Exclusive: Bill Gates apologized to his foundation staff for his ties to Jeffrey Epstein, acknowledging he had two affairs but that they didn’t involve Epstein victims. 🔗 on.wsj.com/4tVqhSc

It’s funny that there was a very popular movie made about this in the 80s. Except the premise was that AI would figure out that this was bad, actually

Heard on the Street: The market might eventually talk itself down from some of the worst fears about AI disruption of software companies. But don’t expect private asset managers to bounce right back.

Not convinced permabear Albert Edwards makes a good case for why he should be offering this career advice

The Trump administration is weighing an executive order or other action that would require banks to collect citizenship information from customers Discussions about the potential order have alarmed banks www.wsj.com/politics/pol...

Fed's Waller failing to get with the zeitgeist with the title of his latest speech, "Operationalizing AI at the Federal Reserve". Should have been: "I Used Claude Code to Replace the FOMC, And it Only Took Me Three Days"

Amid all this talk of Judeo-Christian heritage, spare a thought for Odin / Woden and the Norse and Saxon heritage they are really hankering after

Extraordinary stuff. Yes Minister needs a new series www.thetimes.com/article/c395...

We're marking World Pangolin Day by remembering that Roman soldiers would routinely dress as pangolins before going into battle.

These stories are usually about Iran or the UAE: sleep on the floor, lights always on, shackled, no rights, no info, no hope, and when eventually released all luggage stolen www.theguardian.com/us-news/2026...

"Fingers have been pointed at a younger generation that purportedly doesn’t know how to party — one that drinks less, has less sex and is too aware every moment can be recorded and posted online." www.bloomberg.com/news/feature...

All four mentions of the word "refund" in the IEEPA decision are in Kavanaugh's dissent.

President Trump’s global tariffs are illegal, the Supreme Court ruled Friday, a stinging repudiation of a signature White House initiative. Roberts authored the opinion for the majority www.wsj.com/us-news/law/...

Stocks up a lot as tariffs struck down. Then stocks down. Now up again. Traders struggling to know if it is good, indifferent, already priced in or offset by (slightly higher) Treasury yields...

AI fever sparks Raspberry Pi meme stock frenzy ft.trib.al/wRQULD2

Stephen Colbert’s stinging criticism of President Trump, CBS and the FCC might shape how media companies approach November’s midterm elections. Read more in today’s WSJ Politics Newsletter.

Fund managers *really* want Big Tech to pare back the spending, BofA survey shows:

Problem about the loneliness epidemic is, it's everywhere except in representative survey data. Let's look at where the claim comes from. 1/

An AI bot wrote a blog post attacking an engineer because he had rejected lines of code the bot had submitted to an open-source project. on.wsj.com/4aghEdg

Practical help from @dsquareddigest.bsky.social for every company today: "how to make your organisation dumber" Fearlessly providing the advice a CEO needs

probably the most important chart of the last 3 months

Britain's income inequality is at its lowest since 1986 (Includes tax, transfers and transfers in kind; excludes retirees)

Win11 update appears mostly to be to put up a popup saying "Would you like to pin YouTube to your taskbar". No matter how bad something is, it can always be made worse

Warnings you really want on your credit rating summary: "This abstract may have been generated in whole or in part using artificial intelligence and is therefore subject to error and inaccuracy, including but not limited to, hallucination." Taken at face value, should just ignore the summary

French cashing in

The Mongolians have never won a medal at the Winter Olympics. But they’re poised to conquer the Opening Ceremony with outfits inspired by their country’s golden era of raiding. on.wsj.com/4qjZ6gU

Amid all the data centre capex excitement, worth noting that in Q3 (latest data) US total capital expenditures fell to the lowest share of GDP since the pandemic

The stock tumbled 19% at the opening bell in Copenhagen after its outlook for the year ahead disappointed investors. on.wsj.com/4tmyGhw

Time we stripped the Prince of Darkness of his royal title. He should simply be Peter Mandelson-Darkness from now on.

Companies that mine critical minerals are looking more like defense contractors these days. One sign: Many are hiring retired generals.

Tillis:

Unfortunately it appears the fire that has blocked trains out of Euston today is in a building that houses a hot yoga studio that promises "controlled heat". www.bbc.co.uk/news/article...

Sell the rumour, buy the news? Warsh picked, and euro, S&P futures, gold, silver recovering, 10y yield now ~flat on the day

There we have it: Warsh nominated for Fed chair

New report: a serious unintended consequence of the Government’s tenancy reforms. Hundreds of thousands of ordinary tenants will be dragged into an annual stamp duty calculation and filing regime.

S&P 500 might be down, but the boomer stocks are booming: Royal Caribbean, Southwest Airlines, Meta (Facebook) and Norwegian Cruise Lines are top four performers. At least three of those are driven by boomer spending

Open AI exposure vs organic growth, hyperscaler edition *MICROSOFT SHARES TUMBLE 11% IN BIGGEST DROP SINCE MARCH 2020 *META SHARES JUMP 11% AT OPEN TO HIGHEST LEVEL SINCE OCTOBER

Terrible news from the Microsoft earnings call: "we are bringing Copilot to every Windows 11 PC"

I wonder where it's all coming from?

“You guys just got to the last page?”