Market News

Philip R. Lane: The rise in defence spending and the euro area economy

Iran grants permission for a number of Iraqi oil tankers to pass through Hormuz Reuters

India‘s External Affairs Minister S. Jaishankar will visit Russia and co-chair the 27th India-Russia Inter-Governmental Commission meeting on trade, science, technology, and culture.

Brazil’s president and US secretary of state exchange barbs ahead of the South American country’s election

The artificial intelligence investment boom has hit a peak, and it’s only down from here.

The good news and bad news about AI

Democrats and Republicans, in Congress and the White House, once collaborated on fraught legislation to address major public policy and fiscal challenges: Social Security reform in 1983, Welfare reform in 1996, the Troubled Asset Relief Program of 2008 that arguably saved the US from financial ruin.

Every time a Major League Baseball pitcher blows out his elbow, the question is usually: “How long will he be out?”

Sam Palmisano says the AI boom is built on long-cycle bets in data centers, chips and energy, even as AI software changes at breakneck speed. If adoption slows or cheaper Chinese open-source models gain traction, Big Tech may have to rethink the spending plans behind today’s AI race. (Source: Bloomb

PG&E is marketing its former 8th Street substation in SoMa, a 12-megawatt property in high demand as AI firms flood San Francisco's office market.