Japan raises rates to a 31-year high as the world's central banks fight one war's energy shock

World

The Bank of Japan lifted its key rate to 1% — its highest since 1995 — as the Iran war's spike in oil prices pushes up the cost of living across oil-importing economies.

Finance

Chinese retail sales fell in May for the first time since the Covid reopening, exposing a weak consumer beneath a booming export machine.

Tech

Elon Musk's SpaceX agreed to buy Anysphere, the maker of the AI coding app Cursor, for $60 billion in stock — days after a public listing that made the company more valuable than Amazon, even as the AI products it's betting on lose money.

Mind & body

Sleepiness isn't one signal.

Climate

Dozens of large gas plants built to feed a single data center are skipping the hearings and studies that normally apply, a Reuters review finds.

Space

China's space agency has said nothing about Tianwen-2's final approach to a tiny asteroid.

Biotech

Neumora's navacaprant failed its third and final late-stage depression trial — in one study, patients on the placebo did better.

Money

A tax bracket is not a cliff your whole income falls off.

Sports

A 1961 antitrust exemption lets 32 rival NFL teams sell their TV rights as one bundle and split the cash evenly.

Gaming

Luna Abyss got strong reviews and a day-one Game Pass slot.

Food

Bad farm loans in Brazil quadrupled in two years and farm auctions jumped 30%, as cheap-money planting met high rates, weak prices, and wild weather.

Cyber

Banks got better at blocking transfers to crypto fraud, so scammers switched to in-person cash pickups — a move that puts the money even further out of reach.