Core Insights - Travelers are altering their vacation planning strategies, indicating a shift in consumer behavior within the travel industry [1] - The CEO of Booking expresses confidence that the online travel agency can adapt to these changes and maintain its competitive edge [1] Company Perspective - Booking's leadership believes that the company is well-positioned to respond to evolving travel trends [1] - The CEO's optimism suggests a proactive approach to market changes, which may enhance Booking's resilience in a dynamic environment [1] Industry Trends - The travel industry is experiencing a transformation in how consumers plan their trips, which may impact traditional booking methods [1] - The shift in traveler behavior could lead to new opportunities for online travel agencies to innovate and cater to changing preferences [1]

https://t.co/jd7UeXXZXe Will Ban Children From Speaking With Chatbots After Facing Regulatory Pressure And Lawsuitshttps://t.co/fR2LiMzisa https://t.co/dqx4NCPrrX ...

RT Bloomberg Live (@BloombergLive)"We've actually seen that 10% of people say 'I love you' to chatbots," ICONIQ's Lauren Kunze on the increase in people using chatbots.⏯️ https://t.co/nnRX4STmti https://t.co/cfvmBRAg9F ...

The Wikimedia Foundation revealed an unsettling trend: search engines and chatbots are providing Wikipedia's content directly to users without sending them to the site. https://t.co/Bh2sj4kpkD ...

WhatsApp is banning general purpose chatbots from using its Business API https://t.co/FZnf7zHwPg ...

California Enacts First US Rules for AI 'Companion' Chatbots► https://t.co/QkZaTdHBeS https://t.co/QkZaTdHBeS ...

Databricks CEO Says Companies Erred With Focus on ‘Chatbots Galore’ https://t.co/GHQIJrgJKv ...

Jobs are disappearing just as companies are incorporating more artificial intelligence into their businesses, raising the question: Is work going to chatbots instead of people? https://t.co/pSSBwDXcNb ...

Fiscal Policy & Economic Growth - The analysis suggests tariffs are running at an annual rate between $400 billion and $500 billion, potentially improving the deficit, but real GDP growth is considered the key to significantly reducing the deficit as a percentage of GDP [1] - The report anticipates real GDP growth will surprise on the high side of expectations later in the year and into 2026, driven by innovation platforms like robotics, energy storage, AI, multiomic sequencing, and blockchain technology, all catalyzed by AI [1] - The analysis highlights deregulation, particularly in crypto, AI, and nuclear energy, as a significant factor for economic growth, with tax changes encouraging manufacturing and innovation through accelerated depreciation schedules and full expensing of equipment, R&D, and software [1] Inflation & Monetary Policy - The report indicates that while inflation may seem stuck in the 2% to 3% range, innovation-driven productivity gains could lead to deflation in the coming years [2] - The analysis points out that M2 money supply growth has significantly dropped compared to the COVID boom, and the velocity of money is declining, potentially diffusing inflationary pressures [2] - The yield curve, measured by the two-year Treasury yield relative to the three-month Treasury yield, indicates tight monetary policy, which is expected to have disinflationary or deflationary effects [3] - True inflation CPI is reported at 19%, even with tariffs factored in, and consumer inflation expectations are expected to decline [3] Market Indicators & Investment Strategy - The analysis notes that manufacturing has been contracting for the last three years, and services are not in great shape, signaling potential economic concerns [4] - The report highlights that AI-powered capital spending is increasing, supported by new tax rules, while the trade deficit is being addressed [5] - The analysis observes that pending home sales are deteriorating, and new home inventory is high, potentially leading to price cuts and impacting the CPI [5] - The report suggests that the return on investment in the US is expected to increase due to innovation, tax laws, and deregulation, potentially strengthening the dollar [5] - The analysis notes that corporate profits are healthy, but quality of earnings and harnessing new technologies will be crucial for future growth [5] - The report observes that commodity prices are going nowhere, and gold is breaking out to all-time highs relative to metals, possibly signaling deflationary concerns [5]

From @WSJopinion: Is AI turning our brains to mush? In this week’s Future View column, students discuss chatbots making people overly reliant on instant answers https://t.co/isgb29CcX1 ...