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Luke Vargas on WSJ What’s News
Fed Chairman Kevin Warsh declined to say whether the central bank will raise or hold interest rates at its remaining 2026 meetings, while most colleagues expect at least one more increase. Warsh said AI could expand production capacity without necessarily raising prices.Luke Vargas on WSJ What’s News
U.S.-Mexico trade talks have stalled after Commerce Secretary Howard Lutnick opposed lowering tariffs on Mexican steel, aluminum and automobiles. Rates are 50% for steel and aluminum and 25% for autos, while Mexico seeks a 15% auto tariff, putting broader USMCA renewal talks at risk.Luke Vargas on WSJ What’s News
The Justice Department sued California to block counting mail-in ballots from about 20,000 voters whom the Trump administration says may not be U.S. citizens. California Secretary of State Shirley Weber disputes the action, saying the federal government provided no basis for its suspicions.Luke Vargas on WSJ What’s News
Economic concerns are pressuring Republicans across an expanding House battleground map. The Cook Political Report says Democrats could flip nine to 19 seats, enough to erase the Republicans’ five-seat majority, while Republican Governor Kelly Ayotte leads in New Hampshire.Luke Vargas on WSJ What’s News
Trucking company J.B. Hunt is raising prices to offset rising fuel and other operating costs. Executive Vice President Darren Field said customers increasingly understand inflation after earlier resistance, while the CFO expects elevated costs to continue into next year.Luke Vargas on WSJ What’s News
Insurers are struggling to price emerging AI risks because potential damages could reach tens or hundreds of billions of dollars. Exposure includes AI labs, companies using AI, employees and customers, with cited incidents involving rogue agents hacking websites, alleged chatbot encouragement of suicide and law-firm hallucinations.Luke Vargas on WSJ What’s News
Republican Senator Susan Collins and Democrat Troy Jackson held their final debate in Maine’s closely watched Senate race, clashing over rising utility bills. Jackson cited fuel costs linked to the war in Iran, while Collins blamed Maine’s Democratic leadership and its high electric rates.Ray Smith on WSJ What’s News
More than half of U.S. workers report Sunday scaries, anxiety or sadness as the weekend ends, according to an October FlexJobs survey of 2,100 people. Among those affected, unfinished tasks were the most common cause, and suggestions included setting work limits Sunday or finishing more on Friday.Luke Vargas on WSJ What’s News
Tesla unveiled its Roadster in Texas, demonstrating a test model using SpaceX rockets to flip in midair and jump over five vehicles. Elon Musk said production would begin in 2028 after customers placed deposits of up to $250,000 in 2017, and Tesla claimed zero-to-60 acceleration in under one second.