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Interest Rate Watch: Global Markets React Ahead of 2025’s First US Rate Cut (Bloomberg)
The first US interest rate cut since Donald Trump became president again is likely to seize the spotlight in a week that will determine policy settings for half of the world’s 10 most-traded currencies.
Starting with the Bank of Canada and then the Federal Reserve on Wednesday, shifting to the Bank of England the following day, and ending with the Bank of Japan, central banks may either adjust borrowing costs, signal investors about their intentions for the year’s final quarter, or both.
Ivy Intervention: Trump’s Ivy League Deals Set to Funnel Cash to Trade Schools (Bloomberg)
The Trump administration is pressing Harvard and other top universities to invest in vocational training as part of deals to restore frozen federal research funds. Brown has already pledged $50 million for workforce programs in Rhode Island, while Harvard may commit $500 million to regain access to $2 billion in grants.
Trump has talked up vocational programs as a way to revive US manufacturing, but critics say the effort amounts to “extorting money” from elite colleges. The push highlights a larger debate over how to finance workforce development.
Tech Alliance: UK, US to Sign ‘Ground-Breaking’ Tech Deal During Trump’s Visit (Bloomberg)
The UK is poised to sign a “ground-breaking tech agreement” with the US during President Donald Trump’s state visit to Britain this week, according to the UK government. The accord would provide a boost for businesses and consumers on both sides of the Atlantic.
AI at Work: Anthropic Finds Businesses Are Mainly Using AI to Automate Work (Bloomberg)
Businesses are overwhelmingly relying on Anthropic’s artificial intelligence software to automate rather than collaborate on work, according to a new report from
the OpenAI rival, adding to the risk that AI will upend livelihoods.
More than three quarters
(77%) of companies’ usage of Anthropic’s Claude AI software involved automation patterns, often including “full task delegation.”
Anthropic is one of the leading firms selling AI tools to companies with the goal of helping to speed up software development, research and writing, among other tasks. But the technology has sparked concerns about potential mass layoffs and worker displacement — a risk Anthropic also highlights in the report.
Diplomacy in Motion: US-China Talks Head Into Second Day With Trade, TikTok on Agenda (Bloomberg)
US and Chinese officials held high-level talks in Madrid on TikTok, trade, and the economy, a senior Treasury official said, as diplomacy between the world’s two largest economies ramps up.
The US delegation, led by Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer, met Sunday for nearly six hours with a Chinese team headed by Vice Premier He Lifeng, with talks set to resume Monday.
Tech Clash: China Targets Nvidia Over 2020 Deal, Raising Trade-Talk Stakes (Bloomberg)
China ruled that Nvidia Corp. violated anti-monopoly laws with a high-profile 2020 deal, ratcheting up the pressure on Washington during sensitive trade negotiations.
EU Strength: Poland’s Economy Defies Putin’s Threats and Keeps Growing (Bloomberg Opinion - Matt Winkler)
Brazil Response: Bolsonaro Conviction Is 'Not a Witch Hunt,' President Lula Writes to Trump (AFP)
In his first public reaction to Bolsonaro's conviction, Brazilian President Luiz Inacio Lula da Silva wrote in a New York Times opinion column — addressed to US counterpart Donald Trump — that he was "proud" of the Supreme Court verdict which "safeguards our institutions and the democratic rule of law."
"This was not a 'witch hunt'" as Trump and other US officials have called the trial, Lula wrote in a guest essay titled: "Brazilian democracy and sovereignty are non-negotiable."
Oil Strikes: Ukraine Stepping Up Drone Attacks on Russian Oil Assets (Bloomberg)
Ukraine is stepping up drone strikes on Russian oil refineries and export hubs, extending the fight to Moscow’s economy. On Friday, Kyiv said it struck sites handling nearly half of Russia’s seaborne crude exports in a 200-drone raid near the Finnish and Estonian borders.
The impact is already visible inside Russia. Attacks on refineries supplying gasoline, diesel, and other fuels have led to shortages and price increases. In August alone, Ukraine launched at least 13 strikes on major refineries, more than half the total for the previous seven months, with key facilities in populous regions increasingly targeted.
Kirk Aftermath: Trump Has a Warning for Utah Governor Cox (The Atlantic)
Following the manhunt for Charlie Kirk’s killer, President Trump called Utah Governor Spencer Cox to discuss the aftermath and reflect on the dangers facing political leaders.
Cox said he had no doubt the alleged shooter’s worldview had been warped in some very dark corners of the internet. And watching the online discourse around Kirk’s murder this week only underscored the damage done by algorithmically incentivized ghoulishness.
“Discord, 4chan, Twitter, Bluesky—these things are really hacking our brains and hijacking our agency,” Cox said. “The worst of humanity is in our pockets.” Even the most carefully constructed sanctuary can’t withstand an onslaught like the one generated by Silicon Valley.
Upcoming Guard Deployment: Tennessee’s Governor Welcomes Plan to Deploy Guard to Memphis (New York Times)
NYC Transit Alert: Long Island Rail Road Workers May Strike This Week. Here’s What to Know. (New York Times)
A strike at the Long Island Rail Road could begin on Thursday, disrupting travel for more than 270,000 daily riders. Unions representing over 3,000 workers, nearly half the staff, say they will walk out unless granted raises higher than those secured by other MTA divisions.
If a deal can’t be reached, workers would go on strike just after midnight on Sept. 18, halting all train service to key stops in Manhattan and Brooklyn, as well as connections to the two major airports in Queens and all points east on Long Island.
TV's Biggest Night: ‘The Pitt’ Wins Best Drama Emmy; ‘The Studio’ Scores Best Comedy (Bloomberg)
Streaming platforms dominated the Emmys,
the TV industry’s highest honor, reflecting the continued shift from broadcast and cable to online viewing. HBO Max’s new medical show The Pitt took home the Emmy award for best drama, while The Studio, on Apple TV+, won for best comedy.
Runway Highlights: The Best Front Row Style From New York Fashion Week (Vogue)
New York Fashion Week is on
and the spring collections kicked off on Wednesday evening with a star-studded Ralph Lauren show, where a lineup including Oprah Winfrey, Priyanka Chopra and Nick Jonas, Naomi Watts, and Usher brought their best statement looks for the awaiting paparazzi. Vogue picked up some of the best looks of the week so far.
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