Posted 12/20/2023, 8:01:29 AM
Inflation Eases But AI and Twitter Chaos Reshape Business Landscape
- Inflation tide turned as aggressive rate hikes by central banks brought prices down from 2022 peaks.
- AI went mainstream with ChatGPT, though worries grew about impacts on livelihoods and need for safeguards.
- Labor unions capitalized on worker shortages to win better pay and benefits after years of declines.
- Elon Musk’s chaotic Twitter takeover and rebranding to X led advertisers to flee and usage to decline.
- Soaring mortgage rates crushed the housing market even as home prices kept rising, making ownership unaffordable.