Finance news

◇ unclassifiedgermany · europe · usa

BörsenTag: What the first appearance of the new US Federal Reserve chief could show

Kevin Warsh's predecessors provided impetus in their first press conference - the new Fed chief could do the same today. What investors should pay attention to.

◇ unclassifiedgermany · europe · china

Summit: G7 countries seek cap on rare earths from China

If China reduces exports of certain raw materials, industrial companies in the EU will have to reduce their production. The G7 countries want to free themselves from this dependence.

30d06/17⚠ war-conflict · 2/5

Target, Walmart and Amazon among brands losing LGBTQ+ consumer spending, new survey says

LGBTQ+ consumers are shifting spending toward companies they view as supporting DEI and away from those seen as retreating, HRC survey finds.

30d06/17⚠ war-conflict · 2/5

Peace Deal On Paper, Drones In Air: IRGC Accused Of Targeting Commercial Ships in Hormuz

Iranian drones targeted commercial ships in the Strait of Hormuz just days after a US-Iran peace framework was agreed. The IRGC reportedly launched multiple drones, which were intercepted before they could threaten vessels or US assets in the region. The incident raises fresh concerns about the stability of the fragile peace process. submitted by /u/Aware_Apartment_8959 [link] [comments]

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Roth conversion vs rolling into solo 401k

Hi all, After I left my last job I moved my 401k to Fidelity and it became a rollover IRA. My income is now higher and I want to start doing a backdoor IRA but I can’t do this while I have the rollover IRA. It seems like my two options are either to do a Roth conversion which merges the rollover IRA into my Roth IRA. Or I can open up a solo 401k and roll the rollover IRA into that. Does it matter which option I choose? submitted by /u/GooseRage [link] [comments]

◇ unclassifiedmiddle-east · russia · usa

US Crude Oil, Gasoline Inventories Still Falling: EIA

Crude oil inventories in the United States decreased by 8.3 million barrels during the week ending June 12, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 418.2 million barrels, according to government data, which is now 6% below the five-year average for this time of year. The EIA’s data release follows API’s figures that were released a day earlier, which reported that crude oil inventories saw a d

3 of our stocks striking gold and 3 others hitting the skids over the past 3 weeks

It was a volatile period for stocks. The S&P 500 saw its worst session in eight months, just days after the index reached record highs.

Computer games fair: For the first time, a head of state is coming to Gamescom

Gamescom is not only attended by game fans, but also politicians. NRW Prime Minister Hendrik Wüst came by to ride a kite. Now a head of state is joining the gamblers.

◇ unclassifiedgermany · europe · usa

New smartphone features: Android 17 lands with floating windows

Recording selfie videos together with the screen, new data protection and security functions as well as a gaming mode for foldables: Android 17 brings this and more to smartphones and tablets.

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Real estate bond advertising at stops in Stuttgart. Where's the catch?

8% interest is advertised. Do I simply have the risk that the company will go bankrupt and not be able to service the bond or is there something else that is wrong? submitted by /u/alaggs [link] [comments]

Emissions trading: Industry calls for a radical change of course in EU climate policy

Europe's heavy industry sees its substance threatened. In a dramatic appeal, companies are demanding that the rise in CO₂ costs be stopped.

◇ unclassifiedmiddle-east · russia · usa

Poland Moves To Tax Fuel Windfalls Earned During Iran War

Poland’s government has approved a one-off windfall tax on fuel companies that benefited from soaring energy prices during the U.S.-Iran-Israel war, seeking to recover part of the billions spent protecting consumers from higher fuel costs. The proposed levy would impose a 60% tax on excess profits generated between March and December 2026, during the closure of the Strait of Hormuz. The Polish Finance Ministry estimates the measure will raise around 4 billion zloty (~$1.1 billion). Under the pro

CME Group's Terry Duffy to step down in 2027, CFO Lynne Fitzpatrick to become CEO

Duffy, 67, will transition to executive chairman effective March 1, 2027, the company said Wednesday.

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finanztip – 17 million people affected: company pensions should become mandatory

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

30d06/17⚠ war-conflict · 2/5

Flamingo Revolution: Stop Kushner Investment in Albania? “That would be crazy,” says the Prime Minister

Albanian Prime Minister Edi Rama explains in an interview why Trump's son-in-law's planned holiday island is a stroke of luck - and what Iran has to do with the protests.

◇ unclassifiedgermany · europe · iran

More united Fed board seen at Warsh's first meeting, according to Kalshi traders

Traders on prediction market platform Kalshi largely forecast a unanimous decision among FOMC members at Wednesday's meeting, after April's divided vote.

◇ unclassifiedgermany · europe · uk

DAX study: Top managers rarely last longer than five years: Fluctuation on boards of directors reaches record levels

Crises and change through AI are drastically shortening the terms of office on the DAX boardrooms. External managers are in demand like never before. One department is particularly under pressure.

◇ unclassifiedchina · asia · usa

Lebanon peace talks with Israel ‘independent’ of US-Iran deal: Aoun

Lebanese President Joseph Aoun said on Wednesday that his country’s negotiations with Israel in Washington were independent of the US-Iran deal to bring an end to the Middle East conflict. Lebanon and Israel have been holding direct talks in Washington since April, seeking to end the hostilities between Israel and Hezbollah and separate their conflict from the wider regional war. But the announcement on Monday of the US-Iran deal, which Iran and mediator Pakistan say includes Lebanon, has...

Is the stock market open on Juneteenth? Will the post office deliver mail?

The June 19 federal holiday falls on a Friday this year. Here’s how trading hours and other services are affected.

◇ unclassifiedgermany · europe · usa

Wall Street: US trading cautious before Fed meeting – SpaceX shares lose for the first time

Surprisingly strong retail sales cannot really entice investors to buy stocks. All eyes are on the first interest rate decision under Fed Chairman Warsh.

My mother was co-owner of my late grandmother’s bank account. Should she share the money with her siblings?

“The will stated that the estate was to be divided equally among her children.”

Car: BMW is the normal car company again

BMW will sell significantly fewer cars than forecast. In doing so, the new boss ends his own special position. This has probably now reached the last creditor. A comment.

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Stadtwerke + Sparkasse: Savings bond for local wind turbine - 10 years, 3.4% pa - makes sense?

Some new wind turbines are being built in our area. Jointly by the municipal utilities and BMR energy Solutions GmbH. As residents, we could purchase a savings bond between EUR 1-10k with 3.4% pa over 10 years. I haven't seen any details yet, only the information that it is a public participation process with national deposit insurance and therefore no risk. You can get further details from a consultation at the savings bank (bah...) Before I do that to myself, I wanted to

◇ unclassifiedusa · europe · uk

3D printing company Divergent to produce Tomahawk structure at new factory, CEO says

“We need all hands on deck, we need as many of these as we can possibly get, and Divergent is good complimentary supply for [Raytheon],” said CEO Lukas Czinger.

◇ unclassifiedchina · asia · usa

Can China-US breadbasket diplomacy sidestep tension over American’s arrest?

Officials from key US farm-belt states joined their Chinese provincial counterparts on Tuesday in a cooperation dialogue, the latest pivot towards closer engagement following President Donald Trump’s visit to Beijing and ahead of the critical US midterm elections. The major subnational dialogue – co-hosted by the Henan provincial government in central China and the Chinese People’s Association for Friendship with Foreign Countries – took place under a cloud, with the US State Department issuing.

◇ unclassifiedmiddle-east · russia · usa

Trump Signals Renewed Focus on Ukraine After Iran Deal Breakthrough

US President Donald Trump held a "very good meeting" with his Ukrainian counterpart, Volodymyr Zelenskyy, at the G7 summit in France, he told journalists on June 16, adding that "Russia should make a deal" while hinting that Europe's largest conflict since World War II might be moving up his priority list. US efforts to broker peace in the conflict that has raged since Russia's full-scale invasion of Ukraine in 2022 have largely stalled in recent months, particularly since US and Israeli air str

Renouncing your U.S. citizenship costs just $450. But there’s a world of hidden costs, too.

Before cutting legal ties to the country, consider the expenses.

Comment: BMW is threatened with a fate like VW and Mercedes

For a long time, BMW was considered the bright spot in the German car industry. Their openness to technology made Munich look good in comparison. That has now changed.