The Global Economic News

The village idiot could have made it’: Warren Buffett’s dead-simple playbook to supercharge your retirement now Thomas Kent Sun, August 23, 2026 at 4:00 AM PDT 5 min read VOO IVV CNBC Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Warren Buffett has spent more than eight decades outperforming Wall Street. Yet, ordinary Americans can follow a much simpler strategy to build wealth. "America has been a wonderful place to invest money," Buffett told CNBC's Becky Quick in an interview (1). Must Read Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 6 ways to build wealth like a landlord without actually being one JPMorgan sees gold hitting $5,000/oz by Q4 and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the w...

New combines now list for $1 million as farm income drops 2.6% forcing farmers to rely on 70s machines and scrap parts Godwin Oluponmile Sun, August 23, 2026 at 3:00 AM PDT 5 min read Slatan/Shutterstock A new top-end combine harvester for farmers in the U.S. now lists for as much as $1 million more than what most Americans will ever spend on a house. Dennis Kellogg, a farmer in Ithaca, Michigan, farms soybeans on a land his family has worked for six generations. His old combine dates to the 1970s, and he's planning to run it on his field again this fall, rather than spend down the cash the farm needs to operate. Must Read Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 6 ways to build wealth like a landlord without actually being one Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP The tax breaks in Trump's 'big beautiful bill' expire af...

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Treasury Secretary Scott Bessent is seeking to cap rising yields using a variety of tools at his department's disposal. However, traders on prediction market platforms think they won't lead yields to fall dramatically. Speculators on Kalshi think there's a 56% chance that the 10-year Treasury note yield will end 2026 above or at 4.75%, though they also place just 27% odds that it finishes the year above 5%. As of midday trading Monday, the 10-year yield was trading at about 4.70%. Traders on Kalshi are asked across a series of contracts about where they think the 10-year Treasury note yield will trade on Dec. 31. The contracts are resolved using data from the U.S. Treasury. Volume on the contracts are low, though, at just over $16,500 traded. On Polymarket , speculators place two-in-three odds that the 10-year Treasury note yield will cross 4.8% at some point in 2026, a level that it hasn't breached even amid a recent bonds sell-off. The contracts on Polymarket are ...

A Goldman Sachs partner leading one of the bank's flagship artificial intelligence projects warned that AI's spread across Wall Street risks hobbling the thinking capabilities of the next generation of financiers. "There's a huge danger here that in the era of AI, we outsource our reasoning to these models, and we have cognitive atrophy that stops us being able to reason from first principles ourselves," said Chris Churchman, who leads Goldman's digital platform for institutional clients called Marquee . The comments came during the latest episode of the firm's "Exchanges" podcast, according to a transcript provided exclusively to CNBC. Just as people lost navigation and memorization skills with modern inventions, bankers risk losing analytical abilities if algorithms handle all the heavy lifting, Churchman said. "Reasoning is still important," he said. "You still need to reason about [problems] and structure it into an argument, ...

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OpenAI’s CFO Just Told Employees the IPO Is Coming in 2027 or Sooner Omor Ibne Ehsan Mon, August 24, 2026 at 6:50 AM PDT 4 min read Quick Read Sarah Friar called OpenAI's planned 2027 IPO "another fundraise," signaling the listing serves employee liquidity and acquisition currency, not operational funding. Enterprise revenue growing 50% quarter-to-date outpaces the blended 35% rate, and that mix at filing determines whether OpenAI prices like infrastructure or a consumer app. Whichever frontier AI lab lists first sets the sector's comparable valuation multiple, making Anthropic's potential September 2026 IPO consequential for OpenAI's eventual pricing. Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now . OpenAI's finance chief told the company's staff this week that a public listing is coming, and the message was unusually direct for a firm that has spent years signaling ambivalence abo...

Stocks making the biggest moves premarket: BABA, MRVL, SNDK and more Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves premarket: Alibaba U.S.-listed shares of the Chinese technology company were off by 2% after the company announced it was issuing $10.2 billion of new shares to non-U.S. investors . Alibaba said all of the money it raises will be used to fund its AI projects, particularly on its AI infrastructure. Chipmakers After falling 5.5% last week, the iShares Semiconductor ETF (SOXX) was down almost 2% on Monday. Marvell Technology declined almost 3.5%, while Advanced Micro Devices and Intel fell about 2%. Memory stocks A slew of memory storage companies were also starting the week in the red before the bell. Sandisk was off more than 5%, while Western Digital and Seagate Technology declined almost 4%. Micron Technology slid 3.5%. Nucor , Steel Dynamics The st...

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Image source, Finn Gomez/Getty Images By Mitchell Labiak Business reporter Published 30 minutes ago The US treasury secretary has threated Iran with "the single greatest financial offensive ever", claiming the US-Israel war with Iran was "entering its endgame". Scott Bessent said the US would sever all economic ties with the country in "an economic D-Day" and that any nation partnering with Iran financially would also be isolated. Bessent's threat to the Iranian regime follows several U-turns and extended deadlines from US President Donald Trump's administration on previous threats. Iran dismissed Bessent's comments and said it would shut down all oil exports from the region "if the war continues", according to news agency Reuters. The Iranian regime has also issued a new warning to shipping not to pass through the Strait of Hormuz without its permission, the agency reported. One fifth of the world's oil and gas usually passes th...

Image source, Mia Tanswell Image caption, Mia Tanswell says she became conscious of her accent when she started university By Marc Ashdown Business correspondent Published 24 August 2026, 00:25 BST Growing up in Manchester, Mia Tanswell didn't give her accent much thought - until her first week at university in Loughborough. "I knew people were going to notice that I was northern and that I didn't speak the 'Queen's English'," the 22-year-old says. "Definitely in seminars I would sometimes feel like my accent would sound a bit less intellectual than other people, especially if I was the only northern student in the classroom." She's not alone. Fresh polling seen by the BBC suggests many workers still see so-called "accent bias" as a problem. The survey found one in 10 people in Britain feel anxious or self-conscious about their accent in high stakes professional settings such as speaking up in a business meeting. The research, cond...

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Big Tech thinks wearables are the gateway to artificial intelligence. Critics call it cringe stalkerware 🔥 EXCLUSIVE PARTNER OFFER 1000X Handheld Microscope for Kids 2.0" Screen Rechargeable Mini Pocket Digital Microscopes Portable Edu Gift Children Students Special Price 💥 Massive discount! Save big on this must-have item. Free shipping available! 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.ft.com/content/3f25f892-2de2-40e6-9592-a7ac18682c6c?syn-25a6b1a6=1 © EcoNews DZ — Global Economic & Financial News

David Einhorn Just Bet $61.5 Million on PayPal. Why PYPL Looks Cheap Again. Nauman Khan Sat, August 22, 2026 at 1:17 PM PDT 4 min read PYPL PayPal Holdings Inc HQ photo-by bennymarty via iStock David Einhorn just placed a big bet on PayPal (PYPL). The legendary hedge fund manager added a new stake in PYPL stock during the second quarter, which quickly caught investors' attention. Einhorn is no ordinary investor. He's known for spotting value where others see only problems. His firm, DME Capital Management, bought 1.42 million shares of PayPal during Q2 worth $61.5 million as of June 30. That's a serious vote of confidence. More News from Barchart Third Point Starts to Raise Alarm Bells on Broadcom After Dumping AVGO Stock in Q2 Nvidia Q2 Preview: Strong Earnings and Low Valuation Set the Stage for Upside A $28.7 Billion Reason to Buy SK hynix Stock Now Stop Missing Market Moves: Get the FREE Barchart Brief your midday dose of stock movers, trending sectors, and actionable ...

Image source, Getty Images By Osmond Chia Business reporter Published 24 August 2026, 02:23 BST Updated 1 hour ago Fast-fashion giant Shein could see its stock market valuation reach almost $27bn ( 19.8bn) when its makes its debut in Hong Kong on 1 September. The long-awaited move comes after failed attempts to list in the US and London due to regulatory challenges amid scrutiny of the firm, which has its headquarters in Singapore but was founded in China. Since it was founded in 2008, Shein has risen to become one of the world's biggest fast-fashion retailers, with customers in more than 150 countries. The e-commerce giant is known for selling ultra-cheap clothes, backed by a vast network of factories in China that are able to quickly manufacture new products based on the latest trends. Shein in a filing on Monday , external that it will offer nearly 280 million shares for between HK$47.60 ($6.07; 4.45) and HK$49.50 each. At the top of the range, share sale would raise $1.77bn ( ...

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Image source, Getty Images By Nick Edser Business reporter Published 4 hours ago A review is being launched into the way business rates are calculated for pubs and hotels in England and Wales, and could lead to a reform of the system. The Treasury says business rates expert Jerry Schurder will lead the review into rate valuations and report back in March 2027, with the government calling for the views of landlords, hoteliers and business owners to feed in to the process. Last month, Andy Burnham announced a 20% cut in business rates for pubs , social clubs and live music venues in England, to come into effect in April. Pub groups have argued they face disproportionately higher rates bills, but other businesses have called for a wider reform of the rates system. According to the British Beer and Pub Association (BBPA), 161 pubs closed in the first three months of this year across England, Scotland and Wales, equating to the loss of around 2,400 jobs. Rising business rates are cited as ...

Mohamed El-Erian says 30-year Treasury yield at 5.27% signals a structural shift that will make America more expensive Eric Esposito Sat, August 22, 2026 at 9:00 AM PDT 5 min read ^TYX For economist Mohamed El-Erian, sky-high interest rates on U.S. bonds are the harbinger of an even greater affordability crisis. "This is no ordinary bond-market sell-off," El-Erian announced in his latest opinion piece for The New York Times . The former PIMCO CEO argued that, if selling pressure on bonds continues, "it could mark the beginning of a structural economic shift more enduring and more globally consequential than most previous episodes of market volatility." Must Read Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 6 ways to build wealth like a landlord without actually being one Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP The tax brea...