The Global Economic News

Image source, Getty Images By Liv McMahon Technology reporter Published 4 hours ago Over the last fortnight, reports of AI models going beyond their expected bounds - be that technically or morally - have been seemingly unavoidable. What started with a trickle - ChatGPT-maker OpenAI admitting their AI had hacked the site Hugging Face - has turned into a flood of groups revealing they had discovered instances of AI going out of control. Claude-maker Anthropic, Meta and the UK's AI Security Institute (AISI) have now each reported incidents which seem to paint a worrying picture of a world in which tech going rogue is the norm. In reality, each case offers a window into the risks posed by increasingly capable AI agents - and the importance of testing their limits before they are released to the world. The OpenAI incident has, as Hugging Face's co-founder Thomas Wolf described it , come as a "wake-up call" for the tech industry since it happened at the end of July. It wa...

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Gas prices could remain stubbornly high even after the summer driving season ends, as the world faces a tight fuel market due to a shortfall of refining capacity caused by the wars in Europe and the Middle East. U.S. drivers could see pump prices hit a Labor Day record if Washington and Tehran do not reach an stable agreement on the Strait of Hormuz, said Patrick De Haan, head of petroleum analysis at GasBuddy . Prices set a Labor Day high of $3.83 per gallon in 2012, De Haan said. Motorists are currently paying around $4.06, down from the 2026 high of $4.56 but still 36% above what gas cost on Feb. 27 before the U.S. and Israel attacked Iran, according to AAA data. Prices should ease a bit in the fall as demand softens due to seasonal factors, De Haan said, but the global shortage in refining capacity could result in gas that is unusually expensive for that time of year. The Iran and Ukraine wars have shut down refineries with about 5 million barrels per day of capacity, said Valero ...

Gold’s Loudest Bull Is Quietly Selling His GLD. What Does He Know That You Don’t? Omor Ibne Ehsan Thu, August 6, 2026 at 10:35 AM PDT 4 min read GLD Quick Read Einhorn trimmed GLD into strength while Loeb opened 95,000 shares near the top, two elite managers making opposite bets on gold's direction. With the 10-year real yield at 4.75% and the Fed paused at 3.75%, rising real yields erode gold's appeal and explain Einhorn's macro-consistent trim. Both trades signal gold belongs in portfolios at a lower weight, and the standout lesson is sizing discipline rather than the directional call. Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now . David Einhorn's Greenlight Capital trimmed its stake in the SPDR Gold Trust ( NYSEARCA:GLD ) to 99,611 shares in the first quarter of 2026, while Daniel Loeb's Third Point opened a brand-new position of 95,000 shares in the very same quarter, both disclosures landi...

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Small caps are quietly outperforming the S&P 500 and 'Magnificent 7' this year: AlphaCheck Grace O'Donnell Editor, Special Projects Thu, August 6, 2026 at 7:39 AM PDT 3 min read ^RUT ^GSPC COP ^IXIC CL=F Good morning. Stocks were little changed on Thursday morning in the wait for a Middle East deal, though a decline in software stocks dragged on the Nasdaq Composite ( ^IXIC ) in the first half-hour of trading. Oil prices ( CL=F , BZ=F ) are up, and so is SpaceX ( SPCX ) stock as retail investors buy the dip . But first, a check of the markets in early trading, as of 10:20 a.m. ET, based on a heat map powered by Yahoo Finance AlphaSpace data . The tech sector ( XLK ) was under pressure in early trading but flipped into the green. The iShares Expanded Tech-Software Sector ETF ( IGV ) fell over 2%, offset by a 2% gain in the iShares Semiconductor ETF ( SOXX ). Energy stocks ( XLE ) also rose, mirroring a 1% rise in oil and a lift in ConocoPhillips ( COP ) shares after the...

Jamie Dimon says AI build-out could help unleash 'skunk at the party' for the world economy David Hollerith Senior Reporter Thu, August 6, 2026 at 6:17 AM PDT 2 min read JPM JPMorgan Chase ( JPM ) CEO Jamie Dimon warned on Wednesday that heavy demand for capital could keep inflation elevated, spurring higher-for-longer interest rates. "Inflation is both what people expect, but it's also capital demand, and it seems to me there's a lot of demand for capital," he said in a Wednesday CNBC interview. More from Yahoo Scout What factors could drive higher-for-longer interest rates? How is AI data center spending affecting capital demand? Why did the Federal Reserve face dissent recently? What leverage risks concern JPMorgan's CEO currently? Dimon said "huge infrastructure requirements," global deficits, wars, and remilitarization could add inflationary pressure and push up longer-term bond yields. "I don't know if these things will push the r...

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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 . Is it better to lease or finance a car? What drivers should know. P Penny Gusner Ashley Kilroy Contributing Writer Tue, August 4, 2026 at 10:17 AM PDT 11 min read When you're in the market for a vehicle and you're not paying for it in cash, you might be wondering whether it's better to lease or finance a car. Each option has several advantages and disadvantages. Whether you choose to lease or finance a car usually depends on your preferences and financial goals. Here's a roadmap of how leasing and financing compare, along with the car insurance considerations for each. Learn more: How does car insurance work? The basics explained . Lease vs. finance: Your car-buying options The average new car purchase price was $49,200 in May 2026, according to Kelley Blue Book. Meanwhile, the average used car list price...

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 . What is whole life insurance? How it works. R Robin Hartill, CFP Contributing Writer Cassidy Horton Contributing Writer Tue, August 4, 2026 at 9:45 AM PDT 13 min read Whole life insurance is a type of permanent life insurance that never expires as long as you keep paying premiums. Unlike term life insurance, it also builds cash value you can borrow against while you're alive. But the "lifetime coverage" component of whole life insurance could mean much higher premiums. Let's break down how whole life insurance works and when it makes sense. Whole life insurance at a glance Feature Whole life insurance Coverage length Lifetime, as long as the policy remains in force Cash value Grows at a guaranteed minimum rate Premiums Typically fixed Medical underwriting Usually required Relative cost Much higher than ...

JPMorgan Chief Executive Officer Jamie Dimon warned that leverage across financial markets remains elevated, adding that investors should be mindful that hidden borrowing could amplify market disruptions. 🔥 EXCLUSIVE PARTNER OFFER New Chameleon Ultra Contactless Smart Card Emulator Compatible with NFC Read Writer RFID Smart Chip ID IC Reader Tag Copyer Special Price 💎 Exclusive offer! The product everyone is talking about is now at a special price. 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.cnbc.com/2026/08/06/jpmorgan-jamie-dimon-leverage-market-disruption.html © EcoNews DZ — Global Economic & Financial News

Oil prices dive on hopes that a deal to reopen the Strait of Hormuz will be made soon Nora Redmond Tue, August 4, 2026 at 12:46 PM PDT 2 min read CL=F TMUBMUSD10Y NQ00 ES00 Treasury Secretary Scott Bessent said a deal between the U.S. and Iran could be reached by Tuesday or Wednesday to reopen the Strait of Hormuz. - MarketWatch photo illustration/Getty Images, iStockphoto Oil prices turned sharply lower on Tuesday as a Qatari official and the U.S. treasury secretary talked about a potential short-term deal between the U.S. and Iran that would possibly reopen the Strait of Hormuz. Majed al-Ansari, Qatar's foreign ministry spokesperson, was quoted as saying talks between the U.S. and Iran are "ongoing" and that the focus is on de-escalation and reopening the key waterway. Most Read from MarketWatch If I marry my girlfriend, 67, will she lose her Supplemental Security Income and divorced spouse benefits? The S&P 500 just hit a new high. 'Big Short' investor Mic...

Iran said the U.S. was ready to "return to commitments," while denying that negotiations were ongoing with Washington, after President Donald Trump signaled a deal was in the making. Iran Deputy Foreign Minister Kazem Gharibadadi made those comments in an interview with state broadcaster IRNA on Wednesday, without elaborating on the said commitments, likely referring to the interim understanding reached in June. Under the memorandum of understanding signed on June 17 between the U.S. and Iran, Tehran was supposed to allow commercial vessels to transit the Strait of Hormuz with no charge for 60 days. In return, Washington had committed to lifting its naval blockade of Iranian ships, among other things. Trump had accused the Islamic republic's leaders on Monday stateside of being "duplicitous" about peace talks, saying they were underway "whether Iran wants to admit it or not." Gharibadadi said that, "The path of understanding is between Iran and O...

SpaceX Earnings Live, Aug. 4, 2026: What Elon Musk’s Company Reported and What You Need to Know David Marino-Nachison Tue, August 4, 2026 at 10:49 AM PDT 8 min read SPCX SpaceX reported quarterly results for the first time as a public company today. Credit: Mike Campbell / NurPhoto via Getty Images Today was a big day for Elon Musk and his newest publicly traded project. Musk, chief of Space Exploration Technologies (SPCX), or SpaceX for short, this afternoon revealed the company's quarterly results for the first time since its mid-June IPO. That meant big revenue growth across its divisions, as well as big spending, notably at its AI business. More from Yahoo Scout What are Musk's revenue projections for SpaceX? What drove SpaceX's 92% revenue growth this quarter? How did SpaceX's AI business perform financially? Why has SpaceX stock declined since its IPO? Given its vast ambitions, the precise numbers SpaceX reported revenue and operating losses were better than the ...

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Image source, Pixar By Imran Rahman-Jones Technology reporter Published 5 August 2026 Disney and TikTok have agreed a deal which will allow creators to use clips from Disney films, including its subsidiaries, in their videos. It means clips from hit franchises like Star Wars, Toy Story and the Marvel Cinematic Universe will soon start popping up in videos - which will also be shared on Disney's short-form video platform, Verts. The scheme will be launched in the US before being rolled out to other countries. Neither company shared financial details of the agreement, although it follows the collapse of a $1bn ( 745m) deal between Disney and OpenAI which would have let people use its characters in AI-generated videos. That agreement was cancelled in March when OpenAI shut down its AI video generation tool Sora, citing a decision to focus on other parts of its business. "Today, fans are celebrating our stories in entirely new ways," said Disney's chief marketing and bra...