AS VOTE NEARS , TRUMP AI GAMBLE FUELS ECONOMIC UNCERTAINTY

What happened: Ahead of midterm elections, Trump dismissed AI safety concerns and rejected talks with China's Xi Jinping on AI guardrails, while vowing to expand a "golden age" of prosperity. Key numbers: Data center spending accounted for nearly all U.S. economic growth last winter and spring. The Nasdaq 100 has about 70% of its weight in AI-dependent companies. Inflation rose to 3.7% under Trump from 2.9%. Why it matters: Ray Dalio and Ken Griffin warn AI stocks are in a bubble, and economists say strained fiscal policy leaves fewer tools to respond to a crisis.

Ahead of midterm elections, Trump dismissed AI safety concerns and rejected talks with China's Xi Jinping on AI guardrails, while vowing to expand a "golden age" of prosperity.

Ray Dalio and Ken Griffin warn AI stocks are in a bubble, and economists say strained fiscal policy leaves fewer tools to respond to a crisis.