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Data center development turns some landowners into millionaires: “Who wouldn’t jump at the opportunity?”

While the construction of data centers in the U.S. has received significant opposition, some people have cashed in, becoming newly minted millionaires after selling their land to developers.  More than 70% of Americans don’t want data centers in their area, according to a recent Gallup poll, citing concerns like noise, environmental impacts and the strain such projects can…

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“Supersized” El Niño’s harshest weather still ahead, including extreme heat, drought, floods, U.N. warns

With the burgeoning El Niño now forecast to intensify significantly in the coming months, the “supersized” climate event will likely have an outsized impact on severe weather around the world, fueling heat, drought and flooding, among other extremes, the United Nations warned Thursday. “El Niño is being supersized before our eyes,” U.N. Secretary-General António Guterres said…

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July PCE inflation index held at 3.7% annual pace, slightly hotter than expected

The Personal Consumption Expenditures index — the Federal Reserve’s preferred inflation measure — held at a 3.7% annual pace in July, slightly higher than forecasted and reflecting persistent cost pressures for consumers. Economists polled by FactSet had predicted a 3.6% annual increase. Wednesday’s report instead showed that inflation remained unchanged from June. PCE tracks changes…

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