Finance news

US Army tests autonomous mass mine-laying

The Army’s Volcano mine dispenser can blanket 32 acres of terrain with up to 960 mines. Now, the Army is testing an autonomous version.

At UN, Cuba rallies support against ‘cruel’ and ‘ruthless’ US blockade

Cuban Foreign Minister Bruno Rodriguez denounced the “ruthless” US embargo against the communist island during a UN General Assembly debate on Tuesday that took place despite diplomatic pressure by Washington to prevent it. “The government of the United States is carrying out against Cuba a multi-dimensional, non-conventional warfare that has already lasted for almost seven decades now and has become ever more cruel and more ruthless during the last seven months,” Rodriguez told the body,...

Iran War: Oil experts expect oversupply: Are the analysts too optimistic?

Around ten million barrels are now being shipped through the Strait of Hormuz every day again - half as much as before the war. US sanctions on Iranian oil are now in effect again.

Iran War: Oil experts expect oversupply: Are the analysts too optimistic?

Around ten million barrels are shipped through the Strait of Hormuz every day - half as much as before the war. US sanctions on Iranian oil are now in effect again.

US Crude Oil, Product Inventories Fall Even As Hormuz Traffic Begins to Flow

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 399,000 barrels in the week ending July 3. In the week prior, US crude oil inventories fell by 6.072 million barrels. Although commercial crude oil inventories excluding the SPR have been falling rapidly for more than two months, shedding almost 60 million barrels over the last twelve weeks, US crude inventories are only down 8.6 million barrels so far this year, according to API data, kept i

US revokes temporary sanctions waiver on Iranian oil after vessels attacked in Hormuz

The US Treasury Department on Tuesday revoked a licence that temporarily lifted oil sanctions on Iran, calling Tehran’s actions in the Strait of Hormuz “wholly unacceptable”. “Iran’s actions in the Strait were wholly unacceptable to the United States and will be met with consequences,” a US official told Agence France-Presse, after attacks on tankers in the key waterway. The waiver announced in June had originally allowed the Islamic republic to produce, sell and deliver crude oil and related...

Oil Jumps on Hormuz Shipping Attacks

The US revoked a waiver allowing Iranian oil sales following shipping attacks that threatened the fragile ceasefire with Iran.

Wall Street: SpaceX climbs into the Nasdaq 100 – US stock markets close in the red

After initial gains, the major US indices are currently closing in the red. There is great uncertainty, particularly in the tech sector.

To everyone who thinks right now is the worst possible time to invest

2008: "We're heading into a Great Depression." If you kept buying, the S&P returned 400%+ over the next 13 years. 2011: "The US credit rating just got downgraded for the first time in history." Market was up 30%+ within two years. 2015: "China is crashing and taking everything down with it." S&P hit net highs within months. 2016: "Brexit will destroy global markets." Then few months later: "Trump winning tank everything." Markets hit all-time highs after both. 2020: "COVID is going to end the ec

US Navy fears ballistic missile subs can be hit by drones, anti-tank rockets

The U.S. Navy is searching for better methods of protecting its missile subs, as well as the shore installations that support them.

UK to join US Army’s PrSM program, buy $254M in long-range missiles

The planned buy is not designed to supplant work with Germany on a Deep Precision Strike weapon, the UK said.

NATO summit: Europe wants to make Trump merciful with arms deals

Can alliance loyalty be bought? First, the Europeans tried to impress the US President with higher defense spending. Now gun shops should take care of it.

Japan brokerages set sights on US mega-IPOs after strong SpaceX debut

Trump still ‘disappointed’ with Nato, says US should control Greenland as summit kicks off

US President Donald Trump doubled down on his criticism of Nato member states’ refusal to aid Washington’s military operation in the Middle East, while noting that his country would consider selling F-35 fighter jets to Turkey after years of deadlock. In his meeting with Turkish President Recep Tayyip Erdogan on Tuesday, the US president, who arrived in Ankara to attend this year’s Nato summit, said he was “very disappointed” with fellow Nato member states during Washington’s military operation.

Top meeting in Ankara: Trump is annoyed with Europe at the NATO summit

Europe is making an effort to do more for its own security and defense - also to satisfy the US President. But Donald Trump is still at odds with some allies.

How the Commerce Department plans to win more foreign defense sales

In an exclusive preview of America’s new arms sale policies, a key Commerce official says the department is ready to “help US companies” in foreign markets.

US gave Tehran secret data on Iranian asylum seekers, lawsuit alleges

A lawsuit claims the Trump administration is unlawfully giving confidential personal information to Iran about Iranians who applied for asylum to avoid “grave danger” in their native country. The US is sharing private data with the Iranian government about asylum applicants including pro-democracy protesters as well as members of religious minorities and the LGBTQ community, according to the complaint filed Tuesday in Washington. Asylum seekers allegedly face deportation back to Iran, where the.

Easyjet takeover offer: How US investors are reorganizing Europe's airlines

EasyJet becomes the target of the US financial investor Castlelake. This could destroy the low-cost airline – with billions in profits and far-reaching consequences for Lufthansa.

Why the Pentagon wants a new drone chief, plus GCAP moves ahead

This week on The Break Out, the US military added a new drone chief while the UK, Italy and Japan advance plans for a new fighter jet.

Handelsblatt Live: US stock market expert Koch: Analysts see the future of SpaceX very optimistically

The space company joined the Nasdaq 100 on Tuesday. Analysts have high hopes for the company, but the shares are currently under pressure. Markus Koch explains that the AI ​​boom could be beneficial for SpaceX in the long term.

Controversial host: Erdogan stages Trump's participation in the NATO summit with pomp

Turkey hosting the NATO summit is controversial. Your head of state Erdogan gives US President Trump a brilliant reception. For critics, however, the outlook is bleak.

Wall Street: SpaceX rises to the Nasdaq 100 – US stock markets turn negative

After initial gains, the major US indices are in the red. However, the test on the US stock exchanges is still pending.

From GlobalEye to Triton, first wave of NATO Summit deals bet big on aerial capabilities

The air power shift also comes as allies attempt to come to terms with the US opting to scale back some of its military assets in Europe and as they brace for Trump’s Summit address where he will reportedly urge them to increase defense spending.

Japan's SBI Holdings takes stake in US crypto exchange EDX Markets

What does China’s submarine missile test mean for its nuclear triad expansion?

China’s rare launch of a ballistic missile from a nuclear-powered submarine into the deep Pacific sent a strategic signal to the United States and regional neighbours, particularly Japan, amid concerns about Beijing’s military expansion. Monday’s test is also likely to reinforce calls in Washington and among US allies for greater defence investment and closer security coordination as regional tensions continue to rise, according to analysts. What happened during China’s submarine-launched...

Six Key Issues to Watch at NATO’s Ankara Summit

NATO leaders are meeting in the Turkish capital, Ankara, for the alliance’s annual summit on July 7-8 in the shadow of the Iran war and American complaints that not all European allies are pulling their weight when it comes to defense spending. The expectation is that US President Donald Trump will have harsh comments for several of his European counterparts as they meet for a dinner on the first day and then an expected three-hour session of the North Atlantic Council on the second and final da

Wall Street: SpaceX rises to the Nasdaq 100 – Dow Jones starts with a record

In the USA, the indices do not find a common denominator at the start of trading. However, the test on the US stock exchanges is still pending.

NATO summit: Trump over Greenland – Should be controlled by the USA

The US President shocked NATO partners with his claims to ownership of Greenland. After the dispute had been quiet for a long time, Trump is now stepping up at the summit in Ankara.

US will lift sanctions on Turkey, possibly sell F-35 fighter jets, Trump says

The sanctions were imposed in 2020 over the country's purchase of Russian defense missiles.

Wall Street: AI stocks in a rollercoaster of emotions

The US stock exchanges cannot find a clear direction at the start of trading. Also: SpaceX is now listed in the Nasdaq 100.