Higher electricity demand means higher electricity investment

Two sounds across much of the country this morning: the AC grinding away and the ticking up of your electric bill. With hotter temperatures and AI-driven data centers drawing so much power, investors are putting money into the power industry. Global investments in electricity could reach 50% more than what’s spent on bringing coal, natural gas, and oil to market. Plus, Fed Chair Jerome Powell testified before the House yesterday, and FIFA’s Club World Cup isn’t generating as much hype as hoped for.