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Economic Impact

All articles tagged with #economic impact

Sleep apnea drains billions from UK-US productivity every year, study finds
health1 day ago

Sleep apnea drains billions from UK-US productivity every year, study finds

A UCL-led study of 4,000 UK/US adults estimates obstructive sleep apnea costs the US and UK economies more than £137bn ($185bn) annually (US about $180bn; UK about £4.2bn), driven by lost workdays and reduced performance. With around 1 billion people affected globally and up to 85% undiagnosed, researchers call for workplace screening and earlier treatment, noting two-thirds of patients abandon CPAP therapy and that costs may be underestimated as medical and accident costs aren’t included. The study also highlights worker protections and concerns from unions about drivers facing penalties if diagnosed.

via The Guardian|
#cpap-adherence#economic-impact#health
AI Bear Case: A Hypothetical Path to a 40% S&P Selloff
markets2 days ago

AI Bear Case: A Hypothetical Path to a 40% S&P Selloff

MarketWatch summarizes a Citrini Research scenario in which widespread AI adoption disrupts demand and boosts automation, triggering white‑collar job losses and weaker consumer spending. The model envisions a non‑cyclical downturn that could push the S&P 500 down roughly 38–40% from 2026 highs by 2027–28, with ripple effects across bonds, private credit, and housing. The authors stress it’s a scenario‑based exercise, not a forecast.

via MarketWatch|
#artificial-intelligence#economic-impact#markets
Hawaii’s $760 Night: The Hidden Cost Behind Every Visitor Stay
business9 days ago

Hawaii’s $760 Night: The Hidden Cost Behind Every Visitor Stay

Hawaii hotels say 2025 produced a $12 billion economic ripple—an amount spread across the economy that translates to about $760 in economic impact per occupied room night once visitor spending on dining, shopping, transportation, and experiences is included, though this is not the room rate. Total visitor spending reached roughly $21.75 billion with arrivals near 9.6 million, and daily per-person spending rose to about $273. Base rates, resort fees, parking and taxes push the tax-inclusive cost toward ~19%, and despite higher spending, hotel profitability has not fully rebounded and some properties have downsized or closed. The figures underscore scale and leverage, but where the money ultimately benefits locally remains a point of debate.

via Beat of Hawaii|
#business#economic-impact#hawaii
Golden Frenzy: Americans cash in as prices surge for gold and silver
business26 days ago

Golden Frenzy: Americans cash in as prices surge for gold and silver

Rising prices push gold above $5,000 per ounce and silver above $100 as everyday Americans rush to sell gold bars, coins, and even heirloom pieces. Pawn shops report lines out the door and staff doubled to handle demand, driven by gold and silver’s safe-haven status amid economic and geopolitical jitters. Analysts project further gains—Goldman Sachs and Bank of America foresee ~$5,400–$6,000 an ounce by year’s end—while refiners benefit from sending raw metal to processing rather than reselling, and some sellers experience windfalls from scrap or broken jewelry.

via CNN|
#business#economic-impact#gold
WTTC warns proposed ESTA social-media checks could dent US travel, costing billions and thousands of jobs
world28 days ago

WTTC warns proposed ESTA social-media checks could dent US travel, costing billions and thousands of jobs

WTTC warns that a proposed rule requiring social-media history from ESTA travelers could deter international visitors to the US, potentially reducing arrivals by as much as 4.7 million in 2026 (a 23% drop) and costing about $15.7 billion in visitor spending and over 150,000 jobs. The rule would require ESTA applicants to provide social-media handles from the last five years, with public comments open until February 9.

via CNN|
#economic-impact#international-travel#social-media-history
Trump’s proposed 10% credit-card cap could save consumers billions but curb access for some borrowers
business1 month ago

Trump’s proposed 10% credit-card cap could save consumers billions but curb access for some borrowers

Trump floated a 10% APR cap on credit cards for one year—potentially saving consumers about $100 billion annually in interest per Vanderbilt analysis—yet it could limit credit for low-income and subprime borrowers and weigh on spending; banks warn of higher fees or reduced rewards, and enactment would likely require legislation rather than executive action.

via CBS News|
#business#consumer-finance#credit-cards
California's Billionaire Tax Sparks Divided Reactions and Potential Exodus
business1 month ago

California's Billionaire Tax Sparks Divided Reactions and Potential Exodus

California is considering a 5% one-time wealth tax on residents worth over $1 billion, which could impact over 214 billionaires, including notable figures like Palmer Luckey, Mark Zuckerberg, and Jensen Huang. The tax aims to generate revenue but faces criticism for potentially prompting wealthy residents to leave the state, affecting California's economy.

via Business Insider|
#billionaires#business#california
The Role of Oil and Intervention in Venezuela's Crisis
world1 month ago

The Role of Oil and Intervention in Venezuela's Crisis

The US launched a military operation to remove Venezuelan President Maduro, leading to uncertain political and economic consequences, especially for Venezuela's oil industry, which has suffered under Maduro's regime. The situation raises questions about future US-Venezuela relations, sanctions, and the global oil market, with potential implications for oil production, foreign investment, and US energy policy.

via CGEP|
#economic-impact#oil-industry#sanctions
Bulgaria Joins the Euro, Strengthening EU Ties Amid Challenges
economy1 month ago

Bulgaria Joins the Euro, Strengthening EU Ties Amid Challenges

Bulgaria will adopt the euro on New Year's Day, replacing the lev, which is expected to boost cross-border trade, travel, and investment, while also giving Bulgaria a seat on the European Central Bank's governing council. The changeover involves currency conversion, with old notes exchanged for free until June 30, and aims to deepen economic ties with Western Europe, despite some public skepticism.

via Yahoo Finance|
#bulgaria#currency-union#economic-impact
Bulgaria Joins the Euro Amid Political Turmoil and EU Integration
world1 month ago

Bulgaria Joins the Euro Amid Political Turmoil and EU Integration

Bulgaria has officially joined the eurozone, marking a significant step in its integration into the European mainstream, despite mixed public opinions and political turmoil. The transition from the Bulgarian lev to the euro aims to boost trade and economic stability, with some fearing loss of sovereignty and economic stagnation, similar to Italy's experience, while others see it as an opportunity for growth.

via BBC|
#bulgaria#currency-transition#economic-impact