The world in a glance.

Apple CEO Tim Cook to step down after overseeing 1,900% stock surge. His successor faces big challenges.

John Ternus is expected to usher in a renewed focus on hardware as Apple positions itself for the age of AI.

Anthropic and Amazon agree $100bn AI infrastructure deal

Start-up behind Claude tool seeks to bulk up on chips and computing power after suffering outages this year

Ex-Foreign Office head to accuse Number 10 of pressuring him over Mandelson appointment

Sir Olly Robbins to tell MPs about vetting of Labour grandee who briefly served as ambassador to US

Apple CEO Tim Cook to step down after overseeing 1,900% stock surge. His successor faces big challenges.

John Ternus is expected to usher in a renewed focus on hardware as Apple positions itself for the age of AI.

This AI power company ousted its CEO. Why that could help it sign up its first customer.

Shares of Fermi, which was co-founded by Rick Perry, a former U.S. secretary of energy, were tumbling Monday after the surprise disclosure that its CEO was giving up that role.…

AST SpaceMobile’s stock falls after failure of Jeff Bezos-backed satellite launch

Blue Origin successfully launched AST SpaceMobile’s satellite to orbit, but it was at the wrong altitude.

Why Cadence’s ‘ChatGPT moment’ may have already arrived

The rise of agentic AI tools should drive more demand for the company’s electronic design automation systems, an analyst says

Apple CEO Tim Cook to hand over to John Ternus in September

Head of hardware to become next chief executive while Cook will become chair of the iPhone maker

How Trump's psychedelics executive order could unlock stalled cannabis reform

The White House psychedelics executive order accelerates research, clinical trials and "Right to Try" access for drugs like psilocybin, MDMA and ibogaine.

American corporate profits keep shrugging off global tumult

Earnings expectations are through the roof

‘Some stocks have risen, but others have flopped’: I will soon inherit my parents’ $1.5 million estate. Do I fire the adviser who charges a 3% fee?

“This broker does not achieve returns better than the S&P 500.”

Starmer accused of scapegoating officials over Mandelson scandal

UK prime minister fends off calls to quit in chastening House of Commons debate

Jersey Mike’s could be one of the biggest restaurant IPOs during a tough time for the sector

The sandwich shop has confidentially filed for an IPO, even as fast-food and sit-down chains are stuck in a discount war to win over inflation-fatigued consumers.

Kevin Warsh to say Fed independence not threatened by political pressure

Donald Trump’s pick for chair will tell powerful Senate committee that central bank must ‘stay in its lane’

The Mandelson fiasco reveals the true nature of Starmerism

This is a prime minister who does not understand the difficult trade-offs involved in governing

US oil refiners reap windfall from Iran war

Soaring fuel prices and access to cheap North American crude oil put American refiners in pole position

Trump’s social media posts have transformed oil trading, says Citadel

Hedge fund’s commodities head says traders are struggling to adjust to volatility sparked by president’s frequent messages

Kevin Warsh’s testimony to Congress is out early. He wants the Fed to ‘stay in its lane.’

Kevin Warsh, President Trump’s nominee to chair the Federal Reserve, will tell Congress that he wants the central bank to “stay in its lane” and focus on its task of fighting…

‘I hope to retire at 59’: I have $950,000 in my 401(k)s. When do I do a Roth conversion?

Roth conversions are permanent. Once done, they cannot be undone.

Rivian's factory damaged by tornado amid crucial R2 EV launch

Rivian's factory damaged by tornado amid crucial R2 EV launch

Heathrow can raise ticket prices to help pay for third runway bid, regulator says

Civil Aviation Authority’s draft decision comes despite criticism from carriers over airport’s expansion project

Bonds could lag stocks for the rest of 2026, according to this contrarian signal

Record bond-fund inflows are a warning sign that lower returns are ahead.

Sandwich chain Jersey Mike's confidentially files for IPO

Blackstone bought a majority stake in the sandwich chain in 2024 in a deal that valued the company at roughly $8 billion.

Gaza reconstruction to cost more than $70bn, officials say

First damage assessment since US-backed ceasefire comes as progress on peace plan stalls during Iran war

Reform UK vows to deport hundreds of thousands of refugees

Nigel Farage’s party has looked to Donald Trump’s immigration crackdown as a model

One company is responsible for half of S&P 500 earnings revisions since Iran war’s start

Talk about a narrow foundation: one company is responsible for half of the increase in S&P 500 earnings expectations since the Iran war started.

Miliband to unveil move to delink UK gas and electricity prices

Energy secretary’s push comes as Iran war threatens Labour pledge to cut heating bills

The Iran crisis has not yet peaked

The war is currently more likely to escalate than to be resolved by negotiation

Japan downgrades tsunami warning after strong earthquake

No reports of major damage from waves that hit north-eastern coastline after magnitude 7.4 tremor

SocGen benchmarked the Iran war to every crisis since 1956. Here’s when oil prices return to normal.

Analysts at Societe Generale forecast full normalization to occur toward the end of the year

Why a $33 billion stock market buying spree is now winding down

Goldman has been warning that the latest leg higher for stocks is “a bit much,” and that a big wave of buying could be about to slow.

Why the hidden mechanics behind the market’s record run may no longer be helping stocks

Frantic option action has supported equities

Reform UK says it will deport at least 200,000 refugees

Nigel Farage’s party has looked to Donald Trump’s immigration crackdown as a model

Oil futures climb after Strait of Hormuz closed again as peace talks thrown into uncertainty

West Texas Intermediate and Brent crude have risen to levels reached before Friday after the shipping route was shut again

Japan issues tsunami warning after major earthquake

Warning for wave up to 3 metres high on north-eastern coast

American Airlines says it’s not interested in merging with United. One analyst sees consolidation elsewhere.

American Airlines late Friday took the unusual step of rebuffing a merger before it was even made.

The narrow foundations of the current rally — one company is responsible for half of S&P 500 earnings revisions

Talk about a narrow foundation: one company is responsible for half of the increase in S&P 500 earnings expectations since the Iran war started.

‘Highly unlikely’ Iran ceasefire will be extended if no deal reached, Trump says

US delegation expected to leave ‘soon’ for Pakistan peace talks even as Tehran’s attendance remains unclear

Oil rebounds as Iran threatens to retaliate for US attack on cargo ship

Hopes for peace deal fade amid uncertainty over possible talks in Pakistan this week

Tariff refunds are coming: Here’s who will get them first

Tariff refunds have been in the works for about two months, following a Supreme Court decision.

Starmer battles for Downing Street future amid Mandelson vetting scandal

Prime minister’s statement to MPs will come ahead of testimony from sacked Foreign Office head Olly Robbins

Russian economy is faltering despite oil windfall, Sweden warns

Stockholm’s military intelligence head says Moscow is manipulating data to make its economy look better

AI boom poised to be ‘massively disinflationary’, Northern Trust says

Head of financial services group’s $1.4tn asset management division expects new tech to unleash huge productivity gains

FTSE bosses receive 18% pay bump this year in global fight for talent

Companies are also watering down ESG elements of pay plans as boards reassess whether such awards ‘make sense’

Defence spending is ‘magnet’ for criminals, warns EU fraud chief

Huge sums being invested in European rearmament are attracting fraudsters, says agency head Petr Klement

Out of office, still hyper-responsive

Once established by professional training, the addictive pull of screens, newsfeeds and email replies is impossible to shake

The return of the e-merging markets

For now South Korea and Taiwan are the biggest beneficiaries of the AI wave

Kevin Warsh: Trump’s next fall guy at the Fed?

The nominee to lead the world’s most powerful central bank wants big changes. But there’s risk of confrontation with the president over interest rates

U.S. stock futures tumble, oil surges as this weekend’s Iran developments rekindle uncertainty

After a three-week-long rally that’s brought the S&P 500 to new record highs, investors are again bracing for uncertainty following a whirlwind of weekend developments…

US navy seizes Iranian ship after it breaches blockade

Oil price jumps as Washington and Tehran give conflicting accounts of whether new peace talks are set to begin