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Malaysia’s Comeback Is Built on Stability, Not Spectacle
Malaysia is enjoying a comeback that’s enhanced by the hard times visited upon neighbors. The economy, which once epitomized Southeast Asia’s breakneck growth a...
Markets
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Lazard Undercuts Rival Centerview in Battle for Venezuela Deal
Investment bank Lazard Inc. is making a late bid to dislodge rival Centerview Partners as Venezuela’s financial adviser, offering to oversee one of the largest-...
IDC, Vision Near Deal to Save Century-Old African Sugar Mills
Tycoon-backed Vision Group is in talks with South Africa’s Industrial Development Corp. to take an equity stake in sugar refiner Tongaat Hulett in exchange for...
Equity Funding Squeeze Driven By AI Rally, SpaceX IPO Stretches Banks
The cost to fund US equity positions is surging unexpectedly, as a combination of the AI-driven stock rally, the massive growth of leveraged ETFs and SpaceX’s $...
Diverging Rate Paths Force Reshuffle in Emerging-Market Bets
A growing divergence in interest-rate outlooks is forcing emerging-market investors to reshuffle bets. Within the past week, Indonesia’s central bank delivered...
Finance
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Fed and BOE Stay Guarded After 100 Days of Iran War
For several global central banks, the question of whether the Iran war poses more of an immediate danger to inflation or to growth is likely to remain open in t...
Warsh Caught Between Trump and Bond Market Betting on Rate Hikes
Just three weeks into the job, Federal Reserve Chairman Kevin Warsh is already facing an unusually high-stakes test. Inflation is roaring back at the fastest pa...
Billionaire Partners Group Founder Moves to Split Family Office
Urs Wietlisbach, one of the three billionaire founders at Swiss private equity firm Partners Group Holding AG, is carving out an independent unit within the fam...
Allianz Said to Lead Bidding for HSBC’s Singapore Insurance Unit
Allianz SE has emerged as the frontrunner to acquire HSBC Holdings Plc’s Singapore insurance unit, according to people familiar with the matter. The German insu...
Economics
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Malaysia’s Comeback Is Built on Stability, Not Spectacle
Malaysia is enjoying a comeback that’s enhanced by the hard times visited upon neighbors. The economy, which once epitomized Southeast Asia’s breakneck growth a...
Iran Pushes Differing Deal Versions as US Sticks to Timeline
Iran circulated competing versions of a proposed interim agreement with the US, even as President Donald Trump stuck to his Sunday timeline to sign a deal. All...
Carney Says Anthropic Ban Shows Risk of Relying on Big AI Models
Prime Minister Mark Carney said the US export ban blocking all foreign access to Anthropic PBC’s latest artificial intelligence models underscores the risk of d...
Trump Speaks With Putin, Zelenskyy Even as Peace Talks on Hold
Russian President Vladimir Putin and Donald Trump held a “friendly and frank” phone call on the US president’s birthday, the Kremlin said. Ukrainian President V...
Industries
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Spielberg’s ‘Disclosure Day’ Leads Box Office With $44 Million
Steven Spielberg’s Disclosure Day , released by Comcast Corp.’s Universal Pictures, was the highest grossing film at the US and Canada box office with $44 milli...
Japan’s Takaichi Hails UK Defense Ties Despite Jet Uncertainty
Japanese Prime Minister Sanae Takaichi hailed increasing defense cooperation with the UK during a meeting with her British counterpart Keir Starmer on Sunday, e...
UK, Japan Plan to Sign £18 Billion Clean Energy Investment Deal
The UK and Japan are expected to agree on an £18 billion ($24.1 billion) deal that they predict will create new jobs in the offshore wind, infrastructure and fi...
Venezuela, Argentina’s Impsa Sign Deal to Work on Power Grid
Venezuela signed an agreement with Argentina’s Impsa SA to complete work at the long-stalled Tocoma hydroelectric dam and help restore the country’s deteriorati...
Technology
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Crypto Token’s 50% Wipeout Shows Magnitude of AI-Hacking Threat
When Eli Ben-Sasson helped create the Zcash cryptocurrency nearly a decade ago, the cryptographer worried about human adversaries. He didn’t expect that machine...
AI Turns Coders, Lawyers and Analysts Into Ghosts of London’s Past
Search for “finance analyst” and you’re likely to find around 80 vacancies in London, according to a prominent recruitment website. If that seems like a surpris...
Spielberg’s New Alien Movie Asks: Who Gets to Decide the Truth?
Disclosure Day explores questions of truth and trust as government document drops and AI reshape how Americans think about the unexplained. By Sarah Rappaport |...
Air India Crash Report Delayed as Investigation Continues
Sign up for the daily India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses beh...
Politics
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Senator McConnell Hospitalized for Second Time This Year
Senator Mitch McConnell, the longest-serving Senate Republican leader, was admitted to a hospital Sunday morning, his spokesperson said. Spokesperson David Popp...
Switzerland Rejects Proposal to Cap Population at 10 Million
Switzerland rejected a proposal to cap its population at 10 million people, as warnings about economic damage if the radical measure was introduced outweighed c...
Trump Hosts Brutal UFC Fights at White House for 80th Birthday
Donald Trump will head to France for what will likely be contentious discussions with world leaders this week, but first he’ll celebrate his 80th birthday by wa...
Italy’s Far-Right Group Becomes Party in Fresh Threat to Meloni
Futuro Nazionale, the far-right movement that’s drawn lawmakers away from Italian Prime Minister Giorgia Meloni’s coalition, has formally become a party, now po...
Opinion
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Don’t Let Wall Street Crush Japan’s Soft Power
Would you pay 99 cents to make Super Mario jump higher? In an infamous 2014 letter to Nintendo Co., activist fund Oasis Management Co. proposed that the company...
This Race Is Testing Whether Democrats Can Face Their Problems
Representative Seth Moulton’s primary challenge to Massachusetts Senator Ed Markey hasn’t attracted as much national attention as the Democratic firefights over...
Giving Trump $70 Billion for ICE Is a Time Bomb for Republicans
It was a year ago this month that President Donald Trump gave many Americans their first glimpse of his long-promised campaign of mass deportations. He deployed...
Phone-Free Concerts Can Restore the Power of Live Music
Artists on tour tend to follow a basic principle: the flashier the concert, the better. And with good reason. As ticket costs skyrocket — reaching an average of...
Fixed Income
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Israel Bombs Beirut Citing Hezbollah Drones as US-Iran Near Deal
Israel bombed Lebanon’s capital in what it said was retaliation for drone incursions by Hezbollah, escalating tensions as the US and the militia’s patron Iran n...
JBS to Close Pennsylvania Beef Plant Amid Cattle Shortage
JBS NV is closing a beef plant in Pennsylvania, in the latest sign of pressures meatpackers are facing amid a severe US cattle shortage. In addition to the beef...
Investors Bet ECB Will Pivot to Rate Cuts on Slowing Growth
A day after the European Central Bank’s first interest-rate increase in three years, some of the world’s biggest banks and asset managers are positioning for it...
Rates Markets ‘Fairly Pricing’ Fed Path, Goldman Trader Says
A rates-product executive at Goldman Sachs Group Inc. said traders are positioned correctly for the Federal Reserve to raise interest rates to combat a surge in...
Stocks
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There’s a Bug in the Gold Trade as Miners Move Like Meme Stocks
Brian Laks has been investing in gold stocks for over a decade. To the deep-value investor, they serve as a hedge against volatility in the rest of his portfoli...
Space Stocks Tumble as Investors Race Toward Musk’s IPO
SpaceX’s long-awaited initial public offering triggered a selloff Friday in the shares of other rocket, satellite and space-related companies. Since news of the...
Korean Stocks Jump as Iran Deal Hopes Spark Chip Stock Rally
South Korean stocks jumped as investors piled back into the country’s chipmakers after President Donald Trump signaled a potential deal with Iran, boosting risk...
Japan’s Stocks Rise as Trump’s Iran Deal Comments Lift Sentiment
Japanese equities rallied after US President Donald Trump signaled
· the US is close to signing a deal with Iran, fueling expectations that the Middle East...
AI
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Tesla Holder Merz Sits Out SpaceX IPO in Bet on Musk Merger Bid
Alexandra Merz, a longtime Tesla Inc. investor, said she deliberately avoided buying shares in SpaceX’s initial public offering because she expects Elon Musk to...
SpaceX Shares Jump in First Day Following Record $75 Billion IPO
Shares of SpaceX climbed in their first day of trading on Friday following a $75 billion IPO that smashed records and instantly turned the crown jewel of Elon M...
SpaceX’s Record IPO Is Said to Draw Over $350 Billion in Demand
SpaceX’s historic $75 billion IPO drew more than $350 billion in demand from institutions and retail investors, according to people familiar with the matter. Th...
Chinese Chipmaker MetaX Plans Hong Kong Listing to Seize on Boom
MetaX Integrated Circuits Shanghai Co. plans to list shares in Hong Kong to capture the boom in chip stocks after a blockbuster initial public offering in mainl...
Businessweek
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Ice Cream Not Decadent Enough for You? Dip It in Butter
Butter-dipped soft serve hits all the viral notes: It’s tasty, shocking and an “affordable luxury.” By Ilena Peng | Updated on Jun 11, 2026 at 03:00 PM A New Y...
El Niño Slams Into a Global Economy Unprepared for More Chaos
Scientists warn a blockbuster weather event risks pushing costs higher for everything from building materials to groceries. By Lauren Rosenthal | Updated on Jun...
The Latest Snack Innovations Are Basically Just Creamsicles and Chex Mix
Companies are pushing creamsicle flavored drinks, s’mores cookies and sauce flavored chips. By Deena Shanker | Updated on Jun 10, 2026 at 01:00 PM By now we’ve...
CityLab
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Uber Rider Describes Palisades Fire Suspect’s ‘Incel Energy’
An Uber passenger driven by the man accused of sparking the massive 2025 Palisades Fire in Los Angeles said Jonathan Rinderknecht exhibited disturbing behavior...
ChatGPT Pushed Back on LA Fire Suspect’s Vision of Burning City
The man accused of setting the massive Palisades Fire in Los Angeles repeatedly asked ChatGPT to create images of a city engulfed in flames and floods, and curs...
The US Is Building More Housing Near Transit, But Not Nearly Enough
Since the 1980s, many cities have embraced transit-oriented development policies to encourage more walkable neighborhoods. A new analysis shows how far they’ve...
Youth Sports Boom Brings Scramble for Places to Play
As cities partner with developers to build new coaching and competition facilities for kids’ leagues, public options for outdoor recreation feel the strain. By...
Crypto
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‘Manic Impulsiveness’ Drives SpaceX-Fueled Retail Risk Complex
Wall Street just spent the week ricocheting between the macro and the mania. Investors digested mixed inflation data, positive developments in the Middle East c...
Stocks Climb on US-Iran Optimism as SpaceX Debuts: Markets Wrap
Hopes for a diplomatic breakthrough that would end the war in Iran extended a slide in oil prices while lifting stocks, with Wall Street’s enthusiasm also fuele...
World Cup’s $10 Billion Betting Boom Fuels Market ‘Gamification’
The World Cup is expected to be the biggest sporting event on the planet. It may also become the industry’s biggest chance yet to turn a global sporting spectac...
Sam Bankman-Fried Loses Appeal of Conviction for FTX Fraud
FTX co-founder Sam Bankman-Fried lost his bid to overturn his fraud conviction and 25-year prison sentence, with a federal appeals court rejecting his claims of...
Equality
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As SpaceX Makes Musk Trillionaire, Some Dissent on NYC’s Streets
In New York City, the heart of financial capitalism, there were plenty of signs of excitement
· about SpaceX’s IPO, which set off a feeding frenzy on Wall S...
US Workers’ Health Insurance Costs Set to Rise, Survey Finds
Employers say higher prices are forcing them to raise premiums. Some will also stop covering GLP-1s. By Taylor Nicole Rogers | Updated on Jun 11, 2026 at 02:00...
Former xAI Staffer Says He Was Fired for Questioning Grok Safety
A former artificial intelligence engineer at Elon Musk’s xAI is suing the company, alleging that he was wrongfully fired for raising concerns about the safety o...
Bill Gates Tells Congress Epstein Ties Were ‘Grave Error’
Microsoft Corp. co-founder Bill Gates told a House panel investigating the late financier Jeffrey Epstein that his meetings with the sex offender were “a grave...
Green
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Brazil’s Development Bank Will Make New Loans to Companies Restoring Native Forests
The loans totaling $164 million are intended to spur private investment in conservation. By Fabiano Maisonnave | Updated on Jun 12, 2026 at 04:50 PM Brazil’s d...
Wind Groups Fight Pentagon Project Halt With Billions Risked
Renewable energy groups asked a federal judge to order the US Defense Department to lift its freeze on approvals of wind energy projects that has threatened bil...
Why Your Summer Tomatoes Cost So Much
Prices are soaring after crop losses in Mexico and Florida, offering a glimpse of how climate disruptions could make food inflation longer lasting. By Emma Cour...
Scientists Urge Countries to Look Beyond CO2 to Tackle Warming
While carbon dioxide and methane are responsible for the majority of climate change, “indirect” greenhouse gases play a larger role than previously understood....
Management & Work
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Anthropic CEO Dario Amodei Has Only One Direct Report
One of the most powerful AI chief executives has almost no direct reports at a moment when other tech leaders are widening their spans of control. By Jo Constan...
Tata Boss Predicts AI Agents Will Replace Half Its Tech Jobs
Sign up for the daily India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses beh...
Trump’s $100,000 H-1B Visa Application Fee Rejected by Judge
A federal judge struck down a $100,000 fee President Donald Trump ordered for H-1B visa applications, providing a reprieve for US technology companies that rely...
Money
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'Knicks in Five' Is Crashing New York City Weddings This Weekend
The most important detail at Victoria Perry’s traditional Greek Orthodox wedding this weekend is a very big television. On the same night as her long-planned nu...
S&P 500 Climbs as SpaceX Gains, Hopes Build for Iran Peace Deal
Stocks rose as SpaceX advanced in its first day of trading, while investors monitored a potential interim peace deal in the Iran conflict. The S&P 500 Index cli...
Musk Trillionaire Status Stokes Democrats’ Tax-the-Rich Push
Democratic lawmakers seized on Elon Musk’s new status as the world’s first trillionaire to renew calls for a wealth tax on the richest Americans as affordabilit...
Rhode Island Joins Tax-the-Rich Push With New Millionaire Levy
Rhode Island joined the growing ranks of states with a millionaire tax, moving to shore up its budget in spite of warnings that the departure of even a few weal...
Pursuits
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Hong Kong’s Nam Kee Has Cheap, No-Frills Noodles That Are Unforgettable
In her first trip back to Hong Kong, Tracy Alloway makes a beeline for the ubiquitous noodle chain. By Tracy Alloway | Updated on Jun 13, 2026 at 01:00 AM We s...
Father’s Day Gift Guide: Get Dad Something He’ll Use Every Day
These gifts for us dads may not be the most glamorous — but most days, neither are we. Inspired by the requests of real fathers, here are some tools and treats...
Chinese Diners Will Wait Five Hours for This Conveyor-Belt Sushi
Restaurant chain Sushiro has won the hearts of Gen Z consumers across China, driving its parent company’s stock price to new highs. By Julia Zhong and Eru Ishik...
World
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SpaceX and the Largest IPO in History
On today’s Big Take: How SpaceX became the biggest IPO ever, who’s getting shares and what its eye-popping valuation means for financial markets and the future...
Want to See the World Cup Final? That’ll Be $10,000
On today’s Big Take podcast: How a new ticket pricing model and a bigger-than-ever tournament could bring huge profits for FIFA and headaches for fans. By David...
From California to Maine: Unpacking the Races That Will Shape the Midterms
On today’s Big Take podcast, what’s at stake for both parties as midterm primary season ramps up. By Julia Press and Sarah Holder | Updated on Jun 08, 2026 at 1...