Category: Semafor

Meta plans to build a prediction markets app, The New York Times reported, as one of Big Tech’s traditional champions seeks to carve out a slice of the retail futures bonanza. DraftKings and FanDuel’s parent company fell on the news, reflecting the challenge prediction markets, which have flourished amid lax ...

Russia accused the US of failing to follow through on “understandings” reached at last year’s Alaska summit, reflecting Moscow’s frustration with Washington’s recent pro-Ukraine shift in tone. President Donald Trump is reportedly impressed with Ukraine’s drone strikes deep inside Russia, and has signaled more support for Kyiv and further sanctions ...

Honduras will buy Ukrainian drones to fight drug trafficking, further evidence of Kyiv’s growing defense-industry clout. The two nations’ presidents met last week; Honduras is a transit route for South American cocaine into North America, and may be evolving into a producer as well as a conduit. Since Russia’s 2022 ...

Liz’s view AI is going to make a lot of things a lot cheaper. But not all goods want to be cheap. They’re called Veblen goods — products whose demand increases alongside their price. The canonical examples are handmade luxury items like Hermès bags. AI is likely to have limited ...

Alan Greenspan died Monday at 100 years old, and the obituaries have been kind. The former Fed chair lived long enough for his reputation to rebound from the 2008 crash, which was partly blamed on deregulation he encouraged. He’s being remembered as the Maestro of monetary policy. His less flattering ...

by Alan Greenspan. The former US Fed chair died this week, aged 100. He advised presidents from Richard Nixon to George W. Bush. This 2007 book was “the most unexpectedly charming Washington insider memoir” in a decade, according to The New York Times, both the life story of “a saxophone-playing ...

The News NEW YORK — Mayor Zohran Mamdani is ineligible to run for president, but he’s still picking a fight over the future of the Democratic Party. It starts with three deep-blue House Democratic primaries on Tuesday that Mamdani has thrown himself into. He’s backing state Assemblywoman Claire Valdez, former ...

The tech stock rout stretched into a second day and spread globally following a dramatic dip on Wall Street on Monday. South Korean stocks took the biggest hit, with Samsung Electronics and SK Hynix each plunging by more than an eye-popping 12%. Analysts are once again pointing a finger at ...

The Scoop Despite its efforts to the contrary, the Trump administration is overseeing “a golden age of solar,” according to Tim Pawlenty, the Republican former governor of Minnesota and presidential primary contender who is now the top US solar industry lobbyist. In his first interview since taking over as president ...

The News A conservative challenger to a member of House Republican leadership is homing in on a massive data center in their home state, and their battle could be a proving ground for right-wing skepticism of AI growth. Utah Rep. Blake Moore is heavily favored in Tuesday’s primary over state ...