Finance news

USDA lowers reported beef export sales by 90% amid growing doubts over data

The US Department of Agriculture dramatically lowered its reported beef export sales for late June on Thursday, sparking fresh concerns about the quality of the agency’s data after staffing losses as part of the Trump administration’s reshaping of the federal government. USDA said exporters in late June sold a net 12,064 tonnes of US beef to foreign buyers, 90 per cent lower than the volume it originally reported ‌a week ago. Traders had largely dismissed USDA’s initial report as inaccurate....

Kevin Warsh names members of his Federal Reserve task forces, including Marc Andreessen, Doug McMillon

Federal Reserve Chairman Kevin Warsh on Thursday released names of the experts who will comprise five task forces to examine the institution's operations.

Kalshi traders see roughly 50% odds of a rate hike in 2026 as Fed is split on policy

Wednesday's Fed minutes showed a divided outlook on where interest rates are headed this year. Traders on Kalshi see a 54% likelihood of a hike before 2027.

Federal Reserve announces the leadership and objectives of its task forces to advance the conduct of monetary policy

Federal Reserve announces the leadership and objectives of its task forces to advance the conduct of monetary policy

Walmart targets Japanese food as US inflation brings wealthier shoppers

Anthropic appoints former Fed Chair Ben Bernanke to its independent trust

Members of the trust advise Anthropic leadership and do not hold any equity in the company.

Shippers Cool on Green Fuels as Costs Stay Too High

The shipping industry is being blamed by climate activists for emitting a solid portion of the world’s atmospheric carbon dioxide. Under pressure, the industry has been trying to find an alternative to the traditional fuels it uses, all petroleum derivatives. It has, however, encountered a problem. All the potential—presumably greener —alternatives are so expensive, no one can afford them. The shipping industry accounts for about 3% of global carbon dioxide emissions. For activists and politicia

Federal Reserve Board issues enforcement action with TS Banking Group, Inc. and TS Contrarian Bancshares, Inc.

Federal Reserve Board issues enforcement action with TS Banking Group, Inc. and TS Contrarian Bancshares, Inc.

“Labyrinth of special rules”: competition watchdogs attack the industrial electricity price

In its main report, the Monopolies Commission identifies a “patchwork of subsidies” in electricity price relief for industry. Medium-sized companies often lose out in the confusion.

Ohio is America's Top State for Business in 2026, capping yearslong rise with first No. 1 finish

Ohio tops CNBC's rankings for the first time in 2026, with the Buckeye State culminating a yearslong climb as the place to do business in America.

Fund tip of the week: This fund has bonds that are not harmed by interest rate increases and inflation

Rising interest rates and a wave of corporate bankruptcies are scaring pension fund investors - wrongly, as a successful fund from Hamburg proves.

Monetary policy: ECB deliberately leaves the future interest rate path in the euro area open

In its most recent minutes, the Euro Central Bank confirms the waiver of “forward guidance”. However, experts assume that the interest rate increase in June will not remain an isolated case.

Buy a parental home or receive it as a gift

Hello everyone, you always see videos on Insta showing how smart it is not to get your parents' house as a gift, but rather to buy it. So house used by parents. For example, this one: https://www.instagram.com/p/DVva6vxiEAm/comments/ Either that's not true or I won't check it. If they say I'm buying (with a seller's loan): For example, I get €2000 a month in rent and pay €2000 in installments. Then cash flow is 0. They also include a tax refund. I don't see any Vo

Meeting of 10-11 June 2026

China child influencers slammed for ‘distorting values’ in staged online videos

A three-year-old girl is fed extensively by her parents leading her to weigh as much as 35kg from eating hearty meals in front of a camera as a live-streamer. A young boy and a girl of his age are presented as a couple and perform intimate exchanges onscreen. Another young boy is filmed eating live worms and snails. These unsettling scenes are from viral videos featuring so-called online celebrity children, a group which emerged years ago but has triggered controversy in the meantime. In early..

Bonnie Tyler, singer of epic ‘Total Eclipse of the Heart’ dies at 75

Bonnie Tyler, the gravelly voiced, Grammy-nominated Welsh pop star best known for singing the chart-topping power ballad “Total Eclipse of the Heart” in 1983 and seeing new generations succumb to its bombastic charms during solar and lunar eclipses, has died. She was 75. Tyler died “unexpectedly” in a hospital in Portugal where she was being treated for an illness, her family said on Thursday in a statement on her website. She was hospitalised in May in Faro, where she had a home, for emergency.

€305k in one taxable account, thinking about going part time. Am I actually there yet?

I'm in the EU(38M) so there's no 401k, no Roth, no IRA, not even a UK ISA. No tax sheltered retirement wrapper at all. It's all just a plain taxable brokerage at IBKR. Makes the math cleaner but also scarier, since nothing is locked away, it's one account I could nuke any day I lose my mind. My numbers (I'm single): Net worth: ~€305k VWCE (FTSE All-World, accumulating): €230k AGGH (global bonds): €40k P2P: ~€10k Cash buffer: €25k, about a year of expenses No property, I rent a 1 bed at ~€750/mo

US-Iran ceasefire collapse revives risks of global inflation

China called on the United States and Iran to stick with peace plans after a resumption of missile strikes in the Middle East spurred a jump in oil prices. “Reigniting the conflict does not serve any party’s interests,” a spokesman for China’s Ministry of Foreign Affairs said on Wednesday. “We call on the US and Iran to follow through on their memorandum of understanding, resolve disputes through dialogue and negotiation, and avoid resorting to force.” Brent crude, the global oil benchmark, rose

Investors have more to worry about than yen bears on the hunt

Why are global investors so bearish on the yen? There are good reasons Japan’s currency should be gaining in value. Last month, the Bank of Japan (BOJ) raised interest rates to a 31-year high of 1 per cent and signalled it would continue increasing borrowing costs. Bond markets are currently pricing in a nearly 90 per cent probability of another increase by December. Nominal wages in Japan have risen by more than 3 per cent for four straight months, the longest streak since 1992. Moreover, the..

AI and economy fuel stress for 40% of DSE candidates: Hong Kong youth group poll

Fewer Hong Kong university entrance exam candidates reported high stress levels compared with last year, but nearly 40 per cent cited artificial intelligence (AI) and the economic outlook as their top sources of stress, a survey has found. Releasing the findings of its “Further Education Planning Survey” on Thursday, the Hong Kong Federation of Youth Groups attributed the pressure to concerns that AI would increasingly replace entry-level jobs. The poll surveyed 1,241 secondary students,...

US Strikes Iran for 2nd Straight Day

U.S. Central Command said its forces completed another round of strikes 'to further degrade' Tehran's ability to attack commercial shipping in the Strait of Hormuz.

Fed minutes: US central bankers are increasingly concerned about inflation

Inflation is weighing on consumers in the US. Warsh wants to create price stability with reforms. Can this succeed despite the Iran crisis?

Overcapacity: China is threatened with a relapse into deflation

New inflation data suggests that China's manufacturers cannot escape the negative price spiral. This is also likely to have an impact on national growth figures.

Philippines got an economic upgrade, yet many Filipinos feel it’s no ‘big deal’

The World Bank recently upgraded the Philippines to an upper-middle-income country, but that classification makes little difference to many Filipinos grappling with rising cost of living, debt and stagnant wages. “I laughed actually. Like, for real? Where did the data come from?” Ann Michelle Federez-Abato said of the July 1 announcement that her country’s gross national income (GNI) per capita had reached US$4,850 in 2025, surpassing the US$4,636 cut-off for upper-middle-income...

Economic uncertainty: Survey: Germans worry about their financial future

Inflation and crises put many people under pressure: in a survey, more than half of Germans plan to save more or reduce expenses in the future.

Democrat Graham Platner exits key US Senate race, but denies rape allegation

Graham Platner, a scandal-plagued Democratic Senate nominee whose insurgent rise had drawn comparisons to Donald Trump, ended his campaign on Wednesday after a rape allegation threatened to derail one of his party’s best chances of flipping a Republican-held seat. Platner, a Marine veteran, oysterman and political newcomer, won last month’s Democratic primary in the northeastern state of Maine to face Republican Senator Susan Collins in November’s midterm elections. His withdrawal gives Maine...

China consumer price growth weakens in June while producer inflation rises to near 4-year high

Investors increasingly view China's two-speed growth with robust export and tepid domestic demand as a defining long-term feature of the Chinese economy.

When will Hong Kong’s retail leasing market see a turnaround?

Hong Kong’s retail leasing market remained under pressure with rental rates far below the pre-pandemic levels, while Beijing’s crackdown on capital flight and a potential rate hike in the second half of the year by the US Federal Reserve would add to sector uncertainties, according to analysts. The food and beverage sector has seen numerous closures of both casual eateries and high-end restaurants in recent months. Fast-food chain Maxim’s MX scaled back operations and closed its South Horizons..

Japan PM misses chance for European diplomacy by skipping NATO summit

Investors haven’t been this bullish on the dollar in a decade. How the buck can keep climbing.

A crowded bet on a stronger U.S. dollar may depend on whether Wednesday’s jump in oil prices proves lasting, as renewed Middle East tensions revive inflation concerns and bolster expectations that the Federal Reserve may need to keep policy tight.