— The final estimate for U.S. economic growth in the 2nd quarter was a strong 3% annualized, on a surge in equipment purchases by businesses and solid consumer spending.
— U.S. inflation continues to trend downward, with the Fed’s preferred gauge of inflation — the PCE Index — moving down to 2.2% for August.
— A U.S. dock workers’ strike on all East and Gulf Coast ports, accounting 40% – 50% of of U.S. imports, could start October 1, threatening trade flows just before the holiday season.
— China announced a raft of stimulus measures to prop up its economy, as its banking and real estate sectors continue to drag down growth.
— Microsoft signed a 20-year deal to restart the Three Mile Island nuclear power plants in PA by 2028 to offset the energy its data centers consume, which has increased due to AI development.
Disclaimer: Clicking on any of the above links will take you away from the LNW web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.
