The world in a glance.

Chinese EVs are coming to Canada, and some dealers can't wait to sell them

Canada is allowing 49,000 Chinese-made electric vehicles to be imported for retail sales annually at a tariff rate of 6.1%.

Cerebras’s stock looks like a risky bet on AI hype

The chip company’s shares trade at a very expensive sales multiple on a trailing basis.

A cold peace between the US and China is good enough

Rather than trying to engineer a grand bargain, this is a moment to prevent deterioration

Memorial Day sales mark down fridges and dishwashers. Too bad many Americans aren’t buying them right now.

Many consumers say they’re uncomfortable buying big-ticket appliances while gas prices are so high

EY retracts study after researchers discover AI hallucinations

Incident is latest example of professional services firm being led astray by new technology

All-you-can-eat deals are back at restaurants like Red Lobster and Applebee’s. Here’s how to get your money’s worth.

As inflation has tightened household budgets, several chain restaurants have brought back all-you-can-eat deals to drive foot traffic.

Family investors turn to old-economy businesses like dealerships and fisheries to avoid AI disruption

While car dealerships and fisheries are less eye-catching than high-flying AI startups, they offer stability and cash flow that's attractive to family offices.

Global bonds tumble on fears of inflation shock from Iran war

Stocks dragged lower as traders price in US interest rate rises after worse than expected data releases

Germany’s Merz says he would not want his children to move to US

Chancellor wary about the ‘social climate developing there’ as relations with Donald Trump hit new low

5 tests Kevin Warsh will face as Fed chair

Wall Street and Washington will be watching to see how he reacts to political pressure and whether he can get the central bank on board with the major changes he favors.

Stocks tumble, bond rout deepens as Trump’s China visit fails to pry open Strait of Hormuz

Hopes for an end to the Iran conflict faded after President Trump failed to secure a commitment from China to help pressure Iran to reopen the Strait of Hormuz.

Starbucks to lay off 300 U.S. employees, shutter some regional support offices

Starbucks said the moves will help the coffee chain return to profitable growth.

What did Trump achieve in talks with China’s Xi?

US president returns from Beijing after summit that yielded no big deals but brought hope of more stable ties

Powell’s legacy as Fed chair is fighting inflation and Trump. He may lose the battle against both.

Jerome Powell will be remembered for how the struggles against inflation and to preserve Federal Reserve independence ultimately end.

Trump discloses hundreds of millions of dollars in trades in first quarter

Transactions relating to companies including Nvidia, Palantir, Paramount and Boeing listed in disclosures

Russian missiles in deadly strike were built with western parts, says Ukraine

Images of debris from attack on Kyiv apartment block that killed at least 24 suggest Kh-101 missile was used

‘I experienced many years of poverty’: I worked until 70. Why do wealthy retirees look down on those with less savings?

“I worked until 70 to delay taking Social Security.”

Detroit automakers have cut more than 20,000 U.S. salaried jobs as AI threat looms

Reasons for the job declines vary by automaker, but are generally tied to evolving technological changes in the industry — including the rise of AI.

Can’t afford to buy a new fridge or dishwasher over Memorial Day? A better holiday sale is coming up.

Many Americans are uncomfortable buying big-ticket appliances while gas prices are so high

Trump traded hundreds of millions of dollars in US securities in first quarter

Transactions relating to companies including Nvidia, Palantir, Paramount and Boeing listed in disclosures

‘It all flows from Trump’: Brendan Carr, US broadcast media watchdog

The chair of the Federal Communications Commission on making the agency more ‘aggressive’, his fight with Disney — and playing golf with the president

‘The US needed a shock to the system’: Brendan Carr, media watchdog

The chair of the Federal Communications Commission on making the agency more ‘aggressive’, his fight with Disney — and playing golf with the president

Container shipping routes are shifting due to the Iran war — prices of goods could go higher.

Ships are increasingly sailing through India and Sri Lanka, and through the Panama Canal.

The ‘Munificent 7’: Why energy stocks are the best way to play the AI build-out, says former Goldman strategist

The commodity complex is in a structural bull market, and capital should be flowing away from the companies desperate for commodities and towards those who have them, argues Jeff…

Streeting backs Burnham’s by-election run

Labour set to approve Greater Manchester mayor standing in Makerfield

Boeing shares slide as Trump’s China summit deals disappoint

US president says Beijing will expand agriculture and oil purchases

Gilts and sterling fall as traders brace for Burnham to challenge Starmer

Greater Manchester mayor is lightning rod for concerns over possible loosening of UK’s self-imposed borrowing limits

HSBC pauses $4bn private credit investment

Lender announced plan last year to use $3.2tn balance sheet to muscle into alternative lending market

Trump and Xi kick off talks in crucial summit

Chinese state media hail a new era of ‘strategic stability’ as leaders discuss trade and geopolitics

Big Tech groups launch global borrowing spree to fund AI expansion

US tech giants including Alphabet and Amazon are tapping foreign debt market at an unprecedented rate

SpaceX IPO set to lock in Musk’s control with Mars-linked pay deal

Investors expected to accept $1.75tn valuation, weak shareholder rights and billionaire’s sci-fi business vision

Why Warsh wants the Fed to keep quiet

The incoming chair thinks that constant ‘incantations’ do more harm than good

McKinsey cuts partner cash share in post-AI pay revamp

Consultancy tells senior staff their remuneration will comprise a greater proportion of equity

McKinsey set to cut partner cash in post-AI pay revamp

Consultancy tells senior staff their remuneration will comprise a greater proportion of equity

Nvidia earnings alone won’t rescue the S&P 500 from its new sell signal

Overbought warnings come ahead of a massive tech and retail earnings lineup.

Trump’s best China trade deal is the one he doesn’t make

Three decades of failed engagement with Beijing show why U.S. should walk away from the bargaining table.

Dead people claiming Social Security? Here’s one — but we’re still looking for the other 19,999,999.

After a year of hunting down Social Security cheats, here’s where we stand.

Trump’s big trip was supposed to sell 500 Boeing planes. China is only buying 200 of them.

Boeing’s stock on Thursday headed for its steepest fall in six months after President Donald Trump said China is buying 200 of the company’s jets, disappointing investors who had…

China will order 200 Boeing jets, Trump tells Fox News

President Donald Trump told Fox News that China has agreed to buy 200 Boeing jets, according to a clip that aired Thursday.

This summer’s World Cup will be no match for Taylor Swift when it comes to live events

The World Cup runs from June 11 to July 19, with games being played in cities across the U.S., Canada and Mexico. Tickets went on sale in October and have sold for as much as…

Anthropic agrees terms of $30bn funding deal at $900bn valuation

AI lab has tapped Dragoneer, Greenoaks, Sequoia Capital and Altimeter Capital to lead new round

Figma has a fix for its ailing stock — a new way to make money off its AI products

Figma’s stock soars after earnings beat expectations again, and the full-year outlook was raised.

Trump’s allies pin hopes on Xi to defuse Strait of Hormuz crisis

Summit comes as oil supply shock has triggered worsening energy crisis and threatens Republicans’ midterm prospects

The bond market is already hiking rates as Kevin Warsh takes over as Fed’s new chair

There is a perception that new Fed chairs are tested by market turmoil.

‘I’m not an extravagant spender’: I’m in my 70s with a $90,000 income. Can I afford my dream home with a pool?

“My current house is all paid off, and it’s worth $650,000.”

‘I nearly made a major misstep’: I claimed my Social Security benefits at 64 instead of 70. Here’s why.

“It’s remarkable — and discouraging — how many people are disengaged from their own financial lives.”

Cerebras’s stock rockets out of the gate, in a sign the AI boom is as strong as ever

The chip maker’s shares opened 89% above the IPO price before trading was briefly halted for volatility, but then pared some gains.

This summer’s World Cup will be no match for Taylor Swift when it comes to live events

The World Cup runs from June 11 to July 19, with games being played in cities across the U.S., Canada and Mexico. Tickets went on sale in October and have sold for as much as…

Versant stock jumps 10% after company's Q1 report shows bright spots in licensing, platforms

Versant, the portfolio of TV networks spun out from Comcast, reported earnings for its first quarter as an independent company.

Nvidia earnings alone won’t rescue the S&P 500 from its new sell signal

Overbought warnings come ahead of a massive tech and retail earnings lineup.