Finance news

AI turbocharged the stock market. Now it’s firing up the economy.

A modern-day gold rush is giving a big boost to U.S. GDP.

19d06/27⚠ war-conflict · 1/5

What do I do with warrants?

I owned some Office Properties Income Trust corporate bonds before they went through bankruptcy. The bonds were finally converted into 16 shares of post bankruptcy stock and 14 warrants. My Schwab account shows them in the equities section with an expiration of 6/18/27 and symbol 67623C117, but no information other than that. It doesn’t appear that I have the option of selling them or doing anything. Do I just have to wait until June 2027, and what will happen then? submitted by /u/pityforthemaj

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Boy, 11, showing signs of heatstroke dies after run at Hong Kong sports ground

A boy who showed signs of heatstroke, including vomiting and fainting, after completing a 400-metre training run at Tseung Kwan O Sports Ground in Hong Kong has died. A police spokesman said the force was alerted at 5.11pm on Saturday that the boy, 11, had vomited and was displaying signs of heatstroke at the sports complex. “He was sent to Tseung Kwan O Hospital unconscious,” the spokesman said. The boy, a Hong Kong identity card holder, was certified dead in hospital at around 6.50pm. A source

Big Tech is obsessed with smart glasses. Now it has to convince people to wear them.

Smart glasses could become the definitive hardware design of the AI era — if consumers buy in to the idea.

◇ unclassifiedgermany · europe · uk

Reforms: Pressure on Black and Red for “Summer of Reforms”

The coalition leaders are surprisingly united in their proposals for the future of pensions. Does this also contribute to the eagerly awaited clarifications on a whole package of reforms?

Trading in these two ETFs suggests inflation fears are overblown

It could have been a big week for bond bears, if it weren't for crude oil.

Super-fluffy celestial bodies: Lighter than cotton candy: Extremely low-density planet

This discovery amazes astronomers: two giant planets have a density lower than cotton candy. Researchers have various possible explanations for this.

◇ unclassifiedgermany · europe · usa

Iran war: After attacks in the Gulf, concerns are growing about further escalation

Bahrain reports an Iranian drone attack – a tanker is hit in the Strait of Hormuz. There is actually an agreement between the USA and Iran to end the war.

Berkshire CEO Greg Abel sworn in as U.S. citizen at baseball game

Abel, a longtime Iowa resident who was born in the Canadian city of Edmonton in 1962, was among the roughly two dozen people from 16 countries who participated in an annual naturalization ceremony hosted by the Iowa Cubs Thursday night in Des Moines.

Rise in elite civil servants leaving prompts calls for hiring rethink

The number of elite Hong Kong public servants who resigned or retired climbed by a third in the past financial year compared with the previous one even as overall civil service turnover declined, prompting calls to expand open recruitment for senior posts. Figures from the Civil Service Bureau show that 36 administrative officers left the government in 2025-26, up by 33 per cent from 27 a year earlier. Of the departures, 20 resigned, compared with 18 in 2024-25, while retirements climbed from...

‘This is an unhealthy environment’: Arctic researcher Li Xueke leaves the US for Hong Kong

For climate scientist Li Xueke, the decision to leave the University of Pennsylvania for Hong Kong was a pivot to the front lines of the global green economy. As climate change turns the Arctic into a seasonally navigable ocean, Li’s research on critical new shipping routes could shed light on the economic impacts of a warming planet. Li joined City University of Hong Kong (CityU) last month as an assistant professor in the school of energy and environment, following a decade of study and work..

How Kohl's lost its way — and is trying to become relevant again

Kohl's went from a household name to a plunging stock as it lost relevancy and its core customer. Now, the company is trying to turn itself around.

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How GE Vernova builds the massive gas turbines powering the AI data center boom

GE Vernova turbines are powering Elon Musk's xAI Colossus 1 data center and Microsoft just bought seven to power its data center in Texas.

19d06/27⚠ shipping-routes · 3/5

Panama Canal Sees Revenue Beating Forecast

The Panama Canal expects revenue to exceed its $5.2 billion forecast for fiscal 2026 after the closure of the Strait of Hormuz.

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SpaceX’s new $11 billion ‘saving grace’ comes with a big catch

The company’s pivot toward offering hardware access to rivals could hamstring its own AI goals.

Impending El Niño: How commodity investors benefit from extreme weather

Energy and metals are expensive, and a weather phenomenon is now also driving up agricultural prices. Investors can still earn a lot from raw materials. How to do it right.

China urges easing of travel barriers as Apec tourism ministers meet in Macau

China will strengthen coordination with other countries to remove bureaucratic barriers and make travel more convenient for international tourists, Beijing’s tourism chief has told an Apec meeting attended by ministers from Hong Kong and other jurisdictions. Sun Yeli, China’s minister of culture and tourism, also called for closer cooperation within the Apec community to promote tourism as a regional economic driver. He highlighted that the “high-quality development of cultural tourism” was a...

It’s a tale of two S&P 500s as rotation out of top tech stocks shifts into overdrive

The equal-weighted version of the S&P 500 outperformed its traditional capitalization-weighted sibling this week by the widest margin in six years.

◇ unclassifiedgermany · europe · china

Business ticker: Despite the delivery ban, Apple probably wants chips from China

Apple wants to stick with a supplier on the US black list and is increasing prices for MacBooks and iPads +++ Tesla is hiring another 1,000 new employees in Grünheide +++ News in the company's live blog.

Citic Tower: Authorities confirm plane crash in high-rise building in Beijing

It was only after almost 22 hours that the Beijing authorities confirmed the incident from the previous day for the first time on Saturday. The background remains unclear. Beijing has one of the strictest no-fly zones.

Supply: More freedom in opening hours for pharmacies

Many pharmacies are under economic pressure. To ease bureaucratic requirements, they should be given more options when it comes to business hours for customers.

Heliad: An offer you can refuse

Why does entrepreneur Bernd Förtsch want to take Heliad off the stock exchange? Shareholders suspect foul play - but do not have to accept the delisting offer.

Chronography: How Rado turned ceramic watches into scratch-resistant luxury classics

Scratch-resistant ceramic watches are Rado's specialty. The first Integral came onto the market 40 years ago.

WiWo History: What happened to the Rolleiflex?

For decades, the manufacturer delivered innovation and quality work made in Braunschweig. But management errors were Rollei's undoing.

Labor market: Why an ex-manager is building his own application tool

After losing his job, a former consultant ventures into self-employment. His first idea fails, but the second is now supposed to bring a breakthrough.

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Daiichi Sankyo invests: A pharmaceutical company that remains loyal to Germany

Most recently, the drug manufacturers Eli Lilly and Boehringer Ingelheim spectacularly scaled back their investment plans in Germany. A competitor from Japan does it differently.

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US ally Bahrain claims Iran attacked navy base as Hormuz closed

Iran said it struck targets linked to US forces on Saturday in response to US air strikes on its southern coast, as each side continued to accuse the other of violating last week’s agreement meant to end the four-month-old war. Iran’s foreign ministry did not identify the locations of its “defensive” attacks, which it said were a response to “the barbaric air strikes” by the US on its coastal surveillance facilities, which it said also violated the UN Charter. Later, ‌Bahrain, which hosts the US

AI K-pop video pulled after anti-drug message backfires for Hong Kong prison service

Hong Kong’s prison service has withdrawn an anti-drug video featuring a beautiful AI-generated virtual K-pop girl group from social media and revised it after internet users said it resembled a promotion campaign for illegal substances. The Correctional Services Department uploaded the controversial video, titled “Obsession: The Sugar-Coated Trap”, to its social media platforms on Friday. In the video, four pretty AI-generated virtual K-pop idols in fancy clothes sing and dance. One, named...

◇ unclassifiedgermany · europe · iran

+++ Iran War +++: Again US attacks on Iran

British military reports attack on tanker in Strait of Hormuz +++ Bahrain condemns Iranian drone attacks on its own territory +++ Iran reports attacks on US sites +++ The news blog.