Finance news

◇ unclassifiedgermany · europe

Car costs: Fuel prices are approaching pre-war levels

Falling oil prices are gradually reaching the pumps. However, there is a risk of a price jump in two weeks.

◇ unclassifiedgermany · europe · russia

Drone war: Moscow reports attacks by 60 drones - refinery hit

Ukraine continues its counterattacks with drones in the Russian war of aggression. The target is once again the oil industry. In the capital Moscow, the attacks also have other consequences.

◇ unclassifiedmiddle-east · usa · iran

Trump Insists Iran Deal Will Hold

The White House sought to make the case that its interim deal with Iran will end a global energy crisis and achieve the administration's wartime goals, even as the two adversaries diverged on what the agreement will look like.

◇ unclassifiedgermany · europe · uk

Transport policy: route prices: time for a new start!

Users only cover ten percent of the costs of the rail infrastructure. Financing through government construction subsidies challenges driving due to wear and tear.

◇ unclassifiedgermany · europe

“Forbes” ranking 2026: These are the ten youngest billionaires in the world

Few billionaires under the age of 30 have built their wealth on their own, but some have succeeded. A ranking.

ConocoPhillips Set to Become First U.S. Major to Sign Post-War Syria Gas Deal

ConocoPhillips is set to sign a deal with Syria’s state gas company this week for the development of local fields, the Financial Times reported, citing unnamed sources as saying the deal could be signed as early as this week. Per the report, Conoco will partner with a company named Novaterra Energy that describes itself as an entity set up “to restore and transform Syria's domestic gas production to meet its growing power needs.” The two will develop both existing fields and explore for new prod

Social◇ unclassifiedeurope

How do you keep track of all your recurring charges across multiple services and currencies?

Even with a budget in place I keep finding charges I had forgotten about. Streaming services, cloud storage, apps I signed up for during a free trial and never cancelled. Last month I found three services still running that I had not used in over two months. I have tried maintaining a spreadsheet but it falls out of date quickly and requires manual effort every time something changes. Banking notifications help occasionally but time they do not show the full picture across the multiple accounts,

◇ unclassifiedchina · asia

In 2016, ‘China’s Disneyland’ opens with localised attractions in Shanghai – SCMP archive

Disney opens Shanghai park, with eye to future By Mandy Zuo (Additional reporting by Nikki Sun) This article was first published on June 16, 2016 China represents “incredible potential” for Walt Disney, said company chairman Bob Iger ahead of the opening of its Shanghai theme park today (June 16, 2016). The US$5.5 billion complex is the first step onto mainland soil by the Western media giant as it seeks to grow its brand beyond already saturated markets back home. And the company was already...

◇ unclassifiedgermany · europe · china

Fewer cars sold: “China’s automobile market is under increasing pressure”

China is one of the most important sales markets for Germany's car manufacturers. However, recent market data raises concerns. VW sees itself prepared, but is hinting at changes.

China’s Refinery Runs Hit Four-Year Low as Crude Imports Collapse

Chinese refiners reduced their run rates to the lowest in four years as crude imports dropped to an eight-year low, Bloomberg reported today, citing official statistics data. The average run rate for Chinese refineries in May stood at 66.3%, with total volumes processed over the month down by 9.1% on the year to 53.72 million tons, the data also showed. The data follows earlier figures released by China’s statistics agency showing that crude oil imports into the country plummeted to the lowest s

◇ unclassifiedchina · asia · iran

Shipowners hold off on Hormuz transit until US-Iran deal proves ‘material’

Shipowners ⁠will not resume transit through ⁠the Strait of Hormuz for weeks until they are confident that the US-Iran deal is “material”, the CEO of Japan’s Mitsui O.S.K. Lines told the Financial Times in an interview published ‌on Tuesday. The Iran war that began on February 28 with US-Israeli strikes largely stopped shipping through the transit route for around a fifth of the world’s oil and liquefied natural gas supply, along with products such as aluminium and urea. Mitsui O.S.K., one of...

Social◇ unclassifiedgermany · usa · europe

Financing your own home: "Shit, now you have a huge house with debts on your back"

Well wall street betting friends build a house. I find both of them completely crazy: I day trade with a time horizon of seconds to minutes, which means I analyze probabilities and market structures of large stock indices, such as the S&P500 and the Nasdaq. All I need for the job is fast internet, nothing else, I can do it from anywhere. I sometimes plan my swing trades over days or weeks. I work with clearly defined risk management. Whereby I am in the B

Biotech IPO window is opening but big pharma M&A still sets the pace, top bankers tell CNBC

Biopharma dealmaking is driven by pressure to top up drug pipelines ahead of major patent expirations later this decade.

◇ unclassifiedusa

◇ unclassifiedchina · asia · europe

Ex-head of CUHK rehab centre charged with fraud over false service claims

Hong Kong’s anti-corruption watchdog has charged a former senior staff member of the Chinese University Medical Centre over alleged fraud. The Independent Commission Against Corruption (ICAC) on Monday accused Lau Mun-cheung, 65, the former head and consultant physiotherapist at the institution’s Sports Medicine and Rehabilitation Centre, of falsely claiming that he had personally provided professional services, including consultations and procedures, to patients to obtain fees from the...

◇ unclassifiedgermany · europe · usa

Guest commentary: China shock: Can the EU dare to duel with Beijing?

The USA is seeking dialogue with China, Brussels is examining protective walls and punitive tariffs. The EU should carefully examine its deterrent potential beforehand, says geoeconomics expert Jonathan Hackenbroich.

◇ unclassifiedgermany · europe

Electric cars: Is the government unintentionally subsidizing Chinese car manufacturers with the new electric car bonus?

The new funding for electric cars is likely to go largely to Chinese providers. This is what the first figures from a large dealer group indicate.

◇ unclassifiedchina · asia · usa

North Korea plays US-China rivalry card to justify ‘irreversible’ nuclear status

North Korea’s latest spirited defence of its nuclear arsenal signals a strategy that goes beyond rejecting international calls to disarm and instead leans into mounting global superpower rivalry to legitimise its weapons build-up. The verbal offensive comes as North Korea could soon face renewed pressure to return to the negotiating table. Analysts say the winding down of the Iran conflict may allow Washington and its allies to refocus attention on the Korean peninsula. Pyongyang has also seized

AI Wars: Why Microsoft, Google and Amazon Are All Fighting Over Power

In March, Microsoft, Google, Amazon, Meta, OpenAI, Oracle, and Elon Musk’s xAI joined President Trump at the White House. Together, they signed a document that will reshape how AI’s biggest companies operate for years to come. They committed, in writing, to pay for every megawatt of new electricity their AI projects will require and to cover all of the grid infrastructure those projects depend on. In short, the seven biggest names in tech told the President they would pay whatever it costs to ke

Social◇ unclassifiedsocial-signal

27d06/15

How are institutional investors buying SpaceX at the absurd valuation?

How are they gobbling up everything elon musk promises spacex will do? such as their AI promises, etc etc. Like, what stops me from making a company, and promising that it will reach a total addressable market of 30 trillion, because i will be selling oxygenated air in bottles, and well, if people pay for water, they can pay for oxygen too. And then i will own like billions of shares of this company and go public, but only offer like 10 shares to the public, so they can fight over it, and increa

27d06/15⚠ war-conflict · 3/5

General Atomics awarded US Army contract for extended-range artillery round

During a test last year, the company's projectile hit targets more than 74 miles away after being fired from an M777 howitzer.

◇ unclassifiedusa · europe

27d06/15⚠ war-conflict · 3/5

An Oil Deal That Ended a War Nobody Won

What happened today is best described, despite much more dramatic categorizations coming out of Tehran and Washington, is a 60-day ceasefire extension, now reportedly signed by both parties, that reopens the Strait of Hormuz, while the original alleged reason for going to war, the nuclear weapons issue, stays open on the negotiating table. Both sides are buying time in order to get the oil flowing through Hormuz. So, today’s deal is an oil deal, first and foremost. It’s not a victory for anyone.

27d06/15

RDDT is insanely under valued, Price Target: 428

For full-year 2026, this fiscal year, Reddit is projected to have $1.02 billion in net income and $3.23 billion in revenue. Let’s strip out the current AI deal of $100 million and assume a 30% tax rate. That would bring net income to about $995 million, giving them margins of 32.5%. Let’s say growth slows down to 45% (Which I don't think it will), which is well below what they are currently growing at. That would bring revenue up to $4.6 billion. Applying a 32.5% margin gets you $1.495 billion i

Social◇ unclassifiedusa

New Estimates Challenge Assumptions About Lost Gulf Oil Supply

In the immediate aftermath of the U.S. and Israeli strikes on Iran that prompted the latter to shut down the Strait of Hormuz, most reports dealt with numbers—numbers showing the amount of oil supply lost due to the closure. Those numbers varied by source, but were all above 10 million barrels daily. Now, traders are saying the loss in supply may be much smaller. “After an initial disruption at the onset of the conflict, flows strengthened as alternative logistics scaled up,” analytics provider

28d06/15⚠ war-conflict · 2/5

Ukraine Is Winning

Today, “in the fifth year of Putin’s barbaric invasion, the assumption that time is on Russia’s side seems to be increasingly inaccurate,” Senior Fellow Michael McFaul argues in this viral post at his Substack. “The longer this war drags on, the more likely it is that time may, instead, be on Ukraine’s side.” The distinguished scholar explains that Putin failed to achieve regime change in Ukraine and ended up galvanizing Ukrainian identity with his invasion. Ukrainian defense innovations slowed

Social◇ unclassifiedeurope · russia · uk

◇ unclassifiedchina · asia · usa

UK charges Indian captain of suspected Russian shadow tanker seized in Channel

British prosecutors have charged with sanctions contravention offences the Indian captain of an interdicted alleged Russian shadow fleet vessel seized in the Channel, the National Crime Agency (NCA) said on Monday. It follows British armed forces on Sunday intercepting the sanctioned oil tanker Smyrtos – said to belong to Russia’s shadow fleet – in a dramatic operation hailed by Kyiv and London as a blow to Moscow’s war machine. British commandos boarded the ship off the southern English coast..

◇ unclassifiedusa · europe · iran

The Iran deal came just in time as Strategic Petroleum Reserve hits lowest level since 1983

Oil executives have warned that global inventories are rapidly depleting due to the supply disruption triggered by the Iran war.

28d06/15

U.S. Average Gasoline Prices Slide Below $4 Per Gallon

Patrick De Haan, a petroleum analyst at GasBuddy, wrote on X that the national average price of gasoline has finally slipped below the politically sensitive $4-a-gallon level for the first time in many months. Per De Haan: The nation's average price of gasoline has fallen 9.3 cents over the last week and stands at $3.99 per gallon, according to GasBuddy data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country. The national average is

28d06/15⚠ shipping-routes · 3/5

How the Strait of Hormuz reopening could unfold if the U.S.-Iran deal is implemented

Tanker traffic through Hormuz could quickly increase but it is unclear whether transits will approach prewar levels, according to Kpler.

◇ unclassifiedusa · iran

Crude Extends Slide on Iran Accord

Oil prices plunged after the US and Iran agreed to an interim deal aimed at reopening the Strait of Hormuz.

◇ unclassifiedmiddle-east · usa · iran

28d06/15

Venezuela’s Oil Exports Hit Seven-Year High as Global Buyers Return

Venezuela’s oil production and exports are set to increase in the coming months as the United States further eases the rules of operating in the world’s biggest crude resource holder after taking control over the industry following the capture of Nicolas Maduro. The rise of Venezuela’s oil supply is good news for South America’s oil producers and sellers, which have stepped up shipments so far this year amid the disruption in the Middle East. It’s also good news for the U.S., whose refineries ar