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Michael Burry Warns Nvidia Faces Risks from Distorted Demand and Looming Bullwhip Effect
Investor Michael Burry warns Nvidia's revenue growth relies on a small group of hyperscalers, citing concentration risk and a possible bullwhip effect.
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New Fed Chair Kevin Warsh Faces Inflation Reality Check
Kevin Warsh's promises for rate cuts clash with rising inflation ahead of his first FOMC meeting.
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European Stocks Slide, Oil Surges After U.S. Strikes Iran
European markets dip and oil prices rise after new U.S. strikes in southern Iran, dampening hopes for a peace deal.
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Taiwan Surpasses India in Market Value as AI Chip Boom Drives Rally
Taiwan's stock market capitalization hits $4.95 trillion, overtaking India and becoming the world's fifth-largest equity market.
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BOJ's New Core Inflation Gauge Hits 2.8%, Widening Policy Dilemma
Japan's central bank reveals a core inflation trend at 2.8%, diverging sharply from official CPI and raising pressure for a rate hike.
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Fed Chair Warsh Bets on AI to Cut Costs, Echoing 1990s Boom
Kevin Warsh argues AI is a disinflationary force, urging policy akin to Greenspan's era. Colleagues remain skeptical.
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Malaysia ends gold duty-free era with 10% import tax
Malaysia imposes 10% import duty on LBMA-standard gold bars from June 8, 2026, adding RM45,000 per kilogram.
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Sri Lanka Surprises with 100-Basis-Point Rate Hike Amid Iran War Fallout
Sri Lanka's central bank raises key rate by 100 bps to combat inflation and support the rupee, as the Iran war drives up energy costs.