Fortis’ News of the Week:
- AI and Crypto are creating intense pressure on power grids, leading some to believe North Virginia could be without reliable power as soon as 2027.
- Gen Z shoppers lean into bulk buying as memberships at stores like Costco and Sam’s Club increase 63% for those 27 and under.
- Walmart delivery drone shot down during mock delivery, highlighting safety concerns and challenges regarding drone operations.
- Boeing to plead guilty to fraud after two of its 737 Max planes crashed, resulting in the death of 346 passengers.
- US consumer borrowing increased by the most in 3 months for May. Much of which was reflected in credit card balance increases.
