Emil Michael, nominee for Under Secretary of Defense for Research and Engineering, during a Senate Committee on Armed Services hearing in Washington, March 27, 2025. Michael had been negotiating the $200 million AI contract with Anthropic for weeks. (Eric Lee/The New York Times) By SHEERA FRENKEL, CADE METZ and JULIAN E. BARNES Minutes before a 5:01 p.m. deadline Friday, Emil Michael, the Defense Department’s chief technology officer, was fuming. For weeks, Michael, a former

An escalating conflict in the Middle East rattled global markets on ⁠Monday, ⁠as the prospect of a long-drawn fight drove energy ⁠prices higher and hammered travel stocks and regional assets. Israel attacked Lebanon in response to strikes by Hezbollah, while Tehran fired ​missiles and drones at Israel, Gulf states and a British air base in far-away Cyprus. U.S. President Donald Trump said the military campaign against Iran could continue for the next four weeks, according ‌to

Ted Sarandos, the co-chief executive of Netflix, in Oceanport, N.J., Jan. 12, 2026. Employees at Warner Bros. had started to warm to the idea of Netflix as its corporate owner. Now they face the prospect of major cuts under Paramount. (Bryan Anselm/The New York Times) By BROOKS BARNES and JOHN KOBLIN It was a Hollywood battle royal, one filled with feints, bruised egos, strategic leaks, boardroom intrigue and old guard vs. new guard tension. And when a winner finally emerged

Global equity fund inflows eased ⁠to ⁠a five-week low in the ⁠seven days to February 25 as investors turned cautious amid ​growing unease over the heavy costs and potential disruption linked to artificial intelligence. Investors bought a ‌net $19.75 billion worth of global ‌equity funds, marking the smallest weekly inflow since $9.55 billion in the week to ⁠Jan. 21, ⁠LSEG Lipper data showed. Nvidia shares dropped 5.46% on Thursday, while the ​Nasdaq Composite Index shed 1.2%

A view of a Microsoft data center under construction in Goodyear, Ariz., Jan. 14, 2026. In a nod to voter frustration over rising electricity prices, President Donald Trump said in his State of the Union address that he was negotiating pledges from major tech companies to pay a greater share of the energy costs associated with new data centers. (Rebecca Noble/The New York Times) By BRAD PLUMER In a nod to voter frustration over rising electricity prices, President Donald Trum

U.S. stock indexes ⁠turned ⁠sharply lower on Thursday, the day after ⁠a less-than-stellar earnings report from artificial intelligence vanguard Nvidia dragged technology shares which have provided muscle ​to the recent rally. A pivot back to cyclical sectors helped limit the Dow’s losses, while a 3.6% drop in the Philadelphia SE Semiconductor index ‌helped drag the tech-laden Nasdaq down 1.5%. With ‌Thursday’s drop, the SOX, which has surged 15.3% year-to-date, is on the verg

Tuesday saw ⁠software ⁠stocks stage something of a rally, weirdly driven by the thing ⁠that’s beaten them down for the past month: a sweep of new plug-ins from AI lab Anthropic. This time around, the market focused more on ​the partnerships between some of these companies and Anthropic, rather than the existential threat AI could pose. I’ll get into that and more below. But first, check out my latest column on why AI isn’t the only thing driving the ‌global economy. And liste

Mike Taubman, left, and Scott Kern at North Star Academy Washington Park High School in Newark, N.J., on Feb. 3, 2026. The two created, and co-teach, the school’s new artificial intelligence literacy class. (Juan Arredondo/The New York Times) By NATASHA SINGER The first session of a new artificial intelligence class this month for high school seniors in Newark, New Jersey, involved purely human intelligence. The students’ assignment: to compare when they had passively scrolle

The S&P 500 stock index will gain about 10% between ⁠now ⁠and the end of the year, driven by ⁠strong earnings and steady economic growth despite ongoing worries about U.S. President Donald Trump’s trade policies and disruption ​from artificial intelligence, according to a Reuters poll. By the end of 2026, the S&P 500 will be around 7,500, or 9.7% above Monday’s close, according to the median ‌estimate of 44 strategists, analysts and portfolio managers ‌polled in the past week

Victorinox Swiss Army knives are assembled at a factory in Ibach, Switzerland, Sept. 10, 2025. Even after the U.S. Supreme Court’s invalidation of many of President Donald Trump’s levies, foreign leaders and executives are assuming that U.S. tariffs are here to stay, in one form or another. (Lea Meienberg/The New York Times) By PATRICIA COHEN The watershed U.S. Supreme Court ruling Friday that struck down President Donald Trump’s go-to method of imposing tariffs upended a cor