Episodes
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The Cost of Living Crisis Isn’t Going Away
Chuck Schumer is expected to remain Senate Democratic leader because no challenger has emerged and many colleagues credit him with Democrats’ Senate victory, despite dissent from some newly elected senators.
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Democrats Have Won Control of Congress. What Happens Next?
Democrats’ immediate agenda will emphasize lowering health-insurance, electricity, gas, and other costs, but the Iran war limits how directly Congress can affect prices.
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War Leaves U.S. Oil Refiners With Massive Profit Gains
The crack spread—the difference between refined-fuel prices and crude-feedstock costs—is the main driver of refiners’ record profits.
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A Blue Wave Just Swept Congress
Democrats won the House and Senate by flipping seven Senate seats, including in deep-red states such as Texas, Kansas, Iowa, Ohio, and South Carolina.
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As Midterm Election Results Roll In, These Are the Races to Watch
Democrats are favored to flip the House, but control of the Senate remains uncertain; early wins in Republican-leaning districts could make the House outcome apparent before every race is called.
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Did Trump Do Enough to Help Republicans?
Damian Paletta says Trump’s final speech emphasized his own agenda and even the Reflecting Pool’s plumbing, leaving open whether he did enough to help individual Republican candidates.
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Does Democrats’ Future Lie With Moderates or Progressives?
Marvell’s proposed $80 billion acquisition of Lumentum would broaden its AI-connectivity business, but investors responded by sending Marvell and Lumentum shares sharply lower.
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Democratic Dust-up Puts Must-Win Seat at Risk
Haley Stevens’s endorsement of Republican Mike Rogers followed a public breakdown with Abdul El-Sayed over an outside-group ad and competing accusations about whether the campaign was focusing on antisemitism or affordability.
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Navigating the Midterms: From Legal Challenges to Voter Rights
Louise Radnofsky says the defining feature of the 2026 midterms is unusually high anxiety among voters and state officials, driven partly by fears that President Trump may challenge results he considers invalid.
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What’s News in Markets: AI Selloff Deepens, Tech Earnings Disappoint, Binance Hack
Higher interest rates are making it more expensive for AI companies to finance the data centers and infrastructure they need, prompting investors to demand clearer evidence of when those investments will become profitable.
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Welcome to the Prediction-Market Election
The Nasdaq fell 2.9% on the day and 5.3% for October as investors questioned whether major technology companies can finance the AI infrastructure boom without taking on costly debt.
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How UPS and FedEx Are Riding Diesel Costs to Higher Revenues
UPS and FedEx each reported approximately $23 billion in quarterly revenue, beat Wall Street estimates and raised their outlooks for the year.
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The AI Trade Gets Spooky
The Binance cyber-heist involved about $6.3 billion, roughly $3 billion has been frozen through stablecoin controls, and researchers link the attack to the North Korea-connected TraderTraitor group.
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The U.S. Economy Has Its Best Quarter in a Year
Alphabet shares fell almost 13%, wiping out about $500 billion in market value as investors questioned whether Google can adapt search to AI without cannibalizing its advertising business.
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‘AI Mode’ Is Denting Google’s Search Revenue
Alphabet’s total revenue rose 25% and cloud revenue jumped 103% year over year, but investors focused on search revenue coming in about $2 billion below the roughly $90.5 billion expected.
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The Downfall of Weil Gotshal
The Fed held rates steady, but Lisa Cook and Beth Hammack voted for a quarter-point increase, keeping the possibility of a December hike open.
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Can Netanyahu Hold On?
With more than half the Israeli votes counted, Netanyahu’s bloc was leading in the mid-50s but remained below the 61 seats needed to form a majority, while the opposition stood around 49 seats.
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Why Nurses Are Quitting in Droves
Apple says only a small number of $2,000 iPhone Duo units are affected by hinge and display failures, and it is offering replacements rather than issuing a recall.
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The Chip Giant Helping Anthropic Buy More Chips
Broadcom CEO Hock Tan helped assemble Anthropic’s roughly $63 billion debt package by lobbying banks and using Broadcom’s credit standing, leaving the chip supplier simultaneously involved as vendor, negotiator, and financial backstop.
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Jumping Revenue, Big Losses and Many Risks: Inside Anthropic’s IPO Filing
Anthropic’s S-1 reports about $16 billion in revenue for the first six months ending June 30, a 1,300% year-over-year increase, but also more than $80 billion in losses largely tied to an accounting adjustment.
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