Finance news

Chip boom powers Hong Kong stock exchange at 40. Innovation, resilience set next stage

Stepping into the former trading hall in Exchange Square on Thursday was like walking through a doorway into the 1980s. Brokers, wearing the iconic red jackets of the period, stood alongside Cathay Pacific Airways flight attendants in retro uniforms, evoking memories of the hall before its closure. The special gong-striking ceremony in Central marked the 40th anniversary of the merger of Hong Kong’s four stock exchanges into the Stock Exchange of Hong Kong (SEHK). Cathay was the first company to

Trump ordered to address fraud claims in IRS case that led to ‘slush fund’ for allies

A federal judge ordered US President Donald Trump to respond to “grievous allegations” that his deal with the government to create a US$1.8 billion fund to resolve his lawsuit against the Internal Revenue Service was the result of a “fraud” on the court. In an order on Friday, US District Judge Kathleen Williams gave the president’s personal lawyers until June 12 to respond to a request by a group of former federal judges that she reopen the proceedings to investigate conduct by the president...

Tariffs, war and broken trust: Southeast Asia’s Trump problem

The goodbye emails started arriving on a Monday. By Friday, Sheila’s inbox told the story of an organisation coming apart at the seams, one farewell at a time. Sheila* had spent nearly a decade helping run US-funded development projects in the Philippines. She had watched them grow, hire staff and take root in local communities. When Washington ordered a freeze on foreign aid in January 2025, she told herself it was just a pause – a bureaucratic blip pending a review by the new...

How’s everyone’s portfolio doing? 2.0

Happy weekend y’all. 2 months ago, I asked this question in this subreddit and fast forward 62 days later, the market has been printing green non-stop which honestly, I’m quite surprised given the sentiments back then. Some of you were saying more pain to come while some were more sanguine Personally for me, my account finally punched through my 3 November 2026 ATH as of yesterday’s close and I’m up about 26% YTD (Thank god for SNDK & MU) So what’s everyone’s view for the next few months? Are we

Japan and Philippines elevate ties amid China security concerns

Foxconn to start shipping next-gen optical tech for AI data centers

US rate hike on the table as inflation persists: Chicago Fed chief

Why the Philippines walks a delicate balance as Asean chair

When Philippine President Ferdinand Marcos Jnr accepted the Asean gavel from Malaysian counterpart Anwar Ibrahim in Kuala Lumpur last October, the script was already written: a packed agenda, South China Sea diplomacy in the spotlight and a regional digital economy deal to clinch. Then the world changed. On February 28, US and Israeli forces struck Iran. The Strait of Hormuz, an artery of global shipping through which 98 per cent of the Philippines’ crude oil imports travel, became a war zone...

Time to buy Bonds? Or, is my glass looking too half empty

Strong growth, deficits, and supply of treasuries support elevated long-term yields. The curve is upward-sloping. I have an inkling... or am i being focused on the inflation rebound??? I know they aren't screaming, like they were in the 2022's/23's, but my spidy senses are tingling. submitted by /u/No-Drive8630 [link] [comments]

Japan's bond quake grips the world

"The bond market in Japan is undergoing a long-term normalization that can cause disruption worldwide. Higher domestic yields reduce the incentive of Japanese investors to park capital in US Treasuries. This may dampen demand for US bonds, but is likely to be gradual rather than shock-like. The bottom in JGB prices has not yet been found. The central bank faces the challenge of not raising interest rates too quickly in order not to collapse the stock market

Bondi refused to answer questions about Trump and Epstein files, Democrats say

Former US attorney general Pam Bondi rebuffed questions about President Donald Trump’s involvement in handling records of the Justice Department’s investigation of accused sex trafficker Jeffrey Epstein, Democratic lawmakers said. “She refused to answer any questions about President Trump,” congressman Robert Garcia, the top-ranking Democrat on the House panel investigating Epstein, told reporters during a break in the committee’s closed-door questioning of Bondi. Bondi also pushed any blame for

Top interest rates for overnight money: Four savings banks are breaking an old interest rate rule

Most savings banks provide their customers with micro-interest rates. Now some institutes are pushing forward with top conditions - and are provoking internal rows.

Kansas Fed Pres Warns Oil Price Shock Might Not Be Transitory

Federal Reserve Bank of Kansas City President Jeffrey Schmid has warned that the current global energy shock cannot simply be dismissed as transitory, given already-elevated baseline inflation. Speaking at a conference in Iceland, Schmid pointed out that inflation has stalled near 3% and remained above the Fed's 2% target for a long time, making it challenging for the central bank to "look through’’ surging oil prices. Schmid has argued that current monetary policy may not be restrictive enough,

Fed Governor Michelle Bowman warns against hiking interest rates because of inflation spike

Bowman said reacting to the inflation surge, driven primarily by energy prices and tariffs, has proven ineffective.

Chevron CEO: Multiple Ships Attacked In Strait of Hormuz

Multiple vessels transiting the Strait of Hormuz have suffered attacks this week, Chevron Corp. (NYSE:CVX) Chief Executive Officer Mike Wirth revealed in an interview on Bloomberg TV on Friday. According to Wirth, these previously unreported incidents highlight ongoing risks for ships plying the channel despite any ongoing diplomatic efforts. Commercial shipping traffic through the key chokepoint--which normally carries 20% of the world’s petroleum--remains paralyzed with traffic at roughly 10%

Brussels fires starting gun on tougher China trade policy, as Beijing vows retaliation

The European Commission agreed on a tough new approach to trade relations with China, at a rare Beijing-focused debate among Brussels’ leadership on Friday. In a presentation, trade chief Maros Sefcovic laid out why the bloc needed to take stronger steps to defend itself from what is described as a new “China shock” to its industries, according to people briefed on the event. This may require developing a new instrument to compel companies in critical sectors to expand both the number and the...

Philippines Receives First Iranian Crude Cargo Since Hormuz Blockade

The Philippines has received its first cargo of Iranian crude, Reuters reported on Friday, citing tanker-tracking data from Kpler and Vortexa. A Suezmax vessel capable of carrying up to 1 million barrels of crude that departed from Iran's Kharg Island in late March made a ship-to-ship transfer offshore Singapore onto another tanker, which delivered the oil to the Bataan refinery in the Philippines in the middle of May, according to the data. The delivery was the first Iranian cargo to the Philip

Oil Prices Suffer Biggest Weekly Collapse in Two Months

Brent crude is heading for its biggest weekly drop in two months as markets bet on a 60-day ceasefire extension and partial reopening of the Strait of Hormuz. ICE Brent is set to post its largest weekly loss in two months, dropping by almost 10%, as media reports present a 60-day extension of the current ceasefire and a temporary Hormuz navigation deal as close to being a done deal. Whether US President Trump and Iran’s Supreme Leader Khamenei agree to the deal or not, Brent at $92 per barrel su

How far is there to go until the US and Iran end the war?

A tentative deal has been reached to end the war and restart transit in the Strait of Hormuz, and then negotiations on more difficult issues would begin.

US judge freezes Trump ‘slush fund’ for allies

A federal judge on Friday temporarily blocked the Trump administration from moving ahead with a US$1.8 billion compensation package that critics have denounced as a “slush fund” for President Donald Trump’s political allies. US District Judge Leonie Brinkema barred the administration from taking any further action to create or operate the fund while she considers whether to impose a longer-lasting pause. Her order blocks the transfer of money into the fund, the consideration of claims and the...

Student loan borrowers will have two new repayment options come July 1. Here's how to pick one

Starting July 1, millions of federal student loan holders will have two new ways to repay their debt. Here's what to know about the additional options.

India's Central Bank Warns Oil Shock Threatens Growth

India's economy remains resilient to the external shocks, but the oil price surge amid the global supply disruption poses near-term downside risks to economic growth and upside risks to inflation, the Reserve Bank of India (RBI) said in its Annual Report for 2025-26 published on Friday. "Against the backdrop of a moderate global growth, the outlook for the Indian economy in 2026-27 remains positive, supported by strong macroeconomic fundamentals, although a prolonged West Asia conflict may pose

Education: When top grades become meaningless

Good grades are increasingly being awarded in an inflationary manner. The US elite university Harvard wants to take action against this. German universities should also take countermeasures. A guest post.

Inflation: Fuel rebate conceals surge in inflation – ECB is clearly heading for an interest rate increase

The decline in inflation in Germany is the exception in the euro zone. For economists, however, this is no reason to give the all-clear. They see a need for action by the European Central Bank.

Consumer prices: Inflation falls significantly - “Fuel discount has served its purpose”

The Iran war has hit Germany's economy and consumers' wallets. But the price pressure eased in May. This is probably due to a political device.

Philippine lawmaker surrenders, posts bail after court orders his arrest

A Philippine anti-corruption court ordered the arrest of a prominent senator on Friday over allegations he pocketed a kickback of millions of dollars in a flood-control project, in the latest crisis to entangle the Senate. Senator Jinggoy Estrada surrendered and posted bail before the Sandiganbayan court, allowing him to remain free while the case proceeds. The court barred Estrada from leaving the country while facing the first of two corruption-related charges in relation to the flood control.

‘Illegal and void’: China condemns Japan-Philippines maritime border talks

China has condemned the launch of maritime boundary negotiations between Japan and the Philippines, calling the talks “completely illegal and void”. The protest followed a joint statement released on Thursday after a summit between Japanese Prime Minister Sanae Takaichi and Philippine President Ferdinand Marcos Jnr in Tokyo. During the talks, the two sides agreed to elevate bilateral ties to a comprehensive strategic partnership to strengthen cooperation in areas including the economy, security.

Bolivia’s Austerity Shock Triggers Nationwide Revolt

Politics, Geopolitics & Conflict Austerity measures in Bolivia have gone too far, too fast, putting the president’s political longevity in question. Bolivian President Rodrigo Paz, who came into office six months ago, backed by Washington and promising market-oriented reforms during a severe economic crisis, is now facing nationwide unrest after scrapping fuel subsidies, pursuing austerity measures, and attempting land reforms that triggered fears of consolidation by larger agricultural interest

Vietnam, Philippines to deepen strategic ‘alignment’ on 50th anniversary of ties

Vietnam and the Philippines have overlapping claims in the South China Sea, but as Vietnamese President and Communist Party leader To Lam heads to Manila next week, analysts say the two neighbours are increasingly focused on what they can do together rather than what divides them. Lam’s two-day state visit on Sunday and Monday comes as both countries mark 50 years of diplomatic relations and a decade of strategic partnership, with Manila and Hanoi seeking to deepen cooperation on trade, food...

Daily General Discussion and Advice Thread - May 29, 2026

Have a general question? Want to offer some commentary on markets? Maybe you would just like to throw out a neat fact that doesn't warrant a self post? Feel free to post here! Please consider consulting our FAQ first - https://www.reddit.com/r/investing/wiki/faq And our side bar also has useful resources. If you are new to investing - please refer to Wiki - Getting Started The reading list in the wiki has a list of books ranging from light reading to advanced topics depending on your knowledge l