Economics
Cornell study links GLP-1 drugs like Ozempic and Wegovy to lower household food spending
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Households that start GLP-1 appetite-suppressing medications such as Ozempic and Wegovy reduce food spending within months, including at grocery stores and limited-service restaurants, according to new research from Cornell University based on linked survey responses and transaction data.
The Indian government has increased customs duties on gold, silver and platinum to curb imports and preserve foreign exchange reserves amid rising oil prices from the West Asia conflict.
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A new essay examines how money shapes perceptions of buildings and other material items in society.
A recent National Bureau of Economic Research report reveals that American families face $400 to $900 in yearly climate-related expenses. These costs stem from extreme weather events impacting insurance, energy, taxes, and health. The study highlights rising burdens, especially in disaster-prone areas.
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The booming AI industry is consuming vast quantities of computer memory chips, the same type used in laptops, smartphones, and games consoles. This has led to higher prices and potential shortages for consumer products. Manufacturers face challenges in scaling production amid surging demand.