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If you want to know how to fix America’s housing crisis, look no further than the stark divide playing out along the Hudson River.In Manhattan, where years of heavy regulation, strict zoning laws and a sub-2% vacancy rate have choked off new development, rents have just hit historic records. But in neighboring Jersey City, a massive post-pandemic building boom has forced landlords to compete on price, driving local rents down […]

The Federal Reserve's preferred inflation gauge remained stubbornly high in April as consumers continued to face elevated price growth.The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index rose 0.4% on a monthly basis in April and is up 3.8% from a year ago. The monthly figures were slightly cooler than the 0.5% increase expected by economists polled by LSEG, while the annual figure was in line with expectations.HOW […]

Sen. Elizabeth Warren, D-Mass., is advocating for targeting the artificial intelligence industry with taxes."It's time to tax AI and invest in people," the left-wing lawmaker asserted.She has floated the prospect of taxing the energy consumed by AI data centers.SEN WARREN BLASTED FOR CHEERING BLOCKING OF MERGER THAT MIGHT HAVE SAVED SPIRIT AIRLINES"Rethinking our tax code must also include going to the source: that means taxing AI companies directly, which can […]