Finance news

Can Walmart help the Fed harness real-time U.S. economic data? We’re about to find out.

The Federal Reserve named a former Walmart CEO to a task force to develop contemporaneous data on spending, inflation and growth.

Trump’s climate jibes at China and EU just make him look out of date

US President Donald Trump’s negative portrayal of China’s achievements in renewable energy began at a White House meeting with oil executives on January 9 and was amplified at the World Economic Forum later that month. The story he told was shaped more by domestic politics than fact – a narrative that has lingered through subsequent debates over China’s alleged clean-energy “overcapacity”. While such rhetoric might rally support in the American Midwest, it does not withstand scrutiny. Trump’s...

Fed Sees Oil Prices Cooling Despite Renewed Iran War

The Federal Reserve still thinks energy prices are headed lower even as missiles are flying again in the Middle East. New York Fed President John Williams said Thursday that the market's expectation for oil prices to ease over the next six to 12 months remains "a pretty reasonable baseline," despite the collapse of the U.S.-Iran ceasefire framework and renewed attacks threatening energy flows through the Strait of Hormuz. That optimism may prove difficult to maintain. Oil markets have spent the

A junior employee saved this company six figures using AI. Here’s how.

“Some of the best ideas can come from anywhere in the organization.”

US Federal Reserve: Tech investor Marc Andreessen to lead “task force” at Fed

Five working groups are supposed to examine the functioning of the US Federal Reserve. They are headed by former central bankers, economists, the head of Xbox and the former head of Walmart.

USB drives on Amazon have 20% complaint rate about faked storage

Teardown of cheap USB drives shows storage capacity faked via microSD card

Onitsuka Tiger's flagship store in Tokyo boasts 'Street Fighter' arcade

Nestle to build $690m plant in Thailand for Nescafe coffee

Asian allies build up missile production as US stockpile dwindles

Tokyo office vacancies fall below 2% for 1st time since pandemic

Is Pakistan turning its side of Kashmir into another Balochistan?

Japan to test launch reusable rocket in chase with SpaceX

Pentagon seeks to shift $4.3B to pay for increasing operation and personnel costs

In a 47-page omnibus reprogramming notification, the Pentagon outlines an array of weapon and tech programs it wants to strip dollars from to pay for “unforeseen military requirements” which are “determined to be necessary in the national interests.”

America's Answer to China's Molten Salt Reactor

A United States firm just got one step closer to realizing the development of a thorium reactor – using a 3D printer. The Florida-based advanced nuclear energy company AMPERA successfully fabricated a nuclear reactor module using a 3D printer, which will serve as the basis for what the firm hopes will be the first thorium-powered nuclear power system that is entirely factory-built, subcritical, and solid-state. “This next-generation nuclear core and pressure vessel sets the foundation for factor

Meta’s stock rebounds as agentic AI coding and custom chips ease spending fears

Shares of Meta rallied on Thursday following the launch of a new AI model and reports of a big custom-chip milestone.

A slower AI payoff risks tipping the economy into recession, Apollo says

Growing threats from China and falling token prices may put AI financials at risk.

Florida's Palm Beach airport renamed for Trump

Palm Beach International Airport is now called President Donald J. Trump International Airport, the FAA said Thursday.

Podcasts and other educational content- what are peoples top picks?

I wanna get a wide variety of options from authoritative voices. Ideally people with a solid track record of making accurate predictions. I currently listen to prof g markets and Ben Cowen for some crypto analysis. But that’s probably only giving me a fraction of the story. Ultimately I want analysis and predictions over strait up news. Basically what media are people swearing by? Open to any ideas! submitted by /u/mrlebusciut [link] [comments]

Artificial Intelligence: The Great AI Frustration – Why more and more customers are rebelling against OpenAI and Anthropic

The two companies have long dictated prices. Now customers are fighting back – with new technologies, alternatives from China and the realization that a person is sometimes cheaper.

Inside NATO's extraordinary 48 hours that revealed Trump's grip on global diplomacy

Steve Sedgwick goes behind the scenes of NATO's dramatic 48 hours, where Trump's changing tone reshaped diplomacy and left allies guessing.

Anduril CEO says it's bad to IPO in ‘middle of a hype cycle’

Anduril recently hit a $61 billion valuation, becoming one of the most highly valued private tech companies.

Meet the new group of stocks powering the S&P 500 higher

A violent rotation is taking place under the hood of the stock market ahead of second-quarter earnings.

Volksbanken: Supervision takes action at Raiffeisenbank Plankstetten

Bafin sends a special representative to the board of the small cooperative bank. There had previously been a special test. The bank managers affected by the move are fighting back.

Turkey and Iraq Move to Keep Critical Oil Export Route Alive

Iraq just bought itself another year. Turkey and Iraq are expected to sign a 12-month extension of the agreement governing the Iraq-Turkey crude oil pipeline within days, preventing a July 27 expiration that threatened one of Baghdad's few remaining viable oil export routes. Turkish Energy Minister Alparslan Bayraktar said the agreement is in its final stages and will ensure crude continues flowing from Iraq to the Mediterranean export terminal at Ceyhan. It's only a one-year extension, but righ

Landon Donovan says there’s ‘zero chance’ he could have afforded to play youth soccer in America if he was a kid today

The U.S. men’s soccer team once again didn’t make it past the Round of 16 in the World Cup — and some say the high cost to play youth soccer in America could be a key reason.

Car company in crisis: VW employees must continue to tremble

In the fight for tens of thousands of jobs and four large German locations, Volkswagen is threatened with drastic cuts. The model range is to be gradually halved - and the works council is issuing an ultimatum.

Volkswagen: VW supervisory board ends without clarity on savings plans

VW remains silent about job cuts and factory closures. After the supervisory board meeting there is still no clarity. The works council is now giving the CEO an ultimatum.

Volkswagen: Blume presents conversion plan for VW - factory question still open

VW CEO Blume presents his big plan for the car manufacturer to the committee. But there has been no decision about factory closures – at least not yet.

USDA lowers reported beef export sales by 90% amid growing doubts over data

The US Department of Agriculture dramatically lowered its reported beef export sales for late June on Thursday, sparking fresh concerns about the quality of the agency’s data after staffing losses as part of the Trump administration’s reshaping of the federal government. USDA said exporters in late June sold a net 12,064 tonnes of US beef to foreign buyers, 90 per cent lower than the volume it originally reported ‌a week ago. Traders had largely dismissed USDA’s initial report as inaccurate....