Business
Corporate earnings, capital spending, industry strategy and deal flow across the sectors moving the global economy.
AI Capex Reassessment: Microsoft Exits UK's Largest AI Data Center as Tech Selloff Bites
Microsoft pulled out of Britain's flagship AI data center over power-supply concerns, adding to a week of doubt about AI spending that triggered a tech selloff and dragged risk assets lower.
AI Capex Supercycle Pushes Hyperscaler Spending Past $400 Billion
Combined capital expenditure at the four largest U.S. cloud providers will exceed $400 billion this year, more than double 2024 levels, with no signs of plateau.
Global Energy Transition Investment Tops $2.1 Trillion, Solar Leads
Investment in clean energy technologies reached $2.1 trillion in the twelve months to September, outpacing fossil fuel supply spending by nearly two to one.
Retailers Brace for Split Holiday Season as Consumer Diverges
Major U.S. retailers are forecasting a bifurcated holiday season, with luxury and value outperforming while the middle of the market struggles.
Automakers Reset EV Targets as Hybrid Demand Surges
The three largest U.S. automakers have pushed back their electrification targets by two to three years, citing weaker-than-expected EV demand and strong hybrid sales.
Global M&A Rebounds as Financing Costs Ease and Sponsors Return
Announced global M&A volume reached $2.8 trillion in the third quarter, the strongest print since 2022, with private equity sponsors re-emerging as buyers.
Big Banks Post Mixed Q3 as Net Interest Margins Finally Compress
Third-quarter results from the six largest U.S. banks showed net interest margins compressing for the first time in three years, though fee income and trading more than offset the drag.