Barry sits down with Jason Zweig and William Bernstein. They discuss "Money and Me" the last book of author and journalist Jonathan Clements. Jason and William also examine Clements's approach to personal finance and impact to financial journalism. (Source: Bloomberg)
Barry sits down with Jason Zweig and William Bernstein. They discuss "Money and Me" the last book of author and journalist Jonathan Clements. Jason and William also examine Clements's approach to personal finance and impact to financial journalism. (Source: Bloomberg)
MicroStockHub/iStock via Getty Images Businesses are racing to build the physical infrastructure that makes AI usable at scale – data centers, the graphics processing unit (GPU) hardware stack, power, and cooling. Estimates suggest more than $5 trillion could be needed through 2030 to fund this buildout across the broader AI ecosystem (see Figure 1). For investors, the opportunity is not just the ...
MicroStockHub/iStock via Getty Images Businesses are racing to build the physical infrastructure that makes AI usable at scale – data centers, the graphics processing unit (GPU) hardware stack, power, and cooling. Estimates suggest more than $5 trillion could be needed through 2030 to fund this buildout across the broader AI ecosystem (see Figure 1). For investors, the opportunity is not just the scale of spending; it’s the ability to finance essential infrastructure through structured credit backed by real assets and predictable, contracted cash flows. Figure 1: Hyperscalers’ capital spending is expected to rise further Stacked chart titled 'Big tech capex projections' displaying historical and projected capital expenditures from 2021 to 2030 for major technology companies in USD billions. Companies shown: Amazon (growing from $61B in 2021 to $224B in 2030), Google (from $25B to $269B), Meta (from $19B to $181B), Microsoft (from $24B to $287B), Oracle (from $2B to $77B), and Other (from $41B to $121B). Total Capex increases from $172B in 2021 to $1,159B in 2030, showing significant acceleration in tech infrastructure investment, particularly from 2025 onwards when spending roughly doubles from the prior year. (Source: Bloomberg, McKinsey, Citi, Oxford Economics, PIMCO analysis as of 15 May 2026) The key question is how to commit capital to long-duration projects while technology and business conditions evolve. In our view, rather than trying to pick AI winners, the answer is to focus on the infrastructure layer itself – one layer below the AI applications – through enforceable collateral, control over key contracts, and protections that help ensure repayment even if things don’t go as planned. Stewardship also matters in how these projects are developed. The strongest data center investments are built in partnership with local utilities and communities. Done well, they can add needed power and grid infrastructure, distribute fixed costs, support local economic deve...
The tech sector has bounced back in Q2, but software stocks continue to lag. Taking advantage of that, Salesforce, Adobe, and ADP have launched major stock buybacks.
The tech sector has bounced back in Q2, but software stocks continue to lag. Taking advantage of that, Salesforce, Adobe, and ADP have launched major stock buybacks.
Inflation tied to the Iran conflict may force the Federal Reserve to raise interest rates, and Warren Buffett says higher rates will compress stock market valuations.
Inflation tied to the Iran conflict may force the Federal Reserve to raise interest rates, and Warren Buffett says higher rates will compress stock market valuations.
Key PointsPCE inflation hit 3.8% in April, the highest level in three years, and investors now expect the Federal Reserve to raise interest rates in 2026.
Key PointsPCE inflation hit 3.8% in April, the highest level in three years, and investors now expect the Federal Reserve to raise interest rates in 2026.
GUANTANAMO BAY, CUBA - JUNE 28: (EDITORS NOTE: Image has been reviewed by the U.S. Military prior to transmission.) A view from a scenic outlook above the former outdoor detention facility "Camp X-Ray " on June 28, 2023 at Guantanamo Bay, Cuba. (Photo by Elise Swain/Getty Images) Elise Swain | Getty Images News | Getty Images The top U.S. general overseeing forces in Latin America held a rare meet...
GUANTANAMO BAY, CUBA - JUNE 28: (EDITORS NOTE: Image has been reviewed by the U.S. Military prior to transmission.) A view from a scenic outlook above the former outdoor detention facility "Camp X-Ray " on June 28, 2023 at Guantanamo Bay, Cuba. (Photo by Elise Swain/Getty Images) Elise Swain | Getty Images News | Getty Images The top U.S. general overseeing forces in Latin America held a rare meeting on Friday with senior Cuban military officials at the perimeter of U.S. Naval Station Guantanamo Bay, Cuba , the U.S. military said on Friday, confirming a Reuters story. U.S. General Francis Donovan, head of U.S. Southern Command, briefly discussed operational security matters with the Cuban delegation, which included Cuban General Roberto Legra Sotolongo, first deputy minister of the chief of the General Staff, U.S. Southern Command said on X. "Donovan also led a perimeter security assessment of the naval base and discussed force protection, safety of service members and their families, and operational readiness with base officials," it said. Donovan's meeting in Cuba is the first in recent memory by a head of Southern Command and comes amid growing concerns in Cuba of a possible U.S. military attack on the Communist-run island. Cuba's armed forces said on Facebook that the meeting took place with mutual agreement and that both sides agreed to maintain communication. "Both delegations evaluate positively the meeting where issues related to security around the dividing perimeter of the military enclave were addressed and agreed to maintain communication between both military commands," the statement said. The meeting follows a rare visit earlier in May by CIA Director John Ratcliffe to Havana. President Donald Trump has often cited Cuba among the foreign policy goals of his second term and has hinted it will become his focus once the war with Iran is over. U.S. antagonist Cuba has been a U.S. antagonist for decades, since Fidel Castro's 1959 revolution. Trump is stron...
Fintel reports that on May 29, 2026, Macquarie upgraded their outlook for XPeng (OTCPK:XPNGF) from Neutral to Outperform. Analyst Price Forecast Suggests 231.56% Upside
Fintel reports that on May 29, 2026, Macquarie upgraded their outlook for XPeng (OTCPK:XPNGF) from Neutral to Outperform. Analyst Price Forecast Suggests 231.56% Upside
Hong Qi, who orchestrated protest against Communist government, claims interpreter on 101 call launched political tirade A Chinese dissident who orchestrated an anti-government protest in China after fleeing to the UK has claimed that a “pro-regime” interpreter used by a British police force berated him when he sought help. Hong Qi, who made headlines last year after using a mobile phone while in ...
Hong Qi, who orchestrated protest against Communist government, claims interpreter on 101 call launched political tirade A Chinese dissident who orchestrated an anti-government protest in China after fleeing to the UK has claimed that a “pro-regime” interpreter used by a British police force berated him when he sought help. Hong Qi, who made headlines last year after using a mobile phone while in the UK to remotely project anti-regime slogans on to a building in his home city, Chongqing, contacted police after discovering that his bank accounts had been frozen. Continue reading...
Exclusive: Local authority asked what steps it is taking after hordes of splashing revellers seen disturbing nesting birds Ministers have written to the City of London demanding it stop people from swimming in a protected pond on Hampstead Heath, after disturbing scenes of cygnets and eggs being disrupted went viral on social media. Swans and their 12-day-old cygnets were disturbed by hordes of sp...
Exclusive: Local authority asked what steps it is taking after hordes of splashing revellers seen disturbing nesting birds Ministers have written to the City of London demanding it stop people from swimming in a protected pond on Hampstead Heath, after disturbing scenes of cygnets and eggs being disrupted went viral on social media. Swans and their 12-day-old cygnets were disturbed by hordes of splashing revellers in the north London park on Monday as temperatures reached a record 35C in the capital. In one video, a swan was seen poking an unhatched egg with its beak after it fell into the water during the chaos. Continue reading...