The Global Economic News

Sergey Brin Wants Google to Double Down on Gemini. What That Means for GOOGL Stock. Anushka Dutta Sat, August 15, 2026 at 10:00 AM PDT 4 min read GOOG Alphabet's (GOOGL) Google co-founder Sergey Brin has urged its parent company to focus more on its proprietary LLM Gemini. The report also indicates that Google's executives have taken a more hands-on approach to directing its AI operations. Google has recently announced that its AI wing will have a new boss. DeepMind, Google's AI unit, CEO Demis Hassabis will step down, with Koray Kavukcuoglu, previously the AI unit's CTO and Google's chief AI architect, taking over as SVP. This is a strategic choice as Google faces intense pressure from OpenAI and Anthropic. Anthropic's Mythos model and OpenAI's GPT-5.6 have been lauded, but since the Gemini 3.1 Pro launch, no subsequent Alphabet releases have challenged the AI firms so far. More News from Barchart Elon Musk Said Tesla Short Sellers Would Be 'Obliterate...

Image source, RM Sotheby's Image caption, The Ferrari Luce was launched in May By Osmond Chia Business reporter Published 17 August 2026, 02:47 BST Updated 27 minutes ago Ferrari's first ever all-electric car has fetched $40m ( 29.5m) in a charity sale, setting a record for a new car sold at auction. The RM Sotheby's auction in California raised more than 35 times the usual price of a Ferrari Luce. The auction catalogue said it is a special model featuring a unique finish and bespoke parts. The Luce, the brainchild of iPhone designer Sir Jony Ive , faced a backlash when it was launched in May after some commentators said it had strayed from the marque's traditional designs and lost part of the brand's identity by being battery-powered and having five seats. Sotheby's said all proceeds of the sale will be donated to the Ferrari Foundation's educational programmes. Sotheby's did not name the buyer of the custom Luce. The BBC has contacted the aucti...

NOW Stock Has Rebounded Over 54% Why ServiceNow’s Rally Could Have Further Room to Run Amit Singh Sat, August 15, 2026 at 8:00 AM PDT 3 min read NOW ServiceNow Inc building in Silicon Valley-by Sundry Photography via iStock After underperforming in the first half of the year, ServiceNow (NOW) stock has staged a strong recovery, rising 57.4% from its low of $81.24. The sell-off was driven largely by a broader shift in investor sentiment toward enterprise software stocks. As artificial intelligence (AI) reshapes the software industry, investors have grown concerned that AI-powered agents could disrupt traditional software vendors. These concerns triggered widespread selling across the sector, including ServiceNow. More News from Barchart Elon Musk Said Tesla Short Sellers Would Be 'Obliterated' Even Bill Gates Yet They've Made $9 Billion This Year Shorting the Stock Sergey Brin Wants Google to Double Down on Gemini. What That Means for GOOGL Stock. Alphabet Stock to $515: 3 ...

Buying Bonds Could Be the Single Most Important Investing Decision You Make for 10 Years Rob Isbitts Sat, August 15, 2026 at 7:00 AM PDT 5 min read Today's investors seem to want upside, upside, and more upside. I get it. After a generation of pathetically low interest rates and negligible returns on bonds, who can blame investors for ignoring the asset class that is actually much bigger than the stock market? More News from Barchart Elon Musk Said Tesla Short Sellers Would Be 'Obliterated' Even Bill Gates Yet They've Made $9 Billion This Year Shorting the Stock Sergey Brin Wants Google to Double Down on Gemini. What That Means for GOOGL Stock. Alphabet Stock to $515: 3 Reasons the Bull Case Is Getting Stronger Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. However, I'm increasingly of the opinion that the U.S. Treasury Bond market might be giving away the biggest "free lunch"...

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U.S. President Donald Trump's envoys met with Egyptian, Qatari and Turkish mediators in Cairo on Sunday, a diplomatic source said, aiming to advance the president's Gaza peace plan, even as Israel pressed on with airstrikes in the enclave. Hamas officials were present at some of the meetings that mediators held with Trump's envoy and son-in-law, Jared Kushner , and Trump's Board of Peace envoy for Gaza, Nickolay Mladenov, the diplomat said. A senior Israeli official said Kushner and Mladenov were scheduled to meet on Monday with Israeli Prime Minister Benjamin Netanyahu , who on Aug. 9 said Trump's latest roadmap for Gaza peace was 'unacceptable.' The official said Israel was concerned about Washington's demand to end targeted assassinations of Hamas militants in Gaza as the group rebuilds its forces. Trump's peace plan calls for the immediate cessation of military operations in Gaza. It foresees Hamas disarming as Israeli troops withdraw fr...

U.S. Central Command Commander Adm. Brad Cooper on Sunday acknowledged mental health challenges aboard the USS Lincoln after reports that a sailor jumped overboard amid the aircraft carrier's long Middle East deployment. "Here's an important fact: Of the U.S. Navy's 11 active aircraft carriers, the Lincoln currently has among the lowest number of cases related to mental health," Cooper said in a statement posted to X following his visit to the ship on Saturday. "This doesn't mean that all is perfect. Find any of the nearly 4 million Navy veterans in America today and they will likely tell you that service at sea for long periods isn't for everyone." Cooper's visit and statement follow reports of widespread morale and mental health issues aboard the Lincoln, which has been deployed for more than eight months. The Navy Times reported last week that several sailors had attempted to go overboard, and Stars and Stripes also reported on widespread...

Drake told a 23-year-old streamer he'd 'love to' buy her mom a house after picking her on dating show. Who pays the tax? Rudro Chakrabarti Sun, August 16, 2026 at 12:15 PM PDT 7 min read Pinkchyu / X.com, Allison H. Smith/Shutterstock Drake picked streamer Pinkchyu out of 20 women on a Kick speed-dating stream Aug. 8, hosted for Stake's ninth anniversary, and told her she could have anything she wanted. Pinkchyu, real name Lin Lamar, asked whether he'd buy her mother a house so her mom could retire. "Oh yeah, I'd love to," he said. Days later, Lamar told TMZ the offer was real: she picks a listing and he'll cover the payment. Her OnlyFans earnings have climbed since. Two things decide who owes the IRS on a house like that whether it's a gift or a prize, and where the person paying lives. 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 be...

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Bending Spoons Beats on Earnings in Its Public Market Debut Quarter. Investors Focus on the Fine Print Instead Sheryar Siddiq Sun, August 16, 2026 at 8:58 AM PDT 3 min read BSP Bending Spoons S.p.A. (NASDAQ: BSP ) just released its first earnings report as a public company, and it was impressive by almost every headline measure. Investors focused on a different number entirely. A Blowout Quarter On August 13, the company released second-quarter 2026 earnings that exceeded Wall Street estimates across the board. Revenue increased by 126% year-over-year to $704 million, far exceeding analyst expectations of $685 million. Adjusted earnings per share of $0.46 outperformed the $0.27 consensus forecast by $0.19, a margin of more than 70%. Operating income increased 139% to $240 million, with an operating margin of 34%, while adjusted operating income increased 150% to $381 million, bringing the adjusted operating margin up five percentage points to 54%. Guidance Overshadows the Beat Despite...

Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure . SpaceX stock volatility: What to do next if you own shares Hal Bundrick, CFP Senior Writer Sun, August 16, 2026 at 8:34 AM PDT 4 min read For SpaceX IPO investors, the thrill ride has been IMAX-worthy. On IPO day, SpaceX stock ( SPCX ) opened at $150 and climbed past $160. Another near-20% gain in the following trading session saw Elon Musk's spaceflight, satellite communications, and AI company achieve a high orbit of $192.50. By its third trading day, SpaceX surpassed Amazon to become the fifth-largest publicly traded company by market value. To the moon, right? Yet, as any savvy investor knows, things can get ugly fast: The stock quickly returned to Earth and has bounced below its market debut price more than once. The stock has recently clawed back to above its $135 IPO price, but it is well off its highs. So, wh...

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Why US boomers seriously need to prepare for a stock market crash before it’s too late 3 red flags and what to do now Vishesh Raisinghani Sat, August 15, 2026 at 5:15 AM PDT 6 min read ^GSPC Photo by Pixel-Shot / Shutterstock Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Noteworthy financial commentators, including Scott Galloway (1), Michael Burry and Ray Dalio , have compared current stock market conditions to those in 1929, 1987 and 1999 just before massive corrections. As of August 2026, the S&P 500's price-to-earnings ratio has jumped above 30, a level that was last seen "from late 1998 to the close of 2002 during the dot-com craze," according to Fortune (2). 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 still sees gold hitting $5,000/oz by Q4 and savvy investors are protecting their...

AppLovin’s Real Problem Isn’t Revenue It’s How the Growth Engine Actually Works Venkatesh Sat, August 15, 2026 at 4:26 AM PDT 3 min read APP On August 5, 2026, AppLovin Corporation (NASDAQ: APP ) announced its second-quarter results, highlighting revenue that grew by 53% to $1.92 billion. The adjusted EBITDA rose 58% to $1.61 billion at an 84% margin, while the net income reached $1.27 billion. AppLovin also confirmed that the SEC had ended its inquiry, which was initiated in October 2025, with no action. But the stock fell anyway. APP is now down about 53% year-to-date and approximately 31% in the past month. Bank of America, on August 11, cut its rating on the stock from Buy to Neutral. Beyond the federal probe clearance and the 53% growth in revenue, something has happened; something that upsets the market. AppLovin’s Real Problem Isn't Revenue It’s How the Machine Actually Works The Miss Wasn't the Point. The Reason Was. Though the revenue was positive, it came in below co...

Larry Fink’s brutal warning to Americans: This everyday habit is one of the worst financial decisions’ of your life Jing Pan Sat, August 15, 2026 at 3:35 AM PDT 10 min read BLK Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. For generations, putting money in the bank has been synonymous with financial responsibility. But BlackRock CEO Larry Fink thinks following that conventional wisdom would be a major mistake for today's Americans. 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 still sees gold hitting $5,000/oz by Q4 and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Learn more with a free guide from Priority Gold The tax breaks in Trump's 'big beautiful bill' expire after 2028 and experts say most people won't act in time. What to do before the window closes...

'You have absolutely no expenses': Suze Orman says the perks your job quietly covers could blow up your retirement math Emma Caplan-Fisher Sat, August 15, 2026 at 2:30 AM PDT 5 min read Jamie McCarthy/WireImage via Getty Images Kiki is 43 and single, and has been telling herself she'll retire at 58 for as long as she can remember. She doesn't have a clear picture of what retirement will look like but as she told Suze Orman , she does have $410,000 in total assets, no mortgage, no consumer debt and a monthly surplus after expenses. By most measures, she's doing well. Yet Orman graded her an F. 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 after 2...