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This is the strangest economy I’ve seen in my lifetime. If you just looked at the macro data — the jobs numbers, G.D.P., the stock market — things look pretty normal. But they clearly aren’t normal. The Trump administration spent the year upending the global trade system while tech companies spent hundreds of billions of dollars on A.I., a technology that could potentially displace many of our jobs. And people don’t feel normal, either. Survey data shows that the vibecession rages on. Tracy Alloway and Joe Weisenthal are the co-hosts of the excellent economics podcast “Odd Lots” and have closely followed all the chaos this year. So I wanted to have them on the show to explain what the hell is going on. Mentioned: Charts Odd Lots The Three-Body Problem by Cixin Liu “The Vibecession: The Self-Fulfilling Prophecy” by Kyla Scanlon “Everyone is Gambling and No One is Happy” by Kyla Scanlon Book Recommendations: Breakneck by Dan Wang North Woods by Daniel Mason A Marriage at Sea by Sophie Elmhirst The Digital Reversal by Andrey Mir Orality and Literacy by Walter J. Ong No Sense of Place by Joshua Meyrowitz Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com. You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs. This episode of “The Ezra Klein Show” was
Solar power, electric vehicles (EVs) and other clean-energy technologies drove more than a third of. The post Analysis: Clean energy drove more than a third of China’s GDP growth in 2025 appeared first on Carbon Brief
Prime Minister Mark Carney’s government plans to change its tariff system to create a stronger financial incentive for automakers to invest in Canada, resisting US efforts to lure factory jobs away
Anthropic's "smartest model" is getting a major boost, the company said in a blog post announcing Claude Opus 4.6. It called the new model a "direct upgrade" from its predecessor in a release, noting that it can better take on complex, multi-step tasks and get "much closer to production-ready quality on the first try than […]
The company’s rapid e-commerce growth and push into automation and artificial intelligence propelled its stock into the trillion-dollar club
European Central Bank Governing Council member Martin Kocher tells Bloomberg Television the ECB needs to keep all options available due to the unstable geopolitical and trade backdrop. “It’s important to have full optionality,” he tells Bloomberg’s Lizzy Burden
Dutch chipmaking equipment group predicts ‘significant increase’ in sales this year
The Czech Republic’s budget deficit exceeded the target for 2025, leaving the new government scrambling to find savings and financing for its priorities
Damage caused by US tariffs has so far been muted but that won’t last
DAVOS, Switzerland -- BlackRock CEO Larry Fink will open the World Economic Forum with a blunt acknowledgment that Davos — and the economic system it represents — is facing a crisis of legitimacy. Why it matters: As thousands of executives and global leaders descend on the Swiss Alps for a week of cocktails and canapés, WEF's interim co-chair will warn that the prosperity they celebrate has left too many people behind. Outside of the United Nations, this year's conference marks "the largest gathering of global leadership of the post-COVID era," Fink will say in his opening remarks Tuesday."But now for the harder question," he'll add. "Will anyone outside this room care?" The big picture: Fink, who inherits the mantle of "mayor of Davos" from WEF founder Klaus Schwab, is casting this year's forum as an elite gathering struggling for relevance in an age of populism and deep institutional distrust. "Many of the people most affected by what we talk about here will never come to this conference," Fink will acknowledge."Prosperity isn't just growth in the aggregate. It can't be measured by GDP or the market caps of the world's largest companies alone. It has to be judged by how many people can see it, touch it, and build a future on it." Between the lines: Fink believes the AI revolution — a theme of virtually every pavilion on the Davos promenade — will pose the ultimate test of whether capitalism can deliver prosperity beyond its traditional winners. "Since the fall of the Berlin Wall, more wealth has been created than in all prior human history combined," the world's most powerful asset manager will say. Most of it has accrued to the kinds of people who attend Davos."Now AI threatens to replay the same pattern," Fink will warn. "If AI does to white-collar work what globalization did to blue-collar, we need to confront that directly." What to watch: Fink's remarks set the stage for a week in which Davos' elite consensus will be tested by populist politics — including Pr
French Finance Minister Roland Lescure said the 2026 deficit could exceed 5.4% of economic output after parliament failed to adopt a budget bill before the end of last year