Real spending on data centers and other information-processing equipment hit 752 billion dollars in the second quarter, edging past the 748 billion spent on housing, the first time that has happened in a series the government has tracked since the early 1950s.
The small-business health benefits startup hit a $2.7 billion valuation this month, but $400 million of the headline figure is a tender offer buying out existing shareholders, not new cash for the company. A quieter number in the same release, a premium gap of 5 to 7 percent versus an 18 percent industry median, matters more to actual employers.
Treasury Secretary Scott Bessent met China's Vice Premier He Lifeng in New York on September 20, four days before a Washington summit, with a trade truce, AI guardrails and rare earths all on the table and expectations for a breakthrough low.
The nationwide average broke a four-year-old high on September 18, gasoline is up $1.53 since the Iran war began, and Bank of America says a durable deal before the midterms is unlikely.
The homebuilder's third-quarter results show what it now costs to keep selling houses: a 52 percent profit drop, a 9 percent order decline, and a CEO who says almost half of prospective buyers cannot qualify for a mortgage.
In 17 months, the president's investment accounts logged more individual stock trades than the entire House and Senate combined, a pace a former Bush administration ethics lawyer calls a financial conflict of interest.
Twenty months into Trump's second term, the S&P 500, Dow, and Nasdaq are all ahead of where Biden's market stood but behind both Obama's and Trump's own first term, according to Axios. A near 20 percent April 2025 tariff selloff and a sharp earnings rebound explain most of the gap.
Gulf markets opened lower Sunday after Yemen's Houthis said they struck sensitive targets near the Saudi capital with missiles and drones. Brent crude has already climbed from near $96 to above $103 a barrel since April as the wider Iran war has spread into Yemen and the Red Sea.
SANTA CLARA, Calif., March 10 - Silicon Valley Bank was closed by California regulators on Friday and placed under the control of the Federal Deposit Insurance Corp., the largest U.S.
SUEZ, Egypt, March 29 - The container ship Ever Given was freed on Monday after six days wedged across the Suez Canal, ending a blockage that stopped traffic through one of the world's busiest waterways and left hundreds of vessels waiting at either end.
LONDON, June 24 - Britain voted to leave the European Union, ending 43 years of membership, and sent the pound sharply lower against the dollar in overnight trading.
MENLO PARK, Calif., May 18 - Facebook began trading on the Nasdaq on Friday, closing its first day as a public company at $38.23 a share, barely above its $38 offer price after a delayed start and a late day rush to keep the stock from falling below it.
