Monday 11 August 2025
The Mighty Headlines
Economics: US inflation set to rise further due to tariffs
Business and markets: AI creating billionaires at record pace
Foreign Affairs: UNSC mostly condemns Israel but US more nuanced
Security and intelligence: Iran arrests 20 alleged Israeli spies
Domestic politics: Tesla applies to supply electricity in the UK
The Mighty Stats
FTSE = 9,095.73 (down 0.055%)
S&P 500 = 6,389.45 (up 0.78%)
Nasdaq = 21,450.02 (up 0.98%)
CAC40 = 7,743.00 (up 0.44%)
£1 = $1.34 / €1.15
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The Mighty Detail
Economics: US inflation is set to rise as the effect of higher tariffs starts to feed through into the broader economy. CPI inflation in the US is expected to come to 0.3 per cent in July. This is up from the 0.2 per cent recorded in June.
Business and markets: The AI industry is creating billionaires at an unprecedented pace. There are now 498 AI “unicorn” companies – private enterprises valued at $1 billion or more. Of these, 100 have been started since 2023. Bloomberg reported in March that the four largest AI companies had created 15 billionaires between them.
Foreign Affairs: At an emergency meeting of the UN Security Council yesterday, countries broadly condemned Israel’s plan to occupy Gaza. The US ambassador, Dorothy Shea, said however that Israel had accepted three ceasefire agreements which Hamas had rejected.
Security and intelligence: The Iranian judiciary said at the weekend that 20 people had been arrested in recent months for allegedly spying for Israel. It said that it would show them “no leniency”. Iran is increasing the number of executions of people convicted for spying, with at least eight people killed so far this year.
Domestic politics: Tesla has applied to the UK energy regulator, Ofgem, to supply electricity in the UK. It is expected that Tesla would supply owners of Tesla cars and batteries. Tesla already supplies energy to consumers in the US.
The Mighty Calendar
What’s happening today?
Japan public holiday (Mountain Day)
Italy CPI inflation data
Company results from: Barrick Mining Corporation, Marshalls, DEC
Lookahead to tomorrow
US-China trade deal deadline
US CPI inflation data (July)
UK unemployment data (June)
UK average earnings data (June)
Company results from: Derwent
The Mighty Finale
🌤️Weather today
Light rain in the southwest of England. Largely dry and sunny elsewhere. High of 29C and low of 18C in London. Light cloud in Belfast. Sunny spells in Edinburgh.
✏️Life coaching quote of the day
“Working on a problem reduces the fear of it. It’s hard to fear a problem when you are making progress on it – even if progress is imperfect and slow. Action relieves anxiety.” – James Clear, writer
Mighty takeaway: Nothing more to add today!
That’s it for this morning. Thanks for reading and we hope you have a good start to the week.
Adios!
The Mighty Memo team