Fed officials wash away market bets on October rate increase

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Meta launched Muse Image, the first artificial intelligence image model from Meta Superintelligence Labs. The feature drew immediate pushback because anyone can generate an image of another person by tagging their public Instagram username in a prompt, and public accounts are included by default unless users navigate to a buried setting to opt out, Wired…

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($832,750 or less) rose to 6.81% from 6.76% the prior week. The effective rate on the same product climbed to 6.99%, its highest level since July 2025, according to Oxford Economics data derived from the MBA survey. Jumbo 30-year rates edged up…

President Donald Trump and Chinese President Xi Jinping tour Zhongnanhai Garden in Beijing, China, May 15, 2026. China Pool | Getty Images News | Getty Images Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a snapshot of what I’m seeing and hearing from local…

Competition in digital banking is intensifying across the Middle East and Africa, as Gulf banks innovate to become customers’ primary financial relationship, African institutions test whether AI can deliver profitable scale, and Bahrain seeks to convert its open banking head start into lasting commercial advantage. Read on to discover why personalisation and embedded services are…

Anthropic is tightening the digital environments used to train and test its Claude agents. The update came after its models accessed three organizations’ systems without permission in April. The company said in a Monday blog post that it had deployed real-time classifiers designed to detect when an AI model aggressively probes or attempts to escape a testing…