Finance news

Iran War: US military denies complete closure of the Strait of Hormuz

The conflict in the Middle East continues to escalate: After the latest attacks by the US military, Iran announced that it would close the Strait of Hormuz. A counter statement from the USA followed promptly.

FBI disables 13 Chinese suspected spying websites targeting US officials

The FBI said on Wednesday that it seized more than a dozen internet domains used by Chinese intelligence services to gain personal information in hopes of fooling, conscripting or blackmailing Americans with security clearances into divulging sensitive information. “The fake consulting company domains seized by the FBI illustrate the lengths the Chinese government’s intelligence services will go to as they try to use AI-generated content to trick, recruit, or coerce current and former US...

Very likely the bloodbath in the market today is because of SPACEX!

I am kind of thinking the bloodbath we saw today in the market is because of SpaceX IPO. I doubt the war between Iran vs the US/Israel allies has impact though not entirely. But the SpaceX IPO to me, is the elephant in the room. Folks might be gearing up for it by selling off their portfolios even at a loss because its Elon in the market! Who wouldn't want to buy Elon? The only antidote, I would think, is for other sectors to hike their share prices to ground investers especailly retailers, to s

Possible Move from the US, Looking to Learn

Hello Everyone, Apologies in advance if this post breaks any of the rules of the subreddit, please let me know if changes need to be made. I'll start with some context before asking my questions: I'm an Italian citizen (29M) that came to live to the U.S when I was around 15, because of my parent's work. Fast forwarding to about 2 years ago, when I started working as a Software Dev and started putting money in the stock market and my 401k here in the US (I'm not sure what the equivalent is in EU)

Trump says US might not renew trade deal with Mexico and Canada

US ⁠President Donald Trump ⁠said on Wednesday that the United States ⁠might not renew its free trade agreement with Canada and Mexico and criticised trade deficits with those countries, although he said he was talking with their leaders about the matter. The three countries need to approve ‌a renewal of their existing agreement by July 1 or signal their intention to exit the pact, a process that would take 10 years and would buy time for alterations. “I’m not looking to renew it,” Trump said at.

US launches new strikes on Iran after Trump vows to hit 'hard'

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As de-dollarisation trends persist, can the yuan take the euro’s place?

In early April, hours after US President Donald Trump threatened to bomb Iran “back to the Stone Ages” in a prime-time address, China’s yuan-denominated cross-border payment system set a record for transaction volume in a single day. The Cross-Border Interbank Payment System (CIPS) skyrocketed to 1.22 trillion yuan (US$180.3 billion) on April 2, almost doubling the daily average volume in February. The spike occurred as more oil-producing nations rapidly scaled up their share of yuan settlements

Iran War: US military attacks Iran again

There was actually a ceasefire in the Iran war, but now the USA is attacking again. A diplomatic solution seems increasingly unlikely.

[BBC via Yahoo:] Trump says he 'loves the inflation' as US prices rise at fastest rate in three years

First few sentences: Donald Trump has said he "loves the inflation" facing the US as prices in May rose at their fastest rate in three years. The US president said the "numbers were great" when asked about Bureau of Labor Statistics (BLS) figures showing prices rose by 4.2% in May from a year earlier. The increase, from 3.8% in April, was largely driven by rising energy costs in the wake of the US Israel war in Iran. Speaking from the White House, Trump said: "I love it. The numbers were great.

Oil Climbs as Trump Warns Iran

Oil prices rose after Trump warned Iran of further US attacks.

US Navy stands up naval support activity in Western Australia

As part of the AUKUS security pact, NSA Stirling will provide support for personnel assigned to Submarine Rotational Force-West.

US tightens pressure on Iran with new sanctions and threats of more strikes

The United States ramped up pressure on Iran on Wednesday, with President Donald Trump threatening more strikes and the Treasury Department slapping fresh sanctions on entities that it says “have supported weapons procurement” on behalf of Tehran, including some in China and Hong Kong. “We hit them hard yesterday and we’re going to hit them again hard today,” Trump told reporters at the White House on Wednesday. “We’ll see what happens with the deal. We’re really close to a deal but they keep...

US Army astronaut tapped for NASA’s Artemis III mission

The U.S. Army is launching into space again by way of Col. Frank Rubio, who will be part of the 2027 Artemis III mission, NASA announced Tuesday.

US firms see China as essential despite rising economic and political risks

TDK to buy US maker of AI data center cooling components for up to $400m

US tungsten scrap exports to Japan soar on Chinese curbs

Nasa chief defends choice of all-male Artemis III crew

Nasa’s administrator Jared Isaacman on Wednesday defended the make-up of the space agency’s latest Artemis crew, an all-male group. The nominations have earned criticism that Nasa may have acted in accordance with US President Donald Trump’s direction to eliminate diversity and inclusion efforts. Isaacman insisted in a lengthy social media post that the “crew selection does not involve any political appointees”. “The Astronaut Office assigns the crew that gives the mission the best chance of...

Central Asia Emerges as a New Front in the Minerals Supply Chain Battle

US and Central Asian officials will meet June 11-12 in the Kazakh capital Astana to explore deals concerning the mining and processing of critical minerals. The gathering marks a step forward for the C5+1 Dialogue, which strives to expand economic, educational, and political ties linking the United States and Central Asia. The meeting, officially titled the Astana Mining & Metallurgy Congress (AMM-2026), seeks to catalyze “the transition from the framework agreements reached at the November [C5+

USA-Cuba conflict: Hegseth increases pressure on Cuba: They are prepared for anything

Sanctions and an oil blockade are just two examples of Washington's pressure on Havana. Now the Pentagon chief visits a US base in Cuba - and follows up verbally.

Wall Street: US stock markets close in the red – Dow Jones slips below 50,000 points

A new announcement by US President Trump on the Iran war is driving up the price of oil. The high US inflation rate is also pushing the leading indices into the red. Meanwhile, chip stocks continue to lose.

Bill Gates tells Epstein hearing he ‘never victimised anyone’

Microsoft co-founder Bill Gates said on Wednesday that he “never victimised anyone”, as he faced questioning from US lawmakers over his ties to late sex offender Jeffrey Epstein. Gates, one of the world’s richest men and a leading philanthropist, was appearing before the House Oversight Committee for a transcribed interview about the disgraced financier, who died in a New York jail cell in 2019 while awaiting trial on sex-trafficking charges involving underage girls. “I never witnessed nor had..

MEA summons US Charge d’Affaires Jason Meeks over attack on tanker off Oman coast, lodge strong protest

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Markets Insight: Nervousness on the US stock exchanges is increasing – is there a risk of a bear market?

Price fluctuations are increasing on the US stock markets. Two reasons are conceivable: either these are healthy setbacks, or there is a threat of a major correction, says Michael Maisch.

Handelsblatt Live: US stock market expert Koch: Oil markets are reacting “relatively cautiously” to new uncertainty about Iran

The major US indices started trading weaker. According to Markus Koch, even greater losses had become apparent before the trading session. The WTI oil price also initially moved noticeably little despite Trump's recent threats to Iran.

+++ Iran War +++: New US attacks on Iran – Tehran closes Strait of Hormuz

Media: Iran attacks US ships - explosions in port cities +++ Israel's defense minister: Fight against Iran is not over +++ The news blog.

Hong Kong tech park tender targets strong bidders with HK$100m bond rule

Winning consortiums bidding for core land parcels at an innovation hub near Hong Kong’s border must post a HK$100 million (US$12.7 million) construction bond and meet a tight 30-month development deadline, according to tender documents obtained by the South China Morning Post. Industry leaders said the requirements, which deviated from those in conventional government land sales, suggested that the government was targeting “well-capitalised” bidders to eliminate the risk of stalled construction.

Abuse scandal: Bill Gates before testimony in the Epstein committee: wants to help

He is the next celebrity to speak out about the sex offender case before the US Parliament. Microsoft co-founder Gates previously made a brief statement.

How will the Pentagon’s expanded blacklist of Chinese firms affect Xi’s US visit?

The Pentagon’s newly expanded blacklist of Chinese military-linked companies has tested the fragile stability reached at last month’s summit, highlighting that intense competition persists despite recent efforts to ease bilateral tensions. On Monday, the US Defence Department released its updated Section 1260H list as required by American law, expanding the roster to 188 entities, up from 134 last year. Many of China’s technology and industrial giants were targeted. E-commerce giant Alibaba,...

Wall Street: US stock markets are in the red - computer manufacturer loses double digits

New attacks in the Iran war drive up the price of oil. The high US inflation rate is also pushing the leading indices into the red. Meanwhile, chip stocks continue to lose.

Financing round: German robotics company Neura Robotics raises a record sum of $1.4 billion

The start-up from Metzingen has become a unicorn and now sees itself on a par with the best from the USA and China. The fresh capital comes primarily from well-known US companies.