Finance news

Oracle stock has worst week since 2001 dot-com bust as AI financing concerns escalate

Oracle's surging spending, negative free cash flow and $130 billion debt pile are weighing on the stock.

Walmart heir Lukas Walton buys minority stake in the Chicago Bulls and United Center

Lukas Walton is the 39-year-old grandson of Walmart founder Sam Walton. He and Samantha Walton are residents of Chicago.

Burkina Faso cuts diplomatic ties with ex-ruler France

Burkina Faso’s ruling junta on Friday severed diplomatic ties with former colonial ruler France, accusing Paris of persistently acting against its interests. The military regime led by Captain Ibrahim Traore, in power since a coup in September 2022, is pursuing a policy repressive towards critical voices and hostile to Westerners, particularly France. “The government of Burkina Faso hereby informs the national and international community that it has decided to sever diplomatic relations with...

UK Grid Issues Another Supply Warning

The UK grid operator issued a second power supply warning for Friday evening.

AI Demand, War, and Climate Pressure Push World Back To Nuclear

Global energy markets are in turmoil as energy crises keep piling up. The energy-hungry AI boom, war in Iran, geopolitical instability, and climate pressures are creating a polycrisis for the global energy sector, and it’s just getting started. To solve multiple overlapping crises, we will need multiple overlapping solutions. An all-of-the-above solution to increasing energy security is therefore gaining favor on a global scale as the precariousness of over-reliance on limited energy supply chai

The World Cup has made Cape Verde goalkeeper Vozinha a $17 million social-media star

As Cape Verde faces off against Saudi Arabia tonight, here’s a look at what could be next for the breakout World Cup star.

Crude Falls On Rising Gulf Supplies

Oil prices fell sharply as rising Strait of Hormuz traffic and increasing Persian Gulf exports fueled oversupply concerns.

Cispa: China reacts to the debate about the Helmholtz Center

The allegations about problematic Chinese collaborations at the Helmholtz Center Cispa are spreading further. Now the Embassy of the People's Republic is reacting to the Handelsblatt research.

+++ Iran War +++: Israel and Lebanon agree on framework agreement - Hezbollah rejects agreement

Trump: Attack in the Strait of Hormuz is a breach of the ceasefire +++ Israel is apparently calling on Lebanese to flee +++ The news blog.

China's Battery Giant Bets Big on Sodium as Lithium Volatility Persists

The world’s largest battery maker is taking a step back from the eclectic vehicles sector to refocus its efforts on energy storage. China’s Contemporary Amperex Technology Co. Ltd. (better known as CATL) has been building up its energy storage portfolio for years now, but the company’s transition away from EVs and toward energy systems has been supercharged by the artificial intelligence boom. Five years ago, just 2 percent of CATL’S sales came from battery storage. Today, storage accounts for a

Congress: “There is no censorship” – how the AfD presents itself as a democracy party

The AfD is holding a democracy congress in the Bundestag for the first time. She promotes her view of freedom of expression and democracy - with prominent guests from home and abroad.

Owning UPS or Shopping Center

Hello fellow Redittors, I’ll keep it simple and ask whether or not if someone on the channel has an experience owning/running an UPS store or owning/running a shopping center - if anyone does have an experience or knowledge about it, what is it like? Is it profitable if you (as an owner) work most hours? Is it a decent long-term investment? submitted by /u/xclushiv [link] [comments]

Layoffs at VW: The auto industry has to completely realign itself

Volkswagen's austerity plans highlight the difficulties facing industry in Germany. The market reality can no longer be argued away.

$100k flyer on market crash?

Just looking for opinions. If you had $100k to take a flyer that the market will crash, what investment instrument would you use? I’ve done pretty well with the set it and forget it and perpetual investing over the last 25 years. I really want to take a gamble. This would be off the books, I won’t miss it. I’m fine with the same set and forget mentality for this money. I’ve been looking at inverse etfs which they say are very risky if held long, which is exactly the type of risk I’m looking for.

US billionaire Leon Black defends US$158 million paid to Epstein

Billionaire investor Leon Black said on Friday that Jeffrey Epstein deceived him during a years-long relationship in which he paid the disgraced financier US$158 million, but insisted he committed no criminal wrongdoing as he appeared before the House Oversight Committee. Black is the 16th person to appear before the committee as part of their broader investigation into the web of wealth and influence around Epstein. Before entering the closed-door deposition, congressman James Comer, the House.

Rubio says Israel, Lebanon reach framework agreement aimed at 'lasting peace and security'

Israel and Lebanon agreed to implement a ceasefire. But that is contingent on the paramilitary group Hezbollah agreeing to halt hostilities.

Daiichi Life to arrange leveraged buyout loans in first for Japan life insurer

Takeda's 1st female CEO leans into AI to shape biopharma business

LNG prices slow to normalize despite Iran deal, Qatar production restart

Japan banks, tech firms join on AI chat tool for retail asset management

Thailand's Saha teams with Japan telecom SoftBank on AI-powered services

China's critical metal imports soar 60% in push to control global supply

Japan quake strikes near Mount Fuji, but experts see low eruption chance

Shift away from Mideast oil set to last despite price comedown

Gavin Newsom calls for national billionaires tax: 'It's time for an economic reset'

California Gov. Gavin Newsom said he supports imposing "a true minimum tax on billionaires" and closing "tax-free lifestyle loan" loopholes for the rich.

The IAEA Faces a New Nuclear Puzzle Inside Iran

Amid an ongoing row between Washington and Tehran over whether international monitors can verify Iranian compliance with its nuclear nonproliferation commitments, former officials have told RFE/RL that the scale, scope, and degree of access are crucial to the success of inspections. Details on those have yet to be determined, though Raffael Grossi, head of the International Atomic Energy Agency (IAEA) said the UN body "will be working on the modalities -- dates, procedures, places -- very soon."

NATO allies promised Trump they’d secure the Arctic; they’ve got work to do

Through most of NATO’s eight-decade history, the inhospitable High North was low priority. That calculus is now changing.

AI’s most explosive hardware trades are hitting a wall. Why optical and memory stocks are falling.

AI spending has been a key engine for the market, and some investors now worry that it could stall out, one expert says.

Christian Fischer: This is how the new Bosch boss works

Stefan Hartung is stepping down and handing over leadership at Bosch to his previous deputy Christian Fischer. How the new boss ticks – strategic, pragmatic, sporty.

Christian Fischer: That is the vision of the new Bosch boss

Stefan Hartung is stepping down and handing over leadership at Bosch to his previous deputy Christian Fischer. How the new boss ticks – strategic, pragmatic, sporty.