|
Ahead of SpaceX’s gigantic initial public offering, you can see more rockets on Wall Street than at Cape Canaveral. It’s a sign of investment banks’ abasement before the likes of Elon Musk and the bosses of the AI companies who plan to follow him onto the market. Buttonwood, our markets columnist, looks at the causes and consequences of this power shift in finance.
When it comes to his own war in Iran, Donald Trump is in a triple bind. Iran is still throttling the global energy supply; Israel is bombing Lebanon; Republican hawks are pressing for more devastating attacks. The war has already been politically painful for Mr Trump, and costly for America (not to mention the Middle East). He needs to make a deal. | 
