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Data centers are running into a wall of public anger in the United States over their thirst for water and power. “There are incentives,” Ren said, but they have more to do with public relations amid the growing backlash to data centers across the United States.
Investors are turning their focus to U.S. inflation data due this week, with the August CPI and PPI reports expected to influence expectations for a September Federal Reserve rate hike. Stronger-than-expected jobs data has lifted rate-hike bets, while rising Treasury yields and shifting monetary policy expectations could add volatility to equities.
South Korean shares surged nearly 3% on Monday, led by Samsung Electronics and SK Hynix, as optimism over sustained AI investment and strong semiconductor demand lifted investor sentiment. Strong exports and a firmer won also supported the broader market, with foreign investors turning net buyers of South Korean equities.
U.S. equity funds saw $11.12 billion in net outflows for a second straight week as rising bond yields, oil prices and Middle East tensions dampened sentiment. Strong AI-related earnings from Nvidia and Dell limited the decline. Investors favored safer assets, with money market funds attracting $48.76 billion, reflecting heightened market caution.
India and Sri Lanka will be the only two undefeated teams heading into the semifinal stage of the Women’s Asia Cup 2026
Gold prices fell on Monday as strong US job statistics increased expectations of interest rate hikes. Market players are now focused on upcoming US inflation figures that will dictate the Federal Reserve’s policy decisions. Should inflation rise, gold prices may come under further pressure this week, with traders considering a notable likelihood of a rate…
August 2026 marked a historic milestone in India’s auto retail market, exceeding all previous records. In a significant shift, alternative fuel vehicles eclipsed petrol sales in the passenger vehicle category. Rural markets had a remarkable performance, outshining urban areas across vehicle segments, while tractor sales held steady amid monsoon effects. Auto dealers anticipate a more…
India’s gold lending industry is projected to witness approximately 28 per cent compound annual growth rate (CAGR) over FY26-28E, driven by the formalisation of credit and low monetization of household holdings, according to a report by Motilal Oswal. The segment has now overtaken personal loans to rank as the second-largest consumer lending category for banks…
Home to companies like TSMC whose chips power AI applications, diplomatically isolated Taiwan has long sought to leverage its tech prowess to garner international support, something Beijing routinely seeks to block saying the island is merely one of its provinces.
Foxconn, Nvidia’s biggest server maker and a major Apple supplier, has been a big beneficiary of the trend towards AI, reporting last month a 35% rise in second-quarter profit that beat analyst forecasts.