
BUSINESS
Stablecoin issuer Circle examines ‘reversible’ transactions in departure for crypto
President says sector should learn from traditional finance and allow refunds in cases of fraud or disputes

BUSINESS
The wrong kind of maths
Why the mathematics used in economics for decades needs a rethink

BUSINESS
RIP to safe havens
When the going gets tough, investors are struggling to find a place to hide

BUSINESS
Nvidia and OpenAI are mostly performing for the algorithm
If Monday’s deal seems performative, perhaps that’s the point

BUSINESS
Missing: services disinflation
And QT rolls on

BUSINESS
Peak oil is coming — but nobody seems to know when
The point at which consumption starts to tail off is being pushed further into the future

BUSINESS
The Fed: good questions, no answers
Plus, who gets to own a home?

BUSINESS
A weak dollar threatens the Fed’s rate-cut magic
Greenback is weighed down by expectations of lower rates and threats to central bank independence

BUSINESS
What the Fed should do
Inflation is the biggest risk

BUSINESS
The Gen Z revolution is spreading in Asia
Nepal is just the most recent country to have seen the ruling elite toppled by frustrated young people

BUSINESS
Interest rates are a sideshow in the battle over the Fed’s future
Trump and his economic advisers want to narrow the central bank’s mission dramatically

MARKETS
Why the bond ‘rout’ might not be what it seems
Global market trend is more a technical move specific to 30-year issues

ARTIFICIAL-INTELLIGENCE
Why is AI struggling to discover new drugs?
A generation of start-ups have failed to live up to the hype. Executives are now betting that more powerful tools will crack the complexities of human biology

CRYPTOCURRENCY
How worried should we be about the crypto crush?

BUSINESS
Does valuation matter anymore in the age of AI?
Durability of corporate growth and profit margins might outweigh metrics showing the cheapness of a stock

BUSINESS
Goldman Sachs wants everyone to be long-term greedy
Wall St bank and T Rowe Price team up to pitch private investments to everyday investors

BUSINESS
AI boom, AI bust?
Plus European value stocks, and more on the Fed

BUSINESS
If AI lifts off, will living standards follow?
Champions of artificial intelligence claim it could fuel genuine economic growth

BUSINESS
Long bonds’ synchronised decline
Plus more on jobs and growth

BUSINESS
Why memory chips are the new frontier of the AI revolution
Innovation has helped push SK Hynix ahead of Samsung — and put chipmakers in the middle of growing US-China tensions

BUSINESS
Investors underestimate Donald Trump’s threat to the Federal Reserve, economists warn
FT survey cites fears that president’s assault has caused long-term damage to the US central bank and economy

BUSINESS
America’s new ‘patriotic’ capitalism
In the land of the (supposedly) free markets, government stakes and price controls are met with silence on Wall Street

TECHNOLOGY
‘Full of bugs’: How the world’s biggest carmakers fell behind in software
The shift from a manufacturing model to a digital one is proving difficult and expensive for many of the industry’s traditional companies

BUSINESS
Place your bets on the rise of the US prediction market
Users can take a punt on the outcome of events, from sports matches to the Nobel Peace Prize