Big Tech isn’t backing down from its big AI spending
Tech giants appeared to defend their heavy AI investments during their latest earnings calls.Both Meta and Microsoft plan to spend over $60 billion on building out AI infrastructure this…
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Germany: German economy contracts for second consecutive year amid manufacturing sector’s
The manufacturing sector faces an existential crisis
In 2024, the German economy registered a contraction for the second year in a row, with almost no real GDP growth since the Covid-19 pandemic (see…
Draft law maps the way for hemp, marijuana sectors to open up in St. Lucia this year
A draft cannabis law in St. Lucia aims to open up the markets for both marijuana and industrial hemp. The proposed legislation, recently released for public review, outlines regulations for the farming, processing, and sales of…
Futures slide as investors dial back bets on Fed rate cuts this year
By Johann M Cherian and Sukriti Gupta (Reuters) -U.S. stock index futures fell on Monday as yields surged after robust payroll numbers last week bolstered expectations that the Federal Reserve will maintain a hawkish stance for most…
Development in Rapid City slows from record year
RAPID CITY, S.D. (KOTA) - Development in Rapid City has slipped from a record 2023 year.The city issued 2,593 permits last year, valued at roughly $384 million. In 2023, more than $463 million worth of permits went out.Officials say the…
Economy poised for a solid year in 2025. But these Trump plans could slow growth.
Fed's Daly 'Very Comfortable' With Two 2025 Rate CutsFederal Reserve Bank of San Francisco President Mary Daly said she is "very comfortable" with policymakers' median projection of two interest-rate cuts in 2025. Daly added, "my…
A year after Boeing’s door plug accident, the aircraft giant faces a steep road to
Boeing 737 Max aircraft are assembled at the company’s plant in Renton, Washington, on June 25, 2024.Jennifer Buchanan | Via ReutersBoeing is embarking on another rebuilding year.A year ago, the company was thrust back into the spotlight…