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US plans to develop AI projects on Energy Department lands

GLOBAL BUSINESS AND FINANCE MAGAZINE
April 22, 2025
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The administration of President Donald Trump said on Thursday it has identified 16 potential sites on U.S. Department of Energy lands where data centers and power plants supporting the boom in artificial intelligence can be developed. WHY IT’S IMPORTANT Rapid growth in AI is leading to the first boom in U.S. power demand for two decades sending Big Tech and […]

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Tariffs, the dollar, and equities: High-frequency evidence from the Liberation Day announcement

GLOBAL BUSINESS AND FINANCE MAGAZINE
April 17, 2025
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On 2 April 2025, the US announced tariffs on most of its trading partners, creating a major trade policy shock to the world economy. This column shows that the US dollar depreciated on impact, rather than appreciating as expected based on standard theory and prior evidence. The authors argue that this unusual transmission impact of […]