Finance news

◇ unclassifiedgermany · europe · usa

Wall Street: Wall Street is making up for losses – and is trading unchanged

Concerns about the AI rally dominate the US stock exchanges. Nevertheless, consumer sentiment brightened in June. Relaxation comes from another area.

Meta's flurry of AI initiatives this month hasn't helped lift the stock. What will?

Meta has to justify its AI spending to unlock the struggling stock.

20d06/26⚠ shipping-routes · 2/5

US Drillers Add Oil, Gas Rigs As Hormuz Transit Resumes

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 573, up 26 from this same time last year. The number of active oil rigs rose by 7 to 440 during the latest reporting period, according to the data. This is 8 above this same time last year. The number of gas rigs rose by 3 to 125, which is 16 more than this time last year. The miscellaneous rig stayed

◇ unclassifiedmiddle-east · russia · usa

Stuttgart 21 will be even more expensive: “I am shocked by the results”

A planning fiasco? A new report from Deutsche Bahn gives the Stuttgart 21 project a very poor rating. Now everything should get better, promises railway boss Palla. And much more expensive.

Social◇ unclassifiedusa · china

Hang Seng fell 1.82% Tuesday vs Shanghai's 1.37% as Fed hike odds approach 70%

The dollar index broke 101 and Hong Kong's USD peg imports that directly (HKMA base rate at 4.0%, HIBOR pressure), while the PBOC holds record low LPRs with an easing bias. Same China tech companies, two completely different rate environments. I was looking at my KWEB position and realized I'm basically only long the HK side. KWEB holds zero A shares. CQQQ uses a 25% inclusion factor. Neither gives you real exposure to mainland China tech. The A share names (CATL, Cambricon, Zhongji Innolight) g

20d06/26⚠ war-conflict · 2/5

Trump says Iran violated ceasefire with drone attacks on Strait of Hormuz ships

The International Maritime Organization earlier paused efforts to evacuate ships and seafarers stranded in the Strait of Hormuz after a cargo vessel was struck.

◇ unclassifiedusa · iran

Bond yields are falling as inflation pops. The Fed’s tough talk under Warsh is helping.

Kevin Warsh, the new Federal Reserve chair, is helping coax Treasury yields lower by talking tough on inflation.

The housing bill’s back on track to becoming law. Here’s what it does for affordability.

A bipartisan housing package appears once again close to becoming U.S. law, albeit with a delay after President Donald Trump canceled a signing ceremony for the legislation on Wednesday.

◇ unclassifiedmiddle-east · russia · usa

Equinor Pulls Out of Japan’s Offshore Wind Market

Equinor is ending its offshore wind business activities in Japan and will close its Tokyo office by the end of the year as the Norwegian energy major is realigning its non-oil and gas strategy to focus on power markets. “This decision reflects a reassessment of Equinor’s strategic direction, with a strengthened focus on integrated power markets,” the Norwegian company said on Friday. While Equinor is ending its Japanese presence, Japan will remain an important country for Equinor, which will con

◇ unclassifiedusa · europe

AM General CEO defends JLTV A2 program after lawmakers’ funding threat

“The JLTV A2 transition proved especially challenging due to the unforeseen condition of the technical baseline we inherited,” John Chadbourne, said in a release Friday.

Deutsche Bahn: Confusion about possible culprits for total DB failure

On Wednesday night, rail traffic came to a standstill. An Instagram post is now causing unrest: an external company is said to be responsible for the incorrect update of the DB train radio - but they deny it.

OpenAI hasn't held pre-IPO investor meetings or set timeline yet, sources say

OpenAI said it confidentially filed its prospectus with the SEC earlier this month, but noted it "may be a while" before it goes public.

Trump threatens 100% tariff on countries putting 'Digital Services Tax on American Companies'

"This TARIFF will supersede Trade Deals made with the Country, whether implemented, signed, or not," Trump wrote in a Truth Social post.

20d06/26⚠ war-conflict · 2/5

Trump says Iran struck ship in Hormuz, calls it ‘foolish violation’ of ceasefire

US President Donald Trump on Friday blamed Iran for carrying out a drone strike on a cargo ship in the Strait of Hormuz, calling it a “foolish violation” of the ceasefire agreement with the US. One drone damaged the upper deck of the ship but the ship was able to proceed, Trump said. The US shot down three other drones aimed at the ship, he said. His post on social media did not identify the ship or the time of the strike, but on Thursday the British military said a vessel was hit by a...

◇ unclassifiedchina · asia · usa

◇ unclassifiedgermany · europe · usa

Foreign trade: Trump threatens Europe with 100 percent tariffs because of digital taxes

The USA and the EU had actually agreed on a customs agreement. But President Trump is already threatening new taxes.

There’s a ‘Trump account’ hack that can unlock decades of wealth-building for your kid

“The only reason” to use these accounts is “if you’re planning to do the Roth strategy,” said one financial planner.

OpenAI limits new AI models to 'trusted partners' at request of U.S. government

OpenAI said it previewed the new models' capabilities with the government ahead of the launch.

Bosch: Hartung's four years have shaped Bosch more than the previous 20

Stefan Hartung is stepping down as CEO of Bosch. All of a sudden. What he leaves behind is worrying. A comment.

Victory in the glyphosate dispute: What now follows Bayer’s “liberation strike”.

The Supreme Court has ruled in favor of Bayer in an important ruling, which limits the legal risk for the DAX group. The troubled investors are happy. But there is still enough to do.

◇ unclassifiedgermany · europe · usa

+++ US customs policy +++: Trump threatens European countries with 100 percent tariffs because of digital taxes

EU MPs agree to implementation of US customs deal +++ Court: USA may continue to raise global tariffs for the time being +++ USA reaffirms tariff caps for EU and Japan +++ The news blog.

How Micron aims to break through the risk cycle that has spooked investors for decades

Also in Weekend Reads: Medicare and GLP-1s, tech stocks and career advice.

◇ unclassifiedusa · europe

Prime Minister Andy Burnham comes with defense and national security implications

Burnham will likely want to continue many aspects of Keir Starmer’s approach to defense and security policy, but with some key differences.

Discounted bond funds, especially at scandal-hit Wamco, may offer an investment opportunity

Professional investment advisers wear handcuffs when they manage clients’ money — but you don’t.

◇ unclassifiedusa · europe

101st soldiers use drones to drop grappling hooks, breach razor wire

The Army should treat drones like ammo, one officer said, estimating a brigade needs between 1,000 to 1,500 drones per week in sustained combat operations.

Digitalization in Germany: Our share in railway breakdowns

The railway is constantly experiencing breakdowns because digital projects fail. This also has to do with German skepticism towards digitalization.

◇ unclassifiedchina · asia · usa

Why the Trump-Xi relationship may be the weakest link in US-China ties

As the summit between Chinese President Xi Jinping and US President Donald Trump fades in the rear-view mirror, marked by anaemic deliverables, poor transparency and missed opportunities, analysts and former US officials point to another disappointment: the world’s most consequential relationship has become inordinately dependent on the two nations’ top leaders. Trump’s May China trip, the first by a US president in nearly a decade, produced vague and contradictory readouts, puffed up promises,.

◇ unclassifiedgermany · europe · iran

+++ Iran War +++: Trump: Iran broke ceasefire with attacks in the Strait of Hormuz

Israel is apparently calling on Lebanese to flee locally +++ Israel warns Iran of attack due to Lebanon conflict +++ Iranian authorities warn ships against deviating from routes +++ The news blog.

◇ unclassifiedmiddle-east · russia · usa

Canada and Japan Consider Joint Critical Mineral Projects to Counter China

Canada and Japan are considering cooperation in critical mineral projects and a potential plan of joint stockpiling of key metals as the two G7 economies look to reduce China’s outsized dominance in the market, Canada’s Minister of International Trade, Maninder Sidhu, told Reuters in an interview published on Friday. “We're offering Japan that avenue to do more with Canada in terms of critical minerals,” said Sidhu, who led a Canadian delegation on a visit to Japan. Japanese and Canadian compani