Companies making the largest AI investments grew employment by roughly 10% more than otherwise similar companies that hadn’t yet adopted AI.
Companies making the largest AI investments grew employment by roughly 10% more than otherwise similar companies that hadn’t yet adopted AI.
Forward markets are currently pricing in roughly 1.5 rate hikes by the end of Q1 2027.
Marriott has started putting Coca-Cola Co. products in its properties, replacing a longtime partnership with PepsiCo. Marriott expects to continue rolling out Coke products in guest rooms, restaurants and meeting spaces over the next several months.
Gold fell 13% to $4,022.90 a troy ounce over the past three months, marking its biggest quarterly decline since 2013. Silver dropped 20% to $59.48, its worst quarter since 2020.
The S&P 500 is up 14% and the Nasdaq has jumped 20%—the biggest quarterly rallies for both since the second quarter of 2020.
Welltower spent more than $40 billion over six years to acquire tens of thousands of senior-housing units and now owns more than 2,500 senior-living communities, the most of anyone in the industry. Welltower’s market value has increased close to sevenfold to about $160 billion since 2020, making it the world’s largest publicly traded real-estate company.
Those who bought homes since 2022 now collectively pay an estimated $65 billion annually in avoidable mortgage costs. People with higher incomes and who are older are often the ones paying the steepest price.
Capital spending by five hyperscalers will be an estimated $741 billion this year, up nearly 75% from last year, fueling demand for resources. Economists expect the AI build-out to add to inflation over the next year.
The dominance of the U.S. dollar, currently used in roughly 80% of international trade finance, has historically given Washington a big advantage in policing global business. Most international transactions denominated in U.S. dollars must be settled by American banks, giving Washington the ability to monitor them—and cut off users’ dollars if necessary, crippling their operations. But when U.S. adversaries use yuan to run their businesses, the transactions don’t enter the U.S.-led banking system, neutering Washington’s powers.
The Trump administration’s Energy Department plans to offer $17.5 billion in low-interest loans for utilities to finance Westinghouse AP1000 nuclear reactors. The loans aim to speed up construction of 10 reactors in the U.S. by up to three years, with new AP1000s potentially online by 2035.