Those floating Xanadus cost millions of dollars a year to maintain. Some of that money is coming from US and European taxpayers.
November 11, 2022 Issue
After leaving EA a mess, Unity CEO John Riccitiello turned mobile games into a lucrative advertising wasteland. Now he’s betting his company’s future on commercializing virtual worlds.
To unlock a clean-energy future, investors and businesses need the facts at their fingertips.
Midterms Special Report
The likely speaker of the House will have to contend with an emboldened Trumpist flank and little leeway to limit or censure it.
A game of chicken over the cap could worsen a future downturn.
Exit polls say concern for reproductive freedom was nearly tied with inflation in driving turnout.
Even with a potential Blake Masters loss, the venture capitalist has a stable of senators and plenty of money to continue reshaping the Republican party.
New laws are unlikely no matter which party controls Congress, but Republican probes could be a headache for Zuckerberg and his peers.
A costly pre-pandemic expansion helped land Cineworld in bankruptcy. Now streaming and a dearth of blockbusters may seal its fate.
The recent season of strikes at TotalEnergies, Stellantis, SAS and Airbus shows workers are determined to boost pay in 2023 to offset eroding purchasing power.
Cheating allegations illustrate how technology is complicating ideas about human mastery.
The company sees buying Figma as a way to overhaul its business, but critics see echoes of Facebook’s alleged practice of buying up its competition. Regulators could still block it.
Cutting spending could make it harder to raise the revenue needed to cover $1.2 billion in annual interest payments.
First Boston invented modern M&A and minted leaders like Larry Fink and Joe Perella. But what will it be once it’s separated from Credit Suisse?
The CEO thinks virtual reality is the future. But does that project need to be inside the same company as Facebook?
Li Qiang will be tested by lockdowns, housing, headwinds to growth.
To replace Russian gas, Europe is buying up fuel that used to go to developing countries.
The neighborhood watering hole in Portland, Oregon, is a temple of female athletic achievement.
The payment service says it doesn’t have to disclose transactions to the IRS, but its users are still subject to the rules.
Teqball, growing in popularity in the US, is making a play for the Olympics.