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Asian traders cheer US rate cut but gains tempered by outlook
Asian traders cheer US rate cut but gains tempered by outlook
Economy
by  AFP

Most Asian markets rose Thursday as traders welcomed the Federal Reserve's third straight interest rate cut, though the euphoria was tempered by an indication officials could hold off another reduction any time soon. However, traders have lowered their expectations for a string of further cuts in 2026 after the bank's statement used language used in late-2024 to signal a pause in more rate cuts.

AI's $400 bn problem: Are chips getting old too fast?
AI's $400 bn problem: Are chips getting old too fast?
Economy
by  AFP

In pursuit of the AI dream, the tech industry this year has plunked down about $400 billion on specialized chips and data centers, but questions are mounting about the wisdom of such unprecedented levels of investment. Building data centers requires raising significant capital, Luria points out.