Saudi Arabia’s Prince Has Big Plans, but His Giant Fund Is Low on Cash
After nearly a decade of expensive, hit-and-miss investments, Mohammed bin Salman is overseeing a behind-the-scenes restructuring of the kingdom’s all-important wealth fund.
Saudi Arabia Backs Elon Musk’s xAI With Data Center Deal
Mr. Musk’s xAI will work with the Saudi artificial intelligence company Humain on a new data center, part of Crown Prince Mohammed bin Salman’s effort to diversify his kingdom’s economy.
Mexico Is Now the United States’ Top Buyer
For first time in at least 30 years, the United States has exported more to Mexico than Canada, U.S. government data show, in a sign of how much North American trade has consolidated.
After Shutdown, Labor Department Says Some Data is Gone for Good
Surveys were delayed and some cannot be collected at all, officials said, further complicating the Federal Reserve’s decision on interest rates next month.
December Rate Cut in Doubt as Fed Fault Lines Deepen, Minutes Show
The central bank’s decision to lower interest rates last month was more divisive than it first appeared as officials splintered over how to weigh a weakening labor market against rising inflation.
Trump’s Tariffs Sent Trade Plummeting in August
The steep tariffs President Trump issued in August led to a contraction in imports and the trade deficit, newly released data shows.
Iran Releases Tanker It Seized From the Strait of Hormuz
The ship had lost contact with its managers while traveling near Iran on its way to Singapore last week. All 21 members of the crew are safe.
Netherlands Hands Back Control of Chinese-Owned Chipmaker Nexperia
Uncertainty over the availability of the company’s chips, which are used in cars and electronics, had added to concerns of a global shortage.
The C.E.O.s Who Came to Dinner (With the Saudi Crown Prince)
The presence of business leaders at a White House event for Crown Prince Mohammed bin Salman underscores a deepening of U.S. and Saudi ties.