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.
Markets
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.
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 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.