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Intelligence for the New World Economy
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Semafor World Economy

Jake Angelo

Jake Angelo

US Newsroom Fellow

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AI avatars enter the job interview

For some job candidates, using AI in the application process is a reaction to a system that’s grown more machine than human.
A sign that reads artificial intelligence
Dado Ruvic/Reuters

A ‘beautifully’ rendered account of a blundering coup d’etat

Robert Service chronicles the 1991 attempt by communist hardliners to seize control of the USSR.
The August Coup

Amazon hits $3 trillion valuation on strong cloud earnings

Despite investor jitters about the Iran war, inflation, and AI spending, corporate profits generally keep climbing.
People walk by the exhibit for Amazon Web Services (AWS) at National Retail Federation (NRF) 2026.
Kylie Cooper/Reuters

Carlyle strikes first deal in new defense push

Carlyle’s acquisition of Secturion Systems, which makes encryption hardware for government agencies, launches Carlyle’s middle-market defense platform, which is seeking to raise up to $3 billion.
Carlyle
Jeenah Moon/Reuters

Internal videos show how Polymarket trained creators on fake bets

A training presentation reveals how the company made a ‘fakecharts’ platform for influencers.
A graphic showing Polymarket screenshots

Sports betting takes a financial toll

Sports betting is eating into the savings of some of the most vulnerable households, a new study finds.
A sports betting sign.
Mike Segar/Reuters

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.

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.

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.

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.

US jobs data changes Warsh’s game

Employers added 57,000 jobs last month, about half of what economists had expected.

US private employers added 98,000 jobs in June

The numbers indicate a pullback in hiring from May.

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.
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