We should be getting better at AI by now

From cancelled novels to legal fines, the scale of blunders only halfway through the year suggests the opposite

Oil tanker owners fear market crash after Iran war drove record profits

Shipowners ploughed windfall into new vessels and are braced for steep drop in rates if Strait of Hormuz reopens

Are US Treasuries becoming a financial chokepoint?

A haven asset for the financial system is becoming a source of risk

Why bother with university?

As costs soar and graduate prospects dim, the value of higher education can no longer be taken for granted

The remote shooting lodge reborn as Scotland’s most expensive hotel

In the country’s far north, the 159-year-old Hope Lodge now promises ‘curated escapism’ and ‘untamed luxury’

10 numbers you need to know if you’re planning your retirement

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Founders share VC horror stories, and some are naming names

A massive viral conversation sharing VC horror stories has taken place this week on X. Some are weird. Some are infuriating.

Investors boost bets for Fed rate rise after bumper US jobs report

World’s biggest economy adds 172,000 jobs in May in sign labour market is ‘turning the corner’

Nasdaq tumbles 4% as shares in chip and memory groups sink

Rising expectations of a Federal Reserve rate increase send US bond yields rising sharply

S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic

SpaceX won’t get easy access to billions of dollars from passive investors.

Bitcoin Tumbles After Strategy Sale Unnerves Crypto Traders

Cryptocurrency is heading for biggest weekly loss since November 2022

Elon Musk’s SpaceX lines up retail investors for record IPO allocation

Up to a quarter of the rocket builder’s $75bn float will be set aside for individual investors