‘Tit-for-tat’ trade warfare threatens global economy, says IMF chief economist
Pierre-Olivier Gourinchas, who is leaving the fund, warns attempts to gain small advantages will be ‘self-defeating’
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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
Ill-timed deregulation is weakening bank resilience
Thoughtful, fundamental reform is needed in finance, not an industry checklist
US tech stocks set for further declines on AI worries
Apple’s price rises and fears over delay to OpenAI’s IPO add to concerns over high-flying sector