Tag: business news

How the AI debt binge shattered hyperscalers’ ‘unspoken contract’ with investors

[ad_1] Hyperscalers are significantly ramping up their AI capex spending — and increasingly using credit markets to fund it. But investors say this shift is challenging mega-cap tech giants’ so-called ‘fortress balance sheet’ status, and rips up what they call the “unspoken contract” that kept speculative AI spending largely separate from debt markets. After Amazon, […]

DHS abruptly reverses suspension of TSA PreCheck

[ad_1] Passengers walk through the entrance of a TSA PreCheck in Terminal One at O’Hare International Airport Wednesday, Feb. 1, 2017, in Chicago. (Armando L. Sanchez/Chicago Tribune/Tribune News Service via Getty Images) Armando L. Sanchez | Chicago Tribune | Getty Images The Transportation Security Administration said on Sunday that its PreCheck airport screening lanes are […]

Trump demands Netflix fire Susan Rice as DOJ probes Warner deal

[ad_1] A drone view shows the Netflix logo on one of the company’s buildings in the Hollywood neighborhood in Los Angeles, California, U.S., Jan. 20, 2026. Daniel Cole | Reuters President Donald Trump late Saturday called on Netflix to fire board member Susan Rice or “pay the consequences,” after she said Democrats would push for […]

Airlines start canceling flights ahead of another monster winter storm on the East Coast

[ad_1] Travelers look at a flight status board as flights are delayed and cancelled following a significant winter storm at Ronald Reagan Washington National Airport in Arlington, Virginia, January 26, 2026. Saul Loeb | Afp | Getty Images U.S. airlines began canceling Sunday flights and waiving cancellation and change fees for airports from Virginia to […]

Trump to hike global tariffs to 15% from 10%, ‘effective immediately’

[ad_1] U.S. President Donald Trump speaks during a press briefing held at the White House February 20, 2026 in Washington, DC. Kevin Dietsch | Getty Images News | Getty Images President Donald Trump on Saturday said he would increase global tariffs to 15% from 10%, one day after the Supreme Court struck down his “reciprocal” […]

Microsoft Xbox chief Phil Spencer retires, replaced by AI executive Asha Sharma

[ad_1] Microsoft’s head of gaming, Phil Spencer, is leaving the software maker following a 38-year tenure, as the company’s Xbox business faces increased challenges. “Last year, Phil Spencer made the decision to retire from the company, and since then we’ve been talking about succession planning,” Microsoft CEO Satya Nadella wrote in a memo to employees […]

Supreme Court strikes down Trump tariffs, rebuking president’s signature economic policy

[ad_1] The Supreme Court on Friday struck down a huge chunk of President Donald Trump’s far-reaching tariff agenda, delivering a major rebuke of the president’s key economic policy. The law that undergirds those import duties “does not authorize the President to impose tariffs,” the majority ruled 6-3 in the long-awaited decision. The ruling is a […]

Tax season presents a boom-or-bust test for U.S. auto sales

[ad_1] Customers at a Ford dealership in Richmond, California, April 16, 2025. David Paul Morris | Bloomberg | Getty Images DETROIT — The strength of the U.S. automotive industry will face an early test this spring that has nothing to do with cars or trucks. With tax season starting, industry experts are projecting that some […]