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Australia’s Debt Surge: Why Households Are Feeling the Squeeze at 4.6%
Australian household debt is trending for an uncomfortable reason: borrowers are now carrying the heaviest debt-servicing load since the late 1980s, even though official interest rates are less than a third of what they were back then. The Reserve Bank of Australia (RBA) has lifted the official cash rate to 4.60 per cent — its…
Stock Market Today: Chip Stocks Plunge on AI Funding Worries
The stock market today is firmly in the red as a global rout in chip stocks deepens. Nvidia, AMD and Dell are leading the declines, with selling spreading from the United States across Asia as investors question whether the money behind the artificial-intelligence buildout will keep flowing. It is the kind of session that reminds…
OpenAI Revenue Miss Triggers $2.7T AI Selloff on October 9
OpenAI’s $50 billion revenue disclosure, $20 billion below expectations, triggered a sharp selloff in AI stocks. Nvidia fell 3%, Oracle 6%, CoreWeave 8% on October 8.
OpenAI Releases 722 Math Papers, Drawing Fire From Academic Leaders
OpenAI released 722 mathematical papers solving hundreds of open problems, but mathematicians worry about verification and the lack of human understanding in AI-generated proofs.
Arthur Hayes Warns AI Boom Will Waste Trillions, Predicts Crypto Rally by 2028
Arthur Hayes predicts AI data-center overbuilding will lead to a market crash and bailout by late 2027 or 2028, positioning Bitcoin to benefit from excess liquidity.
AMD Jumps 3% to $649.42 as Meta Muse Drives CPU Renaissance
AMD stock hits fresh high at $649.42 as Meta Muse AI agent adoption drives CPU demand. Citi upgrades AMD price target, projecting CPU market to expand from $29B in 2025 to $300B by 2030.
AMD Hits $1 Trillion Market Cap as Meta Muse Drives CPU Demand Surge
AMD stock jumps 2.8% to $649.42 as Meta Muse and OpenAI Dots AI agents run on AMD EPYC CPUs, lifting the chipmaker into the trillion-dollar market cap club and outpacing tech megacaps.
Dodgers Beat Braves 5-3 in NLDS Game 1 as Ohtani Manages Injuries
Dodgers beat Braves 5-3 in NLDS Game 1 on October 3. Ohtani plays despite knee and biceps injuries. Series continues Sunday with Game 2 at 8 p.m. ET.
PS5 Pro Japan Pre-Orders Open September 28 at ¥137,980
Sony Japan launches PS5 Pro pre-orders at ¥137,980 on September 28. Buyers must have 60+ hours of PS4/PS5 gameplay in the past two years. Lottery system if demand exceeds stock.