Finance news

USDA lowers reported beef export sales by 90% amid growing doubts over data

The US Department of Agriculture dramatically lowered its reported beef export sales for late June on Thursday, sparking fresh concerns about the quality of the agency’s data after staffing losses as part of the Trump administration’s reshaping of the federal government. USDA said exporters in late June sold a net 12,064 tonnes of US beef to foreign buyers, 90 per cent lower than the volume it originally reported ‌a week ago. Traders had largely dismissed USDA’s initial report as inaccurate....

What are some of the ways people diversify from the S&P and gold?

I’m currently mulling over how to best diversify and I’m not 100% sure which way to go. I’m about 25%/30% snp. I’m in both the regular snp and the equal weight snp. Got some gold and a commodities ETF - that one covers gold, copper, other commodities etc. What are my options for further diversification? Emerging markets? The Dow? I’ve looked into government debt but every bond/gilt etf I see seems to be plummeting. All thoughts welcome. submitted by /u/mrlebusciut [link] [comments]

Crypto Startup Trying to Put a Barrel of Oil on Blockchain

A small crypto startup is trying to persuade the industry to experiment with a different kind of frontier: putting a barrel of oil on a blockchain.

Washington Draws a Line for Iraq’s New Leader

Iraq’s new prime minister, Ali Al-Zaidi, will meet U.S. President Donald Trump in Washington, D.C. on 14 July - shortly after America’s Independence Day on July 4th. Trump will no doubt highlight America’s struggle for independence and will press Al-Zaidi to make Iraq independent of Iran, but is Trump ready for an Iraq that is independent of America? It’s a good question because the same day the White House released the terms of the 14-point U.S.-Iran Memorandum of Understanding (MOU), The New A

Artificial intelligence: “Surcharge for Anthropic and OpenAI”: This is how companies keep their AI costs under control

Spending on artificial intelligence is increasing rapidly - but few companies know exactly what they are paying for. Four principles help to keep an overview and control budgets.

Kevin Warsh names members of his Federal Reserve task forces, including Marc Andreessen, Doug McMillon

Federal Reserve Chairman Kevin Warsh on Thursday released names of the experts who will comprise five task forces to examine the institution's operations.

New ‘Ex-Elon’ ETFs let you avoid SpaceX and Tesla — but are they just a gimmick?

One expert doubts that new ETFs from Subversive will catch on in a meaningful way.

Crude Slides on Easing Tensions

Oil prices fell as traders bet the US-Iran conflict would remain limited.

Kalshi traders think gas prices will stay higher for longer as U.S.-Iran tensions heat back up

Odds that gas prices are above $3.50 on Election Day have jumped to 75% on the platform.

What affordability crisis? Rich home buyers are powering the housing market.

“The housing market is the best expression of the ‘K-shaped economy’ that we’re in right now,” one expert says.

A huge trade just happened on the Nasdaq 100. Bulls are taking notice

Tech bulls may not have to wait much longer for fresh highs, if the single-biggest trade in the Invesco QQQ Trust ETF on Thursday is any indication.

Kalshi traders see roughly 50% odds of a rate hike in 2026 as Fed is split on policy

Wednesday's Fed minutes showed a divided outlook on where interest rates are headed this year. Traders on Kalshi see a 54% likelihood of a hike before 2027.

Citi's AI Robotics Picks: Rockwell, Emerson, Honeywell Lead the List

Citi's Robotics & Physical AI Leadership Conference wrapped up on Tuesday. The annual Citi Research event brings together robotics founders, investors, operators, and industry executives to assess the state of "physical AI." Analyst Heath Terry summarized the key takeaways Wednesday morning, painting a picture of the robotics industry moving from proof of concept to commercial deployment, while warning that scaling robots remains challenging. "Labor shortages, reshoring, and favorable regulatory

Federal Reserve announces the leadership and objectives of its task forces to advance the conduct of monetary policy

Federal Reserve announces the leadership and objectives of its task forces to advance the conduct of monetary policy

Prediction markets spark insider trading concerns. Here's how Goldman and other companies are responding

CNBC reached out to 50 companies about what are their trading policies for employees on prediction markets. A handful had an answer.

The AI disinformation gap the Pentagon may be missing

“The Pentagon is building a better mousetrap while the mice are rewriting the blueprint for the house,” argues this analyst.

+++ Federal politics +++: The Bundestag will decide on the black-red coalition's austerity package on Friday

Associations warn the federal government against abolishing mini-jobs +++ Gauck calls for more “argumentative zeal” towards the AfD +++ Industry association: AfD government participation would be “fatal” +++ The news blog.

Mitsubishi Motors to make humanoid robots for its own auto factories

Walmart targets Japanese food as US inflation brings wealthier shoppers

7-Eleven parent's net profit jumps 24%, fueled by US gasoline prices

ANA's domestic fare revamp brings it closer to a budget airline

Japan moves quicker to lower travel risk advisories, easing business trips

Meet Biomni: the free powerful biomed AI agent turning data into hypotheses

A Stanford University-led team including two Chinese researchers said they built the first general-purpose biomedical AI agent capable of working alongside human scientists, taking on complex tasks that once required groups of specialists. Jure Leskovec, a Stanford computer science professor who supervised the work, said the agent had been released as an open-source system with a web interface so that biologists could use it without writing code. “We have over 10,000 scientists all over the...

China Walks Away From Georgia's Strategic Deep-Water Port Project

China has walked away from the Anaklia Deep Sea Port project, ending speculation over one of Georgia’s most important infrastructure projects. The Georgian government now says it wants to develop and operate the port on its own. Few infrastructure projects in the Caucasus have been as geopolitically embattled as Anaklia. The project was launched in 2016, with a consortium of Georgian and US companies taking the lead in construction. The Georgian Dream government eventually canceled the $2.5 bill

Government statement: The opposition presents a sobering picture

The opposition largely does not apply pressure where the Union and the SPD most noticeably fall short of what is necessary.

Action-starved traders look to small-cap stocks for the next big move

One of the biggest options trades in the entire market Thursday seems to suggest small caps might lead the next move up or down.

+++ Iran War +++: Iran's supreme leader Khamenei buried

US government: Technical talks with Iran continue +++ Trump talks to Netanyahu about security concerns about Turkey +++ US government circles: Agreement between Israel and Lebanon is making progress +++ The news blog.

Risky leveraged ETFs are booming in 2026. Some worry they could be making the stock market more volatile.

Some say traders who gravitate toward these products see big swings in the underlying stocks as a feature, not a bug.

After deadly ICE operations: After the death of migrants in the USA: Mexico announces lawsuits

A total of 17 Mexicans have died during US immigration operations or in their detention centers. Mexico is now planning legal action in the USA.

Following the example of the USA and Ukraine: Bundeswehr sets up new drone central office

In the future, a new committee will determine how drones and sensors from different manufacturers must work together. Goal: sovereignty and speed.