Despite a spate of layoff announcements, today’s data suggests that layoffs remain limited, helping to allay concerns about a rapid deterioration in the labor market.

Tech firms are expected to turn to debt for as much as $1.5 trillion by 2028, which could widen spreads across the whole market

“Higher-income customers were unconstrained, but ‘customers in the middle to lower end of the financial spectrum are tightening the belt.’”

“AI is the hyperscalers’ ‘Manhattan Project. CEOs see the risk of not winning as just as much—if not more—of a risk as overspending.”