Mashadipati: Shooter’s motive probed

Good morning. The gunman in the DC gala attack is set to be arraigned today as investigators probe his motive. Britain’s king arrives in the US amid strained ties. And we examine the $1 million retirement myth. Listen to the day’s top stories.

— Marc Perrier

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The man accused of storming the White House Correspondents’ Dinner had spent years quietly building an arsenal, while preliminary evidence suggests that Cole Tomas Allen, who is expected to be arraigned today, was targeting administration officials. The attack raises fresh questions about security around President Donald Trump.

Oil gained as the Strait of Hormuz remained effectively impassable and US-Iran talks stayed in limbo. Iran’s foreign minister arrived in Russia for a meeting with President Vladimir Putin, underscoring the diplomatic impasse. Traders shrugged off an Axios report that Tehran may be open to an interim deal.

King Charles III arrives in Washington today for a four-day state visit, as tensions between the US and the UK remain strained. Trump has suggested the British monarch could “absolutely” help repair the relationship. Security around the trip will be under close scrutiny following Saturday’s shooting in Washington.

Warsh Confirmation Set to Advance as GOP Holdout Backs Vote

Budget airlines seek a break. Carriers including Frontier and Avelo are asking the White House for a $2.5 billion relief package in exchange for convertible equity stakes, the Wall Street Journal reported. The figure reflects how much more they expect to spend on jet fuel this year than previously forecast.

Brace for a wave of Big Tech earnings this week that could prove a make-or-break moment for the S&P 500’s record rally. Alphabet, Microsoft, Amazon, Meta, and Apple have a combined value of nearly $16 trillion. Elsewhere, Elon Musk said X is close to becoming an “everything app,” with a new banking tool set to launch this month. And Meta is exploring ways to power AI data centers with solar energy collected in space — far out.

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Deep Dive: Billionaire Backlash

Sergey Brin and Gerelyn Gilbert-Soto Photographer: Neilson Barnard/Getty Images — Sergey Brin and his partner Gerelyn Gilbert-Soto.

Google co-founder Sergey Brin has advanced a campaign against a California proposal to tax billionaires, a measure that would affect his vast fortune.

Brin has left California, bought a home in Nevada, and begun funding political efforts in the state, spending more than $58 million over the past four months.
Ultrawealthy donors, including Brin, have poured more than $270 million into California politics as a heated battle unfolds over a proposal to levy a 5% tax on billionaires’ wealth.

The Big Take

Scientists working on a neutral atom quantum computer at the National Quantum Computing Centre in Didcot. *Photographer: Tom Skipp/Bloomberg*

Goldman Sachs retreated from quantum computing while JPMorgan has doubled down, contrasting Wall Street’s divide on harnessing the technology.

Signage at an Apple Store in San Francisco, California, US, on Monday, Jan. 26, 2026. Apple Inc. is expected to release earnings figures on January 29. Photographer: David Paul Morris/Bloomberg

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PARIS, FRANCE - SEPTEMBER 29: (EDITORIAL USE ONLY - For Non-Editorial use please seek approval from Fashion House) A model walks the runway during the Saint Laurent Womenswear Spring/Summer 2026 show as part of Paris Fashion Week on September 29, 2025 in Paris, France. (Photo by Stephane Cardinale - Corbis/Corbis via Getty Images) — The Saint Laurent Womenswear Spring/Summer 2026 show in Paris.

Fashion may be signaling economic trouble, Andrea Felsted writes. The return of the 1980s aesthetic—defined by excess—echoes a period that preceded the 1987 stock market crash.

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Campus Scene, Yale University, New Haven, Connecticut, USA. (Photo by: Plexi Images/GHI/UCG/Universal Images Group via Getty Images)

Allison Schrager

Yale Is the Least of US Higher Education’s Problems

Stock market information displayed on the floor of the American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York, US, on Monday, March 23, 2026. US stocks rallied on Monday after President Donald Trump ordered the Pentagon to hold off on military strikes against Iranian energy infrastructure, spurring a retreat in oil prices.

Nir Kaissar

US Stocks Will Keep Ignoring the Iran War

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Ask Americans how much they need to retire and one number comes up: $1 million. Better, simpler rules offer a more practical way to plan and lower the risk of running out of money, no matter your target. Here’s what to save instead.

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The HSBC headquarters building in Hong Kong. Photographer: Lam Yik/Bloomberg

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A band plays at Café Central on the last night before the 44-year-old jazz venue closes.

Madrid Locals Are Fighting to Preserve the City’s Soul

Shooter’s motive probed

Warsh Confirmation Set to Advance as GOP Holdout Backs Vote

Deep Dive: Billionaire Backlash

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