AI Spending Lifts U.S. GDP to 2% as Consumer Spending Softens
Business investment, especially AI spending, was the main driver of first-quarter growth.
Latest Posts Latest Posts Latest Posts
Latest Posts Latest Posts Latest Posts
Latest
Page 16
Oil Holds Near $110 After Iran Shuts Strait of Hormuz and Cuts 14 Million Barrels a Day
JPMorgan said 580 million barrels in storage and tanker supply have offset about 8 million barrels a day of the shortage.
CFTC reviews nearly 1,500 comments as NBA calls for stricter prediction market oversight
The NBA asked the CFTC to tighten prediction market rules for players, officials and team staff to protect game integrity.
U.S. publicly held debt hits $31.265 trillion, equal to 100.2% of GDP
U.S. publicly held debt reached 100.2% of GDP on March 31, or $31.265 trillion versus $31.216 trillion in GDP.
Saudi Arabia’s PIF Plans to End LIV Golf Funding After 2026
Saudi Arabia’s Public Investment Fund plans to stop funding LIV Golf after this season, forcing the league to seek private capital.
U.S. Crude Inventories Drop 6.2 Million Barrels as Oil Rally Stays Muted
About 580 million barrels in storage and strategic releases have cushioned the shock, but analysts say the buffer is thinning.
NBA calls for stricter CFTC limits on sports prediction markets
The NBA asked the CFTC to tighten prediction market rules for players, officials and team staff.
U.S. public debt tops 100% of GDP at $31.27 trillion
Debt held by the public reached $31.27 trillion on March 31, edging above nominal GDP of $31.22 trillion.
U.S. GDP Grows 2% in First Quarter on AI Spending
Business investment rose on heavy AI spending, while consumer spending grew more slowly.
U.S. crude inventories fall 6.2 million barrels as oil stays lower
U.S. crude inventories fell 6.2 million barrels last week, while gasoline and distillate stockpiles also declined.
U.S. jobless claims fall to 189,000, lowest since 1969
Weekly U.S. jobless claims fell 26,000 to 189,000, the lowest level since 1969.
March PCE inflation rises 3.5% and keeps the Fed on hold
Core PCE climbed 0.3% on the month and 3.2% year over year, the Fed’s key policy gauge.