While AI pumps up portfolios, some companies sound the alarm
The clout of Big Tech groups is obscuring the precarious state of others
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Markets are banking on the ‘Bliss trade’
A belief in resilience underwritten by big lasting state support is keeping stocks high
US strikes 2 Iranian-flagged oil tankers as ceasefire comes under strain
Donald Trump says truce between Washington and Tehran still in effect after the two sides exchanged fire
UBS boss warns of European decline with ‘over-regulation across the board’
Sergio Ermotti tells FT it would take a ‘very profound and painful crisis’ to pressure politicians to take action