Axios

President Trump on Thursday called anyone who uses "Artificial Intelligence" instead of "Super Intelligence" "THE ENEMY!" — even as the White House continues using the term "AI."

Why it matters: Trump's push to rebrand AI as "super intelligence" clashes with established terminology in the technology industry.

New applications for unemployment benefits have stayed below 200,000 in a stretch rarely seen in modern history.

• Jobless claims fell by 2,000, to 197,000, last week, the Labor Department said Thursday morning.

Why it matters: It points to a remarkable stability on the "firing" side of the labor market, even amid a slower pace of hiring on the other side of the equation.

A couple more interest rate hikes are probably on the way. But the Federal Reserve is in no great hurry to deliver them. That's the takeaway from the latest round of communications out of the central bank.

Why it matters: It implies that the Fed is not in a full-scale effort to tighten the screws on the economy, but rather a cautious recalibration in light of inflationary pressures and robust growth.