2: The European Central bank held interest rates steady at 2% today, waiting to see the impact of the new US-EU trade agreement. Meanwhile, across the pond, US consumer prices rose 0.2 percentage points to 2.9% in August, highlighting the ongoing challenges for the Fed as President Trump’s tariff policies stoke inflation fears while he also pressures the regulator to lower rates. For more on why that matters, see this explainer by GZERO’s Alex Kliment.
248 million: Going once, going twice. The famed auction house Sotheby’s annual losses have doubled to $248 million, as the global art market continues to collapse due to uncertainty about the US economy and a tapering-off of interest from high-end Asian buyers.
50: Mexico will slap 50% tariffs on Chinese/Asian automobiles, up from the current 20%. The move is part of a broader tapestry of new trade barriers meant to protect the country’s own industries from Asian competition, but the moves will also be welcomed by the US – Washington has accused Mexico of being a “back door” for cheaper Asian goods to enter the US.
America’s new National Security Strategy confirms what Europeans have feared for months: Washington now sees a strong, unified European Union as a problem to be solved, not an ally to be supported.
In this episode of Tools and Weapons, Microsoft Vice Chair and President Brad Smith sits down with Ed Policy, President and CEO of the Green Bay Packers, to discuss how purpose-driven leadership and innovation are shaping the future of one of the world’s most iconic sports franchises. Ed shares how technology and community-focused initiatives, from Titletown Tech to health and safety innovations on the field, are transforming not just the game of football, but the economy and culture of Green Bay itself. He explains how combining strategic vision with investment in local startups is keeping talent in the Midwest and creating opportunities that extend far beyond Lambeau Field.
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More than a week after Hondurans cast their ballots in a presidential election, the country is still stuck in a potentially-dangerous post-election fog.