The U.S. Economy Depends More Than Ever on Rich People – WSJ
Many Americans are pinching pennies, exhausted by high prices and stubborn inflation. The well-off are spending with abandon.The top 10% of earners—households making about $250,000...
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Pollution from Big Tech’s data centre boom costs US public health $5.4bn – The Financial Times
“Big Tech’s growing use of data centres has created related public health costs valued at more than $5.4bn over the past five years”, mainly due...
Berkshire Hathaway’s operating earnings surge 71% with record cash pile – CNN
Warren Buffett’s Berkshire Hathaway (BRK.A) on Saturday reported operating earnings for the fourth quarter rose 71% after taxes year-over-year to a record $14.5 billion. Berkshire...
U.K. Inflation Reaches 10-Month High, Complicating Bank of England’s Rate Path – WSJ
U.K. annual inflation in January reached its highest level since March last year, complicating the picture for the Bank of England after it said it...
Fed Minutes Reveal Little Appetite for Near-Term Rate Cuts – WSJ
Fed officials were broadly comfortable with their decision to hold interest rates steady at their meeting last month and offered nothing to suggest any immediate...
Microsoft unveils chip it says could bring quantum computing within years – The Guardian
Quantum computers could be built within years rather than decades, according to Microsoft, which has unveiled a breakthrough that it said could pave the way...
Behind DeepSeek lies a dazzling Chinese university – The Economist
Ahuge statue of Mao Zedong still stands near the entrance to Zhejiang University, surveying the transformation of the eastern city of Hangzhou, 175km south-west of...
Google builds AI ‘co-scientist’ tool to speed up research – The Financial Times
Google has built an artificial intelligence laboratory assistant to help scientists accelerate biomedical research, as companies race to create specialised applications from the cutting-edge technology....
U.K. Wages Gather Pace, Complicating Bank of England’s Task Ahead – WSJ
Wages grew at a faster rate in the U.K. at the end of last year, posing a potential headache for the Bank of England after...
RBA Joins Wave of Global Central Bank Easing With First Rate Cut Since 2020 – WSJ
The Reserve Bank of Australia cut interest rates for the first time since 2020 on Tuesday, joining its international counterparts in the global easing cycle...