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FIFA is embroiled in a $20 billion World Cup controversy. Here's what's going on

UEFA – European soccer's governing body – accused FIFA of "crossing a line" and said the tournament is not its to sell.

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Procter & Gamble revenue misses estimates as volume stays unchanged

Procter & Gamble reported quarterly earnings per share that topped Wall Street's estimates, but its revenue fell short of expectations.

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Nike was once China's sneaker king. Here's why its sales have fallen 30%

China was once Nike's fastest-growing region but the company has lost relevance among young consumers and ceded market share to smaller, domestic brands.

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Trump says U.S. will give Iran a 'beating' after surprise attack

Centcom in a post on X said that the attack originated from Iran, but all missiles were intercepted.

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There’s never been a better time to commit financial fraud

American enforcement has collapsed and conditions are ripe for skulduggery

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JPMorgan, Schwab and UBS manage millions in Trump's $858 million investment portfolio

JPMorgan, Schwab, UBS and Stephens Inc. are among the firms that have managed Trump's fortune in accounts worth at least $858 million, a CNBC analysis found.

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Cyclospora outbreak tied to Taco Bell will steal the spotlight from Yum Brands' earnings

Wall Street is projecting a strong second quarter for Yum Brands, but investors' focus will be on updates related to the cyclospora outbreak tied to Taco Bell.

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Brave New whirl: Turkey’s opposition overhaul

Also on the daily podcast: a surrogacy scandal roils German politics and how career advice is failing Gen Z

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The world is entering a post-postcard age

This means fewer ghastly pictures of sunsets. More ghastly Instagram

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Rules for “truth machines”

A handpicked article read aloud from the latest issue of The Economist

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Can French nukes protect Europe if Donald Trump walks away?

Europeans are keen on nuclear collaboration with Emmanuel Macron. What if Marine Le Pen becomes president?

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Europe’s fires are just the start

They are not a new normal. But worse can nonetheless be expected