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A top credit rating agency has downgraded the U.S. public-finance score, citing growing debt, political gridlock, and a weakening fiscal outlook. The move signals mounting concern that Washington’s r…
Published on 2 months, 1 week ago
AI Boom Sparks Chip Shortage Chaos: Why Rising Memory Prices Are Crushing U.S. Automakers
A global surge in demand for AI chips is driving up memory prices by as much as 40%, squeezing automakers already battling tight EV margins. With AI data centers consuming massive chip supplies, carm…
Published on 2 months, 1 week ago
Bumble Goes Private in $3.46 Billion Deal — Major Shakeup Hits the Online Dating Industry
Bumble has been taken private in a $3.46 billion acquisition led by Blackstone, marking one of the largest deals in the digital dating sector. The move aims to restructure the struggling app amid slo…
Published on 2 months, 1 week ago
America’s Power Grid Is Melting Down Under AI’s Energy Hunger
Explosive demand from AI data centers and new U.S. manufacturing plants is forcing utilities to completely rewrite decades-old grid plans. With electricity consumption surging faster than any time in…
Published on 2 months, 1 week ago
Hedge Funds Go “All In” on AI: Biggest Tech Bet Since 2016, Says Goldman Sachs
Goldman Sachs reports hedge funds have boosted investments in AI-related tech stocks like Nvidia and Microsoft to their highest levels in nearly a decade. The surge signals renewed conviction that ar…
Published on 2 months, 1 week ago
Wall Street Explodes: Stocks Hit Record Highs as Inflation Cools and Tech Earnings Loom
U.S. markets just hit new all-time highs after inflation came in softer than expected, fueling hopes of Fed rate cuts. With Apple, Amazon, and Microsoft set to report next week, investors are betting…
Published on 2 months, 1 week ago
Inflation Finally Cools — But a Government Shutdown Could Erase the Progress Overnight
U.S. inflation slowed to 3.2% in September, the lowest rate in over a year, signaling relief for consumers. But a looming government shutdown threatens to halt key economic data releases, leaving the…
Published on 2 months, 1 week ago
U.S. Fast-Tracks Power for AI Boom: Energy Secretary Orders Grid Overhaul to Feed Data Centers
The U.S. Energy Secretary has directed federal regulators to expedite grid connections for AI data centers as electricity demand surges nationwide. The move marks a major federal shift to prioritize …
Published on 2 months, 1 week ago
Tariff Shock: Hidden Trade Costs Are Quietly Squeezing U.S. Companies
Rising import tariffs and ongoing trade-policy uncertainty are driving up costs for American manufacturers while limiting their ability to raise prices. As businesses struggle to adapt, many are turn…
Published on 2 months, 1 week ago
Tech Layoffs Surge Again — But AI May Be Behind the Shake-Up
As economic uncertainty grows, major firms from Meta to Deloitte are cutting thousands of jobs while pouring billions into AI and automation. The wave of layoffs isn’t just downsizing—it’s a complete…
Published on 2 months, 1 week ago