Good morning. Phil Wahba writing from New York this morning. As consumer and retail CEOs see the holiday season inching closer, they’re trying to figure out whether U.S. customers will keep up their healthy pace of shopping—even in the face of all political and economic tumult—or finally pull back. There’s one thing chief executives agree
Good morning. Today is the 25th anniversary of the Sept. 11 terrorist attacks. This is a different country because of those attacks, and I often think about how people from all over the world rallied to help America in its time of grief. I’ve also been thinking about how different leaders faced that crisis. Jeff
Good morning. Last week’s World Humanoid Robot Games in Beijing showcased more than 2,000 robots, one of which beat Usain Bolt’s world record in the 100-meter sprint. Another was able to surpass humans in a 2.88-meter standing high jump. But humanoids that can run and jump aren’t particularly useful to GXO Logistics CEO Patrick Kelleher.
Good morning. Meta just settled a landmark child-safety case with a fine of up to $18 billion paid over the next decade, with annual payments equal to less than 1% of its 2025 revenue. Financially, that’s a victory for the parent of Facebook and Instagram, which said the 29-state lawsuit could have wiped out its
Good morning from Japan, where my son and I have been traveling the past two weeks. We landed in Tokyo amid 102.4-degree heat (39.1°C), which almost made it kokushobi or a “cruelly hot day”—a designation introduced in April to warn the public when temperatures rise above 40 degrees Celsius. There’s also the torrential rainfall this
Good morning. The company Thomas Edison helped found in 1892 to light up the world is now betting its future on powering the AI age. As GE Vernova CEO Scott Strazik told me recently, “For us, our true north is to electrify the world. And if we electrify the world, we will decarbonize the world.”
