Finance news

OpenAI’s next legal battle is against states that claim its models are dangerous

Florida Attorney General James Uthmeier sued OpenAI for putting children at risk, and said other states will likely also launch legal actions.

Philippines’ bet on shaky investment pledges from the US risks China’s ire

“You have absolutely no idea of what you’re talking about. The whole point of Pax Silica is to partner with countries who are good at doing different things because everyone wins from a secure supply chain,” wrote US Undersecretary of State for Economic Affairs Jacob Helberg on a social media website in response to an online critic of the US strategic initiative with the Philippines. The spirited exchange came after Manila’s reported rejection of a request to extend diplomatic immunity to US...

Many big oil tankers remain stuck in the Strait of Hormuz — and may not return once they escape

There’s doubt massive tankers, once the backbone of global crude flows, will be returning in quite the same numbers to the Middle East.

Why do “reputable” websites allow blatant financial fraud?

I hope I can post this here. Brief background: Recently my father came to me and said he had found a great offer for fixed-term deposits online and had registered somewhere with his email and telephone number. An employee promptly contacted him and sent him an alleged fixed-term deposit offer from Santander by email. I then took a closer look at it and with a little research I came across a warning from BaFin about this intermediary. Of course I have you

Left-center coalition: Frederiksen stays: Denmark gets a four-party government

Breakthrough after long government negotiations in Denmark: Social Democrat Mette Frederiksen has agreed on a coalition with three other parties. This means she remains head of government.

Bring your own plastic: Japan's takeout shops face container, bag shortages

Japan's Kioxia to take on Samsung with wafer-bonding tech in memory race

Trump is turning Taiwan into a bargaining chip

SoftBank's Son looks to tackle AI's power problem with France data centers

Young Malaysians reinvent the family business playbook to survive

ServiceNow, Uipath or Lenovo

Which one do you think has the most value? They are have all been performing well for the last month ServiceNow has transformed its platform into an AI-first enterprise system. The SaaS drawdown is now making a recovery. Lenovo is the largest pc manufacturer and is now hitting record earnings as it transformed into an AI infrastructure company Path is a software company that develops AI and agentic automation and orchestration software but wasn't mentioned yesterday at the nvda conference while

Berkshire invests extra $10 billion in Alphabet, deepening bet on AI

HPE skyrockets 30% on biggest earnings beat since 2018

HPE's blowout second-quarter earnings report was highlighted by a strong Cloud & AI segment that showed soaring server revenue.

There's Enough Hydrogen Underground to Power Earth for 170,000 Years

Green hydrogen has been hyped as a silver bullet solution to decarbonize hard-to-abate sectors like steelmaking and industrial shipping for decades now. It can be combusted at high heats like fossil fuels, but leaves behind nothing but water vapor when it burns, rather than world-heating greenhouse gas emissions. So why does green hydrogen still represent less than one percent of all hydrogen production in the United States? The simple answer is that producing green hydrogen is expensive, and us

Investors are piling into bullish options bets — another sign that the stock market is getting overheated

Investors’ aggressive buying of bullish call options has become yet another indication of just how frothy the U.S. equity market is becoming.

McDonald's unveils new global growth strategy to win over diners as competition rises

McDonald's new growth plan comes as inflation and high gas prices mean restaurants are competing for a smaller pool of customers.

The AI trade is remaking the global stock-market order

To truly understand the scale of this AI rally, look no further than South Korea.

The return on the statutory pension is a bet on real wage growth

Complaining about pensions is a daily occurrence here, but the Council of Experts aka Economists and the Institute for Macroeconomics and Economic Research postulate slightly positive real returns (in some cases even ~2% real for those born after 1990) for the DRV. At first I think that's subjective nonsense, which is why I tried to find out what my IRR, i.e. internal rate of return, might look like for the statutory pension. Assumptions: - 33 years old now, started paying into the DRV at 26 - no

The federal government plans to make it harder for you to sue your employer over alternative 401(k) investment options

The Department of Labor’s proposal suggests six factors employers should consider when offering alternative investments in workplace retirement plans.

Trump’s US$1.8 billion ‘weaponisation’ fund is on hold, sources say

US President Donald Trump’s US$1.8 billion ⁠fund to compensate victims of alleged government “weaponisation” has been put on hold, two sources familiar with the plan said on Monday. The fund emerged from a legal settlement between Trump and the ‌Justice Department to resolve an unprecedented lawsuit in which the president had sued the Internal Revenue Service for US$10 billion over the alleged mishandling of his tax records. The US$1.776 billion was meant to pay people who said they had been the

Trump backs down on his ‘anti-weaponization’ fund. Funding for immigration enforcement should now get the Senate’s OK.

Trump administration officials on Monday confirmed reports that they’re retreating on their controversial “anti-weaponization fund,” after a significant portion of the Republican-run Senate voiced objections and held off on passing a bill to provide money to the Immigration and Customs Enforcement and Customs and Border Protection agencies.

Frustrated with Robinhood

HI, I am a fairly active options trader and I happened to sell Covered Calls a year ago on some stocks that ran up A LOT in the recent semiconductor bull run. Robinhood has now effectively put me on a Covered Call Hold preventing me from selling ANY covered calls on ANY ticker. This is so frustrating- I have been on calls with their account supervisors for over 4-5 hours and no one can tell me how much I need to unwind positions/transfer in. I tried to transfer my unencumbered shares out to my S

Middle East conflict: Netanyahu continues to threaten attacks on Hezbollah targets

First, US President Trump announced a halt to mutual attacks by Israel and the Hezbollah militia in Lebanon. Just a few hours later, Netanyahu threatened to attack Beirut again.

Insights from the SPD leader: Bärbel Bas: “I have become a personified enemy”

Pure hatred instead of criticism: In an interview, SPD leader Bas talks about massive hostility. She also reveals why she still doesn't give up - and what weakness she has in common with Chancellor Merz.

Barry Diller’s $12.4 billion offer for MGM is a big bet that Vegas is back

Las Vegas has suffered from uneven tourism trends as well as sports-betting competition, but analysts say there’s reason to believe things are looking up for Sin City.

Migration and asylum: EU agrees: clears the way for deportation centers in third countries

Centers in other EU countries for more deportations: The EU agrees on tightening migration policy. The law has a controversial history.

HPE’s stock soars toward record gain as earnings show a networking bonanza

The artificial-intelligence buildout is driving intense demand for networking and servers, and Hewlett Packard Enterprise is reaping the rewards.

Did Trump spark an IBM stock rally? It’s complicated.

IBM’s strong stock momentum Monday comes as the software sector continues its comeback.

China’s SAIC plans to build first EU car plant in Spain’s Galicia

China’s SAIC Motor plans to set ⁠up a car ⁠factory in Spain’s ⁠northwestern region of Galicia that would be its first production facility in the European Union, the regional government said on Monday. Galicia’s leader Alfonso Rueda said his administration ‌had given strategic priority to the project, with an initial investment envisaged at around €200 million (US$232 million). The project, which includes a logistics hub, still requires the central government’s approval for foreign direct...

Trump administration plans to drop DOJ's $1.8B 'lawfare' fund, reports say

Senate Democratic Leader Chuck Schumer said he was launching an effort to kill "slush fund" by forcing Republicans to vote on it.