According to data from the U.S. Congressional Budget Office, the federal government is staring down a $1.9 trillion deficit for fiscal year 2025. The CBO notes that that's about 6.2% of the U.S. gross domestic product. "That's significantly more than the 3.8% that deficits have averaged over the past 50 years," the CBO notes.

Our base-case scenario (55% chance) remains the “Roaring 2020s.” Supporting that scenario: baby boomers are flush with wealth and are spending it. We regularly assess the subjective probabilities that we assign to these three scenarios: the Roaring 2020s (55%),

After plunging 17% on Monday, Nvidia climbed almost 9% as investors rushed in to buy this historic dip in shares of the top chip maker.

The Chinese company DeepSeek sent markets spiraling lower on fears over artificial-intelligence spending, but earnings season should steady the boat. Over the weekend, viral posts indicated that DeepSeek had recreated OpenAI’s technology in the form of its R1 model for only $6 million,

In this latest installment of Opening Bid, Jason Thomas of Carlyle weighed in on what the arrival of DeepSeek might imply for markets and its competitors like Nvidia.

Market mayhem ensued as China unveils a cheaper, better AI with DeepSeek. The selling seen in gold and silver seems to reflect a rush for liquidity to meet margin calls in other investments.