The ruling, which sided with the Biden administration and six Democratic state attorneys general, marked a major setback for Spirit, which had hoped to join forces with JetBlue to create a national low-fare challenger to the dominant Big Four airlines: American, Delta, United and Southwest.
AI Investment Remains Resilient, But Software Firms Face “Existential” Market Anxiety
The artificial intelligence boom shows no sign of slowing, with global spending on AI infrastructure set to surpass $600 billion this year. Yet beneath the headline figures, a growing number of investors are raising urgent questions about who, ultimately, will profit — and who may not survive. A Flood of Capital Into AI The scale of AI investment is almost without precedent. According to analysts at Natixis, the so-called Magnificent Seven technology giants — which include Microsoft, Google parent Alphabet, and Amazon — are expected to spend around $600 billion on data centres, chips, and AI infrastructure in 2026 alone. S&P Global puts that figure even higher, at approximately $635 billion. Credit markets, too, have shown a strong appetite for…
AI Investment Remains Resilient, But Software Firms Face “Existential” Market Anxiety
The artificial intelligence boom shows no sign of slowing, with…
IMF Slashes Global Growth Forecast to 3.1% as Middle East War Intensifies
The International Monetary Fund has sharply cut its outlook for…
“Inward-Looking” Trade Policies Threaten to Fragment Global Supply Chains
As protectionist measures multiply across the world's largest economies, experts…
Powell Faces Political Pressure as Fed Weighed Down by Division
The US Federal Reserve is facing a stark division within…
China’s Export Growth Slows Amid U.S. Trade Tensions and Fading “Frontloading”
China’s economic recovery has hit a bump, with official data…
Microsoft Overtakes Apple as World’s Most Valuable Company
The software giant’s market capitalization rose to $2.89 trillion at the close of trading, edging out Apple’s $2.87 trillion valuation. The last time Microsoft was worth more than Apple was in November 2021, when both companies briefly crossed the $1 trillion mark.
Argentina Strikes Deal with IMF for $44B Loan Revamp
Argentina and the International Monetary Fund (IMF) have reached a staff-level agreement to revamp the country’s $44 billion loan program, unlocking about $4.7 billion in funding and paving the way for a new debt deal with the lender.
Red Sea Crisis Drags On, Slowing Down Global Economy
The Red Sea crisis, which began in October 2023 when Yemen’s Houthi rebels launched a series of attacks on Israeli and international shipping vessels, has shown no signs of abating, despite mounting pressure from the United Nations and regional powers.
NY Times Sues OpenAI and Microsoft Over Copyright Infringement
The New York Times Company has filed a lawsuit against OpenAI and Microsoft, accusing them of using millions of its articles to train artificial intelligence chatbots without permission or compensation.
What’s Going On With the Apple Watch Ban?
Apple, the world’s most valuable company, is facing a potential ban on some of its popular smartwatches in the United States, after a trade tribunal ruled that they infringed on patents held by a medical device maker.
British Stocks Rally as Inflation Decline Eases Rate Hike Fears
The FTSE 100, Britain’s benchmark stock index, rose to its highest level in three months on Wednesday, as investors welcomed a surprise drop in inflation that eased pressure on the Bank of England to raise interest rates.
China’s Politburo Focuses on Consumer Demand and Real Estate Crisis
Chinese leaders pledged to boost domestic consumer demand and tackle the country’s real estate crisis following a key meeting that laid out next year’s economic priorities.
Black Friday Online Sales Hit Record $9.12 Billion
Despite the challenges posed by inflation and supply chain disruptions, American consumers showed their resilience and optimism by spending a record amount online on Black Friday, the unofficial start of the holiday shopping season.
UK Seeks More Global Capital at Investment Summit
The summit, hosted by Prime Minister Rishi Sunak and Business Secretary Kemi Badenoch, aimed to attract greater global capital to UK companies and markets, as well as to highlight the country’s role as a science and tech superpower.