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Semafor World Economy News
Semafor World Economy empowers global decision makers to navigate extraordinary complexity by curating the richest insights, ideas, and diverse perspectives on the new world economy. Read our complete news coverage.
LeBron James is getting ready for his post-NBA media career, partner says
In an appearance at last week’s Semafor World Economy gathering, Maverick Carter said that changes in the tech and media landscape will allow James some flexibility in terms of his next moves once he retires — which could be as soon as later this month.
Kris Tripplaar/Semafor
India can handle the energy shock if Iran ceasefire holds, top government adviser says
“This is something we can absorb,” V. Anantha Nageswaran, top economic adviser to the government of India, said at Semafor World Economy.
Tasos Katopodis/Getty Images for Semafor
CEO predicts ‘next golden era’ for content amid legacy media destruction
Speaking at Semafor World Economy, Cloudflare CEO Matthew Prince said the future belongs to media that’s “local, unique, differentiated.”
Tasos Katopodis/Getty Images for Semafor
US commerce secretary lashes out at Canada ahead of trade talks: ‘They suck … Is this nuts?’
Howard Lutnick spoke at Semafor World Economy months before USMCA is due for an extension.
US transportation secretary touts ‘wildly successful’ program recruiting gamers for air traffic controllers
“We’ve had a flood of young people coming in that want to be air traffic controllers,” Sean Duffy told Semafor World Economy.
Tasos Katopodis/Getty Images for Semafor
Life returning to normal at Abu Dhabi AI university, president says
Speaking at Semafor World Economy, MBZUAI President Eric Xing said optimism is spreading on campus for a peace deal.
Daniel Heuer/Semafor
Eli Lilly’s CEO is ‘disappointed’ that only 1 in 10 Americans are on GLP-1s
“We look at that as disappointing on the one hand because our job is to get medicines to patients,” Eli Lilly CEO David Ricks said at Semafor World Economy.
Tasos Katopodis/Getty Images for Semafor
Aliko Dangote says rising oil prices are threatening to devastate African airlines and farmers
Africa’s richest man told Semafor World Economy that the majority of African airlines “won’t be able to survive.”
Tasos Katopodis/Getty Images for Semafor
US oil producers open to ideas for more production, Burgum says
Oil producers are “leaning in,” US Interior Secretary Doug Burgum told Semafor World Economy.
Lexi Critchett/Semafor
DOJ antitrust chief wants US to be AI giant, but not with unlawful collaboration
“We also want to make sure that people and companies aren’t running afoul of information-sharing and collaboration,” Omeed Assefi said at Semafor World Economy.
Kris Tripplaar/Semafor
US chipmaker onsemi hedged through rest of year amid helium supply disruption
Onsemi CEO Hassane El-Khoury said at Semafor World Economy that he is watching the supply disruptions from the Gulf closely, but his company is hedged through the of the year.
Annabelle Gordon/Semafor
Barclays CEO says he wishes the bank ‘had nothing to do’ with troubled Tricolor and MFS private-credit deals
The bankruptcies show how “client selection has always got to be the most important thing in banking,” C.S. Venkatakrishnan told Semafor World Economy.
Kris Tripplaar/Semafor
Citadel Securities says prediction markets are a good hedge for geopolitical risks
Event markets would be an effective way for institutions to hedge portfolios against political risks, Jim Esposito says at Semafor World Economy.
Kris Tripplaar/Semafor
MAGA commentator Steve Bannon predicts Republicans will hold the US House
Speaking at Semafor World Economy, the Trump ally and outspoken AI critic also said Anthropic “had it right” in its fight with the Pentagon over the tech’s use in the military.
Lexi Critchett/Semafor
CEOs, lawmakers, tech leaders diverge on AI workforce impacts
The head of Scale AI told Semafor World Economy that AI would not cause an employment “apocalypse” but a Democratic lawmaker warned that AI job dislocations are a “hair on fire” moment.
Tasos Katopodis/Getty Images for Semafor
Sen. Susan Collins ‘very likely’ to vote against further Iran war authorization
“It is very likely that I would vote not to authorize further hostilities,” Collins said at Semafor World Economy.
Annabelle Gordon/Semafor
Development financing is undergoing a ‘structural reset,’ British International Investment CEO says
Many countries have been “uncomfortable with almost a paternalistic donor-recipient relationship,” Leslie Maasdorp told Semafor World Economy.
Tasos Katopodis/Getty Images for Semafor
Twitch CEO says its edge over YouTube, TikTok comes from ‘community’
“A lot of people talk about community in the online world, but I actually don’t think they use it right,” Twitch CEO Dan Clancy said at Semafor World Economy.
Lexi Critchett/Semafor
Condé Nast CEO says no plans to shut more magazine brands
“For us, it’s really more about focus,” Lynch said at Semafor World Economy after announcing the shutting down of Self magazine.
Lexi Critchett/Semafor
JetBlue CEO is asking passengers to say nice things to flight attendants, pilots
The airline’s new “Make a Crew Member’s Day” customer survey won’t pass along negative feedback to front-line employees, Joanna Geraghty said at Semafor World Economy.
Tasos Katopodis/Getty Images for Semafor
Billionaire philanthropist warns US democracy ‘won’t survive’ AI race
“Imagine we built an airport and then called in the engineers after all the planes are flying and crashing,” Frank McCourt said at Semafor World Economy.
Annabelle Gordon/Semafor
Spain’s economy minister says US trade ties should remain separate from disagreement on Iran
Carlos Cuerpo told Semafor World Economy that Spain’s relationship with the US is one it wants to “treasure” and “protect.”
Annabelle Gordon/Getty Images for Semafor
Private credit funds for retail investors backed loans with few protections, Bain Capital’s Gross says
This is the first “vintage” of private credit funds for the mass affluent, David Gross told Semafor World Economy.
Tasos Katopodis/Getty Images for Semafor
EPA chief says Congress needs to act on ‘forever chemicals’
Zeldin also said at Semafor World Economy that the current review of the controversial herbicide ingredient glyphosate is “on track.”
Kriss Tripplaar/Semafor
US loses ‘regenerative capacity’ without foreign talent, biotech CEO says
Restricting the ability to bring in foreign talent will hinder companies’ growth and the US economy, Flagship CEO Noubar Afeyan told Semafor World Economy.
Tasos Katopodis/Getty Images for Semafor
Seagate CEO sees ‘no limit’ to storage technology as streaming, AI beckon
Dave Mosley said at Semafor World Economy that storage technology will continue to advance, due to constant innovation.
Lexi Critchett/Semafor
Exelon CEO says rising energy costs can be addressed with easier rules
“We have inadequate supply to meet this rising demand,” Calvin Butler said at Semafor World Economy.
Kris Tripplaar/Semafor
Trump’s brand of ‘personal’ corruption will start subsiding after midterms: Ian Bremmer
Eurasia Group’s Ian Bremmer said at Semafor World Economy that there will be “a really rocky transition” away from US-driven globalization.
Eurasia Group’s Ian Bremmer. Lexi Critchett/Semafor
Scale’s CEO says AI-related layoffs are often theater
Jason Droege told Semafor World Economy that firms were “washing the layoffs” using AI for what he called ordinary “right-sizing.”
Lexi Critchett/Semafor
GOP Sen. Lankford says Trump can’t fire Jerome Powell
Lankford told Semafor World Economy that the Trump-backed investigation into Powell would soon wrap up.
Annabelle Gordon/Semafor
Iran will control Strait of Hormuz after war, former Biden adviser says
Tehran won’t give up its economic leverage, Amos Hochstein said at Semafor World Economy.
Annabelle Gordon/Semafor
Republican senator hopes Trump stays ‘neutral’ in heated Texas primary
Sen. Steve Daines also said at Semafor World Economy that he would “probably not” mount a run for Montana governor.
Kris Tripplaar/Semafor
AI could bring tailored financial advice to the masses
Penny Pennington, managing partner at Edward Jones, said AI is freeing up time for financial advisers to be “a human.”
Lexi Critchett/Semafor
GOP Sen. Todd Young says time to wrap up Iran war
Young said he’d patched up his relationship with Trump after not endorsing him in 2024.
Kris Tripplaar/Semafor
Dan Schulman urges Fortune 100 CEOs to follow Verizon’s lead in AI retraining
The Verizon CEO told Semafor World Economy he wants to pool funds with other business chiefs to retrain laid off workers.
Tasos Katopodis/Getty Images for Semafor
Data center firms are eyeing empty corporate parks, workspace CEOs say
“You’re seeing some shift to data centers, because [the towns] need the cash,” WeWork’s John Santora said at Semafor World Economy.
Tasos Katopodis/Getty Images for Semafor
Dr. Oz says AI in health care is a workforce upgrade instead of job threat
Helping Americans access the care they want “will allow them to reach a higher level of success in what they want to do in their lives,” he told Semafor World Economy.
Lexi Critchett/Semafor
Sen. Warner says job disruptions from AI are a ‘hair on fire’ moment
At Semafor World Economy, the Democratic lawmaker predicted 30% unemployment among new college grads in two years amid AI disruption.
Kris Tripplaar/Semafor
US Steel CEO says Nippon deal is paying off
Speaking at Semafor World Economy, US Steel CEO David Burritt said he’s “never seen a transformation go better.”
Tasos Katopodis/Getty Images for Semafor
Singapore opposes negotiations over access to Strait of Hormuz, deputy PM says
“This right is not negotiable,” Gan Kim Yong said at Semafor World Economy.
Kris Tripplaar/Semafor
John Kerry predicts negotiated settlement of Iran war
“My prediction is that we will get to an agreement,” the former US Secretary of State told Semafor World Economy.
Tasos Katopodis/Getty Images for Semafor
Trump-Xi summit could see more Chinese investment in US, China expert says
“In the long run, I do see a benefit of massive Chinese investment to the US,” the head of a Beijing-based think tank said at Semafor World Economy.
Tasos Katopodis/Getty Images for Semafor
Global fans should be able to visit US for World Cup, FIFA president says
The head of soccer’s governing body said at Semafor World Economy that he remains optimistic about the World Cup amid geopolitical tensions and Trump administration policies.
Tasos Katopodis/Getty Images for Semafor
Deutsche Bank’s Alexander Wynaendts says Europeans must ‘work harder’ and allow mergers to succeed
The supervisory board chairman of Germany’s largest bank says Europe needs to be more productive to compete with the US and China.
Tasos Katopodis/Getty Images for Semafor
Executives downplay fears of systemic private credit crisis
Executives at Semafor World Economy dismissed fears that private credit market jitters are a sign of a systemic crisis.
Goldman Sachs’ John Waldron. Kris Tripplaar/Semafor
CEOs are embracing AI agents as cyber risks grow
Swarms of such agents could create “an enormous mess” for cybersecurity, one executive said at Semafor World Economy.
Kraken’s Arjun Sethi. Annabelle Gordon/Semafor
Sen. Padilla will not endorse for California governor
“Let the people of California decide who their representatives are going to be,” Padilla told Semafor World Economy.
Tasos Katopodis/Getty Images for Semafor
Versant CEO: Keep politics out of the media business
“I think the less politics involved in our businesses, the better,” Versant CEO Mark Lazarus said at Semafor World Economy.
Tasos Katopodis/Getty Images for Semafor
Luma Group founder: ‘We cannot lose the race’ in drug development to China
“This becomes a national security issue for the United States,” said Luma Group founder Josh Fink at Semafor World Economy.
Lexi Critchett/Semafor
CEO of real estate giant JLL says geopolitical crises are slowing down big investments
“Investing into real estate and taking long-term decisions on signing large leases, people need to have visibility,” Christian Ulbrich said at Semafor World Economy.
Kris Tripplaar/Semafor
CEOs say further gamification is coming to personal health care
“The hardest thing to do is get people to change [their] behavior,” Oura CEO Tom Hale said at Semafor World Economy.
Tasos Katopodis/Getty Images for Semafor
Bayer CEO says AI is powerful tool in drug development
Bill Anderson also said the company is harnessing the technology for crop protection.
Kris Tripplaar/Semafor
Telehealth CEOs say consumerization of health care was long overdue
GoodRX CEO Wendy Barnes and Ro CEO Zach Reitano told Semafor World Economy the demand for GLP-1 drugs created a new playing field for drug pricing.
Lexi Critchett/Semafor
Iran war is a ‘food security time bomb’
David Miliband, CEO of the International Rescue Committee, told Semafor World Economy that the war “couldn’t have come at a worse time.”
Kris Tripplaar/Semafor
Republican senator floats second housing bill amid rift with House
“Let’s not let the perfect become the enemy of the good here; let’s get something done,” Sen. Pete Ricketts said at Semafor World Economy.
Kris Tripplaar/Semafor
US Acting AG Blanche supports public Epstein hearings
Speaking at Semafor World Economy, Blanche denied saying he wanted to move on from the Epstein controversy.
Tasos Katopodis/Getty Images for Semafor
Cisco CEO: AI job loss could cause ‘civil challenges’
CEO Chuck Robbins says society is grappling with an ‘existential concern’ about the impact of AI.
Tasos Katopodis/Getty Images for Semafor
US online mortgage lender sees recession on horizon
“Recessionary times are the best time to stop paying rent and be your own landlord,” Vishal Garg said at Semafor World Economy.
Kris Tripplaar/Semafor
ECB in ‘no rush’ to raise rates, French central bank chief says
“There is no predetermined calendar,” François Villeroy de Galhau said at Semafor World Economy.
Tasos Katopodis/Getty Images for Semafor
Norway will keep $1 trillion in US stocks, finance minister says
The US market reflects the dynamism of the country’s economy, Jens Stoltenberg said at Semafor World Economy.
Lexi Critchett/Semafor
Kalshi CEO expects US DOJ to prosecute insider trading cases
“If you commit insider trading on Kalshi, that can and will at some point be a federal crime,” Tarek Mansour said at Semafor World Economy.
Lexi Critchett/Semafor
‘Every continent’ should have advanced chipmaking facilities, says ARM CEO
“It’s good hygiene to have supply-chain resiliency,” Haas told Semafor World Economy.
Kris Tripplaar/Semafor
Tech dealmaker Orlando Bravo bullish on SaaS companies using AI
The head of one of the largest owners of enterprise software companies said at Semafor World Economy he’s seeing “incredible buying opportunities.”
Semafor
World should follow China’s lead in driving faster AI adoption, Philip Morris CEO says
Faster adoption at the individual level will put some countries ahead of others, Jacek Olczak said at Semafor World Economy.
Annabelle Gordon/Semafor
Kalshi CEO says the prediction-market firm is ‘launching a portal for parents’
“We want this to be a tool for good, not a tool for excessive behaviors,” Tarek Mansour said at Semafor World Economy.
Lexi Critchett/Semafor
Chime CEO says US consumers are taking fuel price spike in stride
“Overall we see a very healthy consumer,” Chime CEO Chris Britt said at Semafor World Economy.
Annabelle Gordon/Semafor
White House cyber director says more digital executive orders coming ‘soon’
Sean Cairncross told Semafor World Economy that he remains “very worried” about attacks from Iran amid the war.
Kris Tripplaar/Semafor
Democratic Sen. Mark Kelly says he’s still ‘undecided’ about a 2028 presidential run
Kelly sidestepped the question at Semafor World Economy. “At some point, I will make a decision,” he said.
Tasos Katopodis/Getty Images for Semafor
Trump Kennedy Center will be ‘great living memorial’ to Kennedy again, former chairman Rubenstein says
Carlyle Group co-founder David Rubenstein told Semafor World Economy that he didn’t think the venue was in bad shape after the US president criticized its condition.
Tasos Katopodis/Getty Images for Semafor
Rep. DelBene says affordability more important to voters than impeachment
Democratic leaders have been loath to lean too far into impeaching Trump.
Tasos Katopodis/Getty Images for Semafor
Surge in gas prices is a ‘short-term, necessary exercise’ for expansion, SBA administrator says
The gas price surge will be a “temporary disruption” that will help ensure energy security, Trump ally and SBA administrator said at Semafor World Economy.
Kris Tripplaar/Semafor
Hyundai-LG opening battery plant after US ICE raid causes monthslong delays
CEO José Muñoz told Semafor World Economy that he has three top priorities for Hyundai: “U.S.A.”
Kris Tripplaar/Semafor
Chef José Andrés: Every country needs a national food security adviser
“If we are not careful, we’re going to be seeing a true shortfall of food outputs because of the lack of fertilizer,” the famed chef José Andrés said at Semafor World Economy.
Tasos Katopodis/Getty Images for Semafor
Commerzbank is open for dialogue with UniCredit, CEO says
The two banks disagreed about valuations, Commerzbank CEO Bettina Orlopp said at Semafor World Economy.
Tasos Katopodis/Getty Images for Semafor
AI-stock mania leading to bargains among neglected small caps, Ariel’s John Rogers says
Small caps are set to “massively” outperform when valuations narrow, Rogers said at Semafor World Economy.
Kris Tripplaar/Semafor
Executives signal optimism over the Gulf’s postwar outlook
The Gulf region can bounce back from the Iran war, and possibly emerge stronger, business leaders said Tuesday.
Annabelle Gordon/Semafor
Energy experts split on gas’ postwar future
The oil and gas crisis stemming from the Iran war has made energy security a central factor globally, officials and executives at Semafor World Economy said.
Tasos Katopodis/Semafor
Executives raise alarm bells over global economic prospects
Leading executives at Semafor World Economy raised alarm bells over the prospects for the world economy, as the IMF cut its growth outlook for 2026.
Kris Tripplaar/Semafor
Occidental CEO says Middle East war would ‘end a lot sooner’ if NATO and Europe helped the US
The US “president is pulling every lever he can think of,” Occidental CEO Vicki Hollub said at Semafor World Economy.
Tasos Katopodis/Getty Images for Semafor
OakNorth’s US business lending unit will overtake its UK operation within a year, CEO says
The bank has carved out a niche by targeting businesses with annual revenues between $1 million and $100 million.
Tasos Katopodis/Getty Images for Semafor
Top Trump aide downplays Iran’s economic risks
Fears of a global downturn amid a protracted conflict are overblown, US National Economic Council Director Kevin Hassett said at Semafor World Economy.
Lexi Critchett/Semafor
Investors overreacted to private credit risks, Franklin Templeton CEO says
The private credit Saas-pocalypse is overblown, Franklin Templeton’s Jenny Johnson said at Semafor World Economy.
Annabelle Gordon/Semafor
Michigan Democrat Sen. Gary Peters says tariffs can be a ‘tool’ if used thoughtfully
A future Democratic president could use tariffs in a more “thoughtful” way than the Trump administration, he told Semafor World Economy.
Kris Tripplaar/Semafor
CEO predicts ‘Cambrian explosion’ of startups after SpaceX IPO
“Space is an emerging market. It’s a physical domain around the Earth,” Aurelia Institute CEO Ariel Ekblaw said at Semafor World Economy.
Kris Tripplaar/Semafor
FTX CEO says ‘massive wall’ of debt could take out regional banks
The exec steering the FTX cryptocurrency bankruptcy said at Semafor World Economy that regional banks could fail over private credit.
Annabelle Gordon/Semafor
Republican senator pledges to authorize Trump’s Iran war
But such a vote probably won’t happen, Sen. Tim Sheehy said at Semafor World Economy.
Annabelle Gordon/Semafor
World Cup travelers could become ‘political footballs’ over TSA shutdown, Clear CEO warns
“This cannot be how we operate our travel industry when we lead in innovation in the US,” Caryn Seidman Becker said at Semafor World Economy.
Anabelle Gordon/Semafor
Yahoo CEO Jim Lanzone says Trump’s tariffs hit its advertising business
Ads for the automotive industry and consumer packaged goods were the worst hit, he told Semafor World Economy.
Tasos Katopodis/Getty Images for Semafor
AI agents will make travel more human, CEOs predict
Orchestrating between AI agents and real humans will create better results and build trust, CEOs of Navan and Expedia said at Semafor World Economy.
Kris Tripplaar/Semafor
France is willing to help keep Strait of Hormuz open post-conflict, finance minister says
“We want to protect our economy,” Roland Lescure said at Semafor World Economy.
Annabelle Gordon/Semafor
Xcel Energy CEO says US must scale up power infrastructure to meet AI challenge
“We need to build at a pace of generation and transmission that we haven’t seen in the past decade,” Bob Frenzel told Semafor World Economy.
Lexi Critchett/Semafor
Kraken co-CEO says fears over AI SaaS disruption are overblown
Speaking at Semafor World Economy, Kraken co-CEO Arjun Sethi said the company aims to help its customers access sophisticated trading strategies.
Marco Bello/Reuters
Iran energy crisis will ‘redraw the global energy map,’ IEA chief says
Speaking at Semafor World Economy, Fatih Birol said “we are not going back to where we were” even after the Strait of Hormuz reopens.
Tasos Katopodis/Getty Images for Semafor
US-China relationship will stabilize because of ‘mutually assured economic disruption,’ Hank Paulson says
US President Donald Trump and Chinese President Xi Jinping could be forced to find a way out of the trade war and tensions during their planned summit next month, the former US Treasury secretary said at Semafor World Economy.
Tasos Katopodis/Getty Images for Semafor
Markets are mispricing geopolitical risk, Carlyle CEO Harvey Schwartz says
Schwartz said geopolitical events “are hard to price and they are hard to hedge,” but he remians optimistic on the economy.
Kris Tripplaar/Semafor
Prolonged Iran war reduces chance of rate cut, Chicago Fed president says
Inflation impact of tariffs still unclear, Fed’s Austan Goolsbee said at Semafor World Economy.
Kris Tripplaar/Semafor
US-EU relations will remain strong despite Iran war, Greek finance chief says
Stagflation in Europe brought about by the Iran conflict is the “worst case scenario,” but “we’re not yet there,” Kyriakos Pierrakakis said at Semafor World Economy.
Tasos Katopodis/Getty Images for Semafor
Dubai domestic spending nearly recovered to prewar levels, economic chief says
Despite facing heavy bombardment from Iran, the UAE’s biggest city has remained resilient, Dubai’s economic chief told Semafor World Economy.
Kris Tripplaar/Semafor
FanDuel, Under Armour CEOs say boom in women’s sports is only beginning
There’s big money to be made, Under Armour CEO Kevin Plank and FanDuel CEO Amy Howe said at Semafor World Economy.
Lexi Critchett/Semafor
Iran conflict reveals ‘terrifying’ economic warfare, Exiger CEO says
The Iran conflict has revealed a doctrine of war focused on economic rather than strategic impact, the CEO of a supply-chain company said at Semafor World Economy.
Lexi Critchett/Semafor
Neuberger Berman CEO George Walker sees private credit jitters as ‘overdone’
Neuberger Berman CEO George H. Walker sees Blue Owl navigating through retail investor withdrawal requests.
Kris Tripplaar/Semafor
Watch: Semafor World Economy Day 5
Welcome to the virtual broadcast of Semafor World Economy 2026.