Reported about 1 month ago
As Q3 earnings season unfolds, major tech companies like Alphabet, Microsoft, and Amazon report increased investment in AI, primarily focused on customer service and software engineering. Amid discussions around potential Federal Reserve rate cuts, there is a marked divergence between the optimism in financial markets and the challenges faced by the real economy, with consumer resilience being a significant theme. Despite higher interest rates, moderate to high-income consumers continue to drive spending, indicating that employment stability is a crucial factor in economic performance.
Source: YAHOO