Big Tech’s $400 Billion AI Spending Spree Just Got Wall Street’s Blessing
Microsoft joins Nvidia in $4 trillion market-cap club; Meta gets close to joining Google and Amazon in $2 trillion club July 31, 2025 9:00 pm ET By Rolfe Winkler, Nate Rattner and Sebastian Herrera The AI arms race is accelerating as the major tech companies add to their already gargantuan levels of spending. The bets are paying […]
Cooling Job Market Opens Door to September Cut Despite Inflation Jitters
A key question for the Fed will be whether the economy is weakening or whether the recent slowdown in job growth reflects temporary factors Aug. 1, 2025 11:07 am ET By Nick Timiraos The July jobs report could give Federal Reserve officials a sense of déjà vu. Last year, officials decided against cutting interest rates at […]
The U.S. Economy Is Regaining Its Swagger
Consumers spending again after spring’s tariff chill but some expect growth to be slow By Rachel Wolfe and Konrad Putzier July 20, 2025 9:00 pm ET When President Trump slapped tariffs on nations across the globe this spring, many economists feared higher prices and spending cuts would flatten the economy. Consumer sentiment collapsed. The S&P […]
US banks say consumers are ‘healthy’ despite economic uncertainty
JPMorgan Chase and Citigroup strike an upbeat tone on the economy and notch up strong trading results Joshua Franklin and Akila Quinio in New York Published Jul 15 2025 JPMorgan Chase and Citigroup struck an upbeat tone on the strength of US consumers, underscoring how the world’s biggest economy has remained resilient despite the effects […]
US banks say consumers are ‘healthy’ despite economic uncertainty
Joshua Franklin and Akila Quinio 7/15/2025 JPMorgan Chase and Citigroup struck an upbeat tone on the strength of US consumers, underscoring how the world’s biggest economy has remained resilient despite the effects of Donald Trump’s tariffs. The duo of Wall Street banks said there were signs that Americans’ financial footing was solid even as they […]
US customs duties top $100 billion for first time in a fiscal year
By David Lawder Reuters July 11, 2025 WASHINGTON, July 11 (Reuters) – U.S. customs duty collections surged again in June as President Donald Trump’s tariffs gained steam, topping $100 billion for the first time during a fiscal year and helping to produce a surprise $27 billion budget surplus for the month, the Treasury Department reported […]
Investors look for signs European earnings can defy tariff turmoil
Reuters – by Samuel Indyk and Lucy Raitano July 9, 202511:03 PM PDT Summary: STOXX 600 earnings forecast to fall 0.2% Tariff impact starting to be felt, focus on guidance Euro strength a possible headwind LONDON, July 10 (Reuters) – European investors are bracing for a pivotal second-quarter earnings season, which could offer the first meaningful insight […]
TSMC Revenue Climbs 39% in Latest Sign of AI Spending Boom
By Debby Wu 07/09/2025 22:41:09 [BN] Summary by Bloomberg AI Taiwan Semiconductor Manufacturing Co.’s revenue rose 39% in the June quarter, beating the average analyst projection. TSMC Chief Executive Officer C.C. Wei says AI chip demand still outstrips supply, and the company has pledged to spend $100 billion ramping up manufacturing. According to Charles Shum, analyst, TSMC […]
EU Rushes to Conclude Framework Trade Deal With US This Week
By Alberto Nardelli and Jorge Valero 07/07/2025 18:24:02 [BN] Summary by Bloomberg AI The European Union is seeking to conclude a preliminary trade deal with the US that would allow it to lock in a 10% tariff rate beyond an Aug. 1 deadline as they negotiate a permanent agreement. The EU is seeking an exemption from the 10% rate […]
Oracle, OpenAI Expand Stargate Deal for More US Data Centers
By Brody Ford and Rachel Metz 07/02/2025 12:07:40 Summary by Bloomberg AI OpenAI has agreed to rent a massive amount of computing power from Oracle Corp. data centers as part of its Stargate initiative. The rental will total about 4.5 gigawatts of data center power in the US, which could power millions of American homes. Oracle will develop […]