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The White House reposted a message solar manufacturer T1 Energy put out Wednesday promoting a Texas cell plant the company said will carry first-phase capital spending in excess of $500 million. The company’s post on X said the facility, which it calls G2_Austin, would create…

Orders for durable goods from U.S. manufacturers surged in September, according to Census Bureau data released Tuesday. Orders for durable goods—those meant to last three years or more—rose 1.8 percent in September, rising $6.3 billion to $345.4 billion. That followed a 0.1 percent increase in…

Consumer confidence rose sharply in October, as consumer views of current conditions and expectations improved. The Conference Board’s consumer confidence index jumped 7.5 points to 91.7 in October, up from 84.2 in September. Economists had expected confidence to fall to 81. The barometer of current…

Bill Gates argues that the next two decades of AI development will bring “winners and losers,” and he’s arguing it’s up to governments, not tech companies, to manage the fallout. According to Gates, some Americans will live “like the Amish” to avoid AI’s potential for…

The left-wing Labour Party government will raise fresh taxes on savings and property income as spending on welfare and foreign subsidies will continue to grow, recently installed Chancellor John Healey told the House of Commons on Wednesday. Unveiling his autumn budget, Chancellor Healey said that…

Amazon has told its software engineers to stop padding their AI usage just to look productive, according to an internal memo circulated in September and posted publicly on the company’s website this week. The practice of extreme AI usage, popularly known as “tokenmaxxing,” has been…

The Federal Reserve held its benchmark interest rate steady on Wednesday. The decision keeps the federal funds rate at a range of between 3.75 percent and 4.0 percent, the range set at its previous meeting in September. “Economic activity is expanding at a strong pace.…

The Federal Reserve will change its calendar next year to dedicate one of its eight meetings to a broad discussion of monetary policy strategy rather than deciding the appropriate policy rate, Fed chairman Kevin Warsh said Wednesday. Warsh said that the strategy meeting will not…

There are few ideas in American economic policy that enjoy more universal acceptance than the notion that the United States is suffering from a severe housing shortage. From the Brookings Institution to the Urban Institute, from Freddie Mac to Harvard’s Joint Center for Housing Studies,…

The White House reposted a message solar manufacturer T1 Energy put out Wednesday promoting a Texas cell plant the company said will carry first-phase capital spending in excess of $500 million. The company’s post on X said the facility, which it calls G2_Austin, would create…