Finance news

leaning towards spym > voo... but is there a risk spym stops tracking the s&p 500 eventually?

opening a brokerage through fidelity. wanting to invest in the s&p 500. as much as i want to go with vanguard etfs after reading the simple path to wealth & the little book of common sense investing... spym has them beat on the expense ratio (0.02% vs. 0.03%). (i know fidelity offers fxaix at 0.015%, but i think i want flexibility to transfer away from fidelity if i need to down the line.) anyways - i've read that spym (formerly splg) used to track the russell 1000 until 2020 or so, and then swi

How high is the spread at your CFD broker?

https://preview.redd.it/5i59ljsfia6h1.png?width=1010&format=png&auto=webp&s=57ca8d4c09ebb84f39c2540a0fbae3cd63e41eb6 I set up an account with xtb and am absolutely overwhelmed by the spreads. They actually charge 132 pips for CFD trading on US stocks. Honestly, that almost borders on criminal, or is that normal? For comparison, I also opened an account with IG, but their cost structure is not entirely clear to me. For a similar trade falls at

Self-Driving Cabs Are Coming to London

Uber has opened an interest list for customers keen to try autonomous minicabs in the capital, as self-driving taxis near a commercial launch in the UK. The ride-hailing giant is partnering with British autonomous driving firm Wayve, whose technology has been tested on London's streets since 2018. Customers can now opt in through the Uber app for a chance to be matched with one of the vehicles when the service launches, which both companies expect to happen in the coming months, subject to regul

Oil prices are defying a worst-case energy crisis — but workarounds won’t last forever

Experts point to three main reasons for the relatively steady prices but caution that a reckoning is not too far off.

The World Cup could deliver Fox a ratings bonanza: ‘There will be all sorts of viewership records’

Viewership for previous World Cup finals was only a little higher than for a strong Monday Night Football game, but with matches on U.S. soil, media executives are hopeful this will be the year soccer breaks through.

YK Pao School Hong Kong Celebrates Launch Ceremony, Set to Open in August 2026

[The content of this article has been produced by our advertising partner.] In a defining moment for Hong Kong's educational landscape, the YK Pao Education Foundation officially announced the forthcoming opening of YK Pao School Hong Kong at a launch ceremony on 29th May, 2026. Welcoming its first cohort in August 2026, the pioneering school is conceived to meet the growing demand for international bilingual education. Rooted in the philosophy "Learning with Joy, Living with Purpose," the...

Why Argentina’s Shale Boom Matters for Global Energy Markets

Argentina’s epic unconventional oil boom is going from strength to strength. At the end of 2024, South America’s third-largest economy emerged as the continent’s fourth-largest oil producer. After production faltered at the end of 2025, output bounced back to near record levels at a crucial time for world energy markets. The closure of the Strait of Hormuz is impacting global oil supply, triggering a price shock that could push vulnerable economies into recession. The 8.6-million-acre Vaca Muert

Ceasefire Caps Oil Rally as China Demand Weakens

Supertankers Are Back in Fashion as Hormuz Risk Rewrites Oil Trade - The US-Iran crisis has engendered a shipbuilding boom, with the global orderbook for supertankers soaring to an all-time high as shippers race to lock in Very Large Crude Carriers (or VLCCs) for 2029-2030 delivery. - There are currently 262 VLCCs on order at shipyards around the world, surpassing the previous record posted in September 2008 (254), with orders jumping by a whopping 99 since the beginning of 2026. - Some 10% of t

After FCAS demise, Germany’s options include ordering more F-35 warplanes

“Knowing what we know today, we wouldn’t set up a program in this way again,” Pistorius said.

Paying on vacation: Cards abroad: Check blocks and limits in advance

The best way to enjoy a holiday abroad is if you are “fluid”. When preparing your travel budget, you should also keep an eye on the available budget. What else?

Kuwait Offers First Crude Cargoes to Asia since Iran War Started

Kuwait, one of OPEC’s top producers and one of the exporters most affected by the near-closure of the Strait of Hormuz, is offering its crude to Asian buyers for the first time since the Iran war choked off transit through the critical chokepoint. At least 4 million barrels of Kuwaiti crude loaded on two supertankers capable of carrying 2 million barrels each are being directly offered by the national oil company Kuwait Petroleum Corporation (KPC) to buyers in China and South Korea, anonymous tr

This proposed federal budget cut could eliminate job training for 42,000 vulnerable seniors

A job-training program for low-income older adults is set to lose funding under President Donald Trump’s proposed budget for 2027 — just as more stringent work requirements for food aid and healthcare coverage go into effect.

OpenAI's 2026 GAAP loss runs ~80% above the headline. Does the $1T IPO valuation absorb it?

OpenAI's projected 2026 losses look very different once stock-based compensation is included. The widely cited $14B figure excludes SBC. Add the $7B to $10B in equity comp and the median 2026 GAAP net loss lands closer to $25B to $26B, roughly 80% higher than the non-GAAP number. That significantly changes their runway math. At $14B annual burn the current $122B in available capital covers ~8 to 9 years. At $25B losses, it covers about 5. The path to profitability then requires moving from a -12

Kuwait Offers Oil to Asian Buyers for 1st Time Since War

Kuwait is offering to sell its crude to refiners in Asia for the first time since the Iran war started.

Energy Secretary Chris Wright says traffic in Strait of Hormuz is rising 'very meaningfully'

Wright said that describing the volume of oil exports out of Hormuz as increasing is a "fair statement."

Malaysia to promise Japan maximum possible LNG, naphtha

Oil prices fall nearly 4% after U.S. Energy Secretary says Hormuz ship traffic is increasing

President Donald Trump has repeatedly said a deal with Tehran to reopen Hormuz is close, but such an agreement still has not materialized.

Special assets: 500 billion, little effect - Klingbeil's problem with the special assets

Planned for a long time, implemented slowly, future fields are left behind: What the first report on the 500 billion special fund reveals about Germany's investment policy.

BP CEO Shakes Up Structure

New BP Plc Chief Executive Officer Meg O'Neill reorganized the energy giant's leadership and reporting structures.

North America Keeps Adding Rigs

North America added eight rigs week on week, according to Baker Hughes' latest North America rotary rig count.

How America Lost Command of the Commons: And Why the Open Seas May Soon Be Tolled

[Excerpt from Isaac Kardon, Senior Fellow in the Asia Program at the Carnegie Endowment for International Peace and the author of China’s Law of the Sea: The New Rules of Maritime Order.] Iran’s shuttering of the Strait of Hormuz, and the United States’ failure to restore the free flow of maritime traffic, has put a spotlight on just how much the global economy depends on ships’ ability to pass unencumbered through key waterways—and how fragile that right is. But well before the strait’s closure

Suspect arrested in ‘sickening’ Belfast stabbing as attack videos spread online

UK Prime Minister Keir Starmer’s office called for calm on Tuesday after police said they arrested a Sudanese suspect over a stabbing in residential Belfast in Northern Ireland that drew national attention because of graphic videos of the attack online. Police said the victim was taken to the hospital with serious wounds to his face, neck and back late on Monday. They said the suspect, who is in his 30s, was arrested on suspicion of attempted murder and remained in police custody. A kitchen...

India's Fuel Demand Falls 6.5%, LPG Consumption Drops 20%

India's fuel consumption fell by 6.5% in May from a year earlier while sales of liquefied petroleum gas (LPG), a key cooking and industry input fuel, tumbled by 20% as the Iran war continued to disrupt supply from the Middle East and drive India's fuel prices higher. Fuel consumption in India dipped by 6.5% last month from the same period of 2025, dragged down by lower gasoline sales, while diesel consumption inched up by 1.6%, according to official data from India's oil ministry. Gasoline consu

Why Iran Attacked Israel and Then Backed Off

Iran’s military central command has announced a halt to its strikes against Israel, declaring it had delivered a "painful response" to Israel over strikes on Beirut's Dahiyeh district -- but warned that any continuation of Israeli aggression would bring "far more intense and crushing" retaliation. The announcement on June 8 came shortly after US President Donald Trump posted on Truth Social that "both sides, Israel and Iran, are looking to do an immediate cease-fire," adding that final negotiati

Kitchen industry: Why Germany's kitchen builders urgently need new buildings

Too few new buildings and a declining willingness to buy are causing problems for German kitchen builders. The first calls for a housing construction bonus are becoming loud.

Qatar Quietly Sends LNG Tanker Through Hormuz

Another liquefied natural gas shipment from Qatar transited the Strait of Hormuz over the weekend, according to ship data.

India Eyes Russian Steelmaking Coal Assets

Indian state-controlled steelmakers are considering buying coking coal assets in Russia to boost the supply of the raw material that India designated as a critical and strategic mineral early this year. Officials from Steel Authority of India (SAIL) and NMDC Ltd visited Russia last month and held talks with Russian government and industry representatives to explore opportunities to buy steelmaking assets in Russia, Indian sources with knowledge of the development told Reuters on Tuesday. India r

Jim Cramer's top 10 things to watch in the stock market Tuesday

U.S. stocks are set for a higher open as oil prices decline. Plus, the SpaceX IPO is heating up.

Retail: Department store group Galeria is struggling to finance its future

The dealer is ready to make radical cuts, but the potential lender Gordon Brothers is reluctant. In any case, little of the promised millions is likely to remain for investment.

No, the spacex ipo is not going to tank your 401k

Tired of all the fearmongering here ,, it’s not gonna tank your 401k. people are freaking out bc index providers like nasdaq and russell are bending thier rules to fast track spacex into index funds at that massive $1.5T valuation. everyone thinks passive retirement money is being forced to buy an overvalued hype stock to bail out billionaires, but the actual math makes that disaster narrative basically impossible. First off, index funds buy based on "free float" (shares actually available to th