Wall Street ended sharply lower on Thursday, with the Nasdaq ‌dragged ​to its lowest since November by losses in ‌Microsoft, Amazon and other tech heavyweights after Alphabet said it could double capital spending on AI in the ​race to dominate the emerging technology. Shares of Alphabet fell 0.55% after the Google parent said it plans as much as $185 billion in capex in 2026. Together, it and ‍its Big Tech rivals are expected to collectively ​shell out more than $500 billion

Tables sit empty in a cafeteria at a middle school in Fridley, Minn., Jan. 27, 2026. In Fridley, school officials are driving nervous teachers and buying families groceries as they guard against ICE from dawn to dusk. (Jamie Kelter Davis/The New York Times) By LYDIA DePILLIS For Henry Garnica, a traumatic visit from immigration officials was just the start of the hardest months he’s ever experienced running a business. On Dec. 11, Garnica was at a meeting when he saw on his s

U.S. stocks dropped on Wednesday, with losses in Advanced Micro Devices, Palantir and other technology companies, as investors worried about pricey valuations and whether Wall Street’s AI rally has reached its peak. Alphabet (GOOGL.O), fell 2.3% ahead of its quarterly results after the bell, which will give investors a fresh glimpse of how much the Google-owner’s massive investments in AI are contributing to its top-line sales growth. Advanced Micro Devices (AMD.O), tumbled 1

President Donald Trump shakes hands with Prime Minister Narendra Modi of India at the White House in Washington, Feb. 13, 2025. Trump announced on Monday, Feb. 2, 2026, that the United States had reached a trade arrangement with India to roll back some of the punishing tariffs he had imposed on its products, in return for India’s dropping its tariffs on some American goods and ceasing its purchases of Russian oil. (Eric Lee/The New York Times) By ALEX TRAVELLI The economic wa

Futures tracking the S&P 500 ‌and ​the Nasdaq edged higher on Tuesday, steadying ‌after a precious metals rout in the previous session, as investors geared up for a flood of ​corporate results through the week. Teradyne shares surged 20.8% in premarket trading after the chip-testing equipment maker forecast first-quarter revenue and profit above analysts’ estimates, citing ‍strong demand tied to multibillion-dollar spending by ​big tech on data-center expansion. “It’s been a

President Donald Trump delivers remarks during an “Unleashing American Energy” executive order signing event at the White House in Washington, April 8, 2025. Energy experts said that governors, state lawmakers and utility regulators could do a lot of things that could have a big impact on energy costs in the relative short term. (Eric Lee/The New York Times) By IVAN PENN and REBECCA F. ELLIOTT President Donald Trump and Democratic and Republican governors this month announced

The S&P 500 rallied to ‌record-high ​territory on Monday, lifted by gains in ‌chipmakers and other companies related to artificial intelligence, while smaller companies also rose sharply. The Russell 2000 ​index jumped 1.6%, with the small-cap index significantly outperforming the S&P 500 and Nasdaq so far in 2026. Alphabet and Amazon each rose more than ‍1% ahead of their quarterly reports later ​this week that will give investors an additional glimpse of the race to dominat

Treasury Secretary Scott Bessent during a roundtable in the Cabinet Room of the White House in Washington, Dec. 8, 2025. Bessent led the vetting process for the next Federal Reserve chair. (Tierney L. Cross/The New York Times) By ALAN RAPPEPORT At a rally in Iowa in January, President Donald Trump heaped praise on Treasury Secretary Scott Bessent, declaring that he had “become a real star” who knows his business. That star status could be at stake if Trump ends up being disap