Georgia's wildfires could be a preview of a potentially severe fire season nationwide, with swaths of dried-out land primed to burn from coast to coast.
Driving the news: The Highway 82 Fire and Pineland Road Fire have destroyed more than 120 homes, fueled by dry conditions, high winds and leftover debris from 2024's Hurricane Helene.
Tesla's admission that millions of its older cars can't support full self-driving underscores a new reality: software-driven vehicles are starting to age like smartphones — but without an easy upgrade path.
Why it matters: Cars last far longer than phones — about 13 years on average — setting up costly headaches as their hardware struggles to keep up with rapidly evolving features.
The Iran war is trapping the world's central banks with an energy shock that simultaneously undermines growth and stokes inflation, with no good policy response to either.
Each of the world's most important central banks faces that dilemma in policy meetings this week.
Why it matters: From Tokyo to Washington, central banks that were on track to normalize policy are now paralyzed, unsure whether the energy price shock will prove more consequential in causing sustained inflation or in sapping growth.
Iran has more cards to play to avoid the U.S. blockade halting its oil output — at least for now, analysts say.
Why it matters: Oil is Iran's economic lifeblood, and President Trump hopes blocking exports — which eventually causesproduction to halt — will force concessions.
The chances of a mega-merger in the airline industry now appear slim, but a spike in jet fuel prices still has the weakest players scrambling for options.
Why it matters: A prolonged rise in jet fuel prices — a quarter of an airline's costs — will widen the divide between the haves and have nots in the industry, potentially winnowing out some of the budget players.
Meta has reserved generating capacity from Overview Energy, a startup that hopes to deploy satellites that direct solar energy to the ground round-the-clock.
Why it matters: Monday's announcement shows how AI giants are pushing the tech envelope in their quest for electricity.
The carbon removal industry is reframing its pitch to win support in the Trump era, by focusing on energy dominance over climate change.
Why it matters: Billions of dollars have already flowed into a sector built to fight global warming, and its future may depend on how well it fits President Trump's priorities.
Iran gave the U.S. a new proposal to reopen the Strait of Hormuz and end the war, with nuclear negotiations postponed for a later stage, according to a U.S. official and two sources with knowledge.
Why it matters: The diplomacy is in a stalemate, and the Iranian leadership is divided about what nuclear concessions should be on the table. The Iranian proposal would bypass that issue en route to a faster deal.
