The debt load taken on by AI hyperscalers is becoming increasingly risky, according to something called the Altman Z-Score, a key measure of risk associated with corporate debt.
Tag: U.S. Economy
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MORTGAGE RATES HIGHEST IN A YEAR
During the week of 31 July, the U.S. national average mortgage interest rate on a 30-year, fixed-rate loan rose to 6.66 percent from 6.58 percent the week before, the Federal Home Loan Mortgage Corp. reported.
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U.S. GOVERNMENT BORROWING COST IS HIGHEST SINCE 2007
On 30 July, the interest rate the U.S. government paid on its 30-year bond edged up 0.14 of a percentage point to about 5.25 percent, its highest in 19 years.
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A KEY MEASURE OF CONSUMER CONFIDENCE DECLINED IN JULY
American consumers were less confident about current economic conditions in July than they were in June, according to the latest monthly survey from The Conference Board.
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U.S. OIL AND GASOLINE RESERVES ARE “PRECARIOUSLY LOW”
Commercial crude oil reserves dropped by 7.2 million barrels during the week ending 24 July and last month the U.S. Strategic Petroleum Reserve (SPR) went down another 3.8 million barrels as U.S. refineries continued running at between 97 and 100 percent of capacity.
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U.S. ECONOMIC GROWTH SLOWS TO 1.5 PERCENT IN SECOND QUARTER
The U.S. GDP expanded by 1.5 percent across April, May, and June, falling far short of the first quarter’s 2.1-percent growth and missing analysts’ expectations in a Bloomberg survey of a 2-percent bump.
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ECONOMIC UPDATE
What a difference a day makes. Last week, as he has said scores of times, President Trump threatened that if Iran did not agree to a ceasefire deal, it would be bombs away saying, “We were going to hit them very hard.”
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U.S. GROCERY PRICES UP 33 PERCENT SINCE 2018
U.S. grocery prices have risen by a third in the past seven years, the Bureau of Labor Statistics (BLS) reported.
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MARKET OVERVIEW
Last week’s renewed fighting along the Persian Gulf boosted oil prices, leaving investors uncertain.
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THE NEW RICH REDEFINE LUXURY SPENDING
In the past, old wealth spent big on five-figure dresses and Coach leather goods.