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Intelligence for the New World Economy
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Business
AI is an inflation problem, Fedâs Goolsbee says
Chicago Fed President Austan Goolsbee warns of âspilloverâ from AI price spikes into unrelated parts of the economy.
Trump crosses country in bid to save midterms
The presidentâs goal remains persuading his loyalists to turn out in an election where he isnât on the ballot.
The World at a Glance
Updated 6:45pm EDT
1
US President Donald Trump said Washington was still sharing intel with Kyiv after Ukraineâs leader said he received no advance warnings from Western partners before a Russian missile strike.
2Iran and Russia are escalating their hybrid warfare campaigns against the UK, the head of MI5 warned, calling Russia âaggressor no. 1.â
3AI may soon be able to self-replicate across internet-connected devices, Anthropic warned, raising the possibility of so-called âbotnetsâ that would be difficult to stamp out
4The IMF warned that âzombie companiesâ comprise more than a fifth of Asiaâs outstanding corporate debt, potentially posing a systemic risk.
5Nvidia CEO Jensen Huang said he plans to unveil $2 billion in new European investments next week, as the continentâs economies get a boost from AI.
6Bumble agreed to a $1.3 billion acquisition that would take the dating app private, after years of falling revenue amid a shift in online dating habits.
Congress battle drifts deeper into red territory
The battle for Congress is shifting deeper into red territory as both parties deem some races essentially over.
Trump AI directive sparks questions
An Anthropic incident in which a testing model submitted visa applications, according to a State Department spokesman, spurred the task forceâs first âaction.â
Swing-district Democrats keep focus on high prices
Controversies arpimd the Trump administrationâs immigration enforcement and foreign lobbying arenât steering Democrats away from talk of affordability.
More anti-Trump billboards hit the heartland
Home of the Brave is nearly doubling its billboard campaign in Michigan, Ohio, and Iowa.
Trump faces Russia diesel deal blowback
The US president defended his deal with Moscow to suspend export sanctions on Russian fuel, calling it âthe right choice.â
Meta has reached AI âfrontier,â Zuckerberg says
Mark Zuckerberg said Meta had reached the âfrontierâ of AI capabilities with the release of its latest Muse model.
Attacks on Riyadh threaten Saudi confidence
The Houthi attacks threaten the kingdomâs efforts to project its business-as-usual approach, and official silence is unsustainable.
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Politics
US is still sharing intel with Kyiv, Trump says
Ukraineâs leader said he received no advance warnings from Western partners before a Russian missile strike on Tuesday.
Aleksandra Szmigiel/Reuters
Trump crosses country in bid to save midterms
The presidentâs goal remains persuading his loyalists to turn out in an election where he isnât on the ballot.
Evan Vucci/Reuters
Congress battle drifts deeper into red territory
The battle for Congress is shifting deeper into red territory as both parties deem some races essentially over.
Jonathan Ernst/Reuters
More Americans view Democrats favorably as midterms inch nearer
More than half of Americans say Democrats would do a better job keeping the US prosperous, while only 37% believe Republicans would, according to Gallup polling.
Trump AI directive sparks questions
An Anthropic incident in which a testing model submitted visa applications, according to a State Department spokesman, spurred the task forceâs first âaction.â
Trump weighs Guilfoyleâs future
Kimberly Guilfoyleâs future as US ambassador to Greece is in question following critical reporting.
Why would anyone want this job?
Would-be presidential candidates have reason for pause.
Swing-district Democrats keep focus on high prices
Controversies arpimd the Trump administrationâs immigration enforcement and foreign lobbying arenât steering Democrats away from talk of affordability.
More anti-Trump billboards hit the heartland
Home of the Brave is nearly doubling its billboard campaign in Michigan, Ohio, and Iowa.
Trump faces Russia diesel deal blowback
The US president defended his deal with Moscow to suspend export sanctions on Russian fuel, calling it âthe right choice.â
Obama cuts ad in Mississippi Senate race
Democrats are hoping nominee Scott Colom delivers an upset in the deep red state in the November midterm elections.
Business
Asia is worldâs largest producer of âzombieâ firms, IMF warns
Zombie firmsâ debt share has more than doubled since 2008.
Patipat Janthong/Reuters
Bumble to go private in $1.3B acquisition
The company has faced years of falling revenue amid a shift in online dating habits.
Nvidia to announce $2B in European investments
Nvidia CEO Jensen Huang said he plans to unveil $2 billion in new European investments next week, as the continentâs economic prospects get a boost from AI.
Voltaâs $5 billion debt deal is a pulse check on the AI-financing boom
Debt marketed this week for an Anthropic-backed project in Norway shows lendersâ skittishness; high interest rates and a credit-rating provision.
US house sales drop to 12 year lows as borrowing costs spike
Increasing energy prices and higher-for-longer inflation expectations have sent mortgage rates to recent records.
