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Federal Reserve Study Links ChatGPT's Launch to 50% Drop in U.S. Programming Job Growth

Federal Reserve Study Links ChatGPT's Launch to 50% Drop in U.S. Programming Job Growth

A Federal Reserve study by economists Leland D. Crane and Paul E. Soto found U.S. programming job growth fell roughly 50% after ChatGPT launched in November 2022, with an estimated 500,000 developer positions never filled — the first Fed-level research to link AI adoption to an occupation-specific hiring decline....

May 19, 2026
Brazil's Central Bank Bans Crypto From Regulated Cross-Border Payment Channels

Brazil's Central Bank Bans Crypto From Regulated Cross-Border Payment Channels

Brazil's central bank has banned virtual assets from its regulated eFX cross-border payment rails via Resolution BCB No. 561, requiring providers to use only foreign exchange transactions or non-resident real accounts — tightening oversight amid surging stablecoin activity....

May 18, 2026