Why your finances are heading for a summer of uncertainty

A change of UK leadership, a new hawkish Fed chair and continuing concerns about the Middle East are worrying for investors

My moment on the Tour de France’s greatest stage

As cycling’s biggest race prepares to return — twice — to Alpe d’Huez, Simon Usborne joins a new trip that pays sweaty homage to its 21 celebrated hairpins

Apple seeks to buy memory chips from blacklisted Chinese company

iPhone maker wants Trump administration to sign off on purchases to ease pressure from rising semiconductor prices

SpaceX bonds sell off days after AI and rocket group’s $25bn debt deal

Yields move towards levels commonly associated with junk-rated companies

S&P 500 notches longest losing streak in 10 months as chipmakers slide

Software stock-led recovery proves fleeting as Wall Street’s main indices fall for fifth consecutive session

Donald Trump warns of 100% tariff on countries implementing digital services tax

US president says levy would supersede any trade deals Washington has with other capitals

What’s going on with SpaceX bonds?

SpaceX bonds are creating losses for the fast-money types who piled in at the offering. “Bond types either aren’t sure that SpaceX will hang on to its investment-grade credit ratings, or will only get involved if they get paid a fat risk premium for doing so,” the Financial Times explains. SpaceX stock is, as of this writing, trading below its IPO price. Gee, if only someone had pointed out that this company is a stinker.

The downsides of making $13tn of profit

Betting on US equity has been staggeringly lucrative for the rest of the world, but it is now far more exposed to a market crash

How Micron & Rivals Fix Chip Cycles with US$22bn AI Deals

To break the industry’s boom-bust cycle, chipmakers like Micron are securing multi-year US$22bn deals with NVIDIA to keep cash flowing

Your summer holiday is a retirement killer

The capitalised value of that all-inclusive fortnight will scare you

Why U.S. Corporate Profits Are Surging

AI investment is providing a broad lift to the U.S. economy.

Dow set to add Alphabet, drop Verizon

Alphabet's inclusion in the blue chip index is symbolic of AI's increasing pervasiveness in both the stock market and the economy.