BREAKING: US data center construction spending surged +73% YoY in August, to a record annualized rate of $85 billion.
This follows a +65% YoY increase in June and marks the largest YoY increase since April 2025.
Since the start of 2021, data center construction spending has soared +$76 billion, or +823%.
Meanwhile, general office construction spending fell -10% YoY in August, to $46 billion, the 5th-lowest reading since December 2015.
Since the start of 2023, construction spending on general offices has declined -$25 billion, or -35%.
As a result, the gap between data center and general office construction spending has surged to a record $39 billion.
The AI investment surge is gaining momentum.
(@TheKobeissiLetter)
In 1983, America's biggest daytime talk show did something that's never happened since.
It spent an hour on a live debate on the DPT shot and vaccine mandates. Injured kids were in the studio, and the host asked what no host would dare ask today:
"Why does it have to be a law? Should we have the freedom to decide?"
🇺🇸 A Red Baron delivery worker went viral after snapping at a social media prankster who pretended to steal $10 from his phone via Apple Pay while he was working.
The father of four broke down over his exhausting schedule and financial struggles, prompting the internet to rally behind him. A GoFundMe has since raised more than $500,000, while Red Baron publicly backed the employee and confirmed his job is safe.
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