Interest rates come for everyone — even tech
Marketplace Morning Report

Interest rates come for everyone — even tech

B2Upper-intermediateOctober 22, 20266 min
  • Business & money

Meta reported earnings yesterday. Revenue was up 26% year over year, but costs rose 68%. This is the kind of thing that has some investors in the tech space a little nervous; while demand for AI and tech is doing just fine, the cost of investing in it has gone up. We discuss. Plus, as the weather turns colder, Northeast residents who use heating oil are facing much higher costs. Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter. Marketplace Morning Report is more than a...

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For more, we are joined by Diane Swanc, chief economist at the audit tax and advisory firm KPMG.

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and tons and tons of money, driving up interest rates. Some tech companies are under stress from

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B2 · Upper-intermediate

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  • 95% of the words are B1 or easier.
  • 187 words a minute: natural, fairly fast speech.
  • 52 harder words (B2 and up) in the whole episode.

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0:00

Interest rates come for everyone, even eventually tech from marketplace. I'm Sabri Benesur, in for Kimberly Adams. Meta reported earnings this week. Revenue was up 26% year over year, but costs rose 68%. And this is the kind of thing that has some investors in the tech space a little nervous. It's not demand for AI and tech. That is doing fine. It's the cost of investing in it that has gone up.

0:30

For more, we are joined by Diane Swanc, chief economist at the audit tax and advisory firm KPMG. Good morning, Diane. Good morning. We've got, you know, AI and the government both borrowing tons and tons and tons of money, driving up interest rates. Some tech companies are under stress from investors. Is tech finally feeling the heat of rising borrowing costs? We are starting to see

0:52

that one not only in the fact that we've got this enormous ballooning debt, that's government debt, private debt, all coming at once, hitting the market, and financial markets are saying, listen, we want some compensation for the risk of lending long, and at the same time, they want compensation for inflation.

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