Quartz

Quartz (qz.com) is an online publication that focuses on business news from around the world. It is owned by Atlantic Media Co., which also publishes well-known titles like The Atlantic, National Journal, and Government Executive. The Quartz team consists of 150 professionals who have experience from leading business journalism outlets, including Bloomberg, The Wall Street Journal, The Economist, and The New York Times. The publication initially partnered with four sponsors: Boeing, Chevron, Cadillac, and Credit Suisse. Quartz primarily targets a global business audience, emphasizing international markets. Its articles provide insights into the global economy, covering topics such as geopolitical issues and various policies and regulations.

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New single-family home sales dropped drastically in May

1 day ago | qz.com | Hannah Parker

Sales for new single-family homes are on the decline. Last month, sales dropped by 13.7% compared to April. This brought sales down from 722,000 in April to 623,000 in May, according to newly released data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Suggested ReadingNew home sales in May were also 6.3% lower than the year prior in May 2024. Rising housing costs likely contributed to the decline.
Americans can’t afford record high rental and housing costs

1 day ago | qz.com | Hannah Parker

Drew Angerer/Getty ImagesHigh housing costs coupled with high interest rates are pricing the average American out of the housing market, causing the lowest level of home sales in 30 years, according to a new study from Harvard University.
AI data centers could need 30 times more power by 2035: Deloitte

3 days ago | qz.com | Jackie Snow

The electricity demands of AI data centers are set to explode over the next decade, surging from 4 gigawatts today to 123 gigawatts by 2035, new Deloitte research shows. Suggested ReadingThat thirtyfold increase won't happen without major hurdles. The report identifies seven critical gaps in AI infrastructure development that the firm says could constrain the technology's growth if not addressed. The biggest challenge is timing.
Trump gets MAGA backup in his war against Fed's Jerome Powell

1 week ago | qz.com | Joseph Zeballos-Roig

President Donald Trump's extraordinary offensive against Federal Reserve Chair Jerome Powell is drawing back-up from another administration official. Suggested ReadingBill Pulte, director of the Federal Housing Finance Agency, pushed for Powell's resignation in a Fox Business interview on Friday. It follows an identical string of attacks from Pulte against the central bank chief on social media.
IBM stock gets a price target hike from Wedbush on AI comeback

1 week ago | qz.com | Shannon Carroll

IBM might not be the first company that comes to mind when you hear “AI powerhouse.” But in 2025, Big Blue is busy showing it might just be the most underrated player in the AI arms race. Suggested ReadingA new research note from Wedbush Securities is the latest vote of confidence.
Tesla to build its first grid-scale battery plant in China

1 week ago | qz.com | Shannon Carroll

While the rest of the world focuses on Tesla’s robotaxis and Cybertrucks, Elon Musk is quietly building a power play — literally. Suggested ReadingOn Thursday, Tesla signed a roughly $557 million agreement with the Shanghai government to build its first large-scale energy storage station in China, marking a significant expansion of the company’s growing energy business.
What to expect from Tesla's robotaxi launch this weekend

1 week ago | qz.com | Shannon Carroll

After years of delays and bold promises, Tesla is preparing to launch its first robotaxi service on June 22 in Austin, Texas — though the rollout will be far more limited and cautious than CEO Elon Musk once envisioned. Suggested ReadingThe pilot launch is less of a truly autonomous debut and more of a tightly controlled test with serious investor implications.
Interest rate cuts should happen July

1 week ago | qz.com | Joseph Zeballos-Roig

A top Federal Reserve official said Friday he believes the central bank should move ahead with an interest rate cut next month. Suggested Reading"I think we’re in the position that we could do this as early as July,” Federal Reserve Governor Christopher Waller said in a CNBC interview. “That would be my view, whether the committee would go along with it or not.”Waller added he doesn't expect inflation that might stem from tariffs will reach a significant level or linger for a prolonged period.
Elon Musk's SpaceX Starship rocket explodes during routine engine test

1 week ago | qz.com | Shannon Carroll

SpaceX’s rocket may be built to go to Mars — but for now, it can’t seem to make it through Earth’s atmosphere in one piece. Suggested ReadingSpaceX’s Starship rocket erupted in flames during a routine engine test late Wednesday night, the latest in a growing series of failures for Elon Musk’s spacecraft. The blast lit up the night sky in South Texas and sent debris flying on the company’s Starbase test site near Brownsville. It was the fourth Starship to be lost this year alone. Musk’s reaction?
CFPB avoids GOP defunding in Trump bill

1 week ago | qz.com | Joseph Zeballos-Roig

A top Senate official decided that Republicans can't defund the Consumer Financial Protection bureau and other regulators in President Donald Trump's megabill, according to Democrats on the Senate Banking Committee.