September 5, 2024 - Sky-Tide Media

Pepperstone: Sentiment remained on shaky ground yesterday, as dismal US job openings data pressured stocks, and drove a haven bid into bonds, as a busy docket looms ahead of tomorrow’s nonfarm payrolls print. Full thoughts from Senior Strategist Michael Brown

submitted by /u/XGramatik [link] [comments]

U.S. GDP data may be revised significantly downward. Currently, GDI suggests that real GDP could be overstated by a massive amount of approximately $600 billion or 3%.

https://preview.redd.it/j6l6ou14nxmd1.jpg?width=864&format=pjpg&auto=webp&s=a91becfce7fc7b31b4bed3e8ac201dcf12c9873f The difference between real GDP and real Gross Domestic Income reached a record $616 billion. GDI measures earnings across the economy, while GDP tracks total economic output. Historically, GDI has been a leading indicator of final GDP revisions and changes in the unemployment rate, especially near the end of economic cycles. Downward revisions have become the new normal. submitted by /u/FXgram_ [link] [comments]

Have you seen this man?

submitted by /u/XGramatik [link] [comments]

TrumpCrash Yesterday

submitted by /u/XGramatik [link] [comments]

AI race is slowly becomes a demanding tool. Look what happens: A 16 billion purchase of AirTrunk. And who did this?

Long story short: Blackstone. This transaction, announced on September 5, 2024, marks Blackstone’s largest investment in the Asia Pacific region and stands as the biggest leveraged buyout globally this year. AirTrunk, founded in Sydney in 2015, has rapidly grown to become the largest data centre group in Asia Pacific, boasting 11 sites across Australia, Japan, Malaysia, Hong Kong, and Singapore. The company’s value surged during the sales process, driven by the increasing adoption of artificial intelligence, which demands ever-greater data centre capacity. Blackstone’s president, Jon Gray, emphasized the strategic importance of this acquisition, stating, “AirTrunk is another vital step as Blackstone seeks to be the leading digital infrastructure investor in the world across the ecosystem, including data centers, power and related services.” AI race continues, thus we gonna see more and more investments, especially in data centers submitted by /u/Aftermebuddy [link] [comments]