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Air India plane crashes killing all passengers but one

Local officials said there were likely no survivors among the passengers and crew on board the Boeing-made plane.
Firefighters work to put out a fire at the site where an Air India Boeing 787 Dreamliner plane crashed in Ahmedabad, India.Amit Dave/Reuters

‘There is no sustenance mode’: Bipul Sinha on staying ahead of change

The Rubrik CEO and co-founder says executives must always be in “creation mode” to keep up with accelerating change.
Bipul SinhaBrendan McDermid/Reuters

CEO Sebastian Siemiatkowski’s blunt truths about Klarna’s AI-first future

The buy-now-pay-later pioneer says automation may herald a recession, but letting people pay for pizza in installments will not.
Sebastian SiemiatkowskiSupantha Mukherjee/Reuters

Can AI bail the US out of its debt hole?

There are five options to help get the nation out of debt, but AI appears the most likely.
The US Treasury Department.Rob Young/Flickr/CC BY 2.0

Private equity’s roll-up playbook faces $8B test

A sales process has kicked off for a large wealth manager cobbled together by private equity. These types of investments, a hot trend on Wall Street, may be tricky to exit.
Young Asian man managing finance and investment online, analyzing stock market trades with smartphone and laptop.d3sign/Getty

UBS weighs options after Swiss regulator calls for $27B capital raise

Zurich said the bank would need to raise billions in fresh capital to support its US operations.
Colm Kelleher, Chairman of the Board of Directors, attends the Annual General meeting of Swiss bank UBS in Lucerne.Denis Balibouse/Reuters

Apollo, Irth Capital look to take Papa Johns private

Apollo’s private-equity business represents a smaller and smaller part of its overall AUM, but it’s done some restaurant deals in the last few years.

US consumer prices rose less than expected in May

Many economists had expected US President Donald Trump’s tariff hikes to begin affecting prices in May, but the new data suggests otherwise.

Trump says ‘done’ deal with China to lower rare earths export controls

The trade war has already significantly damaged the world economy: The World Bank yesterday predicted the slowest decade for global growth since the 1960s.

World Bank forecasts marginal economic gains for sub-Saharan Africa in 2025

It is the only region other than the Middle East and North Africa that projects such acceleration, though it is lower than the region’s long-term average.

African ratings agency eyes Q3 launch

The initiative is meant to provide an alternative to the so-called Big Three ratings agencies, all of which are based in New York.

Why the Warner Bros. Discovery merger was doomed from the start

Warner Bros. Discovery’s split is the latest proof that conglomerates are out of fashion.

Warner Bros. Discovery to split into two companies amid investor pressure

The media giant has lost nearly half its value since Discovery and Time Warner merged three years ago.

How David Gitlin turned Carrier into one of America’s biggest industrial growth stories

Gitlin’s turnaround of the US air conditioning and refrigeration group has earned him a reputation as one of the country’s most effective industrial executives.

‘Nobody got any joy from our products’: John Hancock’s CEO on nudging behavior

John Hancock nudges its customers to get more exercise, eat healthier food, and go for preventative health screenings. That’s helped its business, too.

Wall Street’s animal spirits start to stir — selectively

The dealmaking revival is real, but not very broad, with companies sticking to terrain they know well.

Stablecoin issuer Circle soars in public market debut

The IPO pop reflects crypto’s newfound importance to the US financial system and investors starved for new issuances during a long listings drought.

Bank of America dropped private-prison clients. Now it’s taking them back.

Six years after backing away from doing business with prisons, gun manufacturers, coal companies, and other companies then out of political favor, banks are edging back in.