Category: Semafor

CEOs are using earnings calls as talk therapy. Hudson Labs has pulled together a list of the most stressed-out CEOs around the world, putting an AI twist on the practice of combing through earnings reports for signals on where the global economy is heading. The firm’s analysis filtered out explicit ...

Liz’s view Kalshi and Polymarket have either a massive insider-trading problem or the appearance of one. It doesn’t really matter which. But my bet is that they’ll fix it — because it’s in their financial interest. For starters, people don’t want to participate in a market they think is rigged. ...

The Scoop Democrats’ search for more winnable House seats is shining a brighter light on southern California, where internal tension is putting the party at risk of a November lockout. The Congressional Progressive Caucus PAC picked its candidate on Tuesday, endorsing Democrat Ammar Campa-Najjar in the 48th District. But Campa-Najjar’s ...

The Iran war’s inflationary pressures were unlikely to abate, analysts warned, even as US President Donald Trump said “serious negotiations” were underway with Tehran. Ratings agency Moody’s chief economist warned that the Federal Reserve would be forced to consider rate hikes. Traders are roughly 50-50 on rates either staying flat ...

Japan’s economy grew at an annualized rate of 2.1% in the first quarter, surpassing expectations, though analysts warned that the fallout of the Iran war could hamper future expansion. The strong results were driven by rising US-bound exports and sturdy domestic consumption, the latter thanks to a temporary cash handout ...

Banking giant Standard Chartered will cut 15% of its workforce by 2030 as its use of AI increases. The UK-headquartered company, which has large offices in China, India, Malaysia, and Poland, said it was boosting automation, but would move some affected staff into new roles. Several other banking and tech ...

Google DeepMind’s Demis Hassabis was reported to be an early investor in Anthropic, a revelation underscoring the concentration of power at the top of the AI industry. Former DeepMind researchers have founded more than a dozen companies since 2021, while Hassabis’ co-founder Mustafa Suleyman is now CEO of Microsoft AI. ...

Two pieces of art sold for more than $100 million, suggesting the top-end of the market is on the upswing after a years-long decline. The sale of a $181 million Jackson Pollock painting and a $108 million Constantin Brancusi sculpture, both belonging to the estate of former Condé Nast publisher ...

US power company NextEra Energy said Monday it was acquiring Dominion Energy in a deal that would create the world’s largest utility amid soaring AI-driven energy demand. In addition to providing scale — Dominion powers the world’s largest data center market, and the combined entity would be the world leader ...

A European airline chief said Monday he had “almost zero concerns” about a jet fuel shortage this summer, echoing oil companies that have downplayed dire warnings about supplies running out. Concerns of fuel shortages stemming from the Iran conflict had threatened to upend summer travel across the continent — the ...