Economy

Microsoft CEO Satya Nadella speaks during an event celebrating the 50th Anniversary of Microsoft in Redmond, Washington, on April 4, 2025. Stephen Brashear | Getty Images News | Getty Images Microsoft said Thursday that it has increased the recommended retail prices of its Xbox video game consoles and some controllers globally due to “market conditions.” […]

Dario Amodei, Anthropic CEO, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025. Gerry Miller | CNBC Anthropic’s Claude can now assign tasks on Asana generate invoices on PayPal, analyze sales on Square and perform other duties across business apps. The integrations announced on Thursday mark the next […]

Signage at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Friday, Aug. 2, 2024. Qilai Shen | Bloomberg | Getty Images Alibaba missed top- and bottom-line expectations for the June quarter of 2024 as it continues to face headwinds in its core e-commerce business amid rising competition and a cautious Chinese consumer. Here’s […]

Dustin Moskovitz, Asana’s co-founder and CEO.AsanaThe typical playbook for a successful tech founder looks something like this.Start a company with full ownership. Sell off significant chunks to venture investors as the business progresses. Eventually become a minority owner. Take the company public. Sell more stock over time.Asana’s Dustin Moskovitz took that playbook and completely rewrote… […]

Costco’s famous $1.50 hot dog and soda combo is more than a great lunch deal.It’s an object of corporate mythology, an inflation-proof icon and, most recently, a TikTok famous T-shirt design.A quick Google search for “Costco hot dog shirt” brings up dozens of results from retailers all over the web with designs featuring the no-frills… […]

In 2016, Mark Lemoine came home from work and told his wife Karla Lemoine he wanted to quit his job and buy a campground.There was a lot on the line: Mark made $200,000 per year working for the Michigan state government, and Karla was a stay-at-home mom. Two of their four children were in college.… […]

Our dependence on smartphones happened swiftly.Smartphone technology was invented in the early 90s, and the first iPhone launched in 2007, the first Android in 2008. By 2010, 35% of Americans owned a smartphone, according to Pew Research. During the next 11 years that percentage would climb to 85%. Saying your smartphone usage is an “addiction” can… […]

Tencent showed off its tech at the 2023 World Artificial Intelligence Conference in Shanghai, July 8, 2023. Nurphoto | Nurphoto | Getty Images Tencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated. Here’s how Tencent did in the June quarter against LSEG consensus estimates: Revenue: 161.12 billion Chinese […]

Shoppers walk along the high street in Rochester, UK, on Tuesday, July 16, 2024. Chris Ratcliffe | Bloomberg | Getty Images U.K. inflation rose to 2.2% in July, coming in slightly below expectations but inching back above the Bank of England’s 2% target, data from the Office for National Statistics showed Wednesday. Economists polled by […]

The Norges Bank, Norway’s central bank, in Oslo, Norway, on Tuesday, Oct. 17, 2023. Bloomberg | Bloomberg | Getty Images Norway’s massive sovereign wealth fund on Wednesday posted first-half profit of 1.48 trillion kroner ($138 billion), primarily driven by robust returns on its investments in technology stocks. The so-called Government Pension Fund Global — the […]