US President Donald Trump has blamed the Democrats’ gains in the midterm elections for a claimed $3 trillion loss in the US, while defending his decision to strike Iran. Speaking to reporters in Florida, Trump linked the market fall to the election results and said stopping Iran from getting a nuclear weapon remained a priority. … Read more
US semiconductor stocks rebounded on Tuesday, with major chipmakers opening higher after suffering heavy losses in the previous trading session. The Philadelphia Semiconductor Index (PHLX Semiconductor Index), which tracks major semiconductor companies, also moved higher. Nvidia, AMD and Intel shares rise as US semiconductor stocks recover after a $3.7 trillion market sell-off. (Pexel) Nvidia shares … Read more
America’s $10 trillion artificial intelligence (AI) infrastructure boom is facing growing problems. Data centre projects are being delayed, some are being cancelled or blocked, and investors are becoming less confident about the sector. These challenges are raising questions about whether the massive spending planned for AI infrastructure can continue at the expected pace. America’s $10 … Read more
Anthropic is preparing for a huge IPO that could value the AI company at more than $2 trillion. The planned public offering would be one of the biggest tests yet of how investors value leading AI companies. Anthropic IPO faces questions over its $2 trillion valuation, huge losses and massive AI spending. (REUTERS/Carlos Barria/File Photo) … Read more
US debt has reached $40 trillion, while Treasury yields are rising sharply, adding to concerns about the country’s debt outlook. Higher yields mean the US government has to pay more interest when it borrows money, putting additional pressure on the federal budget. US debt hits $40 trillion as Treasury yields rise and interest costs grow. … Read more
The total cryptocurrency market value has climbed back above $3 trillion for the first time since January. The rise comes after a strong rally in Bitcoin, which has lifted the broader digital asset market. But the rally is also bringing more leveraged trading into the market. This could make crypto prices move sharply in either … Read more
Gas refinery at the South Pars gas field in Asalouyeh, Iran. (AP Photo) Iran has discovered more than 7.5 trillion cubic feet (tcf) of natural gas in its southern Fars province, even as months of conflict with the US and Israel have disrupted the country’s energy sector.Around 5.7 tcf of the newly discovered gas is … Read more
The US once appeared to be on track to eliminate its debt. In 2001, the US government had recorded a budget surplus for four straight years. The Congressional Budget Office (CBO) had even projected that the national debt could effectively fall to zero by 2009. US debt crossed $40 trillion after years of tax cuts, … Read more
Solar Panel Waste: The Unknown Side of Solar Power Discarded solar panels could become a major global waste problem, with as much as 402 million tonnes of photovoltaic (PV) waste expected by 2060. But if these panels are recycled properly, the materials inside them could create almost $1 trillion (£770 billion) in economic value.According to … Read more
The US also criticised Islamabad for not publishing its executive budget proposal within a reasonable period (representative image) The US state department has flagged a lack of adequate parliamentary and civilian oversight of Pakistan’s military and intelligence spending, while also raising concerns over limited disclosure of government debt and delays in publishing the executive budget … Read more