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Saudi Arabia is attempting one of the most ambitious economic transformations in the world, hoping to use tourism to reduce its reliance on oil and reshape its global image. Under Vision 2030, Crown Prince Mohammed bin Salman has backed massive investments in luxury resorts, cultural destinations, airlines, and infrastructure. Tourism Minister Ahmed Al-Khateeb, Red Sea Global CEO John Pagano, and Royal Commission for AlUla CEO Abeer AlAkel explain how projects like the Red Sea resorts and AlUla aim to attract tens of millions of visitors. Steven Cook of the Council on Foreign Relations discusses how foreign capital, global competition, and social change impact the Kingdom's push to become a major leisure destination. (Source: Bloomberg)...

Grand jury subpoenas could backfire on the Fed...

Tesla Inc. is almost finished with the design of the AI5 chip for its full self-driving system, and is in the early stages of developing the next version, AI6, Chief Executive Officer Elon Musk said in a post on X....

China and Russia are racing ahead while the US keeps running in place....

NASA will roll out a costly rocket to the launchpad at the Kennedy Space Center in Florida on Saturday, a milestone in a lunar space race between the US and China....

Iran's internet connectivity has been partially restored, local media reported, even as millions of people appeared to remain largely cut off from the outside world amid a digital blackout now into its ninth day....

Federal Reserve Chair Jerome Powell said the US central bank had been served grand jury subpoenas from the Justice Department threatening a criminal indictment, a dramatic escalation of the Trump administration's attacks on the institution....

The European Union is set to propose a swathe of new conditions to ensure local companies are prioritized when investment decisions are made in the region by member-states and foreign firms, upending a free-trade philosophy that has governed decades of policy....

Barry speaks with Richard Thaler and Alex Imas award winning economists and co-authors of "The Winner's Curse: Behavioral Economics Anomalies". They discuss the psychology of spending at auctions, and the effects of draft picks on NFL team spending. They also discuss the anomalies of human behavior and decision making that challenge classical economic theories. Listen to the people, ideas and conversations that shape markets on the Masters in Business podcast: Apple: http://bit.ly/43wa4F4 Spotify: http://bit.ly/3qj7LqO Anywhere: http://bit.ly/3OPAL3n (Source: Bloomberg)...

Barry speaks with Richard Thaler and Alex Imas award winning economists and co-authors of "The Winner's Curse: Behavioral Economics Anomalies". They discuss the psychology of spending at auctions, and the effects of draft picks on NFL team spending. They also discuss the anomalies of human behavior and decision making that challenge classical economic theories. Listen to the people, ideas and conversations that shape markets on the Masters in Business podcast: Apple: http://bit.ly/43wa4F4 Spotify: http://bit.ly/3qj7LqO Anywhere: http://bit.ly/3OPAL3n (Source: Bloomberg)...

Micron Technology Inc. has signed a letter of intent to buy a fabrication site in Taiwan from Powerchip Semiconductor Manufacturing Corp. for $1.8 billion to expand its memory chip production....

HDFC Bank Ltd.'s third-quarter profit beat estimates on strong growth in loans while margins stayed under pressure at India's largest private sector lender....

The People's Bank of China has lowered the minimum downpayment ratio for commercial property purchases to 30%, the central bank said in a statement Saturday....

In the wake of a damaging corruption scandal, Ukrainian President Volodymyr Zelenskiy is increasingly reaching out to potential political rivals as the prospect of an election becomes more likely....

China has issued a draft law to strengthen its national reserve system, manage major risks and modernize reserve governance, the National Development and Reform Commission said in a Saturday statement....

As German stocks outpaced broader European indexes in recent years, a big part of the country's market was left behind. That's finally changing....

Elon Musk wants OpenAI Inc. and Microsoft to pay him damages in the range of $79 billion to $134 billion over his claims that the generative AI company defrauded him by abandoning its nonprofit roots and partnering with the software giant....

India will revive tax proceedings against Tiger Global Management after a top court ruling related to the firm's 2018 sale of its stake in online retailer Flipkart....

China used more than double the electricity of the US in 2025, China Central Television reported Saturday, citing data from the National Energy Administration....

China punished 69 officials at the level of minister, provincial rank and above last year for corruption amid an ongoing crackdown, according to a statement posted Saturday on the website of the Central Commission for Discipline Inspection and the National Supervisory Commission....