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Argentina loses last-ditch US battle to block $300mn seizure—The petition the Supreme Court declined to hear on Monday related to the proposed seizure of more than $300m that Argentina holds in the custody of the New York Federal Reserve. ft.com/content/1df1f0… Financial Times Ciara Nugent

Elon continuing to move the goalposts ... now talking much more about a $1 trillion savings goal, rather than the $2 trillion he talked about for months.

Wall Street’s AI ‘bubble’ echoes dotcom excesses, Ray Dalio warns-“The tech war between China and the US is far more important than profitability, not only for economic superiority, but for military superiority,” he told the FT. ft.com/content/eef8db… Financial Times Adam Samson

UK-listed companies divert cash from dividends to buybacks- the latest sign that a market long targeted by income-hungry investors is shifting towards returning cash to shareholders. ft.com/content/2fbaea… Financial Times Emma Dunkley

Moving over to A Reader of the FT with address a-reader-ft.bsky.social Please follow. Thank you.