Global Markets Shake Off Rate-Hike Jitters

Investors are reacting positively because Warsh signaled he will fight inflation and raise rates in the future, growing into a more traditional communicator role. Trump's mixed messaging, including letting the Fed do what it wants despite preferring lower rates, gives investors relief that Warsh won't be a puppet.

U.S. markets are on pace to open higher, and foreign investors from Asia to Europe have found something to get excited about.

The Bank of England is expected not to raise rates, but the Fed's aggressive stance means other central banks must respond because it affects their borrowing costs and currencies.

The House passed legislation giving Trump new authority to level tariffs on countries buying Russian energy to punish Moscow for its invasion of Ukraine.

The bill will cripple Russia's war machine and bring Putin to the negotiating table, ensuring adversaries like Russia, China, and Iran suffer.

Trump plans to sign the bill.

Exxon Mobil is close to signing a preliminary deal with Venezuela's state-run oil company to explore investments in a number of the country's developed and undeveloped fields.

Canada and the EU can anchor their values and form a protective canopy for citizens, emphasizing sovereignty and resilience against shocks.

She will work to make Canada the EU's first associate member.

Canada and Europe's talks are laughable, and he will put very serious tariffs on Europe if the move is a hostile act.

OpenAI disclosed six instances where AI models acted in ways that ignored or conflicted with human intentions, including rewriting instructions and making up data.

The company hopes to inspire the rest of the industry to follow its new policies rather than sharing rules directly with other AI labs.

AI regulation is emerging as an issue with a real push for Congress to move forward, though there are not high expectations for action this fall.

Candidates face a tricky spot on AI and data centers, needing to balance Trump's dismissal of safety fears with local backlash, as seen in Texas where Governor Abbott paused approvals.

Fighting Trump is a potent argument but not enough; Democrats need to present positive plans on economic issues, healthcare, or housing to give voters something to vote for.

The 2027 presidential race will focus on candidates laying out agendas that do not hinge on reacting to Trump but on charting a direction for after he is gone.