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Luke Vargas on WSJ What’s News
The IMF kept its 2026 global growth forecast at 3.1% but warned that growth is increasingly concentrated in high-tech economies such as South Korea and Taiwan. Thirty-two economies now account for 95% of global growth, while failed AI gains, borrowing costs, and deficits threaten a sharper slowdown.Luke Vargas on WSJ What’s News
Cybersecurity experts and hackers say the world’s estimated 1.2 billion internet-connected cameras can be hijacked for spying, including Russian surveillance allegations involving cameras near the Kerch Bridge and Ukraine aid. Artificial intelligence makes scanning cameras and passwords easier, while experts advise avoiding default passwords, changing them periodically, using devices with security updates, and controlling network access.Luke Vargas on WSJ What’s News
Utilities are struggling to determine which AI data-center power requests will become real projects, with research firm Wood Mackenzie finding only 23% are high confidence. Utilities are requiring longer commitments, larger upfront payments, and progress through a gating system to limit the risk of costly overbuilding.Luke Vargas on WSJ What’s News
Asian technology stocks sold off after Broadcom’s CEO told a conference in Singapore that many AI investors do not understand what they are buying. South Korean stocks led losses, and trading was temporarily halted on the Kospi as China’s CXMT unveiled a potentially more competitive chip.Luke Vargas on WSJ What’s News
Blackstone-backed data-center operator AirTrunk delayed its Singapore initial public offering amid uncertainty affecting AI-linked companies. NVIDIA-backed Firmus Grid and data-center company Vitro REIT also delayed listings, while AirTrunk may seek to list in the first or second quarter of next year.Luke Vargas on WSJ What’s News
President Trump is considering firing Kimberly Guilfoyle, the US ambassador to Greece, after a Wall Street Journal report said she asked a donor to cover personal expenses before her confirmation hearing. The State Department Office of the Inspector General is investigating whether she received gifts or favors from private businessmen.Luke Vargas on WSJ What’s News
Texas Attorney General Ken Paxton spent New Year’s Eve 2024 in Dubai with two US fugitives and a woman who was not his wife, according to The Wall Street Journal. One fugitive donated $190,000 to Paxton’s campaign, while senior advisor Nick Maddox said Paxton has been politically persecuted.