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USA Update

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Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon

WASHINGTON — Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards. The Fed is set to announce a quarter-point cut […]

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Databricks is raising a gigantic funding round

Databricks is raising $10 billion in its latest funding round, bringing its valuation to $62 billion, the AI startup said on Tuesday. The Series J funding is led by Thrive Capital and co-led by Andreessen Horowitz, DST Global, GIC, Insight Partners, and WCM Investment Management. Other participants include existing backer Ontario Teachers’ Pension Plan and […]

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World War III is already underway. In Ukraine.

World War III is already underway. In Ukraine. Three years in, Russia’s invasion has drawn in dozens of countries. By EVA HARTOG Illustrations by Jack Smyth for POLITICO If you had walked the front lines in the early weeks of the war in Ukraine, you might have heard shouts in Ukrainian and Russian, perhaps mingled […]

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