The Supreme Court has blocked the implementation of new mail-in voting safeguards, claiming concerns about timing and potential disruption during the election period.
PULSE POINTS WHAT HAPPENED: The Supreme Court has refused to reinstate new U.S. Postal Service (USPS) regulations aimed at enhancing the security of mail-in voting, leaving a lower court’s decision to block the rules in place. This comes as mail ballots have already been distributed in some states ahead of the November midterm elections. DETAIL: The Postal Service’s new rules, intended to ensure mail-in ballots were sent only to eligible voters, were finalized late last month but faced legal challenges from Democrats and anti-election integrity activists, who claimed the reforms would disrupt the ongoing election process. State and local election officials opposed to mail-in ballot reform claimed that implementing the changes at…Open
Nvidia CEO Jensen Huang took a surprise call from President Trump onstage at the All-In Summit Monday in Los Angeles, where the two dismissed fears of an AI takeover. Why it matters: Trump and Huang are staking out an increasingly clear rejection of AI doomerism right as some of the world's most powerful CEOs and AI experts call for slower AI development over safety concerns. Driving the news: Huang appeared to receive a call from Trump in the middle of an All-In Podcast interview Monday, according to video footage circulating on social media. - Huang put the president on speaker so the crowd could hear the conversation. What they're saying: Trump and Huang shared an optimistic view of AI, highlighting its potential for economic…
Seven weeks ago, Warsh took questions from the media, and it didn't go well . Markets sold off as he seemed vague and evasive about the reasoning behind the latest interest rate decision. Wednesday, he gets a do-over. Why it matters: Investors will be thirsty for a more detailed explanation of the Fed's decision than the one Warsh offered in late July — even while respecting his intention not to give explicit guidance about future policy moves. - Markets are pricing in a quarter-point increase in rates — but the why behind that likely move is more significant than the act itself, for what it says about the Fed's analytical framework under its new leadership. - And if the Fed's policymaking Federal Open Market Committee elects to…
