Despite falling behind the U.S. in some key areas, Wall Street Journal senior global correspondent Josh Chin reports that China is quickly catching up in the race to create an AI superintelligence. Plus, Wall Street Journal news associate Jared Mitovich says customers across the country are feeling the heat of escalating energy prices, partially caused by new data centers. Peter Champelli hosts.
P.M. Edition for Nov. 10. A settlement between merchants and Visa and Mastercard over interchange fees would let stores reject popular credit cards. WSJ reporter AnnaMaria Andriotis, who covers banking for the Journal, discusses why that’s a big change in the industry that could change how often you use premium credit cards. Plus, the longest government shutdown in U.S. history has an end in sight–and Democrats fuming at members of their own party. And while Hollywood box office has been in the doldrums after the pandemic, IMAX is an increasingly hot ticket. Alex Ossola hosts.
Plus: Transportation authorities ground MD-11 planes after a fatal crash in Kentucky. And video-sharing platform Rumble says it will acquire an artificial-intelligence infrastructure company for $970 million dollars. Anthony Bansie hosts.
Plus: Instacart reported higher third-quarter revenue and profit. And a group of Democratic senators scrutinize higher electric bills, partly attributing them to the AI boom. Julie Chang hosts.
Since the early 2000s, a fall in employment in the state of Nevada has preceded a broader U.S. recession. It makes sense why—the economic fortunes of Las Vegas, which make up a big part of the state’s overall economy, are intimately tied to consumers’ comfort with spending. Host Alex Ossola speaks with Andrew Woods, director of the Center for Business and Economic Research at the University of Nevada, Las Vegas, about what the state data shows now, and what it says about the health of the U.S. economy. This is part one of our four-part series on alternative economic indicators.
Plus: President Trump pardons Rudy Giuliani, Mark Meadows and dozens of others in connection with efforts to overturn the 2020 election. And Visa and Mastercard reach a settlement with merchants to lower fees. Zoe Kuhlkin hosts.
An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.
Plus, a federal appeals court denies the Trump administration’s bid to avoid fully funding SNAP benefits for November. And Novo Nordisk’s shares gain after the drugmaker withdraws from a bidding war over the obesity drug maker Metsera. Caitlin McCabe hosts.