Finance news

The Claude Fable ban barely changes Anthropic's IPO timing or valuation

I'm not sure how many of you are interested in Anthropic stock on secondary markets, or are planning to participate in their IPO, but I figured I'd post this here as private markets are huge and most investors I know are either already in Anthropic/OpenAI, or are looking to be. I asked the question: what does this whole "US bans Claude Fable" thing say about Anthropic's IPO timing and valuation? I had a model of these before, and I checked all the assumptions, and my conclusion was, it won't aff

Why West doesn’t understand China, according to ex-Harvard Chinese author

Nie Huihua, a professor of economics at Renmin University, discusses how an effective understanding of China’s development requires a shift from Western-centric frameworks to an integrated perspective that recognises how formal institutions, informal grass-roots mechanisms and cultural collectivism couple together to create a self-consistent and adaptive governance system. SCMP Plus readers get early access to articles in the Open Questions series. You received economics training at Harvard, but

South Korean police detain 12-year-olds in rare crackdown on young offenders

South Korean police have taken the rare step of placing three 12-year-old boys in juvenile facilities after they allegedly stole cars and drove without licences in two separate incidents within a week, underscoring growing concern over serious offences committed by children too young to face criminal prosecution. Police in Cheonan, a city about 90km south of Seoul, said on June 17 that the boys had been placed in juvenile protection facilities following a series of car thefts in May. “These...

The Chinese scientists hoping to use a space solar plant to power the world

Using a few mirrors, solar panels and a microwave transmitter, Fan Guanheng and his team can send power over 100 metres (330 feet) through the air. But they are dreaming much bigger – 36,000km (23,460 miles) bigger. The team at Xidian University in Xian, capital of northwest China’s Shaanxi province, are testing hardware that could one day be used to generate power in space and send it back to Earth. On a sweltering June morning, the team were measuring how well light was concentrated by a...

Chinese AI improves forecasts as Hong Kong braces for super typhoons

An artificial intelligence model recently deployed at the Hong Kong Observatory and mainland China’s National Meteorological Centre can solve one of the toughest challenges in weather forecasting: predicting when a typhoon will rapidly intensify. Li Qinglan, a professor at the Shenzhen Institutes of Advanced Technology (SIAT) who is leading the project, said the system was installed around three weeks ago and had provided “real-time updates on the progression of Typhoon Jangmi”. Jangmi, which...

China’s ‘soy sauce’ intestinal detox scam swindles over 100 seniors out of US$1.5 million

A Chinese health centre scammed more than 100 elderly people out of a total of over 10 million yuan (US$1.5 million) by putting soy sauce in an intestinal cleaning liquid to dupe them into thinking they had toxins in their bodies. The Beijing police have arrested more than 30 people involved on suspicion of fraud. They cracked the case after the family of a woman in her 60s discovered she had spent 700,000 yuan (US$104,000) in the health centre. The victim, surnamed Li, bought numerous expensive

+++ USA +++: USA initiates investigation into German drug prices

First interest rate decision for Fed Chairman Warsh – Trump upset +++ Planned attack on Trump’s birthday – Five men indicted +++ The news blog.

‘Harder to quit than drugs’: illegal online gambling fuels Hongkongers’ growing addiction

In the first of a two-part series tracing the new trends of illegal betting in Hong Kong amid excitement over the World Cup 2026, Edith Lin looks at how social media has become a new channel pushing the youth to engage in unlawful bookmaking activities. Ken Chan* started betting on football matches when he was 18. He started betting through legalised channels, spending a third of his income for a few years. But he was soon enticed to bet on illegal platforms with their promises of tips and 100..

Site to track companies' market caps by month for previous years (looking for years 2000 to now)

Hello everyone I hope you're doing well. I would like to do some testing and I'm looking for a website that can give me the companies rank per market cap per month since 2000. The one I found so far only have 2026 ranking. Thanks for reading this and any ressource would be appreciated submitted by /u/Stock-Feature8975 [link] [comments]

At least 6 oil tankers sail through Hormuz following US-Iran deal

Japan ruling party weighs end to 'mechanical' primary balance targets

Japan core inflation holds steady in May, matching expectations despite energy price concerns

Headline inflation edged up to 1.5% from 1.4%, while the so called "core-core" inflation rate, eased to 1.8% from 1.9%.

Forget Critical Metals, Electricity is The Real Bottleneck for Artificial Intell

The U.S. dollar is cracking—and the market knows it. After years of monetary excess, swelling deficits, and policy uncertainty, the world’s reserve currency is losing its grip as a store of value. Capital is fleeing paper promises and piling into hard assets at a pace not seen in decades. Nowhere is this more visible than in precious metals: Gold has surged to above $4,100 per ounce, silver has ripped past $70, and palladium—once written off—has clawed its way back to $1,350. Add an unstable geo

Netanyahu rules out Israeli troop withdrawal from southern Lebanon

Israeli Prime Minister Benjamin Netanyahu on Thursday ruled out a withdrawal of Israeli troops from southern Lebanon for the foreseeable future. In a speech, Netanyahu described the “security zone” established by the Israeli military as a barrier between the Hezbollah militia in Lebanon and civilians and communities in northern Israel. Israel would not withdraw as long as its security needs required a military presence there, he said. The Lebanese government, however, considers the area...

War against Ukraine: EU extends Russia sanctions by twelve months for the first time

EU sanctions against Russia previously had to be extended unanimously every six months. This held the potential for blackmail for critical states. A change of government now brings a new situation.

War against Ukraine: Trouble at the EU summit over Costa's Russia initiative

It is said to have only been a short exchange with Russia to open diplomatic channels. But it causes a lot of excitement.

Japan, South Korea not for nuclear weapons: until one of them changes policy that is

A recent survey in Japan and South Korea has revealed that strategic elites in both countries remain sceptical about developing nuclear weapons. However, should one of the two countries take the lead in acquiring nuclear weapons, support for such a move in the other country could rise rapidly, according to the survey published on Thursday by Washington-based think tank the Centre for Strategic and International Studies (CSIS). The impact of such a move could potentially exceed that of a...

Europe Has Entered The Nuclear Golden Age Amid AI Boom

Nuclear power is experiencing a massive revival across Europe, with the regulatory environment shifting decisively in its favor thanks to surging electricity demand from the AI and data center boom, climate goals, volatile global energy markets and the urgent need for structural energy independence. It’s a big wishlist, and nuclear may be the fastest way to realize it. Massive power demand by the tech giants and hyperscalers is exceeding traditional grid capacities in Europe and the United State

SpaceX is now falling rather than rising, who would have expected that?

https://preview.redd.it/syg81h45f48h1.png?width=1449&format=png&auto=webp&s=038325ded02404725ba308b87201732b4b2addd9 To those who have invested. Still satisfied or more? submitted by /u/olluz [link] [comments]

Those that moved to any European country from Canada how did you manage dealing with the difference in currency?

Those that have investments in CAD and are either retiring or moved to any European country how did you manage dealing with the currency difference between the Euro and the Canadian dollar? What type of preparation did you have? Did you need to save more than expected or less? Many have said to not look at the currency difference as costs are lower in European countries (less Switzerland and other specific countries) versus Canada even after currency conversion. Should I be converting my entire

Cuba unveils historic package of free-market reforms

Cuba on Thursday unveiled nearly 200 historic free-market reforms aimed at rescuing the communist island from a severe crisis aggravated by a US oil blockade. In a landmark speech to the National Assembly, Prime Minister Manuel Marrero detailed 176 measures aimed at rolling back the state’s role in the economy and attracting investment in everything from banking to tourism and agriculture. These huge changes also come as the United States exerts strong pressure on Cuba aside from the oil...

Long term Accenture shareholder

I have around 900 shares of Accenture and am currently sitting on a significant unrealized loss. I’m unsure how to proceed from here and would appreciate some perspective. For context, I did not purchase these shares directly as an investment. Instead, I accumulated them gradually through my paycheck and employee stock programs over my decade long career with Accenture. What makes this situation confusing for me is that, from my experience as an employee, the company still appears to be fundamen

US trade official takes aim at Beijing, faults Washington on industry

A top US trade official took a veiled swipe at China on Thursday for a range of unfair trade practices, but also criticised the United States for being asleep at the wheel for far too long. “They subsidised, they dumped, they erected regulatory barriers, they supported state-owned enterprises, they used every tool available to build their industries and capture a greater share of the American market,” said William Kimmitt, the US under secretary of commerce for international trade, without...

Motor vehicle insurance: Car theft: No money from the insurer after false information

The insurance doesn't pay because the owner concealed an old accident. Why honesty is so important when reporting damage and how a court decided on the case.

Chinese scientists create record-smashing brain implant electrode array thinner than hair

A China-led team of researchers has developed a powerful brain implant electrode array that is as soft as brain tissue, thinner than a strand of hair and more durable than anything before it. In animal trials, a new flexible brain implant recorded neural activity with unprecedented long-term clarity and remained safely functional inside the body for 18 months. The breakthrough addressed a major hurdle that had long held back brain-computer interfaces. Invasive interfaces deliver the clearest and

First Oil Sands Project in 10 Years Starts Production

The first new oil sands project in Alberta since 2014 has started commercial production, aiming for a daily average of 80,000 barrels once it ramps up. The Blackrod project, led by International Petroleum Corp., moved to the first phase of production despite the peak oil demand narrative that has dominated the past decade, especially in Canada. Canadian oil sands have been in the focus of transition attention as especially energy-intensive, meaning emission-intensive, and as a high-cost way of e

Parents' house sold for 380k - how to divide it between two children

Briefly about the background. We are a family of four. My brother (28), aspiring teacher, and I (31), recently unemployed, and my parents (retired father, mother teacher). My parents recently sold our childhood home for 380k. To be honest, no one really has any idea about finances or investments, which is why I would like to get different views on what is best to do with the money. Please don't roast me too much for my ignorance

Waymo recalls about 3,900 robotaxis after some drove into 'freeway construction zones'

After some Waymo robotaxis drove into closed construction zones, the company implemented a recall to fix underlying software issues.

Micron’s stock is on the rise. Even Apple isn’t safe from ballooning memory-chip costs.

Demand for memory chips will continue to outpace supply in the near term despite efforts to add manufacturing capacity, an analyst says.

Under pressure from Washington: Cuba presents 176-point plan to open its economy

McDonald's in Cuba? Under US pressure, the island wants to open real estate, gas stations and banks to foreign capital. Fast food chains are also welcome. The goal is to preserve socialism.