Finance news

US Government: Court Stops H-1B Visa Application Fee

The Trump administration startled many companies with a $100,000 fee for work visas. A court is now putting a stop to the regulation.

Who’s calling the shots? Netanyahu and Trump at odds over their war

Israel’s latest strikes on Lebanon and Iran have made clear that US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu, who started the war in lockstep, want different things. Trump had publicly warned Israel not to strike Beirut in its war with Iran-backed Hezbollah militants. When it did, on Sunday, Iran responded by firing ballistic missiles at Israel for the first time since the April ceasefire. Israel then struck Iran, with which Trump has been engaged in weeks of...

China wife finds ex hid US$2 million during divorce while she struggled with US$1,000 medical bills

A long-suffering domestic violence victim in China who struggled to cover the 7,000 yuan (US$1,000) cost of treating her injuries has discovered that her husband had hidden 14 million yuan (US$2 million) from her. The 53-year-old woman’s story, reported by Shanghai Morning Post in early June, has been viewed 20 million times on mainland social media and triggered a heated discussion. The woman, surnamed Wang, who lives in the southwestern municipality Chongqing, and her husband, surnamed He,...

Trump responds to US Apache helicopter crash near Hormuz, claims Iran deal close

A US Army Apache attack helicopter crashed near the Strait of Hormuz, with President Donald Trump saying the two crew members abroad were “fine” after the incident involving the strategic waterway, which remains under a chokehold by Iran. What caused the crash remained unclear Tuesday morning in the Middle East, which was still reeling after Iran and Israel exchanged fire the previous day in the biggest blow yet to the straining ceasefire in the Iran war. Iranian state media, relying on foreign.

Pharmaceutical industry: GSK is negotiating a billion-dollar purchase of the cancer specialist Nuvalent

The British pharmaceutical giant wants to expand its oncology portfolio with the takeover of the US biotech. It would be an early success for the new CEO Miels.

AI: Apollo and Blackstone give Anthropic historical credit

The two US investment companies are setting up one of the largest private loans in the world for the AI ​​company. To do this, they use a popular construct.

+++ Iran War +++: US attack helicopter crashed near the Strait of Hormuz

Trump warns Netanyahu against going to war against Iran on his own +++ Iranian Al-Kuds Brigades: New security belt from Hormuz to the Red Sea +++ The news blog.

Malaysia’s import ban pushes Thai shrimp industry to brink

Thai shrimp farmers have warned they face being driven out of business after Malaysia banned imports of five shrimp species over apparent safety concerns, as the industry also grapples with disease outbreaks, rising competition and renewed US tariff threats. Malaysia issued a temporary ban on June 1, also tightening import requirements for Thai sea bass. The move was a gut punch for Thailand’s seafood industry, which exports 10,000 tonnes of shrimp across its southern border each year. Bangkok..

Palau president says security strengthened with US radar amid China threat

US asks China to resume rare-earth exports to Japan

Trump booed by crowd at NBA Finals in New York

US President Donald Trump was booed loudly by fans inside Madison Square Garden when he was shown on video screens during the national anthem prior to Game 3 of the NBA Finals on Monday night. Trump was shown for several seconds giving a military salute. The boos ended when the US flag followed him on the screens, and fans cheered when New York Knicks players were shown. Mentions of the San Antonio Spurs also elicited loud boos. Trump was watching from Knicks owner James Dolan’s suite, along...

Strongest earthquake in nearly 150 years hits off Cuba, shaking Mexico and Florida

A historically strong earthquake ⁠struck off Cuba’s northwest ⁠coast on Monday, according to official ⁠reports, shaking parts of Cuba, Mexico and Florida that are typically not prone to quakes. The US Geological Survey (USGS) measured the quake at a magnitude 6.1 at a shallow depth of 26km (16 miles) and its epicentre 104km ‌west-northwest of Mantua, Cuba, about two to four hours by car from the capital Havana. Monday’s earthquake was unusual for this area of the Caribbean, said Paul Earle, a...

MiniMax once led Zhipu in Hong Kong’s AI stock race. How the tables have turned

When Chinese artificial intelligence developers Zhipu AI and MiniMax made their debuts on the Hong Kong stock exchange in January, investors initially saw one as a better bet than the other. Beijing-based Zhipu closed its first trading day on January 8 with a market capitalisation of HK$57.9 billion (US$7.4 billion). A day later, Shanghai-based MiniMax listed at HK$106.7 billion, almost twice as large. Five months on, however, Zhipu – traded as Knowledge Atlas Technology – has surged ahead. At..

US$4.7 ⁠billion US-Canada bridge nears opening despite earlier Trump threat

⁠A ⁠new US$4.7 ⁠billion bridge connecting Detroit, Michigan and Windsor, Ontario is on ‌track to open in the coming weeks despite a threat made in ⁠February by US ‌President Donald Trump, a bridge authority said ‌on Monday. A formal ⁠ribbon ⁠cutting is expected ‌later this week, a source ‌told Reuters. ‌Detroit media ‌outlets reported on ⁠Monday the Gordie Howe International ⁠Bridge is expected to open ‌to traffic ‌on June 15. The ribbon-cutting invitations went out on Monday after a...

How Hong Kong’s strengths can help unlock Central Asia’s potential

Hong Kong has taken a monumental step forward in expanding its global economic footprint. Last week, Chief Executive John Lee Ka-chiu, leading a high-level business delegation, wrapped up a successful five-day mission to Kazakhstan and Uzbekistan. This historic visit – marking the first time the chief executive has led a mission to Central Asia – yielded 96 cooperation agreements and memorandums of understanding valued at more than US$1.65 billion. The exceptional results signal a major pivot...

Trump picks ally Todd Blanche as attorney general, teeing up US Senate fight

US President Donald Trump nominated Todd Blanche, acting US attorney general, to fill the position on a permanent basis, rewarding a loyal ally whose controversial actions ensure an uphill Senate confirmation fight. The White House announced on Monday it had sent Blanche’s nomination to the Senate, a move Trump telegraphed last week during remarks at a private event in the Rose Garden. Blanche formerly served as one of Trump’s personal lawyers before the president picked him for the No 2...

US Stocks - ETF Heirs

Could someone explain to me what is special about US stocks or US ETFs? Will my child be subject to taxes if they inherit my stocks or ETFs? submitted by /u/La_vida_locker [link] [comments]

Israel, Iran appear to pause strikes after trading fire for first time since ceasefire

Israel and Iran appeared to back away from further strikes on Monday, hours after they traded fire for the first time since the US agreed to a ceasefire with Tehran two months ago. Both countries warned that they were ready to launch retaliatory attacks if provoked. The renewed hostilities raised concerns that the Middle East could plunge back into a full-scale war. Since the US and Israel began striking Iran on February 28, the war has shaken the global economy, driven up energy prices around..

Nationals from China, India among 17 new US denaturalisation cases

The Trump administration is stepping up efforts to revoke the citizenship of naturalised Americans, with the US Justice Department on Monday filing lawsuits against 17 people accused of obtaining citizenship through fraud or concealing serious crimes. Among those targeted is a Chinese-born resident of the state of Georgia who prosecutors say hid a prior deportation order and immigration history under a different identity before becoming a US citizen in 2006. The announcement was accompanied by..

US sanctions over 100 Nicaraguan officials and relatives with travel ban

The United States has placed travel bans on more than 100 Nicaraguan officials and their family members as part of a broader campaign to punish the current government for human rights abuses. Secretary of State Marco Rubio said in a statement on Monday that the new sanctions were imposed in part because of the death last month of an imprisoned activist, Brooklyn Rivera, who criticised the policies of Nicaraguan President Daniel Ortega and his wife and co-president Rosario Murillo. “The United...

Trump’s US$100,000 H-1B visa fee is an unlawful tax, judge rules

A federal ⁠judge on Monday ⁠struck down a US$100,000 fee that ⁠US President Donald Trump imposed on new H-1B visas for highly skilled foreign workers, concluding that it constituted an unlawful tax that Congress never authorised. US District Judge Leo Sorokin ‌in Boston issued the ruling in a lawsuit filed by 20 Democratic state attorneys general challenging a fee Trump announced in September that dramatically raised the cost of obtaining H-1B visas. The H-1B programme offers 65,000 visas...

NTT to tap US, South Korea investors for $500m optical network fund

+++ Iran War +++: US military attacks tanker bound for Iranian port

Iranian authorities lift ban on flights +++ Netanyahu confirms ceasefire after attacks on Iran +++ Israel threatens Hezbollah with attacks on Beirut suburbs +++ The news blog.

US approves Kuwait request to buy nearly $2 billion of counter-drone platforms

Following recent Iranian strikes on Kuwait, the U.S. approved a potential foreign military sale of counter-UAS platforms made by Anduril.

US adds Alibaba, BYD and other Chinese tech champions to military company blacklist

The Pentagon has designated Alibaba, BYD, Baidu and more than a dozen other prominent Chinese companies as “Chinese military companies” operating in the United States, widening a blacklist that has become an increasingly effective tool in Washington’s campaign to restrict China’s access to American capital, technology and government contracts. In a Federal Register notice scheduled for publication on Wednesday, the US Defence Department said the Under Secretary of Defence for Acquisition and...

US Navy F/A-18 Super Hornet strikes, disables oil tanker in Gulf of Oman

An F/A-18 Super Hornet assigned to the aircraft carrier USS Abraham Lincoln fired a precision munition into the vessel's engineering and steering spaces.

Potential Type 1 Diabetes Cure

Eledon Pharmaceuticals just announced the results of their study where 100% of patients achieved insulin independence (all 12 patients) that had type 1 diabetes. They have a market capitalization of $275 million so there is a ton of room to grow or even become an acquisition target by a larger company looking to replenish its revenues. Apparently there are over 2.1 million people with diagnosed type 1 diabetes in the US alone so this could be a massive opportunity. Seems like the market isn’t gi

Trump will ask Supreme Court to revive his US$475 million defamation lawsuit against CNN

US President Donald Trump told the US Supreme Court he intends to ask the justices to revive his US$475 million defamation lawsuit against CNN over use of the term “Big Lie” in reporting on his claim that the 2020 election was rigged against him. Trump’s lawyers asked the Supreme Court for a 60-day extension to August 15 to file his petition for review of the lower court’s dismissal of the case, according to a request that was formally docketed by the justices on Friday. The filing, the first...

Wall Street: Wall Street closes mostly in the black – chip values ​​are recovering

Despite the volatile situation in the Middle East, US markets were firmer. Meanwhile, speculation about artificial intelligence unsettled investors – and not just in the United States.

Iran war: Israel relies on military escalation despite Trump's warnings

Iran and Israel fired missiles at each other for the first time since April. US President Donald Trump spoke out strictly against it.