IMF Sees 3.1% Global Growth in 2026 as AI Investment Offsets the Energy Shock
The IMF forecasts global growth of 3.1% in 2026 and 3.4% in 2027, with inflation at 4.7% this year. Forecasts for the US, China, India and Europe.
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Business and economy news: markets, central banks, companies, trade and the cost of living, explained with verified data in plain language.
Hall and Woodford Win the 2026 Nobel Economics Prize for Taming Economic Shocks
Robert Hall and Michael Woodford won the 2026 Nobel economics prize for the theory behind how central banks fight recessions and inflation.
SpaceX Seeks $40 Billion in Debt to Buy Nvidia Chips as AI Borrowing Soars
SpaceX is in talks to raise about $40 billion in loans and bonds for Nvidia AI chips, part of a borrowing wave Morgan Stanley puts at $1.5 trillion.
Fed Raises Rates for the First Time Since 2023 as Warsh Targets Inflation
The Federal Reserve raised rates by a quarter point to 3.75%–4%, its first hike since 2023. Chair Kevin Warsh said inflation is too high for too long.
Warsh Opens the Door to Rate Rises in His First Jackson Hole Speech as Fed Chair
Fed Chair Kevin Warsh said inflation is broad and won’t return to 2% by itself, raising the odds of a September rate hike. Key Jackson Hole takeaways.
Nvidia’s Revenue Doubles to $96.2 Billion as Data-Centre Demand Keeps Climbing
Nvidia reported record quarterly revenue of $96.2 billion, up 106% from a year earlier, and forecast $108 billion for next quarter.
US–Canada Trade Talks Collapse as 50% Tariffs Take Effect
Trump’s 50% tariffs on dozens of Canadian goods took effect after talks collapsed. Carney says Canada will retaliate dollar for dollar from September 8.
US National Debt Passes $40 Trillion for the First Time
US federal debt topped $40 trillion for the first time, reaching $40.047 trillion — earlier than the CBO expected. What drove it and what comes next.