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Macy’s Plans to Slash 2,350 Jobs and Close 5 Stores
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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
By Anne Steele -
Sam Altman and Satya Nadella talk to The Economist
The bosses of OpenAI and Microsoft on the future of AI and superhuman intelligence
Latest Business
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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Amazon to lay off hundreds from Twitch and Prime Video
Internal note says company has ‘identified opportunities to reduce or discontinue investments in certain areas’ amid wave of layoffs
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OpenAI Responds to New York Times Lawsuit, Claims Paper “Intentionally Manipulated” Prompts
The statement was issued in response to a copyright infringement lawsuit from the publisher.
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Starbucks will accept reusable cups for drive-thru and mobile orders
Customers who bring a clean, personal cup get a 10-cent discount on their beverage and U.S. Starbucks Rewards members get 25 bonus stars.
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X now worth 71% less than when Musk bought it, Fidelity estimates
Musk bought the social media giant formerly known as Twitter for $44 billion.
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China’s BYD is selling more electric cars than Tesla
China’s leading role in the global industry is also thanks to its market scale, cheap labor and supply chain dominance, according to analysts.
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AI is the big tech story, luxury is losing some of its sparkle and more private equity firms may head for the public markets
AI is the big tech story, luxury is losing some of its sparkle and more private equity firms may head for the public markets
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