President Joe Biden’s national security advisor, Jake Sullivan, said he would travel to Saudi Arabia this weekend, in a new sign of the administration’s determination to smooth over rocky ties with the kingdom.
Apple Inc. chief Tim Cook singled out India on Thursday as pivotal for the iPhone maker, underscoring how the world’s most populous country is on the cusp of becoming both a major market and production base.
Microsoft Corp. is working with Advanced Micro Devices Inc. on the chipmaker’s expansion into artificial intelligence processors, according to people with knowledge of the situation, part of a multipronged strategy to secure more of the highly coveted components.
Peloton Interactive Inc. said it identified a flaw related to the seat on its entry-level bike — a problem that affected a small fraction of customers — and is working on a solution with US regulators.
Alibaba Group Holding Ltd.’s international online shopping unit is exploring a US initial public offering as it weighs options to spur growth for the business that includes major e-commerce brands Lazada and AliExpress.
Chipotle Mexican Grill Inc. Chief Executive Officer Brian Niccol said California’s business environment is slowing the company’s ambitions for growth in the state.
Coinbase Global Inc. posted a narrower loss and a smaller-than-estimated revenue decline, as the biggest US digital-asset trading platform saw first-quarter results stabilize somewhat during a rebound in cryptocurrency prices.
Bharat Masrani waited more than seven years to make a splash with a big US regional bank acquisition for Toronto-Dominion Bank. In a matter of months, it fell apart.
Emergency borrowing from the Federal Reserve plunged last week, mostly reflecting the seizure of First Republic Bank, which accounted for a large share of outstanding loans.
Apple Inc. Chief Executive Officer Tim Cook expressed cautious optimism about the flood of new artificial intelligence services, saying that while the technology has huge potential, there also are “a number of issues that need to be sorted.”
