Major tech firms will spend more than $200 billion this year on capital projects and even more in 2025 to build infrastructure for artificial intelligence (AI), according to their announced plans.
Tag: U.S. economy
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ECONOMIC UPDATE – MARKET OVERVIEW
When you listen to the mainstream media, the future of the U.S. equity markets and the nation’s economy will all depend on who wins today’s race for the White House.
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ONLY 12,000 NEW U.S. JOBS IN OCTOBER
The U.S. economy created only 12,000 additional jobs in October as the strike at Boeing combined with businesses shut down by two hurricanes to crimp demand for labor, analysts said.
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U.S. HOME SALES DECLINED IN SEPTEMBER
In September, sales of previously owned homes dipped 1 percent below August’s number and 3.5 percent year over year, the National Association of Realtors reported.
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SPOTLIGHT: BIGS GETTING BIGGER
Private equity firm KKR is paying $3.17 billion for 25 percent of Enilive, a biorefining subsidiary of Eni, the Italian national energy company.
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AMERICANS ARE DRINKING LESS THIS YEAR
Sales of spirits in the U.S. this year through July fell 3 percent below last year’s volume, according to industry data service IWSR.
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ECONOMIC UPDATE – MARKET OVERVIEW
As we have long noted, there is absolutely no connection between Wall Street and Main Street. They are two different worlds. The equity markets keep going up as most of the global economy goes down.
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WHY U.S. INFLATION IS STILL A PROBLEM
Top-line inflation in the U.S. fell to 2.4 percent in September. Goldman Sachs analysts are speculating that the number could be rounded down to the U.S. Federal Reserve’s 2-percent target when the Bureau of Economic Analysis releases the updated Personal Consumption Expenditures Price Index on 31 October.
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STRAPPED CORPORATE BORROWERS DEFER PAYMENTS TO CONSERVE CASH
Companies that have borrowed from private credit funds and now face a financial squeeze are using a tactic called “payment in kind” (PIK) to skip their payments and conserve their cash.
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HEALTH INSURANCE COSTS ROSE 7 PERCENT IN LAST 12 MONTHS
Inflation may be easing, but the cost of health insurance is still on the rise.