The FTSE 100 has finally hit a fresh record high, after keeping us all waiting for rather too long. But believe it or not, the UK index hasn't always been an incorrigible laggard - could this represent a turning point? trib.al/pc3oZM6

NEW: Gucci discount racks in a non-descript Paris suburb reveal challenges facing the luxury brand and its billionaire owners.

Read the Big Take here trib.al/ZXbJMJ5

If you don't get into an Ivy League college, does it really matter where you go?

A Bloomberg News analysis of more than 1,500 nonprofit 4-year colleges shows the ROI at many elite private institutions is no better than public universities trib.al/macdPls

If you don't get into an Ivy League college, does it really matter where you go?

A Bloomberg News analysis of more than 1,500 nonprofit 4-year colleges shows the ROI at many elite private institutions is no better than public universities trib.al/macdPls

Gucci discount racks in a non-descript Paris suburb reveal challenges facing the luxury brand and its billionaire owners trib.al/vXCLOBl

Some of London’s top bankers might soon have a paycheck that look more like the bonus-heavy packages of their New York counterparts trib.al/mOu9W7L

Asofondos, Colombia’s private pension fund association, said that more than a million clients would be exempt from a 0.7% management fee trib.al/bDjUfXc

The wife of tech billionaire Forrest Li is set to acquire a mansion in one of Singapore’s most coveted residential areas, even as the luxury property market remains in a lull trib.al/xoV9uGO

The latest data on asking prices from Rightmove suggests that the UK housing recovery is continuing, while over on the stock market, a musical bidding battle has broken out. All in today's Money Distilled. trib.al/IFokgnm

If you don't get into an Ivy League college, does it really matter where you go?

A Bloomberg News analysis of more than 1,500 nonprofit 4-year colleges shows the ROI at many elite private institutions is no better than public universities trib.al/macdPls

If you don't get into an Ivy League college, does it really matter where you go?

A Bloomberg News analysis of more than 1,500 nonprofit 4-year colleges shows the ROI at many elite private institutions is no better than public universities trib.al/macdPls

NEW: For breather from conflict, check my long read on #SaudiArabia ’s almost $1 trillion bet to become a tourist destination. I spent time in Dec & March in AlUla where Saudis want to lure “luxe seekers, wanderlust nomads, intrepid voyagers & silver foxes” bloomberg.com/news/features/…

BlackRock laid out plans for its first mutual fund-to-ETF conversion this week, joining a growing list of asset managers who have made the jump amid a one-way flood of cash between the structures. trib.al/aFvQmv1

If you don't get into an Ivy League college, does it really matter where you go?

A Bloomberg News analysis of more than 1,500 nonprofit 4-year colleges shows the ROI at many elite private institutions is no better than public universities trib.al/macdPls

Rising prices and high interest rates are frustrating investors. But advisers say the latest CPI print buys time for potentially lucrative moves trib.al/hBYybq0

The UK stock market is dying. At current rates, small caps will have vanished by 2028, according to Charles Hall of broker Peel Hunt. Why does it matter and how can we turn things around? Find out in the latest Merryn Talks Money podcast. trib.al/dBIrLam

Wealthy people trying to escape New York’s high taxes are going to extremes to prove they've actually moved. trib.al/Tu8b0nb

Bond powerhouses are dangling the prospect of 5% yields to convince investors it’s time to plow more assets into actively managed fixed-income funds. Clients are paying attention trib.al/FEGsrLx

Three months before his 90th birthday, Giorgio Armani is laying the groundwork for the future of his fashion empire trib.al/52U0Weh

Norwegian billionaires are heading to Switzerland, and their bankers are following them too trib.al/salVrlb