Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download
Investment
Features
FeesSafety
Academy
More
Pluang+

Nobel laureate warns AI job loss fears may cause economic downturn through negative expectations.

Market News
27 Jun 2026
Fox Business
View Source
Bearish
pluang ai news

Nobel Prize-winning economist Robert Shiller cautions that fears about AI destroying jobs could become a self-fulfilling prophecy by influencing economic decisions negatively. He highlights historical anxieties about technology replacing workers and notes recent polls showing widespread concern about AI's impact on employment. Shiller argues that while AI might reduce jobs, the greater risk is the fear it generates, which could worsen economic conditions and lead to a recession. He urges Silicon Valley leaders to temper their negative narratives to avoid fueling economic panic.

More News

Bitcoin mining difficulty rises 7.15% amid 18% drop in hashprice, squeezing miner profits.

Bitcoin mining difficulty rises 7.15% amid 18% drop in hashprice, squeezing miner profits.

Bitcoin's mining difficulty increased by 7.15% on June 26, marking the second-largest rise this year, even as the hashprice—the expected revenue per unit of mining power—fell 18.34% over the past month to $28.68 per PH/s. This difficulty hike makes m...

Protocol Fundamentals
Bearish
4 hours ago
Gold, silver, and bitcoin fall together as hawkish Fed and strong dollar hit non-yielding assets.

Gold, silver, and bitcoin fall together as hawkish Fed and strong dollar hit non-yielding assets.

Gold, silver, and bitcoin are all declining due to a hawkish Federal Reserve and a stronger U.S. dollar. These assets, often grouped as a 'debasement trade' hedge against currency erosion, are losing appeal as higher interest rates raise real yields,...

Market News
Bearish
4 hours ago
Bitget warns AI-driven scams rise as multi-asset fraud grows, blocking 150M malicious requests in a year.

Bitget warns AI-driven scams rise as multi-asset fraud grows, blocking 150M malicious requests in a year.

Bitget released a report with SlowMist revealing how scammers use AI, fake communities, and social engineering across multiple asset types to execute complex frauds. Their security systems blocked over 150 million malicious requests from July 2025 to...

Market News
Bearish
4 hours ago
Bitcoin ETFs see $1.79B outflows in a week, marking seven straight weeks of losses amid falling Bitcoin prices.

Bitcoin ETFs see $1.79B outflows in a week, marking seven straight weeks of losses amid falling Bitcoin prices.

Spot Bitcoin ETFs experienced $1.79 billion in outflows last week, the second-largest weekly loss since their launch over two years ago, extending a seven-week streak of net withdrawals. This trend reflects declining investor confidence as Bitcoin's ...

Market News
Bearish
4 hours ago
Avalanche adds 707K new addresses in Q2, a 6x jump from Q1 amid DeFi and subnet growth

Avalanche adds 707K new addresses in Q2, a 6x jump from Q1 amid DeFi and subnet growth

Avalanche's C-Chain onboarded 707,000 new addresses in Q2 2026, six times more than in Q1, driven by rising DeFi activity, subnet expansion, and institutional interest. The network's total value locked nearly doubled to $2.1 billion, supported by 75 ...

Protocol Fundamentals
Bullish
5 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App