Finance news

FBI kill man holding hostages in California after 12-hour standoff following bomb threat

A man holding hostages inside a building in California that houses a bank branch and school district office has been shot and killed by the FBI, police said on Wednesday. The suspect was killed in “an officer-involved shooting involving Federal Bureau of Investigation personnel”, the Bakersfield Police Department said in a statement. The stand-off ended about 12 hours after police were called to the building, police said. All the hostages are free and none was harmed, police said. The stand-off.

Ukraine war: “A window is slowly opening”: How Europeans want to force Putin to negotiate

The federal government increasingly sees an opportunity for talks - and wants to get the Europeans to agree on a common line. However, an idea based on the US model seems to have been rejected.

ID. Polo and Cupra Raval: Cheaper electric cars: VW starts production in Spain

Spain is becoming a hotspot for cheap electric cars: VW wants to shake up the market with solar power, subsidies and low wages. What this means for German drivers.

Interesting How AI Investing Is Slowly Turning Into An Infrastructure Trade

The more I look at these mega private-company valuations, the less this feels like a traditional tech cycle. It increasingly looks like an infrastructure race. SpaceX is satellites, launch systems and communications infrastructure. OpenAI is compute infrastructure and enterprise AI layers. Anthropic is enterprise workflow automation and AI agents. Databricks is data infrastructure. Stripe is internet payments infrastructure. Even the funding structures are changing. Reuters noted the SpaceX IPO

Kenya health minister says US Ebola quarantine centre will proceed despite deadly protests

Kenya’s health minister said on Wednesday that the US-funded quarantine centre would proceed, days after deadly protests erupted over the project. The US-built facility at Kenya’s Laikipia Air Base was due to open last week, according to US officials, to quarantine Americans arriving from the Democratic Republic of the Congo, which is battling a major Ebola outbreak. But it has been temporarily blocked by a court order, and triggered protests on Monday that killed two people, according to a...

Because of the GKV law: Boehringer Ingelheim and Eli Lilly stop investing millions in Germany

The Palatinate family business does not want to spend almost a billion euros in Germany as planned. The reason is the government's planned health insurance reform. US rival Eli Lilly is even halving its billion-dollar investment in Germany.

Refinance KFW repayment?

Hello, as a last resort I unfortunately had to apply for a KFW student loan and have a very large amount to pay back. Interest rates were wonderful before the pandemic, but now they are outrageous. I have to reduce my monthly payment to the minimum (€190), most of which is interest. Do you have experience with debt restructuring? Are there banks that give a loan with a sum of around 25k for debt restructuring, then with a better interest rate? I also pay off student loans and

Today: This is how the EU wants to become more independent from the USA

Brussels is planning the next step towards tech sovereignty. Also: Why Anthropic's IPO could set the pace for OpenAI and the entire AI market.

Gulf tensions escalate as Iran hits Kuwait, US strikes near Hormuz

CENTCOM said it had carried out a new round of defensive strikes in southern Iran, while an Iranian drone attack on the Kuwait airport killed one person.

Army, J-7 to test new sensor with high-altitude balloon in coming days

The Wallabee prototype is set to provide the Army and the J-7 with more intelligence-gathering capabilities in the stratosphere.

BOJ will 'discuss' rate hike despite uncertainties, says Gov. Ueda

Indonesia's nutrition agency chief arrested in corruption probe

World Cup: How Panini wants to assert itself in the sticker battle with Topps

The Americans have overtaken Panini in the race for licenses for collectible pictures. But the traditional company is not yet giving up.

SpaceX targets fixed $135 IPO roadshow price at $1.75 trillion valuation, source says

The valuation would make Elon Musk's company the seventh- biggest in the U.S. and above Tesla, which has a market cap of about $1.6 trillion.

Health costs: Fee increase for pharmacies comes in two stages

The pharmacy industry has been pushing for higher compensation for a long time. Even if overall health spending is to be reduced, this is now being implemented - but not in one fell swoop.

The Iran war hasn’t slowed the economy, but higher inflation leads companies to freeze hiring

The largest part of the economy grew faster in May, even as businesses were coping with the worst inflation in several years — at a cost to job seekers. Many companies have adopted temporary hiring freezes to offset their own rising costs.

BGH on the obligation to return: Headwind for Uber & Co.

Uber drivers are not allowed to wait for new passengers. The BGH has confirmed the controversial return obligation for rental cars. While the taxi drivers rejoice, the ride-hailing industry is outraged.

Pharma: Eli Lilly halves planned billion-dollar investment in Germany

The US pharmaceutical company is drawing consequences from the German health savings plans. The location is scheduled to open in 2027 – but only with half capacity and staff, says boss Dave Ricks.

GOP Sen. Tillis slams Trump intelligence pick Pulte: 'Don't think he has a prayer'

Pulte is widely viewed as a Trump loyalist who has targeted the president's political foes during his tenure leading the housing regulatory agency.

Leveraged ETF assets double in two months as investors press AI bet

Investors turn to ETFs linked to AI and Tech, with exposures in the U.S. and Korea/Taiwan doubling in just two months

Iberdrola Starts Up Spain's Biggest Battery Energy Storage Project

'With 58 MW of power and 120 MWh of storage capacity, the project marks another step forward in the company's commitment to energy storage as a key pillar of electrification and renewable integration'.

Sale of civilian businesses: Rheinmetall becomes a pure arms manufacturer - at least almost

Rheinmetall is known as a manufacturer of tanks, artillery, anti-aircraft guns and ammunition. But the company also operates as an automotive supplier. Still.

Wall Street: US stock markets defy new risks – AI stocks continue to rise

The hope of large AI IPOs continues to act as an antidote to all geopolitical price risks. Even new tariff plans from the USA have little impact on the trend.

GasBuddy Warns USA Gas Price Relief May be Short Lived

GasBuddy highlighted that gasoline prices in the U.S. are 'plunging' but warned that the 'relief may be short lived'.

Easybank credit card - 2 euro fee now also for old customers?

I've had a Barclays or now Easybank credit card for about 7 years now and now they dare to collect the corresponding repayment fee without me ever agreeing to anything. I just noticed today for this and last month. Has anyone else had experience with this? submitted by /u/Hustleb3rryFinn [link] [comments]

Sellers are pulling homes off the market at the fastest pace since 2020

Frustrated sellers are pulling their homes off the market at an increasingly high pace, as demand weakens and bidding wars wane.

Bill Ackman sees investors repeating a mistake of 2000: Flocking to the ‘new new’ and ignoring quality names

Billionaire hedge-fund manager Bill Ackman says investors are ignoring Microsoft and other Big Tech names for the sake of the “new new thing,” like chip stocks.

Sweden outlines child care policy amid registration row over infant in Hong Kong

Swedish authorities who have taken over the care of the daughter of a Hong Kong couple with a troubled parenting history have said that whether a child faces risks at home is one of the key factors when deciding if intervention is needed. But the social services department of Sweden’s Linkoping municipality declined to comment on the legal status of the couple’s daughter Lily on Wednesday, saying doing so would harm those involved. The preschooler’s case came to light through her parents’ social

Nine moments, places and objects to explain today’s geopolitical upheaval

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

US Crude Oil Inventories in Freefall: EIA

Crude oil inventories in the United States decreased by 8.0 million barrels during the week ending May 29, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 433.7 million barrels, according to government data, which is now 3% 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 dr