Finance news

Gold, silver and bitcoin are getting rocked, and angry investors can blame Kevin Warsh

Gold, silver and bitcoin are all falling to their lowest levels of the year as a strong dollar and fears of interest-rate hikes heap pressure on the “debasement trade.”

Federal Reserve says U.S. banks can withstand $708 billion in losses amid overhaul of capital rules

The Fed's annual exercise comes at a pivotal moment for bank regulation because, unlike previous years, the results will not affect capital requirements.

China’s Crude Imports Plunge To Lowest Level Since 2018

Oil prices remain headline-driven, taking direction from escalation and de-escalation in the U.S-Iran conflict in the near term. The first round of talks between the United States and Iran in Switzerland has concluded with positive comments from both sides, and an agreement to push for a final agreement within 60 days. However, there's considerable scepticism about whether more complex issues around nuclear technology and transit through the Strait of Hormuz can be fully resolved in the short ti

Federal Reserve Board's annual bank stress test confirms that large banks are well positioned to weather a severe recession and able to continue to lend to households and businesses

Federal Reserve Board's annual bank stress test confirms that large banks are well positioned to weather a severe recession and able to continue to lend to households and businesses

Oil Falls to Postwar Lows

Despite historically low US crude inventories, traders focused on improving Middle East supply flows and growing signs of potential oversupply.

War in Iran: Rubio promises Iran talks for next week

At the weekend, representatives of the USA and Iran met in Switzerland for talks. Things will continue soon.

A parable straight out of a picture book

submitted by /u/No_Perspective_5917 [link] [comments]

US, UK, France, Germany raise alarm about Chinese patrols off eastern Taiwan

The countries said Chinese patrols off the coast of Taiwan threaten regional stability and freedom of navigation.

Boeing wins $2B Space Force contract for 2 new MUOS satellites

Set to be launched “no earlier” than 2031 and 2032, the new satellites will extend the life of the MUOS constellation through 2035, according to SSC.

Bitcoin still in free fall - still under €50,000 this week?

While World ETFs produce very solid returns year on year (the Grail is +26% in the 1-year period), Bitcoin continues to fall. The price is currently €52,000. For comparison: 5 years ago (!) the price was temporarily higher than it is now. Inflation is not even taken into account. Even Dirk Müller can't achieve such negative returns! I've always found Bitcoin to be fun play money. It's clear to everyone that Bitcoin is actually worthless, but sometimes you just want a little

Bitcoin falls back under $60,000, hitting its lowest level since October 2024

Bitcoin, now in the eighth month of its bear market, dropped to an October 2024 low amid a pullback in tech stocks.

Investment company: Rocket Internet and the dispute over company value

Rocket boss Oliver Samwer's information policy has long been a nuisance for shareholders. Now a farce about the amount of the dividend is raising questions.

Energy secretary says U.S. has ended Iran's ability to close Strait of Hormuz

Some 72 ships loaded with 19 million barrels of oil have passed through Hormuz in the past 24 hours, Energy Secretary Chris Wright said.

+++ Football World Cup 2026 +++: According to the Adidas boss, Germany jerseys are more popular than ever

Refused a handshake? Again there is a fuss about Partey +++ Only Vogts and Derwall have a better national coaching record than Nagelsmann +++ France coach Deschamps is leaving +++ The news blog.

Norway's Oil Output Beats Forecasts Again Despite Pullback from April Highs

Norwegian petroleum production eased in May after April's exceptionally strong performance, but the country's offshore sector continued to outperform expectations. Crude oil production came in 7.2% above official forecasts even as both oil and gas output declined from the previous month, reinforcing Norway's position as one of Europe's most reliable energy suppliers. Norway produced an average of 1.722 million barrels of crude oil per day in May, according to preliminary figures from the Norwegi

Pentagon races to spend $152B reconciliation pot — or face cuts

Pentagon program offices are under pressure, juggling the urgency of getting reconciliation funding under contract by Oct. 1 while making sure those contracts include fair pricing and adequate oversight, one defense official told Breaking Defense.

Brazil detains Spanish woman for racism, in latest high-profile arrest

Brazil’s federal police detained a Spanish citizen in Sao Paulo’s international Guarulhos airport for racism on Wednesday, the latest in a series of high-profile arrests of foreign tourists on similar grounds. Brazil has some of the strictest anti-racism laws in Latin America. Insulting a person on the basis of race carries a penalty of imprisonment from two to five years and a fine. The crew of a Latam airlines flight arriving from the northeastern city of Sao Luis called police, who arrested..

Nvidia's Huang calls black market data centers made of smuggled parts a 'dead end'

Washington regulators and the Trump administration are increasingly wary of China getting ahold of advanced AI software and hardware.

all the news and selling is just noise!! big money wants your shares!! MICRON fundamentals has not changed

all the news and selling is just noise!! big money wants your shares!! there will be selling guarantee but the fundamentals has not changed! todays earnings Q3 should be roughly 35billion revenue, eps24 next earnings Q4 should be roughly 42billion, eps29!!! lately all this nonsense is just noise so retail sell!! we will get dips here and there but the numbers seems to be only goin up!! I bought back in today and will be buying more Friday for options expiry 2026 expected revenue 114billion,eps70

China detains 2 Japanese over alleged rare-earth export control breach

Honda, Nissan, Mitsubishi eye standardizing next-gen part to cut costs

Iran scrambles to move estimated $8.5bn in oil as US eases sanctions

China satellite companies set sights on SpaceX, pushing to ramp up launches

Cool Japan Fund losses mount, prompting debate about its future

US private equity firm Advent to buy Japan nursing care provider for $1bn

Investing for minors: 529 accts canNOT hold individual stocks directly; what about ETFs?

The 529 plans with which I'm familiar only allow investments in Mutual Funds -- and only certain 529-tailored funds at that. At the other end of the spectrum, there seems to be a universal prohibition against buying individual stocks in those accounts. In between are Exchange-Traded Funds. It's not clear if I can buy any old ETF that I like inside a 529 acct, or only a curated subset of them. Need advice from those who've trodden this path before me. submitted by /u/DeeDee_Z [link] [comments]

Trump’s name is gone from the Kennedy Centre. Why is the tarp still up?

A US federal judge asked on Wednesday for an explanation for why a tarpaulin continues to cover the facade of the Kennedy Centre where President Donald Trump’s name was recently removed. District Judge Christopher Cooper gave the board of trustees of the performing arts venue until the end of July to explain “the purpose for and status of the tarp and scaffolding that defendants have erected on the front portico of the centre”. Trump’s name was removed from the Kennedy Centre on the orders of...

Cerebras CEO says margin forecast was 'misunderstood' as stock plummets after earnings

AI chipmaker Cerebras has a staggered lock-up expiration that includes some shares becoming available for trading this week.

Trade Is Slowly Opening One of the World's Most Isolated Nations

Azerbaijan is working hard to coax Turkmenistan out of its shell and integrate Ashgabat into trans-Caspian trade routes. Azerbaijani leader Ilham Aliyev exchanged a variety of trade-related agreements with Turkmenistan’s titular head of state, Serdar Berdymukhamedov, during a June 22 ceremony in Baku. A joint statement issued after the ceremony highlighted an agreement to streamline “technical specifications” concerning the movement of goods and vehicles between the two countries, and another to

French woman rescued in Pakistan after husband allegedly held her captive for 12 years

Pakistan police said on Wednesday that they had rescued a French woman and her five children after she told authorities she had been held captive by her husband for more than a decade and subjected to years of domestic abuse in the country’s northwest. The woman, identified as 54-year-old Sylvie Yasmina, was rescued earlier this week from a mud-brick home in Bara, a town in Khyber Pakhtunkhwa province near the Afghan border, district police chief Waqar Ahmad said. He said Yasmina’s husband,...