The Global Economic News

Image source, Getty Images By Lucy Hooker Business reporter Published 23 August 2026, 00:00 BST Updated 9 hours ago Higher energy bills this winter mean the government should step in to provide more help for households most in need, the body representing energy firms in the UK has said. Stubbornly high prices over the last few years have left some people needing "emergency support" over and above the existing 150 Warm Home Discount, Energy UK said. A "better targeted" support scheme that takes into account someone's income, health and energy consumption was needed, it added. On Wednesday, the energy price cap for October onwards will be announced by regulator Ofgem and is expected to hit a three-year high. A government spokesperson said that in addition to the Warm Homes Discount it was cutting VAT on electricity bills and would do "everything we can" to shield consumers from global energy shocks. Energy UK chief executive Dhara Vyas said: "Suppl...

Rachel Cruze and George Kamel share the spending 'clues' that reveal if you're broke, average or wealthy Rebecca Payne Sun, August 23, 2026 at 10:00 AM PDT 6 min read youtube.com / The Ramsey Show Highlights It's always helpful in life to take a step back and look at the big picture and it's not a bad idea when it comes to your finances, either. The day-to-day management of money can sometimes cloud what's happening as a whole. So, to help you gain perspective on what your spending, saving and investing habits say about where you're at, " The Ramsey Show " co-hosts Rachel Cruze and George Kamel offered up "clues" to determine where you're at in terms of financial wellness. 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...

Walk the halls of any major banking conference or listen in on a quarterly earnings call, and one topic keeps coming up: With the window for mergers wide open under the Trump administration, who will take a swing? After years on the sidelines because of regulatory restrictions, large banks can once again contemplate buying other lenders, even a $100 billion-plus-asset regional bank. While JPMorgan Chase and Bank of America are barred from such a deal because they already have more than 10% of national deposits, there are two megabanks that could pursue a large acquisition: Citigroup and Wells Fargo . The nation's third- and fourth-largest banks have enough room under the national deposits cap to pursue a hefty regional bank, according to investment bankers, consultants and investors. "Two years ago, it was impossible for a bank of that size to get approval to acquire almost anything," said Brian Graham , co-founder of advisory firm Klaros . "Now, it's possible t...

Rocket Mortgage pushes home equity loans to wipe out credit card debt here's how that could backfire on homeowners Vawn Himmelsbach Sun, August 23, 2026 at 8:00 AM PDT 6 min read Geber86/Shutterstock With many Americans feeling financially squeezed at the grocery store and at the gas pump, it's not surprising, perhaps, that they're increasingly using credit cards to cover the bills. U.S. credit card balances rose to a total of $1.263 trillion in Q2 2026, up $1.242 trillion at the beginning of the year, according to the latest consumer debt data from the Federal Reserve Bank of New York . 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 2028. Here are...

Norway plans to give another 85 billion Norwegian crowns ($9.2 billion) in financial support to Ukraine in the 2027 fiscal year, in line with the amount given in 2026, the Nordic country's government said in a statement on Sunday. Norwegian Prime Minister Jonas Gahr Stoere and leaders from across the Nordic and Baltic region are visiting Kyiv on Sunday in a show of support for Ukraine in the war with Russia. Norway's donation will be for both military and humanitarian spending, Stoere was quoted as saying in the text of a speech released by the government in Oslo. "Supporting and rebuilding Ukraine is not assistance alone. It is an investment in Europe's own security," Stoere said. In comments published on Saturday, Russian President Vladimir Putin said that Kyiv had opened a "Pandora's box" with its strikes on Russian economic targets and that Moscow would hit back at Ukraine's "most sensitive economic sectors". Russia and Ukraine are...

The Bond King Goes Bananas Over Nvidia's $500 Billion Move. How It May Be Affecting Your Portfolio. Rob Isbitts Sat, August 22, 2026 at 6:00 AM PDT 5 min read NVDA BLK The title of the "Bond King" is somewhat in contention. Many would give it to Bill Gross, though over the years, a younger Jeffrey Gundlach has at least shared the title. In any case, when Gundlach posts something like this, it is worth . . . peeling back, shall we say? www.x.com Gundlach took aim at Wall Street's newest financial engineering trend. His beef? Nvidia's (NVDA) agreement with major private credit and asset management firms such as Apollo, BlackRock, Blackstone, KKR, and Goldman Sachs. More News from Barchart Nvidia Q2 Preview: Strong Earnings and Low Valuation Set the Stage for Upside Third Point Starts to Raise Alarm Bells on Broadcom After Dumping AVGO Stock in Q2 A $28.7 Billion Reason to Buy SK hynix Stock Now Tired of missing midday reversals? The FREE Barchart Brief newsletter k...

NEWARK, New Jersey Scott Kirby says he doesn't believe in revenge. "Everyone thinks I do, but no, I don't," said the United Airlines CEO, whom American Airlines fired 10 years ago , when he was president of that carrier. "I compete aggressively." United announced it had hired him as president on Aug. 29, 2016, a blink after American disclosed his departure. Now, Kirby is running the second-most profitable U.S. airline after Delta Air Lines . And his former employer, American, is a distant third of the big, more-than-century-old, U.S. carriers, though it's working to ramp up revenue through a host of upgrades, including bringing back seatback screens . Kirby floated the idea of megamergers with both Delta and American in the past year, combinations that would bring together some of the biggest airlines in the world. He's so far been rebuffed, and antitrust experts were skeptical about the possibility. He's thinking bigger than he has before as th...

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A small power plant in the U.K. was shut down for four days in July following a cyberattack carried out by hackers linked to Iran, The Telegraph newspaper reported Sunday. The paper said the incident happened around the time that U.S. authorities including the Federal Bureau of Investigation warned about malicious cyber actors targeting water facilities across at least seven states. The Cybersecurity and Infrastructure Security Agency, FBI, Environmental Protection Agency and other agencies blamed Iran .. A U.K. government spokesperson declined to attribute blame for the reported power outage or identify the facility. "This story refers to an incident impacting a small-scale energy generator, and at no point was there a risk to the wider energy system," the spokesperson told CNBC in a statement. "The U.K. has a highly resilient energy system. We work closely with the energy sector to protect infrastructure and ensure the highest security standards." The government...

A stolen wallet gives thieves access to your identity and finances here's what to do before the damage spreads Paul Kim Sat, August 22, 2026 at 3:00 AM PDT 5 min read StockLab/Shutterstock In April 2026, wallets, purses, and other belongings started disappearing out of cars parked around fitness centers across Fairfax County in Alexandria, Virginia, according to The Alexandria Brief . In late June, the Alexandria Police Department arrested a man who they say was taking these belongings from unlocked cars and using stolen credit cards to purchase gift cards at nearby retailers before the victims realized their things had been stolen. While cash and credit cards are the obvious targets in wallet theft, your personal identification may be even more valuable in the wrong hands. Documents often found in your wallet, like your social security card, driver's license, and health insurance card can give thieves access to your identity and finances. If left unchecked, you could be liabl...

Couple finds $5 on the ground and wins $400,000 after buying a lottery ticket what experts say they should do next Emma Caplan-Fisher Sat, August 22, 2026 at 2:45 AM PDT 5 min read Yevhen Prozhyrko/Shutterstock Sometimes the best financial decisions start with a lucky break. For one couple, both 26 years old, that break was a $5 bill they found on the ground during a vacation which they used to buy a lottery ticket that won them $400,000. The husband called into The Ramsey Show last week, where financial experts George Kamel and Dr. John Delony were hosting, to get advice on what they should do with the money. 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 202...

Micron (MU) Fell 7%. Is the AI Memory Trade Now Too Expensive? Jeff Lewis Fri, August 21, 2026 at 5:12 PM PDT 4 min read MU Micron Technology, Inc. (NASDAQ: MU ) fell 7% to $940.76 on August 19 amid a semiconductor selloff as rising bond yields increased scrutiny of highly valued AI stocks. The Philadelphia Semiconductor Index dropped 5%, and Micron's decline followed an almost 18% gain over the previous five sessions. Even after the reversal, the shares have more than tripled in 2026. The operating story remains exceptionally strong, including $22 billion of projected cash deposits and related financial commitments under multiyear supply agreements, approximately $18 billion of which will be cash deposits. For Micron Technology, Inc. (NASDAQ:MU), the question is whether those contracts have made the memory cycle durable enough to support a valuation whose staying power depends heavily on sustained AI demand. Micron Technology, Inc. (NASDAQ:MU) says the agreements provide unusual ...

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Microsoft vs. Broadcom: One Has 85% Upside, But I'm Picking the Other Rick Orford Fri, August 21, 2026 at 4:00 PM PDT 5 min read MSFT AVGO Microsoft headquarters By Peter With an AI market that's still this hot, I can't really blame investors when they start pitting different companies against each other like some battleboarding forum. One of the most common matchups I'm seeing is between Microsoft (MSFT) and Broadcom (AVGO). And you know what's funny? More News from Barchart Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. While both companies have a seat at the top of the tech industry, they're on different sides of the table. In fact, I'd go as far as to say that they're on different tables altogether. But that does beg the question: Just how different are these two titans - and which one offers the better growth opportunity for investors moving ...

BitFuFu (FUFU) Increased Hashrate Allocated to Self-Mining 47%. Why Did Revenue Collapse 63%? Jeff Lewis Fri, August 21, 2026 at 2:56 PM PDT 4 min read FUFU BTC-USD BitFuFu Inc. (NASDAQ: FUFU ) reported a quarter that exposed the difference between producing more Bitcoin and making more money from it. Second-quarter revenue fell 62.9% year over year to $42.8 million, while a $20.5 million net loss replaced a $47.1 million profit. Yet average hashrate allocated to self-mining rose 47%, helping lift self-mined production 34% to 192 Bitcoin. Shares closed 11% lower at $1.29 on August 17 after the results. For BitFuFu Inc. (NASDAQ:FUFU), the question is whether shifting more computing power toward self-mining creates operating leverage or simply increases its exposure to Bitcoin prices and network difficulty. The largest hole was cloud mining, historically the company's biggest revenue source. Cloud Mining Solutions revenue plunged 73.6% to $24.9 million. BitFuFu attributed the declin...

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Adobe Stock Has Soared 45% From Its 2026 Lows, But It May Already Be Too Late to Buy ADBE Mohit Oberoi Fri, August 21, 2026 at 1:52 PM PDT 4 min read ADBE MRVL The Adobe logo on a smartphone screen by filins via Adobe Stock Adobe (ADBE) stock has whipsawed this year amid the ongoing debate over the disruption of artificial intelligence (AI) in regard to legacy software companies and their business models. ADBE stock fell to a low of $190.12 following the company's fiscal second-quarter 2026 earnings release in June, but shares have since rebounded 45%. To be sure, Adobe's Q2 earnings were better than expected, and the company also raised its annual guidance. That's what markets ask for in earnings calls, and they usually send stocks north on such reports. However, during the earnings call, Adobe also announced that CFO Dan Durn would depart the company to join Marvell Technologies (MRVL). Previously, during the Q1 earnings call, Adobe had announced the departure of long-ti...