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Biden visits Kentucky pledging federal support for tornado hit state
Offering hugs of support to locals who’ve lost everything to a devastating storm US President Joe Biden visits the devastation zone in Kentucky after the state was lashed with deadly tornadoes and severe storms
President Biden flew to Kentucky on Wednesday to survey the damage wrought over the weekend reprising a role comforting disaster victims as he pledged that the Federal Government will cover the costs of the rebuild.
The president announced that the white house would cover 100% of costs of emergency work for the first 30 days after the extreme weather event.
Late Monday, Biden approved disaster declarations for Tennessee and Illinois, and had previously approved a major disaster declaration for Kentucky.
On Wednesday, Biden amended the Kentucky disaster declaration to make additional assistance available, increasing federal funding.
The President said during his remarks in Dawson Springs that he previously “wasn’t sure” he had the authority to make the change to the disaster declaration, but added, “it turns out I do.”
Joining local leaders earlier at a storm briefing in Mayfield in Kentucky… the President expressed shock at some of the images he saw during his aerial tour of the area pledging the full force of the federal government to help rebuilding and recovery efforts.
Biden said he was “amazed” at the way the community has come together in the wake of the storm
The Federal Emergency Management Agency has sent search-and-rescue and emergency response teams to Kentucky, along with teams to help survivors register for assistance.
Dozens of generators have been into the state following mass power outages along with 135,000 gallons of water, 74,000 meals and thousands of cots, blankets, infant toddler kits and pandemic shelter kits.
Mayfield was the hardest hit of several western Kentucky communities in the 200-mile path of a twister that turned cities into piles of debris that are now being hauled away by work crews and National Guard troops.
The city of 10,000 is under a boil-water order and accounts for more than one-third of the state’s 14,000 power outages.
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AI stocks surge amid market shifts and spending warnings
AI sector drives economic growth; Meta adjusts strategy, Palantir’s valuation sparks questions, and Nvidia leads amid rising competition.
AI sector drives economic growth; Meta adjusts strategy, Palantir’s valuation sparks questions, and Nvidia leads amid rising competition.
The artificial intelligence sector continues to be a major driver of growth for both the U.S. and global economies. Companies at the forefront of AI innovation are influencing market trends and reshaping industries worldwide.
Meta’s stock has rebounded slightly following reports of potential cost-cutting measures and job reductions in its Reality Labs division. Investors are watching closely as the company adjusts its strategy to manage rising expenses and optimize innovation.
Palantir is trading at over 120 times forward sales and 180 times forward earnings, signaling investor confidence but also raising questions about valuation risks. Meanwhile, Nvidia maintains a market cap of $4.2 trillion as a leading AI chip supplier, yet competition is ramping up.
These moves highlight the growing tension between tech giants’ AI ambitions and the practical need to balance profits with heavy R&D spending.
Some analysts, however, warn that rapid growth may not be sustainable, with current levels of AI-related spending potentially overshooting realistic returns.
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#AIStocks #TechInvesting #Nvidia #Meta #Palantir #ArtificialIntelligence #StockMarket #TickerNews
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AI investments set to surge in 2026 as companies target productivity gains
Analysts forecast $500 billion AI investment by 2026, transforming corporate spending priorities and enhancing economic productivity.
Analysts forecast $500 billion AI investment by 2026, transforming corporate spending priorities and enhancing economic productivity.
Analysts predict that artificial intelligence companies could invest over $500 billion in 2026, signaling a major shift in corporate spending priorities. This surge in capital allocation comes as businesses look to harness AI to drive growth and efficiency across multiple sectors.
Following strong third-quarter earnings, overall capital spending estimates for 2026 have been revised upward. However, investors are becoming more selective, focusing on companies that can clearly demonstrate revenue benefits from their AI investments, separating hype from tangible results.
AI adoption is expected to boost economic productivity, with significant investment already flowing into AI infrastructure such as semiconductors and data centres. The coming year could redefine how companies leverage technology to gain a competitive edge.
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#AIInvestment #TechGrowth #FutureEconomy #DataCenters #Semiconductors #ArtificialIntelligence #ProductivityBoost #CapitalSpending
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Stocks, AI and the economy: What to expect in 2026
2025’s market turmoil analyzed: AI hype, tariffs, global politics, and Federal Reserve impacts—tune in for expert insights!
2025’s market turmoil analyzed: AI hype, tariffs, global politics, and Federal Reserve impacts—tune in for expert insights!
2025 has been a rollercoaster for investors, with AI hype, tariffs, and global politics shaking up markets. We break down what these trends mean for your portfolio and the risks ahead.
Joining us for insights is Kyle Rodda from Capital.com, who explains how Treasury yields, unemployment data, and inflation readings are shaping investor sentiment. We also dive into what the Federal Reserve’s recent moves could mean for 2026.
From the potential impact of a 43-day government shutdown to payroll numbers and market expectations, this episode gives you the clarity you need to navigate the next year in stocks.
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