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Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. July 08, 2026 Minutes of the Federal Open Market Committee, June 16-17, 2026 For release at 2:00 p.m. EDT The Federal Reserve on Wednesday released the minutes of the Federal Open Market Committee meeting that was held on June 16–17, 2026. The minutes for each regularly scheduled meeting of the Committee are generally published three weeks after the day of the policy decision. The descriptions of economic and financial conditions contained in these…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. July 09, 2026 Federal Reserve Board issues enforcement action with TS Banking Group, Inc. and TS Contrarian Bancshares, Inc. For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the execution of the following enforcement action listed below: TS Banking Group, Inc., Treynor, Iowa and TS Contrarian Bancshares, Inc., Treynor, Iowa Written Agreement dated July 6, 2026 Additional enforcement actions can be searched for here. For media inquiries, please email…

Against a gloomy backdrop for software sentiment, ServiceNow just topped revenue expectations.

Treasury yields are approaching the highest levels seen since the Iran war started in February as oil prices rise

Listen to the audio version of this article (generated by AI). Legend has it that Marco Polo once stood in the court of Kublai Khan and watched the night sky explode. Fire arrows streaked through the darkness. Explosions cracked across the palace grounds. Strange devices skittered along the floor, spitting sparks in every direction. To a European traveler in the 13th century, it must have looked like magic. Historians still debate how much of that story is true. But we do know the Chinese had been using early fireworks for centuries by then, first by tossing bamboo into fires and…

Listen to the audio version of this article (generated by AI). In October 1974, a boxer past his prime walked into a ring in Kinshasa against a champion nobody thought he could beat. George Foreman hit harder than anyone in the sport. Muhammad Ali knew that head-on, he loses. So he did something that looked, to the crowd ringside, like defeat in slow motion. He leaned back against the ropes and let Foreman swing. Round after round, Foreman unloaded everything he had, and Ali just absorbed it, covered up, and waited. By the eighth round, Foreman had punched himself into…

Listen to the audio version of this article (generated by AI). A governor’s data-center about-face… welcome to the “Messy Middle”… a sixth Prisoner’s Dilemma?… Luke’s 2028 countdown and how we’ll track it As we reported here in the Digest last Wednesday, New York Gov. Kathy Hochul became the first governor to sign a law pausing the construction of new hyperscale AI data centers. And yet, the very next day, The Verge reported that Hochul said her administration is using AI to review “every single rule, regulation, and policy” on New York’s books – a process she says would have taken…

Listen to the audio version of this article (generated by AI). A Prisoner’s Dilemma with a Chinese accent… another Messy Middle story… OpenAI’s AI hacks Hugging Face… reader feedback about yesterday’s Digest Did Alphabet (GOOG) confirm its capex spend? By the time you read this, we’ll likely already know the answer. Alphabet’s second-quarter earnings report – and the management call that follows it – should be out. As we detailed in Monday’s Digest, Wall Street has grown skeptical of the rosy earnings projections coming out of some AI infrastructure companies this season. Our technology expert Luke Lango, editor of Innovation…

The AI race is changing. The smartest investment may not be the obvious one. Hello, Reader. Remember the DeepSeek shock back in January 2025? When the Chinese AI lab DeepSeek released its DeepSeek-R1 reasoning model, it shook global markets. The model showed that a Chinese company could compete with Silicon Valley’s best AI systems at a much lower cost. Now, China has delivered the sequel. On Sunday, Alibaba Group Holding Limited (BABA) unveiled a preview of its newest AI model, Qwen3.8 Max. The company says Qwen3.8 Max ranks among the world’s most powerful AI models, trailing only Anthropic’s Fable 5. Shares…

The AI race is changing. The smartest investment may not be the obvious one. Hello, Reader. Remember the DeepSeek shock back in January 2025? When the Chinese AI lab DeepSeek released its DeepSeek-R1 reasoning model, it shook global markets. The model showed that a Chinese company could compete with Silicon Valley’s best AI systems at a much lower cost. Now, China has delivered the sequel. On Sunday, Alibaba Group Holding Limited (BABA) unveiled a preview of its newest AI model, Qwen3.8 Max. The company says Qwen3.8 Max ranks among the world’s most powerful AI models, trailing only Anthropic’s Fable 5. Shares…