ABE NEWS

AI Is Starting to Affect Prices and Jobs — Now the Federal Reserve Is Paying Attention

  Artificial intelligence has spent the last few years changing one thing after another. First, it changed technology. Then it changed Wall Street. Then companies started spending hundreds of billions of dollars building the infrastructure needed to power it. Now AI is beginning to enter a place that could affect almost everyone: the Federal Reserve’s…

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Canada Rejects Latest U.S. Tariff Offer — An August 19 Deadline Is Getting Closer

 Canada and the United States are talking. But they still don’t have a deal. And with an August 19 tariff deadline getting closer, what looks like another disagreement between governments could soon become a much bigger issue for businesses, workers and consumers. Canadian officials are reportedly unhappy with Washington’s latest proposal to reduce tariffs, suggesting…

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Tech Stocks Push the S&P 500 to a New Record — Here’s What’s Driving the Rally

  Wall Street has spent much of 2026 worrying about three things: inflation. interest rates. and whether the AI boom has gone too far. On Thursday, investors got reasons to worry a little less. The S&P 500 climbed to a new intraday record, technology stocks moved higher, oil prices fell and fresh U.S. inflation data…

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The Premier League Is Saying Goodbye to Betting Sponsors — Who’s Taking Their Place?

  For years, betting companies became one of the most familiar sights in English football. Their names appeared across the front of Premier League shirts, placing gambling brands in front of millions of supporters watching matches around the world. But that era is changing. Beginning with the 2026/27 Premier League season, clubs have collectively stopped…

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Luxury Fashion Is Betting on Ballet — Here’s Why

  Luxury fashion has spent years competing for one increasingly difficult thing: attention. Brands have hired celebrities. They have paid influencers. They have staged enormous runway shows. They have flooded social media with campaigns designed to become the next viral moment. But some of the world’s biggest luxury names are now looking somewhere very different….

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🇰🇷 South Korea Wants to Land on the Moon by 2030 — But the Bigger Story Is Its Technology Bet

  South Korea wants to land on the Moon by 2030. That alone would be a major technological achievement. But the Moon may actually be the least important part of the story. South Korea has unveiled an ambitious national technology strategy covering quantum computing, nuclear energy, renewable energy, biotechnology, space, aviation and critical materials. The…

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Intel’s $20 Billion Comeback — Why the Chip Giant Is Betting Big Again

  For years, Intel was considered one of the world’s most dominant technology companies. Its processors powered millions of personal computers, data centres, and enterprise systems around the globe. Today, however, the company finds itself fighting to reclaim that position in an industry transformed by artificial intelligence. This week, Intel completed a nearly $20 billion…

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