Finance news

+++ Iran War +++: US negotiators Witkoff and Kushner for talks in Doha – no meeting between Iran and the USA

Iran announces talks with Qatar about frozen funds +++ Israel's ambassador: Europe must help Lebanese government +++ Two members of the Revolutionary Guard killed +++ The news blog.

China reacts to Guo Wengui’s 30-year US prison sentence, highlighting fugitive status

China’s foreign ministry on Tuesday said it had noted the 30-year prison sentence given to self-exiled Chinese businessman Guo Wengui, who was convicted in a US court for orchestrating a fraud scheme that bilked his followers out of more than US$1 billion. “Guo Wengui is a fugitive wanted under an Interpol red notice issued at the request of the Chinese government, and we have noted the relevant reports,” ministry spokesman Guo Jiakun said on Tuesday. The billionaire businessman, also known as..

Iraq’s 14 million barrels of trapped oil travels through Strait of Hormuz

Iraqi oil stranded by the Middle East conflict has escaped the Persian Gulf over the past ten days as transit via the Strait of Hormuz eased during an uneasy US-Iran ceasefire. Vessels carrying about 14 million barrels of Iraqi oil exited the Gulf in the latter part of June and are now carrying crude to buyers in Asia, Europe and the US, according to tanker tracking data compiled by Bloomberg. That is the equivalent of about 1.4 million barrels a day over the 10-day period. All cargoes loaded...

UK lays out defence plan with drones, self-flying fighter jets, no-crew submarines

Self-flying fighter jets, uncrewed submarines and drones will be at the centre of Britain’s future military under a defence plan announced on Tuesday that reflects a world of conflicts transformed by technology. Prime Minister Keir Starmer said Britain would spend almost £300 billion (US$397 billion) over the next four years to modernise its armed forces amid rising threats. Starmer, expected to leave office next month after losing the support of Labour MPs, announced an increase in defence...

Has anyone been using moomoo for active trading and deep research?

Been swing trading and doing options on US equities for almost four years now. Main setup has always been IBKR, with third-party tools on the side for Level 2 order flow and earnings breakdowns. It works, but the costs and friction are starting to add up. Level 2 subscriptions aren’t huge on their own, but combined with options contract fees and several paid research tools, they become noticeable over time. My bigger frustration is mobile. A lot of the professional features I rely on are either

Morning Briefing Podcast: Auto industry: BMW is betting against the trend in the USA

The major car companies are canceling their electric plans for the US market - if only because President Donald Trump is fighting against the technology. But a company from Germany is against it.

Situation at a glance: USA-Iran meeting in Doha? - Strait of Hormuz dispute

Recent attacks between the US and Iran are fueling fears of a new start to the war. According to US information, both now want to talk again. Why it should be about the strait again.

Funding option: royalties giant opens Hong Kong base as mainland China biotech deals surge

The world’s largest buyer of biopharmaceutical royalties has set up its first Asia-Pacific base in Hong Kong, joining a string of multinational corporations in the pharmaceutical sector establishing offices in the city as out-licensing deals by mainland Chinese biotechnology firms hit record highs. Royalty financing gives drug developers an alternative way to raise capital even as US investment restrictions loom, according to an expert. “Chinese biotech firms would need royalty financing as an..

How Philippine ube farming can cash in on ‘purple gold rush’

Esmeraldo Maligsa, a farmer and president of the Bohol Ube Growers Association, harvests 2,000kg (4,400lbs) of ube, the purple tuber native to the Philippines, every seven months. He and the other farmers in his group manage a collective yield of between 5 tonnes and 8 tonnes, fetching prices of 90 to 100 pesos (US$1.50 to US$1.70) per kg. Such is the price the ubi kinampay, dubbed the “Queen of Philippine yams”, fetches. It is grown in Bohol province and nearby areas in central Philippines, and

Comment: The mudslinging between Trump and the Fed is entering the next round

The US President is not allowed to fire the monetary watchdog Lisa Cook immediately. At least not for now. With his attacks against the US Federal Reserve, he is pursuing a blatant goal.

Hong Kong IPOs ride China’s tech wave, but Nasdaq leads way with SpaceX tsunami

Hong Kong has surrendered its IPO fundraising crown to Nasdaq following SpaceX’s blockbuster listing earlier this month, but it did so while seeing its IPO proceeds register a year-on-year rise of about 84 per cent in the first half of 2026 – consolidating the region’s position as a primary offshore financial hub for Chinese issuers. A total of 83 companies raised US$26.42 billion on the Hong Kong stock exchange’s main board from January to June, according to LSEG Data & Analytics. The figure,..

'I've applied for 8,000 jobs': Tech grads at top US schools feel shut out by AI

Self-exiled Chinese billionaire Guo Wengui jailed for 30 years in US for fraud conviction

A self-exiled billionaire Chinese business tycoon once believed to be among China’s wealthiest men was sentenced on Monday to 30 years in a US prison for a massive financial fraud that a federal judge said cost over 1,000 people worldwide hundreds of millions of dollars. Guo Wengui, who fled China a decade ago and reinvented himself as a US-based Communist Party critic, was sentenced in a Manhattan courtroom packed with his supporters by Judge Analisa Torres. She said he “preyed on those seeking

How South Korea’s AI megaprojects aim to ‘maintain edge’ over China, meet demand

South Korea’s US$518 billion semiconductor push aims to tap the artificial intelligence boom into a durable industrial advantage and keep up with leading rival China, according to observers. The plan is intended to secure supplies of advanced memory chips needed for AI data centres and computing infrastructure, while easing pressure on the Seoul metropolitan area by creating a second major chipmaking base in the country’s southwest. President Lee Jae Myung on Monday unveiled the government’s...

US parents charged with murder in death of 7-year-old son who weighed 116kg

The parents of a seven-year-old Michigan boy who weighed 116 kilograms (255 pounds) when he died have been charged with murder, torture and child abuse, prosecutors said. “Clearly the parents were feeding the child improperly, to say the least,” Genesee County Prosecutor David Leyton said on Monday. “He wasn’t getting the nutrition he needed.” Casper O’Brien died in November after first responders were called to the family’s home in Flint because he had stopped breathing, prosecutors said. His..

Over 100 Venezuelans deported from the US hours before the earthquakes are missing

More than 100 people just deported from the United States were being held in a hotel when earthquakes struck Venezuela, setting off a scramble to find survivors and bodies buried in the rubble, according to survivors. A deportation flight from Miami arrived in Caracas hours before Wednesday’s earthquakes. On board were 146 Venezuelans, including 19 women and seven children, according to ICE Flight Monitor, an initiative of Human Rights First, which tracks deportation flights. Lisbeth Portillo,..

'I've applied to 8,000 jobs': Tech grads at top US schools feel shut out by AI

Wall Street: US stock markets close significantly higher - media stocks rise sharply

Investors are buying US stocks in the new trading week. All three important indices are clearly in the black. Investors are undecided when it comes to technology stocks.

Oil Rises as Peace Talks Resume

Crude climbed after the US and Iran signaled renewed diplomacy while investors monitored shipping through the Strait of Hormuz.

‘Torture memos’ professor joins DOJ probe into alleged conspiracy against Trump

A conservative law professor known for his expansive views of presidential power and for decades-old memos that justified harsh interrogation techniques after the September 11 terror attacks says he will be advising a team of prosecutors investigating whether former police and intelligence officials conspired against US President Donald Trump. John Yoo confirmed in an email to Associated Press on Monday that he would be helping Joe diGenova, the former Justice Department prosecutor who was...

USA relations: “Mr. Secretary” and “Johaaan Wadepool” – Germany’s last line to the White House?

In a phase of rare direct contact, Foreign Minister Wadephul met his counterpart Rubio. The possible Trump successor is one of the last stable contacts in the US government.

#003 | About HOT US inflation, BREXIT review and Rheinmetall! 🦆

Good evening on the floor! The Schnattersee 🦆 has produced new material! In this episode we talk about US inflation data, take a quick look back at Brexit, and talk about various issues at OpenAI, MicroStrategy and Rheinmetall. There is also a small insight into the quarterly figures for the current week. As always, we look forward to your feedback, your topic requests and thank you for listening :) submitted by /u/Alpha3K [link] [comments]

The AI Power Boom Is Reopening the Public Utility Debate

Following the June 2026 primary elections in NYC, in which democratic socialist Mayor Mamdani’s preferred slate enjoyed considerable electoral success, much has been written about the political implications. Our take is really simple. The last time the democratic socialists gained power, especially in major US cities, many of their policies were adopted by Progressives or New Dealers. In either case, that meant a far more intrusive regulatory environment for utilities. The Progressives laid the

Supreme Court ruling: Defeat for Trump: US President is not allowed to fire central banker Lisa Cook for the time being

It is a precedent: no US president has ever tried to fire a member of the Board of Governors. Now the Supreme Court has decided that Trump is not allowed to do that for the time being.

US Supreme Court rejects Trump’s unprecedented bid to fire Fed governor Lisa Cook

The US Supreme Court refused on Monday to let President Donald Trump ⁠fire Federal Reserve Governor Lisa Cook as it stood firm to preserve the central bank’s cherished independence against an unprecedented challenge. The court, in a 5-4 ruling, blocked Trump’s bid to become the first president to remove a Fed official since Congress created the central bank in 1913. In his second term as president, ⁠Trump has tested the limits of presidential power in numerous other ways as well. Conservative...

Auto industry: BMW starts the electric offensive in the combustion country

While VW and US manufacturers are cutting back on their electrical plans, BMW is doing the opposite in the USA. The DAX group is converting its US factory into an electric hub – also for the global market.

Hong Kong cocaine haul hits 361kg in days after police raid another yacht

Hong Kong police have seized a second cache of suspected cocaine worth about HK$90 million (US$11.4 million) from a pleasure boat in Aberdeen, days after uncovering HK$180 million of the drug in another yacht at the site. Officers from the narcotics bureau on Sunday raided the six‑metre (20-foot) yacht moored near boats targeted in last week’s operation and found about 120kg of cocaine bricks on board. Together with the previous seizure of 241kg of cocaine in a yacht in Aberdeen Typhoon Shelter.

Supreme Court: Trump loses in Fed personnel dispute

Last year, Trump announced that he would dismiss economist Lisa Cook from her position on the board of the US Federal Reserve with immediate effect. Critics saw the independence of the central bank at risk. Now the highest court decided.

Society: Survey – US national pride has declined significantly

The national pride of US citizens has diminished. Despite the less positive view of one's own country and its history, identity is still very important for most people.

Supreme Court rejects Trump’s push to throw out Carroll sex abuse verdict

The Supreme Court on Monday rejected a push by President Donald Trump to throw out a jury’s finding that he sexually abused the writer E. Jean Carroll at a New York City department store in the mid-1990s and later defamed her. The High Court declined to take up the case in a brief, unexplained order, as is typical. There were no noted dissents. Trump’s lawyers had argued that allegations leading to the US$5 million verdict were propped up by “highly inflammatory” evidentiary rulings, including..