Finance news

CNBC Daily Open: AI demand fuels investors' portfolios while oil posts biggest monthly decline

The tech space continues to be fueled by rising artificial intelligence demand, with investors piling their portfolios in the technology, while Amazon Web Services dabbles with Forward Deployed Engineering units to better compete with OpenAI and Anthropic.

World trade: EU implements tariff promises to Trump

The EU is implementing a central part of the customs agreement with the USA. Lower or no import tariffs will apply to many US industrial goods and selected agricultural and marine products in the future.

China storage battery makers denied cybersecurity approval in Japan

The AI Revolution Needs Electricity More Than Intelligence

No generation in human history has experienced an infrastructure buildout of this speed and scale. Over the next several years, trillions of dollars will be poured into what industry leaders increasingly describe as AI factories: sprawling campuses filled with advanced processors, networking equipment, cooling systems, and enough electrical demand to rival major cities. McKinsey estimates AI-related infrastructure spending could exceed $5 trillion by 2030, while JLL projects developers may requi

Hong Kong, mainland China to start sharing data this year: tech minister Sun Dong

As Hong Kong marks the 29th anniversary of its return to Chinese rule on July 1, the South China Morning Post talks to the city’s senior officials about the administration’s achievements so far and what may lie ahead. Hong Kong and mainland China are expected to begin sharing cross-border data within the year, when more companies will start operating in the Hetao innovation hub, the tech minister has revealed. In a wide-ranging interview with the South China Morning Post, Secretary for...

India’s Russian Oil Boom Outlives the Hormuz Shock

Indian crude imports set several records in June. Total inflows reached about 5 million b/d, the highest level ever recorded for the month. Of that, 2.6 million b/d came from Russia, equivalent to 54% of India’s total crude imports and a historic record for Russian-Indian trade. Russian supplies, which had fallen to around 1.1 million b/d in February under sanctions pressure from Washington, more than doubled within four months and became a key pillar of India’s energy-security strategy. India’s

AfD: Former department head of the IW Cologne switches to the AfD

The AfD is filling an important position. The future party spokesman used to work for the German Economic Institute, whose director recently sharply criticized the party.

Do you feel the need to leave Europe to get rich?

For anyone in Europe trying to build wealth and achieve financial independence, especially younger people, do you feel like your European country is holding you back? I keep seeing things online about how people are fleeing Germany, UK, France, etc because these countries are high tax and not convenient for doing business. Of course you don't have to leave Europe; countries like Switzerland and Bulgaria are lower tax, but on the whole Europe is not the easiest place to become a millionaire. For

Australia’s Oil and Gas Exploration Set for Renaissance

Oil and gas companies operating in Australia are lining up plans to boost oil and gas exploration as activity picks up amid the energy crisis in the wake of the Iran war. Australia, which has had to cope with a fuel supply crisis since the Middle East conflict began, is one of the world’s top LNG exporters. Still, it assesses its domestic gas availability every quarter, and the regulators have often raised an alarm over potential gas supply shortages in some parts of the country. Energy Security

Oil posts largest quarterly price drop in 6 years as historic supply crunch eases

Workarounds to the Strait of Hormuz chokepoint and a drop in crude imports to China helped ease the impact of lost Persian Gulf oil supplies.

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.

Why a Supply Crunch From Iran Could Send Oil Back Below $40 a Barrel

There have recently been many warnings about near-term oil shortages stemming from the conflict in Iran. Most analysts assume that shortages mean higher prices. As I will explain, the dynamics of a self-organizing economy suggest the opposite outcome — lower prices, deepening recession, and shortages of goods and services that have little to do with price. A cartoon scene featuring a bluebird on a cliff, looking confidently at a surprised coyote who is about to fall off the edge, with a yellow s

US Crude Oil Inventories Keep Falling As Hormuz Flows Slow To Start

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 6.072 million barrels in the week ending June 26. In the week prior, US crude oil inventories fell by 765,000 barrels. Although commercial crude oil inventories excluding the SPR have been falling rapidly for more than two months, shedding 59.4 million barrels over the last eleven weeks, US crude inventories are only down 8 million barrels so far this year, according to API data, kept in chec

Earn money outside of work?

Hello my frugal friends. Since I'm currently looking for a new car and I noticed that I definitely don't have enough money for the used car market these days, I thought about how I could increase my income. I work around 50 hours a week for €60,000 gross per year (38 hours a week and around 24 hours as a surgical nurse (of which only one hour is counted as working time and only on weekends, really crazy)). Do you have any ideas what else to do?

Crude Slides on Rising Supply

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

China's Energy Future Runs on Coal and Solar

China will continue spending heavily on both coal and alternative energy, such as wind and solar, over the next five years, Beijing’s latest five-year plan revealed this month. The apparent paradox sees the world’s largest emitter by far continue to generate a solid portion of its energy from coal while also boosting the largest alternative energy capacity in the world. The thing is, it is not actually a paradox. Ever since the signing of the Paris Agreement in 2015, a host of countries have bee

Morgan Stanley Warns of Oil Glut

Morgan Stanley cut oil forecasts for the second time in about two weeks.

China shock 2.0: Tariffs won't save Europe's industry

The China shock 2.0 hits Germany's industry to the heart. Brussels and Berlin want to isolate themselves more. But are they really prepared for a trade war?

Nigeria Unveils World-Class Critical Minerals Discovery

Nigeria has announced the discovery of a world-class, polymetallic deposit in Kaduna State, with government experts saying it’s one of the country's most important critical minerals discoveries in recent years. Located around the pegmatite region of Gidan Waya in the Jema'a Local Government Area, the deposit contains nickel, copper, gold, platinum group metals and rare earth elements. The discovery was made by Steron Mining, with the Nigerian Geological Survey Agency (NGSA) confirming the find.

The Oil Benchmark Named Brent Is Losing Its Brent

The world's most important oil benchmark is about to experience an identity crisis. For the first time since records began, no Brent crude cargoes are scheduled to load in August, according to Reuters calculations based on loading programs and LSEG data. In other words, the benchmark that gives Brent crude its name is slowly disappearing. That's not because Brent is losing relevance. Quite the opposite. Brent still underpins pricing for more than 60% of internationally traded crude. The problem

American Airlines brings grab-and-go lounge to New York's JFK

American Airlines is opening a grab-and-go lounge at New York's JFK

Russian Refinery Disruptions Ripple Across Central Asian Fuel Markets

The disruptions to Russia's energy sector due to its war with Ukraine are having a ripple effect in Central Asia, with fuel prices rising across the region and governments scrambling to find alternative sources to meet demand. Officials have sought to reassure consumers that supplies will be sufficient and that prices will eventually come down once global disruptions stabilize. Daniyar Amangeldiev, the first deputy prime minister of Kyrgyzstan, told reporters that rising fuel prices are unavoida

US Crude Output Sets New Monthly Production Record

According to monthly data released Tuesday by the U.S. Energy Information Administration (EIA), U.S. crude oil production climbed to a record 13.934 million barrels per day (bpd) in April—the highest monthly production rate ever recorded. The new record surpassed March's 13.718 million bpd by 216,000 bpd, as producers responded to the oil price spike triggered by the Iran war and the closure of the Strait of Hormuz. While oil prices have since retreated as exports from the Persian Gulf gradually

CAT added to the Russell Top 50 this week and absolutely smashes it today. Increased it's dividend this month and on track to beat the s&p 500 for the fifth year.

Congrats owners and believers who held through the December/January "ATH of 500". CAT hit another ATH today of $1073. https://finance.yahoo.com/markets/stocks/articles/caterpillar-cat-joins-russell-top-130809825.html Raised it's dividend this month: https://investors.caterpillar.com/news/news-details/2026/Caterpillar-Inc--Increases-Dividend/default.aspx On track to beat the s&p 500 for 5th year. 2025: CAT returned roughly +60%, vastly outperforming the S&P 500’s +16.3%. 2024: CAT gained +25%, ou

Founder: “These companies are becoming talent magnets” – investors distribute more money to fewer start-ups

The number of German start-ups with valuations of more than a billion dollars is increasing significantly. Exclusive data from Handelsblatt shows what investors are focusing on.

Beaver Island Becomes Test Site for Freshwater Wave Energy

The next frontier for wave energy may be far from any ocean. Beaver Island, situated in the middle of Lake Michigan, seeks to be the next major testing ground for hydrokinetic energy from the waves that lap up against its shore. Proponents of the pilot program say that the cutting-edge clean energy tech will provide more reliable energy to the remote island while also advancing the nascent energy form for applications in other global contexts. Earlier this month, researchers from the University

Roof collapse kills 14 children at tutoring centre in Pakistan’s Lahore, officials say

A roof collapse at a tutoring centre under construction in Pakistan’s eastern city of Lahore on Tuesday killed at least 14 schoolchildren, police and rescue officials said. Eight other children were also injured and were being treated at a hospital, senior police official Faisal Kamran said, adding that the owner of the tutoring centre and another person have been arrested. Kamran said rescuers were continuing to search through the rubble after receiving reports that more children could be...

Hong Kong can develop further with deeper integration, liaison office chief says

Beijing’s top representative in Hong Kong has expressed confidence in the city’s ability to achieve greater development by further integrating into the country, while the chief executive has said authorities are moving “at full speed” to draw up the first five-year plan to align with the national blueprint. Speaking at a cultural gala marking the 29th anniversary of the city’s return to Chinese sovereignty on Tuesday evening, liaison office director Zhou Ji said he believed Hong Kong, with “the.

Great Britain: Drones instead of warships: Starmer announces the largest restructuring of the armed forces in generations

The British want to spend more money on defense and will increasingly rely on unmanned, autonomous and AI-controlled weapon systems in the future. Military experts complain that it is too little, too late.

Oil Markets Brace for a Summer of Hormuz Volatility

Brent tops $73 as renewed U.S.-Iran strikes keep Hormuz on edge, leaving oil markets vulnerable to sharp summer price swings. Hormuz Plays Red Light, Green Light as Transits Slow Down This Week - Reaching 59 transits, June 24 has marked the highest number of Hormuz crossings since US-Iran MoU was signed, with traffic slowing down following last week’s attack on a cargo ship and weekend strikes on Iranian territory. - This week’s daily transit rates hover around 20-25 ships per day, however nowad