Finance news

Energy transition: Battery storage could reduce the burden on the electricity system by billions

The high proportion of wind and solar power leads to fluctuating energy prices. Battery storage could cushion this effect – and save almost four billion euros per year.

Need advice regarding small inheritance allocation and future strategy

Hello ! Long-time lurker, first time contributor to the sub. I need some advice and probably some reality check if my long-term strategy is good and whether I should change anything about me. About me - 37, married with 2 kids (5 and 1), no other debts apart from mortgage (100k eur left with 2.4% interest, payment is around 600/month). Take home money is at around 4k with a prospect of increasing to 4.5 - 4.8 by the end of year. I currently have around 4.5k in VWCE (started late with this one) a

Gold prices fall further after worst quarter in 13 years as interest rate fears hit bullion

Gold fell further on Wednesday, with bullion continuing its slide after suffering its worst quarter since 2013.

The thing with the neobrokers...

Neobrokers’ advertising is misleading. As soon as you move the money into a money market fund in the background, the assets in the clearing account are no longer legally considered an insured bank deposit, but rather as an investment/special fund. Like the normal ETF, this is separate from the balance sheets of the custodian bank, so it protects against the bankruptcy of this very bank. Since the money in the fund itself is loaned to major banks, companies, etc. in order to achieve the return/interest

‘More space, better service’: Hongkongers flock to mainland for July 1 holiday

Hongkongers poured across the border on Wednesday for a wider range of dining, shopping and family leisure options, seeking a short getaway on the public holiday marking the 29th anniversary of the city’s return to Chinese rule. Major border checkpoints, including the West Kowloon terminus and Shenzhen Bay, were packed with holidaymakers carrying luggage, shopping bags and foldable carts as they headed to mainland China on Wednesday morning. Lawyer Edward Wong, 32, left Hong Kong for Dongguan in

ECB annual meeting: Is artificial intelligence driving up inflation – or not?

The ECB annual meeting in Sintra, Portugal, will be dominated by one question: Will AI trigger an economic miracle – or the next US recession?

What is the percentage split in your cash account at TR between overnight money and liquidity funds?

Last month I finally started moving most of my money from my local bank's money market account to my TR cash account. I got less than 0.6% interest from my bank, so it made sense for a long time. There is now a medium 5-digit amount in TR's cash account and gives me a lot more interest. I was aware in advance that with TR not all of the money was stored safely at a partner bank, but parts were also stored in a liquidity facility

CAT ripping to astronomical numbers on the AI story, anyone else think this is getting ahead of itself?

Been watching Caterpillar run hard the last few months and wanted to get some other eyes on this before I size up a position. Stock's at $1,050 now, up something like 50%+ this year. The whole move is being driven by the idea that CAT isn't really a cyclical machinery company anymore, it's an AI infrastructure play because their power and energy segment sells generators and turbines to hyperscalers building data centers. Got reclassified out of the Russell value/defensive indices and into the Ru

Monetary policy: Bundesbank boss Nagel: “Inflation is still too high”

As the Iran war has eased, oil prices have fallen sharply and the pressure on inflation is falling. The ECB should still stay the course, says Nagel. He expects more inflation when the fuel discount ends.

Hongkongers snap up July 1 freebies and discounts with gusto

Hongkongers took full advantage of perks and discounts offered at restaurants, shops, transport and museums to celebrate the 29th anniversary of the city’s return to Chinese sovereignty on Wednesday. Long queues formed at local cha chaan tengs, cinemas, shopping centres and outside attractions in the West Kowloon Cultural District, as well as for free ferry and tram rides. At the arts hub, all free tickets were snapped up for Hong Kong Palace Museum and M+ museum, with visitor numbers at those..

Loans: breathing space or time bomb? The dangerous boom in PIK loans

More and more companies are relying on loans where the interest is only due at the end of the term. This relieves the burden on the cash register in the short term, but the price is high - and the boom is alarming experts.

Chinese PhD graduate invites favourite eatery owners to graduation via delivery order

A Chinese PhD graduate invited his favourite eatery’s owners to his graduation ceremony via a delivery order, receiving enthusiastic response from his invitees. Recently, an eatery owner in southern China’s Guangdong province posted a delivery order she received. In the comment of the order, the customer, surnamed Xiong, invites her and her husband to take graduation photos with him. He wrote: “I have been fed by you for seven years from bachelor to doctor. I’m graduating now and feel sad about.

High interest rates and a lack of fuel: Economists: Russia's economy in crisis

Russia is stagnating. Nevertheless, from the point of view of experts, the financing of the war of aggression is not yet in danger. The Ukrainian economy is also struggling with war problems.

Japan spent $74 billion propping up the yen. Investors say the real battle is with the Fed

Yen intervention alone is unlikely to reverse losses while wide U.S.-Japan rate differentials keep supporting the dollar, said analysts.

EU e-truck sector skeptical about CATL-Octopus battery-swapping plan

Invest: Central banker Olli Rehn: “The markets have done some of the work for us”

In the podcast, the head of the Finnish central bank explains why it is still too early to rule out further interest rate increases by the ECB, even if inflation could initially decline.

Online shopping: Customs now also on cheap orders

Millions of packages containing online bargains from Temu, Shein and other Asian suppliers arrive in the EU every day. Now customs is collecting.

Online shopping: Be careful, extra costs: customs duties now also apply to cheap packages

Anyone who orders cheaply online from Temu, for example, has not had to expect customs fees. This is different from today: in the future at least 3 euros will be due. There is a big problem behind this.

The great AI reckoning: how China is flipping the script on US’ new industrial revolution

As the United States marks the 250th anniversary of its founding, it confronts a new world order dominated by its relationship with China. In this wide-ranging series, we examine the pressure points and possibilities in those ties, from hard tech to soft power. Here, Vincent Chow looks at how China challenges core American assumptions about innovation and technology, and the historical stakes of their competition in artificial intelligence. In 1969, the renowned British sinologist Joseph Needham

Quick Recap of June Markets and News

NOT AI b/c the auto mod thinks it is :( U.S. stocks ended June 2026 slightly lower, influenced by a stabilizing Middle East, with peace proposals being advanced among major powers, including Israel, the United States, and Iran, to open the Strait of Hormuz and end hostilities. New Federal Reserve chair Kevin Warsh presided over his first FOMC meeting, where the committee kept rates flat but hinted toward interest hikes later in the year. The S&P 500 lost 1.06% and is now up over 9% year-to-date.

Here’s what’s next for the Fed’s Lisa Cook after her victory at the Supreme Court

The Supreme Court’s ruling in favor of Federal Reserve governor Lisa Cook will require the Trump administration to do a lot more work in order to oust her from the central bank, and a definitive resolution could be months or even years away.

Crude Slides on Rising Supply

Oil prices fell as shipping through the Strait of Hormuz increased and traders anticipated a growing global supply surplus.

Blake Lively wants US$8 million from Justin Baldoni over It Ends With Us dispute

Blake Lively is seeking US$8 million in legal costs from actor and director Justin Baldoni after resolving their dispute over the acrimonious production of their 2024 film It Ends With Us. Lively’s lawyers disclosed the amount, covering nearly $7.5 million in lawyers’ fees from two law firms that represented her and about $500,000 in other expenses, in a court filing on Tuesday. Lively and Baldoni settled last month just before a trial was to start in federal court in Manhattan on Lively’s...

Monetary policy: ECB is apparently considering doubling minimum reserves for banks

According to insiders, the ECB is considering doubling the minimum reserves. This could reduce its interest expenses by billions of euros.

Cleveland Fed President Hammack says AI could fuel inflation, rate hikes may be necessary

"We've got inflation that's too high, and it's been too high for the past five years," Beth Hammack told CNBC's Sara Eisen.

Major egg producers settle price inflation probe for $3.3 million

Cal-Maine Foods, Versova and Hickman's Egg Ranch agreed to settle allegations of price manipulation by the Justice Department and 17 states.

Comment: The underestimated success of the fuel discount

Expensive, inefficient and questionable in terms of distribution policy: the criticism of the fuel discount is justified. But with regard to inflation, it has made a valuable contribution for now.

Market Insight: The Baby Boomers – America's Unrecognized Economic Drivers

Older people in the US benefit from strong stock markets and keep consumption going despite high inflation. This gives the economy additional tailwind.

US Supreme Court again rejects cap on political campaign spending limits

The US Supreme Court has again struck down campaign spending limits, this ⁠time rejecting federal restrictions on coordinated spending between political parties and their candidates on free speech grounds. The ruling on Tuesday comes as major Republican committees head towards the November midterm elections with a significant cash advantage over their Democratic counterparts. Siding with Vice-President J.D. Vance and other Republican challengers, the court ruled 6-3 that a cap on the amount of..

Trump administration expands list of graduate degrees subject to higher borrowing limits

Many graduate students will be subject to higher federal student loan caps than previously expected, after a court ruling last week. Here's what to know.