Hungary finance minister says 2026 deficit would reach 7.5% of GDP

OpenAI and Anthropic have made incredible advances in the capabilities and implementation of artificial intelligence over the last few years. Now, they’re turning their attention to the hardware used to train and run their large language models. Both companies are reportedly developing custom AI accelerators, which can offer better performance per dollar for specific processes…

Sometimes, the best antidote for a negative market narrative is to step back and look at what is actually happening.  Right now, there are plenty of reasons for uncertainty and hesitation. Inflation has moved higher and speculation around future interest rate movements only intensifies. And while GDP has proved to be pretty resilient in recent months,…

Charles Schwab’s proprietary retail investor sentiment gauge hit its highest level in four years in June, as clients continued to buy market dips despite major indices closing the month with minor losses. The firm revealed on Monday that the Schwab Trading Activity Index (STAX) rose to 59.12 in June, up 7.33% from 55.08 in May,…

Westpac and Macquarie are the last of the big five to pass on February’s cash rate hike to their variable home loan rates, joining a flood of lenders lifting rates this week. More than 30 lenders increased their home loan rates this week, the vast majority passing on February’s 25-basis point cash rate increase to…

Splurging on a shiny, new appliance for your home can be exciting. However, nothing last forever. In fact, modern appliances usually come with shorter lifespans than their older counterparts—and these days, they cost a lot more. The Chicago Fed studied the impact of President Trump’s tariffs imposed last year and found many housing-related industries among the most…

German football club RB Leipzig has signed a two-season partnership with online trading and investment company IC, naming the firm as the sleeve partner of the men’s first team. The deal expands IC’s sports sponsorship portfolio. This year, the company partnered with Mexican footballer Guillermo Ochoa after signing sponsorship agreements with the Haas Formula 1…