Updated Dec 26
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Elon Musk's Universal High Income: Inflation-Free Dream or Risky Gamble?
Elon Musk argues for a 'universal high income' to tackle AI-driven unemployment, claiming it won't spur inflation due to boosted productivity. Economist Steve Hanke questions this, citing historical booms with inflation. Builders should watch this space for its big implications on economic policies and tech impacts.
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Anthropic and OpenAI Eye Australia for Data Center Expansion: A Boon for ASX?
Major AI companies like Anthropic and OpenAI are considering significant investments in Australian data centers, offering a potential boon for the Australian Securities Exchange (ASX). This influx, driven by AI's demand for robust tech infrastructure, could bolster sectors like energy and property, historically flat in performance. By aligning with local firms, these tech giants might invigorate the ASX, providing a much-needed uplift in market dynamics.
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Gulf Conflict and Layoffs Squeeze Indian Wallets: A Shift Towards Essentials
As geopolitical tensions flare in the Gulf, coupled with layoffs, Indian consumers are cutting back on discretionary spending, focusing more on essentials. Despite high hopes for the wedding season to boost sales, uncertainty prevails with sectors like apparel, beauty, and snacks feeling the pinch. Companies are adjusting strategies, emphasizing value amidst rising crude oil costs and inflation pressure.
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