Satya Nadella reinvented Microsoft once. Can he do it again in the AI era?
After succeeding Steve Ballmer in 2014, Satya Nadella turned Microsoft into a cloud giant. Now he's tasked with making the company a force in AI.
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Business
Why airfares could rise even more, but airline profits won't
Airlines are trimming capacity as jet fuel prices keep climbing and travelers keep booking.
Three tax votes in November that will affect high earners
Voters will decide whether to raise or lower taxes on the wealthy in multiple states next month, with California leading the way with a potential wealth tax.
Saudi Aramco chief says replenishing global oil stockpiles could take two years
Saudi Aramco's CEO warned it could take up to two years to rebuild global oil inventories, saying the squeeze could worsen as the U.S.-Iran war continues.
Cerebras stock pops 9% after Sam Altman calls the chipmaker a 'close partner'
Cerebras stock climbed in premarket trading after OpenAI's CEO Sam Altman reassured investors that the firm is a "close partner."
China shuts hundreds of banks as Beijing moves to shore up its financial system
Beijing shuttered 670 mainly rural banks last year in a bid to create fewer, larger and better-capitalized lenders.
Cut spending to curb runaway borrowing costs, Goldman's Gutman tells governments
Goldman Sachs' Anthony Gutman said lower fiscal deficits are needed tackle surging bond yields.
Average five-year mortgage rate hits 6% for first time in three years
The cost of a new fixed-rate mortgage has been rising in recent weeks as lenders face higher costs.
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Gulf Hotel Deals Stall as U.S.-Iran War Scrambles Valuations
There's no evidence of distressed sales in the Gulf hotel market. But the war clearly changed the math buyers need to close deals.
10-year Treasury yield rises to fresh 2002 high to start the week
U.S. Treasury yields are bouncing after a sharp decline. Investors are looking ahead now to the release of the minutes of the Federal Reserve's last meeting.
Russia ramps up attacks on Kyiv infrastructure as U.S. makes fresh push for peace talks
Russia has pledged to intensify strikes on Kyiv and other Ukrainian cities after a drone attack damaged the capital’s key Northern Bridge over the weekend.
Euro hits 17-month low as political uncertainty in Spain and France rattles markets
Political and fiscal concerns are mounting in two of the euro area's biggest economies.
Trump's nemesis in Europe: Why Spain's Sanchez is calling a snap election
Pedro Sánchez has been Europe's voice of dissent on U.S. foreign policy. Back home, the plight of an 87-year-old woman has ignited public anger.
BT agrees rescue deal to buy broadband operator TalkTalk
The takeover still needs to be approved by the regulator, but would give certainty to TalkTalk's millions of customers
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The 2029 tipping point: Western populations are about to start shrinking, piling pressure on public finances
Moody's predicts that the world's aging populations will have fundamental impacts on the global economy and lead to difficult policy decisions.
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Russia hospitalizes almost 200 people after researcher's death from plague: Reports
Nearly 200 people are under medical observation in Russia’s Irkutsk region over suspected exposure to plague, according to local media reports.
‘Unwelcome and unsafe’: Why Japanese companies are retreating from China at a historic rate
Japanese companies are leaving China at record pace, as a diplomatic freeze and a slowing economy force businesses to reassess their presence.
Surging Treasury yields don’t signal a U.S. 'fiscal apocalypse' — yet
Treasury yields above 5% are raising fears that higher borrowing costs could fuel a debt spiral.
How India became dangerously addicted to Chinese imports
India’s toy shops provide an unlikely barometer by which to measure its economic relationship with China.