Nvidia's record chip sales and SpaceX's anticipated blockbuster IPO underscore the current AI boom, while discussions about AI replacing jobs and investments in data centers shape the future of the technology industry.

• Nvidia Rides Blistering Chip Sales to Another Record Quarter — Wall Street Journal -
• Elon Musk’s SpaceX sets out plans for biggest IPO in history — Financial Times -
• Nvidia’s Profit Hits $58.3 Billion as A.I. Boom Gathers More Steam — The New York Times Business -

• SpaceX Fires Starting Gun on Its Blockbuster IPO — Wall Street Journal -
• SpaceX Files for Long-Awaited IPO — Wall Street Journal -
• Opinion | How I Choose Which Cloudflare Employees to Replace With AI — Wall Street Journal -
• FirstFT: Nvidia reports better than expected revenue and forecasts in Q1 earnings — Financial Times -
• Intuit to Cut 17% of Staff, Invest in ‘Big Bets’ — Wall Street Journal -
• SpaceX is all ’trucked up — Financial Times -
• How Much Do You Know About Data Centers? Take Our Quiz — Wall Street Journal -
• Google Pushes AI-Generated Ads Further Into Search Results — Wall Street Journal -
• In Musk vs. OpenAI, the Real Winner Was the Suit — The New York Times Business -
• Blackstone’s $5bn data centre plan melds creativity and necessity — Financial Times -
• CEO Walks Back Comment About Replacing ‘Lower-Value Human Capital’ With AI — Wall Street Journal -
• The Growing Anxiety Over AI, Jobs and the Future — The New York Times Business -
• Bristol-Myers Squibb Brings Anthropic’s Claude to 30,000 of Its Staff — Wall Street Journal -
• See How SpaceX Is About to Eclipse Every Other Blockbuster IPO — Wall Street Journal -
• China banned Nvidia’s gaming chip during Jensen Huang’s visit — Financial Times -
• Is Nvidia too big to fail? — Financial Times -
• To the moon: SpaceX’s generational payday — Financial Times -
• Stock investors are high on hope and low on cash — Financial Times -
• The impossible maths of the AI boom — Financial Times -
• Nvidia’s Huang bankrolls AI boom with $90bn deal spree — Financial Times -

US arms packages for Taiwan and charging Cuba's former president indicate heightened tensions, as the Middle East conflict affects global oil supplies and air traffic, and European nations respond to Russian influence and adjust their defense postures.

• Pentagon official’s Beijing visit in doubt over $14bn US arms package for Taiwan — Financial Times -
• US charges Cuba’s former president Raúl Castro with murder — Financial Times -
• Oil drops nearly 6% as two China-bound supertankers cross Strait of Hormuz — Financial Times -

• Ben-Gvir condemned in Israel after video of European activists provokes outrage — Financial Times -
• Former Austrian intelligence official is convicted of spying for Russia — Financial Times -
• Israeli lawmakers advance bill paving way for elections — Financial Times -
• Protests spread in Africa as fuel crisis deepens — Financial Times -
• UK eases sanctions on Russian oil refined into jet fuel and diesel — Financial Times -
• The oil shock is coming for America — Financial Times -
• Commodities powerhouse Indonesia to tighten export controls — Financial Times -
• Deputy UK ambassador to Washington leaves post suddenly — Financial Times -
• Qatar Airways Profit Falls as Middle East Conflict Disrupts Air Traffic — Wall Street Journal -
• China Confirms It Will Buy 200 Boeing Planes — The New York Times Business -
• Indonesia is at a perpendicular intersection of two different roads — Financial Times -
• China’s Xi warns of ‘law of the jungle’ at Putin summit — Financial Times -
• Europe grasps new reality with Putin envoy and US military replacement — Financial Times -
• EU mulls Merkel or Draghi as possible Putin whisperer — Financial Times -
• The Gulf crisis may just be starting — Financial Times -
• Nato allies press US for clarity on troop cuts in Europe — Financial Times -
• The EU wants a Putin whisperer — Financial Times -
• EU lawmakers strike deal on US trade pact — Financial Times -
• US to cut troops in Europe to lowest level since before Ukraine invasion — Financial Times -

The Federal Reserve's hawkish stance on interest rates signals concerns over inflation, while the UK reports a fall in inflation despite Middle East energy shocks, influencing bond market dynamics and central bank appointments like the new Bank of France governor.

• Minutes reveal more hawkishness than previously thought at Fed’s April meeting — Financial Times -
• Many Fed officials called for central bank to drop rate-cut signal in April — Financial Times -
• Majority of Fed Officials Embraced Possibility of Higher Rates at Latest Meeting — The New York Times Business -

• Macron’s former chief of staff approved as new Bank of France governor — Financial Times -
• Is the Bond Market Signaling Danger? Or Opportunity? — The New York Times Business -
• Inflation and interest rates tracker: see how your country compares — Financial Times -
• UK inflation falls to 2.8% in April despite Middle East energy shock — Financial Times -
• April CPI undershoots Bank of England expectations — Financial Times -
• How Powell steered the Fed under fire from Trump — Financial Times -
• How to shield your money from inflation — Financial Times -

Urban Outfitters, Target, and Lowe's report strong sales growth, while Hasbro faces an uncertain outlook, reflecting a mixed but generally positive consumer environment, even as Ubisoft delays profit targets and Experian's shares slip due to disappointing forecasts.

• Urban Outfitters Sales Climb, Helped by Strength of Free People — Wall Street Journal -
• Target Reports Strongest Sales Gain in Years but Sounds Note of Caution — Wall Street Journal -
• Lowe’s Sales Rise, Boosted by Pro Business Growth — Wall Street Journal -

• North Face Fuels VF’s Return to Revenue Growth, Upbeat Outlook — Wall Street Journal -
• Hasbro’s Uncertain Outlook Weighs on Shares, Overshadowing Strong First Quarter — Wall Street Journal -
• TJX Raises FY Guidance as Consumers Flock to the Off-Price Retailer — Wall Street Journal -
• Experian Shares Slip After Outlook Disappoints — Wall Street Journal -
• Ubisoft Delays Profit, Cash Flow Targets as Reboot Continues — Wall Street Journal -
• Wendy’s Names Robert Wright as CEO — Wall Street Journal -
• CSG’s Earnings Rise on Strong Demand for Ammunition, Defense Equipment — Wall Street Journal -
• Marks & Spencer’s Full Year Profit Falls Despite Second-Half Rebound — Wall Street Journal -

Former President Trump's influence on primaries and his financial dealings continue to draw scrutiny, while the passing of Congressman Barney Frank marks the loss of a liberal stalwart, and concerns over the US jury system's divisions are highlighted.

• Jeff Bezos Praises Trump’s Second Term as ‘More Mature’ — The New York Times Business -
• How will Trump deploy his $1.8bn ‘slush fund’? — Financial Times -
• Barney Frank, US congressman, 1940-2026 — Financial Times -

• Barney Frank, Gay Pioneer and Liberal Stalwart in Congress, Dies at 86 — The New York Times Business -
• Submit your questions: Is Trump’s economy heading south? — Financial Times -
• FirstFT: Trump critic Thomas Massie loses Kentucky primary — Financial Times -
• Inside Trump’s AI ‘slopaganda’ machine — Financial Times -
• Pennsylvania Democratic primary result signals shift to appeal to working class — Financial Times -
• Trump’s Stock Trades Raise Eyebrows. The Family Says He Keeps His Hands Off. — The New York Times Business -
• America’s Toxic Divide Reaches the Jury Room — Wall Street Journal -
• Trump’s ‘worst’ Republican critic loses most expensive House primary ever — Financial Times -

The UK secures a new Gulf trade deal, while the government considers measures to address the cost of living, including reconsidering food price caps and postponing fuel duty increases, as housebuilders face impacts from the Iran war and London's economic future is debated.

• UK confirms Gulf trade deal in boost for service industries — Financial Times -
• Reeves cuts food tariffs and children’s bus fares in cost of living plan — Financial Times -
• M&S boss slams ‘preposterous’ proposal to cap food prices — Financial Times -

• Reeves drops push for food price cap after retail backlash — Financial Times -
• Starmer postpones fuel duty increase — Financial Times -
• Starmer’s team was updated on think-tank’s investigation into journalists — Financial Times -
• Labour has all too clear a vision — Financial Times -
• Policies that changed Britain for the better — Financial Times -
• Merger spirits could lift the UK’s languishing mid-caps — Financial Times -
• UK housebuilders suffer £8bn hit from Iran war — Financial Times -
• London loses its lustre — Financial Times -

AvalonBay and Equity Residential pursue a major apartment owner merger, James Murdoch acquires New York Magazine and Vox assets, and Blackstone invests heavily in data centers, while Italy's largest bank explores a bid for a Spanish wealth manager and Chicago sees a dispute over Zillow listings.

• Apartment Owners AvalonBay and Equity Residential Near Deal to Combine — Wall Street Journal -
• James Murdoch to Buy New York Magazine, Other Vox Assets for Around $300 Million — Wall Street Journal -
• Thousands of Chicago Home Listings Just Disappeared Off Zillow — Wall Street Journal -

• Italy’s biggest bank explores bid for Spanish wealth manager — Financial Times -
• James Murdoch Buys Half of Vox Media — The New York Times Business -
• Hg spins out €500mn of assets from €19bn software group Visma — Financial Times -

The implications of AI on employment are debated, with some companies like Intuit cutting staff and CEOs addressing automation, amidst union victories for six-figure salaries in NYC and legal battles over workplace allegations at JPMorgan.

• Opinion | Don’t Let Aviation Workers Go Without Pay — Wall Street Journal -
• JPMorgan Banker Says Sex-Assault Allegations Have Ruined Her Life — Wall Street Journal -
• To 2026 Graduates Facing a Bleak Job Market, 1991 Grads Have Some Advice — The New York Times Business -

• JPMorgan banker fights back over ‘fabricated’ sex harassment claims — Financial Times -
• New York City Unions Keep Winning Six-Figure Salaries — Wall Street Journal -

Stellantis and Dongfeng announce new joint ventures for electric vehicle sales in Europe, TSA explores expanding private security at airports, and Amazon deploys e-bikes for urban deliveries, while Qatar Airways reports profit drops due to Middle East conflict and Airbus addresses fighter jet development challenges.

• Stellantis, Dongfeng Plan New JV to Sell Voyah-Branded Cars in Europe — Wall Street Journal -
• TSA Pushes to Expand Private Security at Airport Checkpoints — The New York Times Business -
• Amazon E-Bikes Take Root in Manhattan and Brooklyn — The New York Times Business -

• Auto & Transport Roundup: Market Talk — Wall Street Journal -
• Airbus open to two-fighter jet solution amid impasse with France’s Dassault — Financial Times -
• JLR plans to develop vehicles in US with Stellantis — Financial Times -

New research links natural food colors to health problems, Germany faces discussions on industrial decline, and scrutiny arises over a Gaza Humanitarian Foundation, alongside legal issues such as a London barrister's tax evasion and environmental concerns about vanishing caribou in the Arctic.

• Natural Food Colors Embraced by MAHA Linked to Health Problems — Wall Street Journal -
• Opinion | Germany’s Slow Industrial Suicide — Wall Street Journal -
• US state department watchdog investigates Gaza Humanitarian Foundation — Financial Times -

• The Fashion Scion Facing Suspicion Over His Father’s Fatal Fall — Wall Street Journal -
• How Airbnb CEO Brian Chesky Learned to Stop Hating Hotels — Wall Street Journal -
• The Arctic’s vanishing caribou — Financial Times -
• Judge probing billionaire Mango founder’s death points to son’s money ‘obsession’ — Financial Times -
• Top London barrister evaded nearly £2mn in tax, court told — Financial Times -
• Swiss finance faces some awkward questions — Financial Times -