The world in a glance.

Aldi takes the fight to Walmart and Costco

After 50 years of slow US expansion the German discount grocer is upping the pace. Can it win over hard-pressed consumers?

Fed Chair Kevin Warsh wants to get inflation under control. That could be bad news for home buyers seeking lower mortgage rates.

The Federal Reserve is in a “new era,” but home buyers are facing the same old affordability challenges.

US-Iran accord opens way for Hormuz charges, industry warns

Shipping executives fear language will enable Tehran to introduce fees after 60 days or a fund similar to Strait of Malacca

Trump’s Iran agreement is a massive buy signal for stocks

Hyperventilating experts were wrong about the Iran war. The end of the conflict is a massive buy signal for stocks.

‘I’ll probably be working until I die’: I’m 60, work as a waiter and have $2,000 in a Roth IRA. What will happen to me?

“I’m afraid I’m in a bad place.”

My husband died when I was 38, leaving me with four kids who each received Social Security. I’m now 60. When do I claim?

“I have called and asked the Social Security Administration about this multiple times over the past couple of years.”

Europe should speak to Putin, says Austrian chancellor

Christian Stocker tells FT that there is ‘momentum’ around Ukraine peace talks

California’s counting on an IPO tax windfall. Several factors are complicating the equation

The IPOs of SpaceX, OpenAI and Anthropic could create a tax windfall for the state of California. But experts say the revenue impact may be blunted.

My mother was co-owner of my late grandmother’s bank account. Should she share the money with her siblings?

“The will stated that the estate was to be divided equally among her children.”

Accenture shares set to fall to lowest since 2017 as AI threat mounts

IT consultancy hit by concerns technology will hurt its business model

The next two weeks could be a bumpy ride for U.S. stocks. Buy any dip, this strategist says.

Citadel Securities strategist Scott Rubner says one of the most important two weeks of the year is here, and that could open buying opportunities for stocks.

‘I’ll probably be working until I die’: I’m 60, work as a restaurant server and have $2,000 in an IRA. Who can help me?

“Last year, I had to buy a used car because my previous one died. I also have $4,400 in credit-card debt.”

Two key things that need to happen before Strait of Hormuz traffic can return to prewar levels

The U.S. and Iran agreed to a framework for a peace deal that extends their cease-fire for another 60 days. Now, a series of practical steps are needed for traffic to pick back up…

Hegseth unveils six-month review of US military presence in Europe

Defence secretary announced decision as he scolded Nato allies for failing to support Washington in Iran war

Hollister partners with Target to tap into $89 billion back-to-college shopping market

Hollister's partnership with Target comes as both companies look to capitalize on the lucrative back-to-college shopping market.

Warsh wants to listen to markets more. Morgan Stanley says markets may regret it.

Federal Reserve Chair Kevin Warsh says he wants to listen to the signal from markets more. Strategists at Morgan Stanley say markets may regret being in charge.

China’s tribute system and the new world order

Exercising power without resorting to war could be Beijing’s ultimate show of strength

Ukraine hits Moscow with largest-ever drone attack

Almost 200 drones strike Russian capital, several damaging the city’s largest oil refinery

Intel shares rally as Trump says company will build chips for Apple in the U.S.

Intel shares jumped in premarket trade on Thursday as President Donald Trump said the foundry will produce chips for Apple in the U.S.

My two sons will inherit a $30,000 annuity from their grandmother. What should I do with the money?

“My understanding is that they have five years to withdraw the money.”

Kevin Warsh’s debut

Hawkish overtones, dovish undertones

BA owner warns EU competition rules make easyJet bid ‘very difficult’

IAG chief Luis Gallego calls for overhaul of how bloc evaluates airline takeovers

How Brexit still divides British voters

In the Makerfield by-election, Andy Burnham is trying to win over an area that voted heavily for Leave

JPMorgan Chase cuts off Anthropic access for its Hong Kong staff

Bank follows Goldman Sachs in preventing use of Claude in Asian financial hub

Modi and Netanyahu: the making of an unlikely alliance

As Israel’s isolation deepens, ties with New Delhi are growing — from drones to statues

Ships divert in hunt for fuel after Gulf conflict hits supplies

Bosses warn of continued disruption despite Iran-US deal to end war and open the strait

What brings Modi and Netanyahu together

As Israel’s isolation deepens, ties with New Delhi are growing — from drones to statues

Trump’s ‘nuclear bros’ race to deliver US atomic revival

Young founders backed by Silicon Valley vie to start reactors despite experts’ safety fears

Scared to spend your retirement money? Here’s one way to get over the fear of running out.

This fear is probably going to cause you some regrets.

US and Iran sign deal as Trump vows to release frozen funds and ease sanctions

President says Iranians will receive incentives when they ‘behave’ and acknowledges Tehran will keep ballistic missiles

I inherited a $500,000 IRA. Can I reduce the tax burden by using it for my children’s education?

“I would like to use my share to help fund college for my three children.”

‘I’m a realist’: I’m 50 with $6.5 million saved. Should I quit my $200,000 job and retire early?

“I have been considering leaving my job so that I can focus on my trading activities full time.”

Five things to know about Kevin Warsh’s first Fed meeting as chair

Central bank chief says ‘new chapter’ has begun as he promised sweeping reforms

It’s ‘unavoidable’: Apple says it will be forced to raise prices due to the AI boom

Tech giants are gobbling up memory chips for AI servers, leaving Apple with soaring component costs that Tim Cook says will inevitably be passed on to consumers.

Chinese universities gain ground on UK and US in global rankings

Britain and US retain grip on top 10, with MIT first and Imperial College London second

Did Warsh and Vance just open the door to higher inflation?

The U.S. government’s official 2% annual inflation target has suddenly been thrown into doubt by Kevin Warsh and J.D. Vance.

Warren Buffett’s mentor said his wealth came down to luck. Is your life savings riding on a coin flip?

The illusion of investing knowledge is powerful: Why you’re probably paying a financial adviser for pure chance.

Kevin Warsh launches his push to change how the Fed operates

The new Federal Reserve chair rolls out five task forces that will focus on the central bank’s communications, inflation frameworks and more

JetBlue to reduce Newark, LaGuardia footprint as it forges ahead in Fort Lauderdale

JetBlue is planning to cut some employee bases at Newark Liberty International Airport in New Jersey and tech bases at New York's LaGuardia Airport.

Fed officials tilt towards rate rise as Kevin Warsh era begins

US government bonds drop after central bank vows to tame jolt of inflation triggered by Iran war

How Pizza Hut fell from stuffed-crust glory to corporate castoff

“They struggled to figure out what the next big thing was,” an analyst says in the wake of a recently announced private-equity buyout.

Trump to release Iran’s frozen funds and ease sanctions when ‘they behave’

President acknowledges Tehran will keep ballistic missiles after war

CarMax shares fall after used car retailer reports earnings beats, CEO details turnaround plan

Despite the beats, questions remain about the company's ability to grow and cut costs under the plan amid tougher market conditions, including margin pressure.

Carvana’s new vehicle strategy turns dealership into ‘playground,’ test-drive center with sales all online

But don't expect Carvana to sell you a vehicle at one of its seven Stellantis stores, marking a stark contrast from typical franchised dealers.

Crunching the numbers on Warsh’s lil’ statement statement

It’s both the size and what you do with it

The Knicks’ ticker-tape parade is conquering a modern-day reality: Offices barely use any paper

Over 2,500 pounds of paper will rain on the Knicks as New York City overcomes windows that don’t open and the death of actual ticker tape.

I’m 20, and I’ll be watching Kevin Warsh and the Fed today. Here’s why you should, too.

What the Fed’s interest-rate decision really means for your borrowing, savings and financial future

Fed drops bias for rate cuts as Kevin Warsh era begins

Donald Trump’s war in Iran has sent inflation to nearly double the central bank’s target

Anthropic boss tells G7 leaders to ‘resist the temptation to splinter’ over AI

Dario Amodei is supported by rival Sam Altman in call for international co-operation

Anthropic chief tells G7 leaders to ‘resist the temptation to splinter’ over AI

Dario Amodei is supported by rival Sam Altman in call for international co-operation