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Bitcoin has fallen to a seven-month low, nearing the $80,000 mark. This decline mirrors a wider sell-off in cryptocurrencies, driven by investor concerns over tech valuations and US interest rates. The market sentiment has turned fragile, impacting high-flying AI stocks. Bitcoin has erased its year-to-date gains, raising worries about further significant losses for the digital asset.
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News and Media
Big tech firms are borrowing heavily to fund AI data centers. This surge in debt issuance is raising concerns about the bond market's capacity. While companies remain lightly leveraged now, the need for capital is shifting from cash to public bonds. Projections show AI capital expenditure will significantly increase, requiring substantial financing.
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News and Media
Leaders and top government officials from the richest and leading emerging economies will come together at an exhibition centre near the famous Soweto township in South Africa - once home to Nelson Mandela - to try and find some consensus on the priorities set out by the host country.
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It was like the oddest screwball buddy comedy in American politics. The "fascist" and the "communist." The president and the mayor. The old man and the young Turk. Were these really the same two guys who had spent the last many months flicking acid darts at each other?
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News and Media
The man, an older adult with underlying health conditions, was being treated for a bird flu called H5N5 after becoming seemingly the first known human infected by the strain, according to a statement from the Washington State Department of Health on Friday.
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News and Media
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