Bessent Faults Commerce Dept. for Failing to Blacklist Megaspeed
The Treasury secretary blamed the department for not sanctioning the Singaporean firm and said that Nvidia employees should be held accountable if they sidestepped the law.
USA
Debate in New York City over city-run groceries is not just about food, but something bigger
Five city-run groceries in a city of 8 million won't substantially lower food prices, but the experiment might cause shoppers to think differently about the role of government. Spencer Platt/Getty ImagesNew York City is moving closer to launching its effort to counter food inflation by opening five city-run grocery stores.
Jensen Huang, Nvidia’s Ousted CEO, Was the Face of the A.I. Boom Powering the U.S. Economy
Nvidia’s ousted leader was a unique rhetorical and financial booster for investments that are driving economic growth.
From ancient Asia to the AI age: Has China’s ‘beauty stratagem’ found a new victim in Nvidia’s Jensen Huang?
Jensen Huang: in the spotlight and out of a job. Nadja Wohlleben/Getty ImagesExtramarital activities have led to the resignation of one of America’s most influential tech bosses, Nvidia CEO Jensen Huang. The saga has also raised the specter of an age-old spying tactic: the “honey trap.”
Fed Will Not Hold Policy Vote at October 2027 Meeting
The shift to a strategy meeting next October is just the first step in a broader plan by Kevin M. Warsh, the chairman of the Federal Reserve, to change how the central bank operates.
Extreme weather risk is scaring big corporations away from poorer countries – that hurts the companies, too
When multinational companies decide where to build a factory, open a mine or establish a regional office, they have to consider whether the investment will still be profitable years into the future.
Making that decision increasingly means thinking about risks, like whether surrounding roads will flood, worker safety will be compromised by extreme heat in the summer, and clean water will be available.
While California’s wealth tax failed, states are taking other steps to collect more revenue from the rich
State efforts to tax the rich did relatively well in the 2026 midterm elections, following a series of state legislative moves in that direction in recent years.
Could the Voter Backlash Against A.I. Actually Help the Economy?
Voter backlash could threaten the data center boom. Some economists think that could be a good thing.
Heating Costs Will Rise 7% on Average This Winter
People who use heating oil will see increases of around 70 percent because the war in Iran has greatly reduced supply of that fuel.
Trump Officials Clashed Over Megaspeed, Firm at Heart of Nvidia Affair
Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick last week about why the administration had not put restrictions on advanced chip sales to Megaspeed.
Pages
