Slowing declines: The heightened demand for AI is expected to prop up fossil fuels and slow emissions declines, according to the latest New Energy Outlook report from BloombergNEF. While renewables and storage are expected to account for more than half of the power capacity needed by 2035 to meet data center demand, almost two-thirds of additional electricity generation will come from fossil fuels like coal and gas. Read more from Bloomberg. A subscription may be required.
New policy: Last week, Zillow announced a new policy that bans home listings from appearing on the platform if they were first listed for sale in private networks more than 24 hours before appearing on the Multiple Listing Service, or MLS. It’s an attempt by Zillow to keep more inventory on the “public” housing market. “If a listing is online, it should be online everywhere. … If a listing is marketed to any home shoppers, it should be marketed to all home shoppers,” writes Zillow. Read more from Fast Company.
Unemployment: U.S. consumer spending has benefited from strong wage growth and low unemployment so far, but it faces huge risks if the upheaval sparked by President Donald Trump’s trade policy persists, bank executives are warning. “By far the most important variable is unemployment. If the labor market remains very strong, consumer credit will probably be fine,” JPMorgan Chase CFO Jeremy Barnum said last week. Read more from Reuters.
