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Meta Platforms Inc. is looking to sell between $20 billion and $25 billion of investment-grade bonds to fund AI infrastructure, with initial price discussions for the longest portion of the deal—a note maturing in 2066—at a yield of up to 1.8 percentage points more than Treasuries.
Meta Platforms Inc. is looking to sell between $20 billion and $25 billion of investment-grade bonds, according to people with knowledge of the transaction, as the Facebook parent boosts spending on infrastructure for the artificial intelligence boom. The company is selling the debt in as many as six parts, with initial price discussions for the longest portion of the deal—a note maturing in 2066—at a yield of as much as 1.8 percentage points more than Treasuries.
JPMorgan Chase & Co.’s traders posted their highest-ever quarterly revenue in the first three months of the year, with record stock-trading results boosting the total past the firm’s previous record by almost $2 billion.
This commentary examines the potential outcomes of oil shocks on the economy, discussing factors that differentiate recession-inducing shocks from those that economies can absorb. It highlights variables such as the duration of the disruption, pre-existing inflation conditions, monetary policy responses, energy intensity of the economy, and the U.S. net energy position, providing insights into how these factors influence the economic impact of oil price increases.
The U.S. trade deficit expanded nearly 5% in February to $57.35 billion, with imports increasing by 4.3% and exports by 4.2%. The latest reading missed the forecast of $60.50 billion.