New York Becomes First State To Enact One Year Ban On New Data Centers

New Images Reveal China's Stealth Drone At Secretive "Area 51" Base Aviation researcher Andreas Rupprecht posted footage on LinkedIn that appears to show China’s next-generation high-altitude intelligence, surveillance and reconnaissance drone, an aircraft he estimates is “comparable in size to the US Air Force’s B-21 Raider.” Rupprecht wrote on LinkedIn that the WZ-X drone was spotted at a secretive air base in China’s Xinjiang region, known to some as China’s version of Area 51: Two new images of the PLAAF’s latest and largest intercontinental HALE ISR #UAV, provisionally referred to simply as...

Americans' Savings-Rate Slumps In April As Fed's Favorite Inflation Signal Soars After accelerating significantly in March, The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - rose 0.2% MoM in April (less than expected +0.3% MoM), but pulled up the YoY measure to +3.3% (as expected) - its highest since Nov 2023. The rise in Services costs (headlined by Housing & Utilities, Financial Services, and Healthcare) dominated the increase in Core PCE YoY... The headline PCE...

What JPMorgan Saw Inside Tesla's Fremont Factory As Humanoid Production Nears Retail flows across Asia remained heavily concentrated in newly listed, high-beta names, most notably Chinese robotics maker Unitree following its blockbuster Shanghai debut. The retail craze surrounding physical AI merely shows Beijing's accelerating push to dominate the humanoid market. To close out the week, we pivot across the Pacific for a peek inside the US humanoid-robotics supply chain, where Tesla's Fremont buildout provides a timely indicator of how quickly physical AI is advancing. Rajat Gupta, a JPMorgan analyst who covers Tesla,...