Fortune
The global economy is experiencing the largest capex cycle ever, with nearly $5 trillion seen by the end of the decade—and it’s not all AI spending
The world is in the midst of an unprecedented capital expenditure boom, with nearly $5 trillion set to be deployed by 2030 across energy transition, infrastructure, and artificial intelligence. While AI spending is grabbing headlines, it represents just one strand of a far broader investment surge reshaping the global economy. The scale and diversity of this cycle suggest structural, long-term shifts in how capital is being allocated across industries.
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Fortune
The federal government must issue more debt than it expected as cash flow weakens, and ‘the bond market is shouting’
The federal government is being forced to issue more debt than projected as deteriorating cash flows strain fiscal expectations — a development bond markets are reacting to sharply. Analysts tracking the relationship between Fed policy and long-term yields say the current dynamic is unlike anything seen since at least 1990. The divergence signals growing tension between monetary policy and fiscal reality, with implications for borrowing costs across the economy.
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Fortune
Frontier swoops in after Spirit fails while rivals cut capacity
Frontier Airlines is capitalizing on Spirit's bankruptcy collapse by moving aggressively into key markets the low-cost carrier once dominated. The airline is adding flights at high-traffic hubs including Orlando, Las Vegas, and Dallas-Fort Worth, positioning itself to absorb Spirit's former customer base. The capacity grab comes at an opportune moment, as competing carriers pull back — leaving Frontier room to grow with less resistance.
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