The world in a glance.

General Motors announces new defense partnership with Lockheed Martin

General Motors announced a new defense partnership with Lockheed Martin as the country ramps up its production of weapons.

Russian saboteurs hired third operative for UK attacks

Footage points to the role of an unidentified man spraying anti-Muslim graffiti in London

Russian warship accused of firing warning shots towards yacht in Channel

Ministry of Defence says it is ‘investigating reports of incident’

Oil sinks below $80 a barrel as traders bet Strait of Hormuz flows will return

Brent crude has tumbled to three-month low following agreement to extend US-Iran ceasefire

These life-insurance policies are booming. Here’s who should — and shouldn’t — buy one.

Indexed universal life insurance policies have a very specific purpose that can help families, if used correctly.

Carvana is expanding into new vehicles. The implications could reshape the U.S. automotive retail market

Carvana has bought seven new vehicle franchises since last year that primarily sell Stellantis' Chrysler, Dodge, Jeep and Ram brands.

Here’s when gas prices will come down if the U.S. deal to end the Iran war pans out

The average retail gasoline price was just above the psychologically significant $4-per-gallon mark on Monday.

Oil may move through the Strait of Hormuz first, leaving fertilizer supplies stranded

The interim peace agreement between the U.S. and Iran seems to be doing little to answer some of the thornier questions about the Strait of Hormuz, including how much longer it…

Yum Brands sells Pizza Hut to private equity firm LongRange Capital and Yum China for $2.7 billion

Yum Brands is selling Pizza Hut, capping off years of struggles for the pizza chain.

Trump says Syria should fight Hizbollah instead of Israel

US president says he is ‘not happy’ with Israeli military campaign against Lebanese militant group

The AI ‘bottleneck trade’ has run its course, says this hedge-fund manager and early SpaceX investor

One hot AI trade that is starting to wind down is the “bottleneck trade,” says Altreides Management managing partner Gavin Baker

FT Alphaville’s AI Prediction World Cup

Look, it’s content OK?

Chip index’s climb is giving fund managers a fear of heights, Bank of America finds

Despite some warning signals from inflation and the direction of travel for Kevin Warsh, fund managers seem reluctant to reduce exposure but Michsael Hartnett expects some chips…

SpaceX set to overtake Amazon as the fifth-largest company in the world. Now it’s closing in on Microsoft.

The Elon Musk-led company announced that it plans to follow through on an option that allows it to purchase AI startup Cursor.

Micron and Sandisk shares are phenomenally ‘overbought.’ Are memory stocks flying too close to the sun?

Booming AI demand has sent Micron and Sandisk shares far into overbought territory, but historic hardware backlogs are sustaining a rally.

A veteran investor is kicking Tesla out of the ‘Magnificent Seven’ — replacing it with this tech giant

T. Rowe Price fund manager David Giroux says Big Tech isn’t in a bubble, but there’s value in healthcare and utilities.

Iran’s government thinks it has won the war

The Islamic republic faced devastating losses during the conflict, but the regime has gained in confidence

‘We own our home outright’: I am 67 and earn $100,000. Do I take my $30,000 Social Security now or wait?

“We have combined savings of $950,000 in retirement plans, Roth IRAs and Treasuries.”

The peace deal is in the price: Goldman Sachs lowers its oil-price target to market levels

Risks to oil price assumptions in the event of a finalized peace deal are two-sided but the Goldman Sachs report notes that the global economy adjusted very flexibly to the…

Central banks repatriate gold as global insecurity rises

Conflict, sanctions and decline in trust have made the institutions more cautious about storing bullion in other countries

Bank of Japan raises rates to 1% for first time since 1995

Central bank says it will stop reducing level of monthly bond purchases from next year

Economists bet on higher rates as Kevin Warsh takes reins at the Fed

Former financier to chair meeting for first time with inflation well above the US central bank’s target

The human brain is not a machine

This common comparison invites us to see ourselves as sub-optimal alternatives to AI agents

JPMorgan plans Chase expansion into Europe’s largest markets

US lender eyes France, Spain and Italy as it aims to grow digital bank

Europe’s AI champion Mistral vulnerable to Russian disinformation, study finds

Open-source generative models are worse at removing false news than others, according to Estonian researchers

US-Iran deal must be ‘material’ for Strait of Hormuz to reopen, tanker giant warns

Mitsui OSK Lines boss cautions that fleet owners need to build confidence after months of conflict

Private equity bosses warn of AI threat to bets on law and accountancy

Buyout groups that have invested heavily in professional services face disruption from developing technology

The price of risk is falling in a more dangerous world

Capital is pouring into insurance because of high returns and low volatility. But some professionals are worried about mispricing

The world is more dangerous. Why is risk cheaper?

Capital is pouring into insurance because of high returns and low volatility. But some professionals are worried about mispricing

HR must manage AI bots as well as humans, says Accenture executive

Matt Prebble says businesses will be forced to rethink leadership models

The reclusive heirs in line for billions when Europe’s top tankmaker lists

Unlikely cast of characters who own half of KNDS set for a windfall as Berlin prepares to buy in at an up to €20bn valuation

OpenAI spending hit $34bn last year ahead of planned IPO

Audited figures reveal mounting costs from model development, infrastructure and rapid expansion

The biggest risk to your retirement isn’t a market crash — it’s a crisis you probably haven’t planned for

Health-related financial risks are the No. 1 threat to retirement security.

How to work in retirement without seeing your Social Security checks slashed

Claiming benefits before full retirement age while keeping a job can trigger unexpected withholdings — but the money isn’t lost forever.

Here’s when gas prices will come down if the U.S. deal to end the Iran war pans out

The average retail gasoline price was just above the psychologically significant $4-per-gallon mark on Monday.

Options traders are bracing for a very busy week, with June ‘triple witching’ and launch of SpaceX contracts on deck

Options traders are bracing for what could be a very busy few days as a number of potentially market-moving developments are being crammed into a shortened four-day trading week.

I’m 55 and earn $100,000. Should I take a $2,900 monthly pension — or $2,200 with 3% annual hikes?

“I plan to continue working until age 60.”

ConocoPhillips set to sign deal with Syria to revive gas production

Agreement will be first by a US energy major with Damascus as it aims to rebuild activity after years of civil war

Trump administration considers $300bn fund for Iran if deal is upheld

Incentives would be tied to Tehran’s ‘performance’ including over opening of the Strait of Hormuz and nuclear talks

Centene to offer buyouts to some employees as health insurer cuts costs

The health insurer Centene did not indicate to how many employees were offered buyouts or how much it is aiming to reduce its workforce.

SpaceX shares gain for second day after blockbuster debut

Elon Musk’s AI, satellite and rocket group climbs 19.6% further on Monday

SpaceX’s stock jumps as the company reveals its IPO has raised another $10.7 billion

Underwriters on the already record-breaking IPO exercised the option to buy another 83 million shares.

Gavin Newsom says Trump has ordered justice department to investigate him

California governor is considered a potential Democratic presidential candidate for 2028

All eyes are now on the bond market as oil prices fall. Will the Fed hike rates?

The $30 trillion Treasury market is taking a wait-and-see approach to the U.S.-Iran peace framework deal and to Kevin Warsh’s first meeting as Federal Reserve chair.

Netanyahu faces domestic backlash over US-Iran agreement

Prime minister launches a fierce defence of his wartime policies, insisting the strikes on Iran had been a success

Netanyahu faces domestic backlash over US-Iran deal

Prime minister launches a fierce defence of his wartime policies, insisting the strikes on Iran had been a success

Average US petrol price falls below $4 on deal to reopen Strait of Hormuz

As cost at the pump declines to nearly two-month low, analysts warn risk of a surge ‘has not completely disappeared’

It could take years for oil prices to return to $67 a barrel. Here’s why.

The U.S. and Iran have reached a tentative deal to extend their ceasefire by 60 days and reopen the Strait of Hormuz, but it will take an excess of global crude supplies and lower…

How the US-Iran deal came together

Mediators spent weeks working on a plan to bridge nearly half a century of hostility between Washington and Tehran

Social Security’s woes are well known, but Medicare is also facing a fiscal crisis — in just 7 years

Medicare Part A, which pays for inpatient hospital stays, would see an 11% payment cut.