finance
Apple (NASDAQ:AAPL) has had a sluggish H1 compared to other tech giants, but its share price surged in the days following its annual World Wide Developers Conference (WWDC) on Monday (June 10). Meanwhile, crypto markets dipped throughout the week as the US Federal Reserve held interest rates steady, and Tesla (NASDAQ:TSLA) got the green light to begin testing its full self-driving mode in Shanghai. Stay informed on the latest developments in the tech world with the Investing News Network's round-up. 1. Tech boom pushes indexes to new highsThe Nasdaq Composite (INDEXNASDAQ:.IXIC) continued its ...
Investing News Network
A new parliament is being shaped around the powerful central European People's Party group with its coalition Socialist & Democrat, green and liberal allies, but with a strengthened far right adding fresh impetus and uncertainty to the process – all of which could affect the development of financial policies over the next five years. While there is growing desire among lawmakers to focus more on enforcement and implementation before more regulation, there are widespread differences among the political groups on how to boost longer term economic growth. “One key reason for Europe’s poor economi...
Euronews (English)
Speaking to the Investing News Network, Jp Cortez, executive director at Sound Money Defense League, discussed the importance of sound money and his organization's efforts to remonetize gold and silver in the US. 2024 has been the most successful year in Sound Money Defense League's decade-long history, with six states signing bills into law that end sales taxes on gold and silver. Only five states still charge these taxes. In total, Cortez said more than 60 pieces of legislation have been introduced in over 25 states so far this year. With inflation persisting, he believes more and more peopl...
Investing News Network
Outspoken billionaire Elon Musk is having a tense week. Shareholders will decide on his $44.9 billion pay packet today. Many saw the exorbitant $44.9 billion as a gratuitous amount to pay a CEO or controlling shareholder, but Musk has held firm to the agreement inked in 2018. Today, he posted on the social media platform X, which he owns, the trend in voting behavior on his windfall. He said: Musk set for $44.9 billion windfallThe above chart shows a “guaranteed win.” in the voting for the pay packet. So Musk will be happy that he has endured lengthy court battles and a grim public image to sn...
Due
Les tractations sur le financement de la transition écologique se sont achevées mardi sur une impasse, lors de la conférence de Bonn sur le climat, les Etats n'ayant pas réussi à réaliser des avancées significatives dans ce dossier. La question du financement a été au centre des discussions en Allemagne, alors que les Etats sont censés parvenir à un accord sur le nouvel objectif collectif quantifié, lors de la COP29 qui se tiendra à Bakou en novembre prochain. Il s'agissait de définir le montant que les pays développés doivent mobiliser chaque année à partir de 2025, pour soutenir l'action cli...
Euronews (French)
The US Federal Reserve announced on Wednesday (June 12) that it will hold its benchmark interest rate steady at 5.25 to 5.5 percent following its two day Federal Open Market Committee (FOMC) meeting. This marks the seventh time the central bank has maintained its policy since July 2023, when it last raised the rate. The meeting occurred the same day as the release of May’s consumer price index (CPI) data from the Bureau of Labor Statistics. The data shows a 0 percent change in CPI month-on-month, down from April’s 0.3 percent increase. On a 12 month basis, CPI saw a 3.3 percent increase over l...
Investing News Network
Climate finance talks at the Bonn Climate Conference on Tuesday ended in a stalemate as countries failed to make any concrete progress on the issue. It has been at the centre of discussions in Germany with nations needing to agree on the New Collective Quantified Goal (NCGQ) at COP29 in Baku this November. This is the amount of money developed countries need to mobilise each year from 2025 to support climate action in developing nations. But there have been serious disagreements over how much this should be, who should be prioritised for finance, what form this money takes and what counts as a...
Euronews (English)
German Defence Minister Boris Pistorius reiterated his call for reforms to Germany's strict government debt rules on Wednesday, warning that the rules could prevent needed investments in the country's defence. Pistorius argued that Germany's so-called debt brake, which was created more than 15 years ago in the wake of the financial crisis, does not reflect the challenges now facing the country. Germany's government had to take on huge new debts to weather the coronavirus pandemic, provide needed aid to Ukraine and invest in modernizing the country's long-neglected military, Pistorius said on W...
DPA Breaking News
German Defence Minister Boris Pistorius reiterated his call for reforms to Germany's strict government debt rules on Wednesday, warning that the rules could prevent needed investments in the country's defence. Pistorius argued that Germany's so-called debt brake, which was created more than 15 years ago in the wake of the financial crisis, does not reflect the challenges now facing the country. Germany's government had to take on huge new debts to weather the coronavirus pandemic, provide needed aid to Ukraine and invest in modernizing the country's long-neglected military, Pistorius said on W...
DPA
German Defence Minister Boris Pistorius reiterated his call for reforms to Germany's strict government debt rules on Wednesday, warning that the rules could prevent needed investments in the country's defence. Pistorius argued that Germany's so-called debt brake, which was created more than 15 years ago in the wake of the financial crisis, does not reflect the challenges now facing the country. Germany's government had to take on huge new debts to weather the coronavirus pandemic, provide needed aid to Ukraine and invest in modernizing the country's long-neglected military, Pistorius said on W...
DPA International
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