Gold traditionally functions as a safe haven during geopolitical conflict, but the war in Iran has flipped that expectation on its head.

Since the conflict began in late February, gold has fallen 11%, but that’s not necessarily a sign of failure—it’s still a commodity, at the end of the day. During times of stress, gold is a helpful stand-in for dollars, according to Kristian Kerr, LPL’s head of macro strategy. Several Persian Gulf states are experiencing pressure as fewer oil sales has translated to fewer dollars pouring into the region.

The dip doesn’t mean investors are losing faith, but it does suggest that some of the world’s largest holders need cash more than protection.

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CNN founder Ted Turner died at age 87, leaving behind a legacy of revolutionizing television news with his network’s 24-hour approach.

The Dow Jones Industrial Average surpassed 50,000 on Wednesday, its first time crossing the threshold since before the start of the Iran war.

A suicide note supposedly written by convicted sex offender Jeffrey Epstein was released Wednesday, with a federal judge unsealing the document.

With contributions to Trump Accounts expected to begin this summer, the administration has reportedly discussed allowing some of the world’s richest people to donate shares of their companies to the investment accounts. Such a move would allow donors to receive a charitable deduction for the equity’s full market value, without ever paying capital gains on its appreciation.

Anthropic and SpaceX have struck a deal that will give the AI firm access to SpaceX’s multibillion-dollar........

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