The world in a glance.

‘I am the trustee’: My mother set up a trust for my sibling who stole $100,000 from a bank. Can the trust be seized?

“Felony charges are pending.”

‘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.

Mandelson vetting scandal shows Starmer isn’t up to the job

Something has gone badly wrong in communication between Downing Street and government departments

Starmer battles calls to resign over Mandelson vetting

Conservatives refuse to accept prime minister’s move to shift blame by sacking top Foreign Office official

Former Treasury Secretary Henry Paulson warns U.S. needs an emergency ‘break-the-glass’ plan if Treasury demand collapses

Former Treasury Secretary Henry Paulson on Thursday urged U.S. policymakers to prepare an emergency plan in case demand for Treasurys breaks down — warning that a crisis in the…

Jury finds that Live Nation is an illegal monopoly, but a breakup with Ticketmaster is unlikely, analysts say

Some analysts say the most likely outcome for Live Nation would be more damages and penalties. Shares of the concert-ticketing giant rose on Thursday after falling a day earlier.

Latest AI models could threaten world banking system, financial officials warn

Anthropic’s new Claude Mythos Preview model could expose vulnerabilities in lenders’ cyber defences

Wall Street banks start trading derivatives to bet on pain in private credit

JPMorgan and Barclays are among those offering CDS on Apollo, Ares and Blackstone funds

Macron and Starmer to hold summit on plan to secure Strait of Hormuz

French and UK leaders are expected to brief Donald Trump after meeting on Friday

Welcome to the age of hoarding

As global economic uncertainty mounts, stockpiling is back

Data centre delays threaten to choke AI expansion

Almost 40% of such builds in US risk hold-ups, including projects tied to Microsoft and OpenAI

The white-collar defence lawyers with nothing to do

The Trump administration’s approach to justice has made life quieter for those who defend alleged financial criminals

Trump says Iran war ‘should be ending pretty soon’ as Lebanon ceasefire begins

President says US-Iran talks could be held this weekend

Trump says Iran war should end ‘pretty soon’ as Lebanon truce begins

President says US-Iran talks could be held this weekend

2 expensive mistakes most retirees make — and how to avoid them

“We call them ‘King Tut’ subjects — they’re buried with their gold.”

Netflix co-founder Reed Hastings to exit company, saying it’s so strong it doesn’t need him anymore

The announcement came as Netflix reported first-quarter profits that shattered expectations, which it attributed in large part to faster-than-forecast subscriber growth, a recent…

Netflix founder Reed Hastings to step down from board

Shares fall more than 9% as streamer posts weak profit forecast and chair announces plans to leave in June

Mutual insurance companies are paying record-breaking dividends to their customers this year. Is using one right for you?

While most carriers pocket your premiums, mutual-insurance companies are owned by their customers.

With the largest industrial IPO since 1999, this air-quality giant’s stock opens with a bang

Madison Air raises $2.2 billion in the largest IPO this year, and the largest from the industrial sector since 1999.

Pepsi says price cuts and wellness push are bringing back customers — and the stock surges

PepsiCo shares rallied Thursday after the beverage and snack giant indicated that new products and recent price cuts had brought back wary customers, while noting that it hadn’t…

Jury finds that Live Nation is an illegal monopoly, but a breakup with Ticketmaster is unlikely, analysts say

Some analysts say the most likely outcome for Live Nation would be more damages and penalties. Shares of the concert-ticketing giant rose on Thursday after falling a day earlier.

Microsoft’s stock sees its best four-day stretch in six years — with an extreme bounce

The extent of Microsoft’s recent stock gains, relative to what the options market was pricing, is something that “should only happen about one out of every hundred weeks,” analyst…

Trump nominates Erica Schwartz as CDC director amid turmoil around leadership, vaccine policy

The CDC has been going through turmoil and several leadership shakeups under HHS Secretary Robert F. Kennedy Jr.

RFK Jr.'s peptide policy could boost Hims & Hers as its GLP-1 business evolves

Hims may have a chance to grow peptides business as a potential revenue driver, with FDA review in 2026 shaping the opportunity.

Netflix stock falls after company reports earnings, announces Reed Hastings will step down as chairman

Netflix's latest earnings report comes months after the streaming giant dropped its pursuit of WBD's assets.

Netflix founder Reed Hastings to step down from board

Chair to depart as streamer reports profit boost from $2.8bn termination fee after Warner Bros bidding war

Israel agrees to halt its war with Hizbollah in Lebanon

Ceasefire could increase the chance of securing a permanent end to conflict between the US and Iran

Stocks usually take the escalator up and the elevator down. In this latest rebound, it is happening in reverse.

What had been a slow grind lower since the S&P 500’s January peak was completely erased in the span of just a couple of weeks.

Senate Democrats raise alarm over Kevin Warsh’s $100mn of ‘undisclosed’ assets

Criticism of Fed chair nominee’s financial holdings will further complicate next week’s confirmation hearings

US oil bosses warn Trump to stand firm against Iran’s Hormuz toll

Executives step up lobbying to convince White House that Tehran controlling the strategic waterway sets dangerous precedent

Trump says next round of US-Iran talks could happen over weekend

The president said that an extension of the ceasefire between Washington and Tehran probably would not be necessary

This ‘hidden’ price of oil is at record highs — and it’ll hit your electric bill next

Investors are betting on peace — but they’re not looking at the whole picture.

Spirit Airlines could liquidate as early as this week, sources say

The carrier is facing the added challenge of a spike in the price of fuel. Fuel is airlines' biggest expense after labor.

UK firms ‘should be worried’ about Anthropic’s latest AI model, minister says

Kanishka Narayan says Britain needs to ‘make most of opportunities’ as government launches £500mn unit

AMD has ‘indispensable assets’ — powering the stock toward its best run in two decades

AMD’s business of selling server CPUs has renewed shine in the eyes of investors.

‘Felony charges are pending’: My mother set up a trust for my sibling who stole $100,000 from a bank. Can the trust be seized?

“Mom established a trust for one sibling who was not trustworthy. I am the trustee of my sibling’s trust.”

Intel’s stock has been ‘absolutely on fire.’ Now it needs to deliver on the hype.

The chip maker’s stock has surged on good news, but one analyst is still worried about the company’s fundamentals.

You’re feeling the pinch at the gas pump. Wait until the electric bill comes.

While futures markets bet on peace, the ‘hidden’ price of physical oil is at record highs — and it’ll hit your utility bill next.

Elon Musk was pushed out at PayPal. Now he’s launching a rival that could ‘disrupt’ it.

Musk has a broader reach than PayPal, analysts say, and his X Money is offering a high 6% interest rate to attract users.

Israel and Lebanon agree ceasefire, Trump says

US president posts that 10-day truce will start on Thursday evening

Airline CEOs urged by lawmaker to lower fares if fuel prices come down

Airlines have raised airfare, fuel surcharges and baggage fees this year to help cover a surge in fuel costs since the Iran war started on Feb. 28.

IEA chief warns that Europe will run out of jet fuel in six weeks. Two carriers just cut flights from their schedules.

Lufthansa and KLM have both announced flight cuts for the summer season

Autoglass owner Belron prepares €30bn Amsterdam IPO

Listing for world’s largest car glass repair group would boost Europe’s lagging market

Why this market rally still has room to run — until these two signals flash

Nomura strategist Charlie McElligott says there’s no reason to abandon this market chase higher, but there may soon be.

Hims & Hers stock jumps as U.S. moves forward with plan to reassess popular peptides

Hims & Hers Health’s plan to enter the business of selling peptides is looking a lot more realistic.

Why foreign automakers dominate the sedan market

SUVs may have taken over America, but high prices and oversaturation are pushing some customers — and automakers — back to sedans.

Saylor’s Strategy on the cusp of being profitable on its bitcoin holdings again

Having weathered multiple storms since last October’s record high in bitcoin, Saylor’s Strategy briefly went back into the money this week

The great independence charade

Scottish and Welsh election results may reignite the debate but it is all one big pantomime

Retail investors missed the rally. Why strategist Tom Lee says they’ll lead the next one.

Fundstrat found that while retail investors sold aggressively as the market bottomed at the end of March, hedge funds were buying the dip

What’s really shocking about the second China shock?

While the Chinese export surge continues unabated, import volumes have been anaemic