The world in a glance.

‘We have always bonded over hating billionaires’: I got a well-paid job. Now my friend says I’m ultrawealthy. How do I respond?

“I don’t want to make it awkward.”

This mutual fund lets you buy SpaceX stock before the IPO — but what are you actually getting?

The hype surrounding SpaceX and the scale of its ambitions will surely drive short-term demand for shares in the IPO.

Russian banks to arm themselves against Ukrainian drones

New law will allow staff at country’s central bank and Sberbank to carry weapons

Securitisation could help plug Europe’s funding gap

Deeper capital markets are essential to the continent’s growth

Japan, South Korea and Taiwan are suffering industrial rot

Artificial intelligence is concealing a China shock

Why this fund manager who was an early proponent of Nvidia is now betting on AI’s space frontier

T. Rowe Price’s Tony Wang is looking AI for bottlenecks and finding them, and also sees returns in space and light.

Why America is losing the AI productivity war to 3.5 million Chinese STEM graduates

Big Tech’s structural mistakes are costing stock investors and fueling a massive talent crisis.

The market isn’t fully pricing in a peace deal yet, as investors see no alternative to U.S. stocks, says Barclays

Since the start of the war in Iran, investors have favored U.S. stocks over international equities, but a deal could help to reduce the gap.

OpenAI’s biggest problem isn’t AI safety. It’s Sam Altman.

‘Conflict-averse’ CEO has built a culture of groupthink — and a massive corporate liability,

‘The timing couldn’t have been better’ for investors in MSGS as the Knicks make the NBA Finals

Shares of MSG Sports have climbed 39% this year and are up 88% over the last 12 months. And that was before the Knicks made it to the NBA Finals.

Trump risks triggering financial crisis, warns ECB

Vice-president Luis de Guindos says Washington’s volatile trade policies and reduced co-operation also threaten stability

‘I feel like I’m living a lie’: My husband and I pretend we’re strapped for cash in front of friends. Is that bad?

“I’ve found that acting ‘normal’ means others treat me like one of the group.”

A rival joins Micron in the $1 trillion club as one bank argues AI is actually underhyped

The frenzy in memory-chip stocks continued on Wednesday as SK Hynix took less than 24 hours to join American peer Micron Technology in the $1 trillion valuation club.

Kathleen Kennedy Townsend quickly finds a buyer for charming $1.6 million Cape Cod home

The Kennedy heiress has already secured an offer for the quaint home near the Kennedy family’s famed Hyannis Port compound.

Hynix quickly joins Micron in the $1 trillion club as one bank argues AI is actually underhyped

The frenzy in memory-chip stocks continued on Wednesday as SK Hynix took less than 24 hours to join American peer Micron Technology in the $1 trillion valuation club.

Goldman Sachs hikes S&P 500 target and rejects bubble-era comparisons

Speculative fervor is high but not at elevated levels pointing to a big market pullback

Trump risks triggering financial crisis with Iran war, warns ECB

Vice-president Luis de Guindos says Washington’s volatile trade policies and reduced co-operation also threaten stability

Israel kills Hamas military chief

IDF also steps up strikes in Lebanon despite nominal ceasefire

Inside BP’s boardroom ‘bullying’ scandal

Albert Manifold’s behaviour and use of personal devices cited as factors in removal that has piled pressure on CEO Meg O’Neill

Samsung workers set for $400,000 bonus after deal to share AI profits

Agreement with union ends wrangling over how to share spoils of boom at memory-chip maker

How did Jay Powell do at the Fed?

The outgoing chair has made some mistakes, but his decision to stand up to Trump was heroic

The legacy of Jay Powell at the Fed

The outgoing chair has made some mistakes, but his decision to stand up to Trump was heroic

Hong Kong overtakes Switzerland as hub for global offshore wealth

Chinese territory enjoys surge of investment from mainland as wealthy spread assets across different jurisdictions

EU defence chief urges states to stop making ‘haute couture’ missiles

Andrius Kubilius pushes for governments to open weapons stockpiles to Ukraine

Trump’s Board of Peace fund is empty

Despite $17bn in pledges, organisation is stuck in limbo with no money flowing to projects in Gaza

How AI threatens the giants of consulting

The technology opens the door for smaller, well-funded challengers to take market share from the Big Four and others

Trump-backed candidate ousts Republican senator in Texas primary

Decisive victory for controversial attorney-general Ken Paxton shows US president’s enduring hold on Republican Party

My friend, 62, earns $20,000 a year. Should she take Social Security now — and claim survivor’s benefit at 67?

“I calculated her break-even point to be around age 78.”

‘There is zero transparency’: My friend’s sister controls their mother’s estate. How can we stop her from stealing?

“The sister claims she does not have to explain herself to anyone.”

BP chair’s departure turns spotlight on Meg O’Neill to deliver swift turnaround

Albert Manifold’s behaviour and use of personal devices cited as factors in his removal over conduct and governance concerns

UK imposes sanctions on crypto exchange tied to billionaire Justin Sun

Foreign Office announces measures against Huobi among several entities it says helped Russia evade economic pressure

‘The timing couldn’t have been better’ for investors in MSGS as the Knicks make the NBA Finals

Shares of MSG Sports have climbed 39% this year and are up 88% over the last 12 months. And that was before the Knicks made it to the NBA Finals.

SpaceX just won a $2 billion contract to make satellites for the Space Force

The U.S. Space Force on Tuesday awarded SpaceX a new, pricy satellite contract, further tying the company to its biggest customer.

Gen Z demands bigger bargains — driving gains for discount retailers like Walmart and Ross

As seemingly everything gets more expensive, younger consumers are increasingly driving growth for the nation’s biggest discount retailers.

Trump’s influence on Republican Party tested in Texan run-off vote

Victory of flawed Senate candidate Ken Paxton could cement the president’s hold on the party

The bond market has been rocked by a violent selloff. Here’s how to play it.

The bond market is tied up in knots about the Iran war and inflation, as well as what the Federal Reserve under new chair Kevin Warsh might do about it.

Happy birthday, Dow! Being 130 years old doesn’t make it too antiquated to follow.

The Dow turns 130 years old, and despite its recent underperformance, it still remains relevant to most investors.

AutoZone stock has worst day in four years, despite retailer beating Wall Street estimates

Concerns include international growth and margin compression as well as pressures from inflation, energy costs and potential supply chain disruptions.

Giga-IPOs are a symptom of public markets’ giga-problem

The incredible shrinking stockmarket

‘I feel like I’m living a lie’: My husband and I pretend we’re strapped for cash in front of friends. Is that bad?

“I’ve found that acting ‘normal’ means others treat me like one of the group.”

Iran starts to restore internet access after months-long blackout

Move to allow connectivity comes as US strikes Iranian missile launch sites and peace talks continue

Americans feel worse than ever, a consumer survey shows. The White House says that’s bunk. Who’s right?

Are Americans really feeling worse than ever about their financial well-being? A long-running survey of consumers suggests the answer is yes, drawing a sharp rebuke President…

Putting your baby to work as a model could net them $5.7 million by age 60. Here’s the legit way to do it.

One content creator says this 18-year savings plan will make her baby extremely wealthy. CPAs think it’s a great idea for certain families.

Iran accuses US of ‘flagrant’ ceasefire violations as back-channel talks continue

Tehran vows to ‘not leave any mischief unanswered’ after the attacks

Starlink signs a new airline customer as it races to be the top in-flight internet provider

American Airlines plans to install SpaceX’s Starlink satellite internet service on more than 500 planes, solidifying the Elon Musk company’s lead among U.S. air carriers.

Micron’s stock soars as UBS slaps on an out-of-sight price target

Strong memory chip demand is leading to “enhanced” long term agreements that should benefit Micron’s stock and earnings power, UBS says.

More than 9 million people are missing out on $58 billion in food and medical benefits. Are you one of them?

Lack of awareness, social stigma, application struggles and eligibility concerns prevent people from getting benefits

Ferrari’s first EV sparks investor and social media backlash

Luce launch comes as executives are divided over demand for luxury electric cars

Space stocks are rocketing as SpaceX keeps making pre-IPO headlines with first Starship launch

SpaceX, which is planning to go public soon, recently tested the latest version of its massive 407-foot rocket for the first time.

An adviser told me I can save 35% of the taxes on a Roth conversion. Is that true?

The age-old rule applies: If it sounds too good to be true, it probably is.