HeyJaredChris Price
- Indexed articles, last 90 days
- 11
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- Sep 28, 2026
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- Sep 1, 2026
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AI’s hidden $3tn bill could wreck the world economy - AOL (opens the original)
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In Adam McKay’s 2015 Oscar-winning film The Big Short, Christian Bale portrays Michael Burry, the offbeat hedge-fund manager who first spots cracks in the US subprime mortgage bubble. Burry is a well-known contrarian investor, nicknamed “Cassandra” by Warren Buffett for his oft-ignored warnings about lesser-spotted problems buried in the financial system. Now Burry has a new target in his sights: a $3tn (£2.6tn) bill he says is being hidden by AI companies which threatens to wreck the global eco
Tax rises ‘virtually inevitable’ after £8bn borrowing blow - AOL (opens the original)
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Tax rises are “virtually inevitable” after official figures showed the Treasury has borrowed £8bn more than expected so far this year. Economists said the Chancellor faced an “uncomfortable” Budget after the Office for National Statistics (ONS) said spending outstripped tax receipts by £18.3bn in August, £3.5bn more than expected. It means John Healey, the Chancellor, has borrowed £77.3bn so far this financial year, which is £8.1bn more than forecast.Reacting to the figures, Emma Reynolds, the C
Bond sell-off reignites as central banks raise interest rates - AOL (opens the original)
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Government borrowing costs surged worldwide on Friday after a string of central banks raised interest rates to tame surging inflation. The US Federal Reserve (Fed), the European Central Bank (ECB) and the Bank of Japan all raised rates in the past week, while the Bank of England signalled a likely increase in the near future. Markets reacted on Friday by driving up borrowing costs for Governments across major economies. The yield on 10-year US Treasury bonds, a benchmark for what governments pay
Interest rate increase ‘likely’, warns Bank of England - AOL (opens the original)
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Andrew Bailey has said that interest rates are likely to rise if the Middle East war rages on, warning inflation is now on course to hit 4pc. The Bank of England opted to hold borrowing costs at 3.75pc on Thursday, the sixth time in a row it has left them unchanged. However, the Governor said a “material” increase in energy prices since July would push up inflation to twice the Bank’s 2pc target. He warned the outlook for inflation “continues to be on the upside” and criticised the “seeming loss
Mortgages in Britain are being fuelled by US AI giants - AOL (opens the original)
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Millions of homeowners have received a nasty shock this year when they’ve come to renew their mortgage. Rates for five-year fixed deals have soared to 5.17pc, compared with 4.95pc in February, adding thousands of pounds to annual repayments for households. One reason is the Iran war, which has raised fears of higher inflation, driving up borrowing costs around the world. But while Donald Trump’s Middle East conflicts have played a part, events thousands of miles from the Middle East, in the Cali
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