Finance news

Beige Book: Fed economic report: High energy prices are the main driver of inflation

The increased energy costs are fueling inflation to 3.8 percent. Before the first interest rate meeting under the new Fed chief Warsh, there are increasing voices for a longer interest rate break.

States Take Trump to Court Over Offshore Wind Cancelations

The Trump administration’s war on wind is heading back to court. New York’s attorney general sued the administration Tuesday over one of its deals to end an offshore wind project. Under the deal announced in March, French company TotalEnergies is receiving nearly $1 billion to walk away from two US offshore wind leases off the coasts of New York and North Carolina. Associated Press reports: State attorneys general from Maine, Massachusetts, New Jersey, Rhode Island and Vermont joined New York in

Portugal and Austria defeat Germany for seats on UN Security Council

Portugal and Austria defeated Germany for seats on the powerful but deeply divided UN Security Council on Wednesday in a hotly contested race after intense campaigning. The 10 rotating seats on the 15-member Security Council are earmarked for different regions of the world. The assembly elects five countries by secret ballot every year to serve two-year terms alongside the council’s five permanent veto-wielding members – the US, Russia, China, Britain and France. In the other contested race,...

Marine Corps’ Harrier completes final flight following SOUTHCOM deployment

The Marine Corps is moving through its Tactical Aircraft Transition Plan as it plans to fully adopt fifth-generation aircraft across the entire fleet.

Historic stock rally faces key test

Two key tech companies reporting earnings after the bell could determine the next move higher or lower.

United Nations: Germany fails resoundingly in UN Security Council election

In the end, the election to the Security Council wasn't even a shambles: Austria and Portugal won by a wide margin. The opposition sees a defeat for “Foreign Chancellor” Merz.

Chinese solar giant Jinko to supply power to desert AI data center

New service to help Japan tourists find luggage storage with Google Maps

Japan's Sumitomo joins US project to bury carbon in form of rice hulls

Nippon Life to invest $9.4bn in Blackstone private credit deal

Japan electronics sellers Yamada, Edion plan merger to create industry giant

Why Japan, Philippines are risking China's ire over sea boundary talks

Joint venture to recover Japan's copper scrap to cut foreign dependence

South Korea's ruling party set for big win in local elections

Japan's Saizeriya opens first restaurant in Malaysia with local touch

Khanna and China committee press Blanche for report on Chinese manufacturing in U.S.

The Justice Department report on illegal Chinese labor in the U.S. auto industry was due in May.

Ukraine drone strikes causing ‘panic’ for Kremlin, EU’s Kallas says

Ukrainian drone strikes deep inside Russia are causing “panic” for the Kremlin, EU top diplomat Kaja Kallas said on Wednesday, saying Moscow was lashing out at Kyiv with increased attacks. Ukrainian drones hit energy and military sites in St Petersburg on Wednesday as officials gathered for Russian President Vladimir Putin’s flagship economic conference in the city. “It clearly shows also panic on the Russian side – why they are increasing the terrorist attacks that they’re doing in Ukraine is..

Social Security benefit cuts could average $500 a month for retirees if trust fund runs dry, report finds

Social Security faces a looming depletion date for its retirement trust fund. A new report looks at how much benefit cuts Americans may see to their benefits.

Kazakhstan Turns to U.S. Water Experts as Scarcity Threat Looms

Kazakhstan is turning to a US government agency for help on water conservation. Experts from the Kazakh water-management agency Kazvodhoz held talks recently with representatives of the US Bureau of Reclamation on ways to reduce water use in the agricultural sector, the Kazakh news outlet InBusiness.kz reported. The US Embassy in Astana facilitated the discussions. "The parties paid particular attention to the implementation of digital water metering and telemetry systems within irrigation netwo

Trump says ‘there would be no Israel’ if not for him after clash with Netanyahu

submitted by /u/ConversationLow9545 [link] [comments]

Lula thanks China for beef win and tells US after tariffs: ‘I will sell to someone else’

Brazilian President Luiz Inacio Lula da Silva thanked China for clearing the country’s beef of foot-and-mouth disease and fired a barb at US President Donald Trump, saying “I will sell to someone else”, after Washington announced new tariffs on Brazilian goods. Lula made the remarks on Tuesday, hours after Beijing announced wider access for Brazilian beef to the world’s biggest market for the product. “As God writes straight with crooked lines, nothing comes free for a Christian man like me....

Share buyback: Siemens Energy wants to buy back its own shares for another billion euros

Siemens Energy is increasing its share buyback program and wants to buy its own shares for up to one billion euros by the end of September.

Here’s advice on how to pick a doctor — from a doctor

A cardiologist outlines the best approach to finding a doctor — and the questions to ask yourself when you do.

How do I protect myself from SpaceX and other mega-IPOs coming?

I have a significant portion of my net worth in a S&P500 fund. The changing of the rules such as seasoning, float requirements and specifically profitability have me somewhat concerned. Part of the reason for investing a good chunk of my net worth in these funds was because of some of these rules for inclusion. With that in mind, how are you going to protect yourself? submitted by /u/Foreign_Artichoke_23 [link] [comments]

Thoughts on CQQQ (China Technology ETF)?

I was thinking about doing some geographical diversification by moving some of my US Tech holdings to other countries. Was looking at CQQQ, but the returns look really lackluster this year (down a bit YTD). Is this primarily due to the Iran war? I think there's a lot of upside potential for tech companies in China (looking at Espressif, for example, if it were easy to buy that stock in the US, I'd do that, but it looks like a hassle). Thoughts? Suggestions? submitted by /u/cafedude [link] [comme

United Nations: Germany won't get a seat on the UN Security Council

In addition to Germany, Austria and Portugal also applied for a non-permanent seat for the years 2027 and 2028. The choice was open until the end.

Wim Wenders pulls 1975 film over nude scene with then-13-year-old Nastassja Kinski

German filmmaker Wim Wenders on Wednesday said he has pulled his 1975 movie The Wrong Move over a nude scene featuring a then-13-year-old Nastassja Kinski. Kinski, now 65, has urged Wenders to re-edit the film. Last month, she told the German newspaper Sueddeutsche Zeitung: “That was my first film, he was my first director and he didn’t protect me.” Wenders, the acclaimed director behind Paris, Texas and Wings of Desire, issued a statement apologising to Kinski. “I recognise that Nastassja...

A classic strategy that could yield big dividends

Packaging Corp of America (PKG) is an old-school, brick-and-mortar industrial business.

Medtronic’s turnaround is getting harder to ignore.

$MDT Q4 FY2026: Revenue: $9.81B vs. $9.66B expected Non-GAAP EPS: $1.55 vs. $1.54 expected Revenue growth: +9.9% Organic growth: +6.6% Free cash flow: $5.4B Cash + investments: $9.2B The standout number: Cardiac Ablation Solutions revenue jumped 78% globally, including 124% growth in the U.S. That helped drive 10.1% organic growth in Cardiovascular, Medtronic’s largest segment. Diabetes also grew 15% as reported, while Medical Surgical and Neuroscience both posted organic growth. For the full ye

AT&T’s stock is seeing its worst day in 8 months as the SpaceX threat comes into focus

Investors aren’t thinking enough about the risk posed by SpaceX’s satellite ambitions, an Oppenheimer analyst warned.