Advanced Micro Devices said Meta will buy billions of dollars worth of its chips to develop A.I. technologies and power new data centers, and that the social media company can take a financial stake of up to 10 percent as part of a multiyear agreement. AMD has used similar

Apple is expanding US manufacturing by producing some Mac Mini computers in Houston, with production starting later this year. Mac Mini units will be made at a new factory on Apple's existing Houston site to help fulfill US orders. The company will also expand advanced AI server manufacturing

Major U.S. airlines said they would add flights at airports that serve Boston, New York and Philadelphia after a powerful winter storm caused thousands of cancellations. More than 2,000 flights to and from United States airports had been canceled as of early Tuesday, down from over 5,700

The I.R.S. is using real-world profit data to challenge how big companies value offshore intellectual property, and it has applied that approach in a multibillion-dollar dispute with Meta. Auditors say Meta failed to report roughly $54 billion in income and now owes nearly $16 billion in back taxes

Software stocks slid sharply this month as investors weighed the disruptive potential of artificial intelligence. The iShares Expanded Tech-Software Sector ETF (IGV) fell about 15% in February, testing its April 2025 lows and sitting roughly 35% below its peak — on pace for its worst monthly performance since 2008. The downturn

Recent AI advances have rattled markets and hit software companies particularly hard, prompting sharp share-price drops for public firms and delays to planned IPOs for private ones. That rout has raised worries that some software companies may struggle to service their debts. Shares of Blue Owl Capital have fallen sharply

Jim Breuer said he and his wife were downgraded from first class to economy moments before boarding their return flight from Honolulu to Florida. They had splurged on first-class tickets to visit their daughter during her internship, and the outbound flight went off without a hitch; the return, he said,

Izzy Englander's Millennium has $86.3 billion and not nearly enough people to invest it. The firm tried flexibility—letting portfolio managers live in places such as Puerto Rico and Dubai, allowing some to spin out their own shops, paying top earners to switch firms, and expanding into

The average rate on the 30-year fixed mortgage fell to 5.99%, tying the lowest level since 2022 and down sharply from 6.89% a year ago. In late 2023, rates had surged to around 8%. The decline followed a stock-market sell-off that pushed investors into bonds, pulling down Treasury

New Blood Interactive co-founder Dave Oshry says Steam is far and away the most financially viable platform for the publisher's games. He called porting to consoles "a pain in the ass" that yields "so much less" in sales than Steam. Oshry told RPG Site

ELF Beauty CEO Tarang Amin says he goes on TikTok Live to ask customers what they want from the brand. He told host Bob Safian that the company used to launch many products and hope they'd sell, but now it goes straight to its community for guidance. His

Susan Rice criticized President Donald Trump during an appearance on the podcast "Stay Tuned with Preet Bharara," and Mr. Trump responded by demanding that Netflix remove her from its board "or pay the consequences." The exchange comes as Netflix pursues an $82.7 billion bid for

Richard Baker, who combined Saks Fifth Avenue and Neiman Marcus into Saks Global about 13 months ago, has defended his role after the group's bankruptcy. Sitting in a borrowed Manhattan conference room across from his former company, he said, 'as an entrepreneur, we actually did a very

The Supreme Court ruled on February 20 that tariffs imposed under the International Emergency Economic Powers Act are illegal. Customs and Border Protection had collected more than $129 billion in IEEPA tariff revenue as of December 10, and the court did not order refunds; several major firms have since sued

FedEx filed a lawsuit on Monday in the U.S. Court of International Trade asking Customs and Border Protection to repay tariffs the Supreme Court ruled unlawful last week. The company did not specify an amount and is expected to be one of many seeking compensation. Analysts say the emergency

European Union officials paused work on implementing their trade deal with the United States as they seek clarity after a pivotal Supreme Court ruling that struck down Mr. Trump’s sweeping tariffs, which had been used to reset trading relationships with the bloc. Mr. Trump moved quickly to replace those

It can feel odd that many homegrown apples cost more at the supermarket than imported bananas. Supermarkets now set margins across a mix of products rather than on each item, says Ali Capper, executive chair of British Apples & Pears, and that helps explain why shelf prices can become detached

Lamborghini shelved plans for the Lanzador late last year after consumer interest in high-priced EVs flattened to "close to zero," CEO Stephan Winkelmann said. He added that an EV's silent powertrain lacked the 'emotional connection' owners expect and that engine noise is often a

IBM shares fell 13% on Monday after Anthropic unveiled a new AI tool aimed at helping companies modernize COBOL systems used by many businesses. Anthropic highlighted the prevalence of the language, writing, "COBOL is everywhere. It handles an estimated 95% of ATM transactions in the US." "Hundreds

222, a startup that pairs strangers for in‑real‑life experiences, has raised more funding to build out its AI-driven relationship tools. After raising another $10.1 million in 2025 — bringing the startup's total to $13.7 million — it is doubling down on hiring and expanding its product.

Paramount Skydance, led by David Ellison, is pursuing Warner Bros. Discovery but retains some breathing room despite a looming deadline. Direct talks between Paramount and WBD have resumed for the first time in months after Netflix granted WBD a weeklong waiver on negotiation exclusivity. The waiver, which Netflix said aimed

ProShares’ record-breaking debut of its money market ETF last week underscored demand for cash-management products as the asset class increasingly is tokenized. The actively managed ProShares Genius Money Market ETF (IQMM), which primarily holds short-duration government securities, generated $17 billion in first-day trading volume on Thursday — an unprecedented figure for

DoorDash extended its pause on operations in New York City until 2 pm Eastern time on Monday as the city digs out from a major snowstorm. The company had previously said the pause would last until noon. New York City recorded 15 inches of snow after the blizzard, which also

The Supreme Court’s decision to overturn many of President Trump’s tariffs has injected fresh uncertainty into global trade, even as the administration insists its trade strategy will continue. Several C.E.O.s say many levies are likely to remain in place through other legal avenues, but the

A Federal Reserve governor said the Supreme Court’s decision striking down President Trump’s broad tariffs was unlikely to alter his view on interest-rate policy, and that he would support pausing cuts in March if the labor market continued to stabilize. Mr. Waller, speaking at an event hosted by