Business

Inside Kevin Warsh’s shortest Fed statement yet: five words with no caveats

Buried in the Federal Reserve’s June policy statement—the shortest of Kevin Warsh’s young tenure as chair—is a single sentence with no qualifiers, no...

AI’s productivity gains are years away, but failing to deliver could make debt levels even worse

Economists are waiting for data to indicate AI has delivered on its promises of productivity gains, but that moment is likely years away,...

OPEC+ to pump more oil as market fears shift from shortage to glut 

OPEC+ has agreed to raise oil production by a further 188,000 barrels per day from August, marking the fifth consecutive monthly increase in output...

Trump rings opening bell for Trump Accounts as Treasury commits $1.4 billion in seed money

Monday marked a historic day at the White House for two reasons: it was the first time a sitting president rang the opening...

SK Hynix stock’s US listing could signal whether the market can still boom—or is headed for a bust

South Korean chipmaker SK Hynix isn’t one of the Magnificent 7 stocks but is in a class of its own after pulling off...

Spotify slashes streams of hit after suspicious Kalshi activity

Spotify has removed more than 500,000 registered streams from Malcolm Todd‘s Earrings, after the song’s rise to No. 1 on the platform’s daily...

Anthropic’s Fable and Mythos models are back. But U.S. AI policy is still a mess.

Hello and welcome to Eye on AI. It’s Jeremy here, filling in for Bea, who usually writes the Thursday newsletter. In this edition: Anthropic’s...

Trump’s 927-page disclosure is just a normal Tuesday for direct indexing and crypto wealth managers

President Donald Trump’s latest financial disclosure has drawn attention for its sheer scale: thousands of stock trades, over $1 billion in crypto income,...

Inside Trump’s finances: World Cup ticket gift and over $1 billion in crypto earnings

While President Trump obsessed over tariffs, Iran, the Fed, and the Lincoln Memorial Reflecting Pool during his second term, he was taking care...
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