Megacaps Plan $650 Billion in AI Spending as Earnings Hold Up
Meta lifted its 2026 capex estimate to $125 billion to $145 billion, deepening investor focus on AI costs.
1 min read
Ben Carter
Ben Carter is a staff writer at P&L, covering markets, dealmaking, and public companies. He previously worked in equity research, focusing on valuation, earnings, and IPOs.
Bank of Canada Says Housing Will Cut Canadian GDP Growth by 0.1 Points
The Bank of Canada now expects housing to subtract 0.1 percentage points from GDP growth this year, after forecasting a 0.2-point boost in January.
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Fed Holds Rates at 3.5% to 3.75% as Four Officials Dissent
Jerome Powell said he plans to stay on the Fed’s Board after his chair term ends in mid-May, pending the building-renovation probe.
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Powell ties Fed rate cuts to easing energy and tariff shocks
Powell said the Fed wants to see the full impact of energy and tariff shocks before considering cuts.
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Meta Shares Fall as Alphabet, Microsoft and Amazon Deliver Double-Digit Cloud Gains
Meta raised capex guidance to $125 billion to $145 billion, and its stock fell more than 5% after hours.
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Big Tech Earnings Show AI Revenue Growth as $650 Billion Capex Looms
Amazon, Alphabet and Microsoft posted double-digit cloud growth as AI demand kept turning into revenue.
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Bank of Canada Warns Oil Prices Could Force Rate Hikes as Inflation Jumps
The Bank of Canada held its policy rate at 2.25% for a fourth straight meeting.
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Fed holds rates steady at 3.5% to 3.75% with four dissenters
Four officials dissented, the most since 1992, with Stephen Miran favoring a quarter-point cut and three others objecting to future-cut language.
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Ackman Launches Two NYSE Vehicles in Pershing Square's $5 Billion IPO
Pershing Square’s combined IPO raised $5 billion, pricing at the low end of its target range.
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UAE Leaves OPEC as Iran War Raises Risk to Gulf Oil Exports
The UAE said April 28 it would leave OPEC after nearly six decades, while promising any extra output would come gradually with demand.
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Fed holds rates at 3.5% to 3.75% in 8-4 split as Powell stays on board
The Fed held rates at 3.5% to 3.75% in an 8-4 vote, the biggest split since 1992.
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Washington Weighs Market Economy Status for Vietnam in Trade Cases
U.S. market-economy recognition would change how Washington handles Vietnamese exports in anti-dumping cases, where nonmarket status can bring harsher penalties.
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