Wall Street’s existential crisis over perpetual futures — the 24/7 security on steroids — just got urgent

There’s an old trader saying: “Don’t put on a position that won’t let you sleep at night.” Perpetual futures, known as “perps” in short, are literally designed to do the opposite. Blockchain-enabled, 24/7-traded, never-expiring ‘futures’ – a label now legally contested by the Chicago Mercantile Exchange – are growing so fast overseas that they almost…

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Companies plan to hide airlines’ restrictive ‘basic’ business fares

United Airlines Polaris lounge in Chicago United Airlines CHICAGO — No advanced seat selection, lounge access or flight changes included with a C-suite executive’s business-class ticket? Absolutely not, some companies say. Delta Air Lines joined United Airlines last month in launching stripped-down business class fares for certain flights, taking the same approach they used to…

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Celebration of Obama Presidential Center dedication

Fomer US president Barack Obama and his wife Michelle Obama arrive at the opening of the Barack Obama Presidential Center in Chicago. Kent Nishimura | Afp | Getty Images Former President Barack Obama opened his long-awaited presidential center in Chicago on Thursday, drawing a who’s who of former presidents, dignitaries, celebrities and musical performers to…

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Sensex, Kospi, Nikkei 225, Hang Seng, Iran, Oil

Currency dealers monitor exchange rates in a foreign exchange dealing room at the Hana Bank headquarters in Seoul on May 15, 2026. Jung Yeon-je | Afp | Getty Images South Korea’s Kospi hit a fresh record Tuesday as trading resumed after a public holiday, with investor sentiment supported by hopes for a breakthrough in the…

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Brent, Nikkei 225, Kospi, Hang Seng Index

A screen displays share prices inside the Kabuto One building in Tokyo, Japan, on Monday, April 13, 2026. Oil surged and stocks fell after President Donald Trump ordered a blockade of the Strait of Hormuz, escalating tensions with Iran following the collapse of weekend peace talks. Photographer: Kiyoshi Ota/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty…

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Treasury yields, Nikkei 225, Kospi

Bird’s-eye view of central Tokyo including Tokyo Tower at sunrise hours. Vladimir Zakharov | Moment | Getty Images Asia-Pacific markets were poised to open mixed Wednesday as investors weighed elevated bond yields and renewed geopolitical tensions after U.S. President Donald Trump said he was “an hour away” from deciding whether to attack Iran on Tuesday…

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