The world in a glance.

From ESPN to the White House?

Sports media host Stephen A Smith on being the next Joe Rogan — and a possible presidential run

Costco gas demand hits records, as shoppers try to stay ahead of future price spikes

Costco’s same-store sales rose 9.8% during its third quarter, well above Wall Street’s estimates, as gasoline sales provided a nice bump.

Dell’s stock heads for a record-smashing gain, as the AI boom drives a big earnings beat

The company’s AI-server revenue was up 757% in the first quarter, while profit beat expectations by the widest margin in at least five years.

'Our flavors are on the shelf': The evolution of Asian grocery beyond the 'ethnic aisle'

As interest in Asian flavors rises, mainstream grocery stores are incorporating more Asian groceries to work toward being a one-stop shop for all consumers.

Washington nearing deal to extend Iran ceasefire, US officials say

Trump administration’s hopes that an agreement is imminent come after both sides exchanged fire

Gap and American Eagle stock are both getting crushed, and neither retailer is blaming the economy

For two retailers that both saw their stock slide by a double-digit percentage after earnings, what may be most surprising is that executives at both Gap and American Eagle…

The double 10K scenario: Wall Street veteran says the S&P 500 and gold can each reach that mark by the end of the decade

As the S&P 500 soars even higher by the end of the decade, gold will be going along for the ride, says Yardeni Research.

Russian drone hits apartment building in Romania

Nato and Bucharest condemn ‘reckless’ escalation after two people were injured in Galaţi

Several BP shareholders found ousted chair ‘challenging’

Several large investors say it was hard to arrange meetings with Albert Manifold before his removal from oil major

Investors race to get exposure to SpaceX ahead of IPO

Net $14bn pours into funds with stakes in rocket company while ETF providers line up wave of new products

What if remote working, not AI, is to blame for weak junior hiring?

New evidence suggests the rise of working from home has made entry-level hires a less attractive proposition

Russia overspends on Putin’s war in Ukraine by $28bn

Finance ministry asked cabinet in February to freeze expenditure in other areas as cost of conflict mounts

KPMG Australia’s CEO resigns after whistleblower claims

Big Four firm says its investigations into allegations of data misuse lacked rigour

Blue Origin rocket explodes on launch pad during test

Failure comes days before planned launch of internet satellites for Amazon

Blue Origin rocket explodes on launch pad during testing

Failure comes days before planned launch of internet satellites for Amazon

I’m setting up brokerage accounts for my grandkids in my daughter’s name. Is that wise — or am I asking for trouble?

“The contributions are invested in mutual funds tracking the S&P 500, small-cap stocks and international equities.”

‘I’m unsure of the best approach’: My father, 91, is in hospice care. He left his six children CDs. Can we cash out?

“His banker suggested that it might be easier after my father’s passing if we liquidate all of the CDs.”

Dell stock soars toward another record high as the AI boom drives a big earnings beat

The company’s AI-server revenue was up 757% in the first quarter, while profit beat expectations by the widest margin in at least five years.

Okta shares rise on earnings beat and AI-agent opportunity

Okta’s first-qarter earnings cleared Wall Street’s expectations, and the company believes a massive market for AI-agent identity management is brewing on the horizon.

Washington nearing deal to extend Iran ceasefire, US officials say

Trump administration’s hopes that an agreement is imminent come after both sides exchanged fire

Disney's ABC files early broadcast licenses renewal 'under protest' against the FCC

Disney said it filed renewals for eight broadcast station licenses "under protest," after the FCC launched an early review years ahead of schedule.

American Eagle's Aerie is booming, but its namesake brand is lagging despite Sydney Sweeney ads

American Eagle beat Wall Street's expectations but sales at its namesake banner fell short of estimates after its latest Sydney Sweeney campaign.

Gap shares tumble 14% as retailer cuts sales guidance after disappointing Old Navy performance

Gap issued mixed results as sales at its largest brand, Old Navy, fell short of estimates.

The Iran war costs more than you think — it boosts inflation and threatens stocks

Pentagon’s ‘fuzzy math’ impacts prices and your portfolio.

This overvalued stock market just flashed a rare buy signal

Market-timers ran for the exits at a near-unprecedented pace, giving contrarian-minded bulls an opportunity.

Want an alternative to chip stocks? This sector with an AI angle is breaking out.

The transportation sector has benefited from hopes of a Iran peace deal, but also from the build out of data centers needed to power AI.

Costco says it saw 'record-breaking' gas volumes amid rising prices

Costco saw "recording-breaking volumes" of gas sales and said rising fuel prices drove first-time members to its stations.

The Iran war may be winding down, but the era of $60 oil could be over

The Iran war could soon draw to a close. Oil prices, however, may not roll back with it.

An Iran deal could actually trigger a painful stock-market selloff, despite Wall Street’s optimism

Across Wall Street, investors are assuming that a credible and lasting deal between the U.S. and Iran would be an unmitigated positive for stocks and other risky assets.

Okta shares rise on earnings beat and AI-agent opportunity

Okta’s first-qarter earnings cleared Wall Street’s expectations, and the company believes a massive market for AI-agent identity management is brewing on the horizon.

Dell stock soars toward another record high as the AI boom drives a big earnings beat

The company’s AI-server revenue was up 757% in the first quarter, while profit beat expectations by the widest margin in at least five years.

Lilly’s GLP-1 medications will soon be covered by CVS, potentially opening access for millions of Americans

That means millions more Americans may get access to Lilly’s new GLP-1 pill Foundayo or the GLP-1 injection Zepbound.

The Iran war costs billions more than the Pentagon admits — and it’s hitting your credit card bill

Washington’s ‘fuzzy math’ impacts inflation and your wallet.

Kohl's stock spikes 20% as slumping retailer says sales trends are improving

Kohl's reported its best comparable sales growth in four years on Thursday even as it saw revenue decline.

Best Buy stock climbs 15% on earnings beat as retailer aims to reinvigorate sales

Best Buy reported better-than-expected earnings on Thursday as the company works toward turning around its sales slump.

Netanyahu orders Israeli forces to take control of 70% of Gaza

Prime minister says Israel is ‘squeezing Hamas’ in the enclave at the same time as escalating attacks in southern Lebanon

Anthropic finalises $65bn funding deal to surpass OpenAI’s valuation

New round values Claude AI maker at $965bn including the new money

Musk’s tweet undermines SpaceX’s claims about Anthropic data centre deal

Billionaire says the arrangement, described in IPO filings as a three-year agreement, only lasts for 180 days

New '60 Minutes' head Nick Bilton says Paramount's CBS News hired him to pivot the show before ratings decline

Nick Bilton is a former New York Times columnist and has made several documentaries for Netflix, where he worked with CBS News editor-in-chief Bari Weiss.

Anthropic nears $1 trillion valuation, leapfrogging OpenAI

A $65 billion Series H funding round follows a sharp three-month revenue surge for the Claude creator, pushing Anthropic to a fresh $965 billion valuation.

Chevron CEO warns oil prices to jump over summer as supplies dwindle

Blockade in Strait of Hormuz has removed up to 13mn barrels a day from global markets and drawn down ‘shock absorbers’

There may be a secret winner of the streaming wars, and it could end up saving you money

The unwinding of the TV bundle was bad for cable companies, but Charter’s reassembling of a bundle of streaming services is helping it dig out and may ultimately be a money saver…

Oil prices turn lower in the wake of progress toward a U.S.-Iran deal

Global oil prices turned lower on Thursday after news of progress toward a deal that would extend the U.S.-Iran cease-fire.

The true cost of the Iran war is billions more than the Pentagon says — and we’re paying for it

Washington’s ‘fuzzy math’ impacts inflation and your wallet.

Here’s the real story behind the record drop in America’s oil reserves

Stocks in the nation’s Strategic Petroleum Reserve are near their lowest in more than 40 years — but it may not matter

EU wants crisis powers to seize control of chip supplies

Chipmakers could be forced to override existing contracts under draft law

I’m setting up brokerage accounts for my grandkids in my daughter’s name. Is that wise — or am I asking for trouble?

“The contributions are invested in mutual funds tracking the S&P 500, small-cap stocks and international equities.”

New York passes Mamdani's pied-a-terre tax. Here's who pays and how much

Citadel CEO Ken Griffin became the face of the tax after New York City Mayor Zohran Mamdani posted a video in front of Griffin's penthouse apartment.

BP should never have made Manifold chair

The UK energy company’s board took an unwise gamble on a dominant executive

CVS to restore coverage of Zepbound, add Eli Lilly's obesity pill to drug plans

CVS will add Zepbound coverage on Oct. 1, and start covering Lilly's newly approved Foundayo pill on June 1.