← June 6, 2025 →

The relationship between Trump and Musk is deteriorating, causing ripples in politics, business deals, and even affecting debt raising for Musk's AI ventures, with allies urging reconciliation.

• Buildup to a Meltdown: How the Trump-Musk Alliance Collapsed — The New York Times Business - 23:54
• How Hard Will Musk Fight Republicans’ Budget Bill? — The New York Times Business - 23:37
• Trump Has Power, a Big Megaphone and Billions to Spend. So Does Musk. — The New York Times Business - 20:54

• Are Trump and Musk now enemies? — Financial Times - 19:48
• Trump and Musk’s allies urge reconciliation after damaging split — Financial Times - 18:39
• Why Would Musk Pick This Fight With Trump? — Wall Street Journal - 16:49
• Opinion | Musk Is a Genius, but He Isn’t a Political One — Wall Street Journal - 15:35
• Trump and Musk Trade Threats, From Broaching Impeachment to Cutting Contracts — The New York Times Business - 13:17
• FirstFT: Trump lashes out at ‘crazy’ Musk — Financial Times - 10:15

The US economy is facing uncertainty with Trump's trade policies, fiscal policy going off the rails, and a job market that is getting tougher for college graduates; additionally, a jobs report could set off market turmoil.

• Donald Trump calls for ‘full point’ rate cut after jobs report — Financial Times - 22:26
• In Chaotic Economy, Hiring Remained Steady in May — The New York Times Business - 19:00
• US fiscal policy is going off the rails — and nobody seems to want to fix it — Financial Times - 16:00

• Here’s what to know. — The New York Times Business - 15:15
• Trump’s steel and aluminium tariffs expected to push up US import costs by $100bn — Financial Times - 14:37
• Germany’s Merz signals long-term US reliance after Trump meeting — Financial Times - 13:57
• Facing down a fiscal firestorm — Financial Times - 13:56
• Here’s what to know. — The New York Times Business - 13:19
• As Trump’s Tariffs Reshape Trade, Businesses Struggle With Economic Uncertainty — The New York Times Business - 13:01
• Job Market Is Getting Tougher for College Graduates — The New York Times Business - 12:54
• Deficit Politics Returns in Debate Over Trump Tax Cuts — The New York Times Business - 11:53
• The market has quieted down but Friday’s report could set off more turmoil. — The New York Times Business - 11:10
• Can We Trust a Jobs Report From the Trump Administration? Yes, With Caveats. — The New York Times Business - 10:30
• The case for a Fed rate cut — Financial Times - 05:30

Global headlines include US-China trade talks, international policy shifts (like US shifting Iran nuclear talks to the Gulf), geopolitical tensions (Russia's attack on Ukraine, Israel striking Beirut), and political shifts within countries (Labour wins in Scotland).

• Russia launches drone and missile attack on Ukraine — Financial Times - 11:57
• US sidelines Europe and turns to Gulf to drive Iran nuclear talks — Financial Times - 10:00
• Labour wins pivotal Scottish by-election over SNP and Reform — Financial Times - 08:20

• Israel strikes Beirut in escalation against Hizbollah — Financial Times - 08:38
• Why Meloni is keeping Italy’s citizenship referendum quiet — Financial Times - 05:00

Various companies are in the news, including Lululemon facing tariff impacts, Tesla losing its robotics project leader, EchoStar preparing for potential bankruptcy, and Tata Steel warning about export risks.

• Lululemon Shares Tumble on Warning That Tariffs Will Hurt Profit — Wall Street Journal - 22:40
• Tesla Loses Leader of Optimus Robotics Project — Wall Street Journal - 22:21
• EchoStar Prepares Potential Bankruptcy Filing Amid FCC Review — Wall Street Journal - 22:21

• Tata Steel warns its exports are at risk under UK-US trade pact — Financial Times - 12:52

The Trump administration's policies are under scrutiny, including tariff impacts, crypto regulations, and FAA pick qualifications, affecting businesses and markets.

• Trump’s FAA Pick Once Played a Flight Attendant on TV. It Drew FAA Scrutiny. — Wall Street Journal - 17:11
• Trump Removed Crypto Warnings from Retirement Plans. Will It Affect 401(k)s? — The New York Times Business - 09:01

Changes in financial regulation are being discussed, including a potential overhaul of US bank regulation, scrutiny of stablecoins, and new rules for flight delay compensation in the EU.

• Senior Fed official promises major overhaul of US bank regulation — Financial Times - 17:07
• Josh Hawley Says He Opposes the GENIUS ACT, a Major Crypto Bill — The New York Times Business - 15:59
• EU agrees to increase flight delay times before compensation kicks in — Financial Times - 09:38

• Why we should worry about the rise of stablecoins — Financial Times - 19:00

Various opinion pieces cover diverse topics like avoiding retaliatory taxes, the crisis of trust, private equity strategies, and the rise of carbon pricing.

• The Wolf-Krugman Exchange: the crisis of trust — Financial Times - 23:06
• Opinion | How to Avoid a ‘Revenge Tax’ — Wall Street Journal - 21:35
• The cost of losing trust in the US — Financial Times - 17:19

• It’s time for private equity to go back to basics — Financial Times - 15:29
• The Maga case for carbon pricing — Financial Times - 11:00