latest news in economy
How Artificial Intelligence is Unintentionally Accelerating Global Fossil Fuel Production
Washington, Tuesday, 11 August 2026.
A new study reveals that AI applications in fossil fuel extraction increase global emissions by up to 1.8 gigatons annually, vastly outstripping the technology’s climate benefits.
Why Suburban Northeast and Midwest Neighborhoods Are Driving U.S. Housing Demand
New York, Tuesday, 11 August 2026.
Suburban Northeast and Midwest markets lead U.S. real estate demand, where housing inventory remains 60% below pre-pandemic levels, forcing buyers to offer larger down payments to compete.
How Orange County Mayoral Candidates Plan to Boost Local Wages
Orlando, Tuesday, 11 August 2026.
Despite hosting nearly 77 million visitors annually, Orlando ranks 49th among major U.S. metros in median wage. Orange County mayoral candidates are proposing economic reforms to create higher-paying jobs.
Why the Billion-Dollar Artificial Intelligence Boom May Be Built on a Financial Illusion
New York, Monday, 10 August 2026.
Top economist Torsten Slok warns that artificial intelligence profits are funded by investors rather than customers, as hardware makers reap 41% margins while application developers suffer 59% losses.