ICE is spending millions on ads to recruit new agents
The Trump administration is spending millions on advertisements aimed at recruiting new U.S. Immigration and Customs Enforcement agents. The ads are so widespread that TV viewers and…
Tag
Spending
Oracle shares drop the most since 2001 on mounting AI spending
The stock has already lost about a third of its value through Wednesday’s close since a record high on Sep 10 Oracle shares fell the most in more than 24 years after the company reported a…
S&P 500, Nasdaq opens lower on Oracle AI spending jitters
The S&P 500 and the Nasdaq opened lower on Thursday (Dec 11) as fresh worries over Oracle’s hefty AI spending plans overshadow optimism over a less hawkish tone from the Federal Reserve.…
Supreme Court grapples with limits on campaign spending by political party committees
Supreme Court justices grappled Tuesday with whether to topple another domino in campaign finance restrictions -- this one a limit on political party committees being able to coordinate…
5 questions about Pentagon tech modernization and defense spending
Congress is pushing to overhaul the military's slow procurement process to allow faster adoption of cutting-edge technology such as artificial intelligence and autonomous systems. Source…
Brad Raffensperger sues to win more campaign spending power in Georgia governor race
Secretary of State Brad Raffensperger is the latest Republican candidate for Georgia governor to attack campaign finance rules, saying they unconstitutionally limit his free speech while…
Fed’s favorite inflation indicator stayed elevated in September as spending weakened
The Federal Reserve’s preferred measure of inflation changed little in September, likely easing the way to a widely expected interest rate cut by the central bank next week. Prices rose…
Judge blocks Trump firings at State Department, says spending bill prohibits cuts right now
A federal judge put a stop to the State Department's plans to fire some employees, ruling late Thursday that the new stopgap spending law passed by Congress to end the shutdown last month…
The Budget Crunch Is Coming. States Must Adjust Their Spending Accordingly
The trend toward budget shortfalls is unmistakable. Source link
Retail sales rose slightly in September as Americans pulled back on spending
Sales at U.S. retailers and restaurants increased modestly in September as resilient consumers moderated their spending after splurging over the summer. Sales rose 0.2% in September from…
VinFast’s quarterly loss widens on hefty spending
The company signed two loan facilities during the quarter, totaling US$250 million — Vietnam’s VinFast reported a bigger third-quarter net…
Google is spending $40 billion to build 3 new data centers in Texas
Google has 44 data centers in operation or in development around the world, but as demand for AI and the need for compute capacity grows, the company is getting started on three more. This…
Nvidia’s upbeat forecast soothes fears of AI spending bubble
The company’s results have become a barometer for the health of the AI industry Nvidia Corp, the world’s most valuable company, gave a strong revenue forecast for the current period,…
Meta’s AI spending spree has even the most bullish stock analysts wondering: How much capex is too much?
Meta Platforms has been spending too aggressively on artificial intelligence (AI) infrastructure and that will affect the tech giant’s profitability, according to a new investor note from…
Baidu posts worst sales fall on record despite major AI spending
The results underscore the Internet search leader is losing ad business to rivals while struggling to compete in a crowded AI field Baidu posted its biggest quarterly revenue slide on…
Senate passes spending package to reopen government; House up next
The Senate on Monday night passed a spending package to reopen the government through at least January, after Republicans won a figurative staring contest over an unrelated extension of…
CSE Global issues 63 million warrants to Amazon unit, tied to US$1.5 billion spending target
Mainboard-listed systems integrator CSE Global has entered into an agreement to issue 62,968,580 new warrants to a wholly owned subsidiary of Amazon. The warrants will be issued to Amazon…
AI isn’t replacing jobs. AI spending is
For decades now, we have been told that artificial intelligence systems will soon replace human workers. Sixty years ago, for example, Herbert Simon, who received a Nobel Prize in…
NRF Holiday Forecast: 2025 Spending Will Surpass $1 Trillion for First Time
Despite widespread economic concern, the National Retail Federation’s holiday forecast is bright. The retail trade organization said Thursday that retail sales will surpass $1 trillion for…
After China’s long retail downturn, CEOs see consumer spending coming back
Several North American and European companies have posted positive results in the Asian nation in recent weeks Top executives at Western brands that do business in China are showing…
Tech giants test investors’ patience with AI spending spree
Alphabet, Meta Platforms and Microsoft, together have racked up some US$78 billion in capital expenditures last quarter The largest technology companies are betting on an artificial…
Meta, Google, and Microsoft Triple Down on AI Spending
While Microsoft didn’t offer a specific forecast for its AI capital expenditures for the next quarter or coming year, the company’s chief financial officer, Amy Hood, said that the…
Microsoft‘s massive AI spending draws investor concerns as cloud business booms
MICROSOFT’S spending on artificial intelligence infrastructure soared to a record of nearly US$35 billion in the September quarter, deepening investor concerns about the mounting costs of…
Buybacks take backseat as AI drives record US capex spending
INVESTORS are increasingly favouring US companies that channel capital towards AI innovation over those offering traditional shareholder payouts such as dividends and buybacks, even as the…