Middle-class Americans are paying for the data center and AI boom with higher electric bills and even food costs, Goldman Sachs warns
In a note to clients on Wednesday, Goldman Sachs analysts Manuel Abecasis and Hongcen Wei forecasted that consumer electricity inflation would jump 6% from 2026 to 2027 before decelerating to…
Friday the 13th brings global selloff in stocks and gold as AI fear grips markets
It’s not just tech stocks that are in the crosshairs. Losses were imposed on non-tech companies too, as investors became paranoid about how much damage AI might inflict upon sectors…
We’ve probably already seen ‘peak Trump,’ says Pimco, with the Oval Office now constrained by courts and midterms
On top of that, Trump must navigate the run-up to the midterms later this year. Fiscal stimulus from the One Big Beautiful Bill Act is likely to address ongoing affordability…
Actress Jennifer Garner just took her $724 million organic food empire public. She started her career making just $150 weekly as a ‘broke’ understudy
“I just realized that I liked drama … At the time, I planned a career in the theater; I didn’t even consider film or TV,” Garner told the Independent. “I certainly…
Marc Andreessen made a dire software prediction 15 years ago. Now it’s happening in a way nobody imagined
Fifteen years later, in February 2026, Andreessen’s prophecy has been fulfilled in a manner that even the biggest bulls failed to predict. Software did indeed eat retail (Amazon), video (Netflix),…
New York Fed economists confirm that Americans are the ones footing the bill for 90% of Trump’s tariffs
Despite President Donald Trump insisting it’s foreign businesses paying for his raft of tariffs, mounting data indicates that, actually, American households and businesses are footing the bill for his import…
Workday shed $40 billion in value. Founder Aneel Bhusri is back with a $139 million bet he can turn it around
Bhusri’s return to the top job at the human resources software company reflects the belief that only a founder with billions on the line and a personal legacy at stake…
Matt Shumer’s viral blog about AI’s looming impact on knowledge workers is based on flawed assumptions
It is true that there are benchmarks that show the most recent AI models making rapid progress on professional tasks outside of coding. One of the best of these is…
Instagram boss reveals he’s paid $900k per year plus stock worth ‘tens of millions of dollars’ as he denies ‘addiction’ claims
Mosseri, who has led Instagram since 2016, revealed under questioning that he is paid roughly $900,000 a year and receives annual performance-based bonuses that can be up to half his…
One of Wall Street’s most feared hedge fund managers on the decline of the dollar: gold is ‘becoming the reserve asset’
Gold blasted past $5,300 per ounce last month as President Donald Trump’s hawkish foreign policy and tariff threats sent investors to safer assets. At the same time, U.S. deficit spending…
