Finance news

Iraq Looks to Triple Pipeline Oil Exports as Hormuz Remains Closed

Iraq plans to triple within three months its exports of crude oil through Kurdistan to the Turkish Mediterranean port of Ceyhan as OPEC’s second-largest producer is one of the Middle East’s producers worst affected by the closed Strait of Hormuz. The Iraqi government has approved a plan to hike crude exports to Ceyhan and onto international markets from the Mediterranean as the blocked Strait of Hormuz has cut most of Iraq’s oil shipments. Iraq is seeing the worst of the Middle East crisis as it

Piero Cipollone: Europe’s money evolves so people’s freedom to pay remains

Check your rent bill: You could be paying a monthly fee for a service you didn’t know you signed up for

A property-management technology company is charging people for a credit-repair service without their knowledge, a new class-action complaint alleges.

My turning point: “Sometimes I stood alone, sometimes Werner decided something completely on his own.”

Kieser boss Michael Antonopoulos learned in the kitchen of the company founder and his wife who he was more likely to get through with. And to offer resistance that is paying off today.

Nico Lange: Putin knows it, the elites know it - and people feel it every day

Behind the show of strength at the economic forum in St. Petersburg, Russia's economic crisis is becoming increasingly obvious. Europe's scope for maneuver is growing. A guest post.

Pharmaceutical company: Boehringer cancels investments of 900 million euros in Germany

The pharmaceutical company Boehringer Ingelheim is withdrawing investment plans in Germany. The reason is poorer general conditions and the planned austerity law in the healthcare system.

Pharma: Boehringer Ingelheim stops investments in Germany

900 million euros that were actually earmarked for the pharmaceutical company's local locations are now being invested in other regions of the world. The company boss chooses clear words.

Agriculture: Why Denmark will soon tax cows for the climate

From 2030, Danish livestock farmers will have to pay a methane levy. No trace of farmers' protests. What Germany can learn from this.

Bitcoin trails stocks by most since 2019 as traders get their kicks elsewhere

Bitcoin hasn't had this cold a winter in seven years.

What If Putin Can’t End the War?

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

RBC Capital reiterates Meta stock Outperform rating on AI opportunity

RBC Capital reiterated an Outperform rating and $810.00 price target on Meta Platforms Inc. (NASDAQ:META), suggesting significant upside from the current price of $632.51. The stock appears undervalued according to InvestingPro analysis, placing it among promising opportunities on the platform’s Most Undervalued list. The firm believes Meta sits at the intersection of two trends that could accelerate accessible total addressable market expansion in the coming years: differentiated compute capaci

Real estate: Buying furniture from the previous tenant: Large sums of money cause trouble when looking for an apartment

Anyone who rents an apartment often has to pay four-figure sums to take over inventory in addition to the deposit and moving costs. That's basically okay - but there are rules.

CRWD earnings might be a real test for the cybersecurity trade

CrowdStrike reports earnings after the close on June 3, and I think this one is worth watching beyond just CRWD itself. Cybersecurity has been a weird trade lately. On one side, AI should make security more important because attacks are getting faster, more automated, and harder to detect. That should benefit companies like CRWD, PANW, OKTA and other larger security platforms. On the other side, expectations are already high. CRWD has had a big run this year, and options pricing is implying a la

Baltic Sea Tunnel: Costs for railway tracks to the Fehmarnbelt are increasing significantly

The connection of the tunnel between Fehmarn and Lolland is now expected to cost 10.7 billion euros - 2.6 billion euros more than announced last year.

Reforms: State objections to austerity package - protest from general practitioners

The ever-increasing expenses of health insurance companies should be brought under control. The coalition is planning a major austerity law. The headwind for the Federal Minister of Health is getting stronger.

Morgan Stanley will soon open its trillion-dollar wealth management funnel to AI agents

Morgan Stanley's move is one of the earliest instances of a major Wall Street bank opening its platforms to external AI tools.

Saudi Arabia and Russia draw closer amid OPEC upheaval

As Saudi Arabia and Russia deepen cooperation, their combined influence over global oil supply is growing. Could this shift the balance of power in energy markets?

Hong Kong launches DeepSeek-based AI model designed to run on domestic chips

The Hong Kong Generative AI Research and Development Centre (HKGAI) has officially launched a new DeepSeek-based large language model that can run on domestic chips, as the government-backed lab seeks to commercialise its products and export Chinese AI overseas. The HKGAI-V3 model, built on DeepSeek V4, has achieved “significant improvements” in efficiency and agentic capabilities, the centre said on Wednesday. The home-grown model delivered over tenfold improvement in the efficiency of token...

China plans compute futures in Shanghai as AI computing demand surges

China is preparing to launch compute futures in Shanghai, signalling a push to link financial markets to computing power as the global AI boom drives new demand for digital infrastructure. The Shanghai municipal government has released guidelines stating the new financial derivative would form part of efforts to turn the city into a global wealth management hub. It is the first time Shanghai’s authorities have explicitly mentioned compute futures in an official document. “In light of the central

Chinese AI lets everyday users command quantum computing with natural language

Quantum computing has long carried an aura of exclusivity, cloaked in dense academic papers and ultra-cold laboratory systems understood by only a small circle of physicists and mathematicians. However, a Chinese start-up has changed quantum computing into something closer to an AI chatbot. On May 15, Shanghai-based Youshu Quantum Technology unveiled what it described as the world’s first agent-driven quantum computing platform. UnitaryLab 2.0 is designed to allow users to operate quantum...

VWCE 70% and 30% ZPRV? Or?

Hi! I'm new to investing but I'll keep it short. I have 20K to get started, 200€ monthly and hoping to hold 15 years at least, I know everyone says VWCE and chill... but... I need something else in the mix that drives a bit more profit. Is ZPRV a good choice? Or is there anything better? Thank you! submitted by /u/ur-ita-bull [link] [comments]

Competition for Tiguan and Co: Grizzly: Fiat unleashes the next bear

After the Italians have already launched the Panda and Grande Panda, they are now launching the Grizzly as an SUV for the compact class. What does the car intended for families offer?

Savings laws unnecessary?: Funds generate billions in surplus in just three months

In the first quarter, health insurance companies received 1.2 billion euros more than they spent. Is there still a need for the health minister’s major reform? Yes, say the health insurance companies and warn of rising contributions.

Iran war: Dozens injured in Kuwait after new escalation in the Gulf

Tehran says it is retaliating after a US attack on an oil tanker. Despite the ceasefire in force, the situation between the USA and Iran is escalating again - with dozens of people injured.

Controversial labor market reform: General strike paralyzes Portugal in many places

Garbage is piling up in many places in Portugal, the subway is not running, and hundreds of flights are cancelled. In the popular holiday destination, many employees are refusing to work in protest against a planned reform.

Rubio Says U.S. Wants to End Russian Oil Waivers “As Soon as Possible”

The Trump Administration would like to end the sanction waivers allowing sales of Russian oil as soon as possible, although the decision rests with the U.S. Department of the Treasury, Secretary of State Marco Rubio said in a testimony before the Senate Foreign Policy Committee. Since the war in Iran began, the U.S. Administration has extended three times an initial one-month waiver de-sanctioning Russian oil already loaded on tankers. The one-month waiver initially granted in the middle of Marc

Middle East: New attacks between USA and Iran

The USA says it thwarted Iranian drone and missile attacks in the Gulf region on Wednesday night. In response, the US military attacked the Iranian island of Keshm near the Strait of Hormuz.

Is employee stock and personal stock of the same company both subject to the wash sale rule?

I bought normal shares of my company’s stock some time ago. I am also part of its ESPP, receiving discounted shares every 2 weeks. The shares are held in separate accounts. Does this mean I’m essentially locked out of ever using the wash rule if I choose to sell my personal shares? submitted by /u/Sexy_Anthropocene [link] [comments]

Banks: Citigroup boss: “The Trump administration has unleashed a lot of potential”

In an interview, Jane Fraser talks about the missed opportunities of Europeans, the major restructuring of her bank and what keeps her up at night.

EU and China set for Paris talks this week as trade war fears mount

EU trade chief Maros Sefcovic will meet China’s international trade envoy, Li Chenggang, in Paris on Thursday, as the sides look to defuse tensions that have pushed them to the brink of a trade war. The officials will meet on the sidelines of an Organisation for Economic Co-operation and Development (OECD) ministerial meeting, setting the stage for a month of intensified engagement ahead of Commerce Minister Wang Wentao’s visit to Brussels on June 28 and 29, according to people familiar with the