AI Debt Jitters Hit CoreWeave and Oracle as Chip Stocks Sell Off Worldwide
CoreWeave plunged as its bond yields neared 15%. Oracle fell nearly 9%. Hot U.S. inflation and trillion-dollar AI capex plans are colliding with higher borrowing costs.
Politics and Policy
Claire Hollister
Claire Hollister covers politics and policy for Radio Purple, following legislation from campaign promise to implementation. She previously covered a statehouse and later health and tax policy in Washington, and is known for explainers that walk through what a bill actually does, who it helps, what it costs, and the best argument for and against it. Claire studied public policy and still reads the full text of every bill she writes about.
News
AP-NORC Poll: Eight in 10 Voters Want Major Change as Trump's Approval Sits at 36%
Economy and cost of living dominate. Most disapprove of the president's handling of prices and foreign policy. Democrats lead preferences for House and Senate control — with three weeks to go.
House Democrats Preview a 100-Day Affordability Agenda if They Take the Majority
Jeffries wants ACA credits, Medicaid reversals, tariff votes and Iran war-powers pressure in the first stretch. Republicans say it is a socialist wish list that still has to clear Trump's veto.
Three Weeks Out: Forecasters Favor Democrats for the House as the Senate Stays Close
Models and prediction markets point the same way on the House. The Senate runs through Texas, Ohio, Iowa, Michigan, Maine, Alaska and Nebraska.
Democrats Roll Out AI Safety Plans as the White House Bets on a Voluntary Industry Pact
Cantwell wants mandatory pre-release testing and audits. Trump says the industry should practice 'tremendous self-regulation.' Congress is unlikely to act before the election.