Kevin Warsh, President Donald Trump’s pick to lead the Federal Reserve, arrives for his nomination hearing before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill in Washington, April 21, 2026. The Senate on Wednesday, May 13, confirmed Warsh to become the next chair of the Federal Reserve, marking the start of a new era for an institution that President Trump has repeatedly attacked for not lowering interest rates as aggressively as he would like. (Ken

The S&P ​500 and the Nasdaq gained ground on Wednesday with a boost from artificial intelligence-related tech shares, which helped markets look past hotter-than-expected inflation data and the ‌growing probability that the Federal Reserve will hold to its restrictive monetary policy for the foreseeable future. The S&P 500 and the Nasdaq reversed earlier declines to notch fresh record closing highs, as chip stocks (.SOX), rebounded from Tuesday’s decline. Six of the Magnificen

Treasury Secretary Scott Bessent appears before the Senate Appropriations Committee in Washington on April 22, 2026. As the U.S. government has been devising plans to keep the dollar dominant, China has been making its own moves to increase global influence of the renminbi. (Kenny Holston/The New York Times) By ALAN RAPPEPORT The summit between President Donald Trump and China’s top leader, Xi Jinping, in Beijing this week is likely to include tense discussions about tariffs,

The S&P 500 and the ⁠Nasdaq ⁠eased from record highs on Tuesday as hotter-than-expected inflation ⁠data and an increasingly tenuous U.S.-Iran ceasefire prompted investors to take money off the table near the end of ​a robust first-quarter earnings season. Weakness in tech shares dragged the Nasdaq down the most, while healthcare stocks, buoyed by a jump in Humana, helped limit the Dow’s losses. Despite the selloff, ‌the S&P 500 and the Nasdaq remain close ‌to all-time highs.

A traveler in the JetBlue terminal at Kennedy International Airport in New York on April 17, 2023. Mere hours after Spirit Airlines shut down in May 2026, JetBlue Airways announced more than two dozen new flights out of Spirit’s home airport of Fort Lauderdale-Hollywood International Airport, near Miami. (Tony Cenicola/The New York Times) By NIRAJ CHOKSHI Mere hours after Spirit Airlines shut down this month, JetBlue Airways announced more than two dozen new flights out of Sp

The S&P 500 ⁠closed ⁠slightly higher on Monday, with AI optimism ⁠fueling upward momentum even as the earnings-driven fervor of the recent rally eased in the home ​stretch of reporting season and as crude prices rose, stoking inflation worries as U.S.-Iran peace negotiations stalled. Semiconductors handily outshone other sectors as artificial intelligence-related momentum ‌continued unabated, with chipmakers outperforming the broader ‌market. “The semis and AI infrastructure

Global stocks ⁠roared throughout ⁠most of the week, with many benchmark indices reaching record highs before pulling back slightly ⁠on Thursday. While the stop-and-start prospects for a U.S.-Iran peace deal created some volatility, the main focus for markets remained the ongoing AI chip boom, which shows no signs of slowing. Things got off to a dramatic start ​early in the week as U.S. President Donald Trump’s “Project Freedom” plan briefly came into effect with the stated ai

By ERIN GRIFFITH The artificial intelligence boom has one big thing holding it back: energy. AI companies rely on power-hungry data centers to train their models, and they need gigawatts of power to keep them humming. With only so much energy to go around and only so much funding to build new infrastructure, it’s fiercely competitive out there. The biggest AI companies, including Google, Meta, OpenAI and Anthropic, are locked in a white-knuckled race to secure the most money

Mark Lazarus, now the chief executive of Versant, at 30 Rockefeller Center in New York, Jan. 8, 2024. Lazarus worked for two decades at the company Ted Turner founded, including as the president of Turner Sports. (Amir Hamja/The New York Times) By BENJAMIN MULLIN Ted Turner, the cable pioneer who created CNN, TNT and Turner Classic Movies, died Wednesday at 87. His death was met with appreciations from leaders in news and entertainment, who remembered the transformative effec

The S&P 500 ended ⁠lower ⁠on Thursday, with Intel and other chip ⁠stocks retreating after a recent rally, while uncertainty around U.S.-Iran peace talks weighed on ​the wider market. U.S.-listed shares of Arm Holdings tumbled as worries about the company’s ability to secure sufficient supplies for its new AI chip ‌overshadowed a strong earnings forecast. Intel and Advanced ‌Micro Devices declined, giving back some of their gains from earlier this week. The PHLX chip index dro