Finance news

SoftBank, Rakuten bonds draw Japan retail investors chasing returns

Yen falls after Fed decision, erasing intervention gains since April

Air Force picks General Atomics, Anduril to build first CCA drone wingmen

Anduril, ShieldAI and Collins have been tapped to develop the autonomy system for the collaborative combat aircraft.

Analysis: Chairman Kevin Warsh’s task forces are the key to understanding the new Fed

The new leader of the Fed left interest rates alone but made clear how he plans to rewire the central bank.

Clean Energy Investment Hits $2.2 Trillion, Nearly Double Fossil Fuels

Despite historic political headwinds against the global decarbonization effort, clean energy spending continues to see a meteoric rise around the world. The International Energy Agency’s World Energy Investment 2026, published in May of this year, projects that of the $3.4 trillion dollars that the world will spend on energy investments this year, $2.2 trillion will go to clean energy, and just $1.2 trillion will go to fossil fuels. This marks a historic shift in energy spending and in energy se

Huawei CFO Meng’s admissions can be used against company at criminal trial, US judge rules

A top Huawei Technologies executive’s admission that the Chinese telecoms company illegally conducted business in Iran can be used in the coming US trial against Huawei, according to a judge’s ruling filed in Brooklyn federal court on Tuesday. Chief Financial ‌Officer Meng Wanzhou made the admission as part of a 2021 deal to dismiss the criminal charges she faced in the case. In a four-page statement of facts, Meng acknowledged lying to a financial institution about Huawei’s compliance with...

The market didn't like what it heard from the Fed and its new leader Kevin Warsh

The S&P 500 closed down 1.2%, as bond yields rose.

Traditional 401k vs Roth 401k… I’m confused

I currently make a little over $100k per year and max out my 401k, HSA, and Roth IRA. I’m 44 years old currently and have about $400k in my retirement accounts and $300k in my IRA. I feel like I have a grasp on everything except for traditional 401k vs ROTH 401k, and my employer offers both. I’ve always contributed to the traditional 401k and assumed that is the right move. Is it the right move for me? I plan to work my current day job maybe another 10 - 15 years, soft retire into a “easier” job

Here are the five big takeaways from Kevin Warsh's first meeting as Fed chairman

The Federal Reserve and Chairman Kevin Warsh on Wednesday followed the script on interest rates closely.

US Fed begins Warsh era with hold on interest rates, may hike later this year

The US Federal ⁠Reserve held interest rates steady on Wednesday, but policymakers expect a hike in borrowing costs later this year amid growing concerns about inflation lodged above the US central bank’s 2 per cent target. New quarterly projections showed nine Fed officials now anticipate a hike in rates by the end of 2026, and an updated policy statement removed language that had been used to flag the likelihood of further reductions in borrowing costs this year. Indeed, the statement, in an...

Jeffrey Gundlach says Fed's Warsh is not going to be the 'easy money' chairman many hoped for

Gundlach said Warsh's stance reduces the risk of overly accommodative monetary policy that could reignite inflation and push longer-term borrowing costs higher.

US Federal Reserve: Kevin Warsh delivers the first surprises

The new Fed chief starts out as a hawk: The US central bank is prioritizing the fight against inflation over cutting interest rates. At the same time, Kevin Warsh announces fundamental reforms.

2-year Treasury yield rockets higher as many Fed officials signal possible hike this year

U.S. Treasury yields rose on Wednesday after the Fed held interest rates steady during Kevin Warsh's first policy meeting as chairman.

Read the 14-point memorandum of understanding between the United States and Iran

The 14-point memorandum of understanding between the United States and Iran leaves contentious issues between the countries unresolved.

Crude Stabilizes After Sharp Selloff

Oil edged higher, but prices remain under pressure as a US-Iran peace deal could restore major supplies to the market.

Whatever Happened to the Promise of Cheaper Electricity?

As readers of Adam Smith know, the market functions to provide consumers with goods and services at the lowest price (within limits set by law). Yet, several years ago, we submitted a piece claiming that restructuring the electricity industry had not produced noticeable consumer benefits, and the irate peer reviewer (we suspect a big shot restructuring maven ) retorted that you can’t prove a negative but added, “Who said that restructuring was supposed to benefit consumers?” On the first point,

+++ Ukraine War +++: Trump is considering reintroducing sanctions against Russia

G7 want to increase pressure on Russia with new sanctions +++ Relaxation of US oil sanctions against Russia expired +++ Dead in Russian attacks in Ukraine +++ The news blog.

US economy: US Federal Reserve leaves key interest rate unchanged – Warsh surprised

For the fourth time this year, the US key interest rate remains unchanged. The real surprise comes from the new Fed chairman Warsh.

Wall Street: US stock markets fall into the red after the Fed's interest rate decision

Good retail sales failed to support the markets. The first interest rate decision under Fed Chairman Warsh and his outlook caused disappointment - SpaceX was in the red for the first time.

Monetary policy: US Federal Reserve Bank initiates a change of course – investors react with uncertainty

Under new leadership, the Fed is pivoting and hinting at a rate hike. Stocks, bonds and exchange rates react significantly. This is also due to Kevin Warsh's unusual approach.

The Knicks’ ticker-tape parade is conquering a modern-day reality: Offices barely use any paper

Over 2,500 pounds of paper will rain on the Knicks as New York City overcomes windows that don’t open and the death of actual ticker tape.

Chairman Warsh abstains from giving rate forecast as several members signal a hike in 2026

The median projection called for the federal funds rate to end 2026 at 3.8%, a quarter percentage point above the current target range.

Chairman Warsh drastically alters Fed rate statement. Here's what's changed

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in April.

$DRAM Hits new ATH of $74, creating millionaires in the process - For those who haven't invested, why?

$DRAM HITS NEW ATH OF $74, REVIVING OPTIMISM FOR MEMORY STOCKS What does everyone think of $DRAM, and the explosive growth it's had? Memory was discounted a couple days ago as a failed trend and now $DRAM is back to ATH's at $74, fueling the demand for growth. Where does everyone see $DRAM going? $70 Done $72 Done $73 Done $74 Done Next --> 80$? Soon? What are everyone thoughts on this? submitted by /u/testableicons1337 [link] [comments]

If the S&P 500 is such a reliable long-term investment, why don't banks offer 20-year investment loans?

I've been thinking about this and I'm wondering what I'm missing. Let's say someone applies for a $100,000 loan. Instead of giving them cash, the bank invests the money directly into an S&P 500 index fund and locks it up for 20 years so the borrower can't withdraw it or misuse it. At the end of the 20 years, the bank gets its original $100,000 back plus some agreed-upon share of the profits. Historically, the S&P 500 has returned around 10% annually over long periods. So $100,000 could potential

Warsh launches his push to change how the Fed operates

Federal Reserve Chairman Kevin Warsh made waves on Wednesday while hosting his first press conference as head of the U.S. central bank.

Here’s our monthly update on all 35 portfolio stocks, including Cramer's favorite name to buy

Jim Cramer and Jeff Marks covered their latest thinking on all of the Investing Club's stocks during the June Monthly Meeting.

How the Oil Sands Became the Lowest-Cost North American Producer

After the oil price crash of 2014-15, global energy majors like BP (NYSE:BP), Chevron (NYSE:CVX), and TotalEnergies (NYSE:TTE) sold their interests in the Canadian oil sands, at the time classifying their Canadian operations as among the most expensive and least profitable. Thus, the majors redirected capital to cheaper oil production, favoring US shale for its quicker drilling time and returns. They may end up regretting that decision. According to a recent report, via the Canadian Energy Centr

Salesforce is down a third this year on AI disruption fears. They just spent $3.6B buying the company that proves the fear is real.

I've been tracking the enterprise AI governance race since the ServiceNow debt raise back in May. The thesis has been that ServiceNow, Salesforce and Microsoft are all racing to claim the control layer for enterprise AI. Partly it's a defensive move against becoming commoditized pipelines for the hyperscalers. This week adds a sharper data point. Salesforce just signed a definitive agreement to acquire Fin, the AI customer service company formerly known as Intercom, for $3.6B. Fin's AI Agent res

Luigi Mangione plans psychiatric defence at CEO murder trial

⁠Luigi Mangione, the man accused of ⁠gunning down a health insurance executive in Manhattan, plans to argue at his murder trial that he was undergoing an extreme mental health crisis at the time of the alleged killing, a judge revealed at a hearing on Wednesday. The strategy poses ‌steep legal hurdles but could lead to a jury convicting Mangione of the lesser crime of manslaughter, which carries significantly lighter sentences. Mangione, who appeared in court in a dark suit and white shirt, is..