The world in a glance.

As bullish bets surge, here’s the Goldman Sachs options play to protect portfolios from the likely pullback

Materials, tech and energy sectors offer an attractive hedging opportunity

‘It will not bring you happiness’: I have advice for your single, childless 62-year-old multimillionaire reader

“Go to Walmart and pay off someone’s layaway account.”

Trump’s risky military options to break Iran deadlock

From air strikes to a naval operation, the US president has no simple way to force Iran to yield

‘We have longevity in the family’: My sister is turning 67. Should she wait until 70 to claim Social Security?

“Others say she should start at full retirement age.”

Stay ahead of the crowds with this ultimate summer road-trip checklist

These road trip tips can help you avoid breakdowns, manage gas costs, and stay safer during the start of the summer travel season.

Real estate mogul Mauricio Umansky says ‘Reaganomics’ is the answer to housing affordability problem

Umansky isn’t sold on California’s proposed billionaire tax—warning that the initiative is shortsighted, and could end up doing more harm than good.

JPMorgan looks to offload exposure to $4bn in private equity-linked loans

Largest US bank in discussions over risk transfer as PE firms grapple with prolonged slowdown

Beijing’s unlikely bet on Russia may yet pay off

Putin’s mis-steps have locked it into a relationship with China that is increasingly one-sided

Investing in the era of scarcity

Markets have yet to register the new fashion among governments for hoarding and huddling

Next Harvard endowment chief faces a private equity hangover

As CEO NP Narvekar nears retirement Ivy League fund will have to reckon with expansion into sluggish private holdings

The European cars made in China

Western automakers are taking advantage of Chinese overcapacity to export lower-cost vehicles to their home markets

Crypto industry braces for quantum computing threat

Threat to code that underpins bitcoin has moved ‘from theoretical to credible’, industry figures warn

‘Buffett Indicator’ warns of a market top — 8 crucial signs that stocks are running on fumes

From a grotesque 230% valuation gap to a ticking energy crisis, this unstoppable market is more fragile than it looks.

Stocks tread water — but a wave of volatility is building

S&P 500 analysis shows technical sell signals are flashing despite Nvidia earnings hype.

SpaceX scrubs high-stakes test launch of latest Starship spacecraft

Elon Musk’s conglomerate warned in IPO filing that its strategy was ‘highly dependent’ on the massive rocket

SpaceX has a lot riding on its imminent Starship rocket launch

The launch, which could happen as soon as Friday, comes ahead of “an IPO that’s basing so much” on narrative and symbolism.

IMAX has held ‘preliminary talks’ with potential buyers, source says

IMAX has held "preliminary talks" through intermediaries, but no official pitches have been made directly by the company, a source told CNBC.

Republicans push back on Trump’s ‘anti-weaponisation’ fund

Senators postpone vote on bill because of ‘concern’ over the $1.8bn earmarked for alleged victims of ‘lawfare’

The bond market just flipped the script on investors — Wall Street is acting like nothing’s wrong

When credit and stocks disagree, credit is the one telling the truth.

Estée Lauder and Puig end merger talks to create beauty powerhouse

Shares in US cosmetics giant jump 11.5% in post-market trading as investors welcome end of discussions

‘My husband is leery of my plan’: We are both 60 and have $5 million. Is now a good time to dip into our savings?

“We have been scrimping for a long time.”

DNC autopsy says Biden White House to blame for Harris loss

The party’s lack of unity caused party to haemorrhage voter confidence, according to the report’s author

Annuity payouts are the highest they’ve been in years. Thanks, inflation.

A silver lining to the cloud of high interest rates.

I’m 66 and have $85,000 in my HSA. When should I start spending it?

Most people don’t save in an HSA, so there’s little consensus on when to start drawing down the funds.

Trump’s AI executive order was set to feature voluntary participation by companies. He has delayed it.

President Trump said Thursday that he had postponed a signing ceremony for the order because he “didn’t like certain aspects of it.” Here’s what’s going on.

‘Fast entry’ SpaceX, OpenAI and Anthropic IPOs to ignite Wall St trading frenzy

Passive investors set to dump billions of shares to make way for new stocks

People are putting less gas in their tanks as high prices crimp budgets, Walmart says

“That’s an indication of stress,” Walmart’s CFO said, as Wall Street looks for signs of the Iran war’s impact on consumers.

Goldman Sachs eclipses Morgan Stanley’s Michael Grimes on SpaceX IPO

Celebrated tech banker lost influence over Elon Musk’s blockbuster listing amid stint in Trump administration

Stellantis targets 35% North American sales increase, led by Ram Trucks and Chrysler revival

Stellantis said at an investor day Thursday that it plans to increase its North American sales by 35% by 2030.

Trump administration says new EPA rules will save you money at the supermarket. It's not clear they will

Trump delayed Biden-era EPA refrigerant rules, saying the move will lower grocery costs, though the impact on food prices remains unclear.

Stellantis unveils $70 billion turnaround plan, targets positive cash flow by 2028

Stellantis CEO Antonio Filosa unveiled a new five-year strategic plan Thursday worth 60 billion euros ($69.7 billion).

‘It will not bring you happiness’: I have advice for your single, childless 62-year-old multimillionaire reader

“Go to Walmart and pay off someone’s layaway account.”

Walmart issues worse-than-expected outlook as high gas prices hit shoppers, shares drop 7%

Walmart's CFO, John David Rainey, said higher tax returns helped offset the effect of elevated gas prices in the first quarter.

Turkish court removes leader of opposition

The country’s stocks fall 6% on move that could hobble President Recep Tayyip Erdoğan’s main rival

This hack can save you hundreds on airfare this summer

Plus: AI prompts to plan your next vacation — and why “trip stacking” is trending.

Walmart warns of petrol rationing as Iran war hits customers’ wallets

US retail giant’s shares plunge after saying it absorbed higher fuel expenses to hold down prices for consumers

LIV Golf seeks to raise up to $350 million from investors as post-PIF reality sets in

LIV Golf is preparing to take its updated business plan and investor pitch on the road as soon as Thursday, in an effort to raise fresh capital.

Nvidia can deliver chips — but it can’t buy Big Tech out of its credit and power-grid crisis

Corporate profits can’t fix a chaotic trade war with China, climbing credit premiums and AI infrastructure limits.

Turkey passes tax amnesty as war strains economy

Package of incentives is designed to support struggling exporters and lure foreign companies

Senators seek to curb US Treasury’s ability to fund foreign allies

Bipartisan bill aims to restrict Scott Bessent’s use of $219bn Exchange Stabilization Fund

The Supreme Court turns its back on 60 years of Black enfranchisement

Its decision in Louisiana vs Callais ignores the law and overturns precedent

Eli Lilly says next-generation weight loss drug clears crucial obesity trial

The results bring Lilly one step closer to filing for approval of the injection, retatrutide, which works differently from existing injections and pills.

How the wealthiest families invest: CNBC and Addepar launch Family Office Portfolio Tracker

Public stocks are the fastest-growing asset class for family offices, while their real estate assets are shrinking, per the CNBC Family Office Portfolio Tracker.

Your bond portfolio is facing a ‘termite’ infestation far worse than Jamie Dimon’s ‘cockroaches’

JP Morgan Chase CEO warned of credit-market ‘cockroaches.’ But opaque AI loans and excessive leverage — ‘credit termites’ — are hollowing out the economy.

I found my co-worker’s W-2 in a book — she makes $15,000 more than me for the same job. What should I do?

“How do you advocate for yourself without coming off whiny?”

Debt-fueled bets are turbocharging the South Korean stock market as Kospi jumps 8%

News that Samsung management had managed to negotiate successfully with labor unions prompted a rally in South Korean stocks, augmented by the bullish comments from Nvidia’s CEO…

Artificial intelligence has Americans worried about jobs. Now there’s a new AI worry.

The upsurge in U.S. inflation, reaching a three-year high, has been fueled by rising oil prices and the residual effects of the Trump tariffs. But another thing is adding to the…

Why a ‘meaningful’ selloff for stocks is needed to bring down bond yields

BCA Research warns that the stock market is too hot for the bond market to cool down.

Lilly’s experimental shot produced 28% weight loss. That beats Zepbound.

The injection is different than Zepbound and Foundayo.

Billionaire families bet on semiconductor and energy stocks in first quarter during Iran war

Private investment firms of David Tepper and other billionaires doubled down on chipmakers despite the Iran war pressuring data center economics.