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Bernard Arnault Overtakes Elon Musk As Richest Person In The World
French billionaire Bernard Arnault—owner of luxury brands like Louis Vuitton and Sephora—is now the richest man in the world.
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Microsoft Hits $3 Trillion, Cementing Strength of AI Rally
The threshold cements Microsoft’s status as one of the largest public stocks.
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Ebay to Lay Off 9% of Full-Time Workforce
Online marketplace to lay off about 1,000 full-time employees
By Editors Desk
Latest Business
Netflix password crackdown fuels sign-up surge
Netflix sign-ups boomed at the end of last year as customers prodded by the firm's crackdown on password-sharing created their own accounts.
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Boeing Faces More Pressure as United CEO Vents Frustrations
Scott Kirby has vented his frustrations over quality lapses
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Sony Calls Off $10 Billion Merger With Indian TV Giant Zee Entertainment Enterprises
Following the deal cancelation news, Zee shares sank by a further 6% in early Monday trading on the Bombay Stock Exchange and the NSE, featuring around INR231 apiece.
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Macy’s Plans to Slash 2,350 Jobs and Close 5 Stores
Macy’s executive compensation included salary, equity, and other benefits which reportedly totaled above 12 million for Gennette in 2021.
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Wayfair lays off 13% of its workforce weeks after telling employees to work harder
Wayfair announced Friday it's laying off 1,650 employees.
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Spotify Dominates Audio Streaming, but Where Are the Profits?
The company has expanded beyond music to stay ahead but has struggled to make money
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Sam Altman and Satya Nadella talk to The Economist
The bosses of OpenAI and Microsoft on the future of AI and superhuman intelligence
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Sam Altman, Bill Gates Weigh AI Risks in Big Election Year
AI and democracy are the talk of Davos.
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Electric Car Owners Confront a Harsh Foe: Cold Weather
In freezing temperatures, the batteries of electric vehicles can be less efficient and have shorter range, a lesson many Tesla drivers in Chicago learned this week.
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US judge blocks JetBlue from $3.8bn Spirit Airlines takeover
Ruling marks victory for Biden government and its effort to preserve lower cost airline tickets for American consumers
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How Adebayo Ogunlesi’s contrarian bet led to $12.5bn BlackRock tie-up
Global Infrastructure Partners co-founder steps into the limelight with ‘transformational’ deal
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Microsoft's market cap hit $2.89 trillion as it overtook Apple as the world's most valuable public company
Microsoft's market cap hit $2.89 trillion on Friday as it knocked Apple off the top spot.
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The Billionaires Spending a Fortune to Lure Scientists Away From Universities
Arena BioWorks is promising big paydays to nearly 100 researchers from Harvard, M.I.T. and other prestigious institutions.
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BlackRock to buy Global Infrastructure Partners for $12.5bn
Deal would create world’s second-biggest infrastructure firm and shake up private market investing
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Microsoft neck and neck with Apple in fight to be world’s most valuable company
Artificial intelligence boom propels software giant to $2.9tn market value
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