Big Oil wants to help Big Tech power artificial intelligence data centers
Spencer Kimball CNBC December 15th, 2024 Exxon Mobil and Chevron are jumping into the race to power artificial intelligence data centers, as the two oil majors bet tech companies will ultimately turn to natural gas to meet their tremendous energy needs. Exxon unveiled plans this week to build a natural gas plant to power a data center. […]
Trump 2.0 Flatter and Fatter Distribution Outcome
Donald Trump’s First Term Accomplishments versus Second Term Opportunities: Less Levers to Pull Christopher Combs Chief Capital Market Strategist Silicon Valley Capital Partners Donald Trump’s second term as President of the United States begins under markedly different economic conditions than his first. The economic backdrop of January 2017 offered distinct advantages compared to January 2025, […]
How China is setting up shop in Mexico
Christine Murray, Nassos Stylianou, Irene de la Torre Arenas, and Dan Clark Financial Times December 15, 2024 On a recent Friday morning in Alianza Industrial Park, dust billowed up as diggers and lorries cleared land near a site for Chinese tyre maker ZC Rubber. A crane was poised to lift material for lithium and lead […]
US Services Activity Expands by Most in More Than Three Years
Vince Golle Bloomberg December 16, 2024 Activity at US service providers is expanding at the fastest pace since October 2021, providing momentum for the economy even as the downturn in manufacturing worsens. The S&P Global flash December index for service providers increased to 58.5 from 56.1. A figure exceeding 50 indicates expansion. The group’s composite […]
A Quarter of Your Retirement Fund Just Isn’t Keeping Up
Ben Eisen Wall Street Journal November 28, 2024 U.S. stocks have been euphoric lately—and they’ve left international stocks in the dust. The longtime performance gap between the two is widening. Since the end of 2009, an MSCI index tracking equities outside the U.S. has only topped the S&P 500 in two years, according to Dow […]
Does the European Union Unfairly Benefit from the United States’ Productivity and Output?
Christopher Combs Silicon Valley Capital Partners November 14, 2024 Historical Reasons for U.S. and E.U. Tariff Differences and Their Fairness Today The disparity in tariffs between the United States and the European Union has roots dating back to the post-World War II era. At that time, the U.S. was a dominant economic power and sought […]
US Money-Market Assets Surpass $7 Trillion for First Time Ever
Alexandra Harris Bloomberg November 14, 2024 US money-market funds now have more than $7 trillion in assets under management, a milestone for an industry that’s skyrocketed in popularity among investors thanks to its lofty and dependable yields. The total rose by roughly $91 billion in the week through Wednesday, putting it at a fresh record, […]
Apollo’s Kleinman Says ‘Open Your Eyes, Inflation Not Tamed’
Dani Burger Bloomberg November 12, 2024 Co-president says strong economy can fuel dealmaking Kleinman says market for individual savers is area of focus Scott Kleinman, co-president at Apollo Global Management Inc., has warned markets not to get too comfortable with the current trajectory of inflation and interest rates. “Inflation is not tamed,” Kleinman said in a […]
Fed to cut rates by 25 basis points on Sept. 18, twice more in 2024: Reuters poll
Indradip Ghosh Reuters September 11, 2024 The Federal Reserve will lower interest rates by 25 basis points at each of the U.S. central bank’s three remaining policy meetings in 2024, according to a majority of economists in a Reuters poll that found only nine of 101 expected a half-percentage-point cut next week. With inflation approaching […]
Larry Summers: 50 Basis Point Cut in September Was ‘A Mistake’
Max Zimmerman Bloomberg October 04, 2024 “With the benefit of hindsight, the 50 basis point cut in September was a mistake, though not one of great consequence,” Larry Summers says in a post on X. Employment report confirms suspicions we’re in a “high neutral rate environment” where monetary policy requires caution in rate cutting “No landing” and […]