U.S. Inflation Jumps to 3.7% as Energy Shock Reaches American Consumers
U.S. inflation jumped to 3.7% in September, up from 3.4% in August, after gasoline prices surged 9.1% in a single month and accounted for more than half of the monthly increase.
Markets
IMF Says AI Is Keeping the Global Economy Afloat Despite the Middle East War
The IMF has raised its 2026 global growth forecast to 3.1%, saying massive investment in AI infrastructure is helping offset the economic damage from the Middle East war, high oil prices and disrupted trade.
IMF and World Bank Meet as Global Debt Heads Toward Historic Levels
The IMF and World Bank are meeting in Bangkok as global public debt approaches historic levels and is projected to exceed 100% of world GDP by 2030.
Samsung Just Reported What Could Be the Largest Quarterly Profit in Technology History
Samsung estimates that it generated roughly $80 billion in operating profit during the third quarter of 2026, nearly nine times what it earned a year earlier and potentially the largest quarterly operating profit ever recorded by a technology company.
The World’s Oil Cushion Is Becoming “Scarily Thin”
Saudi Aramco has warned that the world’s oil inventories are becoming “scarily thin” after the Iran war removed billions of barrels of expected supply and forced governments and companies to draw heavily from emergency stocks.
Is Management Consulting Over? AI Is Coming for the Industry’s Entire Business Model
AI can already perform many of the tasks that once justified armies of junior consultants: research, analysis, financial modelling, coding, benchmarking and presentation building. Consulting firms are responding with smaller teams, slower graduate hiring and heavy investment in their own AI systems.
AI Has Attracted More Investment Than Almost Any Technology in History, Now It Has to Prove It Was Worth It
AI investment has reached extraordinary levels, with global corporate spending hitting nearly $582 billion in 2025 while technology companies commit hundreds of billions more to chips, data centers and power infrastructure.