After U.S. debt soared to $38 trillion, the ‘easy times’ are now over as hedge funds jump into the bond market, former Treasury official warns
Hedge funds have doubled their presence in the Treasury market in the last four years.
Business
At the edges of the AI data center boom, rural America is up against Silicon Valley billions
When a multibillion-dollar AI data center proposal pitted developers against a handful of rural Arizona residents, the locals were outgunned and outvoted.
Peter Thiel and Larry Page are preparing to flee California in case the state passes a billionaire wealth tax, report says
The proposal calls for California residents worth more than $1 billion to pay a one-time tax equivalent to 5% of their assets.
U.S. launches strikes against Islamic State group in Nigeria after attacks target Christians
A Defense Department official said the U.S. worked with Nigeria to carry out the strikes and that they'd been approved by Abuja.
Dominion Energy Virginia sues over Trump order to halt offshore wind project, calling it ‘arbitrary and capricious’
Dominion called this week's order “the latest in a series of irrational agency actions attacking offshore wind and then doubling down when those actions are found unlawful.”
Anduril founder Palmer Luckey is among the U.S. defense execs and companies sanctioned by China over arms sales to Taiwan
The sanctions entail freezing the companies’ assets in China and banning individuals and organizations from dealing with them, according to the Chinese foreign ministry.
Mark Zuckerberg gifted noise-canceling headphones to his Palo Alto neighbors because of the nonstop construction around his 11 homes
This isn’t the first time Zuckerberg has clashed with neighbors over real estate projects.
Gen Z founder on ‘AI anxiety’ and being pigeonholed as generation shortcut: that’s the ‘biggest misconception’
"We don't really know what to do but we know it's coming and nobody is moving as fast to solve the problem," said Kiara Nirghin. AI or climate anxiety?
The global empathy crisis that confronts us this Christmas
Empathy levels diminished 14% across the U.S. after the pandemic, with the steepest drop among millennials, according to a United Way survey.
