Economy
Amazon unveils plans for nuclear-powered data centers despite federal scrutinyAmazon plans to spend $20 billion to build two large data centers in Pennsylvania, including one that will draw power from a nearby nuclear plant. The investment will bring lots of construction jobs, but critics raise concerns about energy use and fairness.
How rare earths, AI chips, and student visas raise the stakes in the US-China trade warThe United States and China have agreed to a new round of trade talks in London on June 9. In the ongoing trade war, China slowed the export of its “rare earths” as the U.S. issued export control guidelines for AI chips and revoked Chinese student visas.
Trump promised to bring jobs to the Rust Belt. The Sun Belt may get them instead.Donald Trump was elected partly on the promise of a factory renaissance. Made-in-America may come back, but not necessarily in the places that led U.S. manufacturing 80 years ago.
Trade disputes threaten US-EU relations, even as courts weigh Trump tariffsCourts are challenging the legality of President Trump’s tariff threats, but longer-term risks of America’s new trade tactics include lost confidence of trusted allies.
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Trump’s budget bill carries costs: Higher deficits and US debtPresident Trump promised to expand tax cuts while also slashing federal spending. So far, the math in Congress looks like a recipe for federal deficits to keep rising.
This Illinois town aims for economic revival – but will Trump tariffs help?President Donald Trump’s tariffs aim to revive U.S. manufacturing and the cities where it happens. But in Belvidere, Illinois, the reality is complicated.
Message in US-China trade deal: Neither side wants a sudden breakupAfter initiating a trade war, President Donald Trump has apparently blinked. His massive recent tariffs on China are now on pause after threatening major economic disruption.
Can AI be ‘democratic’? Race is on for who will define the technology’s future.An American AI company is working to promote “democratic” artificial intelligence. It’s not yet clear what that means or how it might influence how the emerging technology is used.
US-China trade talks could temper tariff angst, but rivalry runs deepIt’s unlikely the U.S. and China can erase the tension in their geopolitical rivalry. But they can manage it. The current talks provide a key avenue.
Billionaire Warren Buffett’s best and worst investments over the yearsBillionaire investor Warren Buffett announced plans Saturday to step down as CEO of Berkshire Hathaway by the end of the year. Here’s a look back at his career.
Hiring is up, GDP is down: Economy sends mixed signals as tariffs loomThe latest U.S. jobs report beat expectations, yet consumer sentiment is down. America’s economic health may turn on upcoming tariffs
China is a big buyer of US soybeans. These farmers are bracing for tariff impact.Farmers in Illinois, the top soybean-producing state in the U.S., are trying to sort out how much to plant while staring down tariff-related market chaos.
Markets falter as Trump attacks Fed’s independence – and its chairThe selloff of U.S. assets continued as President Trump stepped up threats for Fed Chair Powell to drop interest rates to spur the economy or lose his job.
California designs a trade plan to blunt tariffs. Be careful, China expert says.California Gov. Gavin Newsom says that to protect its economy from tariffs, the state can make its own trade deals with China. Orville Schell, director of the Center on U.S.-China Relations at the Asia Society, says California has to step carefully to avoid working against federal government interests.
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