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   Plus: Cutting cake and costs.
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               Monday, January 26, 2026
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               Pete Kiehart/Bloomberg via Getty Images
               <span class="ql-cursor">
                
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              <span style="font-size:16px;color:#000000;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;background-color:#FFFFFF">
               Good morning, Quartz readers! It’s Shannon Carroll with the Daily Brief. Today, monetary policy meets political theater, weddings meet spreadsheet reality, Substack meets your living room, and cold-weather burnout meets its match in affordable 
airfare.
              </span>
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               HERE'S WHAT YOU NEED TO KNOW
               <span class="ql-cursor">
                
               </span>
              </span>
             </h2>
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             <div>
              <strong style="font-size:16px;color:#000000;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;background-color:#FFFFFF">
               Davos AI: from moonshot to utility bill.
              </strong>
              <span style="font-size:16px;color:#000000;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;background-color:#FFFFFF">
               Instead of benchmark bravado, last week’s big conversations kept snapping back to electricity, permitting, and who will get to
              </span>
              <a data-linktext="scale under tightening rules." data-linktype="Normal" style="color:#168DD9;font-size:16px;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;background-color:#FFF;text-decoration:none;" target="_blank">
               scale under tightening rules.
              </a>
              <span style="font-size:16px;color:#000000;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;background-color:#FFFFFF">
               
              </span>
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20px;line-height:1.5;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:12px;color:#000000;mso-line-height-rule:exactly">
             <div>
              <strong style="font-size:16px;color:#000000;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;background-color:#FFFFFF">
               Substack found itself a bigger screen.
              </strong>
              <span style="font-size:16px;color:#000000;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;background-color:#FFFFFF">
               With a TV app, the platform is pushing beyond text into a more networklike identity, rewarding 
celebrity gravity and production polish, whether or not writers
              </span>
              <a data-linktext="asked for it." data-linktype="Normal" style="color:#168DD9;font-size:16px;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;background-color:#FFF;text-decoration:none;" target="_blank">
               asked for it.
              </a>
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              <strong style="font-size:16px;color:#000000;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;background-color:#FFFFFF">
               The newest flex is buying nothing.
              </strong>
              <span style="font-size:16px;color:#000000;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;background-color:#FFFFFF">
               A no-buy year is being marketed as both a money move and a mental 
declutter, especially among younger consumers squeezed by costs and
              </span>
              <a data-linktext="exhausted by consumption culture." data-linktype="Normal" style="color:#168DD9;font-size:16px;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;background-color:#FFF;text-decoration:none;" target="_blank">
               exhausted by consumption culture.
              </a>
              <span style="font-size:16px;color:#000000;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;background-color:#FFFFFF">
               
              </span>
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             <div>
              <strong style="font-size:16px;color:#000000;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;background-color:#FFFFFF">
               Amazon is cutting staff and 
selling “speed.”
              </strong>
              <span style="font-size:16px;color:#000000;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;background-color:#FFFFFF">
               A layoff wave could hit as soon as next week across AWS, retail, Prime Video, and more, extending a restructuring framed as efficiency and, conveniently,
              </span>
              <a data-linktext="a culture clean-up." data-linktype="Normal" style="color:#168DD9;font-size:16px;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;background-color:#FFF;text-decoration:none;" target="_blank">
               a culture clean-up.
              </a>
             </div>
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                  SPONSORED
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                   Hands Down Some Of The Best Credit Cards
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                  <span style="font-size:20px;font-family:Arial,Helvetica,sans-serif;color:#000000;background-color:rgba(0,0,0,0)">
                   Did you know some credit cards could actually help you get out of debt faster?
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                  <span style="font-size:20px;font-family:Arial,Helvetica,sans-serif;color:#000000;background-color:rgba(0,0,0,0)">
                   Yes, it sounds crazy. But it’s true. The secret: Find a card with a “0% intro APR" period for balance transfers.
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                  <br/>
                 </div>
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                  <span style="font-size:20px;font-family:Arial,Helvetica,sans-serif;color:#000000;background-color:rgba(0,0,0,0)">
                   Then, transfer your debt balance and pay it down as much as possible during the intro period.
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                  <strong style="font-size:20px;font-family:Arial,Helvetica,sans-serif;color:#000000;background-color:rgba(0,0,0,0)">
                   No interest means you could pay off the debt faster.
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               FED UP WITH IT ALL
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               The Federal Reserve has been having a normal year, if your definition of “normal” includes a criminal probe, a Supreme Court showdown, and a president publicly shopping for your replacement. Jerome Powell still has to chair a rate-setting meeting next week. The institution still has to look steady while the ground crew throws wrenches.
              </span>
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              <br/>
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             <div>
              <span style="font-size: 16px">
               The Federal Reserve has survived a lot of presidential chest-thumping. Harry Truman leaned on the Fed during the Korean War, 
and Lyndon B. Johnson famously got physical with a Fed chair at his Texas ranch in 1964. But this season has a new garnish: subpoenas.
              </span>
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              <br/>
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             <div>
              <span style="font-size: 16px">
               President Donald Trump has turned the pressure campaign into a daily beat.
              </span>
             </div>
             <div>
              <br/>
             </div>
             <div>
              <span style="font-size: 16px">
               For almost a year, he has been savaging Jerome Powell for moving too slowly on rate cuts, and the tactics have escalated from insults to institutions. He has tried to push out Fed governor Lisa Cook over 
mortgage-fraud allegations, and the Justice Department opened a criminal probe into Powell earlier this month.
              </span>
             </div>
             <div>
              <span style="font-size: 16px">
               ​
              </span>
             </div>
             <div>
              <span style="font-size: 16px">
               The irony is: a campaign meant to bend the Fed could end up reinforcing it.
              </span>
             </div>
             <div>
              <br/>
             </div>
             <div>
              <span style="font-size: 16px">
               After arguments in Cook’s case, the Supreme Court appeared inclined to set a high bar for removing a Fed policymaker, a legal threshold that would make the institution harder to shove around by headline.
Powell has also been dialing for support, including outreach to Republican senators.
              </span>
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             <div>
              <br/>
             </div>
             <div>
              <span style="font-size: 16px">
               Next week’s two-day meeting is the first of the year, and policymakers are widely expected to pause after three straight rate cuts in 2025. Powell’s term ends in four months, and Trump has choreographed a rolling audition to replace him, with a shortlist that spans White House, Wall Street, and the Fed itself.
              </span>
             </div>
             <div>
              <br/>
             </div>
             <div>
              <span style="font-size: 16px">
               The Fed has shown it can 
trim staff, downplay climate work, and pull back on diversity efforts to keep the peace at the margins. Monetary policy sits in the center. The real test next week is simple: whether the institution can make independence look normal while Trump insists on making it weird.
              </span>
              <a data-linktext="Quartz’s Joseph 
Zeballos-Roig has more on the FOMC meeting with a target on its back." data-linktype="Normal" style="color:#168DD9;text-decoration:none;font-size:16px;" target="_blank">
               Quartz’s Joseph Zeballos-Roig has more on the FOMC meeting with a target on its back.
              </a>
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                   The future of tech, decoded.
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                 <div style="line-height: 1.5">
                  <a data-linktext="Semafor Technology" data-linktype="Normal" style="color:#105C8E;text-decoration:none;" target="_blank">
                   Semafor Technology
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                  unpacks the ideas, innovations, and power shifts redefining the global tech landscape. From AI and machine learning to the startups and policies shaping the industry, each briefing delivers clarity and depth on the tech transforming our world
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                   <a data-linktext="Subscribe for free." data-linktype="Normal" style="color:#105C8E;text-decoration:none;" target="_blank">
                    Subscribe for free.
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               TILL DEBT DO US PART
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              <span style="font-size: 16px">
               Planning a wedding remains one of the fastest ways to turn affection into accounting. Everyone starts with champagne dreams; everyone eventually meets per-person pricing. By the time the dust settles, love is still
on the agenda — the extras, less so.
              </span>
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              <br/>
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              <span style="font-size: 16px">
               In 2026, somewhere between the first Pinterest board and the first group text, a wedding has become a management problem.
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              <br/>
             </div>
             <div>
              <span style="font-size: 16px">
               The Knot says the average U.S. wedding party has shrunk 20% since 2019, slipping from 10 people to eight, even as the average wedding cost $33,000 in 2025. Couples are still doing the thing; they’re just doing it with fewer matching outfits and fewer invoices that 
feel like managing obligation friendships.
              </span>
             </div>
             <div>
              <br/>
             </div>
             <div>
              <span style="font-size: 16px">
               Vendors are bracing for a down year. One wedding-services owner reported her business ran 20% lower last year, and bookings for this year look weak, with millennial and Gen Z clients describing fewer friends getting married amid economic strain, political stress, and plain old gloom.
              </span>
             </div>
             <div>
              <br/>
             </div>
             <div>
              <span style="font-size: 16px">
               The mood has moved from “go big” to “keep it small.” A wedding used to be a party you threw for 
your future. Now, it’s a negotiation with your present.
              </span>
             </div>
             <div>
              <br/>
             </div>
             <div>
              <span style="font-size: 16px">
               Cuts tend to start where they cascade; guest count drives venue choices, catering totals, rentals, cake size, and staffing. Pros described huge plans that shrink fast once Excel spreadsheets start spiraling — sometimes down to immediate family only, sometimes to nobody at all.
              </span>
             </div>
             <div>
              <br/>
             </div>
             <div>
              <span style="font-size: 16px">
               So the spending that survives tends to come with meaning attached.
              </span>
             </div>
             <div>
              <span style="font-size: 16px">
               Couples are gravitating toward cabins, backyards, and national parks, leaning into places that feel personal rather than purely expensive, and Friday weddings are picking up because lower costs can buy a looser weekend.
              </span>
             </div>
             <div>
              <br/>
             </div>
             <div>
              <span style="font-size: 16px">
               Even the advice reads like a reality check: Set the budget around the big-ticket items, ease off the one-day-only flourishes, and resist paying premium prices for details that vanish the second the photos end. This year, the romance is still 
intact, but the logistics are under review.
              </span>
             </div>
             <div>
              <br/>
             </div>
             <div>
              <span style="font-size: 16px">
               The weddings that survive this moment tend to share one trait: They slow down. Fewer guests. Fewer transitions. Fewer transactions. More space to actually be present. The wedding is still the wedding. The budget is getting rewritten.
              </span>
              <a data-linktext="Quartz’s Brian O’Connell has more on love with fewer line items." data-linktype="Normal" style="color:#168DD9;font-size:16px;text-decoration:none;" target="_blank">
               Quartz’s Brian O’Connell has more on love with fewer line items.
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