Finance news

Iran Tightens Grip on Strait of Hormuz Tanker Traffic

Just when the oil market was getting comfortable with the idea that the Strait of Hormuz was reopening, Iran reminded everyone who's still directing traffic. Iran's joint military command warned on Thursday that all oil tankers transiting the Strait of Hormuz must follow routes approved by Tehran or face an "immediate and forceful response." The warning, carried by Iranian state television, also cautioned that any U.S. interference in the waterway would prompt a "rapid and decisive reaction." Th

NATO summit: Trump describes Germany’s NATO spending as “ridiculous”

There are only a few days left until the NATO summit in Turkey. Donald Trump is building pressure on Germany. What exactly he is basing this on is unclear.

Unexpected effect of tax reform

To be honest, I have become very dissatisfied with politics in the last few months and have not read any details of all the resolutions. As an upwardly mobile person who comes from the lower socioeconomic class, I am usually at a clear disadvantage with current politics anyway. I was even more surprised at the result that, as a top earner, I would actually pay minimally less income tax next year. So it's not like anything gets stuck thanks to rising social security contributions and perspective

Tesla Delivers a Blowout Quarter, Crushing Wall Street Estimates

Tesla delivered a much stronger-than-expected second quarter, reporting 480,126 vehicle deliveries, well ahead of Wall Street forecasts of roughly 406,600. The company also produced 451,758 vehicles during the period, signaling a meaningful improvement after a slow start to the year, according to CNBC. Shares were volatile on the news and have settled near unchanged into the cash open… The delivery total marked a sharp increase from 358,023 vehicles in the first quarter and was also significantl

The U.S. Has More SMR Projects Than Its Four Closest Rivals Combined

The U.S. is leading the world in small modular nuclear reactor (SMR) development with 28 siting announcements, as of 2026. This graphic, via Visual Capitalist's Cody Good, in partnership with the National Public Utilities Council, shows which countries are building the most SMRs. The U.S. Leads Global SMR Development With 28 siting announcements, the U.S. has more SMR projects in development than the next four countries combined. Source: The Nuclear Energy Agency Only 78 of 129 SMR designs being

GE Vernova's gas turbines aren't the only way it's winning from the AI boom

Electrification secured $2.4 billion in data center equipment orders during the first quarter of 2026, beating the segment's total for all of 2025.

Trump Administration Advances New California Oil Lease Plans

The Bureau of Land Management is giving California another chance to weigh in on oil and gas leasing—whether the state wants it or not. On Thursday, the BLM opened a 30-day public scoping period for 50 federal oil and gas parcels covering roughly 36,000 acres across Kern, Kings, Fresno, and San Luis Obispo counties. The parcels could be included in a future federal lease sale, marking the latest step in the Trump administration's effort to revive domestic energy development on public lands. If t

OPEC+ Plans Another Output Hike. The Market Barely Notices.

The seven-member group of OPEC+ oil producers that has been restraining production since 2023 is set to extend a series of output quota hikes they launched after the U.S. and Israeli strikes on Iran that set off the latest war in the Middle East. Yet the UAE is already shipping record volumes of crude abroad, right after it quit OPEC. According to unnamed sources who spoke to Reuters, the OPEC seven, including Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan, and Oman, will likely decide

Reform package: This is how (little) you will be relieved by the Black-Red tax plans

Exclusive calculations show: To a large extent, the government coalition is not keeping its promise to noticeably relieve the burden on taxpayers. One group in particular hardly benefits.

Europe Isn't Anti-Air Conditioning. It's Just Calling It Heat Pumps

Europe Isn't Anti-Air Conditioning. It's Just Calling It Something Else. The recent heatwaves across Europe have reignited a familiar debate in parts of the American media. Articles in publications including The Washington Post and The New York Times have questioned why Europe continues to lag behind the United States in air conditioning, with some suggesting that Europeans remain culturally reluctant to embrace cooling or that governments have actively discouraged its deployment. As temperature

Gen. Christopher Donahue relinquishes command of US Army Europe and Africa

U.S. Army Gen. Christopher Donahue relinquished command on Thursday. The Army has not given a reason for the leadership change.

NATO alliance: Trump describes Germany’s NATO spending as “ridiculous”

There are only a few days left until the NATO summit in Turkey. Donald Trump is now setting the tone and building pressure on Germany. What exactly he is basing this on is unclear.

What’s currently the cheapest way to cash out USDC/USDT to EUR via SEPA in Europe?

I’m based in Germany and I’m looking for the lowest-cost way to convert USDC (or USDT) into EUR and withdraw it via SEPA. My priority is the lowest total effective cost (trading fees + spreads + withdrawal fees), not necessarily the simplest workflow. What setup do you currently use? Kraken Pro? Monerium? ARQ? Coinbase? Something else? Ideally I’d like to compare how many EUR you actually receive for every €1,000 worth of USDC. Thank you in advance submitted by /u/Fun-Magician-7503 [link] [comme

Russia: Major attack on Kiev: Terror against Ukrainian civilians returns

Kremlin ruler Putin has attacked the city with almost 500 drones and dozens of cruise missiles and rockets. Moscow speaks of a retaliatory action.

Oil Glut Calls May Be Getting Ahead of Reality

Crude oil prices are crashing on reports that flows out of the Strait of Hormuz are recovering, and analysts are back to predicting oversupply, even though Iran just said it will not be meeting with the U.S. envoys to negotiate peace, and that comes after strikes on a couple of ships in Hormuz. “The Strait is reopening faster than expected, yet the ‘twin solvers’ of high US exports and low Chinese imports remain in place,” Morgan Stanley commodity analysts wrote this week in a note, as quoted by

Lam Wing-kee, Hong Kong bookseller detained in mainland China, dies

Hong Kong bookseller Lam Wing-kee, who publicly recounted being abducted and detained by mainland Chinese authorities in 2015, has died at the age of 70 after a years-long battle with lung cancer, according to Taiwanese media. Local media reported that Lam, who moved to Taiwan in 2019, was admitted to Mackay Memorial Hospital in Taipei on Tuesday, but his condition worsened and he fell into a coma. He was pronounced dead on Thursday evening. Last year, he disclosed that his lung adenocarcinoma..

Kuwait Wants Consortiums to Bid for $7 Billion Oil Pipeline Deal

Kuwait’s state oil firm, Kuwait Petroleum Corporation (KPC), has asked some of the asset management funds bidding for a stake in its oil pipeline network to tap other investors in their bids for the planned sale estimated at $7 billion, anonymous sources familiar with the process told Reuters on Thursday. Early this year, it emerged that KPC is considering following in the footsteps of its Saudi and Abu Dhabi peers by tapping major international infrastructure investors to buy a stake in its oil

US job growth falters, testing Trump’s Republicans ahead of midterm election

The United States posted weaker-than-expected job growth in June as new data showed the labour market is facing headwinds ahead of the testing midterm election for President Donald Trump’s Republicans. Total nonfarm payroll employment grew by 57,000 and the unemployment rate fell slightly to 4.2 per cent, the US Bureau of Labour Statistics (BLS) said in a statement on Thursday. After months of seesawing growth and contraction, the US job market posted strong gains in the last three months, but..

Sumitomo-backed Phoenix Tailings taps Asia to strengthen US rare-earth ambitions

Russia's Fuel Crisis Spreads to Central Asia as Drone Strikes Escalate

The ripple effect from a severe gas shortage in Russia caused by Ukrainian drone strikes is being felt in Central Asia, where seasonal demand is rising. Kyrgyzstan and Tajikistan are heavily dependent on Russia for energy supplies, so it is no surprise that the ongoing destruction of Russian energy infrastructure threatens to hit two Central Asian states the hardest. Gas stations across Kyrgyzstan are already reporting shortages of high-octane auto fuel, the Moscow Times has reported. State regu

Wall Street: US stock markets are inconsistent – ​​Dow Jones reaches record

Significantly fewer new jobs than expected are dampening interest rate expectations in the USA. Falling oil prices are offset by losses in the technology sector.

Labor market: US companies are creating significantly fewer jobs than expected

Economists had expected a stronger increase. Fewer than 60,000 jobs were created in June. However, the unemployment rate surprisingly fell.

PSA: Gross income unequal taxable income

A topic that has been triggering me as a silent reader for a long time in many discussions in this subreddit is how to deal with the values ​​in the title. Many regulations or limit values ​​currently being discussed relate to taxable income (zvE). In the comments below there are regularly huge waves of indignation about what "Politics"tm could think of to set the values ​​like that. I'm not interested in commenting on whether the amounts/limits are too high

USA Crude Oil Stocks Drop Almost 4MM Barrels WoW

Crude oil stocks, not including the SPR, stood at 408.4 million barrels on June 26, the EIA's latest weekly petroleum status report showed.

Kyrgyzstan Scrambles for Backup Fuel Supplies as Russian Shortage Bites

Kyrgyzstan, which imports more than 90% of its gasoline supply from Russia, is concerned that the Russian fuel crisis could cripple supply to the Central Asian nation. Thus, the Energy Ministry of Kyrgyzstan has asked its neighbors, as well as Russia, to help with its fuel supplies. Currently, fuel stocks in Kyrgyzstan remain sufficient, Kyrgyzstan’s authorities have assured the public, but the crisis in Russia could soon begin to be felt in the central Asian nation. “To ensure sustainable fuel

Stock markets: Dax reaches record high after falling oil prices

As oil prices fall, the stock market is picking up again. Labor market data from the USA are driving the stock markets in Europe to new heights. Some risks remain.

Coalition committee: Juso boss: “Tax relief remains unambitious”

Juso boss Philipp Türmer accuses the coalition of not providing enough relief to people with lower incomes. He also met with sharp criticism of the labor market reforms.

Shell Offloads Stake in US Gulf Production Hub

Shell is selling its 50 percent ownership in its only non-operated platform in the Gulf of America, including associated fields, and 100 percent in the Coulomb tieback to Ridgewood Energy and Talos Energy for $1.7 billion.

Russia Ramps Up Pressure on Kyiv With Deadliest Strikes in Months

Russia pummeled the Ukrainian capital in one of its largest drone-and-missile assaults this year, killing at least 17 people, highlighting Moscow's stubborn efforts to pound Kyiv into submission. The July 2 attack came amid weeks of Ukrainian drone strikes that have targeted Russian oil refineries, a campaign that caused fuel shortages nationwide and stoked discontent among Russians disconnected the Ukraine war, now in its fifth year. Russia's military said the assault was in response to “terror

Russia Gasoline Shortage Starts to Spill Into Central Asia

Russia's gasoline-supply crunch is starting to ripple into Central Asia.