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Business and economy. The Stargate Project. Donald Trump unveils "the largest AI infrastructure project in history," a $500 billion joint venture between OpenAI, Oracle, and SoftBank, called Stargate. The project aims to build data centers and computing infrastructure across the United States to power AI development and create over 100,000 jobs.
By comparison, the S&P 500 traded at 17 times forward earnings when Trump first became president in 2017, and the multiple generally stayed below 18 until the COVID-19 pandemic hit the economy ...
That could provide a potential early economic win for Trump in his presidency after voters' concerns over inflation helped propel him to victory in the 2024 election. Oil prices declined 3% in ...
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The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
The COVID-19 recession was a major global economic crisis which has caused both a recession in some nations, and in others a depression. It is currently the worst global economic crisis in history, surpassing the impact of the Great Depression. The economic crisis began due to the economic consequences of the ongoing COVID-19 pandemic.