Finance news

American flag blue? Algae turns Trump’s reflecting pool swamp green instead

One of President Donald Trump’s pet beauty projects for Washington was supposed to make the Lincoln Memorial Reflecting Pool look blue, like part of the US flag. Enter Mother Nature. Algae has proliferated in the water, turning it a swampy green. “Can you see it in my photos? Oh well, I’ll just use a filter to hide the algae,” said Farrah Lu, a 43-year-old tourist from China. The invasion comes just days after the completion of the pool repainting project, part of Trump’s drive to put his stamp.

Top meeting in Évian: G7 states announce new sanctions against Russia

More weapons, stricter sanctions: The G7 is putting additional pressure on Russia. Chancellor Merz sees a “day of hope” for Ukraine.

China Reclaims Solar Crown With Record-Breaking Perovskite Panel

Last year, South Korea’s Qcells set the world record for large-area silicon solar cell efficiency, a development that promised to dramatically shrink the size of solar projects and slash costs. Qcells, a subsidiary of South Korea’s giant conglomerate Hanwha Corp, set the world record after achieving 28.6% efficiency by combining a top light-absorbing layer of perovskite with a bottom silicon layer to capture a broader spectrum of sunlight. For some context, high-end commercial solar panels typic

SpaceX vaults past Amazon’s market value, briefly topping Microsoft

SpaceX roared past Amazon’s market valuation on Tuesday ⁠and briefly topped that of Microsoft, rapidly scaling the list of the world’s most valuable companies on a topsy-turvy trading day fuelled by frenzied action in the firm’s newly listed option contracts. SpaceX shares rose 4.8 per cent to close at US$201.80, giving Elon Musk’s company a market value of roughly US$2.655 trillion – some US$800 billion more than its value when it sold its record initial public offering last week and about...

Cramer's lightning round: Buy Cava

"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

Intel takes a major step toward turning around a business that’s bleeding cash

Intel’s new manufacturing process has entered a stage that signals the company is confident in its ability to bring on external customers, analysts say.

Digital sovereignty: Germany and France define digital sovereignty criteria

Cloud, AI, data infrastructure: Germany and France are defining stricter criteria for digital sovereignty. And we want to set the direction for the European Union.

The Trump-Iran Deal Allows Tehran to Immediately Sell Oil

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Jim Cramer says SpaceX investors aren't buying earnings — they're buying Elon Musk

CNBC's Jim Cramer said SpaceX investors are betting on Elon Musk's vision and track record, rather than the company's current earnings power.

Anthropic's Fable shutdown is a big moment for open-source AI

Anthropic’s Fable shutdown could boost open-source AI, but many of the models gaining traction are Chinese.

Latin America and Europe are bystanders in the US-China AI race, says Lula’s top adviser

The race for artificial intelligence has hardened into a two-power contest between the United States and China, fought over rare earths, data and the rules governing the technology, with Latin America and Europe sidelined, Brazil’s top foreign policy adviser said on Tuesday. Celso Amorim, a former foreign and defence minister, made the case at the Forte de Copacabana International Security Conference in Rio de Janeiro, an annual forum run by the Brazilian Centre for International Relations with.

Databricks sales growth tops 80%, but margin are shrinking from swarm of AI agents

Databricks is seeing higher growth as AI agents assist with data analysis, but all that activity is significantly increasing costs.

Applying with an AI assistant: 5 mistakes in AI applications – and how to avoid them

AI can do more than type applications – but only if you brief it correctly. The 5 most common mistakes and how you can significantly increase your chances with individual chats and dialogue.

Book at the last minute: Last minute summer vacation: What vacationers need to know

If you're flexible, you can still hope for holiday bargains - but prices don't fall everywhere. What tips travel experts give for spontaneous bookings.

Voluntary deposits: Buy pension points - why tax advantages aren't everything

Voluntary special payments can be used to offset reductions in an early retirement pension. This also has tax advantages. Why that shouldn't be the only criterion.

City trip in Istria: Built on salt: Piran on the Slovenian Riviera

Venetian flair, good cuisine: the city is extremely interesting in terms of culture and cuisine. And: It is considered the most beautiful on the Slovenian Adriatic - which is also thanks to the nearby salt pans.

Before the federal-state meeting: Interior Minister: Lower hurdles for the deportation of criminals

The head of the Conference of Interior Ministers demands that criminal refugees should be deported more easily, regardless of their country of origin. Where he wants to start.

Europe is gearing up for a trade fight with China. But will it change anything?

As trade tensions between Beijing and Brussels continue to rise, China’s firms in the European Union have been forced to walk a delicate tightrope: expanding their presence in the lucrative market while grappling with heightened regulatory hurdles and rapid geopolitical shifts. In the second part of this three-part series, we look at whether China and the EU are heading for a full-blown trade conflict. Last week, Beijing gathered more than a dozen Chinese companies in Berlin for a forum with a..

Taiwan’s Energy Crisis Shows the Cost of Import Dependence

The issue of energy dependence and its consequences has, in recent months, become a major topic of discussion. The Hormuz crisis has brought energy security to the political agenda with a vengeance amid fuel price caps, rationing, and warnings of severe shortages. A lot of countries have been used as examples of either low dependence and therefore insulation against shocks, or high dependence that has resulted in a lot of economic pain. In the latter category, Taiwan stands out as a particularly

Wall Street can’t stop talking about ‘MANGOS’ stocks as the ‘Magnificent Seven’ becomes passé

Wall Street has a new way to sell the artificial-intelligence trade: take the companies investors most want to own, including some they still cannot buy, and turn them into an acronym.

Need Help Finding Deceased Grandfather’s Shareholder Information? Northrop Grumman

Shot in the dark here.. My grandfather worked for and retired from Grumman, now Northrop Grumman. He passed away back in 1998. My family and I know that he had shares in the company from his time there. Shortly after he passed I even saw the documents supporting this. Unfortunately over the years, these documents have been misplaced. I have turned the family home upside down looking for them. What are my options, if any, to look into his shareholder status and any shares he owned? I’ve searched

Pentagon aims to sidestep potential ‘collusion’ through Defense Production Act: Senior official

“Our interest is using voluntary agreements …. For us to articulate problems to them around nasty issues in the supply chain and the industrial base that allow them to communicate and work together, essentially collude,” said Michael Cadenazzi, the assistant secretary of Defense for Industrial Base Policy.

Don’t count the Russia-India-China triangle out just yet

The Russia-India-China (RIC) dialogue is back in the diplomatic conversation. It has not formally restarted, and no summit is on the horizon. But the signals are here. In 2025, Moscow again pushed for reviving the RIC format. India said any meeting would have to be arranged in a “mutually convenient manner”, a cautious but open formula. China said it was willing to maintain communication with Russia and India on trilateral cooperation. This month, Russian President Vladimir Putin again spoke...

The one-page pledge that forces your financial adviser to put you first

Most investors ignore this abstract legal rule — and it’s fueling a massive wave of fraud.

ASICS boosts elite tennis gear with European R&D hub

Why Kioxia is going easy on capex despite AI memory boom

Foreign activists take aim at bigger targets in corporate Japan

US Crude Oil Inventories Down Again, Losing 52 Million Barrels in 9 Weeks

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 8.33 million barrels in the week ending June 12. Analysts had expected a 4.5 million draw. In the week prior, US crude oil inventories fell by a rather large 9.119 million barrels. Although inventories have been falling rapidly for the last 2+ months, shedding 52 million barrels over the last nine weeks, US crude inventories are only down 1.4 million barrels so far this year, according to API

Intel begins production of most-advanced chip, inching closer to possible Apple deal

Intel is entering production of 18A-P, its most-advanced chip node that could be the target of a coming deal with Apple

Egypt Clears $6 Billion in Energy Debt and Opens Door to a New Gas Boom

The announcement from Egypt’s petroleum and mineral resources minister Karim Badawi that the country has paid all its outstanding debts to foreign oil firms is as welcome to international oil companies and their governments as it is to the country itself. Egypt has become one of the West’s prime targets in the hunt for replacement gas supplies after the loss of Russian flows following the 24 February 2022 invasion of Ukraine. Officially, it holds around 93 trillion cubic feet (Tcf) of proven nat