The US economy is growing - so where are all the jobs? When 42-year-old Jacob Trigg lost his job as a project manager in the tech industry he didn't think it would take too long to find a new one - he always had before. But more than 2,000 job applications later he is still hunting, trying to make ends meet with jobs in package delivery and landscaping. It's a huge surprise because I've always been able to get a job very easily, said Trigg, who lives in Texas. It wasn't even on my radar to be prepared for more than six months of unemployment.

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President Trump signed a proclamation on Wednesday to impose a 25 percent tariff on a narrow list of foreign semiconductors, providing a way for the government to earn revenue off the sale of lucrative chips used in artificial intelligence. The tariff, which would take effect Thursday, is far more limited than what the president initially threatened. Last year, the administration began an investigation aimed at encouraging tech companies and chip makers to buy semiconductors made in America. But instead of approving sweeping tariffs that would affect the industry, Wednesday's announcement showed the administration has settled for narrower levies that allow it to take a cut of artificial intelligence chips sold to China. A document released by the White House said a 25 percent tariff would be put on A.I. chips made by companies like Nvidia and AMD that are imported into the United States and then re-exported to other countries. The tariff would not apply to semiconductors that are brought into the country to be used domestically in data centers or in products for American consumers, industry or the government.

China announced record export numbers for 2025, a year when US President Donald Trump's tariffs and trade policy caused turmoil in the global economy. Beijing on Wednesday reported the world's largest-ever trade surplus - the value of goods and services sold overseas compared to its imports - at $1.19tn (£890bn). It's the first time China's full-year trade surplus has passed $1tn, beating 2024's record figure of $993bn. China's monthly export surpluses passed $100bn seven times last year - a sign that Trump's tariff campaign have barely affected its overall trade with the rest of the world. Trade with the US did weaken, but this was made up for by a rise in Chinese exports elsewhere, especially to South East Asia, Africa and Latin America.

How dangerous is the US standoff with Venezuela? Is the US economy strong heading into 2026? As the United States economy heads into 2026, the report card emerging on its performance is complicated. By many measures, the world's largest economy appears to be in a strong position. After a tumultuous year marked by President Donald Trump's return to the White House and his swing towards tariffs and protectionism, recent growth has outpaced the expectations of most analysts.

Savvy countries will discover there's a way to mitigate the harm incurred by Trump's tariffs--and it'll boost their own economies while making goods cheaper too. In 2026, the leaders of America's (former) trading partners are going to have to grapple with the political consequences of tit-for-tat tariffs. A tariff is a tax paid by consumers, and if there's one thing the past four years have taught us, it's that the public will not forgive a politician who presides over a period of rising prices, no matter what the cause. Luckily for the political fortunes of the world's leaders, there is a better way to respond to tariffs. Tit-for-tat tariffs are a 19th-century tactic, and we live in a 21st-century world--a world where the most profitable lines of business of the most profitable US companies are all vulnerable to a simple legal change that will make things cheaper for billions of people, all over the world, including in the US, at the expense of the companies whose CEOs posed with Trump on the inaugural dais.

Negotiations over a technology deal between the UK and US have stalled due to stumbling blocks in wider trade negotiations between the two sides. The Technology Prosperity Deal - which was billed as historic when it was unveiled during US President Donald Trump's state visit in September - saw both countries pledge to co-operate in areas such as AI. However, talks on the agreement are now being held up because of US concerns about what it considers to be wider UK trade barriers. A government spokesperson said our special relationship with the US remains strong and the UK is firmly committed to ensuring the Tech Prosperity Deal delivers opportunity for hardworking people in both countries. The New York Times - which first reported the story - said there were broader disagreements between the two sides, including over digital regulations and food safety rules.

The US firm behind the Roomba smart vacuum cleaner, iRobot, has filed for bankruptcy protection after facing competition from Chinese rivals and being hit by tariffs. Under the so-called pre-packaged Chapter 11 process, the main manufacturer of its devices, Shenzhen-based Picea Robotics, will take ownership of the firm. The tough commercial landscape had forced iRobot to cut its prices and make major investments in new technology, according to documents filed on Sunday. US import duties of 46% on goods from Vietnam, where most of iRobot's devices for the American market are made, increased its costs by $23m (£17.2m) this year, the firm said. The loss-making company was valued at $3.56bn in 2021 after the pandemic helped to drive strong demand for its products.

Prediction markets allow users to trade on outcomes of real-world events, but are prone to fragmentation with overlapping questions, implicit equivalences, and hidden contradictions across markets. We present an agentic AI pipeline that autonomously (i) clusters markets into coherent topical groups using natural-language understanding over contract text and metadata, and (ii) identifies within-cluster market pairs whose resolved outcomes exhibit strong dependence, including "same-outcome" (correlated) and "different-outcome" (anti-correlated) relationships. Using a historical dataset of resolved markets on Poly-market, we evaluate the accuracy of the agent's relational predictions. We then synthesize discovered relationships into a simple trading strategy to quantify how discovered relationships translate into actionable strategies. Results show that agent-identified relationships have around 60-70% accuracy, and their induced trading strategies have an average return of 20% over week-long horizons, highlighting the ability of agen-tic AI and large language models to uncover latent semantic structure within prediction markets.

Global growth is holding up better than expected as an artificial intelligence (AI) investment boom helps offset some of the shock from United States tariff hikes, according to the Organisation for Economic Co-operation and Development (OECD). The Paris-based organisation, however, warned on Tuesday that global growth was vulnerable to any new outbreak of trade tensions, while investor optimism about AI could trigger a stock market correction if expectations are not met. It predicted a rebound to 3.1 percent in 2027. OECD head Mathias Cormann said the trade shocks triggered by US President Donald Trump's tariff hikes had so far proved relatively mild, but added their costs were likely to rise. "The full effects of those higher tariffs since the start of the year will become clearer as firms run down the inventories that they built up," he told a press conference.