Economy
In-depth coverage of economic shifts, trade agreements, industrial developments, local markets, and financial trends in Armenia and globally.
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Micron Shares Slide As Chinese Rival CXMT Targets Data Center DRAM Market
Micron Technology shares dropped 4.17% following reports that China’s CXMT claimed a DRAM breakthrough with a 4F2 data center chip design slated for year-end.
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U.S. Regulator Blasts Major Banks Over Political Debanking Practices
A federal investigation found that the nation’s nine largest banks engaged in debanking customers over political and religious views.
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Social Security Announces 3.6% COLA for 2027 Amid Inflationary Pressures
The Social Security Administration has announced a 3.6% cost-of-living adjustment for 2027 to address inflation driven by rising energy costs.
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Fannie Mae Sharply Raises 2027 Mortgage Rate Forecast Amid Inflation Pressures
Fannie Mae sharply raised its 2027 mortgage rate forecast to 7.5 percent, as persistent inflation and rising Treasury yields keep borrowing costs elevated.
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CoreWeave Shares Tumble as Investors Question AI Infrastructure Debt
CoreWeave shares fell 16% as bond yields neared 15%, reflecting broader market anxiety over the heavy corporate borrowing fueling the AI infrastructure build-out.
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BlackRock CEO Warns Data Center Moratorium Risks U.S. Economic Downturn
BlackRock CEO Larry Fink warns that halting U.S. data center projects could spark a recession, as AI infrastructure is now vital to national economic growth.
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Berkshire Hathaway Expands Stake in Serial Acquirer Bending Spoons
Berkshire Hathaway invested $330 million more into Bending Spoons, driving the tech firm’s stock up 35% as acquisitions continue.
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US Stocks Slip and Yields Jump After September Inflation Overoots Forecasts
US stocks pulled back and Treasury yields jumped after September consumer inflation hit 3.7%, reviving expectations for Federal Reserve rate hikes.
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Morgan Stanley Posts Q3 Profit Beat as Equities Surge Past Estimates
Morgan Stanley reported a Q3 profit beat driven by a 41% surge in equities trading revenue, though shares slipped amid broader market pressures.
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Federal Banking Probe Exposes Systematic Account Closures Targeting Conservative Groups
An OCC probe reveals major U.S. banks systematically closed accounts of conservative and religious groups, triggering a formal federal investigation into political bias.
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ASML Raises Annual Forecast on Unabated AI Demand Despite Minor Third-Quarter Revenue Miss
ASML raised its annual revenue forecast for the third time amid surging AI demand, even as a minor third-quarter sales miss triggered a broader chip stock pullback.
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Energy Surge Drives September Inflation to 3.7% as Rate Hike Odds Shift
Surging gas and energy costs pushed September annual inflation to 3.7%, driving persistent cost pressures and shifting Federal Reserve rate hike odds.
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U.S. Inflation Accelerates as Fuel Costs Drive Economic Strain
U.S. inflation climbed to 3.4% in August as surging fuel costs and rising service prices heighten economic strain, forcing the Fed toward a rate hike.
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ASML Raises 2026 Sales Forecast As Chip Tool Demand Surpasses Output Capacity
ASML Holding NV boosted its 2026 sales forecast to €44 billion and €45 billion, but warned current capacity cannot fully meet demand through 2028.
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UnitedHealth Posts Q3 Earnings Beat as Turnaround Strategy Drives Margin Recovery
UnitedHealth Group beat Q3 2026 earnings expectations with $4.69 per share and raised its full-year outlook as a turnaround strategy improved profit margins.