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Money & Markets

Saudi wealth fund becomes biggest outside Nintendo investor

DUBAI, United Arab Emirates — A Saudi sovereign wealth fund now holds 8.26 percent of the stock in the video game maker Nintendo, making it the largest outside investor in the Japanese gaming outfit, a company filing said Friday. The investment comes as part of efforts by the kingdom’s ...

White House: Tesla to make some EV chargers available to all

WASHINGTON — Electric car giant Tesla will, for the first time, make some of its charging stations available to all U.S. electric vehicles by the end of next year, under a new plan announced Wednesday by the White House. The plan will make at least 7,500 chargers from Tesla’s Supercharger ...

Airbnb 4Q profit and revenue rise on bookings, higher rates

DALLAS — Airbb said Tuesday it enjoyed a record 2022, including its first annual profit, and it continues to see strong demand for travel carry over into the new year despite economic uncertainty and high inflation. The San Francisco-based company said it earned $319 million in the fourth ...

Twitter’s plan to charge for crucial tool prompts outcry

In the aftermath of the devastating earthquake in Turkey and Syria, thousands of volunteer software developers have been using a crucial Twitter tool to comb the platform for calls for help — including from people trapped in collapsed buildings — and connect people with rescue ...

Fed’s Powell: Strong hiring could force further rate hikes

WASHINGTON — Federal Reserve Chair Jerome Powell said Tuesday that if the U.S. job market further strengthens in the coming months or inflation readings accelerate, the Fed might have to raise its benchmark interest rate higher than it now projects. Powell’s remarks followed the ...

Big tech job cuts keep coming; Dell latest to trim headcount

The tech industry started the year with a wave of job cuts, around 50,000 in January alone, and there doesn’t appear to be any let up this month. The computer maker Dell said Monday that it’s cutting about 6,600 jobs. Large and small tech companies went on a hiring spree in over the past ...