For this year’s first quarter, cloud service providers Amazon, Google, Microsoft, and Meta collectively reported a record $130.65 billion in capital expenditures, mostly on AI infrastructure, according to their financial disclosures.
Tag: U.S. Economy
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DIVIDED FED COMMITTEE HOLDS INTEREST RATES FIRM
Last week, the U.S. Federal Reserve’s Open Market Committee voted for a third consecutive time to hold the bank’s key interest rates at 3.75 percent for loans and 3.50 percent on deposits.
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U.S. WEALTH INEQUALITY IS WORSENING, STUDY FINDS
In 2025, pay for corporate CEOs grew 20 times faster than wages for workers, according to a report published last week by Oxfam and the International Trade Union Confederation.
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U.S. INFLATION REACHED 3.3 PERCENT IN MARCH WHILE GROWTH SLOWED
In March, U.S. inflation jumped 0.5 percent from February to an annual rate of 3.3 percent, the U.S. commerce department reported. Core inflation – which filters out the costs of energy and food – rose to an annual rate of 2.6 percent, according to the U.S. Bureau of Labor Statistics.
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U.S. DEBT NOW EXCEEDS GDP
As of 31 March, debt owed by the U.S. federal government exceeded the total value of the entire U.S. economy.
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MORTGAGE RATES IN U.S. INCREASE AMID IRAN WAR STALEMATE
The average rate on a 30-year fixed mortgage in the U.S. increased earlier last week after President Donald Trump announced that the U.S. naval blockade outside the Strait of Hormuz will stay in place until there is a suitable agreement with Iran to end the war.
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ECONOMIC UPDATE
As we keep noting by the facts; there is no relationship between Wall Street and Main Street, and by the facts and statements made by President Trump and his administration, they keep doing all they can to rig the equity markets.
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SPOTLIGHT: THE U.S HOUSING MARKET
Construction began in March on 1.502 million new homes in the U.S., a 10.8-percent increase from February, when housing starts declined by 3 percent to 1.356 million, the U.S. commerce department reported.
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ORACLE’S MASSIVE LOAN OBLIGATIONS CRIMP FUTURE BORROWING
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.
