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The S&P 500 flirted with a new record on hopes of interest rate cuts.

The climate shocks that could trigger wider market turmoil

Retreat on welfare cuts is a blow to the UK prime minister’s authority

Maga’s ‘second American revolution’ has inspired European politicians on both left and right to rebrand themselves

The hope (and hype) is as powerful as ever but it is hard to see where the needed revenues will come from