From Delta’s Bastian to Exxon Mobil’s Woods, these 25 leaders have positioned their companies for long-term success.
SpaceX Shares Are Hot. This Looming Event Could Derail Them.
The aftermath of SpaceX’s public offering saw the shares soar, in part because of demand outstripping supply. But that could soon end as a staggered release of lockups makes more shares available.
General Motors Is a Cash-Compounding Machine. Buy the Stock.
Share repurchases have boosted the stock. There are other reasons to buy.
Claudia Sheinbaum must be doing something right. With a consistent approval rating of around 70% since becoming Mexico’s president in 2024, the former climate scientist – and protege of her predecessor, Andrés Manuel López Obrador – is the world’s most popular leftwing leader. She is also the first female leader of one of Latin America’s most macho countries.
Yet despite her soaring popularity, driven in part by major universal healthcare reforms, there is a curious tension between Sheinbaum’s disciplined, scientific approach to governing and the messy, often violent politics of modern Mexico. Her handling of the country’s ongoing crisis of disappearances, the continuing influence of organised crime and the rising presence of the army in national life are all issues she has faced criticism over.
The big story | Counting the cost of the war on Iran With a peace deal expected to be signed later this week, Oliver Holmes examines the human, economic and environmental toll of a conflict that appears to have achieved nothing
Science | How the loss of wild bees impacts human health Crops and flowers rely on them for survival, but wild bees are declining – and crucial nutrients will go missing from our diets as a result. Gloria Dickie reports
Feature | How personal taste fell out of fashion Our favourite music, clothes and books used to be markers of individuality – but algorithms have made us all sheep. Rachel Aroestimeets the style rebels fighting back
Opinion | If Kyiv has really got Putin on the run, he won’t accept peace meekly Don’t expect the Russian president to pursue peace, says Simon Tisdall – instead, he could continue to expand the war beyond Ukraine’s borders, with dire risks for us all
Culture | The revolutionary art of David Hockney Guardian critic Jonathan Jones pays tribute to the artist whose work was a feast of visual pleasures
Regulators, lawmakers, and consumer groups are fighting over what it means to be a community bank. The debate has implications for lenders and borrowers everywhere.
It’s long been a golden rule of sport that football World Cups get bigger and badder every four years. The latest edition of the tournament, however, may put that universal law to the test after a six-week journey through Trump’s America, which is expected to generate $80bn of global economic output through its full timeline.
As the world’s biggest sporting event meets the world’s biggest market, it’s hard to see how even the World Cup can get much more bloated than this. But if anyone can make it happen it’s Gianni Infantino, the opportunist Fifa overlord who has schmoozed with the planet’s most divisive leaders to extract maximum gains from his travelling global roadshow. As Barney Ronay says in his tournament scenesetter for our cover story this week, welcome to the heart of darkness.
The big story | How the murder of Henry Nowak shook Britain The aftermath of a tragedy revealed a country grappling with how easily such events can be co‑opted into a far-right rallying cry. Libby Brooks reports
Technology | Can autonomous AI killer drones be taught morality? While the technology is set to play a growing role in modern warfare, there remains an unresolved ethical challenge. Dan MilmoandAisha Down size up the terrain
Feature | Hello, goodbye: inside the final Beatles tour By the mid-1960s, the Beatles were ready to quit touring for good. A new collection of pictures by rock photographer Jim Marshall captures their last gigs. With a foreword by Ian Leslie
Opinion | Trump’s failure to maintain ceasefires is part of the new world disorder The US president brags about ending wars but look at Ukraine, Gaza, Iran and Lebanon to see what his casual disregard for diplomacy and obsession with instant results have achieved, argues Simon Tisdall
Culture | The ruthlessness and redemption of Rupert Everett The 67-year-old actor lied to his partners, disrespected his audiences and betrayed his friends. But has this indiscreet, unreliable heartbreaker finally grown up and settled down? Simon Hattenstone went to find out
George Washington’s announcement that he wouldn’t seek a third presidential term helped define modern statesmanship: The Republic had no need for a king, even an American one. Writing from Europe, John Quincy Adams prayed the president’s retirement might “serve as the foundation upon which the whole system of [America’s] future policy may rise.” Washington’s decision set an informal precedent that largely held until term limits were codified by the 22nd Constitutional Amendment, ratified in 1951. Still, at the time of his farewell address, Washington’s opponents had serious complaints. Though Washington belonged to no party, he was associated with the Federalists—and many Anti-Federalist thinkers chastised the outgoing president for disparaging his ideological rivals while claiming neutrality. This dispute played out in newspapers and pamphlets—back when publishers always chose a side.
Silence Dogood. Richard Saunders. Benevolus. Sidi Mehemet Ibrahim. All were pen names that allowed Franklin to say things he couldn’t have otherwise said
The 2026 World Cup, to be played in North America, has been called the equivalent of 104 Super Bowls in a month. Who stands to gain—and what it will cost fans.
While the fundamental outlook at Goldman looks as good as ever, the stock already reflects that. The shares look pricey relative to peers based on key metrics.
Last week, as the war in Iran continued to choke global oil supplies, the UK government announced a 13% increase in the cap on energy prices. But it was another related story on the other side of the world that caught my eye.
In Australia, the energy minister announced a fall of up to 10% in the benchmark electricity price in parts of the country, driven by record levels of renewables and batteries in the power grid.
Australia was already a world leader in domestic solar power. But with little fanfare, it is also pioneering a revolution in home renewables and battery usage, proving that with the right policy initiatives, profound changes can be made to the ways energy markets work.
Five essential reads in this week’s edition
The big story | Is the Iran war Trump’s Vietnam moment? The current Middle East conflict has been far shorter than the war that defined the 1960s and early 1970s, but it has rapidly revealed the strategic weakness of US firepower in an interconnected world, argues Patrick Wintour
Health | Cancer breakthroughs from the world’s largest oncology conference From groundbreaking genomic tests to tumour-shrinking injections, health editor Andrew Gregory reports from the American Society of Clinical Oncology’s annual meeting in Chicago
Feature | The people fighting back against pothole-riddled roads The dire state of roads has provoked pothole vigilantes and become a political flashpoint from Manchester to Manhattan. How did we get here? Oliver Franklin-Wallis reports
Opinion | If you’re still on Elon Musk’s X, ask yourself this: why? Some argue that quitting the platform formerly known as Twitter cedes the space to malign actors. But it’s an open sewer, beyond redemption, says Jonathan Liew
Culture | Children’s illustrators on the art of storytelling From The Twits to The Gruffalo and an angry bear in search of his hat … famous illustrators talk to Stuart Heritage about how they bring children’s books to life
History, hauntings and high-jinx figured in Britain’s first motoring guides, finds Jack Watkins
What a Derby day
Epsom hosts one of racing’s most thrilling spectacles. Jack Watkins picks 10 of the best winners
Monaco
Adam Hay-Nicholls explores the changing face of Monaco, Steven King treads the Prince Rainier III sculpture trail, Arabella Youens seeks out the best properties for sale in the Principality and Mark Hedges cruises serenely into town
His green and pleasant land
John Constable painted places he knew and loved the best. Susan Owens examines how insight influenced his landscapes
Outstanding in their fields
From ‘shoy hoys’ to Worzel Gummidge, Aeneas Dennison traces the story of scarecrows
Andy Wilman’s favourite painting
The television producer chooses a work that reveals a human response to the brutality of war
Country-house treasure
A godfatherly gift ensures that Sir Edwin Lutyens and Shilstone House in Devon are happy bed-fellows, discovers John Goodall
Building on the past
In the second of two articles, John Goodall reveals how Elizabethan Doddington Hall is thriving into the 21st century
The legacy
Octavia Pollock profiles Percy Shaw, the inventor of cat’s eyes, the 20th century’s top design
Winging it
The feral pigeon’s modern-day scavenging masks a more valiant history, suggests Mark Cocker
Drawn to the land
Katharine Freeland meets artists who are mapping estates in an echo of traditional landowners
Jack Watkins strolls the streets that became an artist’s muse, our writers have all you need to know this month, Will Hosie shares seven of the best homes on the market and Rupert Clague charts the rise of the capital’s coffee houses
Death, taxes and Tests with New Zealand
What next for England’s Bazball approach, asks James Fisher
Luxury
Amie Elizabeth White is on red alert — and gives pearl a whirl
Interiors
Arabella Youens admires an extended Cotswolds cottage and Giles Kime ponders going it alone
Dreaming of roses
Charles Quest-Ritson shares 1,000 reasons to fall in love with the restored walled garden at Dummer House, Hampshire
Arts & antiques
Rebecca Salter, president of the Royal Academy, outlines her ambitions to Carla Passino
Travel
A mountain-top encounter rings a bell with Pamela Goodman
A furious rally for chip stocks has raised fears of a new bubble. If and when the party ends, five stocks will be left standing. They all remain undervalued.
Shares of Charles Schwab and other firms have swooned on concerns that AI tools could erode the profit they derive from cash that clients hold in so-called sweep accounts.
When looking at the stock market right now, the increasingly obvious question is to paraphrase that catchy 1940s tune: “Is you is, or is you ain’t, in a bubble?”
Indisputably, there are signs—some of which hark back to the dot-com era—that it is. For instance, take a gander at this not-so-little equation: $1.75 trillion divided by $18.674 billion equals 93.71 times.
That’s the expected midrange market capitalization of SpaceX’s initial public offering ($1.75 trillion), divided by the company’s 2025 revenue ($18.674 billion), with the quotient of 93.71 being SpaceX’s price-to-sales ratio. Which is ridiculous. (The S&P 500 index’s ratio is just 3.38—and that’s with stocks at record highs.)
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