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California billionaires add millions to bolster fight against wealth tax

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Tech owner Chris Larsen and venture capitalist John Doerr step up efforts to kill proposed 5% levy on the rich 🔥 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 🔥 Limited time offer! Grab your favorite item at an incredible price. Quality guaranteed! 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.ft.com/content/10aba768-20fc-46eb-8503-4658181bffc5?syn-25a6b1a6=1 © EcoNews DZ — Global Economic & Financial News

Ukraine presses drone attacks on Moscow and Russian logistics

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Kyiv launches more than 600 drones at enemy capital in one of its largest assaults of the summer 🔥 EXCLUSIVE PARTNER OFFER Dash Cam 4K UHD Recording Car Camera DVR Night Vision Video Recorder Built-In Wi-Fi Support GPS 24H Parking 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/a71bcea9-b0eb-4ed2-8bc9-f4dace738e37?syn-25a6b1a6=1 © EcoNews DZ — Global Economic & Financial News

Bending Spoons Beats on Earnings in Its Public Market Debut Quarter. Investors Focus on the Fine Print Instead

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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...

SpaceX stock volatility: What to do next if you own shares

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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 . 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...

How economics is changing

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The subject is becoming more inventive and empirical, but questions about reproducibility and AI abound 🔥 EXCLUSIVE PARTNER OFFER 18IN1 Full Color Streamer Car Ambient Lights RGB 64 Color Universal LED Interior Hidden Acrylic Strip Symphony Atmosphere Lamp Special Price 🎯 Best price guarantee! Order now and enjoy fast shipping with global tracking. 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.ft.com/content/ea4d4326-878d-4e9e-9303-466c8a382c60?syn-25a6b1a6=1 © EcoNews DZ — Global Economic & Financial News

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

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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

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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

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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

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'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...

Reddit (RDDT) Is Joining the S&P 500 —What’s Next for the Company?

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Reddit (RDDT) Is Joining the S&P 500 What’s Next for the Company? Angelica Ballesteros Fri, August 14, 2026 at 10:47 PM PDT 3 min read RDDT ^GSPC AVB EQR Reddit Inc. (NYSE:RDDT) saw its share price climb by 12.63 percent on Friday to close at $178.09 apiece following announcements that it would join the S&P 500 beginning next week. In an updated report on Thursday, the S&P Dow Jones Indices said that Reddit Inc. (NYSE:RDDT) is set to become a member of the index beginning Tuesday, August 18, replacing AvalonBay Communities, which is set to be acquired by Equity Residential also an S&P 500 constituent. "We're proud to be added to the S&P 500, recognizing the growth, momentum, and consistency we've established as a public company," Chief Finance Officer Drew Vollero said. Photo by Brett Jordan on Pexels "Reddit's raw materials are special, and there is so much potential to continue building great products and scaling profitably. Our focus r...

Secret outperformer: Dispelling the 'myths' about an unloved stock market

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European equities have historically struggled to ignite the kind of investor enthusiasm enjoyed by U.S. stocks and certain fast-growing Asian markets. The continent has fewer high-growth companies, shallower capital markets and is thought to have a less compelling long-term earnings growth story. A spike in governments' fiscal spending at the beginning of 2025, however, brought the market to life. This year, the story is more nuanced, but the pan-European Stoxx 600 index has proved remarkably resilient. Europe's headline index tracks 600 large, medium, and small capitalization companies across 17 European countries, and is essentially the continent's equivalent of the S&P 500. The Stoxx 600 is up 10% in 2026 so far, slightly behind its North American counterpart, which has returned 13.5% over the same period. How the Stoxx 600 has performed over 5 years. European markets tend to fly under the radar when compared with larger and more liquid U.S. markets, but Goldman Sac...

Can we stop with the public ‘blasterbating’, actually?

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It is now hard to take public transport without having to endure the sound of someone else’s smartphone speaker 🔥 EXCLUSIVE PARTNER OFFER Ordinateur portable Jumper EZbook S7 Hi 15,6 pouces, 12 Go + 256 Go, Windows 11 Intel Comet Lake 5205U Dual Core, prise américaine (gris) 265 ⚡ 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/8c9e43d2-636a-449e-a376-b4b262143e38?syn-25a6b1a6=1 © EcoNews DZ — Global Economic & Financial News

Most US voters say they are worse off under Trump — FT poll

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Democrats lead Republicans on economy just months ahead of midterm elections 🔥 EXCLUSIVE PARTNER OFFER Motorcycle Fog Lights Led Auxiliary Driving Lamp Moto Headlight Spotlights 100W Wired Switch Dual Color Motorcycle Led lights 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/fd40a98d-2a7f-4246-a296-73e956bf03c0?syn-25a6b1a6=1 © EcoNews DZ — Global Economic & Financial News

Red Cat Stock Jumps on Trump Drone Tariff News. Analysts Think It Has 70% More Upside Potential.

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Red Cat Stock Jumps on Trump Drone Tariff News. Analysts Think It Has 70% More Upside Potential. Wajeeh Khan Fri, August 14, 2026 at 12:04 PM PDT 2 min read RCAT Red Cat (RCAT) shares rallied on Friday after President Donald Trump signed a proclamation invoking Section 232 to slap ad valorem tariffs of up to 100% on imported drones and critical components. The sweeping order targets military-grade foreign unmanned systems while imposing a 25% tariff on smaller commercial models as well to strengthen national security. More News from Barchart Analysts Keep Hiking Micron's Revenue and Price Forecasts - Shorting MU Puts Works Here GOOGL Stock Alert: Google Unleashes Its Biggest Weapon Against Apple Sandisk Stock Jumps on Its Investor Day Success. Why Wedbush Analysts Aren't 100% Buying the Story. Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe to...

Historic retailer gets lifeline after warning it could collapse

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Historic retailer gets lifeline after warning it could collapse Fernanda Tronco Sat, August 15, 2026 at 3:07 PM PDT 5 min read Once a destination for some of the world's most selective luxury shoppers, an iconic retailer is facing one of the biggest turning points in its nearly two-century history. Years of financial losses and mounting challenges have put the business under serious pressure, with its owner warning that it could not survive much longer without new investment. Now, after months of uncertainty, the retailer's future is once again hanging in the balance. Founded in 1831, Harvey Nichols is a British luxury department store chain known for its upscale designer fashion, beauty products, fine wines, and gourmet food. The company operated 12 stores worldwide. Harvey Nichols warned it could shut down next year Harvey Nichols' financial challenges intensified this year, prompting its owner, Hong Kong luxury goods businessman Dickson Poon, to put the retailer up for ...

MercadoLibre (MELI) Bets Big On Growth. Is The Payoff Worth The Wait?

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MercadoLibre (MELI) Bets Big On Growth. Is The Payoff Worth The Wait? Maham Fatima Sat, August 15, 2026 at 3:17 PM PDT 3 min read MELI MercadoLibre (NASDAQ: MELI ) just crossed $10 billion in quarterly revenue for the first time, yet the stock sits roughly 30% below its high. That gap between a record top line and a beaten-down share price is the whole story here. On the call covering the quarter ended June 30, held August 5, management laid out exactly why it is choosing growth over profit right now, and investors are still deciding whether to believe them. MercadoLibre (MELI) Bets Big On Growth. Is The Payoff Worth The Wait? Bull Case: Betting On Deeper Engagement Net revenue grew 50% year-over-year in the second quarter, powered by a 44% jump in gross merchandise volume and a 56% rise in total payment volume. The more interesting number sits underneath that headline. A year after MercadoLibre lowered its free shipping threshold in Brazil, items per buyer there climbed 19% year-over...

Why Nvidia’s $500bn investment mobilization is a positive for the stock

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Article about global economy: Why Nvidia’s $500bn investment mobilization is a positive for the stock 🔥 EXCLUSIVE PARTNER OFFER 21/18PCS Car Door Tool Kit Inflatable Air Pump Auto Window Door Open Fixing Gripper Tools Long Reach Kits with Carrying Bag Special Price 🌟 Hot deal! This trending product is flying off the shelves. Get yours before it's too late! 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.investing.com/news/stock-market-news/why-nvidias-500bn-investment-mobilization-is-a-positive-for-the-stock-4861855 © EcoNews DZ — Global Economic & Financial News

Suze Orman says AI could force you out of your job before 65 — and retiring early costs you each year

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Suze Orman says AI could force you out of your job before 65 and retiring early costs you each year Christy Bieber Sat, August 15, 2026 at 8:00 AM PDT 5 min read gettyimages.com / Steve Jennings When making your retirement plans, setting a target retirement age gives you an idea of what your Social Security benefits will look like and how much you need to save each month to hit your nest-egg goal. Unfortunately, many people are making a dangerous mistake when setting their retirement age at least according to finance expert, Suze Orman. 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 Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going Orman has long warned that far too many ...

Prediction markets and sports betting: How this UK exchange is trying to do both in the U.S.

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Smarkets, a UK-based betting exchange, is making its way into the U.S. by pursuing two separate avenues. The company, which was founded in 2008, filed for a license with the Commodity Futures Trading Commission in March . The platform which has over $60 billion in lifetime trading volume also has pending applications to operate as a sportsbook in Illinois, Iowa and Michigan, according to Smarkets founder Jason Trost. "The reason we're doing the dual track is because the legal situation is unclear if the CFTC has federal preemption or not," Trost said. Just like prediction market platforms Kalshi and Polymarket, sports also drives Smarkets' volume, he added. A growing number of states have argued prediction markets are operating as illegal gambling platforms. The CFTC has hit back, however, suing multiple states to block efforts looking to regulate the platforms. Last month, 44 state attorneys general also wrote that the federal agency cannot be the exclusive regulato...