Defence secretary Pete Hegseth has pushed to overhaul US military procurement

Sovereign wealth fund reconsiders backing for lossmaking golf tour as Iran war prompts investment rethink

John Waldron says vehicles lack ‘clarity that this is really not a liquid product’

Investors turn attention to strong Wall Street earnings and bet on swift end to the conflict

Wall Street bank’s rates desk was key driver behind unexpected drop in fixed-income revenue

Renowned fund manager was a pioneer in emerging market investing

Governor says near-$1tn PIF will focus on efficiency without retreating from global deals

Concerns about a full-blown supply crisis recede as Asia cuts consumption

Chicago Federal Reserve president Austan Goolsbee says public may ‘misinterpret’ price rises as persistent

A decade into the age of nationalism, the idea of quitting the club is still remarkably taboo