A message from the violent swings in stock markets over the past week: The fallout from an artificial-intelligence bust wouldn't stop at the U.S.'s shores.
The AI build-out has been an engine of growth not just for the U.S. this year but for the whole global economy. Squeezed by the energy crunch caused by the Iran war, the world has relied heavily on U.S. data-center investment to power otherwise lackluster growth.
Global trade has thrived as Asian economies such as China, Taiwan and South Korea have enjoyed booming exports of computer chips, server racks and electronic equipment to feed ravenous demand for computing power in the U.S.
The Silicon Valley bounty is spreading as other economies join the party. Assembly hubs such as Vietnam and Mexico are seeing exports take off. Malaysia, Thailand and Australia are building data centers of their own. Europe's industrial giants are supplying the power and cooling systems that make the AI revolution possible.
Below, some of the best analysis and insight from WSJ writers and columnists, the Dow Jones Newswires team and occasionally beyond, on investing, the wealth-management business and more.
Planning & Investing
Kraft Heinz Has a Comeback Plan: Cheesy Ramen and High-Protein Jell-O
Packaged-food giant is stepping up investments in new products to bring life to aging brands.
Market Talk
From Dow Jones Newswires
Cleveland Fed President Beth Hammack says she prefers "smaller, steadier movements" in monetary policy because they make it easier for businesses and households to plan. Hammack says she does not think the Fed is behind the curve, but adds that if it were, sharper action might need to be considered when taking questions in Ohio. Hammack adds that she will enter the December meeting with an open mind. (jessica.coacci@wsj.com)
The rise of artificial intelligence could bring about serious short-term disruptions in the labor market, Fed governor Michael Barr says at an event at Yale University. The extent of that disruption, should AI prove capable of displacing humans, would depend on society's reaction, he says. It would need to invest in new job creation and worker training, connecting workers to new jobs and otherwise mitigating adverse effects for the long term, Barr says. "Now is the time for society to begin to consider how to address these potential challenges - while AI adoption is in its relatively early stages," he says. (dean.seal@wsj.com)
Barron's Advisor
The AI Trade Hits Turbulence. What Investment Pros Think of It Now.
AI stocks have hit serious road bumps followed by surprising rallies. Here's how investment advisers are managing the increased volatility.
Business & Practice
Big Tech Wants Everyone to Use an AI Agent. But Who Shoulders the Cost?
These online helpers have such pricey computing needs, companies are only offering them to premium customers, or limiting who can access them.
Impact Investing
The 31-Year-Old Trader Who Called Out Jensen Huang's 'China Problem'-and Shorted Nvidia
For six months, no one really noticed Culper Research's report. All that changed this week.
Talking Points
Companies Dole Out Mega Paydays and Luxury Trips to Compete for AI Talent
While tech workers have borne the brunt of recent layoffs, certain corners of the sector are recruiting aggressively.
Travel & Lifestyle
Your Dog Is Too Fat: Why Everyone at the Vet's Office Is at Each Other's Throats
Tensions are rising as pets become more pampered, prices skyrocket and vets have to deliver harsh news; 'she should have a waist'
Beyond the Newsroom
WSJ | Buy Side: Best Auto-Refinance Rates and Loans of 2026