Your Bank Could Change Forever on October 16

If you have money in a checking or savings account... this could affect you directly. Treasury warns it could drain $6.6 trillion from traditional banks. Meanwhile, investors who make the right moves before the wealth transfer begins could make up to 40X by 2032...

Hungary's Orbán tells Trump that dropping Russian energy would bring economy 'to its knees'

JUSTIN SPIKE
September 26, 2025

BUDAPEST, Hungary (AP) -- Hungarian Prime Minister Viktor Orbán said Friday that Hungary will continue to source fossil fuels from Russia despite demands from his ally U.S. President Donald Trump, and that he'd informed the president that dropping Russian energy would be a "disaster" for Hungary's economy.

Hungary remains one of the only countries in Europe to continue purchasing Russian oil and natural gas following Russia's full-scale invasion of Ukraine in February 2022. But Trump, an admirer of the long-serving Hungarian leader, earlier this month called on all NATO countries including Hungary to cease purchasing Russian oil, since he believes the Russia-Ukraine war would end if they did so.

In comments to state radio on Friday, Orbán said he recently told Trump that that dropping Russian energy imports would be an economic "disaster" for Hungary.

"I told the U.S. president ... that if Hungary is cut off from Russian oil and natural gas, immediately, within a minute, Hungarian economic performance will drop by 4%," Orbán said. "It means the Hungarian economy would be on its knees."

Despite three years of efforts by European Union countries to wean off of Russian energy supplies -- an effort to deprive President Vladimir Putin of revenue that helps fuel the war in Ukraine -- Hungarian officials have insisted that geographical and infrastructural constraints make it nearly impossible to transition to using fossil fuels supplied from the West.

However, other countries in the region, including the similarly landlocked Czech Republic, have managed to fully cease their purchases of Russian oil since Moscow launched its invasion. Slovakia, which neighbors Hungary, has also maintained its Russian energy imports.

Yet despite pressure from the EU and the Trump administration, Orbán, widely considered the EU leader with the closest relationship to the Kremlin, said Friday that when it comes to energy sources, "It is clear what is in Hungary's interest and we will act accordingly."

Hungary and the United States, he said, "are sovereign countries. There is no need for either of us to accept the arguments of the other. America has its arguments and interests, and Hungary does too."

Continue Reading...

Popular

Cathie Wood, Tom Lee Align On These 10 Stock Picks: Some Might Surprise You

A new ETF from Tom Lee shares 10 stocks in common with Cathie Wood's Ark Funds. A look at the stocks both well-known financial figures like.

Cathie Wood Dumps $5.2 Million Worth of This AI Stock, Here's What Ark Bought Instead

Ark Invest decided to sell shares of Tempus AI (TEM), despite positive news of FDA clearance for its diagnostic device. They also made other key trades.

Texas Royalty Plan: 28 Straight Years of Payment Increases - Ad

The Texas Royalty Plan makes payments directly from the oil and gas industry... Available to all Americans. Not just Texas residents.

Trump moves toward deal to give US an equity stake in company developing Nevada lithium mine

WASHINGTON (AP) — The White House is moving forward with a deal that would allow the U.S. government to take a small equity stake in a Canadian company that is developing one of the world's in northern Nevada, an official said.

Trump approves Alaska mining road to boost copper, zinc production

WASHINGTON (AP) — President Donald Trump on Monday ordered approval of a proposed 211-mile road through an Alaska wilderness to allow mining of copper, cobalt, gold and other minerals.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Billionaire Makes $72 Million On Trilogy Metals Stock—Here's What Else He's Holding

Billionaire hedge fund manager John Paulson has scored extraordinary gains with Trilogy Metals—he's also holding gold miners.

Nebius Vs. Palantir: The AI Infrastructure War At 100x Sales

Wall Street's AI mania has sparked a battle between Nebius (NBIS) and Palantir (PLTR) as investors question where the true value of AI lies.

Nvidia CEO Makes First Ever Tesla Announcement - Ad

While Tesla's car sales slump, Nvidia's CEO says Tesla could lead a multi-trillion-dollar AI revolution. He's backing what's being called "Manifested AI" - a 25,000% growth market. And one tiny stock, 168x smaller than Nvidia, could be your way in before the world catches on.

Ray Dalio Predicts 'Very, Very Dark Times,' Trump's Tariffs Bring In $350 Billion And Gold Nears $3,800: This Week In Economy

The past week was filled with significant economic events and market movements. From a billionaire investor’s ominous warning to a controversial tariff’s financial impact, here’s a quick recap of the week’s top stories.

Jim Cramer Says 'No' To Ambarella, But Gilat Satellite Is Still A 'Buy'

On CNBC's "Mad Money Lightning Round," Jim Cramer discusses Rivian, Energy Fuels, Gilat Satellite, Ambarella and AST SpaceMobile.

Elon's $25 Trillion Confession - Ad

Elon Musk: "Tesla will become a $25 trillion company." That would make Tesla 8x bigger than Apple today. How is that possible? He admits it's all thanks to this one AI breakthrough that will take AI out of our computer screens and manifest a 250x boom here in the real world.

From Boring to Booming—Utilities Are The New Winners Of The AI Gold Rush

Utilities have always had a reputation for being a "sleepy" corner of the stock market. Steady, predictable dividend payers one bought late in the bull market to preserve a portfolio.

Robinhood's Prediction-Market Revenue Running Above $200 Million Annualized In September

Robinhood's event-contracts surge — fueled by record Kalshi volumes on NFL/NCAAF — has September revenue pacing above $200M annualized rate.

Claim Your Share of $5.39 Billion in AI Equity Checks - Ad

Virtually every AI model is built off stolen data...so it's only fair that you deserve some kind of compensation...And the U.S. government seems to agree. Which is why you could now receive as much as $3,452.50 per month on average from "AI Equity Checks."

Trump finds new trade targets -- pharmaceuticals, kitchen cabinets and heavy trucks

WASHINGTON (AP) — Naturepedic, a mattress and furniture company based outside Cleveland, has been planning to introduce an upscale upholstered headboard late this year or early in 2026.

Datavault AI Shares Are Trending After New Initiative To Boost XRP Adoption: What You Should Know

Datavault AI Inc. (NASDAQ:DVLT) shares cooled down Tuesday after-hours following a solid double-digit surge in the regular trading session. The stock was seen trending at the time of writing.

The "Mar-A-Lago Accord" Is Now Underway - Ad

The global order is in chaos. And according to 40-year market veteran Dr. David Eifrig, the biggest controlled demolition of the old monetary order in history could now be here, too. That means if you don't take action today, your wealth could decline by 40%... (Yes, even your cash savings.)

Trump administration puts on hold $18 billion in funding for New York City infrastructure projects

WASHINGTON (AP) — President Donald Trump's administration said Wednesday it was putting a hold on roughly $18 billion to fund beneath the Hudson River between New York City and New Jersey and the city's expanded project because of .

Costco, Oracle, IBM, CarMax And BlackBerry: Why These 5 Stocks Are On Investors' Radars Today

On Thursday, the stock market experienced a downturn, with the S&P 500 and the Nasdaq both closing lower. The Dow Jones also saw a decline of over 170 points.

October 16: D-Day For The Dollar - Ad

A quiet shift in U.S. law has just authorized private companies to mint a new form of government-authorized money called the "Dollar 2.0"... and the next major mint hits on October 16. Investors who make the right moves before then could make up to 40X by 2032...

SoundHound AI Stock Is Surging: What's Going On?

SoundHound AI Inc (NASDAQ:SOUN) shares are trading sharply higher Thursday. The stock may be benefiting from renewed investor attention to the company's recent industry recognition and strong revenue momentum.

European countries meet to discuss a 'drone wall' as airspace violations mount

BRUSSELS (AP) — Representatives from European countries with borders close to Russia and Ukraine are holding talks on Friday about building a to plug gaps in their defenses following several airspace violations.

Why Are Wall Street Insiders Moving Their Money to This One Asset? - Ad

Something far more consequential for your money than tariffs is unfolding behind the scenes... Tucked inside this overlooked directive is a plan set to be executed for the first time in in U.S. history. One Stansberry Research's Senior Partner says it's set to trigger a rare window for potentially explosive gains in ONE asset immediately. (Not AI or crypto). Wall Street insiders are already positioning themselves... and he insists you should, too, before it's too late.

A hungrier, poorer and more anxious Iran awaits 'snapback' of UN sanctions over its nuclear program

DUBAI, United Arab Emirates (AP) — As Iran's ailing economy braced Saturday for over its nuclear program, it is ordinary people who increasingly find themselves priced out of the food they need to survive and worried about their futures.

What to do if you're underwater on your car loan

More car buyers are finding themselves in a tough spot financially. According to a recent report from Edmunds, more than 26% of new-vehicle trade-ins in the second quarter of 2025 had negative equity — the highest share in more than four years.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after October 23rd, it may be too late.

EPAM Joins Oracle To Boost AI And Cloud For Businesses

EPAM deepens partnership with Oracle to help companies in various sectors adopt OCI and AI services, leveraging their expertise.

12 Consumer Discretionary Stocks Moving In Thursday's Intraday Session

Gainers Robo.ai (NASDAQ: AIIO) shares rose 30.0% to $2.64 during Thursday's regular session. The market value of their outstanding shares is at $685.3 million.

Your Bank Could Change Forever on October 16 - Ad

If you have money in a checking or savings account... this could affect you directly. Treasury warns it could drain $6.6 trillion from traditional banks. Meanwhile, investors who make the right moves before the wealth transfer begins could make up to 40X by 2032...

Slovak leader announces a deal with US on a new nuclear reactor

BRATISLAVA, Slovakia (AP) — Slovakia’s populist Prime Minister Robert Fico said Tuesday his government has approved an agreement with the United States to build an additional nuclear reactor.

Nanobiotix-J&J Therapy Shows Promise In Tough Head And Neck Cancer

Nanobiotix reported updated Phase 1 trial data for JNJ-1900 in head and neck cancer, showing strong disease control and survival outcomes.

Texas Royalty Plan: 28 Straight Years of Payment Increases - Ad

The Texas Royalty Plan makes payments directly from the oil and gas industry... Available to all Americans. Not just Texas residents.

OpenAI's $850 Billion Build-Out Needs Power Of 17 Nuclear Plants — Or 9 Hoover Dams

OpenAI has plans for an enormous $850 billion expansion, constructing data centers that will require as much energy as 17 nuclear facilities to fulfill the explosive demand for AI tools. 

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Hims & Hers Powers YieldMax's Latest Options-Based Income ETF

YieldMax ETFs grew its expanding lineup of income-oriented funds on Tuesday with the introduction of the YieldMax HIMS Option Income Strategy ETF (NYSE: HIYY).

How to navigate social media trends without derailing your budget

NEW YORK (AP) — Did you buy a new pink dress to watch the Barbie movie, only to never wear it again? An Oura ring because your favorite TikTok influencer had it? A new pair of baggy jeans because '90s fashion is making a comeback?

Nvidia CEO Makes First Ever Tesla Announcement - Ad

While Tesla's car sales slump, Nvidia's CEO says Tesla could lead a multi-trillion-dollar AI revolution. He's backing what's being called "Manifested AI" - a 25,000% growth market. And one tiny stock, 168x smaller than Nvidia, could be your way in before the world catches on.

Benzinga Bulls And Bears: Oracle, Costco, NIO — And Wall Street Snaps Its Slide

Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright systemtrading.ca
Privacy Policy | Terms of Service