Finance news

Car manufacturer: BMW cuts profit forecast and wants to cut costs

The Chinese car market continues to shrink, the war in the Middle East is driving up costs. BMW is struggling with the consequences. BMW shares fell significantly after trading.

+++ Football World Cup 2026 +++: Messi's sixth time - world champion sets World Cup record

That's why Luca Zidane is playing at the World Cup with head protection +++ Turnaround for Iran professional: Torabi can continue the World Cup after all +++ The World Cup news blog.

Oil Prices Crash as Traders Bet the War Is Over

The oil market just did something remarkable. After spending months pricing in tanker attacks, shut-in production, damaged LNG facilities, and the largest supply disruption in modern oil market history, traders are suddenly betting the crisis is ending. Brent crude futures fell below $79 per barrel on Tuesday, its lowest level since March, after the United States and Iran digitally signed a peace agreement that includes the reopening of the Strait of Hormuz and the immediate return of Iranian oi

Mach Industries wins DIU contract for maritime, long-range strike drone

The Navy is seeking an unmanned aerial system that can operate from ships without a large flight deck to conduct long-range strikes.

Car manufacturer: Volkswagen is reducing production in Osnabrück

Production is to be cut at the VW factory in Osnabrück. What this means for the employees.

Tokio Marine to team with Berkshire on M&A in Australia, Canada, CEO says

Japan's Marubeni buys Texas gas producer EagleRidge Energy II

Japan wants to send 30,000 young scientists abroad for AI, quantum research

India's Kaynes enters Japan's chip assembly market with local partners

Japan music label Avex's Bruno Mars deal is part of $100m overseas push

Japan ride-hailing app Go races toward robotaxis after successful IPO

Battery storage costs fall below gas-fired power plants for first time

The Bottleneck Holding Back Britain's Energy Industry

Alan Chang believes Britain’s energy crisis is largely self-inflicted. The founder of Fuse Energy, the $5bn (£3.72bn) energy supplier and infrastructure developer, argues that the UK already has the ingredients needed to drive investment in the sector. What it lacks, he says, is a planning system capable of turning that potential into projects. “There is more money chasing infrastructure projects than there are infrastructure projects”, Chang told City AM. “It’s basically a self-imposed bottlene

Leadership in generational change: Millennials take over the executive chairs - what they do differently

Millennials are re-posing an old question: What is leadership actually for? How they restructure work structures – and where they reach their limits.

Rivian laying off hundreds of workers amid R2 launch

Rivian said Tuesday it was laying off hundreds of workers, or less than 2% of its workforce.

Is AVLV a good satellite holding to hedge against heavy tech concentration in an S&P 500 portfolio?

For investors using a robo-advisor like Betterment that concentrates roughly two-thirds of a portfolio into the S&P 500 (with the rest in international, mid/small cap, and bonds), does adding a 5% to 8% tilt into a large-cap value fund like AVLV make sense? The goal would be a modern value tilt without going as traditional or "old school" as something like a Schwab value fund. Has anyone looked into using a factor ETF like AVLV specifically to reduce risk if mega-cap tech and the AI boom slow do

Snap unveils $2,195 AR glasses as CEO Evan Spiegel bets on post-smartphone future

Snap is launching its first AR glasses geared toward the broader public instead of developers.

Oil down 6%, the 30-year fell, and the real yield wouldn't move. Someone tell me what I'm missing.

Oil's down 6% on the Iran peace, the nominal 30-year fell almost a full percent today, and the real yield wouldn't come down with either of them. DFII30 (or TIP actually tradeable) sat at 2.73, right at the top of its range. Peace drains inflation expectations and that should pull the whole yield structure lower, but the inflation piece left and the real cost of money stayed put. Gold and silver rallied on top of it. Can someone clear the air, because here's what I see. Oil and yields are joined

Trump taps Defence Production Act to boost US weapons stockpiles drained by Iran war

US President Donald Trump invoked the Defence Production Act in an effort to bolster delivery of weapons whose stockpiles critics say have been strained by the war in Iran and other conflicts. The president cited “systemic constraints in the munitions industrial base” in his order for Defence Secretary Pete Hegseth to make “voluntary agreements and plans of action” to address the depleted US defence capacity, according to a memo dated June 11 and posted in the Federal Register. It was not...

Odds that a proposed billionaire tax appears on California ballots plunge on prediction markets

Odds that a proposed billionaire tax is on California's ballot dropped after reports noted that Gov. Gavin Newsom is pushing to stop the proposal.

Group restructuring: Thyssenkrupp's next divisional IPO is coming

Thyssenkrupp is pushing ahead with the restructuring: the supervisory board approves the spin-off of the materials trading business. This should go public quickly. With a clever compromise, the company also gets the employees on board.

+++ USA +++: Planned attack on Trump's birthday - Five men charged

Newsom: Trump government is investigating my family +++ B-52 bomber crashes in California shortly after takeoff +++ Trump celebrates birthday with UFC fights in front of the White House +++ The news blog.

UK defense chief says operations to be ‘dialed back’ without additional spending

Richard Knighton, chief of the UK defense staff, told a House of Lords committee today that he is “most concerned” about day-to-day operations budgeting.

Trump Deal Opens Resumes Iran Oil Sales Immediately

Iran won’t have to wait for inspectors, certifications, or a long diplomatic victory lap to start earning oil revenue again. Under the agreement expected to formally end the war between the United States and Iran, Tehran will be allowed to immediately resume oil and fuel sales, according to people familiar with the deal who spoke to the Wall Street Journal. The sanctions relief takes effect as soon as the agreement is signed and extends beyond crude exports to include the banking, shipping, and

Chicken tenders are taking over the world, and KFC is rushing to keep up

Goodbye bone-in wings, hello tenders and chicken sandwiches that can be easily eaten in the car.

Question for Group, Appreciate any feedback provided!

I am a recently retired 65year old. Below I've listed out my current IRA AA below and would like to ask for feedback. I realize I'm being overly conservative here, but as a retail investor facing this volatile market going into Retirement seems really daunting. For this IRA I just want to minimize any Capital losses as result of a market correction given this volatile market. For context, this IRA money ($2M) is all in our Fidelity IRA Account. I am not planning to touch this money for 5+ yrs. I

Change of ownership: Restaurant chain Pizza Hut is sold

During the corona pandemic, pizza was booming, then a slowdown set in. The company behind chains like KFC and Taco Bell is now selling off the well-known Pizza Hut brand.

Car manufacturer: China slump and Iran war – BMW drastically reduces profit forecast

The Chinese car market continues to shrink, the war in the Middle East is driving up costs. BMW is struggling with the consequences. BMW shares fell significantly after trading.

G7 summit: Merz: “Day of Hope” for Ukraine and the Gulf region

The USA sees an end to the war with Iran. Now the G7 summit is again about Ukraine. Trump seeks a conversation with the Ukrainian president.

General Motors announces new defense partnership with Lockheed Martin

General Motors announced a new defense partnership with Lockheed Martin as the country ramps up its production of weapons.