Analysis
Following years of criticism directed at Wall Street landlords, the federal government is initiating measures to restrict the ownership of single-family homes by large investors. A new housing affordability law restricts the largest institutional investors from acquiring additional residential properties.
In a historic social media addiction lawsuit in Los Angeles, Meta, the parent company of Facebook and Instagram, has appealed the verdict, contesting the jury’s finding that the business created its platforms to entice young people without regard for their
The number of vessels navigating the Strait of Hormuz adjacent to the Omani coast diminished significantly on Sunday, following a day when several vessels departing that route executed abrupt reversals, highlighting Iran’s persistent attempts to assert control over this critical
The conflict in Iran and the substantial obstruction of the Strait of Hormuz have imposed significant economic distress on numerous nations, causing certain sectors to experience turmoil as they grappled with escalating costs for energy, fertiliser, and chemicals. It may
Apple Inc.’s leading executive responsible for the Vision Pro headset and the company’s smart glasses initiatives is departing for OpenAI, marking a continuation of notable departures to competitors in the artificial intelligence and hardware industries. Paul Meade, a vice president,
Artificial intelligence is entering the workplace and reshaping the landscape. Now, it’s approaching the ballot box, vowing to fundamentally alter the essence of politics. Propelled by an influx of capital from Silicon Valley, AI has become a significant financial influence
US Fed inflation measure shows increasing prices
The most recent update to the Federal Reserve’s preferred inflation measure is not expected to disrupt the increasing agreement within the US central bank regarding the necessity for interest-rate increases this year. Forecasters anticipate that the personal consumption expenditures price
Dutch chip-equipment giant ASML Holding NV is facing its most significant challenge to date under the Trump administration: In a series of recent meetings, Commerce Secretary Howard Lutnick expressed concerns to ASML’s senior leaders regarding the potential unauthorised transfer of
Noise of the Cloud: Hidden Costs of the AI Boom
The heartbeat of the artificial intelligence economy resonates like the low-frequency thrum of a neighbor’s central air-conditioning unit, an aeroplane flying overhead at high altitude, or a truck engine idling down the road. It resembles the continuous, resonant beat of
It is legitimate to wonder when costs for groceries, petrol, plane tickets and other commodities that became more costly during the fight will decrease given the tentative agreement to stop the Iran war. Experts caution against hasty conclusions. Even after