What Fiscal Dominance Means for Your Money
By
Save
Welcome to the award-winning Money Distilled newsletter. I'm John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
Dealing with a surplus of government debt is a tricky business, as we're all rapidly finding out.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 minutes ago
- Yahoo
Top light heavyweight Joshua Buatsi closing in on promotional deal with Frank Warren's Queensberry
Light heavyweight contender Joshua Buatsi is Queensberry bound. Buatsi is expected to depart from Ben Shalom's BOXXER and finalize a promotional deal with Frank Warren's Queensberry Promotions this week, sources close to the situation told Uncrowned. The London-based former WBO interim champion previously left Eddie Hearn's Matchroom Boxing to sign with BOXXER in 2023. The move was the subject of a £7.7 million ($9.5 million) high court battle after Matchroom alleged that BOXXER and Sky Sports had persuaded Buatsi to unlawfully abandon his exclusive promotional contract with them. The lawsuit resulted in the respective parties reaching a settlement earlier this year. Per court documents obtained by Uncrowned, Buatsi was offered an 18-month agreement with BOXXER for a minimum of four bouts with a minimum total aggregate purse between £3.25 million ($4.05 million) and £3.75 million ($4.68 million). Buatsi had his fourth contest with BOXXER when he dropped his WBO interim title to Callum Smith this past February on the Dmitry Bivol vs. Artur Beterbiev 2 undercard in Riyadh, Saudi Arabia. Buatsi's departure from BOXXER is expected to be the first of many fighters exiting the promotional stable after Sky Sports chose not to renew its four-year, £36 million ($45.5 million) agreement with the British promoter. Uncrowned understands that talks have taken place between BOXXER and the BBC to broadcast shows on iPlayer, although if a deal were to be reached, it would be significantly smaller than the one BOXXER had with Sky. BOXXER's primary rivals, Matchroom and Queensberry, have existing output agreements with streaming service DAZN. Queensberry also promotes Anthony Yarde, who challenges David Benavidez for the WBC light heavyweight title in November. A Buatsi vs. Yarde fight has been desired by British fans for the better part of the last decade, though an agreement for the matchup has yet to materialize.
Wall Street Journal
42 minutes ago
- Wall Street Journal
Super Robot Threatens Washington
The people who inhabit Washington's bureaucratic swamp breathed a collective sigh of relief when Elon Musk went back to running his companies. But the swamp's newspaper of record suggests that significant drainage ambitions are very much alive at the Department of Government Efficiency. A story in the Washington Post may read to some federal regulators like the screenplay to a horror film, but liberty fans are bound to see the makings of the feel-good movie of the year.
Yahoo
an hour ago
- Yahoo
Google launches AI Mode in the UK amid ‘major shift' in online search
Google has unveiled the UK rollout of a new artificial intelligence-powered tool it believes will revolutionise the traditional online search. Hailed as its most 'powerful AI search to date', the US tech giant is launching AI Mode in Google Search across the UK this week, allowing users to ask lengthy and complicated questions, as well as follow-ups. AI Mode will start to appear as a tab on the Google Search results page and in the Google app for Android and Apple smartphones from Tuesday, and will be available to all UK users over the next few days. The function was launched in the US at the end of May, followed by India earlier in July, and comes in addition to Google's AI Overview, which is now built into its searches. Hema Budaraju, Google's vice president of product management for search, told the PA news agency it heralds a 'major shift' in the way people are using online searches, with questions now becoming longer and more complex. In a blog announcing the launch, Ms Budaraju said: 'AI Mode is a new, intuitive way to address your most complex, multi-part questions and follow-ups, and satisfy your curiosity in a richer way.' She added: 'AI Mode is particularly helpful for exploratory questions and for more complicated tasks like comparing products, planning a trip or understanding complex how-tos. 'In fact, we've found that early users of AI Mode are asking questions that are two or three times the length of traditional search queries.' The tool is powered by Google's latest AI model, Gemini 2.5, and allows users to ask nuanced questions that would have previously required multiple searches. The new search works by breaking down questions into sub-topics and sending out a range of queries on the behalf of users. It will also allow so-called multimodal searches, either by text, voice or pictures. Ms Budaraju said it should make it possible for people to 'find information that was previously much harder to find'. 'This is the beginning of a major shift,' she told PA. Google said it was improving factuality, but that where AI Mode is not confident in the answer, it will instead provide a set of web search results. 'And as with any early-stage AI product, we won't always get it right, but we are committed to continuous improvement,' Ms Budaraju said.
