Author: Daniel snow

Kilito Chan | Moment | Getty ImagesElectricity prices are rising quickly for U.S. households, even as overall inflation has cooled.Electricity prices rose 4.5% in the past year, according to the consumer price index for May 2025 — nearly double the inflation rate for all goods and services.The U.S. Energy Information Administration estimated in May that retail electricity prices would outpace inflation through 2026. Prices have already risen faster than the broad inflation rate since 2022, it said.”It’s a pretty simple story: It’s a story of supply and demand,” said David Hill, executive vice president of energy at the Bipartisan Policy…

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Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event on Wednesday, Sept. 25, 2024.Bloomberg | Bloomberg | Getty ImagesWhen Mark Zuckerberg feels the heat, he opens his wallet.The 41-year-old Facebook founder and Meta CEO is on a spending spree like never before in an effort to position his company at the forefront of the artificial intelligence boom and make up for recent costly mistakes in a market that’s rapidly revolutionizing the business world.Following last week’s stunning $14.3 billion investment in Scale AI, which brought with it Meta’s hiring of the startup’s founder, Alexandr Wang, and…

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