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What if the $3 Trillion Artificial Intelligence Investment Bubble Bursts?
SadaNews - Since the launch of "ChatGPT" in 2022, the world has entered a frantic investment race in artificial intelligence, reaching its peak this year with major U.S. technology companies spending nearly $400 billion on the infrastructure needed to operate large models, according to The...
Central Bank of Russia Cuts Interest Rates by About 100 Basis Points
SadaNews - The Central Bank of Russia reduced interest rates today, Friday, by about 100 basis points to 17%, amid slowing inflation and increasing pressures from officials and the business sector to save the economy from falling into the clutches of recession.
This reduction is the second consecut...
Istanbul Canal: Turkey's Stalled Project Amid Funding Challenges and Opposition Controvers...
SadaNews - The Istanbul Canal project stands out as one of the most ambitious urban initiatives in Turkey's history, combining grand promises with heavy challenges. The government sees it as a gateway to transforming the geographic and economic landscape through a public-private partnership mode...
Currency Exchange Rates Against the Shekel Today, Saturday
SadaNews - The exchange rates of currencies against the shekel today, Saturday:
US Dollar: 3.33
Jordanian Dinar: 4.70
Euro: 3.91
Europe Faces Difficult Test Between Boycotting Israel or Its Defense Interests
SadaNews - Amid scenes of destruction and hunger in Gaza, and the attack that took place this week in Qatar, frustrated European leaders are hinting at imposing sanctions on Israel and reevaluating their relationship with their traditional ally.
However, despite the rising anger, including moves to...
Oil Prices Fall as Attention Shifts to Oversupply Concerns
SadaNews - Oil prices dropped after a three-day rally as negative forecasts overshadowed fears of potential supply disruptions due to geopolitical tensions.
The price of West Texas Intermediate crude fell 2% to settle below $63 per barrel, after the International Energy Agency indicated it expects...
Gold Price Nearing Its Historical Peak as the Federal Reserve's Decision Time Approaches
SadaNews Economy - Gold is on track to achieve gains for the fourth consecutive week, supported by expectations of the U.S. Federal Reserve cutting interest rates, along with increasing inflows into gold-backed exchange-traded funds.
The price of gold bullion rose to $3,650 per ounce, an increase o...
Ambiguity in Asian Stocks Amid Expectation for U.S. Inflation Data
SadaNews - Asian stock indices stabilized on Thursday, after some major technology companies in the region showed positive performance ahead of the highly anticipated U.S. inflation data later today.
The main indices in Japan, South Korea, and mainland China recorded gains, while their counterparts...
Stability of Gold Price Near Its Peak Following Shocking Data
SadaNews - The price of gold stabilized just below its historical highs after unexpected data showed a decline in producer prices in the United States, bolstering expectations that the Federal Reserve will move towards easing monetary policy.
The price of an ounce recorded about $3,642, which is...
Stability in Oil Prices Following Three Days of Rise
SadaNews - Oil prices stabilized after a rise that lasted three days, as investors awaited comments from U.S. President Donald Trump regarding Russia, and the potential for him to take additional steps to punish Moscow in light of the war in Ukraine.
Trump had raised doubts in a social media post o...
Expectations for a Sharp Decline in Oil Prices in the Coming Months
SadaNews - The U.S. Energy Information Administration, in a report released today Tuesday, expected global oil prices to decline significantly in the coming months, as the increase in production by OPEC+ member countries will lead to a large accumulation of oil inventories.
The Energy Information...
Trump Presses Again on the Federal Reserve After Producer Price Data
SadaNews - U.S. President Donald Trump renewed his attack on Federal Reserve Chairman Jerome Powell just minutes after the release of data from the U.S. Producer Price Index, demanding a "significant and immediate" cut in interest rates.
After data indicated that the U.S. Producer Price Index exper...