Texas Falls Short of Its Big Grid Overhaul After Deadly Winter Storm
Texas lawmakers had ambitious plans this year to overhaul the state’s electricity market with proposals that favored fossil-fuel plants and hampered renewable-power development.
Bloomberg Business
ChatGPT Risks Divide Biden Administration Over EU’s AI Rules
Biden administration officials are divided over how aggressively new artificial intelligence tools should be regulated — and their differences are playing out this week in Sweden.
Wells Fargo CEO Says ‘There Will Be Losses’ From US Office Loans
Wells Fargo & Co. Chief Executive Office Charlie Scharf said there are significant risks to segments of the US office sector and that his bank will see losses stemming from real estate loans.
Ukraine’s Allies Push Back on Striking Targets in Russia
The US and European allies urged caution on whether Ukraine should have the right to strike inside Russia, amid concerns that a potential escalation could drag them into a broader war.
Apple Headset Enthusiasm Is Absent on Wall Street
The prospect of Apple Inc.’s first new product category in nearly a decade could hardly be attracting less of a fanfare on Wall Street.
How Much Coffee Are Americans Drinking? Soon Nobody Will Know
The most important data point used to gauge the health of the US coffee industry has suddenly gone dark, giving an added advantage to the biggest trading houses and roasters.
Jailed Kurd Politician Who Backed Erdogan’s Rival Quits Politics
A prominent Kurdish politician who’s spent the past half decade in prison said he’s quitting Turkish politics after trying to rally opposition in a failed bid to topple President Recep Tayyip Erdogan.
Gasoline Prices Almost Triple in Nigeria as Tinubu Dumps Subsidy
Nigeria’s state oil company almost tripled the pump price of gasoline after President Bola Tinubu said he’ll fulfill a pledge to scrap fuel subsidies that cost the government $10 billion last year.
Private Jets Will Survive, But Using Them Will Likely Cost More
Private jets have long been lightning rod for climate protesters, who brand them as polluting toys enjoyed by a tiny group of ultra-privileged travelers. For the company behind the popular Dassault Falcon model, banning the aircraft won’t solve the issue, while making them run on alternative fuel could help cut emissions.
US Mortgage Rates Rise to Near Seven-Month High of 6.91%
US mortgage rates surged to the highest level since early November last week, stifling demand for home purchases and refinancings.
