Nvidia’s call talked about the conversion rate increase with Meta. Here is Lowes on conversion rate: “Let me now discuss the importance of generative AI to improve how we sell, how we shop, and how we work. This is what we refer to as our AI framework. And as we continue to

How Lowes is using AI for inventory and supply chain management (saw the company being mentioned in Nvidia’s earnings call yesterday)…a summary of how it is using AI to increase efficiency: “Lowe's leverages Artificial Intelligence (AI) extensively within its supply chain to

To naysayer of AI boosting productivity...it starts at the micro level. Exhibit A, Walmart's (who's moving from New York Stock Exchange to Nasdaq) earnings today. Walmart provides a strong signal (even a sufficient signal) of what's going to happen to US labor market in the

Testing the @BillAckman May I meet you

No !!😂

I will be doing a fireside chat with NEC Director Kevin Hassett this Wednesday, 11/19, 10am at the Bloomberg Insights and Innovation in Washington DC. Registration for this event can be found here: https://t.co/Le8ndm3qDP The event can also be viewed LIVE (go) @TheTerminal

At this FOMC meeting, inflation expectations is also at 3%.

I am reading the historical FOMC transcript of a FOMC meeting that was grappling with many of the same issues we are today: stock ebulliance, K-shape economy, Fed just did an insurance cut and deciding whether to do another one, growth projections stronger than expected,

The most important question the Fed needs to answer right now, in my view, is: Is the economy akin to being in 1975, 1995, or 1999?

This finding is similar to the conclusion in a simulation in a FOMC meeting presentation back in late 2018. Question is why finding like this was no where to be published or uttered in the last twelve months.

What I have learned from the previous two charts on AI and productivity is that the topic is extremely polarizing.

The wonderful St Louis Fed just released a note on labor productivity and AI. There evidence is there that AI is raising productivity. In fact, looks like a counterpart chart to our chart on business formation and AI adoption. https://t.co/iRRNDF63eU

"Led to" is overstating the case a bit, but related work by Census researchers using the underlying microdata for the BFS (y-axis) found a surge in AI-related business applications after 2022.

We are seeing emergent signs that AI is driving business formations. We also think the worst for firm birth-death model is over. As long as the Fed is willing (I like Mary Daly’s framing—what the Fed decides to do could either fan or choke a 90s style productivity boom) this

To read the full piece, @TheTerminal : https://t.co/I1CUCpstvF Key quote from Associated Builders and Contractors: “Approximately 1 in 5 contractors was under contract to work on a data center project in September. While that’s a slightly lower share than in August,

Bowman has been biding her time all these years.

The part of the Bessent quote below basically rules out Bowman and Waller, who may be too much of an insider. “And we're going to find a leader who is going to revamp the entire institution in terms of process and inner workings."

🌯Chipotle CEO on the US consumer: "Earlier this year, as consumer sentiment declined sharply, we saw a broad-based pullback in frequency across all income cohorts. Since then, the gap has widened, with low to middle-income guests further reducing frequency. We believe that this