Trump warns communities rejecting AI data centers
Trump is pushing towns to accept AI data centers while markets rally and the trade fight with Canada raises costs for Americans — good for big tech, bad for household budgets.
- Trump said communities blocking data centers will end up "backwards and poor," while promising jobs and lower taxes if they accept them.
- Stocks climbed after US strikes on Iran, with the Dow up sharply and the market heading for a fifth straight winning month.
- The tariff fight with Canada is hitting Michigan hardest, with estimates of about $6,000 a year in extra costs per family.
- Corporate profits are booming, but home insurance is getting more expensive with less coverage, and affordable rentals are close to a lottery win.
- Treasury Secretary Bessent is pressing G20 countries to move away from China and toward the US, while dismissing worries about the Iran conflict hurting growth.
Outlook: Expect more fights over data centers, higher consumer prices from tariffs, and a stock market that keeps rising even as household costs climb.