After signing a $300-billion contract to provide cloud services to OpenAI, Oracle has committed so much money to leasing data centers that it has limited its own ability to borrow much more, The Wall Street Journal reported.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Apr 28 2026
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DESPITE WAR, CORPORATE EARNINGS GROWTH “EXCEPTIONAL”
With the Iran War unsettled and consumers mired in gloom, U.S. corporations are piling up profits as fast as ever.
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U.S. CONSUMER SENTIMENT TANKS IN APRIL
U.S. households have never been as glum about the state of the economy as they were in April, according to the University of Michigan’s monthly survey of consumer sentiment.
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MARKET OVERVIEW
Once again last week, investors put their faith in new reports that peace talks between the U.S. and Iran were being planned.
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ECONOMIC UPDATE
As we have detailed with facts and data since Israel and the United States launched the Iran War two months ago, equity markets go up and oil prices go down following President Donald Trump’s statements – which have been proven false – that the U.S. defeated Iran and/or there is a ceasefire deal.