Finance news

Meta’s stock roars back to life as it heads for its best week in years

Investors are bullish on Meta’s new low-cost AI pricing and infrastructure plans.

Trump admin eases export controls for UAE; Warren blasts 'corrupt' provision

The Commerce Department will favorably review exports involving MGX, which used a stablecoin linked to President Trump's family for a $2B Binance investment.

House of Representatives election in Berlin: Berlin's CDU gets a new top candidate

After Kai Wegner's withdrawal, the Berlin CDU needs a new top candidate for the House of Representatives election. The district chairmen of the capital have agreed on a name.

Volkswagen: Middle East conflict reaches VW – Qatar opposes deal with Israel

An arms cooperation with the Israeli company Rafael was supposed to save the VW factory in Osnabrück. But a major shareholder is against the plan. It's about hundreds of jobs.

Where to put cash right now: Should you lock in at 4% — or wait for the next Fed rate decision?

CD rates are at a standstill, but that could change after the next Fed meeting, or the one after that.

Federal Government: Quiet and yet powerful - Why Nina Warken, of all people, is the reform minister of this coalition

Against all resistance, Health Minister Warken pushed through her austerity reform for health insurance companies. How their leadership style works – the reconstruction.

Man arrested on suspicion of murdering ex-UK minister Ann Widdecombe

British police arrested a man on Friday on suspicion of murdering Ann Widdecombe, after the 78-year-old former government minister and Reform UK politician was found dead having “sustained serious injuries”. Police said a 26-year-old, white ‌British man had been arrested in Newton Abbot, a town about 15km (nine miles) from Widdecombe’s home in rural southwest England. Devon and Cornwall police assistant chief constable Matt Longman said there was no information to suggest the murder was related.

Air Force pushing contractors to purge Anthropic by Sept. 1: Memo

The Pentagon’s new target is to remove Anthropic department-wide by end of September, even as the AI titan is suing the government to overturn it.

The ETF market is pushing the limits of the leverage it can handle. SK Hynix is the latest example

The original ETF boom was about low cost, tax-efficient core index funds. Now single-stock ETFs are upping risk, with leverage getting 'a little carried away.'

A hedge-fund trade blamed for a massive market blowup in 2024 has made a big comeback, Goldman Sachs says

The currency-market carry trade is back — and bigger than it’s been in many years.

Prepare for the Fed to undo rate cuts that stabilized the economy, expert cautions

The Federal Reserve likely will take back all the 2025 ‘insurance cuts’ or not raise interest rates at all, according to RBC Wealth Management.

Summer Heatwaves Are Rewriting the Rules for Britain's Power Grid

The energy grid operator has warned that the “extreme temperatures” from this week’s heatwave could hit power supplies on Thursday night, as households’ use of fans and air conditioner place a record strain on our electricity system. The National Energy System Operator (Neso) issued a rare overnight notice calling on energy companies to generate additional supplies to satisfy demand from cooling devices during what Britain’s third heatwave of the summer. It is Neso’s second warning in as many mo

‘Trump accounts’ are great — if you’re already rich

They’re a poor deal for most other people.

King Charles hosts Prince Harry and family for first time in years, amid royal rift

King Charles hosted Prince Harry and met with his family for the first time in years Friday, as they try to repair a rift that has persisted since his youngest son and wife quit royal life and moved to America six years ago. Harry, Meghan and their two children, Prince Archie and Princess Lilibet, met with the king and Queen Camilla at Highgrove House, a country estate west of London. The Duke of Sussex had arrived on Monday in his homeland for a number of charity events that were overshadowed..

Dow Jones, S&P, Nasdaq: Wall Street closes in positive territory – tech stocks and SK Hynix debut are driving the trend

SK Hynix impresses with a successful US stock market debut. The price of oil rises by five percent on a weekly basis. And: despite a strong outlook, Delta shares are coming under pressure due to high costs.

Renewed US-China AI dialogue serves American security interests: former officials

A new round of US-China dialogue on the risks of artificial intelligence, even just for the sake of dialogue, will be important for furthering US national security, according to former senior US officials responsible for China affairs. The assessment comes after the world’s two leading AI superpowers agreed to a new round of intergovernmental talks on AI safety following the Trump-Xi summit in Beijing in May, though few details about the dialogue have been announced. Jeannette Chu, one of the...

Ukraine can soon build its own Patriots – but it could take years

Ukraine may soon possess a license the U.S. currently extends to only a handful of allies — but it could be years before Patriots protect Ukrainian cities.

Jiaying Chen, who wed at least 14 men in Las Vegas fraud scheme, to plead guilty

A woman who authorities say married more than a dozen men in Las Vegas to fund her gambling has agreed to plead guilty to two felonies. Jiaying Chen, 33, waived her right to a preliminary hearing during an appearance before Las Vegas Justice of the Peace Rebecca Saxe on Tuesday. Chen’s lawyer, Thomas Wells, said she plans to plead guilty later this week to one count each of bigamy and obtaining money under false pretences more than US$100,000. “It will permit the victims of these crimes to...

Japan's JAPEX aims to nearly quadruple US oil, gas output by 2035

SK Hynix rises 14% in biggest-ever foreign share sale in US

Yen rises, JGB yields fall on Japan finance minister's pension fund remarks

China steps up maritime push against Philippines, Japan, with eye on Taiwan

China's BYD taps Japan luxury car dealer to drive expansion

Trump purges Election Assistance Commission members, months before midterms

The White House said the Supreme Court's ruling allowing President Trump to fire FTC Commissioner Louise Slaughter provided the precedent for the removals.

Election campaign in Berlin: Berlin's Finance Senator Stefan Evers faces new tasks

Stefan Evers is given credit for a lot in Berlin state politics. The CDU politician is considered experienced and a clever strategist. He could soon make a name for himself in the election campaign.

VW in crisis: The blocked Volkswagen Group

VW management wants to stick to its savings plans and create initial facts. The employee representatives are fighting against clear-cutting. The vow takes place in autumn at the latest.

Savings round at Volkswagen: cars that the world doesn't need

The opening round at VW brought little tangible. However, the sales problems require rapid action. Without a joint effort, there is a risk of even greater adversity.

US Oil, Gas Drillers Hang Back in Volatile Market

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 581, up 44 from this same time last year. The number of active oil rigs stayed at 445 during the latest reporting period, according to the data. This is 21 above this same time last year. The number of gas rigs also stayed the same, at 126, which is 18 more than this time last year. The gain was courte

Before the House of Representatives election: Berlin CDU: Finance Senator should be the top candidate

Two months remain until the Berlin House of Representatives election. Prime Minister Kai Wegner no longer wants to compete after the debates about telephone calls and tennis matches. The CDU is now relying on someone else.

Furniture trade: EU Commission examines Porta takeover by XXXLutz

A highly publicized deal in the furniture industry may have broken EU law. Brussels is therefore opening an investigation. What accusation is there?