Finance news

How much liquidity is actually in the market?

With Google dropping 85 billion of new shares, SpaceX getting ready to IPO and sell 75 billion, and Anthropic and OpenAI filing their S1s to go public "soon" there's at least 160 billion that needs to be "bought up" if the IPOs sell at their target price, and a total of 320 billion if we assume Anthropic and OpenAI choose to raise similar amounts (85 + 75 + 80 + 80 billion) The largest year of IPOs so far has been in 2021 with $303 Billion done in a year. This means this year will likely top tha

leaning towards spym > voo... but is there a risk spym stops tracking the s&p 500 eventually?

opening a brokerage through fidelity. wanting to invest in the s&p 500. as much as i want to go with vanguard etfs after reading the simple path to wealth & the little book of common sense investing... spym has them beat on the expense ratio (0.02% vs. 0.03%). (i know fidelity offers fxaix at 0.015%, but i think i want flexibility to transfer away from fidelity if i need to down the line.) anyways - i've read that spym (formerly splg) used to track the russell 1000 until 2020 or so, and then swi

Federal Reserve: Markets switch to interest rate hikes by the US Federal Reserve

Rising bond yields and new interest rate forecasts: Investors and economists are adjusting their expectations of the Fed in the wake of the latest US economic data.

Ceasefire Caps Oil Rally as China Demand Weakens

Supertankers Are Back in Fashion as Hormuz Risk Rewrites Oil Trade - The US-Iran crisis has engendered a shipbuilding boom, with the global orderbook for supertankers soaring to an all-time high as shippers race to lock in Very Large Crude Carriers (or VLCCs) for 2029-2030 delivery. - There are currently 262 VLCCs on order at shipyards around the world, surpassing the previous record posted in September 2008 (254), with orders jumping by a whopping 99 since the beginning of 2026. - Some 10% of t

spacex ipo retail access looks unusual

been looking into the broker side of the spacex ipo and one thing stands out: retail allocation looks much bigger than what most large ipos usually allow. a few brokers currently offering access: Fidelity - lowered the minimum account requirement for this ipo Robinhood / SoFi - no big minimums, but flipping restrictions apply Schwab - still has a pretty high barrier compared to others important detail: submitting an IOI is only a request, not a guaranteed allocation. if demand stays high, most p

This proposed federal budget cut could eliminate job training for 42,000 vulnerable seniors

A job-training program for low-income older adults is set to lose funding under President Donald Trump’s proposed budget for 2027 — just as more stringent work requirements for food aid and healthcare coverage go into effect.

Inflation is set to top 4% for the first time since 2023 — and the Fed is back in the hot seat

The rate of U.S. inflation is primed to top 4% for the first time in three years — and the negative repercussions are likely to be felt for the rest of the year.

Pentagon blacklist raises spectre of investment curbs for Chinese tech firms

The Pentagon’s expanding blacklist of Chinese companies is increasing reputational risks for some of the country’s biggest technology firms and raising the prospect of future restrictions on access to US investment, according to legal experts. In a Federal Register notice scheduled for publication on Wednesday, the US Department of Defence designated a broad group of Chinese companies as “Chinese military companies” under Section 1260H of the National Defence Authorisation Act. The latest...

What deals and discounts are on offer for Hong Kong’s July 1 celebrations?

Hong Kong will roll out a range of discounts, free rides, giveaways and other deals as the city celebrates the 29th anniversary of its return to Chinese rule on July 1. From MTR rides to shopping centre coupons, the South China Morning Post unpacks what the city has to offer for the occasion. 1. Free transport Rail operator the MTR Corporation will give away 71,000 domestic single-journey tickets through a lucky draw on July 1 and offer Airport Express discounts to holders of child Octopus,...

Bank of Japan set to hike key interest rate to 1%

Dax current: Dax is turning positive - two stocks are clear daily winners

During the morning, the Dax freed itself from the sideways trend and turned upwards. Meanwhile, investors are likely to wait for the upcoming interest rate decisions from the ECB and Fed.

Is that a Chinese antenna at Scarborough Shoal? The Philippines thinks so

The Philippines has accused China of building an artificial structure at the hotly contested Scarborough Shoal in the South China Sea. Citing aerial monitoring, the National Task Force for the West Philippine Sea, an inter-agency body overseeing Manila’s maritime strategy in the South China Sea, said on Tuesday that a floating platform six metres (19.7 feet) wide and six metres long was located within the shoal. The structure appeared to be an antenna and individuals were seen on board, the task

Bank of Japan set to hike key interest rate to 1.0%

As Putin courts Southeast Asia, does ‘Russia need Asean more’?

A summit between Russia and Asean next week promises to ease Southeast Asia’s energy crisis and Moscow’s diplomatic isolation – but not all of the bloc’s leaders are expected to show up. Analysts are also divided on whether Philippine President Ferdinand Marcos Jnr, the current Asean chair, will travel to Kazan for the meeting, hosted by Russian President Vladimir Putin on June 17–18. The summit marks the 35th anniversary of diplomatic relations between the Association of Southeast Asian Nations

Trump’s forced-labour tariffs put Southeast Asia in the firing line

Southeast Asia’s extensive supply chains could be disrupted if it faces planned US tariffs over Washington’s accusations of forced labour in 60 economies, as analysts say the proposal is just a way for President Donald Trump to resurrect his trade levy agenda. Cambodia, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam are among the economies flagged by the US for purportedly failing to prevent goods made with forced labour from reaching its market. Washington said the...

Philippines’ deadly quake, India’s rise in critical minerals: 7 Asia highlights

We have selected seven stories from the SCMP’s coverage of Asia over the past week that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. At least 35 dead, 200 injured, after magnitude 7.8 quake hits Philippines At least 35 people were killed and more than 200 injured after a magnitude 7.8 earthquake struck the southern Philippines on Monday, toppling buildings, setting off landslides and sending panicked.

Rescuers search for survivors after Philippines quake kills 37

Rescuers searched the rubble on Tuesday of a collapsed building in the southern Philippine city of General Santos, the worst hit by a powerful earthquake that has killed at least 37 people and injured hundreds, to reach two people still believed to be trapped inside. Regional fire officer Edgar Tanawan, who was leading the operation, said two people had been pulled out ‌alive from the commercial building, housing a grocery store and other businesses, but a third was found dead. Scanners had so..

The savings bank doesn't seem to understand anything

Yes, dear Sparkasse, it is precisely because of a few percent that switching away from you makes sense and is necessary. A few percent per year makes them sound like peanuts, but in the long term it amounts to hundreds of thousands of euros, regardless of whether it is a few percent in costs or a few percent less return or interest. How cheeky or ignorant to advertise with this... 😂 submitted by /u/Detinu24 [link] [comments]

Hong Kong basketball coach arrested over viral video of him slapping student

A veteran Hong Kong basketball coach has been arrested on suspicion of common assault after he was seen in a video slapping a young player, the South China Morning Post has learned. A source told the SCMP that Yung Kam-wah was arrested on Monday and released on bail early on Tuesday, adding that he must report to police in July. Under the law, a person convicted of common assault is guilty of an offence triable either summarily or on indictment and is liable to imprisonment for up to one...

Knicks ticket prices plunge more than 50% ahead of Game 3 at MSG — but not just because Trump’s going

Ticketing-industry pros say there’s a bigger driver behind some ticket prices dropping several thousand dollars.

OpenAI confidentially files for IPO, prepping Wall Street for mega AI debut

OpenAI's confidential filing lands days before SpaceX is set to go public and a week after Anthropic announced its confidential disclosure with the SEC.

Inflation could top 4% this week. The bond market wants Fed Chair Warsh to prove he’ll fight it.

Investors are growing impatient with inflation that looks unlikely to be tamed on its own.

An inflation storm is brewing in the Pacific Ocean — and your portfolio isn’t ready

A looming climate shock threatens to drive up global commodity prices. These investments can help protect your purchasing power.

Nationals from China, India among 17 new US denaturalisation cases

The Trump administration is stepping up efforts to revoke the citizenship of naturalised Americans, with the US Justice Department on Monday filing lawsuits against 17 people accused of obtaining citizenship through fraud or concealing serious crimes. Among those targeted is a Chinese-born resident of the state of Georgia who prosecutors say hid a prior deportation order and immigration history under a different identity before becoming a US citizen in 2006. The announcement was accompanied by..

Trump’s US$100,000 H-1B visa fee is an unlawful tax, judge rules

A federal ⁠judge on Monday ⁠struck down a US$100,000 fee that ⁠US President Donald Trump imposed on new H-1B visas for highly skilled foreign workers, concluding that it constituted an unlawful tax that Congress never authorised. US District Judge Leo Sorokin ‌in Boston issued the ruling in a lawsuit filed by 20 Democratic state attorneys general challenging a fee Trump announced in September that dramatically raised the cost of obtaining H-1B visas. The H-1B programme offers 65,000 visas...

Convicted FTX founder Sam Bankman-Fried files formal request for Trump pardon

The co-founder of the now defunct FTX crypto exchange is currently serving a 25-year federal prison sentence.

US adds Alibaba, BYD and other Chinese tech champions to military company blacklist

The Pentagon has designated Alibaba, BYD, Baidu and more than a dozen other prominent Chinese companies as “Chinese military companies” operating in the United States, widening a blacklist that has become an increasingly effective tool in Washington’s campaign to restrict China’s access to American capital, technology and government contracts. In a Federal Register notice scheduled for publication on Wednesday, the US Defence Department said the Under Secretary of Defence for Acquisition and...

Inflation

Read through latest topics and wondering if anyone really mind inflation while planning to deposit on 3% terms. Would’ve been really appreciated to read your thoughts, expectations, forecast, strategies. submitted by /u/mrWhitehood [link] [comments]

Germany and France drop joint fighter jet project

Failure to reach an agreement underscores the struggles Europe has faced in rebuilding its military capacity after decades of underinvestment.

China's LNG Imports Hit Highest Point Since Iran War Began

China's state-controlled energy giants are buying and importing the highest volumes of liquefied natural gas since the war in Iran began as the world's top LNG importer prepares for peak summer demand and heat waves. Private buyers are also stepping up purchases and China looks to replace the loss of Qatari gas. Chinese LNG importers are now taking between 7 and 10 cargoes per month to replace Qatar's deliveries, traders told Bloomberg on Monday. Part of Qatar's LNG that was loaded on cargoes be