US chip stocks slide as government borrowing costs hit multiyear highs
Fears over inflation and mounting public debt ignite bond sell-off
Does the market know anything about oil?
US oil reserves are dropping. Will prices skyrocket?
Soaring diesel prices rip across US economy
Rising fuel costs threaten new jolt of inflation ahead of November’s midterm elections
BHP’s copper pivot is paying off
Miner’s pipeline looks increasingly convincing given the red metal’s ubiquitous use
Barbie box office smash isn’t yet a boon for Mattel
California-based toy mainstay that owns the famous doll brand has an enterprise value of just above $6bn
Confessions of an eclipse addict
The total solar eclipse is the peak experience and one happens somewhere in the world every 18 months
Can Burnham save Britain’s high streets?
Town centres need to become community hubs for the 21st century
Andy Burnham hails shake-up of bus services in West Midlands
Prime minister praises ‘single biggest act of public control’, even though routes will ultimately be run by private groups
Israeli strikes on Syrian air base criticised by US and Turkey
Bombing of military site is ‘an unnecessary escalation’ and underlines regional tensions over Damascus regime
Reform UK suspends Tory defector Tim Montgomerie after criticism of Nigel Farage
Board member called out party leader last week for failing to appear at Clacton by-election count
Disney accuses Trump administration of cracking down on freedom of speech
US media giant accuses Federal Communications Commission of cracking down because it ‘disapproves’ of its broadcasts
Diageo sheds 2,000 staff as CEO Dave Lewis kicks off restructuring
Drinks group’s workforce shrank last year after rise in employer taxes and decline in demand
Klarna overhauls leadership as it targets US banking licence
Swedish ‘buy now, pay later’ lender seeks New York-based finance chief as part of efforts to revamp business model
Signature Group founder banned as company director for five years
Property group subsidiary ‘distributed false and misleading marketing material’ according to Insolvency Service
Canada makes final attempt to avoid US tariffs on $20bn of goods
Also in today’s newsletter, how are voters reacting to a string of progressive candidates’ primary victories?
Here’s Apollo’s big First Brands short presentation
Fear factor
Forget the bond rout, fund managers are in party mode
Ain’t no party like a capex party, because apparently a capex party don’t stop
The Treasury can’t avoid the BoE’s losses
Suspending cash transfers to the central bank will not alleviate UK fiscal pressures
Life of M by Rachel Cusk — ‘no cruelty, no book’
The novelist turns the ethics of literary appropriation into her subject, asking what happens when an author makes art from other people’s lives — and pain
Lanterns — DC finds depth in this grown-up portrait of the nation
This gothic superhero series balances wisecracking action with serious themes as the Green Lantern investigates a massacre in small-town America
Buried — Michael Sheen turns investigative journalist in gripping story of toxic waste in Wales
The actor digs deeper into the alleged dumping of carcinogenic chemicals by US corporation Monsanto
OpenAI adds stricter controls for teens on ChatGPT amid backlash
AI start-up overhauls its chatbot for young people after high-profile lawsuits
AI phobia is America’s new consensus
Trump is uncharacteristically deaf to voter fears over the technology
FirstFT: Global bond sell-off deepens
Also in today’s newsletter: US military pullback raises questions in Asia, and a ray of hope for the drinks industry