The bill for fear came due
Donald Trump tried to win an election about prices by talking about enemies. Voters noticed, and so did markets.
Vol. 01 / Issue 2 / 7 November 2026
The bill for fear
Americans voted on prices, and on a president who chose fear over them. Congress has changed hands.
In this issue
Democrats seize Congress in a stinging rebuke to Donald Trump
The party won the Senate with at least six gains and is projected to take the House, giving the president a divided government for the rest of his term. Stock futures fell.
Exit poll: Americans vote with the economy, and Donald Trump, in mind
Forty-three per cent of voters say they cast their ballot partly to oppose the president, and two-thirds say his policies have made the economy worse, according to early exit-poll results.
Wall Street rallies on a Democratic Congress, with clean energy up and defence down
The Dow jumped 1,200 points as investors bet on more predictable policy. Solar stocks, hospitals and Big Tech led; defence contractors, private prisons and Trump-linked shares fell.
Bank of England raises rates for the first time since 2023 as war lifts inflation
The Monetary Policy Committee voted 8–1 to lift Bank Rate to 4 per cent and warned that inflation will approach 5 per cent next year unless the conflict in the Middle East eases.
Europe moves closer to a single company for its start-ups
EU governments have backed 'EU Inc.', a pan-European company that could be registered online in 48 hours for under €100, but want more time and more control.
Netanyahu's bill comes due
Ending America's $4bn a year to Israel is the price of a government that tied the country to the American right and to its own far-right partners.
The $6.3bn Binance heist, and the state accused of it
Hackers drained the world's biggest crypto exchange in about 20 minutes in what is probably the largest theft on record. The FBI blames North Korea, which calls the charge "absurd rhetoric".
Europe's banks look strong. Their bond portfolios tell a more complicated story
Profits are healthy and capital buffers remain substantial. Yet growing exposure to government debt deserves closer attention.
Everyone at work is using AI. So where is the productivity boom?
Employees are completing tasks faster, but businesses are discovering that saving time and creating economic value are two different things.
