Why is Corporate America on a spending spree?

Published: May 9, 2024, 4:14 p.m.

Chuck Zodda and Mike Armstrong discuss the weekly jobless claims that jumped to its highest level since last August. Corporate America is on a spending spree, buying back shares. Arm slides as tepid outlook fuels concerns over AI slowdown. Billions in chips grants are expected to fuel industry growth. Lenders are seeing a bottom for consumers.