IMF says AI investment bubble could burst, comparable to dot-com bubble | International Monetary Fund News

IMF says AI investment bubble could burst, comparable to dot-com bubble | International Monetary Fund News

The United States’s artificial intelligence (AI) investment boom might be an economic bubble that could burst, comparable to the dot-com bust in the early 2000s, according to the International Monetary Fund. The IMF’s chief economist, Pierre-Olivier Gourinchas, forecasted that the bust would be less likely to be a systemic event that would crater the US…

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Trump-Xi meeting still on despite trade tensions, says US’s Bessent | International Trade News

Trump-Xi meeting still on despite trade tensions, says US’s Bessent | International Trade News

The secretary of the US Treasury says President Trump may call off his 100 percent tariff threat on China as negotiations continue. Plans for United States President Donald Trump to meet his Chinese counterpart Xi Jinping in South Korea in late October remain intact, despite resurgent trade tensions between the two countries, US Treasury Secretary…

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