Finance news

The Promise and Peril of Jamaica’s Offshore Oil Ambitions

Jamaica may be following in the footsteps of its Caribbean neighbours, such as Guyana, as it plans to drill for oil, despite being highly vulnerable to climate change. In recent years, Caribbean oil exploration has boomed, following successful drilling in Guyana and Suriname. But, at a time when the International Energy Agency (IEA) is calling for an end to exploration, will Jamaica pursue a future in fossil fuels? At present, Jamaica imports all its fuel, spending between $1.5 and $2 billion a

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Which companies or industries that we don't know much about are doing badly?

I think there are youth hostels in many places. Some houses are doing very poorly financially, which can become a big problem for schools, clubs and KiJu (child and youth welfare services). In my area, many bike shops have a big problem. They invested a lot during Corona, especially in the workshop. Now everyone who wants one has a bike and (at least in rural areas) the equipment to carry out almost all repairs themselves. submitted b

30d06/13⚠ war-conflict · 1/5

Slovenia lifts ban on arms trade with Israel

submitted by /u/OldBridge87 [link] [comments]

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Tips for straightening it out

As you can see, the talk of the deal has caused the price of oil to drop a bit. Do you have any financial tips on how I can best get out of this with +/- 0? Thank you submitted by /u/ColdDefinition403 [link] [comments]

Why the S&P 500 and some other index funds require seasoning and apply “free float”

I explained what this means in another post but I have been asked a few times why this is sensible. Seasoning means the company at IPO Can’t join the index. Free float means even after it does, its weight is only based on how much got sold last, not the total number of shares. So here’s why it’s done. Let’s suppose a very lossy company burning through venture capital decides to IPO. AND let’s assume it is worth $10 million pre-IPO. And here’s the super cynical thing that could happen. Imagine th

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◇ unclassifiedchina · asia · middle-east

Trump says deal to end war to be signed on Sunday, but Iran questions timing

US President Donald Trump said on Saturday that an initial deal to end the war in the Middle East would be signed on Sunday, although Iran denied the signing would take place so soon. Trump added in a social media post that the Strait of Hormuz, a ‌vital artery for global oil supplies which Iran has blocked, would be immediately “open to all” after the deal is signed. Pakistani Prime Minister Shehbaz Sharif said the two sides had agreed on a framework for a peace deal and that Islamabad was...

30d06/13⚠ sanctions · 3/5

UK Sets January 2027 Deadline for Ban on Fuel Made From Russian Crude

The UK has finally put a date on the sanctions loophole it said it would close a while ago. The British government said Friday that imports of diesel and jet fuel refined from Russian crude in third countries will be banned no later than January 1, 2027, closing one of the remaining routes by which Russian oil products can still find their way into the UK market. The move builds on sanctions announced in May that prohibit the import of refined oil made from Russian crude, even if that refining o

Russia, China, and Iran Are Joining Forces Against Western Pressure

Russia, China, and Iran are increasingly creating a strategic alliance of convenience that US policymakers must confront as it seeks to disrupt global order, according to a group of US experts and former officials. Speaking on June 10 at the "America's Adversaries: The Russia Reality" national security briefing organized by the Independent Women's Forum, many of the panelists noted that the transactional benefits are already yielding critical strategic dividends, particularly for an otherwise is

30d06/13⚠ sanctions · 3/5

US strike kills leader of Venezuela’s Tren de Aragua gang, White House says

Venezuela’s information ministry said that during the operation there were clashes with members of criminal groups, in which the leader was neutralized.

◇ unclassifiedusa · europe

Iran War: Oil price of $150 possible – expert warns of tipping point

Michael Widmer, raw materials strategist at Bank of America, sees serious bottlenecks if the Strait of Hormuz remains blocked - with significant consequences, especially for Asian countries.

Trump to discuss Strait of Hormuz demining efforts at G7

US President Donald Trump is expected to discuss plans to demine the Strait of Hormuz with allies during next week’s Group of Seven summit in France, a senior US administration official said on Saturday, as mediators said an agreement to end the war was close. Britain and France, which are both members of the G7, have expressed interest in assisting with demining the critical waterway once the conflict is paused. The official, who briefed reporters on the condition of anonymity on ground rules..

Rising Energy Bills Are Fueling a Global Home Battery Boom

Consumers are battling higher energy bills worldwide due to rising inflation and greater price volatility of oil and gas, driven by significant restrictions on energy trade through the Strait of Hormuz in recent months. This has prompted a surge in interest in household solar systems, as consumers look to produce their own clean, affordable power. Consumer interest in battery installations is also growing as battery prices decrease and people become increasingly aware of the potential for 24-hou

◇ unclassifiedgermany · europe

Recruit vow: Merz warns of concrete dangers: an unsafe world

Hybrid attacks, cyberattacks, disinformation: Merz is calling for more speed in strengthening the Bundeswehr. What this means for soldiers and the population.

From McKinsey to the comrades: “At heart I’m a total leftist”

Carsten Lotz was a management consultant for McKinsey. He is now running for chairmanship of the SPD in Baden-Württemberg, which recently received less than six percent of the vote. How does that fit together?

30d06/13⚠ war-conflict · 2/5

Funeral for slain Iranian supreme leader Khamenei set for July

Iran’s state-run news agency said on Saturday funeral processions for its former supreme leader, Ayatollah Ali Khamenei, would be held in July, as mediators say an agreement to end the war is close. The funeral, burial, and farewell ceremonies for Khamenei would take place between July 4 and 9, Iran’s state-run television IRIB reported. Khamenei was killed in the opening salvo of the war that Israel and the United States launched against Iran in late February. He has since been replaced by his..

Chinese team flags life-threatening ‘glaring weakness’ in Nasa’s Artemis programme

In the 21st century race to the moon, there is a question that engineers must ask: what happens when the main engine fails? China and the United States are answering this in contrasting ways. Their answers could reveal the value they place on human life. From the Apollo Lunar Module in the 1960s to Nasa’s new Orion spacecraft for the Artemis programme, the American architecture relies on a single, powerful main engine to do the heavy lifting. On the descent stage, one main engine controls the...

◇ unclassifiedmiddle-east · usa

ExxonMobil Explores Acquisitions Including Woodside

ExxonMobil has been holding early-stage discussions internally, according to people with knowledge of the matter.

◇ unclassifiedgermany · europe · russia

+++ Ukraine War +++: Ukraine reports attack on Russian oil facility – fire breaks out

Russia reports shooting down 185 Ukrainian drones +++ EU begins accession negotiations with Ukraine and Moldova on Monday +++ Putin: More than 700,000 soldiers in combat +++ The news blog.

Escalation in the Gulf: Why oil prices are falling despite new US attacks

The US and Iran are bombing each other. There is a risk of oil shortages in Europe and corresponding reactions on the markets. What investors need to prepare for.

◇ unclassifiedgermany · europe

Interview: Investment boss: “I see the hype about SpaceX as a warning signal”

Anders Schelde from the Danish pension fund Academic Pension avoids SpaceX. Also because shareholders have less say than ever before.

◇ unclassifiedusa · europe · iran

UAE denies 'false' reports of fund transfer to Iran

The statement follows a Reuters report that the UAE has agreed to unlock billions of dollars of frozen funds for Iran.

The math isn't mathing on the SpaceX IPO

Everyone is cheering the 19% pop like it proves something. It doesn't. Let's actually look. SpaceX closed today near a $2.1 TRILLION market cap. Their 2025 revenue? $18.7 billion. That's a price to sales ratio of about 112x. Not earnings, SALES. And they didn't even have earnings, they posted a $4.9 billion net loss for the year. For context, Apple trades around 9x sales. Nvidia at the absolute peak of AI mania was around 30x. SpaceX just IPO'd at nearly 4x that, while losing money. And it gets

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◇ unclassifiedgermany · europe · iran

Finding strength in a crisis: You can learn resilience from these people

US tariffs, AI disruption, Iran war – one exceptional situation is followed by another. How do companies and managers become resilient? Four people for whom emergencies are routine reveal their secrets.

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Multi-year advance flat rate in the tax return when selling

I hold some accumulating ETFs with a foreign broker and have decided to sell them. Since I have to calculate the advance flat rate myself every year, I will, as usual, have to declare the advance flat rate for 2025 in the tax return for 2026 next year. This means that I have to declare the advance flat rate for 2025 and the profit taxes for 2026 in the same tax return. How does this work? Is there a special field in the tax return where I can enter the tax return?

◇ unclassifiedgermany · europe · russia

War: Russia: Dead after Ukrainian attack on sea terminal

Russia has waged a war of aggression against Ukraine for more than four years. Ukraine is defending itself with counterattacks on the Russian oil industry. Once again both sides complain about victims.

Beyond the obvious: Little education, therefore little prosperity

The lack of education is more damaging than all other policy errors combined.

Kennedy Centre loses last-ditch attempt to keep Trump’s name on building

The Kennedy Centre was running out of options on Friday evening to keep President Donald Trump’s name on the facade of the iconic performing arts venue. A judge earlier in the afternoon rejected a request to pause a court-ordered deadline of Friday to remove references to Trump from the building and other aspects of the Kennedy Centre’s operations. The institution appealed that ruling, an effort that was also rebuffed on Friday evening. Scaffolding was erected around a section of the building...

31d06/13⚠ coups-regime · 1/5

US Gov directive suspends access to Anthropic Fable 5 and Mythos 5

The US government, citing national security authorities, has issued an export control directive to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees. The net effect of this order is that we must abruptly disable Fable 5 and Mythos 5 for all our customers to ensure compliance. https://www.anthropic.com/news/fable-mythos-access So if the gov is going to curtail access to better models how

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31d06/13

Trump says ‘swift and lethal’ US strike kills leader of Venezuelan prison gang

President Donald Trump said late on Friday that a “swift and lethal kinetic” US strike has killed Tren de Aragua gang leader Hector Rusthenford Guerrero Flores. “At my direction, ‌the United States Southern Command delivered a swift and lethal kinetic strike to successfully execute Nino Guerrero, the infamous leader of Tren De Aragua, one of the most bloodthirsty Terrorist Organisations on Planet,” Trump said in a post ⁠on Truth Social on Friday evening, referring to Guerrero Flores by his...