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Chicago Fed's Goolsbee Warns AI Investment Boom May Be Fueling Aggregate Overheating
Chicago Fed President Austan Goolsbee warned that the artificial intelligence investment boom could overheat aggregate demand and keep inflation elevated. After three rate cuts in 2025, the Fed raised rates by 25 basis points last month to a range of 3.75%-4.00% as inflation proved stubborn. Markets expect the central bank to hold steady at its October meeting but to raise rates again in December.
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4h ago
Cygnus Metals Limited: Kazakhstan regulatory approval received
TORONTO and PERTH, Western Australia, Oct. 13, 2026 (GLOBE NEWSWIRE) -- Cygnus Metals Limited (ASX:CY5, TSXV:CYG, OTCQB:CYGGF) ('Cygnus” or the 'Company”) provides the following update in relation to the proposed transaction under which Central Asia Metals PLC (AIM:CAML) ('CAML”) will acquire 100% of the shares in Cygnus pursuant to a scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth) ('Scheme”).
4h ago