Brendan Ruberry
48 article(s) here · 1 carrying a prediction
🔮 Though Warsh reiterated the central bank’s independence Wednesday, Trump later revealed that he spoke to him before the Fed’s meeting, suggesting Warsh may have been “trying to foam the runway,” a Wall Street Journal columnist wrote.
🔮 Danish drugmaker Novo Nordisk will partner with Anthropic in an effort to speed up drug development, as the one-time GLP-1 leader bets AI will help it reclaim lost market share.
🔮 American automaker General Motors will manufacture components for Patriot missiles, Lockheed Martin announced Thursday, potentially boosting efforts to plug the US’ gaping munitions holes that have emerged during more than six months of conflict with Iran.
🔮 US President Donald Trump will reportedly greet China’s leader Xi Jinping as he steps off the plane in Washington, DC next week — the first leader accorded that deference in Trump’s second term — as preparations ramp up for their summit.
🔮 China has helped keep oil prices in 2026 down by slashing its imports, but Beijing is “coming back off its crash diet,” an energy analyst said, raising fears that prices could surge if fighting between Saudi Arabia and Yemen’s Houthis continues to disrupt supply.
🔮 Still, strong retail and employment figures suggested the economy could withstand higher interest rates, and AI-fueled profits are set to drive growth across every sector of the S&P 500 in the third quarter, Bloomberg Intelligence said.
🔮 Canada’s retaliatory tariffs against $27.6 billion worth of US goods will kick in after midnight on Tuesday, as the prospects for averting a tit-for-tat trade war appeared dim.
🔮 The nationalist AfD’s landslide victory in a German state on Sunday could portend a far-right surge across Europe, analysts argued.
🔮 Malaysia is considering using Huawei chips to power its sovereign AI efforts, Bloomberg reported, in what would be the first known instance of a foreign government choosing Chinese accelerators over American ones.
🔮 “It’s a good bet that AI will eventually make some occupations obsolete,” but so far it’s “extremely hard” to identify any, the economist Noah Smith wrote, suggesting that like previous technological revolutions AI could add as many or even more jobs than it destroys.
More on this subject from Brendan Ruberry
The Aporia
