Artificial intelligence is poised to become a transformative growth driver for African economies, which will also export its own AI in the coming years, according to the head of a data infrastructure company. At Fortune’s Global Forum in Riyadh, Saudi Arabia, on Sunday, Amini founder and CEO Kate Kallot said her company is building computing power that […]
As reported by The Guardian Today, Argentina is holding parliamentary elections that will determine the composition of Congress for the coming years. The pre-election context includes a prolonged economic crisis and accusations of interference by the ally of the U.S. President Donald Trump – Javier Milei. A defeat in the midterm elections would be a […]
Fed Meeting in Focus: Cut Likely, Guidance Will Drive Dollar Response Traders are now squarely focused on Wednesday’s FOMC rate decision and accompanying statement. While a quarter-point cut to a 3.75%–4.00% target range is fully priced in, market reaction will hinge on forward guidance and Chair Powell’s tone in the post-meeting press conference. With job […]
As the calendar flips to late 2025, the U.S. economy presents a tale of two worlds. On one hand, massive investments in artificial intelligence are fueling unprecedented growth in tech sectors, propping up stock markets and contributing significantly to GDP. On the other, traditional businesses in retail, travel, and construction are grappling with high costs, […]
Flagship Chinese companies, spanning sectors from tech to retail, are increasingly shunning the United States and expanding in less-developed markets such as Southeast Asia, where they can leverage historic low-cost advantages and build out supply chains, a Goldman Sachs strategist said. Chinese exports to non-US markets have grown at a compound annual rate of about […]
China is playing a key role in the ongoing rise in gold prices. (Source: Getty) For most of recorded human history, gold has been at the centre of our economic systems. From the Aureus – the golden coinage of the Roman Empire – to the great golden treasures of the new world which would help […]
Vermont Governor Phil Scott announced the appointment of Lyle Jepson as the new commissioner of the Department of Economic Development (DED), alongside Nick Grimley, who will serve as deputy commissioner. Both will officially begin their new roles on Nov. 3. “Growing the economy has been one of my top priorities since being elected governor,” said […]
The is trading higher against all the G10 currencies today, but it has not broken out of this week’s ranges. The is rising for the fourth session this week and has recovered last week’s 0.55% decline. The greenback is mixed against emerging market currencies. While the JP Morgan Emerging Market Currency Index is up about […]
The government shutdown continues to shut off the supply of many economic indicators. Tomorrow’s CPI inflation rate for September is an exception. It is widely expected to remain stuck at 3.0% on a y/y basis. Based on a few conversations with friends about their businesses, we won’t be surprised if the CPI is hotter than […]
In the shadow of lingering economic uncertainties, artificial intelligence has emerged as an unexpected bulwark against recession in the United States. Massive investments in AI infrastructure, from data centers to semiconductor production, are fueling growth even as other sectors falter. This surge in tech spending is not just propping up GDP but reshaping the broader […]
