Finance news

Keep SpaceX out of your portfolio (ETFs)?

https://www.reuters.com/legal/transactional/danish-pension-fund-excludes-spacex-citing-governance-valuation-2026-05-29/ The Danish pension fund's decision to blacklist SpaceX (and its justification that it was, among other things, absurdly overrated) is a nice reason for the topic: https://www.heise.de/background/Lex-SpaceX-Nasdaq-aendert-Indexregelen-fuer-Musks-Boersengang-11305746.html So that SpaceX can move into the most important leading index as quickly as possible, the Nasdaq - like others

The electric revolution will not be televised

Politicians from Paris to Brussels are calling for a massive overhaul of the EU’s economic system – as if it weren’t already happening, under adverse conditions, and at a grassroots level

Chasing billions: Indonesia’s commodity export crackdown sows confusion

Indonesia lost nearly US$1 trillion in resource wealth over a 34-year period due to deceptive trade practices, President Prabowo Subianto declared in parliament on May 20. That same day, a set of new export controls was unveiled. Foreign-exchange earnings would be locked in Indonesian banks for a prescribed time limit and producers of coal, palm oil and ferroalloys would be required to route sales through a new state-owned enterprise. But barely had the ink dried on the new rules when talk of...

Fiber to the Home: Few customers, high costs: There is a crisis in the fiber optic industry

Send excavators, lay cables and collect millions in contracts for high-speed Internet: the fiber optic business model sounds promising. And what if the millions of contracts don't come at all?

Rising costs in Singapore spur business migration as regional alternatives rise

Recent moves by companies such as Gardenia and H&M to shift some operations from Singapore across the Causeway have put the spotlight on Malaysia’s growing appeal as a more affordable base for businesses facing high costs and a tight labour market in the city state. But while the trend may look like an easy win for its neighbour – bringing investment, jobs and spillover opportunities – analysts say the gains could come with trade-offs, as an influx of firms drives up competition for skilled...

How Russia is turning Ukraine’s drones against NATO

A Russian drone wounded two civilians in Romania on Friday, days after Lithuania detailed how Moscow is also steering Ukraine's drones onto allied soil.

Japan's crude imports plunge 50% since Iran war, exposing Mideast reliance

How a Regional Gulf Coast Port Became America's Crude Oil Export Capital

Three decades ago, I had just graduated from Texas A&M University and taken my first job as a chemical engineer in Corpus Christi, Texas. At the time, few people would have expected that this Gulf Coast city would one day sit at the center of the global energy system. Corpus was an important regional hub—refineries, chemical plants, steady industrial activity—but it wasn't viewed as a strategic asset on the world stage. Today, it is exactly that. The Port of Corpus Christi has become the largest

Nearly 500,000 Russian soldiers killed in Ukraine, top UK intel chief says

The figure hardens a growing consensus among Western officials: Russia is on its heels for the first time since the Kremlin launched its invasion in 2022.

Oil slides, stocks climb as Trump puts off determination on Iran proposal

A White House meeting Friday ended without a decision by the U.S. president.

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...

Here’s the real story behind the record drop in America’s oil reserves

Stocks in the nation’s Strategic Petroleum Reserve are near their lowest in more than 40 years — but it may not matter

Brent oil price posts biggest monthly loss in six years as market counts on a U.S.-Iran deal

Oil prices fell Friday after President Trump said he would meet in the White House Situation Room to make a final decision about a deal with Iran.

Oil Settles at Six-Week Low

Traders bet the Strait of Hormuz could reopen as truce negotiations continue.

Options for tax loss harvesting

Hey, does anyone have any tax loss harvesting options for GBP or EUR? I have a company for USD but am struggling to find options for my GBP or EUR without having to pay 1% for the investments + 1% for the adviser (2% total and too much). Thanks!! submitted by /u/MrMagicMuffin [link] [comments]

Oil prices tumble nearly 20% in May — the biggest monthly drop since 2020. Here’s what’s next.

Global oil prices tumbled over 20% in May on hopes for the U.S.-Iran peace deal.

Colombia’s Oil Industry Faces a Defining Election in 2026

Colombia’s rapidly approaching 2026 presidential election is generating considerable concern about the economy, notably the country’s oil industry. Gustavo Petro, a former guerrilla who won the 2022 election to become Colombia’s first left-wing president, introduced policies aimed at reducing the country’s reliance on fossil fuels. While this spurred the development of renewable energy, it is responsible for sparking an energy crisis in Colombia. There is hope that a new president will revive Co

Thinking about mid-caps (DON) in particular, and what they might offer me

SCHD holds a significant percentage of my portfolio. I’m a retiree and I like the fact that SCHD is steady and boring. I like steady and boring a lot. I’ve been thinking about opening a position of DON, also nicely steady and boring, to add some diversification through mid-caps, but the finances are throwing me off. I look at SCHD with a much lower expense ratio and a higher yield, and I see DON, between expense ratio and yield, with a significant drag. That drag is money I won’t get that I coul

Need help finding which eu brokers offer a smaller cap obscure Canadian co the security/stock let me know if yours offer it plz

Hey fam, have a buddy in the Germany interested in a Canadian Canna stock $HERB.CN / $LUFFF.OTC / FSE:HA9. He is ok opening a account with a new broker. he currently with Trading 212 and he cant find it. Anyone's securities broker offer it through their online platform? If so plz comment below if they do! thanks guys, Delete if not allowed submitted by /u/mc_snails [link] [comments]

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,

US Drillers Add More Rigs In Response to Higher Prices

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 562, down just 1 from this same time last year. The number of active oil rigs rose by 4 to 429 during the latest reporting period, according to the data. This is 22 below this same time last year. The number of gas rigs stayed the same at 125, which is 16 more than this time last year. The miscellaneou

Markets: Stock exchanges close slightly tighter – Iran still in sight

The Dax closes at the end of the month not far from its record high. Oil prices are at their lowest level in almost six weeks.

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%

Secretive Azerbaijan Deal Raises Energy Security Concerns in Georgia

Recently signed deals between Georgia and Azerbaijan are raising fresh questions about Tbilisi’s strategic direction and energy security. The deals flowed out of a May 18 meeting in Baku between Georgian Dream Prime Minister Irakli Kobakhidze and Azerbaijani President Ilham Aliyev. Those talks occurred just weeks after Aliyev’s visit to Tbilisi, where he also met Georgia’s de facto ruler, Bidzina Ivanishvili. Despite their political significance, the full texts of the agreements signed while Kob

My portfolio

Crypto: BTC – €7,600 (24%) ETH – €1,800 (6%) SOL – €900 (3%) ADA – €800 (3%) Other – €4,500 (14%) ETF: SXR8 (S&P 500) – €12,500 (40%) EMIM – €2,000 (6%) EXUS – €1,200 (4%) I realize there is too much crypto. Honestly, I am a bit lost right now and would like to hear your opinions. What would you change and how would you proceed with €500 a month to invest? My main goal is to build wealth in the long term. I am 26 years old from Slovenia. submitted by /u/Upper_Tradition_5924 [link] [comments]

Wolfgang Kubicki: FDP elects new leadership at federal party conference

It will be the FDP's second personnel reorganization within twelve months: the old leadership under party leader Dürr only came into office a year ago.

Energy: How fracking could cover 25 percent of Germany's gas needs

A report calls the fracking ban into question: Germany could use this technology to produce 20 billion cubic meters of natural gas annually - and thus make itself more independent of the global market.

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

Space travel: Blue Origin rocket explodes during engine test

Just a few days after the largely successful “Starship” test by competitor SpaceX, the space company owned by US billionaire Jeff Bezos has suffered a setback. The cause of the explosion was initially unclear.