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Kong CEO likens AI boom to U.S. railroad era, warns energy limits could stall growth
Augusto Marietti, Kong’s co-founder and CEO, said that hyperscaling will be worth it, as the AI bubble may pop at any time. He pointed out that AI firms will ultimately need the massive AI infrastruct...
Trump admin Treasury touts trade deficit reduction due to tariff, spending strategies
The Trump administration’s Treasury claims its tariff strategy and tighter control of government spending are finally working to reduce the country’s massive trade deficit, according to internal analy...
U.S. banks stuck on collateral talks as $20 billion Argentina loan nears finalization
The cohort of banks, comprising Bank of America, Goldman Sachs, Citigroup, and JPMorgan Chase, are experiencing challenges in assembling a $20 billion loan to Argentina without exposing themselves to ...
Expert to XRP Holders: This IMF Statement Is A Strategic Coordination
An interview clip shared to X by Vandell Aljarrah, co-founder of Black Swan Capitalist, has drawn fresh attention to the accelerating transformation of global finance. The clip features Kristalina Geo...
IMF cites exports, AI expansion in upward review of Asia's 2025 growth forecast
The International Monetary Fund has upgraded its forecast for Asia’s economic growth in 2025. Despite trade tensions, the financial organization highlighted strong trade activities, upcoming investmen...
India pauses Russian oil buys following Trump and Modi talks
Indian refiners are freezing Russian oil deals after President Donald Trump announced that Prime Minister Narendra Modi had agreed to stop taking Russian crude, according to Bloomberg. Trump’s comment...
IMF raises its global economic outlook
IMF Managing Director Kristalina Georgieva said on Tuesday that decisions by most countries not to retaliate against U.S. President Donald Trump’s tariffs have partly helped bolster the global economy...
Asia markets rebound on Powell's dovish signal, but U.S.-China tensions keep sentiment fragile
Asia stocks trade higher on Wednesday, recovering from steep losses incurred earlier in the week. This relief rally was primarily driven by dovish comments from Federal Reserve Chair Jerome Powell and...
IMF urges China to shift from exports to domestic demand
The International Monetary Fund (IMF) has called on Beijing to rebalance its economic growth by reducing its dependence on exports and instead promoting domestic spending by China’s consumers. China’s...
The IMF is seeing a dot-com repeat in today’s AI boom
The International Monetary Fund (IMF) has warned that the massive investment boom in AI shares parallels the dot-com bubble experienced in the late 1990s and could potentially burst. However, its coll...
UK GDP revised up after strong H1 2025 growth
The International Monetary Fund has forecasted in the latest World Economic Outlook (WEO) that the UK will be the second-fastest-growing G7 economy, behind the U.S. The IMF also said that the UK will ...
Wall Street’s mixed finish drags global markets lower
Global markets are trading lower early Tuesday after a shaky trading day on Wall Street that left investors uncertain about what comes next amid renewed beef between the world’s biggest economies, acc...