I called Steve Hanke on the afternoon of July 14, days after he’d flagged something he called a dual bubble forming in AI markets, and one day after IBM suffered the worst single-day stock crash in its 115-year history. The…
IBM shares tumbled Tuesday as CEO Arvind Krishna acknowledged in an unusual letter to investors that the company had failed to adapt quickly enough, a blunt admission that followed a surprise earnings miss and sent the stock toward its worst…
The inspiration for Klook, one of Asia’s largest travel platforms, came after Ethan Lin took a trip to Nepal with his friend Eric Gnock Fah. The two were both analysts in Hong Kong’s investment scene: Fah covered consumer retail, while…
The U.S. Mint is now producing a $1 coin featuring President Donald Trump’s face, tied to celebrations of America’s 250th birthday this year, the Treasury Department said Wednesday. The coin’s final design was approved earlier this year by the U.S.…
The Trump administration’s latest nominee to lead the nation’s top public health agency drew frustrated reactions from some U.S. senators on Wednesday when they pressed her on whether she would protect the Centers for Disease Control and Prevention from political…
Fortune magazine was founded by Henry Luce, one of the most famous Republicans of the 20th century, and yet has a long history of employing left-wing writers. Without getting into my personal politics, I’ve debated with friends the difference between…
For the first time since at least 1974, new homes are selling for less than existing ones, and the culprit is a mix of builders getting generous and sellers refusing to budge. In the first quarter of 2026, the median…
The U.S. reimposed a naval blockade on Iran and intensified its airstrike campaign Wednesday in retaliation for Tehran’s attacks on ships trying to pass through the Strait of Hormuz. The American strikes hit an Iranian army barracks, killed at least seven troops…
Bending Spoons received 800,000 job applications last year, and only hired 286 of the candidates. And the $21 billion company—which owns digital businesses including Eventbrite, Vimeo, and AOL—says competition has only been ramping up in recent years. Tens of thousands…
Fresh off its first-class flight from Glasgow, it received a reception befitting a visiting dignitary: a bagpiper in full regalia playing inside Boston Logan International Airport. Waiting to greet it were diplomats, the governor and Boston’s mayor. The guest of…