Investors May Be Hitting Pause on the AI Run-Up
Investors are pausing the AI rally as chip stocks tumble from record highs. The Nasdaq‑100 fell 3.3% and the S&P 500 slipped 1.4% after a sell‑off sparked by concerns over high‑cost AI compute. Executives struggle to track AI operating expenses, with only 26% having full visibility, and firms like Uber have already exhausted their AI budgets. While commodity compute costs are falling, the price of frontier models from OpenAI and Anthropic stays steep, keeping demand for AI compute far above supply.
Trump's America Faces Global Side-Eye
A new Pew Research Center poll of 40,000 adults in 36 countries shows 76% lack confidence in President Trump, while only 23% express trust. Global favorability toward the United States fell sharply, with 57% viewing the nation unfavorably and half...
White House Quiet on OpenAI's Mythos-Like Model
OpenAI unveiled GPT-5.5-Cyber, an upgraded cybersecurity model that outperforms Anthropic’s Mythos 5 on the internal CyberGym benchmark, achieving an 85.6% score versus 83.8% for Mythos. The release came with little political attention, contrasting sharply with the Trump administration’s export‑control actions against...
China's AI Advances Collide with U.S. Safety Debate
China’s new open‑source GLM‑5.2 model has matched the agentic capabilities of leading U.S. models such as Anthropic’s Opus 4.8, signaling a rapid closing of the AI quality gap. U.S. officials, including former AI czar David Sacks, warn the United States now...
10 Years Since Brexit, and the Results Are In
A decade after the 2016 referendum, the United Kingdom’s economy has expanded only about 13%, roughly half the growth rate of the United States over the same period. Research from Stanford, the Bank of England and other institutions estimates Brexit...
Axios-Ipsos Poll: Health Affordability Is Shaping the Midterms
An Axios‑Ipsos poll of 1,189 U.S. adults finds health‑cost concerns are shaping voter preferences ahead of the 2026 midterms. About half say drug‑price and insurance‑affordability measures will influence their vote, with 54% favoring direct‑to‑consumer drug sales and roughly 60% supporting...
Nvidia Says AI's Water Challenge Is Largely Solved
Nvidia announced at London Climate Week that its next‑generation AI infrastructure uses a high‑temperature liquid coolant, operating at 113 °F, to dramatically cut water‑intensive chiller use in data centers. The recirculated water‑propylene glycol mixture could reduce cooling‑related water consumption by up...
Welcome to America, World Cup Visitors. Don't Forget to Tip.
Millions of World Cup fans are arriving in the United States and encountering a uniquely American practice: tipping. To prevent accidental short‑changing servers, many host‑city restaurants are automatically adding a 20% gratuity to tourist bills. Owners like Teneshia Murray Butler...
Trump Says He "Would Rather Not Have" His North American Trade Deal
President Donald Trump told reporters in Paris that he would "rather not have" the U.S.-Mexico-Canada trade agreement (USMCA), hinting he may let it lapse or be terminated. The USMCA is slated for a mandatory joint review by July 1, 2026, which...
Fed Leaves Rates Steady in Warsh's First Meeting
The Federal Open Market Committee kept its target rate at 3.5%‑3.75% during Kevin Warsh’s first meeting as Fed chair, marking a fourth consecutive hold. Warsh’s 130‑word statement omitted forward guidance, signaling a shift toward a more data‑driven approach. He also...
Trump's AI Export Strategy Runs Into Trump's Export Controls
The Trump administration’s American AI Exports program, launched by a July 2025 executive order, aims to bundle AI models, tools and infrastructure for fast‑track licensing to allies. A dispute erupted when the Commerce Department placed export controls on Anthropic’s Fable 5...
What a U.S.-Iran Peace Deal Could Mean for Energy, Inflation
A prospective U.S.-Iran peace agreement could reopen the Strait of Hormuz, allowing oil‑laden vessels to resume transit and easing one of the Fed's biggest inflation risks. President Trump highlighted the early movement of ships, but analysts warn that lingering mines...
Oil Prices Fall on US, Iran Deal Announcement
Crude oil prices dropped more than 4% on Sunday, reaching three‑month lows after the United States and Iran announced a cease‑fire extension that could reopen the Strait of Hormuz. Brent crude fell 3.6% to $84.21 a barrel, while U.S. WTI...
ABC's FCC Fight Could Redefine Press Freedom
ABC is fighting the FCC’s attempt to apply equal‑time rules to its talk‑show programming, arguing the move violates long‑standing press‑freedom precedents. FCC Chair Brendan Carr contends that shows like "The View" must treat political candidates equally under the "bona‑fide news...
The Power Decisions that Could Shape the Next Century
The surge in AI workloads is prompting data centers to demand electricity levels once reserved for entire cities, sparking a pivotal policy debate. Regulators at PJM and the Federal Energy Regulatory Commission are weighing proposals that would let large AI...