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Schneider’s $22.6 Billion Bet on the Industrial AI Stack

Schneider Electric's agreed purchase of PTC is the clearest sign yet that Europe's industrial giants intend to buy their way into artificial intelligence rather than build it alone.

The Auction House Now Manufactures Value Too

There is a business in the art market that we talk about less than the auction itself: how an important work or an entire collection ends up at the auction house in the first place.

AI Threatens Juniors

If an AI system does half of a junior analyst's work, why would a company need the same number of junior analysts?

Baseball’s Salary Cap Fight Exposes a Deeper Revenue Divide

Major League Baseball's owners used this week's meetings to press a hard salary cap tied to a full pooling of local television revenue, a proposal the players' union says would cut compensation by half a billion dollars.

What the Bond Market’s Selloff Is Teaching Executives About Capital

The Federal Reserve's decision to raise interest rates for the first time since 2023 has collided with a resurgence in inflation and record government borrowing to push long-term Treasury yields to their highest levels in more than two decades, a combination executives ignore at their own cost.

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France’s Widening Deficit Puts Another Government at Risk

France's finance ministry now expects the country's debt to reach a record 119.3 percent of GDP this year, as Prime Minister Sébastien Lecornu's push for €54 billion in savings collides with a parliament unwilling to pass it.

Paramount Clears Path for $110 Billion Warner Bros Discovery Takeover

Paramount Skydance has settled a multistate antitrust lawsuit that threatened to derail its $110 billion acquisition of Warner Bros Discovery, agreeing to a decade of content and production commitments in exchange for the deal's final legal clearance.

Anish Kapoor Doesn’t Make Sculptures — He Rewrites Reality

Kapoor's sculpture is never just about an object. It's about what happens to space, to our bodies, and to our perception when an object appears within it.

Private Equity Takes Full Control of Chelsea as Founding Partnership Fractures

Clearlake Capital completed a buyout of co-chairmen Todd Boehly and Mark Walter's stakes in Chelsea Football Club this week, taking sole ownership of the Premier League club four years after the trio bought it together.

Why Paramount’s $111 Billion Warner Bros Deal Is a Lesson in State-Level Risk

Paramount Skydance and California's attorney general entered advanced settlement talks this week over a lawsuit that has stalled Paramount's $111 billion acquisition of Warner Bros. Discovery since July.

Bank of England Splits Three Ways as Energy Shock Muddies Inflation Outlook

The Bank of England held its benchmark rate at 3.75% on September 17 in a 6-3 vote, as policymakers disagreed sharply over how much of Britain's inflation overshoot is a temporary energy shock rather than a lasting trend.

Fed’s New Chief Delivers a Rate Hike Trump Did Not Want

The Federal Reserve raised interest rates for the first time since 2023 on September 16, with newly installed chairman Kevin Warsh defying President Trump's explicit public call for lower borrowing costs.

The watch is no longer about time. It’s about what you know about it.

Real watch collecting isn't about money. It's much more about the moment when wealth stops wanting to be visible on its own terms and instead becomes taste, knowledge, and choice.

Ford’s Billion-Dollar Answer to a Political Attack

When Washington accused Ford of leaning too heavily on Chinese suppliers, the automaker answered not with a legal brief but with a billion-dollar factory upgrade.

Enel’s $760 Million Solar Deal Shows How AI Is Redrawing Energy Markets

Enel's purchase of two American solar plants already contracted to Meta and Google illustrates how thoroughly artificial intelligence's power appetite is reshaping renewable energy investment.

ECB Raises Rates Again as Inflation Proves Stubborn

The European Central Bank lifted borrowing costs for the second time this year, betting that persistent inflation now poses a bigger threat to the eurozone than slowing growth.

Track and Field Bets on Speed With Its $10 Million Experiment

World Athletics launched a made-for-television championship in Budapest, wagering that a shorter format and record prize money can create a commercial property to rival the Olympics.

Manchester City’s Record Fee Signals Football’s New Financial Reality

Manchester City's £125 million deadline-day signing of Enzo Fernandez from Chelsea capped a Premier League transfer window that pushed English club spending past £2.36 billion.

What Amazon’s Ad Auction Lawsuit Teaches About Hidden Pricing

A Federal Trade Commission lawsuit accusing Amazon of secretly inflating advertising prices by more than $20 billion offers a case study in how opaque algorithmic systems erode customer trust.