cnbc_topnews

Inside the S&P 500 AI boom, industrials are getting as rich as tech stocks

📰 source: cnbc_topnews · 💼 business

the s&p 500's industrial sector is trading at a price-to-earnings ratio above 30, rivaling tech stocks, driven by the ai infrastructure buildout and defense spending. caterpillar and ge vernova are up over 50% this year, with caterpillar nearly 160% higher than two years ago. alphabet raised its capex forecast to $195-205 billion for 2025, up from $180-190 billion prior. mckinsey estimates global data center spending could reach nearly $8 trillion by 2030. the aerospace and defense subsector, comprising 25% of the industrial select sector spdr (xli), has also boomed amid rising defense budgets. lockheed martin and rtx are up roughly 35% over the past year. despite some recent pullbacks in space stocks, investor flows into industrials etfs remain strong, with $23 billion in net inflows year-to-date. active management accounts for 34% of those flows, signaling broad conviction in the sector's long-term prospects.

why it matters: industrials are surging on ai infrastructure and defense demand, offering an alternative tech play with strong earnings momentum and passive inflows.

source: cnbc_topnews
sentiment: +0.50 · impact: 0.50

Surprise fall in US jobs last month as slow summer continues

📰 source: bbc_business · 💼 business us jobs fell by 23,000 last month, against forecasts for an 80,000 gain, with the bureau of labor statistics also revising down may and june payrolls by a combined 103,000. the unemployment rate still dipped to 4.1% from 4.2%, as labor

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

📰 source: cnbc_topnews · 💼 business homes sold for less than their asking price in 38 of the 50 largest u.s. housing markets in june, per redfin. the biggest discounts hit florida and texas: miami and west palm beach averaged nearly 5% below asking, while houston, austin, tampa, dallas, san antonio,

China is gaining ground in AI. But the U.S. still has a major advantage

📰 source: cnbc_topnews · 💼 business hugging face ceo clément delangue told cnbc china is clearly dominating on open models and could start dominating at the frontier by end of this year or next. chinese models are closing the gap with u.s. frontier systems despite limited access to cutting-edge compute. beijing-based

US strikes $1.2bn deal to pay German firm to halt offshore wind projects

📰 source: bbc_business · 💼 business rwe will abandon its offshore wind projects in the us after accepting a $1.2bn payout from the department of the interior. the german energy firm said it will reinvest the money into gas projects, including $900m for an lng export terminal in louisiana. rwe will

Read more

Surprise fall in US jobs last month as slow summer continues

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

China is gaining ground in AI. But the U.S. still has a major advantage

US strikes $1.2bn deal to pay German firm to halt offshore wind projects