The Global Economic News

Hims & Hers (HIMS) CEO Says the FTC Doesn’t Understand His Own Company Fatima Gulzar Fri, August 28, 2026 at 10:47 AM PDT 3 min read HIMS On August 18, 2026, Hims & Hers Health, Inc. (NYSE: HIMS ) CEO Andrew Dudum told CNBC that a Federal Trade Commission lawsuit over the company's data-sharing and subscription practices "misunderstands how the company works." He defended the company's compounded GLP-1 drug sales as having helped lower prices for weight-loss treatments. Why This Matters Hims & Hers is fighting a federal regulator's characterization of its core business at the same time it's trying to expand into AI-driven healthcare tools. That raises the real question: is the FTC's lawsuit a real threat to how Hims & Hers operates, or a misreading of a business model regulators don't fully understand yet? Hims & Hers (HIMS) CEO Says the FTC Doesn't Understand His Own Company Strong Fundamentals Give Hims & Hers Leverage Am...

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Stocks making the biggest moves premarket: PYPL, AFRM, GAP, MRVL Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves premarket: PayPal Shares plunged nearly 16% for the company after Bloomberg reported Thursday night, citing people familiar with the matter, that buyout firm Advent and payment processor Stripe decided to not pursue PayPal . The deal would have been one of the largest leveraged buyouts, the sources told the outlet. Affirm The buy now, pay later company jumped 13% after it reported $1.17 billion in revenue for the fiscal fourth quarter, topping an LSEG estimate of $1.11 billion. The company's first-quarter guidance for revenue is also above estimates. Gap Shares popped nearly 15% after the retail company announced Michael Francis will take the helm at Old Navy, starting Nov. 2. He succeeds Haio Barbeito, who has been the CEO since 2022. Adjusted earni...

Kevin Warsh's keynote speech at the central bank's annual symposium in Jackson Hole, Wyo. has altered investors' outlook for an interest rate hike in September after the Fed chairman said he was committed to fighting inflation. Traders on prediction market platform Kalshi now believe there are 48% odds that the Fed will hike rates by 25 basis points. Before Warsh's speech, odds that the central bank would maintain the status quo in September were nearly 70%. ' Traders of fed funds futures now see a nearly 56% chance of a quarter-point hike in September, per the CME's FedWatch tool . And on Polymarket , speculators indicated 49% odds that the Fed raises rates. After the Fed's July meeting, investors were fairly certain of a rate hike in September, especially considering that three members of the Federal Open Market Committee disagreed with the majority's decision to keep interest rates steady. Those three members, instead, argued rates needed to m...

This might be remembered as a moment when the central bank switched approach 🔥 EXCLUSIVE PARTNER OFFER BAOFENG UV-5R Mini Walkie Talkie Multi Band Bluetooth Programming Wireless Copy Frequency 999CH AM FM Long Range Two Way Radio 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.ft.com/content/4319c6b7-5a25-41a7-836f-ca068ac4fe60?syn-25a6b1a6=1 © EcoNews DZ — Global Economic & Financial News

Those aren't initials or Greek life letters. They're some of the terms that economists, corporate leaders and politicians are using as they attempt to define the U.S. current economic moment. Ever since the recovery from the pandemic, a consensus among economists has viewed the economy as acting in a "K"-shape , displaying an unequal expansion for different groups and the arms of the "K" heading in opposite directions. Now there's a debate over whether the K-shaped recovery still exists, or if the economy instead resembles the letter "C" or "E." "This is some of the alphabet soup," said Joel Mokyr, a Nobel Prize-winning economic historian at Northwestern University. The race to label the structure of today's economy involves more than semantics or bragging rights. In recent years, the divergence among low- and high-income consumers expressed in a K-shaped economy has been top of mind for politicians, monetary policymake...

The 9th U.S. Circuit Court of Appeals rejected prediction market platforms' requests for injunctive relief against the Nevada Gaming Control Board, concluding that sports-related event contracts are not a derivative regulated by the federal government. The court rejected appeals by Kalshi and Crypto.com , two prediction market platforms, to stop Nevada from halting their operations which the state claims are gambling offerings outside of the gaming control board's framework. The court also ruled against Robinhood's request for injunctive relief. That firm also features event contracts on its trading platform. Under scrutiny were the platforms' sports-related event contract offerings, which 44 states argue are nothing more than sports betting. However, the platforms and their federal regulator, the Commodity Futures Trading Commission claim all event contracts, no matter the topic, are swaps. Swaps are a type of derivative under the purview of the CFTC, and the agenc...

Article about global economy: What do households want from the UK Budget? 🔥 EXCLUSIVE PARTNER OFFER New R36 ultra retro handheld game console 4.0-inch open-source Linux system 128GB portable video player handheld game console 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.investing.com/news/economy-news/what-do-households-want-from-the-uk-budget-4881983 © EcoNews DZ — Global Economic & Financial News

72% of homebuyers have paused their search waiting for lower mortgage rates and 41% already regret it Godwin Oluponmile Sat, August 29, 2026 at 8:00 AM PDT 5 min read If you're waiting for mortgage rates to fall before buying a house, there's a decent chance the number you're watching is out of date, and you're not alone in this. A poll commissioned by Neighbors Bank a Columbia, Mo., lender specializing in loans for first-time buyers and others the mortgage market tends to pass surveyed 1,000 potential buyers. Most buyers couldn't say where rates stood while they waited. Only 35% could place the average 30-year rate in the right range, and 45% overshot. 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 bre...

Article about global economy: Kevin Warsh tries being a normal central banker 🔥 EXCLUSIVE PARTNER OFFER CENRR 998000PA Car Vacuum Cleaner Powerful Portable HandHeld Vacuum Cleaner For Car Wireless Cleaner Robot Car Accessories 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.economist.com/finance-and-economics/2026/08/28/kevin-warsh-tries-being-a-normal-central-banker © EcoNews DZ — Global Economic & Financial News

Iranian trade has fallen sharply under U.S. sanctions and a naval blockade, President Masoud Pezeshkian said, as Supreme Leader Mojtaba Khamenei urged a reduction in reliance on the U.S. dollar. "We have had a decrease of between 25% and 35%. Our exports have decreased, but imports have decreased more," Iranian President Masoud Pezeshkian said in an interview late Friday with state TV and according to a Google translation of a Tasnim News transcript. "The decrease in exports is slightly less than the decrease in imports, and imports have decreased significantly." "What do these statistics mean? Then some people say that sanctions have no effect at all! I really don't know what to tell these people," Pezeshkian was quoted as saying. "I just want to say this, saying that sanctions have no effect is not consistent with these facts." Meanwhile, Supreme Leader Mojtaba Khamenei called for greater economic self-reliance in a written message Friday....

You could lose 25% to 35%.’ AARP warns Americans about making this 401(k) move. Here are 4 alternatives to consider Vishesh Raisinghani Sat, August 29, 2026 at 5:15 AM PDT 9 min read Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Tapping into your 401(k) early to deal with debt or emergency bills may seem like a savvy move, but two of the biggest names in retirement planning are sounding the alarm about doing so. Fidelity, one of the largest 401(k) plan administrators in the country, and AARP, the nation's leading advocacy group for older Americans, are both warning workers that early withdrawals can wipe out a significant chunk of their savings overnight. 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...

Image source, Ella Hewitt Image caption, Ella says she would spend her wages "as soon as they hit my account" By Daniel Thomas Business reporter Published 28 August 2026 You may well have been there. It's late, you're scrolling on your phone and suddenly feel a strong urge to buy something - only to wake up the next day and regret it. But what happens when those impulse buys become a habit rather than a one-off? One global study suggests 7% of adults , external experience shopping addiction , external - an uncontrollable urge to spend despite the financial consequences - and younger women are more susceptible. Ella Hewitt, from Liverpool, says her shopping addiction got so bad in 2021 that she was spending up to 700 a month on fast fashion she couldn't afford and sometimes never even wore. "I didn't grow up with much money, so when I got a job I would spend my wages as soon as they hit my account," says the 24-year-old. "That dopamine hit kept ...

Corn and wheat prices have surged to their highest levels in more than three years. But the forces driving recent rallies for these two crops are notably different. Wheat futures settled 3.1% higher at 784 cents per bushel on Friday after hitting a high of 790.25 cents, the highest since Feb. 14, 2023 when it traded 797.5. Wheat jumped 12.1% this week, its biggest weekly gain since March 2022. Overall, wheat futures were up more than 54.5% year-to-date, amid escalating Russia-Ukraine tensions in the Black Sea. Corn futures settled 0.6% higher at 536.5 cents per bushel Friday after hitting a high of 541.25 cents, the highest level since July 28, 2023. Corn gained 5.5% for the week and is up 15.6% in August, on pace for its best month since April 2021 when it rose 19.31%. The contract is up 21.8% year-to date on tighter U.S. supply expectations and strong demand, with constrained Ukrainian exports adding pressure to global supplies. Corn's recent rally is largely driven by mounting ...

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Swvl (SWVL) is Raising $13M for U.S. Expansion and a Transport Lending Offering. Is It Taking On Too Much at Once? Jeff Lewis Thu, August 27, 2026 at 8:27 PM PDT 4 min read SWVL Swvl Holdings Corp (NASDAQ: SWVL ) entered into a definitive agreement on August 25 to raise $13 million through a private placement. The company expects to issue 8,990,317 Class A shares at $1.446 per share, with the transaction expected to close on August 27, subject to customary conditions. Coefficient LP has agreed to invest $10 million and is expected to become Swvl Holdings Corp's (NASDAQ:SWVL) largest institutional shareholder after closing. An existing shareholder has agreed to invest the remaining $3 million. Coefficient founder Abdalla Ali will also join the board. Swvl Holdings Corp (NASDAQ:SWVL) intends to use the net proceeds to accelerate its recently launched U.S. operations, launch a lending offering for transport operators and partners, and strengthen its balance sheet as it pursues multiy...

Icelanders on Saturday will vote in a knife-edge referendum on whether to resume negotiations to join the European Union, reopening a debate that has taken on deeper significance in the wake of U.S. President Donald Trump 's Arctic saber-rattling . The question put to the Nordic nation of nearly 400,000 is simply: "Should Iceland resume accession negotiations with the European Union?" Opinion polls indicate the advisory vote is likely to go down to the wire, with the country effectively split in half on the issue. If a majority of voters answer yes, accession negotiations will take place, which if successful, would lead to a negotiated agreement being put to a second referendum for the Icelandic people to accept or reject. It comes as the Arctic emerges as a major hotbed for critical minerals and climate change rapidly melts sea ice, opening seasonal shipping routes , and amid Trump's renewed push to acquire Greenland, Iceland's closest neighbor. The U.S. preside...