Wall Street’s attention this week is really focused on only one thing: Nvidia’s quarterly results. To set the stage, the big tech companies at the forefront of AI (the “hyperscalers”) were expected to invest $522 billion this year coming into earnings season. They’re now projected to spend $642 billion, over 23% more than initially estimated…Read more
New technologies like artificial intelligence and electric vehicles are already leading to higher demand for electricity, weighing on America’s stretched power grid. Now the White House is taking steps to increase power line capacity and bring the grid into the 21st century. Energy Overhaul In October, the U.S. Department of Energy launched a near $3.5…Read more
More jobs, more problems? Nah. The U.S. economy has defied many a forecast in the post-pandemic era. Job growth, for example, was meant to moderate but the September employment report blew right past expectations. Are we going to get a repeat of that this week? It’s jobs week, which means we’ll get the ADP Employment…Read more
