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BOOM AND BUST ECONOMY
In the 1890s, Montana’s Marysville gold camp grew to about 4,000 people; today, its population is officially 82, with local estimates closer to 90–100Marysville, Montana, once stood as a vibrant mining hub in the late 1800s, largely thanks to the rich yields from the Drumlummon Mine. At i...
In 1862, gold drew thousands of miners to Florence, Idaho; much of the richest ground was worked out that year, and old diggings remainFlorence, Idaho, surged to fame in 1862 amid a major gold rush that saw a flood of miners flocking to the area. The initial excitement tran...
Nevada unions, politicians caught between AI job creation and destructionNevada unions' soul-searching reflects the national debate underway over whether regulation should slow down AI development amid conflictin...
US Market: AI boom could weaken dollar’s safe-haven appeal as foreign flows riseThe US dollar’s safe-haven status could face pressure if the AI investment boom unwinds, prompting foreign investors to pull back from Amer...
The AI boom may transform the economy and still destroy capital, with stranded data centres and heavy investor lossesInvestments in artificial intelligence by major companies have significantly increased in recent years. The overall investment in other sec...
India must avoid copying China's aggressive tax policies on private wealth and offshore assetsDeveloping economies often look to the US and China for cues on taxation, infra spending and policy. India, for one, must steer clear of em...
US stocks: AI shares tumble up to 16%, erasing $80 billion as hot US inflation fuels rate fearsAmid rising inflation, major AI firms like CoreWeave and Dell Technologies experienced significant stock price drops, losing around $80 bil...
- India can catch up in AI by focusing on applications
India faces significant threats in the global AI landscape as investments surge globally. While it has missed some initial chances, the nat...
AI boom’s funding web could spread losses across global markets, IMF warnsThe IMF reports that global AI investment could induce a significant market correction if expectations are unmet. Economic growth has been ...
ET Alpha Wealth Summit 2.0: Worried about your SIP returns? Prashant Jain wants investors to focus on the bigger pictureMany investors fret over mutual fund SIP returns, yet a shift in focus to economic fundamentals is essential. Prashant Jain pointed out tha...
How Trump's war on EVs derailed America's auto-factory revival | ExplainedUS electric vehicle projects and jobs face setbacks due to policy shifts. Automakers canceled billions in investments and thousands of jobs...
BIS chief Pablo Hernández de Cos warns of a second-round inflation threat from energy pricesCentral banks must monitor energy price impacts and potential second-round inflation effects. Global regulatory coordination is crucial for...
Decoding gold rally: Why yellow metal surged 15% in one month and should bullion be in your portfolio?Gold has staged a sharp 15% rally in August after a volatile start to the year, supported by renewed ETF inflows, strong central-bank buyin...
In 1862, silver transformed Aurora in Nevada Territory from a mining camp into a town of about 7,000 people; years later, only about 500 remained, and many mills had been dismantledOnce an empty expanse, Aurora surged into a thriving community of seven thousand within two short years, thanks to promising silver mines. ...
Gold prices rise for 3rd straight week, hit 3-month high. Can bullion reclaim $5,500 peak?Gold rose 5% this week to nearly $4,603, marking its third consecutive weekly gain, supported by a weaker US dollar, Treasury bond buybacks...
Why Jefferies’ Chris Wood sees gold as the second-best hedge amid Iran war and fiscal risksJefferies’ Christopher Wood sees gold as the second-best hedge for investors amid rising geopolitical and fiscal risks linked to the Iran c...
Global debt levels may soon explode with China leading the waySince 2015, world private sector debt has risen by around 15 per cent of world GDP.
Boom turns to bust for millennials across advanced economiesThe UK is also notable for the fall in rates of home ownership.
- India's strong demand a problem too: Goldman Sachs
Consumers' buying binge may foment trouble as domestic demand has resulted in imports surge & the country is relying on short-term inflows ...
- Commodity boom turns bust as economy crumbles
Commodity prices in 2008 plunged the most in five decades as demand for energy, metals and grains tumbled in the second half because of the...