
European Stocks Rebound, Swiss Stocks Dip on Shock US Tariffs
The Stoxx Europe 600 Index gained 0.9% by the close, with banks and insurance stocks outperforming the most. Automakers and retailers were among the laggards.

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OPEC Turns The Output Tap On: What It Means For Oil ETFs
Oil-focused ETFs came under pressure this week after OPEC+ announced plans to boost production starting in September, raising fresh concerns over an oversupplied market. USO ETF is in the red today. Check its prices live, here. The cartel will unwind the last leg of its voluntary production cuts, adding roughly 547,000 barrels per day back into global supply, reported Bloomberg. The move weighed on crude prices and hit popular oil ETFs tied to near-term futures contracts. Also Read: Futures-Heavy ETFs Take A Hit ETFs like the United States Oil Fund (NYSE:USO) and United States Brent Oil Fund (NYSE:BNO) fell over 5% in the past week when speculations began. Both funds track front-month oil futures and are vulnerable in a contango environment, when futures contracts are priced higher further out, eroding returns on rollovers. Leveraged products such as the ProShares Ultra Bloomberg Crude Oil (NYSE:UCO) also saw outsized losses, down about 10% in the past week, reflecting amplified exposure to daily moves in crude prices. Also Read: Alternative Strategies Show Resilience Not all oil-linked ETFs suffered. Funds using optimized roll strategies or offering equity exposure to energy companies held up better. Equity-based funds like the Energy Select Sector SPDR Fund (NYSE:XLE) and VanEck Oil Services ETF (NYSE:OIH) were more insulated, losing around 1.7% during the same period, with underlying holdings such as ExxonMobil Corp (NYSE:XOM) and Halliburton Co (NYSE:HAL) expected to benefit from increased drilling activity. Geopolitics Add Another Layer Of Risk The OPEC+ move comes amid rising geopolitical tensions, with reports suggesting the U.S. may consider secondary sanctions on China for importing Russian crude, like it just did for India. Investors seeking to reduce exposure to such risks may look to globally diversified resource ETFs. The SPDR S&P Global Natural Resources ETF (NYSE:GNR) and FlexShares Global Upstream Natural Resources ETF (NYSE:GUNR) offer broader exposure to energy and commodities worldwide. Outlook As oil markets digest the upcoming supply increase, ETF investors may consider shifting strategies. Futures-heavy funds could continue to face headwinds, while equity-based or globally diversified funds may offer more stability in the months ahead. Read Next: Photo: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article OPEC Turns The Output Tap On: What It Means For Oil ETFs originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
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Bank Of America Feels Economy May Grow 1% to 1.5% With No Recession
Bank of America's boss Brian Moynihan is pretty upbeat, telling CNBC you shouldn't brace for a recession because he expects U.S. growth of 1%1.5% this year. He also says the Fed won't cut rates until 2026, even though Liberation Day tariffs briefly slowed spending in May. Consumers snapped back, with card, check, ATM and digital payments up 5% in July 2025 vs July 2024, according to BofA data. Warning! GuruFocus has detected 5 Warning Sign with IST:ISCTR. Moynihan adds that credit quality is strong and borrowers still have room to take on debt. On the labor front, he notes 4.2% unemployment sits below most full-employment estimates, so future job gains will be limited by available workers rather than weak demand. If consumers keep this up and the job market stays tight, we could see a year without rate cuts and no will be eyeing the Fed's December meeting for any hint of a policy shift. This article first appeared on GuruFocus. Sign in to access your portfolio
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Invenda Group Appoints Bjoern Schuster as New COO to Accelerate Global Expansion
Invenda's leadership team is strengthened by the addition of a seasoned operations executive to drive its next growth phase New appointment will focus on accelerating the global scaling of Invenda's AI-powered automated retail platform Strategic role in driving core business growth, organizational development, and high-level deal-making Alpnach, Switzerland--(Newsfile Corp. - August 6, 2025) - Invenda Group AG, the Swiss software company transforming automated retail, today announced the appointment of Bjoern Schuster as its new Chief Operating Officer. In this newly created position, Schuster will be responsible for scaling Invenda's core business, elevating the company's organizational development to the next level, and driving strategic deal-making to solidify its market leadership further. Bjoern Schuster brings to Invenda a strong background in operational leadership, with a proven track record of scaling businesses and building high-performing teams. His leadership style is known for effectively connecting strategic vision with operational discipline. This method has consistently helped him build scalable systems, enhance team capabilities, and promote sustainable growth, making him an ideal choice to lead Invenda's operational future as the company continues to expand globally. Anton von Rueden, the new CEO of Invenda Group, said: "Bjoern Schuster has an impressive track record of leading technology-driven companies through rapid growth. His extensive experience in building scalable systems and promoting operational excellence will be crucial as we speed up Invenda's international expansion. We are pleased to welcome an expert of Bjoern's caliber to our leadership team." Bjoern Schuster expressed his excitement about the new role: "I have dedicated my career to building and scaling operations for innovative technology companies. Invenda Group is pioneering the future of retail with a truly disruptive approach. The automated retail industry is at a pivotal moment, ready for the kind of groundbreaking changes we've seen in other tech sectors. I look forward to applying my experience to help advance this vision and achieve sustained international success." For more information about Invenda Group's innovative approach to automated retail and partnership opportunities, visit Download high-resolution image material free of charge for media use: About Invenda Group AG Invenda Group AG is a Swiss software company transforming automated retail and digital out-of-home (DOOH) advertising through its proprietary AI-powered platform. Invenda's technology connects and automates networks of smart vending machines, micro markets, and digital screens-enabling operators and brands to optimize operations, access real-time data, and unlock new revenue streams through location-based e-commerce and targeted advertising. Headquartered in Alpnach, Switzerland, Invenda has locations in Berlin, New York, Miami, Hong Kong, Sofia, and Novi Sad. The company supports deployments in 22 countries and partners with global leaders. For more information, please visit: Press Contact Invenda Group AGCorporate CommunicationsJoachim M. GuentertIndustriestrasse 236055 Alpnach, SwitzerlandTel.: +41 (0)44 586 00 33media@ To view the source version of this press release, please visit Sign in to access your portfolio