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On Friday Tesla (NASDAQ:TSLA) CEO Elon Musk issued a stark warning regarding the U.S. national debt, stating that America is on a path to bankruptcy. Musk emphasized the necessity of advancements in artificial intelligence and robotics to avert this financial crisis. In a recent podcast appearance, Musk declared, “We are 1,000% going to go bankrupt…
Plenty of observers already had doubts that, as Donald Trump put it on President’s Day, the U.S. has entered a “new golden age of prosperity.” Now, with the Supreme Court ruling negating a wide swath of the Trump tariffs, an already gloomy outlook has suddenly become much darker. The new 10-year budget forecasts from the…
Demand for coal in China is expected to be flat this year and then to decline slowly over the next few years © Na Bian/Bloomberg Global coal demand is set to reach a record high for 2025 after the US recorded a rise, the latest data shows, highlighting the difficulties of the world quitting the…
A vast data center in Plano, Texas, is a symbol of the enormous AI infrastructure boom that has boosted stock markets and driven U.S. economic growth over the past year. The data center occupies more than 450,000 square feet and cost $1.6 billion to construct and equip. It supplies 30 megawatts of computing power to…
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Updated Jan. 23, 2026, 3:11 p.m. ET Lansing — Attorney General Dana Nessel on Friday filed a federal antitrust suit against the nation’s largest oil companies, arguing the businesses had acted as a “cartel” to restrain trade and slow renewable energy competition and growth. The result, the attorney general argued in a statement, has been…