Prashant Rao
50 article(s) here · 1 carrying a prediction
🔮 Economists were also worried about French levels of borrowing, with Paris set to unveil a draft budget today that aims to close a yawning deficit and will likely be politically divisive; France this week announced plans for record bond sales, despite the country’s rising debt-to-GDP ratio.
🔮 US President Donald Trump is set to kick off a month of campaigning, though GOP candidates in tough battles have distanced themselves from a historically unpopular leader.
🔮 OpenAI reportedly aims to raise $30 billion in a new funding round valuing the company at $1.4 trillion, underlining how what was set to be a bumper IPO market to end the year is stalling.
🔮 Paris — already grappling with debt equivalent to 119% of GDP — said it would sell a record amount of bonds next year, prompting the spread between French government bonds and their German equivalents to widen, reflecting what investors see as a rising risk premium.
🔮 European countries have hardened their stance against Chinese imports over fears that an influx of goods like solar panels and EVs could hollow out the bloc’s industries.
🔮 US President Donald Trump rejected a peace proposal from Iran on Friday; he told Axios he believed talks would resume this week, though The Wall Street Journal reported that he told aides he expects to bomb Iran again after November’s midterms.
🔮 US President Donald Trump and Chinese leader Xi Jinping were set to conclude a superpower summit that was long on ceremony and short on substance.
🔮 Officials where the facility is being built have delayed permits necessary to power the project, and Oracle may seek to delay lease payments.
🔮 The heads of Anthropic and OpenAI will brief the UN Security Council today, as their calls for a slowdown in development compete with the interests of superpowers more concerned with winning the AI race.
🔮 To make matters worse, a second inflationary shock could be in the works, The Wall Street Journal’s chief economics commentator warned, which means interest rates could remain high for longer than expected.
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