The Global Economic News

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Workers at GE Appliances say they love app-based gig work despite no benefits and lower pay Becky Robertson Fri, July 10, 2026 at 7:30 AM PDT 4 min read piasupuntongpool/Envato The US gig economy has recently expanded beyond the usual freelance creatives, contract IT personnel (1) and rideshare drivers to factory floors, where workers are praising the flexibility of the unorthodox though some might argue, less desirable style of labor. Manufacturing titan Georgia-Pacific is among a number of companies that have started using hours-on-demand platforms (2) like MyWorkChoice for select positions at some warehouses, providing the option for employees to sign up for shifts through an app. They get to choose not only the days, times and total number of hours they want to work, but also the specific role. 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 nearl...

Stocks were off to a blistering pace in the first half of the year. Meanwhile, the U.S. economy 's trajectory is more tepid, somewhat divorced from that of stocks, economists said. That disconnect may be confusing to consumers and investors who assume the stock market and economy mirror one another, moving in lockstep. "I think there's this widespread perception the two should be in sync," said Joe Seydl, a senior markets economist at J.P. Morgan Private Bank. "But, from a purely analytical perspective, they're two very different phenomena," Seydl said. "We're talking about apples and oranges in many ways." The S&P 500 U.S. stock index rose nearly 10% in the first half of 2026. The Dow Jones Industrial Average, another stock index, climbed almost 9% over the same period its best first-half performance since 2021 . Those gains follow a string of blockbuster years for U.S. stocks: The S&P 500 rallied 24% in 2023, 23% in 2024 and 16% ...

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 . Raisin review (2026): Is this high-yield savings marketplace trustworthy? Learn more about how Raisin works. Sarah C. Brady Contributor Updated Wed, July 8, 2026 at 2:39 PM PDT 5 min read If you've been searching for the best high-yield savings accounts available today, you may have come across a platform called Raisin. Raisin isn't a bank. It's a financial technology company that helps users find high-interest bank accounts. You can use Raisin's website to search for, open, and manage (with some limitations) federally insured savings accounts and CDs from approximately 75 partner banks and credit unions. Learn more about how Raisin works and whether it's right for you. What is Raisin? Raisin Solutions US LLC, or Raisin, is an online marketplace where you can search for, compare, and open accounts fro...

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 . First Foundation Bank review (2026): Personal and business banking with competitive online rates Is First Foundation Bank the right fit for you? B Bob Haegele Updated Wed, July 8, 2026 at 2:29 PM PDT 5 min read Summary: First Foundation Bank (FFB) is a California-based bank that provides consumer and business banking products as well as private wealth management services. The bank was founded in 2008, though its roots date back to 1990 when it originally provided wealth management services to individuals and businesses in Orange County. Today, it operates a handful of branches in California, Florida, Hawaii, Nevada, and Texas and provides online accounts. First Foundation Bank product overview Checking accounts First Foundation Bank offers three checking account options. Personal checking: The personal checking account r...

Volkswagen 's management plans to drastically reduce its model lineup and further cut capacity, although the German auto giant stopped short of announcing any job cuts following tense stakeholder talks. Europe's largest automaker on Thursday said the model lineup will be gradually cut by up to half over the coming years as it concentrates on the most attractive market segments. Production capacity, meanwhile, will be reduced to nine million vehicles per year, compared to a goal of 12 million before the coronavirus pandemic. "With our future plan, we are moving into the next phase of transformation by our own means," Volkswagen CEO Oliver Blume said in a statement. "We are making the Volkswagen Group faster, more resilient and more competitive," he added. The update followed a high-stakes boardroom showdown with the group's supervisory board on Thursday and comes after reports that the company is weighing up shutting four German factories and implementin...

Goldman Sachs said Thursday it won deals to manage a combined $70 billion in retirement assets for Verizon Communications and Lockheed Martin, one of the larger recent announcements in the fast-growing market for outsourced corporate investing. The mandates include about $30 billion in pension assets for Verizon and Lockheed Martin and $40 billion in Verizon defined-contribution retirement assets, which are typically 401(k)s, according to Goldman. The moves underscore how some of America's largest employers are increasingly handing responsibility for managing retirement assets to outside firms such as Goldman as portfolios become more complex and require expertise across public and private markets. Competition in the multitrillion-dollar market for retirement assets is fierce among managers including Goldman, BlackRock , Russell Investments and Mercer , because the long-term institutional mandates generate steady fee revenue. By growing that business, Goldman hopes to increase its...

Image source, Getty Images By Michelle Roberts Digital health editor Published 6 hours ago Plans to stop vapes being marketed to children have been unveiled as part of a UK-wide consultation to introduce plain packaging, stop the use of enticing flavour descriptions and move vapes out of sight in shops. Health Secretary James Murray said it was clear too many young people were being lured into experimenting. Under the proposals, packaging would need to be bland, with limits on what imagery and branding could be used. Names relating to confectionery, sweets, desserts and alcohol would be banned to make products less appealing to children. There is no legitimate reason for nicotine products to come in neon packaging, feature cartoon images, or use flavours and branding designed to catch a child's eye, say health experts. Murray said: "The evidence is clear: there are too many young people experimenting with vapes, attracted by the array of flavours, bright colours and marketing...

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Stocks making the biggest moves midday: MU, PSKY, MARA, PEP Skip Navigation Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves midday: Micron Technology The memory chipmaker rose more than 7% after the company said it will invest up to $3 billion to " strengthen the U.S. semiconductor supply-chain ecosystem ." Shares also rose as part of a broader move higher in the semiconductor space. Mara Holdings Shares of the bitcoin miner and digital infrastructure company surged 15%. Mara said it will acquire land in Matagorda County, Texas from HIF USA, a renewable fuels company. Mara said the site, which includes more than 1,200 acres, will eventually more than double the company's power capacity to about 4.8 gigawatts across its portfolio. HIF will keep a minority stake in the project. Paramount Skydance Shares fell 6% on Thursday after Reuters reported , citing two people familiar with th...

From Rockets to Red Flags: Here Is How to Play SPCX Stock After AI Safety Controversy Ruchi Gupta Wed, July 8, 2026 at 11:25 AM PDT 4 min read SPCX Space Exploration Technologies (SPCX), better known as SpaceX, is a vertically integrated aerospace, connectivity, and artificial intelligence company founded in 2002 by Elon Musk and headquartered in Starbase, Texas. The company operates across three segments: Space, which designs and launches reusable rockets including Falcon 9, Falcon Heavy, and the next-generation Starship system; Connectivity, which powers the Starlink satellite broadband network serving 10.3 million subscribers across 164 countries; and AI, encompassing the Grok large language model (LLM), X social media platform, and the Colossus AI data center complex, all absorbed through SpaceX's landmark acquisition of xAI in February 2026. SpaceX Stock Remains Volatile SPCX stock made its Nasdaq ($NASX) debut on June 12, 2026, the largest IPO in history at a valuation of $1...

The U.S. will engage in "technical talks" with Iran and remains committed to finding a solution to the conflict, despite the two countries trading airstrikes in recent days, MS Now reported Thursday, citing a U.S. official. The official said President Donald Trump had made his position clear and characterized Iran's attacks on commercial vessels as "acts of terrorism," according to MS Now. Those comments come after Trump at the NATO summit in Ankara, Turkey, said that the ceasefire with Iran was "over." The memorandum of understanding between the two countries is performance-based, and Iran's actions constitute "failed performance at an unacceptable level," the U.S. official told MS Now, adding that talks with Tehran will continue. The ceasefire signed last month has come under serious strain in recent days with the U.S. and Iranian forces conducting strikes this week. "I don't want to deal with them [Iran] anymore," Trump ...

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 . The US-Iran conflict could still drive up food prices. How to get ahead of it. Ivana Pino Senior Writer Updated Wed, July 8, 2026 at 8:50 AM PDT 4 min read The Iran war pushed energy prices higher over the past couple of months, with elevated oil prices beginning to spill over into everyday expenses. And oil prices spiked sharply on Wednesday after US WTI crude ( CL=F ) jumped to $75.54 a barrel and Brent crude ( BZ=F ) climbed to $79.81, as President Trump declared the US-Iran deal "over." Just last week, Brent had fallen below $71 a barrel, its lowest level since before the war began in February. Gas prices, which rose $1.16 a gallon nationally at the height of the war, had eased back to $3.79 but could climb again if the renewed conflict disrupts supply through the Strait of Hormuz. But fuel costs are not th...

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With the U.S. and Iran exchanging strikes once again and the return of normal traffic flows in the Strait of Hormuz in doubt traders on prediction market platform Kalshi think gas prices will likely still be elevated for longer now. Speculators think there's a 75% chance that gas prices on Election Day, Nov. 3, will be above $3.50 per gallon, and place 39% odds that prices will be above $3.75. Before the recent developments in the Middle East, those odds were as low as 37% and 22%, respectively. The contract is resolved using data from AAA's national average of gas prices . WTI Crude 5-day chart. On Thursday, the national average of gas prices was at $3.84, according to AAA, up 5 cents from the day prior. The rise comes as U.S. oil prices rose as high as $75 per barrel on Wednesday , up from around $68 per barrel on Monday. However, WTI crude eased to below $72 per barrel on Thursday. While traders on Kalshi think gas prices will remain higher for longer, they also don't...

For 48 hours in Ankara, Turkey, it felt as though the world was moving on Donald Trump's timetable . Markets lurched. NATO allies braced for confrontation. Ukraine searched for reassurance. Iran threatened to upend the agenda. One moment, leaders were preparing for diplomatic crisis; the next, they were describing a "love-in" with the very president many had feared would leave the alliance more divided than ever. I've covered hundreds of major international events over my 25 years at CNBC G7, G8 and G20 summits, OPEC meetings, climate conferences and multiple trips to Ukraine. But I've never witnessed such dramatic reversals of fortune, affecting so many global players, compressed into just 48 hours. The NATO Summit wasn't simply another diplomatic gathering. It became a real-time demonstration of how quickly the geopolitical landscape can shift when President Trump is at the center of it. While major summits involving the U.S. inevitably revolve around Washi...

Insider trading is an emerging risk in the new world of prediction markets , and some companies including Goldman Sachs are taking steps to limit employees' trades on the platforms. Goldman Sachs has banned its employees from trading on contracts related to events that are specific to the bank, as well as elections, financial markets, macroeconomic data and geopolitics, according to people familiar with the matter. A representative for Goldman declined to comment on the policy, but did state that the bank prohibits using material, nonpublic information to trade across all markets. While some firms have started developing policies to managing insider trading risks on prediction markets, many others have yet to take those first steps, legal experts say. "We are getting constant questions from clients, particularly among regulated entity clients, about what the regulator expectations are, what the risks are, where the areas of potential liability are," said David Oliwenstei...