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Boston Herald
Boston Herald
17 Dec 2024
Associated Press


NextImg:Ticker: Amazon investing another $10 billion in Ohio-based data centers; Retail sales rose at healthy pace last month

Amazon Web Services will invest another $10 billion to bolster its data center infrastructure in Ohio.

The company and Republican Gov. Mike DeWine announced the plan Monday. The new investment will boost the amount it has committed to spending in Ohio by the end of 2029 to more than $23 billion.

AWS launched its first data centers in the state in 2016 and currently operates campuses in two counties in central Ohio, home to the capital city of Columbus. The new investment will allow AWS to expand its data centers to new sites.

Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the winter holiday shopping season.

Retail sales rose 0.7% in November, the Commerce Department said Tuesday, a solid increase and higher than October’s 0.5% gain. Sales jumped 2.6% at auto dealers, driving most of the gain. Some of that demand likely reflected a need for new cars in parts of the southeast slammed by Hurricane Helene in October, as well as healthy incentives provided by car dealers. Big discounts at many retail chains also attracted some consumers.

The boost in spending underscores that the economy is still growing at a healthy pace even with higher interest rates, a trend that could cause the Federal Reserve to lower borrowing costs more slowly next year than they have previously signaled. The Fed will announce its latest rate decision Wednesday.