Key Points In the wake of the record-setting initial public offering of Space Exploration Technologies (NASDAQ: SPCX), widely known as SpaceX, Elon Musk just officially became the world’s first trillionaire. Forbes, which tracks these things, puts his current net worth at $1.3 trillion. So, where does he store all that money? Little of it is…
New Delhi: On Wednesday Donald Trump signed the framework for a peace deal with Iran, an agreement to end a war the US and Israel began in February 28. Based on Pentagon estimates, the war has cost the US $111 billion, most spent on missiles. A week before that the president signed an order to…
At a recent meeting in the Netherlands, a civil servant sought to reassure journalists and activists that an upcoming, EU-mandated digital identification app would be perfectly safe. “Unless,” he said, “Google or Apple collude with that man in the White House.” The remark to a conference centre in Utrecht might have been intended as a…
Hong Kong has ranked as the second-most globally competitive economy – its best performance in seven years – climbing one spot from last year to place behind Singapore. The ranking, released by the Switzerland-based International Institute for Management Development (IMD) on Thursday, put the city ahead of 68 other economies out of 70 surveyed. Hong…
The valuations on the world’s largest companies — mostly tech names — look goofy if you zoom out and compare them to other assets. That’s exactly what the team at the Kobeissi Letter did, offering up these stunning notes: The top 10 US stocks now have a combined market cap of $25.3 trillion. If the…
Durham, UK: Deep in the Atlantic, a vast circulation of water carries heat from the tropics towards Greenland. This is the Atlantic meridional overturning circulation, or Amoc. It does this work largely out of sight, so doesn’t have the public profile of rainforests, polar ice caps or other huge climate-regulating systems. Recent studies suggest it…
1 Bayern Munich trio Harry Kane, Michael Olise and Luis Díaz registered 170 goal contributions across all competitions in 2025/26, and now the formidable attacking trio are setting the international stage alight. France’s Olise was the first in action as Didier Deschamps’ side overcame an impressive Senegal. The 24-year-old registered an assist but also created…
Jeff Bezos stood in Paris and told an audience that artificial intelligence will not replace human workers. Instead, it will create a labour shortage. People have endless things they want to build and create. AI will lower the barriers to doing so. The result will be more work than before, not less. Half of American…
By Yimou Lee and Ben Blanchard TAIPEI, June 18 (Reuters) – Taiwan safeguarding its own security and refusing rule by China’s Communist Party should not be seen as a provocation, President Lai Ching-te said on Thursday, adding he hoped a new U.S. arms sale package can be approved soon. Democratically governed Taiwan is viewed by…
Key takeaways The Federal Reserve delivered a hawkish hold and signalled a major policy regime shift. While rates remained unchanged at 3.50%-3.75%, Chair Kevin Warsh abolished traditional forward guidance, reinforcing a data-dependent approach and increasing the likelihood of higher market volatility. Higher-for-longer interest rate expectations pressured risk assets. The S&P 500 fell 1.2%, the Nasdaq…