The Intelligence: Fed reckoning

Now that America has stepped back, Europe is at last stepping up. We examine the bloc’s tactics (if not yet a strategy) and how steady its support is likely to be. With the coming public listings of SpaceX and Anthropic, we ask whether stockmarkets can handle a string of “giga-IP ...  Show more

The AI world’s go-to chipmaker is blazing a trail toward your personal computer. We ask what moving out of the cloud indicates about the future of computing. The three candidates for mayor of Los Angeles could not be more different, and they are running neck and neck. And updatin ...  Show more

America’s central bank left rates untouched, to widespread market delight. Why is this economic cycle confounding expectations so much, and how to bring it to a gentle end? We look at the modern fortunes of Vodafone, a once-mighty telecoms firm that is slimming down to get health ...  Show more

The Bank of Japan has ended its grand experiment in unconventional monetary policy—how did it work, and what happens now that it has concluded? Ahead of Florida’s presidential primary our correspondent pays a visit, examining the state’s hard swing to the right (10:17). And the n ...  Show more

Economists have stopped waiting for interest rates to drop because it doesn’t seem to be coming. The upward pressure on long-term bond yields suggests that this situation could last for a while. How should the world adjust? Israel’s economy might be in good enough shape to withst ...  Show more

Generative artificial intelligence dominated conversations at Davos this year. How might education and healthcare be transformed as the technology reaches the developing world? The Notre Dame Cathedral is set to reopen this year. Come with us to visit the site in Paris (10:11). A ...  Show more