Finance news

Situation in the morning: USA and Iran are carrying out new attacks in the Gulf region

According to US information, Iran shoots down a military helicopter, followed by air strikes on targets in Iran. Tehran, in turn, is attacking Gulf states. Can the ceasefire stand this?

SpaceX IPO is in 2 days. I read the entire S-1 so you don't have to. Heres the good, the bad and the absolutely insane

On june 12, the largest ipo in the history of financial markets goes live. $75 billion raise thats like more than triple what saudi aramco pulled in 2019 which was the previous record. Bitpanda is also listing spcx from day one with fractional shares. I spent the last few days actually going through the S1 filing , The spacex handles 82% of all US space launches and 45% of every commercial space contract on the planet while starlink hit 10m subs across 164 countries by end of q1 2026, roughly do

The US$4.25 trillion question: Becerra and Hilton will face off for California governor

The race for California governor in November will be a battle between a Democrat promising to cement the state’s status as a stronghold of liberal policies and a Republican pledging to dramatically reverse course in America’s most populous state. Republican Steve Hilton, a former Fox News commentator backed by President Donald Trump, has won enough votes to advance to the general election, Associated Press determined on Tuesday. He will face Democrat Xavier Becerra, a former state attorney...

Situation at a glance: USA and Iran are carrying out new attacks in the Gulf region

Tit for tat? According to US information, Iran shoots down a military helicopter. Air strikes on targets in Iran follow. Tehran, in turn, is attacking Gulf states. Can the ceasefire stand this?

Nikkei and Kospi: New attacks in the Middle East weigh on stock exchanges in Asia

Donald Trump blames Tehran for the loss of a US attack helicopter. There are renewed attacks and retaliatory strikes. Stock prices are falling.

Inside Australia’s first major new airport in more than 50 years

Sydney’s new A$5.6 billion (US$4 billion) airport will ⁠open to passengers in ⁠October after more than a decade ⁠of planning, adding red-eye flight options from Australia’s largest city as the existing hub operates under night curfew restrictions. The current airport, located closer to Sydney’s central business district, can host take-offs and landings only until 11pm and after ‌6am due to tough noise regulations, limiting airline scheduling options relative to other major Australian cities like

US President: Trump turns 80: is his power evaporating?

His term in office is characterized by constant media fire: Trump, Trump, Trump everywhere. But before his 80th birthday, the president is rather reserved. He doesn't just have one problem now.

+++ Iran War +++: US military – New attacks on targets in Iran ended

Iran threatens to counterattack after US shelling +++ US military – retaliatory strikes against Iran begun +++ Trump accuses Iran of shooting down US helicopter +++ The news blog.

Cheng Li-wun talks Trump, Taiwan and a future leadership run

Taiwan’s main opposition leader hailed US President Donald Trump’s recent comments opposing the island’s independence as a “relatively positive first step” towards reducing tensions. Cheng Li-wun, chairwoman of the Kuomintang (KMT), told the South China Morning Post on Sunday in an exclusive interview: “The ‘one China’ principle and opposition to Taiwan independence have always been the Kuomintang’s stance. “On this political basis, the status quo across the Taiwan Strait can be maintained, and.

Anthropic is about to IPO at ~$1 trillion. Has anyone looked at the ESG liability?

Everyone’s talking about revenue growth and compute costs. Fair enough, the numbers are impressive. But data centers cost the US economy $25 billion last year in environmental damage, $3.7 billion of that directly from AI. Right now that’s an externality society pays it, not the companies. Once Anthropic goes public, that changes. SEC disclosure requirements, California’s SB 253, investor scrutiny. Stuff that was never visible as a private company is suddenly a line item. No one in the analyst c

US fintech firm iCapital doubles prime office space in Hong Kong amid wealth boom

Fintech company iCapital has more than doubled its office footprint in Hong Kong, leasing a 9,000 sq ft space in One International Finance Centre in the city’s Central business district as it staffs up to capture rising demand for wealth-management services in Asia. The US company, which opened its office in Hong Kong five years ago, is preparing for its next stage of growth, said Tuan Lam, head of Asia-Pacific at iCapital. The firm’s previous office was in the St George’s Building on Ice House.

China to bust Yangtze River chokepoint with US$11 billion ‘water staircase’ project

Eyeing massive new shipping facilities near the Three Gorges dam, China has formally begun construction on an ambitious project to enable the passage of larger vessels and streamline logistics along the nation’s most critical waterway. The centrepiece of the planned 77.2 billion yuan (US$11.4 billion) infrastructure buildout, which looks to span nearly a decade, is a series of mega ship locks – colossal structures also known as “water elevators” or “water staircases” that are built into a...

US trade court to Trump administration: speed up tariff refunds

The US Court of International Trade is pressing the Trump administration to speed up tariff refunds of billions of dollars to thousands of importers, following a partial roll-out after the US Supreme Court struck down its global tariffs in February. “The time has come to refund all the duties,” said Judge Richard Eaton on Tuesday, adding that the delay is leading to a “growing inequity” between big importers and small businesses. The judge did not issue any new order but noted that the...

+++ Iran War +++: Iran threatens to retaliate after US shelling

US military – retaliatory strikes against Iran begun +++ Trump accuses Iran of shooting down US helicopter and threatens to react +++ The news blog.

Scientists find woolly mammoth DNA while digging through squirrel faeces

A huge treasure trove of ancient DNA from animals including extinct woolly mammoths has been discovered in frozen squirrel faeces in Canada’s remote Yukon territory, scientists said on Tuesday. The DNA found deep inside sealed-off burrows is between 3,000 and 700,000 years old, offering a rare window into how life has changed over the millennia. As well as DNA from woolly mammoths – which the US company Colossal claims it is trying to “de-extinct” – genetic material was also found from wolves,..

Iran War: After Helicopter Shot Down: US Military Attacks Targets in Iran

A US military helicopter crashes off the coast of Oman - President Trump says Iran is responsible. The USA carries out retaliatory strikes. Can the ceasefire stand this?

US expects to finish Trump’s Mexico border wall by next year

The US expects to complete President Donald Trump’s long-promised southern border wall by late 2027, Customs and Border Protection (CBP) Commissioner Rodney Scott said Tuesday. The barrier along the US-Mexico border is made of reinforced metal beams and is intended to run from San Diego to the Gulf of Mexico, except in selected areas “where we’ve made a conscious decision that we don’t need it”, Scott said at the Centre for Immigration Studies event in Washington. “The primary border wall will..

What a US lawyer’s diaries show about prosecuting Japanese atrocities of Nanking massacre

A US prosecutor’s newly revealed diaries from World War II have laid bare the gruelling effort to document Japanese wartime atrocities in China and the unlikely bond forged between him and the people he helped. The diaries belonged to David Nelson Sutton, an American assistant prosecutor at the Tokyo Trial, or the International Military Tribunal for the Far East – a landmark international judicial effort. The tribunal drew upon a vast “evidence wall” comprising nearly 50,000 pages of trial...

US launches new strikes on Iran after helicopter downed

The U.S. launched strikes against Iran on Tuesday after Trump said Tehran had shot down a U.S. Apache helicopter in the Strait of Hormuz.

Iran War: US military: Retaliatory strikes against Iran begun

During the night, a US military helicopter crashes off the coast of Oman - according to President Trump, Iran is behind it. Now the USA says it is beginning to retaliate.

Came across buy and hold 17% CAGR portfolio backtested since 1987

Came across buy and hold 17% CAGR portfolio backtested since 1987 For context, my portfolio is 100% VT and chill. I came across this interesting leveraged portfolio, backtested since 1987, with the largest drawdown was only -27.89%! https://testfol.io/?s=3wGHtKUjnI4 Mixture of 25+ Year Zero Coupon US Treasury Index ETF, managed futures, Gold, small cap value stocks, and SPY. All buy and hold, with yearly rebalancing. Someone explain why this is/isn't a good idea. submitted by /u/Frankietomatos [

Hanwha Qcells kicks off first fully onshore US solar supply chain

US lawmakers urge Trump to press Xi on Chinese money laundering tied to Mexican cartels

Chinese money laundering networks were accused of being “financial fuel” for the Mexican cartels at a congressional hearing on Tuesday, where witnesses urged US President Donald Trump to prioritise the issue at his next face-to-face meeting with Chinese counterpart Xi Jinping. “I want to be very clear, Chinese money laundering networks have become the financial fuel for cartels to poison Americans and threaten our borders, we’re seeing a Silk Road of crime across the Americas,” said Leland...

Trump’s China thaw faces resistance from Congress and his own administration

On a state visit to China last month, US President Donald Trump shocked his political base with a series of rhetorical concessions. In an interview, he warmly endorsed Chinese students studying in America, supported China-linked acquisition of US farmland, and dismissed concerns over state espionage as a routine, two-way reality. It was not the first time Trump’s softer stance on China clashed with his own administration’s hardline approach. Even before the summit, he repeatedly suggested...

US Crude Oil, Gasoline Inventories Keep Sinking, but Prices Don’t Care

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 9.119 million barrels in the week ending June 5. Analysts had expected a 3.4 million draw. In the week prior, US crude oil inventories fell by 6.75 million barrels. Despite inventories dropping by a hard-to-stomach 44 million barrels over the last 8 weeks according to API data, US crude inventories are still up almost 7 million barrels so far this year, according to API data. Inventories in t

+++ Iran War +++: US military ends new attacks on targets in Iran – Tehran apparently responds with attacks in the Gulf region

Kuwait reports Iranian attack +++ Circles: US helicopter collided with Iranian drone +++ Report: Netanyahu ready to go it alone against Iran +++ The news blog.

Wall Street: US stock markets close in the red – tech stocks remain under pressure

Tensions in the Middle East appear to be easing. The Nasdaq technology exchange is currently trading significantly in the red. Investors are also looking at economic data.

Foreign policy: Suddenly Germany has to shoulder three acute crises at once

The end of the FCAS fighter jet project hits Germany amid geopolitical tensions. The federal government is struggling to find answers to wars and an unpredictable US president.

Trump says Iran shot down US helicopter and vows to respond

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Iran War: Trump: Iran shot down US military helicopters

At night, a US military helicopter crashes off the coast of Oman. The military rescues two pilots. US President Trump is now pointing the finger at Iran.