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AI may well deliver the productivity boom its champions expect. The risk is that the economy has already begun borrowing against that future before the returns have been earned. The post Breitbart Business Digest: Is the AI Boom Becoming Too Much of a Good Thing? appeared first on Breitbart.

OilPrice

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Britain’s Borrowing Outlook Darkens as Energy Shock Deepens

Chancellor Rachel Reeves has been warned that government borrowing is set to spike as a result of the Iran war, as the Office for Budget Responsibility admitted it had underestimated the effects of the last energy price shock. In a review of its forecasting models, the OBR suggested it had learned lessons from Russia’s full-scale invasion of Ukraine, which led to gas prices rising by around five times. It said the overall impact on public finances “was to significantly increase government borrowing and debt” despite…

Business Insider

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Trump's major student-loan changes for millions of borrowers are a month away

From new repayment plans to borrowing caps, millions of federal student-loan borrowers will start to see key changes beginning in July.

CNBC Top News

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Student loan borrowing is 'high stakes' as new rules take effect on July 1, CFP says. What to know

Experts say that student loan borrowers should proceed with caution when taking on more debt or consolidating after July 1, due to upcoming changes.

Canada to buy Polish drones, deepen defense ties by leveraging EU SAFE funds

In December, Canada became the only non-European country to gain entry into the €150 billion SAFE defense borrowing and procurement scheme.

Treasury yields fall as investors remain optimistic on Iran peace deal prospects despite U.S. strikes

The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — fell more than 2 basis points to 4.465%.

Breitbart

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Party of Workers: Farage's Reform UK Vows to Cut Tax on Overtime

Borrowing a page from the political playbook of U.S President Donald Trump, Reform UK leader Nigel Farage has vowed to scrap tax on overtime as his party seeks to cement itself as the "true party of the workers" in Britain. The post Party of Workers: Farage’s Reform UK Vows to Cut Tax on Overtime appeared first on Breitbart.

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