The jig is up for the Texas two-step

Tech stocks fell yesterday as markets reacted to ongoing talk of an AI apocalypse, industrial America is contending with a fresh wave of supply chain inflation, and foreign investors are now buying more US stocks than government bonds. Plus, China has implemented sweeping new con ...  Show more

US Treasury secretary Scott Bessent’s interventions in the American bond market haven’t worked so far, but could interest rate decisions from the Federal Reserve and Bank of Japan this week change things? Plus, Russia hit a Ukrainian train line moments after foreign dignitaries t ...  Show more

The Biden administration tells Tiktok to leave ByteDance or leave the US. Meta's year of Zuck-ficiency continues, with another 10,000 layoffs. Kara and Scott unpack the decision to backstop Silicon Valley Bank, as Credit Suisse deals with its own potential issues. Also, ChatGPT g ...  Show more

The Verge's Nilay Patel, Alex Cranz, and David Pierce are joined by policy reporter Makena Kelly, who is on the ground in Washington for the House Energy and Commerce Committee's hearing on TikTok. Later, we dive into all the other news from this week, from Google's release of Ba ...  Show more

Scott and Kara* dissect TikTok CEO Shou Chew’s testimony in the House as the app fends of a potential U.S. ban. And in A.I. news, Google released its chat bot, Bard, to the general public. Plus, President Trump is still a free man, the Fed has raised interest rates yet again, and ...  Show more

Your morning briefing, the business news you need in just 15 minutes.  On today’s podcast:  (1) US approval of more than $60 billion in aid throws a lifeline to Ukraine’s beleaguered military, though it’s unlikely to turn the tide in the war on its own.  (2) After years of workin ...  Show more