U.S. Federal Reserve Chair Jerome Powell speaks during a property conference, pursuing the issuance of the Federal Open Market Committee's connection connected involvement complaint policy, successful Washington, D.C., U.S., Sept. 17, 2025.
Elizabeth Frantz | Reuters
After a seemingly unproductive gathering betwixt lawmakers and U.S. President Donald Trump connected Monday, the chances that the country's authorities volition beryllium shutting down 2 days aboriginal look to beryllium growing.
If the U.S. authorities shuts down, it's fundamentally similar a depressed millennial spending a week successful furniture having an existential crisis. That is to say, captious functions of the country, specified arsenic defence and healthcare, are preserved, but non-essential ones volition beryllium curtailed.
One of the offices that volition intermission functioning: the Bureau of Labor Statistics, which releases the jobs and ostentation reports, connected which the Federal Reserve relies to marque complaint decisions. Delayed oregon murky information means a foggier oversea for Chair Jerome Powell to navigate.
Still, large U.S. indexes climbed connected Monday arsenic artificial quality kingpin Nvidia regained immoderate crushed mislaid past week, portion shares of Electronic Arts popped connected quality that the video crippled institution volition beryllium taken private.
Meanwhile, investors pushed up shares of Etsy due to the fact that of its tie-up with OpenAI's new Instant Checkout feature. In different words, the haven for firm refugees, who person turned to handmaking crafts, is partnering the artificial quality institution that seems to beryllium creating firm refugees.
Cue much millennial existential crises.
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General manager of the French Public Investment Bank Nicolas Dufourcq astatine the Elysee palace successful Paris, connected Nov. 28, 2024.
Thomas Samson | Afp | Getty Images
France's sovereign wealthiness main has a informing for Europe: We're being 'doubly colonized'
The caput of France's authorities concern slope Bpifrance has painted a grim representation of Europe, saying the continent is caught betwixt the world's 2 largest economies and is incapable to money its ain future-critical industries.
"I'm atrocious to beryllium extremist successful my vision, but we are doubly colonized: industrially colonized by the Chinese, digitally colonized by the U.S.," Dufourcq said astatine IPEM, a backstage superior league successful Paris, past week. "It's not successful the future; the consequences are now."
— Ganesh Rao
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