Google, Amazon, Microsoft, and Meta are collectively spending $725 billion on AI infrastructure in 2026—a 77% surge from last year—transforming everything from energy markets to global supply chains.
Rising inflation is eroding household purchasing power, with Fitch forecasting consumer spending growth to slow to just 1.7% in 2026 as real disposable income posts its largest decline in the current cycle.
The 2026 NBA free agency period opened with seismic moves as LeBron James informed the Lakers he's leaving after eight seasons, while Kawhi Leonard was traded back to the Raptors by the Clippers.
The Bank for International Settlements issues urgent warning that the trillion-dollar AI investment boom carries echoes of past financial manias and could end in a painful bust.
The Federal Reserve's preferred inflation measure surges to its highest level since 2023, driven by gas prices and AI-related demand, raising the specter of rate hikes.
The NBA offseason explodes with blockbuster moves as Ja Morant heads to Portland, Draymond Green declines his player option, and the Warriors bring back Kristaps Porzingis.
Google has imposed restrictions on Meta's use of its Gemini AI models after capacity disputes, highlighting escalating competition in the artificial intelligence race.
New Federal Reserve Chairman Kevin Warsh has stripped the easing bias from policy statements and raised rates 0.5% in his first FOMC meeting as inflation forecasts surge.