The Global Economic News

The rise of equity-rich tech workers at Anthropic and OpenAI is shifting negotiating power towards clients 🔥 EXCLUSIVE PARTNER OFFER Personalised Dual Lens Flip Up Helmets Motocross Racing Modular Cascos Para Moto Men Women Fashion Full Face Motorcycle Helmet 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.ft.com/content/aa0ca006-5af4-4f94-9789-3e56f9f53e1d?syn-25a6b1a6=1 © EcoNews DZ — Global Economic & Financial News

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 . Mortgage rate predictions through 2030: Will the market crash? Hal Bundrick, CFP Senior Writer Thu, August 13, 2026 at 9:31 AM PDT 6 min read Mortgage rates have been higher in the last few years. But where are rates headed in the next five years, and should you wait for mortgage rates to fall significantly before buying or refinancing? Mortgage interest rates are determined by several factors , all of which can give us clues about the future. Let's take a closer look at mortgage rate predictions over the next five years. Here are the housing market predictions for 2026. Mortgage rates are tuned to the government bond market One of the most useful indicators for predicting mortgage rates is the yield on the 10-year U.S. Treasury note . Mortgage rates and 10-year Treasury yields typically move in the same direction, a...

BEIJING Yangtze Memory Technologies is rapidly gaining market share in a critical chip sector, according to Counterpoint Research. The company, also known as YMTC, landed in third place by shipments globally in the second quarter, behind South Korea's Samsung and SK hynix but beating out U.S. rival Micron and Japan's Kioxia, Counterpoint data released Wednesday showed. That's when looking at the NAND memory segment, which contributes about one-fourth of Micron's revenue. NAND chips retain data even when devices are powered off but are slower than DRAM memory chips, which operate more quickly at a far higher cost , forming about three-fourths of Micron's revenue . YMTC reached third place with a 14% share, the report said. It narrowly beat Kioxia a year ago, but fell back behind in following months, Counterpoint Research Director MS Hwang said. "YMTC is projected to pull further ahead in 2027 and 2028. From that perspective, YMTC achieving third place this quar...

Iran is set to join the BRICS New Development Bank, the country's central bank chief said Thursday, as Tehran seeks to shore up its economic alliances almost six months into its war with the U.S. and Israel. The BRICS alliance was set up in 2006 by founding members Brazil, Russia, India and China, with South Africa joining in 2010. It has since expanded to include Iran, Egypt, Ethiopia, Saudi Arabia, the UAE and Indonesia, with various other nations including Belarus, Cuba and Nigeria joining as partner countries. Iranian state media reported Thursday that Abdolnasser Hemmati, governor of the Central Bank of Iran, had announced Iran would soon become a member of the BRICS Bank. Hemmati is currently in India ahead of next month's BRICS Summit, according to Iran's Tasnim News Agency. "We are seeking to establish bilateral and trilateral monetary cooperation with member states," Hemmati said, per Tasnim's report. The NDB was established by Brazil, Russia, India,...

Steve Eisman is warning that the artificial intelligence boom has become increasingly dependent on the fortunes of just two companies: OpenAI and Anthropic. The investor, best known for his bet against the housing market ahead of the global financial crisis, said the two AI startups account for roughly 70% of AI-related revenue at Microsoft , Amazon , Alphabet 's Google and Oracle and as much as 25% to 35% of their cloud revenue. "The futures of these massive companies, in a sense, are a bet that OpenAI, Anthropic are going to succeed," Eisman said late Tuesday on CNBC's " Fast Money ." "The Real Eisman Playbook" podcast host and former Neuberger Berman senior portfolio manager believes that the biggest revenue threat could come from China, as Chinese open-source AI models are significantly cheaper and appear to be gaining market share. "The Achilles heel of this whole story ... is if something bad happens to Anthropic and OpenAI ... the Chin...

Stocks making the biggest moves premarket: TPR, YETI, BLSH, STUB, CBRS Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves in premarket trading: Tapestry The parent of Kate Spade and Coach dropped 7% on underwhelming results for the fiscal fourth quarter . Tapestry earned $1.32 per share on revenue of $1.88 billion. While earnings were above the FactSet consensus of $1.28 per share, revenue only just exceeded a $1.87 billion estimate. The company did increase its quarterly dividend to 46.25 cents per share from 40 cents per share Yeti The drinkware and cooler maker slipped nearly 4% after the company reported mixed second-quarter results. Yei earned an adjusted 67 cents per share, topping a FactSet consensus estimate of 54 cents per share. Revenue, meanwhile, came in at $483.9 million, just above a $483.8 million estimate. Birkenstock The U.K.-based shoe company jumped...

The U.K. economy is showing further signs of a long-awaited rebound, but the picture is complicated by the fallout from the Iran war and high energy prices. Brits have spent more than expected in recent months amid hot weather, a strong performance in the FIFA World Cup and an uptick in business confidence. Official data published Thursday showed the U.K. economy grew by 0.4% in the second quarter, following 0.6% expansion in the first quarter. Business investment increased by 1.7% in the same period, defying the forecast in a Reuters poll of economists for a 0.5% decline. The figures keep the country on track to record the strongest growth of any G7 nation for a second straight quarter, Sanjay Raja, Deutsche Bank's chief U.K. economist, said Thursday. Raja said the latest figures brought the annualized growth rate across the first half of the year to a "scorching" 2%. "Some slowdown remains likely," Raja added, particularly as higher prices at the pump squeeze...

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 . Are you saving enough for retirement? Here's how to tell. Ivana Pino Senior Writer Tue, August 11, 2026 at 11:46 AM PDT 4 min read Most experts suggest that you should aim to save 15% of your pretax income each year for retirement. Fidelity, for example, recommends having 1x your annual salary by age 30 and working your way up to 10x to 12x your annual salary by the time you hit retirement age. But the real answer may not be so clear-cut. According to Vanguard's "How America Saves 2026" report, the average participation rate across Vanguard's plans was 86% in 2025, an increase of 5 percentage points since 2017. However, when it comes to meeting retirement savings targets of 12% to 15%, only 51% of participants meet those thresholds. Read more: How much money should I have saved by 50? How to tell if...

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Article about global economy: Who is Anthropic’s auditor — and why should we care? 🔥 EXCLUSIVE PARTNER OFFER 3 in 1 Wireless Charger Stand For iPhone 12/13/14/15/16/17 Fast Charging Station for Apple Watch 10 9 8 7 6 5 4 Airpods 2 3 Pro Special Price ⚡ Flash sale! Get the best deals on AliExpress today. Hurry, stocks are limited! 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.ft.com/content/b93d8030-203b-4445-b4a7-49e52d9b17a5 © EcoNews DZ — Global Economic & Financial News

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 compound interest, and how is it calculated? Learn how to calculate exactly how much your bank account will earn. Kate Rockwood Tue, August 11, 2026 at 12:30 PM PDT 4 min read One of the upsides to keeping your money in a bank account is the chance to earn compound interest you earn interest on both the funds you deposit in an account and on the interest that money earns. On the flip side, when you use a credit card, you're charged interest on the unpaid interest. While compound interest increases the cost of borrowing, it's your best friend if you're trying to build up your savings. Here's how compound interest works. See how much your savings can grow over time with our compound interest calculator Simple interest vs. compound interest With simple interest, you earn interest only on the money yo...

The race to be the next secretary-general is nearing a climax. What does it mean for the body overseeing the world’s rules? 🔥 EXCLUSIVE PARTNER OFFER UPS System Robot Window Cleaner Vacuum Smart Home Appliance Auto Clean Glass Windows Washer Window Washing Electric Floor Mops Special Price ✨ Special deal alert! Don't miss this amazing product with top-rated reviews worldwide. 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.ft.com/content/8349e039-a02c-4586-92d8-7f95d3fcd15a?syn-25a6b1a6=1 © EcoNews DZ — Global Economic & Financial News

South Korea's Kospi has staged a reversal from its latest rout, returning to bull-market territory as investors pile back into the country's semiconductor giants that dominate the index. The benchmark has climbed more than 20% from its July low, the commonly used threshold for a bull market, after a rout driven partly by leveraged positions and forced selling pushed it into bear-market territory last month. The speed of the turnaround underscores the massive volatility in tech stocks and raises a bigger question: How much longer will the South Korean rally last? For bulls, the answer rests largely on whether the fundamentals behind Korea's semiconductor giants can keep pace with increasingly optimistic expectations. Strong U.S. technology earnings and continued commitments to AI infrastructure spending have helped revive confidence that demand for memory chips will remain robust. "The AI rally and continued strong earnings have been a constant during the sell-off, so ...

Iranian authorities have pushed back on U.S. President Donald Trump's repeated claims that Washington has "total control" over the Strait of Hormuz. On Wednesday stateside, Iran's Persian Strait Gulf Authority said in a post on X that "Claims and repeated posts by U.S. officials that the Strait of Hormuz is no longer blocked do not change the reality: the Strait of Hormuz remains blocked and will not be reopened until Iran's conditions are accepted." Trump had said in a Truth Social post earlier that "The U.S.A. has total control over the Strait of Hormuz. I THINK WE WILL KEEP IT!" While both sides continue to make contrarian claims, data from trade intelligence firm Kpler showed that ship traffic through the Hormuz waterway is near a 3-month low. Vessel transits sat at a 5-day average of around 13 on Tuesday, nearly the lowest level since May 12, according to a CNBC analysis of data provided by the trade intelligence firm Kpler. This includes...

Image source, AFP via Getty Images Image caption, Twitch says "nobody would opt in" if the option was turned off by default By Osmond Chia Business reporter Published 1 hour ago Twitch is now allowing users to stop Amazon from training their generative artificial intelligence (AI) models using users' content, the popular streaming platform said. The US company said users can opt out of a default setting that allows Amazon to use streams, clips, images, chats and other channel content. The announcement on Wednesday confirmed that the technology giant, which took over Twitch in 2014, was using the platform's content for AI training, prompting widespread backlash from users. Amazon runs a host of AI services and has heavily invested in the its development as it seeks to compete with Google, Meta and other technology giants. The BBC has contacted Amazon for comment and Twitch for more information. Twitch is a major livestreaming platform that is especially popular among ...

Why Oklo's First-Ever Revenue Is Not Enough to Stop OKLO Stock's Decline Pathikrit Bose Tue, August 11, 2026 at 8:08 AM PDT 4 min read OKLO GOOG MSFT META AMZN At Dusk Thermal Power by hrui via Shuttershock Nuclear is increasingly becoming a preferred source of clean energy for hyperscalers like Microsoft (MSFT), Meta (META), Amazon (AMZN), and Alphabet (GOOGL) (GOOG). Oklo (OKLO), a company backed by OpenAI CEO Sam Altman, is a key pure-play operator in this industry. Known for developing advanced fission power plants and small modular reactors (SMRs), Oklo recently reported its first-ever revenues along with its Texas facility reaching criticality. Yet, that was not enough to significantly arrest this year's decline in the company's shares. More News from Barchart Vistra Corp (VST) Stock's Underperformance Could Open Up a Contrarian Options Trade The Biggest AI Power Opportunity May Be Hiding in Constellation Energy What Was Driving Markets Early Monday Morning? ...

Stock futures were little changed on Wednesday nights as traders awaited more inflation data and weighed fresh earnings reports. Dow Jones Industrial Average futures traded just over the flatline. S&P 500 futures fell marginally, while Nasdaq-100 futures slipped 0.1%. In Asia, South Korea's Kospi rose 4% on Thursday. Japan's Nikkei 225 added 1.5%, while Australia's benchmark S&P/ASX 200 was down 0.12%. The July reading of the U.S. producer price index, which gauges what wholesalers pay for raw goods and materials, is set for release Thursday at 8:30 a.m. ET. Economists polled by Dow Jones expect an increase of 0.2% from the prior month. The PPI report comes a day after an in-line reading on the consumer price index . CPI for July increased by 0.1% month over month, matching expectations. The tame report gave the S&P 500 a boost, with the benchmark closing higher for the first time in three sessions. The report led to traders paring expectations for a rate hike ...