Economics
The largest private debt offering ever made carries a 6.581 percent coupon and an A+ rating. The market has already put a price on the gap between those dates — about 140 basis points. It could not price the cap on the guarantee, because nobody has published it.
Economics
The 2026 Trustees Report calls Social Security's shortfall the largest since 1977 and blames fertility, immigration and a tax law. It contains no variable for the thing happening to wages — which are the only thing a payroll tax is levied on.
Economics
Only 890 of the 3,590 megawatts Google contracted adds generation. The rest is a 15-year revenue guarantee for Constellation's existing fleet — signed the week FERC suspended the public auction for the same shortage.
Economics
Nebraska built the audit the industry usually avoids, closed one tax incentive, and gave data centers until September 30 to answer. The returns arrived with the water, power and refund figures blacked out as trade secrets. Google's three Nebraska entities expect $117.6 million back.
Economics
The NDA cost Amazon little and cost counties the power to price water, power and tax terms before they voted. Microsoft dropped the same clause in March; a House committee asked on September 30 why Amazon hadn't. It answered two days later — and wouldn't say if the promise covers contractors.
Economics
Georgia forgoes $2.5 billion a year for data centers its own audit says would have been built anyway. One Mississippi county is repaying a $215 million loan taken out for Amazon — and its school district discloses none of it.
Economics
A federal court held that Anthropic's guardrails make it a supply-chain risk. A federal agency is now asking whether its products harm consumers. Same feature, opposite findings — and the leaked prospectus invents a vehicle so shareholders cannot rule on either.
Economics
Nvidia added $150 billion to its repurchase program on Monday. Alphabet and Meta spent nothing on buybacks in the first half of the year — they issued debt and equity instead, and Alphabet's free cash flow went negative.
Economics
Stanford's 19% gap and the NBER's null result are both correct — one measures employment levels, the other unemployment rates. The adjustment runs through reduced hiring; both new state statutes are keyed to layoffs.
Economics
Connecticut starts requiring employers to say whether AI caused a layoff on October 1. California's robo-boss rule — unsigned on today's deadline — would not bind anyone until July 2027, and it exempts union workplaces that waive it.
Economics
Seven bills end the socialized transmission costs that put data center grid upgrades on California households. The stringency — and the number — was deferred to a commission that will hear the same lobbying.
Economics
Its ad API lets an agent create, update or delete a campaign and read the billing. Its Agent Policy makes one touching a seller account identify itself and hand Amazon a kill switch. The difference between the two regimes is whose money is at risk.