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In the early days of President Donald Trump’s second term in office, federal websites went dark and data disappeared as the newly formed Department of Government Efficiency set its sights on streamlining the government.
A new report from Redfin found that sellers now outnumber buyers by a staggering 34%. The estimated 1.94 million active home listings versus 1.45 million buyers represents the largest gap in more than a decade of records, according to the real estate site.
The cutbacks would have “minimal impact,” the government said, but economists warned of reduced confidence in inflation data produced by a struggling statistical system.
The dollar rose against major currencies on Friday after data showed better-than-expected U.S. jobs growth in May despite a slowdown from the previous month, suggesting the Federal Reserve might wait longer to cut interest rates.
Data processing of this magnitude requires a staggering amount of electricity, at a time when households in Massachusetts are already reeling from high utility bills and the state is trying to wean itself off fossil fuels to combat climate change.
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U.S. and state officials say the consolidation of the public health agency’s vast trove of information could expose patients and will delay analysis of long-term trends.
If you think the business world is focused on data centers now, just wait. These super-computing facilities have become an important component of modern life, powering everything from smart home appliances to social media to AI chatbots.