Category: Spending
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Micron increases capex forecast for 2024 amid AI spending boom: report
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JHVEphoto micron technology (Nasdaq: Mo) raised its forecast for capital spending for this year on Tuesday amid increased spending related to artificial intelligence. Involved decreased 1.3% Late morning trading. Micron now expects to spend about $8 billion this year, up from a previous forecast of $8 billion. About $7.5 billion,…
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Canadian consumer spending strengthened broadly in April – RBC
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Red blood cells Outside From our monthly Canadian consumer spending tracker, the picture looks positive, with spending increasing in almost all categories. Retail sales, excluding automobiles, saw significant growth during the month, driven largely by higher purchases related to homes, sporting goods and apparel. These trends point to a broader…
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Japan’s consumer spending extends declines as outlook weakens By Reuters
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Written by Satoshi Sugiyama and Tetsushi Kagimoto TOKYO (Reuters) – Consumer spending in Japan fell for the 13th straight month in March, creating challenges for policymakers seeking to drive stronger real wage growth, a prerequisite for a hike in interest rates by the central bank. Household spending fell 1.2% in…
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Nvidia’s Israel AI spending spree has downside
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Nvidia Corp, the AI chip giant, is currently making one of its biggest moves in the past year by completing the acquisition of two Israeli companies for a total of $1 billion. The two startups Run: You have And So there you have it They are considered two of the…