Heat Pump Installations Slow, Impeding Biden’s Climate Goals

Heat Pump Installations Slow, Impeding Biden’s Climate Goals

The devices can heat and cool homes more efficiently than furnaces and air-conditioners, but their sales have slowed because of higher interest rates and a slow rollout of federal incentives.
More Semiconductors, Less Housing: China’s New Economic Plan

More Semiconductors, Less Housing: China’s New Economic Plan

Policymakers, wary of inciting reckless borrowing in real estate, are instead investing heavily in factories and trying to help indebted local governments.