The world in a glance.

Germany seeks Deutsche Börse exemption from EU supervision

Stock exchange would have option to remain under domestic authority as part of new EU markets regime

Macron and Trump test their bruised bromance at G7 summit

French president will host world leaders at Évian-les-Bains from Monday

Wall Street digests record fundraising haul as AI race intensifies

SpaceX, Anthropic and Alphabet financings highlight investors’ willingness to absorb a torrent of new issuance

Trump’s many unhappy returns

No kings. No The Rock. No gratitude.

China tees up digital payments system to compete with dollar

Beijing’s cross-border currency platform will be backed by central banks of Hong Kong, Thailand, UAE and Saudi Arabia

My plumber charged $160 to fix the cistern on my toilet — but created another problem. Do I pay again?

“The cistern on my toilet has been constantly refilling and making a hissing noise.”

‘I feel like he may be taking advantage of us’: Our adviser pushes annuities after we already said no. Do we fire him?

“I feel like he may be taking advantage of us.”

‘We are comfortable financially’: My husband is in his 60s and has $500,000 life insurance. Is this a good time to cancel?

“Our kids are grown and independent.”

Trump says US and Iran will sign deal on Sunday to reopen Strait

Tehran cautions that timing is unclear but Pakistan says agreement to extend ceasefire is close

Social Security is facing a 22% cliff — 4 ways to build an income stream Washington can’t touch

The countdown to insolvency is accelerating — and the rules of retirement planning just broke.

Worried about a lower Social Security benefit? How to calculate the exact impact it will have on your retirement.

If benefits go down 22% in 2032 as predicted by the latest Trustees report, you need to know what that means for you.

Millions of grandparents are spending their retirements raising their grandkids — and it’s taking a financial toll

Grandparent-headed households are more likely to live in poverty.

Social Security benefits and costs are perfectly reasonable — no case exists for massive cuts

It might be nice to reduce the large share of benefits going to high earners who retire later and live long lives.

Social Security insolvency is ‘entirely solvable,’ says commissioner under Biden

The solution is simple — but it won’t be easy.

Social Security’s COLA could be 4.7% in 2027 as inflation hits the highest level in 3 years

A total of 44% of older Americans depend on Social Security for all of their income, according to the Senior Citizens League.

The true national debt just hit $1 million per U.S. household

The effective U.S. national debt just crashed through $100 trillion for the first time in history, and now stands at an extraordinary 400% of annual gross domestic product — but…

My elderly mother and I own a home together. Will Medicaid force its sale?

“My sister thinks Medicaid will take the house my mom and I own together.”

SpaceX employees now have enough wealth on paper to buy every home in this Texas city

2025 set an all-time high for first-time buyers who used financial assets to buy a home or fund a down payment, according to the National Association of Realtors.

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.”

The rich keep spending money on ‘unapologetic luxury’ — and it’s raising prices on everyday goods for everyone

The wealthy are unfazed by inflation, and that could complicate the Fed’s ability to fight it.

Drugmakers race to find a place in the next wave of obesity drugs

Drugmakers are betting they can crack into the obesity drug market that Novo Nordisk and Eli Lilly currently dominate.

Rivian CEO taking different approach than Elon Musk for humanoid robotics company

Rivian CEO RJ Scaringe started a robotics company late last year called Mind Robotics that he says has has raised more than $1 billion.

Defaults in debt markets are starting again, warns Pimco. Here’s the bond giant’s game plan.

Investors should increasingly seek out fixed income to anchor portfolios as equity valuations look stretched, says Pimco.

Pakistan says US-Iran deal to be signed within 24 hours

Strait of Hormuz will be reopened as part of ceasefire extension, Prime Minister Shehbaz Sharif says

‘I feel like he may be taking advantage of us’: Our adviser pushes annuities after we already said no. Do we fire him?

“I feel like he may be taking advantage of us.”

‘It seems too good to be true’: At a steak-dinner retirement seminar, the guy said annuities can outperform the market. Is that true?

“He claimed that fixed-rate annuities are the sparkly, rainbow-fairyland of investments.”

My golf buddy worked as a financial adviser. Here’s how I knew his friendship was fake.

“He always mentioned how popular I was.”

How Wall Street pulled off the biggest IPO in history for SpaceX

Bankers convinced investors to believe in a sci-fi strategy, overlook steep losses and hand full control to Elon Musk

Investment firms join Donald Trump’s $100bn race for Venezuelan oil

Lionheart Capital and Keo Energy create Nasdaq-listed company to pursue assets in Latin American nation.

AI is disrupting investment

The technology is leading to a fundamental shift in the way investors allocate funds and diversify risks across every asset class

Goldman and JPMorgan ease office working rules to counter World Cup disruption

Wall Street lenders say employees can ask to work from home on match days to ease congestion in host cities

How AI is disrupting investment

The technology is leading to a fundamental shift in the way investors allocate funds and diversify risks across every asset class

How to tame the inflation python

A ‘wait and see’ monetary policy strategy risks repeating the mistakes made in 2008

AI is revolutionising the stock market

Big Tech no longer prints money; it needs it. What will that mean when confidence dips?

European tech sovereignty: a doubtful goal but a good investment

Given the continent’s weak starting point, its modest ambitions could have a big impact on local companies

Forget the football — Grand Theft Auto can unite the world

Thirteen years in the making, the game’s next instalment promises to be the biggest entertainment product in history

How to speak Fifa

A user’s guide to interpreting global football chief Gianni Infantino’s most inspirational thoughts

France opposes ‘anglicisation’ of EU trade talks

Trade commissioner argues translation into 24 languages slows down bloc’s ability to strike up deals

US kills leader of Venezuelan Tren de Aragua gang in air strike

Trump administration said it killed Héctor Guerrero in co-ordination with the government of Delcy Rodríguez

Anthropic suspends latest AI models after US blocks access to foreigners

Trump administration directs company to limit access to foreign nationals on national security grounds

This hidden investing flaw is costing you money. Talking to political opponents fixes it.

The stock market doesn’t care about your politics. Insisting on a portfolio that’s red or blue can forfeit a lot of green.

Paramount-WBD merger wins approval from DOJ

The DOJ approval is an important milestone for the roughly $110 billion deal, though it could still face legal challenges from state attorneys general.

‘This is not a flash in the pan’: Why value stocks are beating growth by such a wide margin

Value stocks are putting up big gains this year that widely surpass growth equities, with investors appearing optimistic about earnings growth broadening beyond technology.

How Elon Musk nailed the SpaceX IPO: ‘I’m not sure that this could have gone much better’

There were a lot of ways that SpaceX’s initial public offering could have gone wrong. Instead, the company bucked Wall Street norms, pulled off the biggest IPO ever and raised $75…

Paramount’s $111bn takeover of Warner Bros wins US antitrust approval

Deal is critical to David Ellison’s ambition to create new media empire

FIFA World Cup prize money: What each USMNT player stands to earn

Thanks to a landmark 2022 agreement, U.S. women’s soccer players will get part of the World Cup prize pool, too. Here’s how it works.

SpaceX’s surge on debut makes Musk world’s first trillionaire

Rocket and AI group’s shares jumped by nearly a fifth after raising $75bn in record initial public offering

Elon Musk becomes world's first trillionaire as SpaceX begins trading on the Nasdaq

Elon Musk's stake in SpaceX is worth more than $766 billion. Combined with his Tesla holdings, Musk's net worth as of Friday is roughly $1.05 trillion.

How to decide whether a major splurge — like spending thousands on Knicks or World Cup tickets — is worth it

Ask yourself these questions when considering an extravagant purchase.

‘I feel like he may be taking advantage of us’: Our adviser pushes annuities after we already said no. Do we fire him?

“I feel like he may be taking advantage of us.”