The Global Economic News

Kuwait's army on Thursday said it was confronting hostile missile and drone attacks from Iran, a day after President Donald Trump said that renewed hostilities between the U.S. and Iran would not last "too long." Kuwait advised residents to follow security and safety instructions, adding that that any explosions heard in the country were due to air defense systems intercepting hostile targets. The strikes were targeted at U.S. bases in Kuwait, Iranian state media outlet IRIB said. "I don't think it will [war] be very much longer ... I don't know how much more they [Iran] can take," Trump told reporters on Wednesday, describing the American strikes against Iran on Tuesday as a "very heavy attack," adding that the U.S. was prepared for further military operations "any time we want." Iran had retaliated after the Tuesday strikes, targeting U.S. regional allies Jordan and Bahrain. Reuters reported that top aides to Trump were pushing to ...

RTX Corporation Stock: Is RTX Outperforming the Industrial Sector? Neha Panjwani Tue, September 1, 2026 at 8:27 AM PDT 3 min read RTX RTX Corporation on screen in front of web page_ By Timon RTX Corporation (RTX), headquartered in Arlington, Virginia, provides systems and services for commercial, military, and government customers in the aerospace and defense industries. Valued at $280 billion by market cap, the company offers avionics systems, aviation systems, communications and navigation equipment, interior and exterior aircraft lighting, aircraft seating, environmental control systems, flight control systems, and engine components. Companies worth $200 billion or more are generally described as "mega-cap stocks," and RTX definitely fits that description, with its market cap exceeding this threshold, reflecting its substantial size, influence, and dominance in the aerospace & defense industry. RTX's strength lies in its diversified portfolio, enabling it to lever...

Image source, Getty Images By Emer Moreau Business reporter Published 3 hours ago DIY store B&Q and the fast food chain Five Guys are among hundreds of UK businesses named by the government for paying staff below the minimum wage. More than 600 employers were ordered to pay affected workers the outstanding wages, with 4m returned to workers, according to the Department for Business and Trade. The firms have also been issued penalties worth 7m. B&Q said the underpayments were unintentional and the result of calculations involving geographical allowances, while Five Guys blamed "technical differences in how payroll regulations were applied". The list of 658 businesses includes shops, restaurants, nurseries, social care providers and a handful of NHS trusts. The government did not say over what time period the underpayments spanned. Minimum wage is 12.71 for staff aged 21 and over. For 18 to 20 year olds the rate is 10.85, and for under 18s and apprentices it is 8. B...

South Korea's semiconductor exports have been an absolute boon for Asia's fourth-largest economy, sending overall numbers to a record. But the frenetic pace itself is causing concern about what's next. Semiconductor exports surged 209% from a year earlier to a record $46.65 billion in August, accounting for 47.5% of the country's $98.25 billion in goods exports that month, the Ministry of Trade, Industry and Resources reported earlier this week. That was mainly due to AI infrastructure demand as large cloud providers including Google and Amazon expanded capital spending, it said. "In my estimate, semiconductor exports accounted for nearly 80% of export growth in August," Jeff Ng, head of Asia macro strategy at Sumitomo Mitsui Banking Corporation, told CNBC. "Overall export growth was driven by chips, computers, and higher petroleum product prices." Growth in such figures is generally seen as a positive. But the extremely rapid pace here also raises ...

Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of " Inside India " your one-stop destination for stories and developments from the world's fastest-growing large economy. India's quarterly economic growth has exceeded expectations several times over the past year, defying a bleak global trade environment, high energy prices and geopolitical uncertainties. But this has failed to boost the country's key stock benchmarks, which have been among the worst-performing major indexes globally. I spoke with experts to understand what's behind that disconnect. Any thoughts on today's newsletter? Share them with the team. India is beating growth expectations even as major economies such as the U.S ., China and Japan are seeing a slowdown. But the country's key stock benchmarks are struggling to reflect that strength, hinting at a festering disconnect between markets and the economy. On Monday, the Indian economy surpris...

Stocks making the biggest moves premarket: VRT, SIRI, DELL, MDB Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves premarket: Vertiv The AI infrastructure company's shares slid less than 1% after it announced the $1.45 billion acquisition of UtilityInnovation Group. The deal also includes up to $1.15 billion in additional consideration tied to achieving EBITDA targets over 12- and 24-month periods, according to the company's press release. The acquisition will help data centers secure power faster. Sirius Shares of the audio entertainment company rose more than 3% after Deutsche Bank upgraded the stock to buy from hold with a $45 price target, implying more than 60% upside from current levels. Dell Technologies Shares of the computer maker jumped 8% in the premarket session after beating expectations on both lines on Tuesday. Dell also lifted its forecast for ...

President Donald Trump is slated to host Chinese leader Xi Jinping at the White House, and the stakes are sky high but some China watchers are once again keeping their expectations low. That's even as the Iran war could loom larger than ever over the leaders' talks, in light of a new U.S. plan to aggressively sanction Iran's business partners potentially including China, by far Tehran's biggest trading partner. But while the war threatens to rattle the superpowers' fragile relations, it may end up a smaller slice of the conversation, as it appeared to be when Trump and Xi met in Beijing four months ago. At that summit, Trump and a coterie of corporate leaders were lavishly feted by the Chinese but left with few concrete business deals or clear breakthroughs on the thorniest geopolitical issues, including Iran and Taiwan . This time, both sides still seem interested in avoiding moves that would risk torpedoing their current trade truce. "The relationship increa...

Image source, Reuters Image caption, While much of the gold was sold in New York and then repurchased in London, more than 27 tonnes was physically moved to the UK By Henry Moore Published 3 hours ago The Dutch central bank (DNB) has confirmed that billions of dollars in gold has been taken out of north America and relocated to London, citing "increasing geopolitical unrest". DNB said on Wednesday that 86 tonnes of gold had been removed from the US and Canada in a complex operation that took several months. It is now being held by the Bank of England, where the precious metal can be traded more easily "in a crisis situation". Bank president Olaf Sleijpen said the move was "necessary to strengthen our resilience and preparedness". The decision comes amid an ongoing trade dispute between the US and Canada, with both countries announcing fresh tariffs on each other after failed trade talks. DNB said the transfer, which took place between March and August, sa...

How to tell if you’re a poor, middle-class, or rich US boomer and the big thing to do now if you’re way behind Vishesh Raisinghani Tue, September 1, 2026 at 4:45 AM PDT 7 min read Harmony Video Production/ Shutterstock Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. If you've read recent headlines, you're probably convinced everyone beyond the age of 60 is extremely rich. After all, the Washington Post (1) called the baby boomers the "wealthiest generation in history" last year. From gold-plated pensions to excessively large homes, boomers apparently have it all. 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 ...

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Image source, Getty Images By Shanaz Musafer , Business reporter and Kevin Peachey , Cost of living correspondent Published 9 January 2025 Updated 6 hours ago UK government borrowing costs have been rising, with some now at their highest level since 1998 as investors around the world worry about inflation. Why is this happening and how does it affect you? What's happening in the bond markets? A bond is a bit like an IOU that can be traded in the financial markets. Governments generally spend more than they raise in tax so they borrow money to fill the gap, usually by selling bonds to investors. As well as eventually paying back the value of the bond, governments pay interest at regular intervals so investors receive a stream of future payments. UK government bonds - known as "gilts" - are normally considered very safe, with little risk the money will not be repaid. They are mainly bought by financial institutions, such as pension funds. Interest rates - known as the yiel...

Image source, EPA/Shutterstock By Faisal Islam Economics editor Published 2 hours ago It is not just the wildfire burning in the bond markets, with many countries facing interest rates at multi-decade highs. The markets lending money to governments appear to be changing more fundamentally too. Over summer, the message has been made clear: countries will have to pay more to borrow cash. The immediate reason is the ongoing closure of the Strait of Hormuz and renewed hostilities between the US and Iran, which has pushed up inflation and, in turn, raised expectations of higher interest rates in the world's major economies. Markets had assumed tensions would subside, and so too would oil and gas prices, ahead of the US midterm elections in November. It was wishful thinking, based on the hope that US President Donald Trump would want the conflict in the Middle East resolved well before Americans go to the polls. But that has not happened, leaving markets pricing in higher energy prices,...

New York Federal Reserve President John Williams said Wednesday that the recent surge in Treasury yields is the product of a strong economy, not market dysfunction. The central bank policymaker added in a CNBC interview that he's still absorbing economic data, and did not commit on whether he thinks an interest rate hike is necessary. "I think that we have to wait and see," Williams told CNBC's Steve Liesman during a " Squawk Box " interview from the New York bank's headquarters in lower Manhattan. "There's no clear signs right now whether monetary policy currently is sufficient to make sure we bring inflation back to target in the next year or two, or whether you need to see further action to do that." "The [inflation] data recently have been encouraging towards that, but again we can't just look a month or two. We've got to get a full picture and and look at all the all the different pieces of information we have," he a...

Artificial intelligence is taking center stage at the G20 gatherings this week. Nvidia CEO Jensen Huang, Anthropic Co-Founder Tom Brown and OpenAI CEO Sam Altman highlight the tech-focused guests on Wednesday for day 2 of the G20 Innovation Ministerial in Chapel Hill, North Carolina. Commerce Secretary Howard Lutnick and White House Office of Science and Technology Policy Director Michael Kratsios are leading the conference, which gathers representatives of the G20 nations , including China, Brazil, Canada, Germany and others. Meta CEO Mark Zuckerberg and Tesla / SpaceX CEO Elon Musk were among the tech titans at Tuesday's session. Anthropic co-founder Tom Brown said he "really loved" a post from President Donald Trump on data centers this week that said communities opposing the new builds must want to be " backwards and poor ." "He was pointing out that the data centers are just an enormous source of prosperity. They produce a ton of jobs. They reduce tax...

Berkshire Hathaway's CEO Greg Abel said that rising yields in Japan isn't impacting the major trading houses in the country the holding company has stakes in. In an appearance on CNBC's " Squawk Box " on Wednesday, Abel said that while high yields are topical in Japan with the nation's 10-year bond yield hitting a 30-year high this week it's manageable, at least for major trading firms in the country. "Not a single one of the trading companies raised it as a fundamental challenge right now," he said. "They're still relatively modest when you think about it," Abel added, noting that Japan's yields, while at multi-decade highs, are still low relatively to other bond yields across the world. While Japan's multi-decade high in its 10-year bond yield is just above 3%, the U.S. 10-year Treasury Yield hit an almost three-year high on Tuesday when it crossed 4.8%. Japan bond yield in 2026 Berkshire Hathaway has a greater than 10% s...