President Luiz Inácio Lula da Silva’s re-election victory prompted a sharp reversal in financial markets that had expected his opponent to win.

© Amanda Perobelli/Reuters

The race to build artificial intelligence infrastructure is consuming increasingly enormous amounts of cash at the biggest tech companies.

© Gabriela Bhaskar/The New York Times

Anthropic sits atop a pyramid of business partners and suppliers, making it a barometer of the broader economy. Its initial public offering will have widespread implications.