Finance news

US shifts South China Sea reconnaissance towards drones and Philippines: think tank

US “freedom of navigation” operations in the South China Sea declined last year, as it relied more on the Philippines and uncrewed drones for reconnaissance flights over the contested waters, a Beijing-based think tank found. The think tank said that as large American vessels such as aircraft carriers and amphibious groups faced growing maintenance and deployment constraints such as the Middle East conflict, Washington had changed the nature of its presence in the Asia-Pacific region. Yet, the..

Federal Reserve Board announces termination of enforcement action with Jiko Group, Inc.

Federal Reserve Board announces termination of enforcement action with Jiko Group, Inc.

Federal Reserve Board issues enforcement action with employee of Bank of Eufaula and S N B Bancshares, Inc.

Federal Reserve Board issues enforcement action with employee of Bank of Eufaula and S N B Bancshares, Inc.

What are the point of bond funds? (SWAGX)

I have about 25% bonds in my portfolio. I set this allocation back when I started, so I would at least Be somewhat protected. Looking at performance I might as well kept it in a HYSA or something. I know if interest rates drop bonds would go up but they are already fairly low and probably will be hikes in the future. Since 2017 this fund is down about 10%. At least the rest of my portfolio is in the SP500/total market. I’m not really asking for help just wondering why this even exists lol submit

US inflation rises to 3-year high, spending picks up

US consumer spending accelerated in May even as prices rose at the fastest pace in more than three years, suggesting Americans are powering through the fallout from the Iran war. The personal consumption expenditures price index rose 4.1 per cent last month from a year earlier, the most since April 2023, Bureau of Economic Analysis data out on Thursday showed. Excluding food and energy, prices were up 3.4 per cent from a year earlier. Inflation-adjusted consumer spending rose 0.3 per cent from a

Philippines deploys US-made Triton naval drones in its western waters to scout for intruders

The transfer comes after the military revealed that China discreetly deployed a 6x6 meter floating platform equipped with an antenna at Scarborough Shoal.

Beijing slams US, European concerns over coastguard patrols near Taiwan

Beijing on Thursday rejected criticism from the United States and three European nations over its recent coastguard operations east of Taiwan, declaring the patrols were lawful and necessary to safeguard its maritime rights and regional order. The rebuke came a day after the US, Britain, France and Germany expressed concern over the coastguard deployments, saying the activities “threaten regional stability and the freedom of navigation and safety of international shipping”. Chinese foreign...

A $600,000 Ferrari? How healthcare scam artists are laughing at the rest of us.

Ordinary people are trying to make the rent, and fraudsters are ripping off Medicare, Medicaid and private insurance.

Consumer spending rises again — and now cheaper gas is on the way

Americans have been spending more, but mostly because of rising inflation.

Economy: Important US inflation measure continues to rise

A key price index reached its highest level since November 2023 in May. This increases the pressure on the US Federal Reserve, whose monetary policy leeway is thereby reduced.

Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows

The personal consumption expenditures price index was expected to show a 4.1% annual increase.

Piero Cipollone: Central bank money for the digital era

Dax current: Before US inflation: Dax is in the black

In Europe, chip stocks are also benefiting from the quarterly figures of the US chip manufacturer Micron. However, it is not yet enough for the German leading index to jump above 25,000 points.

3-year-old found dead in car during France heatwave

A three-year-old has died after finding himself trapped in a car in the Paris region in extreme heat, a prosecutor said on Thursday, the third such fatality this week. The boy had slipped into the family car while his father thought he was napping, then found himself unable to get out with the child lock in the town of Saint-Gratien, the prosecutor said, after a police source and civil defence also reported the death. France on Wednesday recorded the hottest day since measurements began in 1947,

$70 Oil Could Put India Back on Track for 7% Economic Growth

India’s economy could return to the trajectory to grow by 7% and even more in the fiscal year through March 2027 if oil prices remain close to the current $70 per barrel, according to a senior official at India’s central bank. Oil prices at about $70 a barrel eased tensions in the Middle East, and a pick-up in tanker traffic at the Strait of Hormuz would reduce upward pressure on India’s inflation and improve the outlook for its economy, Nagesh Kumar, an external member of the Reserve Bank of In

Production forecast: Mechanical engineers no longer expect growth in 2026

Many companies are not operating at full capacity. In addition, there is increased uncertainty due to the Iran war and rising inflation. The issue of supply chains is also placing greater strain on the industry again.

Iraq Could Quit OPEC in Bid to Pump More Oil

OPEC’s second-largest producer, Iraq, is considering exiting the cartel if the organization rejects Baghdad’s plan to boost its oil production quota in line with some of the other members, sources in the Iraqi government have told local news outlet Shafaq. Iraq proposes to boost its oil exports to compensate for the losses in production and sales it has incurred since the start of the war, according to Shafaq’s sources. The federal government is also estimating the impact of Iraq potentially exc

Extremely concerned about the Fed's rate hike

Hey guys, I'm growing extremely concerned that the Feds certainly will hike rate this year. Back in 2022, I didn't understand why stock markets were so bad. It was mostly because the Fed hiked rate too much in a year. Now Kevin Warsh's hawkish stance on inflation makes me feel so uneasy. If they hike rate 2 or 3 times this year, that would certainly destroy this bull market. What do you think? Are you fully invested? Or keep cash ? I think I'll aggressively trim my accounts in July. submitted by

Trump Singles Out Exxon, Chevron, Shell, and BP Over High Gas Prices

President Donald Trump has listed Exxon, Chevron, Shell, and BP as being among companies responsible for excessively high fuel prices, following the announcement of a federal government probe into price-gouging earlier in the week. “Oil prices have come down so much and we are not seeing anything at the pump by comparison the way they should be,” the U.S. president told media, as quoted by the BBC. “We should be, in my opinion, at $2.25 [a gallon] right now at the pump and we are higher than tha

ECB to integrate non-financial credit claim portfolios into general collateral framework, phasing out temporary measures

Trading212 new entity and new interest rate

I’m based in Spain and trading212 pays me 2.4% interest rate on euro. However, for new accounts there is an offer of 3.5%. According to the support I’d have to close my account and open a new one to get the higher interest rate. Meaning, I would have to sell my shares. Is there another way? E.g. transfering shares to another broker? submitted by /u/Aggravating-Log-444 [link] [comments]

Isabel Schnabel: Interview with Die Zeit

Philippines foils second planned high school attack in Leyte in days

Philippine authorities successfully foiled another possible school attack in Leyte province just two days after Monday’s deadly shooting in Tacloban City, thanks to a timely tip from Senator Bam Aquino. The senator, nephew of former president Corazon Aquino, informed Interior Secretary Jonvic Remulla of the threat on Wednesday night. “At 8 o’clock last night, Senator Bam Aquino called me up and gave me a tip that there was chatter in Tacloban that there was an impending mass shooting that was...

Trump meets munitions makers amid push to replenish weapons stockpiles

Pentagon negotiators are pressing contractors to move much faster to boost output.

Micron quadruples revenue, +14% after hours.

Revenue: $41.46 billion versus $35.84 billion estimated EPS: $25.11, adjusted, versus $20.78 estimated Gross Margin: Adjusted gross margins hit a record-breaking 84.9%, topping tech leaders like Nvidia and Meta. Data Center Strength: Driven by skyrocketing AI memory demand, data-center sales soared 415% year-over-year to $25 billion (61% of total sales). Guides $49-$51B. +14% AH move. Reddit neva right. submitted by /u/mulletstation [link] [comments]

Moving out of mutual funds sanity check

My girlfriend (37) has $240k in proprietary mutual funds through Principal. They’re very conservative and she wants to put that money to work. Here’s our plan: Sell all the mutual funds, transfer that cash to a brokerage account with Fidelity, start maxing her employer 401k for 3 years and use the fidelity brokerage account to offset, start maxing her Roth IRA for 3 years and use the brokerage account to offset, then finally with the remainder brokerage amount DCA into FXAIX and the Fidelity 205

General who was last US soldier out of Afghanistan suddenly steps down

The US Army’s commander of its forces in Europe and Africa – who was famously the last American soldier to leave Afghanistan in 2021 – is unexpectedly stepping down from his post after just 18 months in the job, the Army confirmed late on Tuesday. General Christopher Donahue, commanding general of US Army Europe and Africa and commander of Nato’s Allied Land Command, will relinquish his command on July 2, according to an Army statement. He is the latest in a line of nearly two dozen top military

8 takeaways from the US-Iran war

The war in Iran is effectively over. Although the dust has yet to settle, some lessons are already visible. First, US President Donald Trump has waged a personal war at the world’s expense. Chinese philosopher Lao Tzu warned that arms are ill-omened tools, employed only as a last resort. Trump, who has admitted he doesn’t like to read, may not realise this. Few people know why he ordered a strike on Iran. Maybe kidnapping president Nicolas Maduro in Venezuela was too easy or Israeli Prime...

With no team in World Cup, China fans root for Ronaldo, Messi … and a referee

On a sunny day in Brooklyn’s Dumbo neighbourhood, punters piled into the fifth floor of Time Out Market to Portugal House – part food court, part bar, full-blown World Cup party. The room was awash with Portuguese team jerseys, filled with fans sipping cold beer and soft drinks, proudly singing Portugal’s national anthem before their match against DR Congo. “Hopefully, one day I can sing the Chinese national song in a World Cup stadium,” said Zhai Yibo, a 20-year-old Chinese student studying in.

JPMorgan Chase unveils $50 billion buyback, Goldman Sachs raises dividend after Fed stress test

The announcements followed the release of the Federal Reserve's annual stress test, which found that all 32 large banks weathered a hypothetical recession.