Stocks Sink on Anxiety About Tech and A.I. Spending
A sell-off in Asia led by chipmakers spilled into Europe and U.S. markets on Friday.
Big Tech Firms Like Oracle Turn to Bonds to Finance A.I. Data Centers
Risk is rising as big tech companies like Oracle — the ultimate financial source of the Ellison media empire — need to turn to the bond market for staggering sums to finance data centers.
States Rush to Fill Graduate Loan Gap Opened by G.O.P. Budget Bill
Minnesota and Connecticut are two of the states expanding their loan options. “We see it as a substitute program,” one official said.
Xi Jinping of China Pitches ‘Openness’ in Push to Shape the Path of A.I.
Xi Jinping said that the development of artificial intelligence systems should be a “symphony of global collaboration.”
Poolhouse, a Tech-Infused Pool Hall Start-up, Raises $55 Million
Poolhouse, which was created by the founders of Topgolf and uses technology to track players’ scores, aims to sell its platform to others.
Beijing Rejects Trump’s Claim of Meddling, but Avoids a Fight
Chinese officials called the election-meddling accusation baseless, while analysts said Beijing was trying to preserve a fragile détente.
Shipping in the Persian Gulf Nears a Halt and Oil Prices Rise
Shipping traffic was at its lowest level in more than a month and oil prices moved higher as the Iran war continued to disrupt the supply of energy.
How Companies Have Abandoned Their Climate Goals and Let Themselves Off the Hook
Big business made big promises about saving the planet. Following through hasn’t been easy.
Cooler Inflation May Not Be Enough to Stave Off Fed Rate Increases
The Federal Reserve is expected to hold rates steady at its July meeting, but officials have not written off the possibility of a move soon after.
When a World Cup Team Needs a Trim, the Barbershop Comes to Them
Maram Hammadi, who grew up playing on dirt fields in Iraq before opening a barbershop outside Seattle, heard Egypt needed a barber. He cleared his books.
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