Corporate America’s latest hot job is also one of the oldest in history: storyteller.

Some companies want a media relations manager by a slightly flashier name. Others need people to produce blogs, podcasts, case studies and more types of branded content to attract customers, investors and potential recruits. All seem to use the word differently than in its usual application to novelists, playwrights and raconteurs.

“As storytellers,” a Google job ad said last month, “we play an integral role in driving customer acquisition and long-term growth.”

The listing sought a customer storytelling manager to join the company’s Google Cloud storytelling team. One article the unit published this year was titled, “Lowe’s innovation: How Vertex AI helps create interactive shopping experiences.”

Microsoft’s security organization meanwhile is recruiting a senior director overseeing narrative and storytelling, described as part cybersecurity technologist, part communicator and part marketer. Compliance technology firm Vanta this month began hiring for a head of storytelling, offering a salary of up to $274,000. Productivity app Notion recently merged its communications, social media and influencer functions into one 10-person, so-called storytelling team.

Read it all.

The hot new job at tech companies is leading "storytelling."

The term doubled on LinkedIn job posts in the U.S since last year. The WSJ writes:

"Compliance technology firm Vanta this month began hiring for a head of storytelling, offering a salary of up to $274,000."… pic.twitter.com/TQzUXPwl8g

— Natalie Sportelli (@N_Sportelli) December 15, 2025

What uses of AI are in your life that the rest of us might not yet have?

Yesterday, I stayed up far too late watching a film and afterwards, I added to a table that I’ve made in Copilot, which basically records all the films I love, lists them by date. I add my personal notes, it gives me a link to the film poster. I can keep just saying, What would be a similar one?

It’s possible to ask your AI to do pretty much any knowledge work task — just like you might ask an assistant to organize your life. The more obscure, creative [and] challenging the task you’re going to ask your AI, the better. 1

¹ Suleyman also appears to be a keen reader; the bookshelf behind him in Seattle offered a glimpse of his tastes. Titles included the most recent books by Michael Wolff and Robert Kaplan, as well as The Tech Coup: How to Save Democracy from Silicon Valley, and Gaza: An Inquest Into Its Martyrdom.

Have you used AI for autonomous tasks? Has it booked tickets or bought a gift for you? I know this is the promise of Copilot Actions — it’s just not available in my region, so I haven’t been able to try it myself.

We’re still experimenting. It can do it. It doesn’t always get it right. It’s in ‘dev mode,’ so not generally available just yet.

When it does work, it is the most magical thing you’ve ever seen. It essentially types stuff into your browser, clicks on buttons, opens up new tabs. It can look at your history, [and] personalize the purchase or the response to you.

Read it all.

AI is “already superhuman,” says Microsoft AI chief Mustafa Suleyman in a Weekend Interview that touches on medical superintelligence, AI talent wars and Copilot as a companion. https://t.co/sVwI0jOVLA a través de @business pic.twitter.com/JmGRqTAEkX

— maria betancur n (@mariabetancur9) December 12, 2025

Is the billable hour about to become a thing of the past?

It seems inevitable, at least for lawyers and other professional-services firms, because as artificial-intelligence capabilities accelerate, the fundamental logic of charging for time spent rather than value delivered is becoming increasingly untenable.

The billable hour as the fundamental unit of business for professional services is so
widespread that it’s difficult to remember that it is a fairly recent innovation, becoming prevalent in the 1960s and 1970s. Before that, many lawyers and other professionals billed for outcomes achieved or services rendered, not for time.

Many say the seed for the billable hour was planted in the early 1900s by a young lawyer named Reginald Heber Smith, who implemented a time-tracking system for lawyers during his tenure as counsel to the Boston Legal Aid Society, which provided legal services to the poor. He wanted lawyers to track how they were spending their time, not for billing purposes but to find ways to improve the efficiency of the team, which had a limited budget….

Read it all.

Could AI make billable hours obsolete?https://t.co/E0lvwETo3p

"Widespread AI adoption could render the billable hour obsolete, a business expert argued. Lawyers, public relations pros, and consultants are outsourcing more work to bots, so the logic of charging for time —… pic.twitter.com/nEok6qU1v2

— Bob Pickard (@BobPickard) December 5, 2025

Japan is sailing dangerously close to the wind. The most indebted state in the world is taunting markets with one of the least justifiable plans for extra debt issuance.

The fiscal irresponsibility is perhaps no worse than in America, France or Labour’s welfare Britain, but right now it is Japan that is in the sights of the bond vigilantes.

Yields on Japanese debt have spiked wildly across the maturity curve since Sanae Takaichi took power six weeks ago and shocked investors with a “low quality” fiscal expansion of $135bn (£101bn), including such gems as rice vouchers and subsidies for fossil fuels – ploys to mask the inflationary consequences of her own policies.

The scale of this populist misadventure is sending tremors through the international financial system, as well as horrifying the economic establishment in Tokyo.

The benchmark 10-year bond yield jumped to 1.94pc in intraday trading in Tokyo, up from 1.79pc a week ago and a whisker shy of highs last seen in 1997. The speed of the move in the once-glacial $12tn market for Japanese public and private debt is almost frightening.

Read it all.

Japan’s false Thatcher is blowing up a $12tn bond market https://t.co/gLGSs085PM

— B2Investor (@B2Investor) December 5, 2025

In September, a wave of 19 Russian drones crossed into Polish airspace. The Gerbera-type drones cost as little as $10,000—so cheap that they are often used as decoys to misdirect and overwhelm Ukrainian air defenses. NATO countered with a half-billion-dollar response force of F-35s, F-16s, AWACS radar planes, and helicopters, which shot down four of the drones with $1.6-million AMRAAM missiles.

This is a bargain compared to how challenging U.S. forces have found it to defend against Houthi forces using this same cheap tech. Our naval forces have fired a reported 120 SM-2, 80 SM-6, and 20 SM-3 missiles, costing about $2.1 million, $3.9 million, and over $9.6 million each. And this is to defend against a group operating out of the 187th-largest economy in the world, able to fire mere hundreds of drones and missiles. Our supposed pacing challenge, China, has an economy that will soon be the largest in the world and a combined national industrial and military acquisition plan to be able to fire munitions by the millions.

Even in America’s best-laid plans for future battlefields, there is a harsh reality that is too often ignored. The math of current battlefields remains literally orders of magnitude beyond what our budget plans to spend, our industry plans to build, our acquisitions system is able to contract, and thus what our military will deploy.

Read it all.

"When you spend orders of magnitude more than your foe, you are in what is known as a “losing equation.” https://t.co/hUVfR4sw66 pic.twitter.com/OW3w9kuGhM

— Peter W. Singer (@peterwsinger) December 3, 2025

Europe is breathing a sigh of relief. On December 2nd Donald Trump’s envoy, Steve Witkoff, held lengthy talks about Ukraine with Vladimir Putin in Moscow—and not much happened. Many had been expecting Team Trump to sell out Ukrainian sovereignty in return for commercial deals. The risk of such an odious stitch-up now seems to have receded a bit. Thanks to pressure from European leaders and some sensible Republicans, including the secretary of state, Marco Rubio, some of the worst elements of a 28-point plan hatched by Mr Witkoff and his Kremlin chum, Kirill Dmitriev, have quietly been dropped. Mr Putin seems unenthusiastic about the current version. Mr Trump now says the whole thing is “a mess”. Diplomacy, like the war, will grind on.

But if European governments think they are off the hook, they are wrong. First, another bad pseudo-peace plan could pop up. Second, even if it doesn’t, Ukraine will need solid military and financial support for the foreseeable future, and it will have to come from Europe. It is still not clear that Europeans grasp this.

When Mr Putin first launched his full-scale, unprovoked invasion, Europe did the right thing. The EU and others imposed stiff sanctions on Russia and gave military and financial aid to Ukraine, roughly matching the level of support from America. But that united front depended on the White House agreeing that territorial aggression should not be rewarded. Mr Trump has blown that consensus apart. Now, the $90bn-100bn it costs each year to support Ukraine’s war effort, a burden previously divided evenly, must be shouldered by Europe alone. The maths is brutal, as we analysed earlier this year. Until a durable peace arrives, Europe must keep paying what it did before—and then find an extra $50bn a year.

Russia may be advancing on the battlefield, but only slowly and at a huge cost in men and money…

Read it all.

On Tuesday Donald Trump’s envoy, Steve Witkoff, held lengthy talks about Ukraine with Vladimir Putin in Moscow—and not much happened. But if European governments think they are off the hook, they are wrong https://t.co/LrJSfsETpF

— The Economist (@TheEconomist) December 3, 2025

Europe is now caught somewhere between war and peace.

In recent weeks, drones appearing mysteriously above airports and halting flights have made headlines. Those are just the tip of the iceberg.

Germany alone has three drone incursions a day on average—over military installations, defense-industry facilities and critical infrastructure points—according to a previously unreleased tally by German authorities.

Drones are part of an intensifying barrage that European leaders suspect Russia is directing at the continent over its support for Ukraine. It includes sabotage, cyberattacks and disinformation campaigns.

“We are not at war” with Russia, German Chancellor Friedrich Merz said recently, “but we are no longer at peace either.”

For Russia and the West’s other adversaries, including China, Iran and North Korea, small-scale action can yield big payoffs. Moscow is bogged down militarily in Ukraine and so would struggle to engage members of the North Atlantic Treaty Organization in conventional combat. Instead, malicious activities that are often dubbed hybrid war or gray-zone conflict let the Kremlin challenge its adversaries without overt hostilities.

Read it all.

Michael Claesson, Sweden’s chief of defence staff, told the Financial Times that Russia was combining "sabotage, special operations, even attacks against individuals" with attacks on critical infrastructure and "exploiting vulnerabilities in the information environment" in order… pic.twitter.com/Qtlm7vvZum

— Anton Gerashchenko (@Gerashchenko_en) November 23, 2025

Bishops and charities, praising the removal of the two-child benefit cap, say that it will lift hundreds of thousands of children out of poverty. The change was announced in the Autumn Budget by the Chancellor, Rachel Reeves, on Wednesday afternoon.

The former Prime Minister Gordon Brown congratulated faith leaders who had long called for the policy, which had been introduced by the Conservative Chancellor George Osborne shortly after the 2015 General Election, to be scrapped.

“From April, nearly half a million children will be lifted out of poverty, thanks to their campaign, for which I thank all religious leaders,” he told the Church Times.

The Church of England’s lead bishop for child-poverty issues, the Bishop of Leicester, the Rt Revd Martyn Snow, said that the decision would “make a profoundly positive difference to hundreds of thousands of children and their families.

Read it all.

Bishops and charities celebrate Chancellor’s removal of the two-child benefit caphttps://t.co/vAqwlYmJVb

— Madeleine Davies (@MadsDavies) November 26, 2025

About half of American jobs could be replaced by artificial intelligence, according to a report by the McKinsey Global Institute.

The American consultancy’s analysis found that robots and AI agents could automate more than half of US work hours, both mental and cognitive, using technology that is available today, if companies redesigned how they did things.

Most of the roles at risk — about 40 per cent — involve the kinds of drafting, processing information and routine reasoning that AI agents can do. Hiring is slowing in some such jobs, such as among paralegals, administrative and office support workers and programmers, the research found.

Similarly, dangerous, physical jobs, in warehouses or operating machines, are most likely to be replaced by robots, McKinsey said.

Conversely, a third of US jobs would be difficult to replace with AI because they have uniquely human attributes, such as nursing, the analysis found. Some 70 per cent of the tasks performed by carers and other healthcare workers require the kind of physical presence, empathy, care and dexterity that machines cannot replicate.

Read it all (subscription).

AI could, in theory, automate 57% of US work hours. Yet most human skills remain relevant.

The future of work is not human or machine – but a partnership between people, agents, and robots.

Read our latest research on skill partnerships in the age of AI: https://t.co/h1K56uPqPo pic.twitter.com/wjROZzTQ1q

— McKinsey Global Institute (@McKinsey_MGI) November 25, 2025

The Chancellor has been urged to retain a tax scheme for listed places of worship, as a survey was published today showing the majority of the UK population backs Government support to help churches pay for repairs to their buildings.

A poll shows that two in five people, or 43 per cent of all adults, report having had contact with their local church, the majority of these, or 53 per cent, for services and worship but also 23 per cent – nearly seven million people in the UK – for community support such as parent toddler groups, lunch clubs and food banks. An estimated 2.8 million people – or 4 per cent of the UK population – have been in contact with their local church for a food bank. Church of England churches run or support 31,300 social action projects, including nearly 8,000 food banks, with emergency food provision and community cafés on the rise.

More than three quarters of the population – 77 per cent – said historic cathedrals and churches are local and national treasures. And two in five – 41% – said they had visited a church or cathedral simply to find a quiet space for reflection or prayer, with this figure rising to 50 per cent amongst young adults in the 18 to 34 age range.

Read it all.

Government urged to keep VAT grants for church repairs, amid survey showing millions in touch with their local churches. CofE news: https://t.co/nOJDKcPENE

— Church of England in Parliament (@churchstate) November 23, 2025

When describing the health of the US economy, there is a temptation among economists, market analysts, and politicians to argue that the only true picture of our current situation is a sweeping portrait — only by looking at the broadest of aggregate statistics can you determine the state of play, they argue. But the wide view can ignore important developments unfolding under the surface. Sometimes, even the healthiest-looking person might have high cholesterol.

Right now, the economy seems OK on the surface. GDP growth has been running north of 3% for the last two quarters. In the labor market, the boilerplate appears to be that conditions are gradually cooling, but nothing more, nothing less. For example, despite the slowdown in new hiring, the unemployment rate of 4.4% is still low by historical standards. But there are serious dangers lurking beneath the surface of our economy, and it is better to clearly identify them than to ignore them in favor of broad aggregate measures.

Major employers in industries like homebuilding and restaurants are looking shaky, and they offer ominous signs about the direction of the overall economy. By getting a sense of what sectors and industries are struggling, you can get a forward-looking sense of the economy’s trajectory and a clearer-eyed view of the possibility of recession.

Read it all.

Read of the Weekend. Once more, Dutta with devastating Charts. @RenMacLLC https://t.co/o5t4kotvIL

— tom keene (@tomkeene) November 24, 2025

America’s middle class is weary.

After nearly five years of high prices, many middle-class earners thought life would be more affordable by now. Costs for goods and services are 25% above where they were in 2020. Even though the inflation rate is below its recent 2022 high, certain essentials like coffee, ground beef and car repairs are up markedly this year.

“Life felt more doable a year and a half ago,” said Holly Frew, a college communications director with a household income around $135,000 living in Atlanta. “I need to know where the light is at the end of the tunnel.”

The American middle class encompasses a broad cross section of workers that includes white-collar office employees, nurses and plumbers, although there is no universally accepted definition.

Pew Research Center defines the middle class broadly as having a household income between about $66,666 and $200,000, depending on where they live. Perpetual sticker shock is making many within the group feel worse about both their own finances and the future of the country. They are hunting for bargains and spending more carefully.

Read it all.

"After nearly five years of high prices, many middle-class earners thought life would be more affordable by now. Costs for goods and services are 25% above where they were in 2020. Even though the inflation rate is below its recent 2022 high, certain essentials like coffee,… pic.twitter.com/s7LkBGlvnw

— James Pethokoukis ⏩️⤴️ (@JimPethokoukis) November 21, 2025

No one worries about the insurance industry quite like Tom Gober.

From his home office outside of Pittsburgh, the forensic accountant has been tracking, documenting and highlighting the weaknesses of the $9.3 trillion sector responsible for the financial well-being of millions of Americans.

“I’ve been seeing warning signs for years, and I’ve been very vocal about it,” Gober, 66, said in a recent interview in his living room. More recently, he’s been paying attention to what he says is the most troubling development yet: The influx of private equity’s billions.

The industry waves off its critics as needlessly alarmist, always predicting a disaster that never comes. But that mid-October afternoon, Gober’s phone began to light up. Josh Wander, the co-founder of 777 Partners, a private equity firm on Gober’s radar, had been charged with cheating investors and lenders out of almost $500 million — an alleged fraud enabled in part by its opaque and intricate ties with some US insurance companies.

Read it all.

Some great reporting from Bloomberg this week about how private equity is making a grab for life insurance money and hiding it away where traders are gambling it without much oversight. https://t.co/QNe2jf8OzO pic.twitter.com/AIwLA0GEQT

— Heidi N. Moore (@moorehn) November 19, 2025

 America’s huge mortgage market is slowly dying. In America’s foundation myths, the humble mortgage rarely features. There are no stirring ballads about the heroism of 30-year rates or credit-scoring. Yet mortgages have fueled the American dream, which centers on home ownership, ever since the federal government began subsidizing property loans a century ago. Now that fuel is running low. At $13.5 trillion, America’s current stock of mortgage debt is equivalent to 44% of the country’s GDP. That marks a drop of almost 30 percentage points since the global financial crisis of 2007-09, which was sparked by a binge on dicey housing debt, and the lowest level since 1999, before that property bubble got started. More striking still, mortgage debt has shrunk to just 27% of the value of American household property—a 65-year low. A great de-mortgaging is under way, with worrying consequences for the property market.

With Wall Street fretting about other corners of American finance, such as booming private lending to shaky mid-size firms, the tranquility of the mortgage market might seem like a sign of healthy restraint. In fact, it masks an insidious crisis. The median monthly principal-and-interest payment on an American home has surged from just above $1,000 to $2,100 in five years.

Read it all.

"Mortgage debt has shrunk to just 27% of the value of American household property—a 65-year low. A great demortgaging is under way, with worrying consequences for the property market" https://t.co/dJcHA6ehZQ pic.twitter.com/IGSoQOrQIH

— Jim Russell (@ProducerCities) November 20, 2025

Chinese financial institutions have lent more than $200 billion to the United States over the past 25 years — more than they have advanced to any other country — as part of a vast global spending spree to take control of Western companies working on sensitive technologies, according to new research released Tuesday.

China discloses very little about the operations of its state-owned banks and asset managers.

But AidData, a research lab at William & Mary University in Williamsburg, Virginia, reported what it called an “unexpected and counterintuitive” finding: Between 2000 and 2023, Chinese financial institutions backed 2,500 projects — including gas pipelines and airport terminals — in almost every U.S. state.

Read it all.

Chinese lenders have extended more than $200 billion to the U.S. over the past 25 years as part of a vast global spending spree to take control of Western companies working on sensitive technologies, according to new research. https://t.co/b6eB9c2Oix

— The Washington Post (@washingtonpost) November 18, 2025

The Trump administration is wielding the possibility that parts of the economy are in a recession as it raises pressure on the Federal Reserve to cut interest rates, hoping to ensure that the central bank will bear the blame for any economic weakness.

Treasury Secretary Scott Bessent and Stephen Miran, President Trump’s appointee to the Fed’s Board of Governors who is on a temporary leave from his job leading the White House’s Council of Economic Advisers, this week struck a downbeat tone about the health of the world’s largest economy. Mr. Bessent went so far as to say some sectors were already contracting. He did not specify which sectors, but high mortgage rates have put housing and adjacent industries such as construction under pressure.

“I think that there are sectors of the economy that are in recession,” Mr. Bessent said on CNN on Sunday. He described the economy as being in a “period of transition” because of a pullback in government spending to reduce the deficit. He called on the Fed to support the economy by cutting interest rates.

Mr. Bessent’s remarks added to pressure on the Fed and deflected blame from Mr. Trump in case the economy does ultimately face a downturn, reinforcing a strategy that has been in place since the start of the year. As the administration has imposed aggressive tariffs on nearly all of America’s trading partners and slashed federal spending, potentially slowing growth, it has sought to pin blame squarely on the Fed in the event of an economic downturn.

Read it all.

New w/ @arappeport: The Trump admin is wielding the possibility that parts of the economy are in a recession in an attempt to raise pressure on the Fed to cut rates. The hope is that the central bank will bear the blame for any downturn https://t.co/KWNqktMXov @nytimes

— Colby Smith (@colbyLsmith) November 4, 2025

President Trump’s global tariffs ran headlong into a skeptical Supreme Court on Wednesday, with justices across the spectrum expressing doubt that a 1970s emergency-powers law could be read to provide the president unilateral authority to remake the international economy and collect billions of dollars in import taxes without explicit congressional approval.

But even if the court strikes down the tariffs Trump initiated on his self-declared Liberation Day last April, the justices gave little indication how they might unwind the president’s signature economic policy and favorite diplomatic tool. That left unclear whether previously paid duties would be refunded or whether Congress could be invited to step in, perhaps by ratifying the levies retroactively.

“It seems to me like it could be a mess,” Justice Amy Coney Barrett said during the later stages of an oral argument that ran nearly three hours.

Solicitor General John Sauer took heat from all sides as he pressed the administration’s argument: that the president’s power to regulate foreign financial transactions when he declares an emergency includes the authority to impose tariffs. Tariffs were taxes, a majority of justices agreed, and many were dubious that Congress would so casually surrender to the executive its core constitutional power to raise revenue.

“The Constitution is structured so that if I’m going to be asked to pay for something as a citizen, that it’s through a bill that is generated through Congress,” said Justice Sonia Sotomayor. “But I’m not going to be taxed unless both houses” of Congress and the president “have made that choice.”

Read it all.

And that is a wrap on the SCOTUS arguments.

After that argument, if I were the Trump Administration, I'd be burning the midnight oil over the next couple of weeks drawing up tariff backup plans. A clear majority of the Justices appeared skeptical that IEEPA authorizes the type…

— Peter Harrell (@petereharrell) November 5, 2025

The financing package stitched together for Meta’s humongous Hyperion data center campus in Louisiana made Alphaville curious about just how much energy the new AI infrastructure will consume if it all comes online.

After all, massive new projects are being announced almost every week, in what even KKR’s digital infrastructure lead called a “bragawatts” phenomenon in MainFT on Monday.

The latest example is OpenAI on Thursday revealing plans for a 1+ gigawatt data centre hub in Michigan. Together with previously announced “Stargate” projects this brings the total to over 8 gigawatts — close to the 10 target it floated earlier this year. This will cost over $450 billion over the next three years, according to the company that spends more on marketing and employee stock options than it makes in revenue.

So how many data center projects have now been started or announced? Which ones will actually happen and which ones are fantasy? As Barclays noted last week, tracking “what is real vs. speculative is a full-time job”, but the bank has forced some poor sell-side plebs to at least tally all the announcements and collect some rudimentary details.

So what is the total so far? With OpenAI’s Michigan project they now total 46 gigawatts of computing power. Apologies for the virtual shouting, but this seems a bit mad.

These centers will cost $2.5 trillion to build, according to Barclays, to service an industry that still doesn’t turn a profit. But the maddest bit arguably is how much energy they will require once completed. Using Barclays’ 1.2 “Power Use Effectiveness” ratio, all these data centres — if they are all completed — would need 55.2 gigawatts of electricity to function at full capacity.

If we also use Barclays’ rule of thumb that 1 gigawatt can power over 800,000 American homes, it means that these data centres will consume as much energy as 44.2 million households — almost three times California’s entire housing stock.

Read it all.

Hyperscalers announced new data centres with 46GW of computing power

>Cost: $2.5tn to build
>Require 55GW to 65GW of base load electricity

That's more than the total installed capacity of Poland or Sweden, 6 times New Zealand or Singapore, 50% of UKhttps://t.co/7j43C7QUwV pic.twitter.com/LrEfaKvpEk

— Assaad Razzouk (@AssaadRazzouk) November 4, 2025

Valerie Ferebee rummaged through the front seat of her car searching for a pack of cigarettes as she sat outside Tanger Outlets. Everything she and her husband Milton own is in their Ford EcoSport, so it took her a few minutes to find them.

The four-door crossover has been their home for more than a year.

Once she found the Newport Menthol Greens in a side pocket, she pulled one out to light. She took a drag and considered their living situation.

“Disgusting. Degrading. Shameful. Humiliating,” she said. “I mean, I don’t know what word to use … I feel sort of stuck.”

Valerie and Milton are just two of thousands who have been evicted in the Charleston area. North Charleston once had the highest eviction rate in the country in 2016 with more than 3,600 tenants being evicted, according to data from Princeton University’s Eviction Lab.

In South Carolina, evictions are the ‘scarlet E’ that never go away https://t.co/9OutCBsLNF

— The Post and Courier (@postandcourier) November 2, 2025

The nation’s largest employers have a new message for office workers: help not wanted.

Amazon.com said this week that it would cut 14,000 corporate jobs, with plans to eliminate as much as 10% of its white-collar workforce eventually. United Parcel Service said Tuesday that it had reduced its management workforce by about 14,000 positions over the past 22 months, days after the retailer Target said it would cut 1,800 corporate roles.

Earlier in October, white-collar workers from companies including Rivian Automotive, Molson Coors, Booz Allen Hamilton and General Motors received pink slips—or learned that they would come soon. Added up, tens of thousands of newly laid off white-collar workers in America are entering a stagnant job market with seemingly no place for them.

At 5:30 a.m. on Tuesday, Kelly Williamson woke up to an alarming text from her employer, Amazon’s Whole Foods Market, urging her to check her email.

“Review asap and stay home from work today,” the message said. Williamson’s role on the asset-protection team was being eliminated. The badge and laptop for the 55-year-old from Austin, Texas, were deactivated. She was given 90 days to look for another job at the company. She said her personal belongings are being mailed to her.

Read it all.

Tens of Thousands of White-Collar Jobs Are Disappearing as #AI Starts to Bite#RiseoftheRobotshttps://t.co/xvlekZBJIq via @WSJ

— Martin Ford (@MFordFuture) October 29, 2025

Editor’s note: Today, we’re announcing research that shows — for the first time in history — that a quantum computer can successfully run a verifiable algorithm on hardware, surpassing even the fastest classical supercomputers (13,000x faster). It can compute the structure of a molecule, and paves a path towards real-world applications. Today’s advance builds on decades of work, and six years of major breakthroughs. Back in 2019, we demonstrated that a quantum computer could solve a problem that would take the fastest classical supercomputer thousands of years. Then, late last year (2024), our new Willow quantum chip showed how to dramatically suppress errors, solving a major issue that challenged scientists for nearly 30 years. Today’s breakthrough moves us much closer to quantum computers that can drive major discoveries in areas like medicine and materials science.

Imagine you’re trying to find a lost ship at the bottom of the ocean. Sonar technology might give you a blurry shape and tell you, “There’s a shipwreck down there.” But what if you could not only find the ship but also read the nameplate on its hull?

That’s the kind of unprecedented precision we’ve just achieved with our Willow quantum chip. Today, we’re announcing a major algorithmic breakthrough that marks a significant step towards a first real-world application. Just published in Nature, we have demonstrated the first-ever verifiable quantum advantage running the out-of-order time correlator (OTOC) algorithm, which we call Quantum Echoes.

Read it all.

"Google claims ‘quantum advantage’ again — but researchers are sceptical" by Elizabeth Gibney of @Nature https://t.co/mD54zWFEKE
Original @Google article, "Observation of constructive interference at the edge of quantum ergodicity," is at https://t.co/tY8MiIq4Sn @JointQuICS pic.twitter.com/nh26Z4QWzA

— Charles W. Clark (@g8ge) October 23, 2025

Josh Batson no longer has time for social media.

The AI researcher’s only comparable dopamine hit these days is on Anthropic’s Slack workplace-messaging channels, where he explores chatter about colleagues’ theories and experiments on large language models and architecture.

Batson is among a group of core artificial-intelligence researchers and executives who are facing a relentless grind, racing to keep pace with a seemingly endless cycle of disruption in pursuit of systems with superhuman intelligence.

Inside Silicon Valley’s biggest AI labs, top researchers and executives are regularly working 80 to 100 hours a week. Several top researchers compared the circumstances to war.

“We’re basically trying to speedrun 20 years of scientific progress in two years,” said Batson, a research scientist at Anthropic. Extraordinary advances in AI systems are happening “every few months,” he said. “It’s the most interesting scientific question in the world right now.”

Read it all.

Take an early look at the front page of today's Wall Street Journal https://t.co/5Z4hcbTVXK pic.twitter.com/NrLMRqJWUU

— The Wall Street Journal (@WSJ) October 23, 2025

Sequoia Capital’s chief operating officer resigned over comments made by partner Shaun Maguire that she regarded as Islamophobic, as political debates sow division at one of Silicon Valley’s most powerful venture capital firms.

Sumaiya Balbale — a practising Muslim who has spoken publicly about how her gender, ethnicity and faith have shaped her career — stepped down after five years at the company in August. Her decision to leave was precipitated by Maguire’s social media posts, according to three people with knowledge of the matter.

Maguire, an outspoken and high-profile investor who is close to Elon Musk, wrote on X in July that New York mayoral candidate Zohran Mamdani “comes from a culture that lies about everything. It’s literally a virtue to lie if it advances his Islamist agenda. The West will learn this lesson the hard way.”

Balbale complained to other senior partners at the firm, who declined to take action against Maguire, arguing he was just exercising his right to free speech, the people said. She left soon after, feeling her position was untenable.

Read it all (subscription).

Sequoia COO quit over Shaun Maguire’s comments about Mamdani https://t.co/3WQUHQ0Qnd

— FT Technology News (@fttechnews) October 22, 2025

Over the past two decades, no company has done more to shape the American workplace than Amazon. In its ascent to become the nation’s second-largest employer, it has hired hundreds of thousands of warehouse workers, built an army of contract drivers and pioneered using technology to hire, monitor and manage employees.

Now, interviews and a cache of internal strategy documents viewed by The New York Times reveal that Amazon executives believe the company is on the cusp of its next big workplace shift: replacing more than half a million jobs with robots.

Amazon’s U.S. work force has more than tripled since 2018 to almost 1.2 million. But Amazon’s automation team expects the company can avoid hiring more than 160,000 people in the United States it would otherwise need by 2027. That would save about 30 cents on each item that Amazon picks, packs and delivers to customers.

Executives told Amazon’s board last year that they hoped robotic automation would allow the company to continue to avoid adding to its U.S. work force in the coming years, even though they expect to sell twice as many products by 2033. That would translate to more than 600,000 people whom Amazon didn’t need to hire.

Read it all.

Amazon, the second largest employer in the U.S., aims to replace more than half a million jobs with robots, internal documents show. https://t.co/jzxzhcMmfo

— The New York Times (@nytimes) October 21, 2025

It is….increasingly likely that governments will…resort to inflation and financial repression to reduce the real value of their high debts, as they did in the decades after the second world war. The machinery for such a strategy is in place at central banks, which have a large footprint in bond markets. Already, populists such as Mr Trump and Nigel Farage in Britain attack their country’s central banks with proposals that would weaken the defenses against inflation.

Price rises are unpopular—just ask the hapless Joe Biden—but they do not need political support to get going. Nobody voted for them in the 1970s or in 2022. When governments cannot get their act together, and run economic policies that are unsustainable, bouts of inflation just happen. By the time markets wake up, it is too late.

All the more reason to think ahead and reflect on how inflation harms the economy and society. It redistributes wealth unfairly: from creditors to debtors; from those with cash and bonds to those who own real assets such as houses; and from those who agree on contracts and wages in cash terms to those wily enough to anticipate higher prices. It causes what John Maynard Keynes called an “arbitrary rearrangement of riches”. And that could happen just as societies are grappling with other transfers of wealth that the losers will also see as unfair: in the labour market, as AI takes on routine office work; and through inheritance, as baby-boomers bequeath vast property wealth to those lucky enough to have the right parents.

This multi-pronged upheaval of fortunes could wreck the middle class, which binds democracies together, and scramble the social contract.

Read it all.

Governments are living far beyond their means. Sadly, inflation is the most likely escape. Politicians should think ahead and reflect on how much harm that would do https://t.co/6H1nzpKQQS pic.twitter.com/RF2ACF0MzV

— The Economist (@TheEconomist) October 16, 2025

So here’s what we know. This year’s gold rally has come in fits and starts. The April move was about a loss of confidence in the Dollar, a move that’s since run out of steam. The move since Jackson Hole is about “global debasement” and coincides with three notable developments: (i) there’s a global rise in long-term government bond yields as markets increasingly worry about unsustainable fiscal policy in many places; (ii) the universe of safe haven countries has shrunk because Germany and Japan are at the forefront of the global rise in yields; and (iii) the few safe haven countries that remain – notably Switzerland – are small, with limited capacity to absorb safe haven inflows. These three forces are supercharging the rise in gold prices, which is really about the global deterioration in fiscal sustainability and growing risk that debt overhangs will be inflated away.

What we don’t know is who is driving the latest rise in gold prices. There’s endless rumors about another round of central bank buying, but I am skeptical. There’s a clear macro catalyst to the latest move in the form of Jackson Hole. I find it hard to believe that central banks in emerging markets will be trading such a catalyst. It’s more likely that this is a genuine market move, with a growing number of investors worried about fiscal sustainability and debasement. If that’s true, the gold move can go a lot further.

Read it all.

What's driving the crazy rise in gold prices? At its root, it's about fear that the Fed has capitulated to Trump and is easing into an economy where inflation is rising. This week's IMF/WB meetings may end the gold rally and replace it with a Dollar rally.https://t.co/fFtYIbm3tT pic.twitter.com/HhhBK2vISo

— Robin Brooks (@robin_j_brooks) October 16, 2025

Americans are set to pay more than half of President Donald Trump’s tariff costs as companies raise prices, according to economists of Goldman Sachs Group Inc.

US consumers will likely shoulder 55% of tariff costs by the end of the year, with American companies taking on 22%, the Goldman analysts wrote in an Oct. 12 research note to clients. Foreign exporters would absorb 18% of tariff costs by cutting prices for goods, while 5% would be evaded, they wrote.

For now “US businesses are likely bearing a larger share of the costs” as it takes time to raise prices, economists Elsie Peng and David Mericle wrote in the note. “If recently implemented and future tariffs have the same eventual impact on prices as the tariffs implemented earlier this year, then US consumers would eventually absorb 55% of tariff costs.”

Read it all.

Americans are set to pay more than half of President Donald Trump’s tariff costs as companies raise prices, according to Goldman Sachs economists https://t.co/L04IgE1sdF

— Bloomberg (@business) October 13, 2025

The American stockmarket has see-sawed lately amid a flare-up in trade tensions, but remains near its all-time high. The surge, fuelled by enthusiasm around artificial intelligence, has drawn comparisons to the exuberance of the late 1990s that culminated in the dotcom crash of 2000. Though technological innovation is undeniably reshaping industries and increasing productivity, there are good reasons to worry that the current rally may be setting the stage for another painful market correction. The consequences of such a crash, however, could be far more severe and global in scope than those felt a quarter of a century ago.

At the heart of this concern is the sheer scale of exposure, both domestic and international, to American equities. Over the past decade and a half, American households have significantly increased their holdings in the stockmarket, encouraged by strong returns and the dominance of American tech firms. Foreign investors, particularly from Europe, have for the same reasons poured capital into American stocks, while simultaneously benefiting from the dollar’s strength. This growing interconnectedness means that any sharp downturn in American markets will reverberate around the world.

To put the potential impact in perspective, I calculate that a market correction of the same magnitude as the dotcom crash could wipe out over $20trn in wealth for American households, equivalent to roughly 70% of American GDP in 2024. This is several times larger than the losses incurred during the crash of the early 2000s. The implications for consumption would be grave. Consumption growth is already weaker than it was preceding the dotcom crash. A shock of this magnitude could cut it by 3.5 percentage points, translating into a two-percentage-point hit to overall GDP growth, even before accounting for declines in investment.

Read it all.

The exposure of the world to US equities is at record levels. A stock market correction would have more severe and global consequences as compared to what followed the dot-com crash. The tariff wars and lack of fiscal space compounds the problem. The underlying problem is not… pic.twitter.com/LFaN4mNgqn

— Gita Gopinath (@GitaGopinath) October 15, 2025

The Church of England has called for a national conversation on artificial intelligence (AI) and its impact on the world of work. . 

A new edition of the Crucible journal, released this month, explored how automation and algorithms reshape jobs and identity.  

It follows a motion passed by the Church’s General Synod in February 2024, which acknowledged the effects of AI and the ‘fourth industrial revolution’. 

Read it all.

Renewed call for national conversation on AI and the Future of Work https://t.co/7607ZNflnM via @Anglican Ink © 2025

— George Conger (@GeorgeConger8) October 10, 2025

From cars and computer chips to tanks and fighter jets, China’s new export restrictions represent a sweeping effort to control global commerce and have set off a renewed trade fight that pits Beijing against not only the United States but also Europe.

The new regulations, which take effect in stages on Nov. 8 and Dec. 1, apply to the entire world, sharply escalating China’s sway over critical manufacturing at a time of increased international fractures over trade. The restrictions led President Trump on Friday to threaten to impose new 100 percent tariffs on Chinese imports starting Nov. 1.

The rules go far beyond China’s limits since April on the export of rare earth metals, which are mined and processed mainly in China, as well as magnets made from those metals. In a series of announcements on Thursday, China extended its restrictions to worldwide shipments of electric motors, computer chips and other devices that have become central to modern life and are now manufactured mainly in China.

The regulations prohibit exports from China to any country of materials or components for use in military equipment. Among the items banned are the small yet powerful electric motors in missiles and fighter jets and the materials for crucial range finders in tanks and artillery that are used to zero in on distant targets.

Read it all.

China’s New Export Curbs May Level a Heavy Blow Worldwide https://t.co/CX91lkUldK "The new rules apply to any shipments across national borders…European automakers, in particular, face a daunting task of seeking Chinese export licenses to move car parts within Europe"

— David Mulroney (@David_Mulroney) October 13, 2025