OSAIC chief market strategist Phil Blancato discusses an incoming anticipated September slump in the market and where investors should look now on 'Making Money.' #fox #foxbusiness #media #breakingnews #us #usa #new #news #breaking #makingmoney #market #markets #stockmarket #stocks #investing #investors #investment #economy #finance #money #technology #tech #portfolio #wallstreet #business #september
Treasury data showed that the national debt is now $40,,047,425,768,420.22, with $32.26 trillion being held by the public and $7.78 trillion held by intragovernmental holdings.
The federal debt reached $40 trillion as the government adds red ink at a rapid rate. That's leading nervous investors to demand higher interest rates —pushing up borrowing costs for everyone else.
Data: BIS ; Chart: Danielle Alberti/Axios Today's AI buildout resembles earlier technological revolutions and capital booms that ended in painful busts. - That's the new warning from the Bank for International Settlements, a top forum known as the "central bank for central banks." Why it matters: The technological revolutions that transform the economy have a long history of attracting more investment than what near-term returns justify. - The risk is that AI follows the same pattern at a moment when the global economy is unusually reliant on a single investment boom to keep the expansion on track. Flashback: Some of the world's greatest technological breakthroughs — canals, railroads, the internet — sparked enormous investment…
