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Biz Report: Inflation Shocks, AI Spending & the World Cup Economy
Published 3 weeks, 2 days ago
Description
Joseph Sroka, Chief Investment Officer & Co-Founder, NovaPoint Capital unpacka the newly released May CPI inflation report and analyze how the numbers will impact the Federal Reserve's upcoming policy meeting. He discusses how much Oracle's Q4 results as a bellwether for the future of AI infrastructure spending, as Oracle spooks investors by announcing another $20 billion in capex. Plus, we dive into the latest geopolitical headlines spooking the oil markets, while examining whether the World Cup travel boom is providing a genuine lift to the consumer sector.
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