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Economic Currents: Record Black Friday, AI’s Job Market Impact, Crypto UBI, and Global Tech Investments
Stock Market News· 2025-11-30 01:38
Key TakeawaysU.S. online Black Friday sales hit a record $11.8 billion, a 9.1% increase year-over-year, significantly boosted by AI-powered shopping tools.Entry-level job postings have fallen 16% year-over-year, raising concerns for young workers as AI automation impacts the labor market, with youth unemployment reaching 10.5%.Japan is dedicating approximately $1.6 billion in an extra budget to bolster its AI and semiconductor industries, part of a long-term strategy to regain technological leadership.A Coi ...