New York became the first state to enact a statewide moratorium on hyperscale data centers, halting any new development until July 2027, giving state regulators a year to create new standards regarding environmental impacts and energy demands, and marking one…
Grief affects everyone differently. That can make it hard for HR pros to guide employees through the grieving process, especially if they’ve never experienced loss themselves. But grief literacy training can help, according to Patricia Bravo, leadership development consultant and…
China’s exports accelerated in June, jumping 27% from a year earlier thanks partly to the boom in artificial intelligence, the customs agency said Tuesday. The increase in exports in June was much better than economists had expected. Exports rose 19.4%…
Worries about a bubble in artificial intelligence investments are absurd, SoftBank Group’s CEO Masayoshi Son said Tuesday, deriding such doubts as backward and akin to questioning the use of cars and planes. “To ask whether AI is a bubble is a foolish…
Federal Reserve Chair Kevin Warsh said Tuesday that the Fed will make high inflation “a thing of the past,” yet he provided no signal about the central bank’s next steps. Fed policymakers “have no tolerance for persistently elevated inflation,” Warsh said in…
The most valuable hires, according to Ramp cofounder and CEO Eric Glyman, aren’t the ones with the lengthiest or most impressive résumés. They’re the ones not even in the job market yet. Glyman’s hiring philosophy runs against the standard corporate…
In the debate about the level of threat the U.S. national debt poses to the economy, most people can agree that any crisis will be felt most sharply by the youngest people in the economy. For example, Citadel CEO Ken…
Good morning. SpaceX and Amazon have become structural look-alikes, increasingly competing for the same profit pools in cloud computing, AI infrastructure, and satellite connectivity. Amazon, founded by Jeff Bezos, and SpaceX, founded by Elon Musk, now command a combined market…
As stablecoin use surges globally, traditional finance is rushing to keep pace. Many businesses, though, are still getting up to speed on how to integrate dollar-pegged tokens into customer payments, and London-based startup Velocity—which on Tuesday announced a $38 million…
Every month, the jobs report is reduced to two numbers: how many jobs the economy added and whether the unemployment rate went up or down. If payrolls rise and unemployment falls, the labor market is declared strong. If unemployment rises,…