The world in a glance.

Bond investors brace for ‘volatile’ Fed transition as Powell stays on

Kevin Warsh will be trying to shift central bank’s approach at time of deep division, say fund managers

Lawyers to the wealthy warn that AI legal advice comes with serious risks

Asking ChatGPT how to divide your fortune or design a prenup can be used against you in court, lawyers say.

More than 20,000 people are taking Eli Lilly's weight loss pill Foundayo, CEO says

Eli Lilly's weight loss pill launch has been closely watched after the successful start of Novo Nordisk's Wegovy pill.

South Korean stocks just enjoyed their second-best month ever — and now the market is bigger than the U.K.

The primary factors behind the strength of the Korean market is the boom in the market for high-end memory chips used by AI developers

Forget buy the dip. Now retail investors are ‘trading the mania’ in chip stocks, and it’s about to get messy.

Goldman Sachs’ traders say investors have been chasing the hot semiconductor sector, but with some high-stakes bets that may be hard to get out of should things go wrong.

Why the 60/40 portfolio is crushing it — despite market chaos and inflation fears

This time-tested mix of stocks and bonds thrives in uncertainty — and maybe because of it.

Oil tumbles after surging to $126 on supply fears

Brent crude hit new conflict high as blockade of Strait of Hormuz continues before dropping in wildly volatile trading

Eli Lilly blows past quarterly estimates, hikes outlook as Zepbound and Mounjaro sales skyrocket

Lilly hiked its full-year sales outlook by $2 billion, and also raised its adjusted profit guidance.

Big Tech’s AI build-out needs these 3 companies to keep the lights on — and they’re cashing in

The headlines focus on apps, but the big money is flowing to agentic AI’s boring industrial backbone.

Lilly is now selling $12.9 billion of GLP-1 drugs every three months and expects to sell even more

Eli Lilly said its tirzepatide franchise had another stellar quarter.

Can countries grow richer by exporting people, not goods?

That depends where those people end up

India’s weak currency reflects deeper problems than the Iran war

It highlights a persistent inability to draw in foreign investors

How Kalshi can help the Federal Reserve

Prediction markets may be a win for central banking

The energy crisis is no excuse for bad subsidies

We know what worked and what failed the last time around

I’m 59. My wife and I bought a second home for $484,000 at 6.2% interest rate. Will this be a drain on our retirement?

“I earn an annual salary of $116,000. My wife’s annual income is about $55,000.”

DCC rejects £5bn takeover bid from KKR and Energy Capital

FTSE 100 energy group says bid ‘fundamentally undervalues’ its business

Google outpaces rivals as Big Tech’s AI spending plans rise to $725bn

Meta stock drops on capex increase while Alphabet’s cloud business grows faster than rivals Amazon and Microsoft

European stocks and government bonds fall as oil price climbs

Energy shock intensifies fears that global economy faces prolonged period of higher inflation

Trump launches review of US troops in Germany

Threat comes days after German Chancellor Friedrich Merz criticised US strategy in Iran

AI companies are just companies

As we leap into a new technological age, the old rules of capitalism still apply

Does trade cause peace? Ask an economist

Researchers have been trawling history to measure the pacifying effects of moving goods around

KKR explores $10bn sale of ex-Unilever spreads business

Private capital firm hires bankers to sell Flora Food Group after ditching targets to make its portfolio plant based

UAE withdrawal from Opec reopens rift with Saudi Arabia

After putting on a united front during the Iran war, the Gulf’s most consequential rivalry has burst into the open again

Jet fuel crisis lays bare faultlines in US airline industry

Delta and United cement dominance as low-cost carriers rue post-pandemic splurge on aircraft

More diners are eating at Chipotle despite higher prices, bucking Wall Street’s concerns about restaurants

Shares of Chipotle jumped 6.2% after hours on Wednesday, after the company managed to eke out a surprise same-store sales gain for the first quarter.

Ford’s profit jumps as carmaker powers through an EV slowdown

Ford gets hefty tariff refund and raises outlook for the year.

Why Qualcomm’s stock is soaring even in the face of a weak outlook

Investors are looking beyond the current quarter at hints of meaningful AI opportunity ahead.

The next recession could actually be a win for stocks — if you can tune out the market noise

Corporate profit margins and P/E multiples — not GDP forecasts — are the real tools to surviving a bear market.

Sandisk shares have soared over 3,000% in a year. Is a stock split next?

The S&P 500’s top-performing stock of the year has crossed the $1,000 threshold, fueling some speculation that management could announce a 10-for-1 stock split.

‘I hope to retire early’: I’m 56 and have 80% in a traditional IRA and 20% in a Roth. Am I in trouble?

“We have $3.5 million in savings — $2.5 million of which are in retirement accounts.”

SoftBank plans to list new AI and robotics company in the US

Masayoshi Son plots IPO for business named Roze as soon as this year

Big Tech’s earnings get ever bigger, and ever less useful

Meta, Alphabet and peers are growing smartly, but their value hinges on hard-to-answer questions about AI supremacy

Powell vows to remain on Fed board as he warns over attacks by Trump

US central bank chief says he will continue as a governor even after Kevin Warsh succeeds him as chair

Lululemon has lost its cool, and is stuck with customers who only follow ‘generic athletic brands,’ founder says

After a weeklong silence following Lululemon’s new CEO pick, Chip Wilson, the struggling yoga-wear’s founder-turned-most vocal critic, weighed in on Wednesday.

Bill Ackman’s Pershing Square USA slides on Wall Street debut

Weak investor demand hits hedge fund chief’s scaled-back double offering

Ford raises 2026 guidance as $1.3 billion tariff refund assists in offsetting higher costs

Aside from earnings and any changes to the automaker's 2026 guidance, investors will be monitoring effects from the Iran war, tariffs and the pullback in EVs.

Chipotle posts surprise same-store sales growth in early sign chain could be breaking its slump

Chipotle shares have plummeted 35% over the last year.

Carvana stock pops as used car retailer reports record first-quarter results

The online used car retailer reported retail sales of 187,393 units, a 40% increase compared with a year earlier.

Paramount CEO David Ellison wants to release 30 films annually. History and Hollywood say it's unrealistic

While David Ellison has set a lofty goal for Paramount to release 30 films a year, there's no recent precedent for such a haul.

Ford’s profit jumps as automaker powers through an EV slowdown

Ford gets hefty tariff refund and raises outlook for the year.

Oil tops $120 as Trump signals extended Hormuz stand-off

Brent crude rises for eighth-straight day as US president says he will keep naval blockade in place

PayPal's new CEO makes Venmo a standalone business unit as potential buyers circle

PayPal is betting that a new corporate structure can reignite growth at a company that has lost ground to Apple, Google and Stripe in the e-commerce battle.

Trump’s Iran war has cost $25bn, Pentagon says

Use of costly missiles and air defence interceptors raises alarm about US readiness for other conflicts

‘I’m very late to the game’: I’m 48, earn $65,000, have $48,000 in debt and no retirement. Am I doomed?

“I do not have any inheritance from anyone coming my way as I lost most of my immediate family when young.”

The chicken-wing trade keeps collapsing and Wall Street is left seeking a Wingstop bottom

Executives at the chicken-wing chain say higher gasoline prices affected first-quarter sales.

Musk says he was ‘a fool’ to fund the launch of OpenAI

Billionaire says Sam Altman wanted ‘halo effect’ of a non-profit while enriching himself in second day of his testimony

Oil surge divides Fed as Jay Powell’s term at helm draws to a close

Central bank chair says he will remain a governor ‘for a period of time’ after Kevin Warsh succeeds him

Oil nears highest point in Iran war as Hormuz stand-off persists

Brent crude rises for eighth consecutive day

Fed chair nominee Kevin Warsh secures Senate committee approval

Banking panel votes in favour of Donald Trump’s candidate to lead US central bank

Micron’s stock is gaining. Here’s why the semiconductor trade has sprung back to life.

Strong results from Seagate and NXP are boosting semiconductor-sector sentiment.