WSJ Markets

Coal is making a comeback after the Iran war effectively shut the Strait of Hormuz and cut off around 20% of global liquefied natural gas supplies on.wsj.com/4wAusEs

Streetwise: Investors already factor in cyclicality in the chip industry. The bad news is that they’ve frequently gotten their assessments wrong. on.wsj.com/4wvmsVj

U.S. market regulators are seeking information from Kalshi and Polymarket over wagers tied to political events and military operations on.wsj.com/3PLy1XJ

The stock-market surge has propelled the use of a new kind of tax-loss harvesting. We break it down. on.wsj.com/4wyWYGl

How to invest in SpaceX, OpenAI and Anthropic before their IPOs—and the hidden risks ordinary investors should know on.wsj.com/4fkwGl6

Federal prosecutors are probing a BlackRock private-credit fund that surprised investors with a sharp write-down of its loan portfolio earlier this year, according to people familiar with the matter on.wsj.com/4uQK9FI

A weekslong rout in global government bonds intensified Friday on.wsj.com/4tEWFar

Berkshire Hathaway took new positions in Delta Air Lines and Macy’s during its first quarter with Greg Abel as chief executive on.wsj.com/4uRhKzA

SpaceX Is Aiming to Go Public on June 12 in What Stands to Be Biggest IPO Ever on.wsj.com/4uRG1FC

Heard on the Street: For Cerebras, growing into its ambitious valuation against strong competitors like Nvidia will be a challenge and likely won’t go smoothly on.wsj.com/49v8okE

A family’s fight over a retirement account shows the pitfalls around updating beneficiary information on.wsj.com/4tC44r2

The hedge-fund herd was early to see opportunity in the stocks of chip makers and other AI hardware companies. Those bets just delivered stock-picking funds their best month in over two decades on.wsj.com/3Rk1SqD

Anthropic rattled the complex world of special-purpose vehicles and secondary-share platforms, which bring investing in hot private companies to the masses on.wsj.com/4ePG2VS

With many crypto fans souring on bitcoin, some are getting behind Zcash, a so-called privacy token that lets users shield transaction details and remain anonymous on.wsj.com/42SLK29

U.S. Natural Gas Futures Head for Weekly Gains on.wsj.com/4dlZOat

A mystery bidder paid just over $9 million to dine with Warren Buffett for his famed charity lunch on.wsj.com/4wBrlfC

Bill Ackman’s Pershing Square hedge fund has taken a new stake in Microsoft after a recent decline in the share price on.wsj.com/4ujr4fM

Global Bond Yields Jump, Dollar Firms on Middle East Stalemate on.wsj.com/4tzs2TK

Millions of Americans could be owed billions of dollars in tax refunds of Covid-era interest and penalties. Filing a claim with the IRS by the July 10 deadline is the first step on.wsj.com/494yg6R

U.S. Futures, Global Markets Fall; Treasury Yields, Oil Rise on.wsj.com/4nAOXwQ