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US Producer Prices Rise Most Since 2022 on Energy Costs

US wholesale inflation accelerated in April to the fastest pace since 2022 on a war-driven increase in energy prices that’s feeding into higher freight transportation costs.

By Augusta Saraiva

Equinox Gold Agrees to Buy Orla Mining in $5.1 Billion Deal

Equinox Gold Corp. agreed to acquire Orla Mining Ltd. in a cash-and-stock deal valuing the Canadian miner at about $5.1 billion, the latest in a wave of mining deals as producers seek to grow output after a massive price rally in bullion over the past year.

Nvidia’s CEO Joins Trump in China With AI in the Spotlight

Nvidia Corp. co-founder Jensen Huang joined US President Donald Trump on his visit to China as a last-minute addition, thrusting AI and technology into the spotlight before a high-stakes Beijing summit.

Trump Lands in China for Summit With Xi With Iran War in Limbo

President Donald Trump arrived in Beijing for the first state visit to China by a US leader in nine years, as the world’s two largest economies look to stabilize ties with a summit playing out against the backdrop of the Iran war.

JPMorgan Promotes Trio of Top Bankers to Lead Dealmakers

JPMorgan Chase & Co. tapped a trio of executives to lead its investment bankers globally as part of an overhaul of the division’s upper ranks.

SoftBank Profit Jumps After Emboldened Son Bets More on OpenAI

SoftBank Group Corp. reported a surge in quarterly profit due to valuation gains on its OpenAI investment, boosting confidence at the Japanese company to bet even more on the ChatGPT maker.

Alibaba Posts First Operating Loss Since 2021 After AI Splurge

Alibaba Group Holding Ltd. posted its first operating loss since the depths of the Covid pandemic, underscoring the extent to which China’s e-commerce leader is spending on the AI initiatives it hopes will power its next phase of growth.

Jack Ma-Backed Ant’s Profit Fell 79% on AI, Health Care Costs

Ant Group Co.’s quarterly profit continued to decline after the company increased investment in artificial intelligence technology for its health care, large language model and payment services.

Investors Benefit From More Financial Data, Not Less: Editorial

At White House urging, Securities and Exchange Commission regulators have proposed ending a 56-year-old requirement endured by US-listed companies: the filing of quarterly reports. The change isn’t just unnecessary — it also risks undermining the world’s largest and most dynamic equity market.

Blackstone Drops $4 Billion New World Deal Over Control Clash

Blackstone Inc. has walked away from a proposed $4 billion tie-up with New World Development Co. after the embattled property developer refused to hand over the reins, people familiar with the matter said.