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Intelligence for the New World Economy

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Intelligence for the New World Economy
Semafor World Economy
Jake Angelo

Jake Angelo

US Newsroom Fellow

Email Jake

Tariff refunds weigh on federal budget

The US paid out $26 billion more in refunds than it collected in June after a February Supreme Court decision struck down most of the Trump administration’s levies, contributing to a widening $120 billion monthly deficit.
US President Donald Trump
Evan Vucci/Reuters

Wearable-makers vie to control data

By controlling the data, companies can also keep users locked into their systems and away from their competitors, a tech analyst told Semafor.
A row of smart glasses on a store shelf
Brittany Hosea-Small/Reuters

Meta unveils two AI models

Muse Image and Muse Spark 1.1 are the latest releases in the tech firm’s race to catch up to competitors and assert itself as a top player in the AI race.
Meta CEO Mark Zuckerberg
Brendan McDermid/Reuters

Honeywell bets its breakup will generate huge value

GE laid the modern roadmap for the spinoff with a home-run split in 2021, but questions remain if Honeywell can follow suit.
Honeywell company logo
Dado Ruvic/Reuters

US jobs data changes Warsh’s game

Employers added 57,000 jobs last month, about half of what economists had expected.
Eric Lee/File Photo/Reuters

US private employers added 98,000 jobs in June

The numbers indicate a pullback in hiring from May.
A Help wanted sign and an American flag
Brian Snyder/Reuters

Trump blames ‘Big Oil’ for gas prices

US retail gas prices have stayed north of $3.90 despite Brent crude prices falling.

Micron posts blowout earnings

The US reported strong results to top off a multi-day tech stock whipsaw.

Global tech rout hits Asia

South Korean stocks took the biggest hit, with Samsung Electronics and SK Hynix each plunging by more than 12%.

SpaceX, Alphabet lead US tech rout

Tech stocks fell Monday even as the US projected optimism about ongoing peace talks with Iran.

SpaceX soars in historic IPO

The boost is a positive sign for Anthropic and OpenAI, which are expected to go public in mega offerings later this year.

US inflation hits highest level in three years

The Iran war’s continued impact on energy prices pushed overall inflation higher.

Strong jobs data complicates Warsh’s path to lower rates

The US added 172,000 jobs in May, blowing past expectations and boosting the odds, in traders’ eyes, of a Fed rate hike.