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Joe Biden signs executive order to speed data center construction

President Biden issued an executive order today aimed at speeding the development of AI data centers in the US. It directs the Department of Defense (DOD) and Department of Energy (DOE) to lease federal sites to private companies building gigawatt-scale AI data centers and clean power facilities. It also tells federal agencies to “prioritize” and speed up permitting of AI infrastructure. …

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Wholesale prices rose 0.2% in December, less than expected

A measure of wholesale prices increased less than expected in December, providing indication that pipeline inflation pressures eased to close the year though likely not enough to provoke another Federal Reserve interest rate cut anytime soon. The producer price index rose just 0.2% on the month, less than the 0.4% increase in November and below the Dow Jones consensus estimate …

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