U.S. stocks and bonds suffered a wave of selling, sending Treasury yields to the highest levels of the year and major indexes toward their worst session in months.
David Perpich, cousin of Times publisher A.G. Sulzberger, was an architect of the subscriber bundle of games, a cooking app, the Wirecutter and sports-media site the Athletic.
The major indexes marched higher in recent weeks as enthusiasm around artificial intelligence sent investors flocking to shares of megacap tech stocks.