Consumers planning to buy a new PC or smartphone next year may face higher prices, and the reason is increasingly clear: soaring memory costs driven by artificial intelligence demand. Micron Technology’s latest financial results offer a window into how the AI boom is reshaping the global memory market — with ripple effects across consumer electronics.
China’s rapid embrace of robotics is reshaping everyday life and positioning the country as a global leader in advanced technologies. While the US remains focused on artificial intelligence (AI) chips only, China has already achieved dominance in robotics, clean-tech, and other strategic sectors, said Elizabeth Economy in a CNBC interview today. In fact, China is
The approach of 2026 is sharpening attention on one of the most consequential decisions in US economic policy: who will lead the Federal Reserve after Jerome Powell’s term ends in May. President Donald Trump has said he plans to announce his choice early next year, bringing to a head months of public criticism of Powell
Prediction markets have quietly emerged as the next big frontier in financial innovation, and it seems everyone is suddenly paying attention. Investors are pouring in, institutions are taking notice, and major platforms are viewing them not as a fad but as a fundamental shift in how belief, risk, and information interact. And the sudden rise
The US Federal Reserve could be on course for several interest rate cuts in 2026, even if a pause is more likely in January, Commerzbank AG said. The US labour market’s momentum has significantly stalled, with minimal job creation observed in recent months. The US labour market showed surprisingly weak growth in November, with the
Tesla stock (NASDAQ: TSLA) slipped over 2% on Thursday as renewed questions about valuation, margin pressure, and execution risks on autonomous driving spooked investors. The downward cycle of Tesla stock began with Morgan Stanley’s recent downgrade to “Equal Weight,” which prompted traders to examine whether this marks the beginning of a larger retreat. The stock
Global markets opened the week digesting a mix of corporate, macroeconomic, and asset-class developments, from early steps toward a potential SpaceX initial public offering to renewed signs of weakness in China’s economy, cautious trading in Asian equities, and tentative stabilisation in cryptocurrency markets. Together, the updates underscore a backdrop of uneven growth, policy uncertainty and
Alphabet Inc. is poised to record another substantial paper gain following a new SpaceX tender offer that sharply lifts the private company’s implied valuation. The transaction, which prices insider shares well above previous secondary sales, is expected to raise the carrying value of Alphabet’s long-held stake in Elon Musk’s rocket and satellite business. The development,
South Africa’s efforts to expand satellite internet access, with Starlink at the centre of the debate, are facing mounting political resistance. Lawmakers are pushing back against a proposed shift in telecom ownership rules that could allow foreign satellite providers to operate without local equity participation, reports Bloomberg. The dispute has reopened sensitive questions around economic
From Silicon Valley power plays to international legal battles, the overnight news cycle was relentless. Here is your cheat sheet: PayPal is eyeing a banking charter, Tesla is testing driverless tech in Texas, and SpaceX just made Elon Musk wealthier than ever. But the biggest headline might be happening in the courtroom, where President Trump