PJM, the largest power grid operator in the U.S., faces increasing scrutiny as it struggles to balance growing energy demands with the transition to renewable resources. The organization manages the flow of power across 13 states and Washington D.C., but critics argue that outdated systems and slow project approvals are driving up costs for consumers.
American credit card defaults have surged to the highest levels since the aftermath of the 2008 financial crisis, as consumers continue to grapple with years of high inflation. In the first three quarters of 2024, credit card lenders wrote off $46 billion in delinquent loan balances, marking a 50 percent increase from the same period last year. These write-offs, considered a highly monitored measure of loan distress, are the highest since 2010, according to industry data gathered by BankRegData.
President-elect Donald Trump's incoming chair of the Federal Communications Commission, Brendan Carr, sent a letter to Disney CEO Bob Iger, promising to hold the company accountable for prioritizing its content over others that may be more trusted by the American people.
Texas Attorney General Ken Paxton has filed a lawsuit against the National Collegiate Athletic Association (NCAA), accusing the organization of misleading college sports fans by allowing transgender women to compete in events designated for women. Paxton argues that this practice violates the Texas Deceptive Trade Practices Act by deceiving fans who expect to see competitions involving athletes assigned female at birth.
President-elect Donald Trump is suing the Des Moines Register and its leading pollster, J. Ann Selzer, for "brazen election interference" and fraud over a presidential election poll that showed Vice President Kamala Harris leading in Iowa.
The California Energy Commission approved a $1.4 billion plan to create more chargers for electric vehicles (EVs). The policy would result in an estimated 17,000 new chargers.
