Latest from Banking and finance

Nvidia share slide erases $816 billion in market value

Financial Times: Chipmaker’s shares have fallen 15% since Thursday,

TikTok advertisers prepare contingency plans as US ban looms

Financial Times: TikTok has become a key part of the marketing strategies for many brands.

NZ exports reach all-time high in May

Surge in trade with US beefs up New Zealand's exports.

Cut-price anti-drone weapon could be ready next year

Financial Times: Thales-led radio frequency directed energy weapon costs just 20c per use.

Tension builds between Musk and his top exec at X

Financial Times: Tensions between billionaire and his top executive rising.

On the run: China’s super-rich want to leave the country and some want to move Downunder

Financial Times: But capital controls mean getting money out of China is no easy task.

Why billionaires support Trump

Financial Times: It is not (just) greed. Business encourages contrarianism.

US Supreme Court sidesteps wealth tax question in closely watched case

Financial Times: Campaigners against a wealth tax 'got half a loaf'.

Bank of England keeps main interest rate at 16-year high despite inflation fall

Concerns some underlying measures of inflation are still too high.

Nvidia vaults past Apple and Microsoft to become world’s most valuable company

Financial Times: Landmark moment, explosive rally with investor excitement over AI.

Richard Prebble: Don't waste a recession - now's the time for sweeping deregulation

OPINION: Coalition has a once-in-a-generation opportunity to make sweeping deregulations.

Making sense of Gen Z: Employers seek advice on managing young workers

Financial Times: Demand for Gen Z 'whisperers' is rising as companies struggle to adapt.

Apple scraps ‘buy now, pay later’ service in the US just months after rollout

Financial Times: iPhone maker pivots from Pay Later service after just one year.

Builder failed working for Kāinga Ora, liquidators now trying to recover money

BNZ, Fletchers, Carters, Steel & Tube, plumbers and roofers are among those owed money.

Global defence groups hiring at fastest rate in decades amid record orders

Financial Times: Companies in sector looking to recruit tens of thousands this year.

Fight for control of Yemen’s banks between rebels, government threatens to further wreck economy

Rivalry over the banks is throwing Yemen’s financial system into deeper turmoil.

US executive pay rises at fastest rate in 14 years

Financial Times: Figures follow Elon Musk’s triumph over huge Tesla package.

Is NZ still in recession? Economic growth data revealed this week

Did the economy grow or shrink in the March quarter? And does it really matter?