The world in a glance.

Micron’s stock has boomed on AI optimism. Now comes the ‘tricky part.’

One analyst says the next leg of the Micron rally needs to come from something other than what’s driven the stock up so sharply over the past year.

GM raises 2026 guidance amid $500 million tariff refund, topping Wall Street's earnings expectations

Aside from earnings and any change to GM's 2026 guidance, investors are monitoring impact from the Iran war, tariffs and EV write-downs.

Here’s what will take center stage as Alphabet gears up for earnings

Alphabet needs to prove that its massive investments in AI are driving revenue growth. The biggest payoff could be in the cloud.

First Brands chose BDO for ‘less rigorous’ approach, witness says

Former executive told investigator examining company’s failure that audit firm had ‘most unsophisticated’ process

Americans are uneasy about gas prices and the Iran war, but they’re getting on with their lives

A survey of consumer confidence inched up in April to the highest level this year, though it is still depressed by historical standards.

PR executive tried to ‘get rid’ of documents despite legal warning

Audio recordings reveal Tom Harper told contractor to destroy material about an investigation into journalists

U.A.E. quits OPEC: Here’s what it means for oil prices and the economy

The decision by the United Arab Emirates on Tuesday to quit the Organization of the Petroleum Exporting Countries is a sign the cartel is losing its grip on the ability to control…

UAE to leave Opec in blow to oil cartel

Move underlines long-running frustrations with group over production quotas

Oracle, Nvidia and other buzzy tech stocks fall as the ‘OpenAI complex’ comes under pressure

A Wall Street Journal report said that the ChatGPT maker has missed financial targets.

Office demand rebounds to highest level since Covid pandemic began

In the first quarter of this year, new in-person and virtual office tours reached their highest level since the pandemic began, per the VTS Office Demand Index.

Could a jet-fuel shortage turn your European summer vacation into a nightmare?

Jet-fuel prices in Europe are among the most emblematic effects of the U.S.-Israel war with Iran and the disruptions the conflict has caused in energy markets.

What Paul Tudor Jones is warning us against doing as the S&P 500 hits record heights

Jones is concerned about excess leverage in the system, about the S&P valuations and a deluge of equity supply but he does sense an opportunity in Japan

BP warns against windfall taxes as Iran war helps profits hit 3-year high

New chief Meg O’Neill says fresh levies on outsized earnings would be a ‘highly flawed response’

Get used to the long Iran war

Tehran has a strong incentive to keep the conflict going

‘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.”

Bill Ackman is placing a bet on individual investors with dual Pershing Square public offerings

The hedge fund is giving away shares to any investor who buys five or more shares in the IPO of its new closed-end fund.

‘We believe it’s real’: My mom received a check from a class-action lawsuit. It bounced. Could this be a scam?

“Now they are deducting that amount from her account.”

SoftBank shares dive, U.S. tech stocks under pressure on report of missed goals at OpenAI

SoftBank Group shares tumbled in Tokyo trade, suffering its worst single-day percentage loss in six months, after a published report that OpenAI missed several internal targets in…

Barclays takes £228mn hit from collapse of UK mortgage lender MFS

Bank to limit complex lending activities and reduce exposure to highly leveraged corporates

BP profits hit 3-year high as Iran war delivers windfall

Oil major’s quarterly profit beats analysts’ expectations on back of ‘exceptional’ trading performance

After report of OpenAI missing targets, one company sees its worst share-price decline in six months

SoftBank Group shares tumbled in Tokyo trade, suffering its worst single-day percentage loss in six months, after a published report that OpenAI missed several internal targets in…

Oil price hits $110 on Iran talks uncertainty

Brent crude at highest level in three weeks

General Motors is set to report earnings before the bell. Here's what Wall Street expects

Aside from earnings and any change to GM's 2026 guidance, investors are monitoring impact from the Iran war, tariffs and EV write-downs.

Coffee, fuel and houses: why Trump has an inflation problem

The US president’s war in Iran has worsened America’s affordability crisis

Iran’s hardliners clash over talks with US

As the regime’s leaders project unity, lawmakers are divided on negotiations about Tehran’s nuclear programme

The real lesson of Reform’s war on the history curriculum

Proposals for a new patriotic syllabus reveal the ambiguous appeal of rightwing populism

Milken family office alumni raise $4bn to target private capital upheaval

Silver Rock Capital Partners draws in biggest credit fund to date

European airlines seize on jet fuel crisis to lobby against passenger perks

Proposals such as extra free baggage allowance would make it harder to cope with rising costs, industry says

Heathrow’s third runway at risk if Reeves is removed after May elections

UK chancellor has been driving force behind latest attempt to expand London hub airport

Wall Street dealers boost Treasury holdings to highest level since 2007

Trump administration’s push to cut regulations prompts big banks to facilitate more trading in government debt

Higher inflation is on the way. The Fed needs to make this clear before it raises rates.

Fed’s communication should help investors manage risk — including the possibility that rates may rise.

It’s China’s duty-free retail mecca and a tropical oasis, to boot. For Beijing that’s no longer enough.

The island province of Hainan has new marching orders.

Key Labour MPs start to accept need for UK welfare reforms

Opposition to overhaul softens with the cost of benefits linked to ill health forecast to exceed £100bn by end of decade

‘We believe it’s real’: My mom received a check from a class-action lawsuit. It bounced. Could this be a scam?

“Now they are deducting that amount from her account.”

Arm’s stock snaps a seven-day winning streak as it loses some of its AI glow

Arm shares led Nadsaq 100 decliners on Monday, reflecting more general pressure on AI names and specific concerns about whether Arm will play a role in a potential Qualcomm-OpenAI…

Britain’s King Charles and Queen Camilla arrive on state visit to the US

UK hopes royals can help mend relationship strained by Iran war

Qualcomm’s stock gains as an AI opportunity emerges

The company is reportedly developing chips for OpenAI.

A possible SiriusXM-iHeartMedia merger would be the latest ominous sign for radio

The potential tie-up would create an advertising behemoth that could help the companies forestall declines as listeners increasingly shift to streaming platforms and podcasts.

Another former bull throws in the towel on Adobe’s stock. Here’s the software stock he now favors.

Mizuho analyst Gregg Moskowitz downgrade shares of Adobe to neutral from outperform and upgraded shares of CrowdStrike to outperform from neutral on Monday.

Blue Owl investors shun cut-price exit offer from Boaz Weinstein

Offer from Saba Capital to buy shares of private credit fund at 65 cents on the dollar fails to attract sellers

Gold prices have lost nearly 11% since the Iran war began. Reasons to buy the metal are piling up again.

High oil prices are likely to contribute to slowing GDP growth, boosting gold’s appeal.

Global oil prices surpass $108 a barrel on concerns Iran may have to cut production due to limited storage

Oil futures climbed Monday as the ongoing U.S.-Iran standoff and the blockade of the Strait of Hormuz fueled concerns that Iran’s crude storage is nearing capacity.

Pharma bets a little-known form of cholesterol will underpin its next blockbuster heart drugs

Novartis, Amgen and Eli Lilly are betting that slashing levels of a particularly bad form of cholesterol could deliver the next blockbusters in cardiology.

Billionaire Ray Dalio says you should have up to 15% of your money in gold because of uncertainty around the Iran war

The world is changing quickly, including with more transactions taking place away from the dollar system, says Dali.o

Higher inflation is on the way. The Fed needs to make this clearer before it raises rates.

Fed’s communication should help investors manage risk — including the possibility that rates may rise.

There’s a pizza price war going on, and Domino’s is feeling the pain

Domino’s will lean into “pizza innovation” as one way to engage customers who are getting more selective with their spending.

Wizz Air accuses Gulf airlines of putting politics before safety

Chief executive József Váradi claims carriers are ‘operating based on political pressure’ in highly unusual criticism

US being ‘humiliated’ by Iran, says German Chancellor Friedrich Merz

Atlanticist leader says ill-prepared war is hurting Europe’s largest economy

Private credit isn’t safer than banks — it’s just better at hiding losses

Investors have no idea that fund returns can reflect clever accounting instead of investment skill.

Global oil prices top $102 a barrel on concerns Iran may have to cut output due to storage issues

Oil futures were climbing Monday as the ongoing U.S.-Iran standoff and the blockade of the Strait of Hormuz fueled concerns that Iran’s crude storage is nearing capacity,…