Business

President Trump is discussing a bill with Senate Leader John Thune to protect households from rising electricity costs caused by expanding data centers.

NASA awarded SpaceX a $946 million contract extension for three more astronaut missions to the ISS through 2030, raising the total deal value to $5.92 billion.

Global equity funds suffered their largest weekly outflow in nine months, losing $23.21 billion, as rising oil prices fueled inflation fears and expectations of Fed rate hikes.

French Finance Minister Roland Lescure warned that calls to slow AI development benefit US leaders, urging Europe to accelerate its own progress to manage risks.

New York Governor Kathy Hochul has recommended that local governments seek community investments of at least $1 million per megawatt from developers proposing new data centers.

China's new Pinglu Canal offers inland businesses a cheaper trade route to Southeast Asia, but its long-term commercial viability and cost savings remain to be proven.

Ark Invest's Cathie Wood called the pledge by AI leaders to slow development a positive step to safeguard the industry and manage risks.

John Ternus succeeds Tim Cook as Apple CEO on September 1. He faces significant challenges navigating the company through the AI era while managing complex supply chain and market pressures in China.

DeepSeek is recruiting a specialized team to develop AI agent software, aiming to compete with Anthropic’s Claude Code and expand its presence in the automated business tools market.

Singapore bank employees are gaining significant wealth through employee share purchase plans as bank stocks reach record highs, though experts advise caution regarding market risks and individual plan conditions.

China can win the AI race by providing affordable, open-weight models that businesses find "good enough," challenging US dominance through accessibility and cost-efficiency rather than just superior performance.

India’s rapid transition to E20 ethanol-blended fuel has sparked consumer backlash over vehicle performance, mileage losses, and limited fuel choices. Experts suggest improving storage standards and offering alternatives to restore public trust.