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Federal Reserve Board Chair Jerome Powell arrives to testify before the Senate Committee on Banking, Housing, and Urban Affairs on 'The Semiannual Monetary Policy Report to the Congress', at Capitol Hill in Washington on Tuesday, July 17, 2018.
  • The Fed could be making inflation even hotter with its promises of rate cuts.
  • That's according to former Fed Governor Kevin Warsh, who

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Illustration by Alex Castro / The Verge

Microsoft is starting to preview mouse and keyboard support for Xbox Cloud Gaming today. Xbox Insiders will be able to start playing with their mouse and keyboard in Edge, Chrome, or the Xbox app on Windows PCs, nearly two years after Microsoft announced it was preparing to add mouse and keyboard support to its Xbox Cloud Gaming



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Interest payments are costing the government more.
  • The soaring national debt threatens to cause market chaos and economic pain, two watchdogs warned.
  • The US government's ballooning interest payments are eating a hole in its budget, they said.
  • Investors have brushed off the threat but there's a risk of a UK-style market meltdown.

The US government is racking up dangerous amounts of debt


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Mashable

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Apple logo on window

Try to contain your surprise: Apple is going to hold a big event later this year.

No, not the one announcing new iPhones, though that's inevitable, too. This one will be focused on the next versions of iOS, iPadOS, and the rest of Apple's software suite. That's right, the 2024 Worldwide Developers Conference is starting on June 10, per an official announcement from Apple on Tuesday.

SEE



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Philadelphia Eagles quarterback Jalen Hurts , playing against the Tampa Bay Buccaneers in January 2024.
Peacock will stream another NFL game — this time featuring the Philadelphia Eagles in September.
  • Comcast's Peacock, which streamed an NFL playoff game in January, has another game scheduled for this fall.
  • This one will be a regular season game, so it won't attract the same positive and negative attention.
  • But the last one worked for both the NFL and Peacock, so expect more of

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home buyers
US homebuyers need to make $114,000 a year to afford a median-priced home, Redfin says.
  • US homebuyers need to make $114,000 a year to afford a median-priced home, Redfin says.
  • Analysts said median home prices have risen twice as fast as the increase in median household incomes in the last year. 
  • The last time the typical household earned more than the median-priced home was in February



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A screenshot from a user-generated AI video made by Sora
A cross between a giraffe and a flamingo is only one of the surreal images to come out of the first third-party Sora releases.
  • OpenAI has released the first third-party videos produced with its unreleased Sora tool.
  • The new clips include a bizarre nature documentary and the story of a man with a balloon for a head.
  • The AI videos are impressive, but one former Stability AI



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A man drives a tractor through fields
  • The UK government's Advanced Manufacturing Plan is investing £4.5 billion into sustainable manufacturing.
  • A joint initiative between the government and the automotive industry has led to the creation of the world's first methane-powered tractor.
  • The technologies developed to support the tractor can be applied in heavy-duty vehicles like trucks and buses.

As the UK government builds on the



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President Joe Biden smiles and waves in front of a US flag
President Joe Biden smiles waves after speaking at Stupak Community Center on March 19, 2024, in Las Vegas.
  • President Joe Biden's support and approval polls have improved in recent weeks.
  • He's still trailing Trump in several key battleground states, but is doing better than before.
  • The spike comes with less than eight months to go until he faces off against Trump in November.

Dem


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