Investors got a reprieve on Thursday as the bond market regained its footing following a global sell-off earlier in the week. A rout in global bonds on Tuesday that sent yields spiking was partly reversed on Thursday, with investors cheering as US Treasury yields dropped from multi-year highs. The move appeared to be largely driven
AI is expanding faster than any technology in history, propelled by competing hyperscalers and millions of users. And as a result, the data centers built to enable this growth have drawn scrutiny from communities and across party lines, including concerns over higher electric bills. But there’s also an emerging imbalance: OpenAI, Google and Meta can
This story is based on an interview with Angela Cheng-Cimini, 56, a veteran HR professional who lives near Baltimore. It has been edited for length and clarity. A few years ago, my husband, Michael, and I started losing friends who were around our age. Three, in particular, died of pancreatic cancer, which was very sudden.
The world’s richest have amassed an eye-watering stockpile of $15.1 trillion—and their heirs are set to take over a third of the global billionaire fortune in the coming decade. Women and Gen Xers are set to take home the largest slice of the pie. About 5,000 spouses and adult children will inherit $6.6 trillion of
In my 20s, I fell in love with my partner’s ambition. His dream was to own a restaurant, and I admired his willingness to reject a traditional 9-to-5 to build something of his own. He entered the industry as a teenager, worked his way up to general manager at a local restaurant by his mid-20s,
“Europe has been worrying about slowing growth since the start of this century,” Mario Draghi said in 2024. “Various strategies to raise rates have come and gone, but the trend has remained unchanged.” There is a tendency for gloom to descend when thinking about Europe’s economic and business prospects. In comparison with America, the Gulf
