Author: arthursheikin@gmail.com
[ad_1] Data center construction spend in the US hit a record high of $40 billion a year in June, Bank of America Global Research said in a new report issued this month.The report cited data from the US Census Bureau and noted that the new spending level is a 28% increase from the previous year.Amazon, Microsoft, Google, and Meta are leading the charge with sweeping expansion plans that could total more than $1 trillion in capital expenditures over the next few years. Bank of America estimates the companies will spend a combined $385 billion annually on AI infrastructure between 2025…
[ad_1] Microsoft executives explained why the company is mandating a stricter return-to-office policy during an all-employee town hall on Thursday, citing internal data that showed employees with more in-office time are “thriving.”CEO Satya Nadella said the company observed through the pandemic that an “unintended consequence” of remote work was that social ties are “necessary for innovation,” according to internal comments at the town hall, reviewed by Business Insider.”Weak ties, you know, become weaker, stronger ties become stronger, and new ties are tough to form, right? That’s it,” Nadella said to employees on Thursday. “If you think of it as a…
[ad_1] The FTC announced on Thursday that it is launching an inquiry into seven tech companies that make AI chatbot companion products for minors: Alphabet, CharacterAI, Instagram, Meta, OpenAI, Snap, and xAI. The federal regulator seeks to learn how these companies are evaluating the safety and monetization of chatbot companions, how they try to limit negative impacts on children and teens, and if parents are made aware of potential risks. This technology has proven controversial for its poor outcomes for child users. OpenAI and Character.AI face lawsuits from the families of children who died by suicide after being encouraged to…
[ad_1] JPMorgan is highlighting a fresh batch of “meme stocks” that could be ripe for sudden swings as retail investors and hedge funds pile in from opposite sides of the trade. The Wall Street firm identified four stocks that are drawing heavy attention on social media, with retail investors showing strong buying interest. These names also have elevated short interest from hedge funds’ bearish bets. “We are flagging a few stocks that are heavily mentioned on Social Media and have high Retail buying as well as high Hedge fund Shorting,” JPMorgan said in a note to clients. “These stocks may…
[ad_1] (PRO Views are exclusive to PRO subscribers, giving them insight on the news of the day direct from a real investing pro. See the full discussion above.) The stock market just got through two big hurdles this week in the producer prices and consumer prices reports, and is now rallying into a Wednesday Federal Reserve decision in which the central bank is expected to cut rates by at least a quarter point. Investor Tim Seymour is looking for pockets of unloved stocks to scoop up during this window before the Fed decision, in anticipation of a broadening of the…
[ad_1] Stocks such as H.B. Fuller and Wyndham Hotels & Resorts that have a high proportion of floating rate debt on their balance sheets could win big once short-term interest rates come down. Data pointing to a potentially weaker economy — initial jobless claims this week and August payrolls last week — briefly drove down the 10-year Treasury yield to 4.00% on Thursday, the lowest since higher tariffs were announced in April. Now the market is pricing in an 89% probability that the Federal Reserve will lower its benchmark federal funds rate a quarter percentage point at a policy meeting…
[ad_1] My husband and I were both born in the US, but for the last decade, we’ve worked remotely, living abroad in countries like Mexico and South Korea.We always had a longtime dream, though, of ending up in Europe.Five months after having our daughter, we decided on Portugal, which offered a digital nomad visa and proximity to tons of European countries.Though we never dreamed of living in Portugal, specifically, we expected to love living there. We envisioned ourselves sipping on local wine by the beach while our infant daughter played in the sand, going on long walks through cobblestone streets,…
[ad_1] 2025-09-11T16:00:06Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Mortgage rates are flashing a positive signal for prospective homebuyers. Rates on the 30-year and 15-year fixed mortgages fell to their lowest level in about a year. Financing activity also picked up significantly in the last week. The frozen housing market just flashed one of its most promising…
[ad_1] (This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — The housing market has been in a depression ever since the Federal Reserve embarked upon one of its most aggressive hiking cycles ever, beginning at the end of 2021. So long as short-term rates have been held high, it’s been a significant impediment for investments in the space. It’s not that home prices have been problematic. The issue is that millions of Americans have locked in mortgages at rates so low that moving makes no…
[ad_1] 2025-09-11T15:15:35Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. We asked 8 tech executives to weigh in on whether “learn to code” is still good advice in the AI era. Okta’s CEO said the idea that everyone needs to learn to code is “laughable.” Others, like Google’s head of research, said learning the basics is still valuable.…