The Global Economic News

Prediction market platform Kalshi's CEO Tarek Mansour confirmed the company is in the early stages of planning a potential IPO in an appearance on CNBC's " Squawk Box ." Mansour said a public markets debut of the company won't come this year, but that it makes sense for Kalshi at this stage of its growth to begin thinking about an IPO. "A company of our financial profile with the rate of growth that we're seeing, that sort of conversation has to happen," he said. "People start asking that question. And we're basically thinking about it, but obviously, we don't have an answer yet." The Information reported last week that Kalshi was in early talks for a potential IPO, though noted that a listing was unlikely to come until late 2027 or 2028. Mansour on Wednesday did not get specific with a timeline beyond stating that an IPO won't happen in 2026. Kalshi has experienced huge growth over the past year. At the end of June 2025, the c...

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US current account deficit widens more than expected in first quarter FILE PHOTO: Shipping containers are stacked at the port of Los Angeles in Long Beach, California, U.S., March 10, 2026. REUTERS/Caroline Brehman/File Photo Reuters Reuters Wed, June 24, 2026 at 6:29 AM PDT 2 min read WASHINGTON, June 24 (Reuters) - The U.S. current account deficit widened more than expected in the first quarter amid a shortfall on the primary income balance, government data showed on Wednesday. The Commerce Department's Bureau of Economic Analysis said the current account deficit, which measures the flow of goods, services and investments into and out of the country, increased $5.8 billion, or 2.6%, to $226.8 billion last quarter. More from Yahoo Scout How significant is the current account deficit historically? What caused the U.S. current account deficit to widen? What is the primary income balance shortfall impact? How does the current account deficit compare to forecasts? Data for the fourth...

Image source, EPA/Shutterstock Image caption, One man died and about 100 people were injured in the collision on Friday By Danny Fullbrook , Bedfordshire, Hertfordshire and Buckinghamshire and Katy Austin , Transport correspondent Published 24 June 2026, 13:08 BST Updated 4 minutes ago A train driver killed in a crash in Bedfordshire passed a red signal moments before the collision, investigators said. Train driver Shaun Burton , 60, died and about 100 people were injured when one London-bound service crashed into the back of another on Friday. The Rail Accident Investigation Branch (RAIB) said in an interim report that Burton's train proceeded past a red signal near the scene of the crash in Elstow, near Bedford at 17:15 BST on Friday. It added that "it is not yet possible to say what indication the driver received" from automatic warning system (AWS) equipment fitted to the train. The RAIB has found the stationary train had come to a stop "unexpectedly" becau...

Image source, Getty Images By Kevin Peachey Cost of living correspondent Published 1 hour ago More than 9bn is owed to councils in unpaid council tax as people continue to struggle with their finances - but some help is going unclaimed. Newly-published data shows that uncollected council tax had risen to 7.4bn in England by the end of March. Data published separately in Scotland and Wales further pushes up the total. Charities say the latest numbers point to a council tax affordability crisis, with a wider group of people struggling to cover essential bills. Although non-payment of council tax can lead to a prison sentence in extreme cases, there are various discounts and support measures in place of which people are often unaware. The latest government data shows that 2.2bn of council tax levied in England during the financial year to the end of March went unpaid. However, 43bn of what was levied during the year was collected, marking a collection rate of 95.6%, according to the Mini...

Defense stocks plummeted on Wednesday after a report that Germany will abandon plans to build six warships, fuelling investor fears that the boost to defense contractors from increased government spending may not fully materialize. Berlin is planning to scrap a multi-billion-euro project to build the F126 frigates, according to the Financial Times, citing two people familiar with the matter. It would have been the biggest warship commission since the Second World War. Instead, Berlin will buy eight smaller Meko A-200 frigates, according to the report. German munition maker Rheinmetall , a big beneficiary of German government contracts, fell as much as 14% in morning trading. The company had been expected to become the lead contractor of the F126 frigate program in a deal worth as much as 12.8 billion euros ($14.5 billion), pending budget committee approval. It would have taken over the contract from Dutch shipyard Damen Naval after years of delays. CNBC has reached out to Rheinmetall ...

This High-Yield Aerospace Stock Just Hiked Its Dividend by More Than 8% Dividends binder by Elena_Dig via Shutterstock Ebube Jones Mon, June 22, 2026 at 4:30 PM PDT 5 min read NOC HEI RTX CW Aerospace and defense companies have been raising dividends across the board in 2026. In May alone, several names in the sector announced notable dividend hikes. Northrop Grumman (NOC) raised its payout by 7%, RTX (RTX) also lifted its dividend by 7%, and Curtiss-Wright (CW) increased its payout by 8%, even as their shares swung sharply amid geopolitical tension tied to the Iran war. That tells you big aerospace and defense companies are still putting real money behind shareholder returns, even in a shaky backdrop. The private aerospace and defense sector now generates nearly $1 trillion in annual revenue, and with the U.S. government pointing to a $1.5 trillion defense budget for 2027, the spending backdrop remains supportive. More News from Barchart Tim Cook Warns Apple Product Price Hikes Are U...

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Global markets operator Cboe has launched its first predictions markets product, the latest financial-markets company working to capitalize on consumer demand in the fast-growing sector. The offering includes binary option contracts based on the Mini-S&P 500 Index, the company said in a press release on Tuesday. Prediction markets, which allows users to speculate on various real-world events such as sports and even political outcomes, have been rising in popularity among investors. The combined monthly global trading volume on Kalshi and Polymarket has risen to about $24 billion in April from less than $5 billion in September last year, according to data compiled by the Pew Research Center. Cboe's contracts are available on Interactive Brokers and will roll out at Charles Schwab over the coming months, the company said. Additional retail brokerage platforms will offer access over time, it added. "We have seen continued customer demand for shorter-dated, outcome-based trad...

Stocks making the biggest moves after hours: FDX, CBRS, KBH Skip Navigation Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Check out the companies making headlines after the bell : FedEx Shares shed about 6% after revenue in the fourth quarter narrowly beat Wall Street's expectations. The company posted revenue of $25.01 billion, slightly higher than the $24.04 billion analysts polled by LSEG had sought. KB Home The homebuilder added 2% after posting a fiscal second-quarter revenue of $1.11 billion, beating the $1.10 billion analysts had penciled in, per LSEG. On the other hand, KB Home's earnings of 43 cents per share came under the estimated 45 cents. Cerebras The semiconductor company dropped 8% after posting its first earnings report since going public in May. Cerebras reported a first-quarter loss of 22 cents on revenues of $193.4 million. The company also said core gross margin is expected to shrink to between 36% and 38% in ...

Image source, Getty Images By Dharshini David Deputy economics editor Published 3 hours ago We've had six prime ministers in a decade and it looks increasingly likely that Andy Burnham will be the seventh. But whoever is in charge, they face the same challenges. That's because what has underpinned political instability over recent years has been, to a great extent, the economy. Lack of job opportunities, lack of improvement in living standards, and pressured public services the public expects change and its patience has been wearing thin. So here are the issues the next prime minister will have to tackle. Fiscal rules Burnham has pledged to revive the economy but also stick to the current government's own rules on borrowing and spending. That means only borrowing to invest, not to fund day to day spending, and in a few years' time reducing debt as proportion of the whole economy. Before the US-Israel war with Iran started, Chancellor Rachel Reeves reckoned she could...

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Index provider MSCI kept South Korea classified as an "emerging market" in its most recent review on Tuesday, while extending its assessment of Indonesia's status until November. The decision dashed hopes that Seoul could be included in MSCI's Developed Markets watchlist, a crucial step before a market can be upgraded to developed-market status. For Indonesia, the extended review comes after MSCI raised concerns about market accessibility earlier this year and froze the country's stocks from its indexes in January, citing investability concerns. MSCI said that it would continue evaluating reforms introduced by Indonesian authorities, but should these measures prove insufficient, the index provider would "consider a range of options for the appropriate treatment for the Indonesia market," including a potential downgrade to frontier-market status. In South Korea's case, MSCI said limited convertibility of the Korean won in the offshore currency market...

Intel Stock and 3 Other Winners I Found Using Barchart’s High-Octane Stock Screener Desk setup looking at stocks by LanaStock via iStock Rob Isbitts Mon, June 22, 2026 at 8:30 AM PDT 4 min read INTC As you might have read in some of my past articles, when it comes to Barchart, I was a long time listener, first time caller. When I started writing here early last year, it was a case of long time user, first time writer. Hundreds of articles later, I am still closer to the tip of the iceberg than the bottom of the ocean when it comes to scouting out ways to sharpen my investing skills. And thanks to Barchart, I have no shortage of new things to learn. More News from Barchart Dear Microsoft Stock Fans, Mark Your Calendars for June 30 Micron Technology Earnings: Bull Put Spread Trade Dear Walmart Stock Fans, Mark Your Calendars for June 22 Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere els...

Image source, Getty Images By Francisco Velasquez Business reporter Published 38 minutes ago E-commerce giant Alibaba has launched a high-stakes legal challenge against the US government, suing to get off a Pentagon blacklist that claims it is linked to the Chinese military. The Department of Defence (DoD) has said that because Alibaba complies with Chinese technology regulators, it is effectively an arm of the military. In the lawsuit filed in a California federal court Alibaba pushed back, claiming the determinations "have no basis in fact or law". The challenge comes after the Pentagon recently expanded its blacklist of companies it will not be able to do business with from the end of the month to include massive tech names like Baidu, BYD, and Nio. The defence department put Alibaba on the blacklist, saying the firm was a "military-civil fusion contributor to the Chinese defence industrial base" because of its regulatory ties to Beijing. But Alibaba countered t...