BREAKING: SpaceX, $SPCX, is in talks with banks and investors to raise $40 billion of debt to buy chips from Nvidia amid "insatiable demand" among AI developers, per Bloomberg.
The company is seeking to raise about $10 billion in bank loans and $30 billion in investment-grade debt to pay for the chips.
The AI Revolution is even stronger than most people realize.
Germany’s AfD Wins First State Parliament Presidency As It Eyes Government
Tobias Rausch won Saxony-Anhalt’s parliamentary presidency with 48 votes, exceeding the AfD’s 39 seats, ahead of a December bid to elect Germany’s first AfD state premier.
clashreport.com/world/articl…
US President Donald Trump says in a Truth Social post that migration in France is “out of control”, adding that the issue goes beyond schools and accusing Islam of seeking to “take over” the country.
At least 74,243 Palestinians have been killed and 175,232 injured since October 7, 2023, the beginning of Israel’s genocide in Gaza.
🔴 LIVE updates: aje.news/x7vu51
At least 74,243 Palestinians have been killed and 175,232 injured since October 7, 2023, the beginning of Israel’s genocide in Gaza.
🔴 LIVE updates: aje.news/x7vu51
BREAKING: The US economy has now experienced 78 consecutive months of expansion, the 6th-longest business cycle since 1854.
This is well above the long-term average of ~49 months and the median of ~38 months.
By comparison, the longest period without a recession was between 2009 and 2020, at 128 months.
All 5 of the most recent US expansions rank among the 7 longest economic growth periods since business cycle dating began in 1854.
Unconventional monetary policy, historically large budget deficits, alongside the AI investment boom, appear to be extending the duration of business cycles.
The data says the US economy is remarkably strong.