Why is Saudi Arabia spending a king’s ransom on sports? The Middle East powerhouse doesn’t care if you call it sportswashing.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
A report released Monday by data platform Global SWF showed sovereign wealth spending in 2023 dropped 20% from the previous year.
The asset manager announced annual revenues rose 14%, topping $20 billion for the first time, with record net inflows of $641 billion.
It’s basic Newtonian physics, as Boeing just learned: When the sky falls for a company, so, too, will the bottom line.
The company’s struggle gives us a glimpse into how the wider world of voice assistants is trying to keep up with the technology zeitgest.