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The Philadelphia Fed Manufacturing Employment Index for August was 27.9, down from 10 in the previous month.

2026-08-20

The Philadelphia Fed Manufacturing Employment Index for August was 27.9, down from 10 in the previous month.

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2026-08-20

AT&T says open models now account for about 25% of its AI usage and could climb to 70–80%. In some applications switching from closed proprietary models to open models has cut costs by 80–90%. Goldman Sachs reports enterprises are adopting model tier

AT&T says open models now account for about 25% of its AI usage and could climb to 70–80%. In some applications switching from closed proprietary models to open models has cut costs by 80–90%. Goldman Sachs reports enterprises are adopting model tiering: lower-inference tasks shift to lower-cost open models while the most complex tasks remain on higher-capability proprietary models. As Chinese domestic open models increasingly substitute for U.S. models, Goldman-tracked AI-token costs have fallen 49% since May, making model calls cheaper and supporting broader enterprise AI adoption. Goldman warns cheaper calls will pressure base-model vendors’ per-unit pricing and margins; cost efficiency is rising as a competitive axis alongside model capability in the next phase of AI commercialization.
2026-08-20

Fed minutes: At the July 28-29 meeting, most participants supported keeping the The policy rate remained unchanged, but several officials favored a rate hike.

Fed minutes: At the July 28-29 meeting, most participants supported keeping the The policy rate remained unchanged, but several officials favored a rate hike.
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