Finance news

Pemex Wants Petrobras' Deepwater Magic

When you're drowning in debt, plagued by declining production, and running a refining business that seems chronically allergic to profits, buddying up with a more successful partner starts looking like a sound strategy. That's essentially what just happened between Mexico's Pemex and Brazil's Petrobras. The two state-controlled oil giants signed a memorandum of understanding this week to collaborate on exploration, production, refining, natural gas, petrochemicals, and more. But the headline ite

Mamdani-backed candidates are likely to win in NYC primaries, prediction market traders expect

Voters are heading to the polls in New York, with four competitive races in Democratic congressional primaries in focus.

Job applicants who master this one skill stand out more in the age of AI

Young Americans are looking for ways to stand out from their peers.

Oil tankers are being lured back into the Strait of Hormuz by big payouts

Big oil tankers are commanding $280,000 a day to head into the Persian Gulf to pick up cargoes, danger notwithstanding.

Poland buys V-Bat UAVs from Shield AI for naval forces

In Ukraine, V-Bat drones have withstood electronic warfare attacks that have downed other UAVs.

Rastafarian man can’t sue prison guards who shaved him bald, US Supreme Court says

The US Supreme Court refused on Tuesday to let a Rastafarian man sue state prison officials in Louisiana after guards held him down and shaved him bald in violation of his religious beliefs in a case brought under a federal law protecting incarcerated people from religious discrimination. The Supreme Court, in a 6-3 ruling powered by its conservative majority, upheld a lower court’s decision to dismiss Damon Landor’s lawsuit, agreeing that he could not sue the individual prison officials and...

Relationship with industry: Is Merz the chancellor of the bosses?

First they were his biggest fans, then his biggest critics - and now? About the complicated relationship between business and Friedrich Merz.

Crude Extends Losses

Oil prices fell as more tankers resumed transiting the Strait of Hormuz and additional supplies entered the market following the US-Iran interim peace deal.

SpaceX Taps Bond Market for $20 Billion to Fuel AI Expansion

Elon Musk’s SpaceX has begun selling investment grade bonds for the first time in what is anticipated to be a mass borrowing spree in order to fund the company’s ambitious AI plans following its blockbuster Nasdaq listing. Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase & Co and Morgan Stanley are arranging calls with investors in a bid to provide temporary bridge financing for the satellite company, according to reports in Bloomberg. A bond offer is expected to follow this, with matur

Army launches new low-cost interceptor program, targets fall for first live fire demo

Army Secretary Dan Driscoll said the new LCIs are “not intended” to replace any existing, exquisite air defense systems, but are intended to “supplement” such products.

SpaceX stock’s wild price swings since its IPO show how risky leveraged ETFs can be

The excitement around SpaceX shares has quickly faded after they soared in their market debut this month — providing a crushing reminder of just how risky it is to make leveraged bets on single stocks via the exchange-traded-fund market.

$RUM - 0 or over $20B (no in between)

I am loving Rumble lately ($RUM) they seem to be in advance on many things. I feel like investing in a social media does not offer any in between for a 0 or a multiple billion market cap. A social media platform can’t survive while being small, the possible outcomes are; A) an acquisition which would be more than the current stated price for $RUM or B) $RUM conquer more in the social media space With people’s trust in traditional medias being at an all-time low, I can easily see $RUM thrive. Wha

critique my 20-30+ year portfolio

Fund Role Target % Target $ VOO Broad US core 34% $134,590 VXUS International (incl. EM) 19% $75,210 AVUV US small-cap value 11% $43,540 VGT Single tech tilt 8% $31,670 SCHD Value / quality 7% $27,710 BRK.B Value anchor 6% $23,750 VNQ Real estate 5% $19,790 XLE Energy tilt 5% $19,790 VWO EM overweight 5% $19,790 suggestions? submitted by /u/this_is_for_subs [link] [comments]

SpaceX seeing some interest from short sellers, but many still afraid to bet against Musk

About 40 million SpaceX shares are sold short, roughly 5% to 7% of the shares that are publicly available to trade, according to an estimate by S3 Partners.

Stock investors expect the Fed to save them. But no ‘Warsh put’ is coming.

Wall Street’s belief in a central bank safety net misreads the dot-com crash. Alan Greenspan was following rules — not saving portfolios.

Von der Leyen to meet Pashinyan in Yerevan after Armenia’s pro-EU vote

SS: Following Pashinyan's election win a few weeks ago, the promise of a rapprochement between the EU and the CSTO member-nation seems to be on track. The European Commission President is set to travel to Armenia next week to further develop strategic EU-Armenia relations. Von der Leyen’s visit will take place following a new announcement by the European Commission last Friday that it “disbursed €34 million to Armenia to help mitigate the impact of Russia's trade restrictions on the country's pr

US Army tests fire control software that helps moving vehicles kill drones

The Army has successfully tested software designed to help vehicle-mounted weapons shoot down drones while both the target and the vehicle are moving.

SpaceX raises $25 billion in debt sale less than two weeks after IPO

SpaceX raised $25 billion in a debt sale, after seeing nearly $90 billion worth of orders, sources say.

China Eyes $2 Billion Uzbek Mining Bet as Central Asia Courtship Accelerates

The head of China’s National Energy Administration, Wang Hongzhi, visited Kazakhstan to participate in the inaugural meeting of the Kazakhstan-China Joint Working Group on Cooperation in Civil Nuclear Energy. Participants approved a protocol that defines future cooperation in the nuclear energy sphere, according to a Kazakh government statement, which offered no further details. Kazakhstan has selected China’s National Nuclear Corp. to build two large-scale reactors in the Central Asian nation.

Diplomacy: Meloni relies on de-escalation after dispute with Trump

Trump claims Meloni begged him for a photo at the G7 summit. Italy's head of government reacted sharply. Now she doesn't want to let the argument escalate any further.

PGA Tour CEO Brian Rolapp unveils sweeping changes to professional golf

Changes to the PGA Tour are designed to elevate competition and raise payouts for winners.

Ransom note says Nancy Guthrie is dead, prompting plea from daughter Samantha

Today show host Savannah Guthrie made an emotional appeal to viewers on Tuesday to come forward with any information about her missing mother, a day after news organisations said a ransom note received months ago had indicated that she was dead. “We are in agony, and we cannot be at peace … We love our mum. We’ll never stop looking for her,” Guthrie said at the Today desk in New York, holding a tissue in her left hand. Nancy Guthrie, 84, who lived alone, was reported missing from her Tucson-area

Tanker Owners Are Having the Best Week of the Hormuz Crisis

The Strait of Hormuz may be reopening, but don't tell tanker owners the crisis is over. They're making too much money. As Middle Eastern producers scramble to move crude that has spent months stranded in the Persian Gulf, tanker rates have exploded higher, turning a slow return to normal into a windfall for shipping companies. According to Reuters, the cost of hiring a tanker in the Gulf has nearly doubled in just a week, jumping from around $106,000 per day to more than $190,000 per day. For so

SoftBank to build AI servers at old Sharp plant starting in fiscal 2027

Blackstone to invest $30bn in Japan AI data centers: president

Toyota to slash even more output abroad as Iran war crimps demand

Japan to consider economic security in M&A screenings

China plans postwar aid for Iran, with eye on energy supply

Strait of Hormuz evacuation plan to begin for ships stranded in Persian Gulf, maritime organization says

More than 11,000 seafarers stuck in the Persian Gulf will begin to exit through the Hormuz Strait in a large-scale evacuation plan backed by Iran and the U.S.

Meta is building a prediction markets app. These stocks are falling in response

The report said that CEO Mark Zuckerberg directed staff to develop a prediction market platform, internally known as "Arena."