As conflict disrupts oil and gas flows through the Middle East, exports from the Port of Corpus Christi have reached new heights, driving jobs and investment along the Texas coast.
The demand for memory chips has skyrocketed with the rapid growth of AI infrastructure. The shortage poses a major challenge for the consumer electronics industry.
Two months into the disruption of oil flows through the Strait of Hormuz, a gap is opening between what financial markets expect oil to cost and what buyers are actually paying to get a physical barrel delivered today.
GDP rose at an annual rate of 2% from January to March, according to data out today from the Bureau of Economic Analysis. A big reason why: investment in AI.
“The Black unemployment rate has always exceeded other groups,” said CBPP Chief Economist Gbenga Ajilore. “But what's different is that there's a bigger jump, and this is more sustained, and it's more long running.”
Companies are issuing record amounts of corporate debt this year, even though the war pushed up yields. Analysts say that could continue, especially as tech companies finance AI projects.