Finance news

noticed 20 genomics/sequencing stocks all breaking out the same week. can't tell if it's a real rotation or I'm just pattern-matching noise

So I run a screen across 2800 nasdaq names, returns over a few horizons, distance from 52w highs, relative volume, dispersion, that kind of stuff. mostly to keep myself honest on the macro instead of trading off headlines. been doing it daily for a while now. this week one thing stuck out and I've been chewing on it for a couple days so figured I'd just put it here and see if anyone's seeing the same thing or can tell me why I'm wrong. there's a clump of genomics / DNA sequencing / diagnostics n

US strikes Iranian missile, drone, radar sites

The U.S. struck Iranian missile, drone and radar sites on Friday, U.S. Central Command said.

The Billion-Dollar Debt Deals Exposing an Oil Giant

Last week, Angola's state oil company, Sociedade Nacional de Combustíveis de Angola (Sonangol), secured a $2.65-billion financing deal with a consortium of international banks to fund the company's operating expenses and capital investments. The financing was heavily backed by a syndicate of foreign lenders including Société Générale, First Abu Dhabi Bank, Standard Bank of South Africa and Absa, while local Angolan banks, including Banco Fomento de Angola (BFA), Banco Millennium Atlântico and Ba

UK Grid Issues Another Supply Warning

The UK grid operator issued a second power supply warning for Friday evening.

AI Demand, War, and Climate Pressure Push World Back To Nuclear

Global energy markets are in turmoil as energy crises keep piling up. The energy-hungry AI boom, war in Iran, geopolitical instability, and climate pressures are creating a polycrisis for the global energy sector, and it’s just getting started. To solve multiple overlapping crises, we will need multiple overlapping solutions. An all-of-the-above solution to increasing energy security is therefore gaining favor on a global scale as the precariousness of over-reliance on limited energy supply chai

Crude Falls On Rising Gulf Supplies

Oil prices fell sharply as rising Strait of Hormuz traffic and increasing Persian Gulf exports fueled oversupply concerns.

China's Battery Giant Bets Big on Sodium as Lithium Volatility Persists

The world’s largest battery maker is taking a step back from the eclectic vehicles sector to refocus its efforts on energy storage. China’s Contemporary Amperex Technology Co. Ltd. (better known as CATL) has been building up its energy storage portfolio for years now, but the company’s transition away from EVs and toward energy systems has been supercharged by the artificial intelligence boom. Five years ago, just 2 percent of CATL’S sales came from battery storage. Today, storage accounts for a

Congress: “There is no censorship” – how the AfD presents itself as a democracy party

The AfD is holding a democracy congress in the Bundestag for the first time. She promotes her view of freedom of expression and democracy - with prominent guests from home and abroad.

LNG prices slow to normalize despite Iran deal, Qatar production restart

Shift away from Mideast oil set to last despite price comedown

The IAEA Faces a New Nuclear Puzzle Inside Iran

Amid an ongoing row between Washington and Tehran over whether international monitors can verify Iranian compliance with its nuclear nonproliferation commitments, former officials have told RFE/RL that the scale, scope, and degree of access are crucial to the success of inspections. Details on those have yet to be determined, though Raffael Grossi, head of the International Atomic Energy Agency (IAEA) said the UN body "will be working on the modalities -- dates, procedures, places -- very soon."

NATO allies promised Trump they’d secure the Arctic; they’ve got work to do

Through most of NATO’s eight-decade history, the inhospitable High North was low priority. That calculus is now changing.

US Drillers Add Oil, Gas Rigs As Hormuz Transit Resumes

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 573, up 26 from this same time last year. The number of active oil rigs rose by 7 to 440 during the latest reporting period, according to the data. This is 8 above this same time last year. The number of gas rigs rose by 3 to 125, which is 16 more than this time last year. The miscellaneous rig stayed

Equinor Pulls Out of Japan’s Offshore Wind Market

Equinor is ending its offshore wind business activities in Japan and will close its Tokyo office by the end of the year as the Norwegian energy major is realigning its non-oil and gas strategy to focus on power markets. “This decision reflects a reassessment of Equinor’s strategic direction, with a strengthened focus on integrated power markets,” the Norwegian company said on Friday. While Equinor is ending its Japanese presence, Japan will remain an important country for Equinor, which will con

Deutsche Bahn: Confusion about possible culprits for total DB failure

On Wednesday night, rail traffic came to a standstill. An Instagram post is now causing unrest: an external company is said to be responsible for the incorrect update of the DB train radio - but they deny it.

Foreign trade: Trump threatens Europe with 100 percent tariffs because of digital taxes

The USA and the EU had actually agreed on a customs agreement. But President Trump is already threatening new taxes.

+++ US customs policy +++: Trump threatens European countries with 100 percent tariffs because of digital taxes

EU MPs agree to implementation of US customs deal +++ Court: USA may continue to raise global tariffs for the time being +++ USA reaffirms tariff caps for EU and Japan +++ The news blog.

Canada and Japan Consider Joint Critical Mineral Projects to Counter China

Canada and Japan are considering cooperation in critical mineral projects and a potential plan of joint stockpiling of key metals as the two G7 economies look to reduce China’s outsized dominance in the market, Canada’s Minister of International Trade, Maninder Sidhu, told Reuters in an interview published on Friday. “We're offering Japan that avenue to do more with Canada in terms of critical minerals,” said Sidhu, who led a Canadian delegation on a visit to Japan. Japanese and Canadian compani

Brent Erases Iran War Premium as Hormuz Flows Show Signs of Recovery

Oil prices tumbled as markets bet Strait of Hormuz disruptions will ease, with Brent down 10% on the week and Middle East crude benchmarks slipping into contango. Friday, June 26, 2026 Whilst ship transits through the Strait of Hormuz remain a fraction of their previous norm (130-140 transits per day), plunging crude oil prices suggest the commodity markets anticipate that flows would start to recover sooner than later. The two Middle Eastern crude benchmarks, Dubai and Murban, have flipped into

EU Energy Minister: This is how Brussels wants to accelerate the expansion of the electricity grid

Faster approval procedures, more power for the Commission: This is intended to promote the expansion of the electricity networks and make the EU more independent of gas and oil.

Defense: After F-126-Aus: IG Metall demands Rheinmetall's participation in new frigate project

The union is calling on the marine company TKMS to involve the entire German shipyard industry in the construction of eight frigates for the Bundeswehr. Also the Rheinmetall subsidiary NVL.

Russia’s Fuel Crisis Is Pushing the Kremlin Toward Kazakhstan

Grappling with a severe shortage, Russia is seeking to purchase a significant volume of gasoline from neighboring Kazakhstan. Astana appears hesitant to fulfill the request, however, apparently concerned that doing so might entail consequences for the Central Asian nation’s own energy exports. The Reuters news agency first reported that Russian officials had approached Kazakh authorities seeking to obtain 50,000 tons of gas. Ukrainian drone attacks in recent months have devastated Russian refine

F.A.Z. series Quick Smart: The strategic importance of oil reserves

Because of the Iran war, crude oil and fuel prices have risen rapidly. What are the status of oil reserves – and what influence do they have on the global economy?

China Isn’t Giving Up On Coal Despite Green Energy Goals

Chinese authorities are not restricting coal power growth in the new five-year energy plan as Beijing doubles down on the fossil fuel as a “bottom-line guarantee” of the electricity system amid rising shares of renewable power. China has unveiled its five-year plan for the energy sector, expecting renewable energy to boost its share of electricity supply by 2031, but also noting that it would aim to strengthen the role of coal a “bottom-line guarantee”. China targets clean energy to account for

Baghdad Hosting EU Energy Talks After Iraq Floats OPEC Exit

European officials are expected to visit Baghdad in the coming weeks for high-level talks on energy cooperation, just hours after Iraq warned it could leave OPEC unless the producer group grants the country a higher production quota. According to Iraqi sources cited by Shafaq News, the discussions will focus on expanding cooperation across Iraq's oil, gas and electricity sectors. Planned talks include projects to capture associated gas, increase power generation, expand energy storage capacity a

EIA Sees USA Energy Demand Dropping in 2026, Rising in 2027

In its latest short term energy outlook, the U.S. Energy Information Administration projected that U.S. total energy consumption will decrease in 2026 then rise in 2027.

Education Bureau to deny pay rise to worker after SMS blunder over school places

Hong Kong authorities have penalised an Education Bureau staff member over a Primary One admission allocation blunder after human error was found to be involved, with the officer to be denied a pay rise and transferred to other roles. The government on Friday revealed the results of its investigation into the incident on June 2 when parents received SMS notifications about their children’s primary school allocations, a day before the official announcement. The bureau’s hotline was flooded with..

Prefabricated houses in demand: Aim higher

The fact that prefabricated house manufacturers are now also building houses and schools out of wood should ensure more resilience. And there is also less risk of political resistance.

Traffic Flows Through Hormuz Despite Ship Attack

Traffic continued to flow in both directions through the vital thoroughfare on Friday.

What Happened to Big Oil's Green Pivot?

Over the past 20 years, the story seemed straightforward. Big Oil would gradually become Big Energy. Over time, oil majors would use their balance sheets, engineering expertise, and global project-management skills to build wind farms, solar projects, hydrogen hubs, carbon capture networks, and renewable power businesses. Big Oil did make major investments in renewables. And that transition is still happening in parts of the energy sector. But among the oil majors, the strategy has become far mo