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75% Of US GDP Growth In The First Quarter Was Due To AI
75% Of US GDP Growth In The First Quarter Was Due To AI
On the surface, today's final revision (aka 3rd estimate) of the US Q1 GDP print was unremarkable: Real GDP grew 2.1% annualized in the first quarter, a reversal of last month's downward revision of 1.6%, but back to where the original print was when it was reported in April, when the BEA reported 2.0% growth.
The print reflected a downward revision to imports, which are a subtraction in the calculation of GDP, that was partly offset by a...
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Trump Not Open To Tehran's Latest Proposal As 'Tank Tops' Loom, Claims Iran "Informed Us They Are In State Of Collapse"
Trump Not Open To Tehran's Latest Proposal As 'Tank Tops' Loom, Claims Iran "Informed Us They Are In State Of Collapse"
Summary
Trump TS claim: Tehran has informed Washington they are in a "state of collapse" and that the Iranians want the US to "open the Hormuz Strait" - as 'tank tops' loom.
Trump doesn't appear open to Iran's proposal which hinges on US naval blockade ending & nuclear issue being pushed to future negotiations (CNN).
First crude-laden Japanese tanker from Saudi port exits Hormuz Strait successfully without Iranian interference.
Iranian analyst describes that Tehran...
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