Economy

Economy
Economy

Inside Big Tech’s $700B AI spend in 2026: bullish leaders, split markets

The latest earnings season has revealed a dramatic turning point in the global technology industry. America’s largest technology companies have announced plans to spend more than $700 billion on artificial intelligence-related capital expenditure in 2026, underlining how fiercely they are competing to dominate the infrastructure of the AI era. Microsoft, Meta Platforms, Alphabet’s Google, Amazon

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Economy

Argentina inflation data under scrutiny after statistics chief resigns

The sudden resignation of the head of Argentina’s statistics office this week revealed problems at the core of President Javier Milei’s economic plan, turning the country’s inflation numbers into a political hot spot. Economy Minister Luis Caputo admitted that the government’s decision to postpone an upgrade to the inflation calculation methodology, a delicate move in

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Economy

Morning brief: Asia stocks rally on US-India trade deal, SpaceX acquires xAI

Asia-Pacific markets rallied on Tuesday as investors reacted to a reported breakthrough in US-India trade talks, while risk sentiment was also shaped by volatile crypto markets, fresh political headlines from Washington, and a major deal in the artificial intelligence sector. Below are the key developments shaping global markets. Asian markets surge on US-India trade deal

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Economy

Analysis: gold rebounds over 6%, silver 14% as correction paves way for buying opportunity

After a roller-coaster start to 2026, both gold and silver prices plummeted in the last couple of trading sessions. But, prices have started to rise again on Tuesday as gold surged more than 6%, while silver nearly 14% from Monday’s close. Experts believe that prices are likely to stabilise and even recover further, especially for

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Economy

Commodity wrap: gold, silver stage massive rebound; copper surges 4%

Gold and silver prices rebounded sharply on Tuesday after plummeting in the last couple of trading sessions. Gold prices on COMEX rose more than 6%, while the silver contract experienced a whopping 14% rise on Tuesday. Meanwhile, oil prices also rose nearly 1% after spending most of the day mostly flat as traders resorted to

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Economy

Gold back over $5,100/oz, silver surges 5% as US-Iran tensions escalate

Renewed geopolitical tensions between the US and Iran pushed gold prices higher on Wednesday, extending the yellow metal’s recent upward trend.  This safe-haven buying contributed to the gains, following gold’s previous session, which marked its best single day since 2008. The already escalating tensions between the US and Iran witnessed a direct confrontation in the

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Economy

Morning brief: Asian stocks slide as tech sell-off deepens, Nvidia–OpenAI deal nears

Asian markets traded mostly lower on Wednesday, tracking a broad sell-off in US technology stocks overnight, while gold extended gains for a second session. Investor sentiment across the region was weighed down by losses in global tech, fresh uncertainty around artificial intelligence disruption, and a series of policy and legal developments in the United States.

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Economy

Michael Burry warns Bitcoin slump is spilling into gold and silver markets

Bitcoin’s latest slide is no longer confined to crypto markets. It is starting to surface in places investors often treat as separate, including gold and silver. Hedge fund manager Michael Burry, writing in a recent Substack post, says the downturn in Bitcoin has triggered forced selling across tokenised precious metals, as traders and treasury managers

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Economy

Central bank buying strengthens gold; silver to be volatile, says ING Group

Gold and silver are bouncing back after experiencing one of the sharpest corrections in precious metals in more than a decade.  While short-term volatility is expected to remain high as markets adjust to recent moves, analysts suggest the recent sell-off is likely a correction, not a fundamental reversal, unless macro conditions materially change, ING Group’s

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Economy

Gold’s rally fuels surge in ‘digital gold’ trading in Brazil

Brazilian interest in digital copies of gold traded on the cryptocurrency market has increased amid the metal’s recent significant rise, despite a recent drop. The volume of transactions in so-called “digital gold,” such as the Pax Gold (PAXG) token, increased by around 300% in 2025, according to a survey conducted by Mercado Bitcoin (MB). According

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