US Economy
U.S. economy grows 4.3% in third quarter, beating forecasts
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The U.S. economy expanded at a robust 4.3% annualized rate in the third quarter of 2025, surpassing expectations and accelerating from the previous quarter's 3.8% growth. The data, delayed by a government shutdown, highlights strong consumer spending despite rising concerns over inflation and job security. President Trump attributed the surge to his tariffs and tax policies.
In an opinion piece, Nathan Lord argues that America cannot lead in artificial intelligence without securing reliable energy sources, particularly natural gas. He highlights China's superior electricity generation and urges building data centers near fuel supplies in regions like the Shale Crescent. Without such measures, the US risks falling behind in the global AI competition.
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As the US pushes for manufacturing repatriation, Taiwan Semiconductor Manufacturing Company (TSMC) is grappling with unexpected challenges in building a massive chip factory in the desert north of Phoenix, Arizona. Unlike Taiwan's single-permit process, the US's complex regulatory maze requires the firm to create around 18,000 rules from scratch, costing US$35 million. TSMC chairman C.C. Wei says this is no longer just a business investment but an expensive social experiment in transplanting industrial culture.
Missouri and Texas players split a near-$1.8 billion Powerball jackpot. The event occurred on September 7, 2025, marking a significant lottery win.