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The number of 401(k) millionaires just fell — but workers hit record savings rates. What’s going on?

Fidelity’s first-quarter data shows 401(k) balances dipping — but it’s not all bad news.

EU to broaden import quotas and tariffs against China

Trade defences needed to combat ‘existential’ threat to key sectors, industry commissioner Stéphane Séjourné says

Kirkland & Ellis to spend $500mn building its own AI technology

World’s highest-grossing law firm plans to put the ‘collective intelligence’ of its lawyers into a tech platform

Chip stocks race towards biggest gains since dotcom era on AI demand

Philadelphia Semiconductor Index rides Big Tech’s data centre spending spree to 75% gains in 2026

Rouble’s strength piles pressure on Russian war economy

Rising energy exports have helped push currency to three-year high, making other exports less competitive

Why Europe must embrace tariffs

Sorry folks, the rules aren’t coming to save you

SpaceX and the Zuckerberg discount

A founder-entrenching shareholder structure can do a great deal of harm

America’s hegemonic glory is under threat

Along with excessive ‘guns and butter’ spending, that risk means long-term Treasuries are expensive

Ukraine is turning the tables

The country’s war effort was at a nadir. But mass drone production has come to the rescue

EU must change accession system to cater for Ukraine, enlargement chief says

Admitting new members seen by many as a geopolitical necessity after Russian assault on Kyiv

China’s farming giant Syngenta says it has no ‘nefarious’ intentions in the US

State-owned company’s CEO calls to exclude farming and agriculture from tensions between two superpowers

Thursday’s Economic Calendar