Heating Costs Will Rise 7% on Average This Winter
People who use heating oil will see increases of around 70 percent because the war in Iran has greatly reduced supply of that fuel.
Trump Officials Clashed Over Megaspeed, Firm at Heart of Nvidia Affair
Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick last week about why the administration had not put restrictions on advanced chip sales to Megaspeed.
Lebanon Faces Economic ‘Catastrophe’ After War and Years of Mismanagement
Hezbollah’s conflict with Israel and the U.S.-Israel war with Iran have made systemic problems worse, causing the cost of living to soar and driving many Lebanese to despair.
Data Show Households Still Managing to Meet Their Monthly Debts
The New York Fed detailed general steadiness in debt payments for autos, student loans and mortgages.
Elevated Inflation Keeps Pressure on Fed to Raise Rates
October’s Consumer Price Index report showed a broadening of price pressures that has stoked concerns about the Federal Reserve’s grip on inflation.
Could the Voter Backlash Against A.I. Actually Help the Economy?
Voter backlash could threaten the data center boom. Some economists think that could be a good thing.
U.S. Commerce Dept. Inquiry Into Megaspeed Was Halted After Nvidia Intervention
An investigation into Megaspeed, a Singapore company that was buying advanced Nvidia A.I. chips, was transferred to the Justice Department after a top Nvidia executive reached out to Commerce Department officials.
U.S. Cleared Nvidia Chips to Chinese Firms With Empty Offices and Troubling Ties
The Commerce Department has approved dozens of Chinese companies to handle Nvidia’s H200 chips, some of which have ties to firms under sanctions over national security.
Strong Hiring Reinforces a Sturdy Job Market
Unemployment fell in October, extending years of stability for a U.S. work force threatened by inflation and artificial intelligence.
A.I. Was Supposed to Come for Our Jobs. So Far, Evidence Is Mixed.
White collar industries that are most exposed to artificial intelligence continued to add jobs in October, although that growth has been weak.
Stable Labor Market Keeps Fed on Track to Raise Rates Gradually
The Federal Reserve decided against raising interest rates at its meeting last week, but it is widely expected to move again in December to help tame inflation.