10-3
Amazon pledges $1 billion over five years for data center communities, says U.S. cannot lose the AI race
Amazon said it will invest an additional $1 billion over the next five years in communities where it builds data centers, directing funds to education, job training, energy affordability and resource preservation. The company is framing the move as part of a push to keep pace in artificial intelligence as electricity demand rises. A report from Schneider Electric projects U.S. electricity demand will increase by 16% by 2029, driven mainly by the spread of data centers. Grassroots opposition has blocked at least 45 data center projects across 27 states valued at $68 billion, according to Environment America.
10-3
9-27
FAA probes Boeing 737 Max software glitch that could disengage guidance system during goarounds
The U.S. Federal Aviation Administration is investigating a software glitch on some Boeing 737 Max jets that could cause an automated flight guidance system to disengage during an aborted landing, known as a goaround. The issue involves specific versions of the flight management computer operating system, and Boeing expects a permanent fix to be ready in 2028. The problem could also push back deliveries of the 737 Max 7.
9-27
9-22
53 former federal prosecutors say Trump media firm’s $100,000 Truth API early-access plan may be criminal
A group of 53 former federal prosecutors and law enforcement officials told a court that Trump Media & Technology Group’s plan to sell Wall Street investors early access to President Donald Trump’s Truth Social posts may amount to federal crimes. The company’s Truth API data feed charges $100,000 and promises “realtime access to posts from the highestranking Truth Social accounts.” The service sits at the center of a Southern District of New York lawsuit brought by the Intercept and the Freedom of the Press Foundation, which is seeking a preliminary injunction to stop the early-access transmission.
9-22
9-18
U.S. gas climbs 7 cents overnight to $4.44 a gallon as diesel hits record $6.40
The U.S. national average for gasoline rose 7 cents overnight to $4.44 a gallon, up nearly 50% since before the Iran war began in February. Diesel prices hit a record $6.40 a gallon, up 77 cents since the start of September, with California averaging $8.35. Analysts said gasoline could reach $4.50 later this week and diesel could climb to $6.60 as soon as this weekend. Ongoing conflicts involving Iran and Russia are squeezing global refining capacity and oil supplies, keeping fuel costs elevated.
9-18
9-18
Fed delivers first rate hike in three years as Warsh signals more increases may follow
The Federal Reserve launched its first interest-rate increase in more than three years to confront persistent inflation. Crude oil prices pushed above $100 a barrel amid the Iran war, driving gasoline up 38% from a year earlier and lifting the CPI to a three-year high of 4.2% in May, before it held at 3.4% in August. Policymakers projected one additional hike in 2026, and Kevin Warsh said the Fed could raise rates further if necessary. The Dow fell 631 points, or 1.2%, on the day.
9-18