May

For this year’s first quarter, cloud service providers Amazon, Google, Microsoft & Meta reported a record $130.65b in capital expenditures, mostly on AI infrastructure, according to their financial disclosures.

The figure is 71% more than what the companies spent in the same quarter last year.

May 5

Stablecoins denominated in U.S. dollars are increasingly being used as the medium of exchange in int'l trade – a shift that risks the “dollarization” of emerging economies, weakens their ability to control their money flows, Bank for International Settlements (BIS), said.

May 1

After signing a $300-billion contract to provide cloud services to OpenAI, Oracle has committed so much money to leasing data centers that it has limited its own ability to borrow much more, The WSJ reported.

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May 6

On 1 May, the NASDAQ and Standard & Poor’s 500 index closed at record highs yet again on strong earnings, gains in tech, and lower oil prices. Both booked a sixth consecutive week of gains, the longest such stretch since October 2024, and closed their best months since 2020.

May 4 

Investors as well as lenders have noticed. The cost of credit default swaps – the market’s way of insuring against Oracle defaulting on its loans – has more than tripled since last September.

The company’s share price has dropped 30 percent in the past six months.

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