Matthew Boesler

A record surge of investment in information processing equipment boosted U.S. GDP by a full percentage point in the first quarter. In other words, excluding the data center bonanza, the economy would have registered a 1.2% contraction (h/t @DoubleTGolle) https://t.co/Eg99K2YfKD

RT @mayaaverbuch: For hopefuls in Mexico's judicial election, trying to reach voters has been an uphill battle. Voters will have to pick be…

Oxford Economics report finds employment for 22-27 y.o. college grads in computer science and mathematical occupations is down 8% since 2022: "Recent and experienced college graduate unemployment rates have always been lower than the national average, until now" https://t.co/kw7sVjAUO3

RT @josheidelson: Scoop: An NLRB regional director today formally certified a union at a Philly Whole Foods, a first for Amazon’s grocer. T…

"Loss of tropical primary forests reached 6.7 million hectares last year. That’s almost double the loss in 2023 and roughly equivalent to 18 soccer fields disappearing every minute"

Bloomberg @business

Unprecedented temperatures are fueling fires and destroying forests at record levels. "It’s a global red alert" https://t.co/N8HjLYbTMw

The white-collar jobs vanishing fastest in the U.S. right now, according to @RevelioLabs: (https://t.co/zd3hTkveye) https://t.co/sIAnjP5yhT

RT @naurtorious: PJM , the largest US electric grid stretching from the Midwest to East Coast, warned for the first time that extreme summe…

Wall Street economics commentary still way out of step with what's happening in markets. Goldman just boosted its inflation forecasts (https://t.co/gfbkfmoTcj) and Deutsche Bank says "we now find that real GDP could be depressed by as much as 2.5 percentage points in Q3 and Q4"

"Bloomberg News found that about two-thirds of new data centers built or in development since 2022 are in places already gripped by high levels of water stress"

Leonardo @Leonardonclt

Our latest on AI's water consumption 💦💦💦

"Remittances total more than $800 billion globally. They are the second-biggest source of external funding to the developing world, be they from South Asian construction workers in Dubai, Mexican farm laborers in the US or Filipino nannies in Hong Kong"

Kelsey Butler @itskelseybutler

NEW: As US President Donald Trump and leaders in other wealthy nations crack down on immigration, this crucial pipeline of cash is now at risk of dwindling. Markets mag story with @sw_gs, Saijel Kishan & yours truly! (Gift link) https://t.co/Q86uOge2oK

Wild story about telemarketers peddling health insurance “so bare-bones that selling it in the US would normally be illegal” to unwitting customers. Currently in litigation but “favorable action by the Trump administration or a judge could … reshape health insurance in America”

Zachary Mider @zachmider

NEW from me: Telemarketers are handing out fake jobs to people on the telephone - a bizarre way to sidestep insurance regulations and sell bare-bones health plans. w/ @Zekefaux https://t.co/B6nFu5R3bC

RT @TheStalwart: NEW ODD LOTS: An episode I've been trying to make happen literally for years. @tracyalloway and I spoke to my old boss @…

Not seeing any forecast upgrades among economists at Wall Street banks this week despite the big rally in the stock market. Overwhelming consensus continues to be for a sharp slowdown and/or recession in the U.S. this year

RT @lpolgreen: For the latest dispatch in my series on global migration, I wrote about Mexico City, which has become a global beacon. http…

Fed Chair Jerome Powell today on the fiscal policy debate: "If you look at a pie chart of federal spending, the biggest parts—and the parts that are growing—are Medicare and Medicaid, Social Security, and now interest payments. And so that's really where the work has to be done"

Goldman Sachs economists estimate the U.S. could lose as much as 0.3% of GDP this year, or $90 billion, from a plunge in foreign tourism and boycotts of American products. Early signs of the pullback are starting to show up in economic data https://t.co/Z1R4rBOpeu

"US goods imports in 2024 were $3.2 trillion, larger than the economy of France and just smaller than the UK. Even after this week’s announcements the US appears willing to raise taxes on that amount—the size of a large developed market economy—eightfold" https://t.co/hpchL2DDCd