Markets
- How families could get stuck with higher electric bills if the AI data center boom goes bust - Investors and energy analysts question whether the AI race has turned into a bubble, one that would be costly to unravel as major infrastructure gets built.
- Trump administration to announce new fuel economy standards Wednesday, sources say - The oil industry group the American Petroleum Institute has lobbied the Trump administration to repeal the Biden fuel economy standards.
- European stocks set for positive open as global markets push higher - European stocks are expected to open in positive territory on Wednesday as global markets move higher.
- Australia's economic growth misses estimates, rising 2.1% in the third quarter - Australia's economic grew less than expected in the third quarter, still accelerating at the fastest pace in about two years, driven by investment and consumer demand.
- Asia-Pacific markets rise after Wall Street's tech-fueled recovery - Bitcoin climbed over 7% to cross the $90,000 mark after a sharp sell-off a day earlier.
- Michael Burry calls Tesla 'ridiculously overvalued' and knocks tech industry for a widely used practice - "The Big Short" investor Michael Burry put Tesla's valuation in the spotlight.
- AI stock rally may be driven by fear of missing out, but strategists say hold tight - The European Central Bank on Wednesday warned of high valuations and increased concentration of global stocks.
- South Korea auto stocks rise after U.S. Commerce Secretary confirms tariffs lowered to 15% - Overnight, bitcoin plunged around 6% to trade below $86,000, marking its worst day since March and pressuring the broader stock market down.
- Kalshi makes move to court crypto traders with tokenized betting contracts - Tokenization refers to creating a digital version of a real-world financial asset such as a stock, bond or treasury note.
- As regime change looms at the Fed, one candidate emerges as frontrunner for chair - President Donald Trump knows who he's going to select as the next Federal Reserve chair but isn't saying yet.