The Global Economic News

Shipping traffic through the Strait of Hormuz slowed to a halt over the weekend ahead of the expiry date of the 60-day ceasefire between the U.S. and Iran on Monday, with no official negotiations or deal in sight. Over the weekend, only five cargo ships passed through the critical oil passage on Saturday, according to data from Kpler cited by Reuters , while no ships were registered to pass through the passage on Sunday. This is compared with 31 vessels the previous weekend. Shipping traffic had already hit a three-month low last week, with a five-day average of 13 vessel transits on Tuesday reflecting the lowest level since May 12, a CNBC analysis of Kpler data found . Overall, shipping is down 90% since before the war started on February 28, with the Strait of Hormuz carrying about a fifth of the world's oil, averaging about 130 vessel transits per day. HSBC shipping expert Parash Jain told CNBC's Squawk Box Europe Monday morning that investors should understand "chaos ...

Jim Cramer Said Domino’s Was Better Than Papa John’s International, Inc. (NASDAQ:PZZA) But Is He Right? Ramish Cheema Sat, August 15, 2026 at 2:35 PM PDT 3 min read DPZ PZZA Pizza chain Papa John's International, Inc. (NASDAQ:PZZA)'s shares are down by 49% over the past year and by 39% year-to-date. On the 6th, the shares closed a whopping 17.8% lower. The dip occurred after Papa John's International, Inc. (NASDAQ:PZZA) reported its second quarter earnings before market open. Looking at the report, it's unsurprising why the shares fell as the firm's second quarter revenue dipped by 8.8%, its system-wide restaurant sales dropped by 4.8% and net income dipped by $1 million to $8.7 million. Cramer hadn't been optimistic about Papa John's International, Inc. (NASDAQ:PZZA) ahead of the earnings and the latest results didn't change his mind: "Think about how Domino's could make a comeback here. Pizza Hut, bought by private equity, always a bad sign. ...

Jim Cramer Was Happy The Market Cared About D-Wave Quantum But Not How You Think Ramish Cheema Sat, August 15, 2026 at 2:28 PM PDT 3 min read QBTS SMR D-Wave Quantum Inc. (NYSE:QBTS)'s shares are up by 24% over the past year and are down by just as much year-to-date. Cramer hasn't held back discussing the firm and in most appearances, he has stressed the need to evaluate the firm's business. As D-Wave Quantum Inc. (NYSE:QBTS) reported its second quarter earnings on August 6th, the firm's shares closed the day 9% lower. Cramer discussed the move and wondered whether the market was becoming realistic about D-Wave Quantum Inc. (NYSE:QBTS): "What's incredible is that we never cared about earnings before, for this, for NuScale. And suddenly we care, I don't get it. I just think again, once again, there's kind of a realism sinking in. Let's, a lot of these guys have had such big moves. They're not based on anything. Or, let's just take some profi...

Hello, this is Leonie Kidd coming to you from London. Volatility - like myself - seems to have taken a break over the summer. After a couple of weeks away from the newsroom, markets seem trapped in a holding pattern. The VIX implied volatility index has dropped to a multi-year low, but it feels like it may not take much to have the market mood swing the other way... The fragile ceasefire between the U.S. and Iran is due to expire today . A senior White House official, speaking to Politico anonymously, described negotiations between Washington and Tehran as "static." Iran's foreign minister Abbas Araghchi wrote in a Telegram post that his country has "not made a decision to restart negotiations with the United States," while Al Jazeera reports that Tehran is working on a separate agreement with Oman to restore traffic through the Strait of Hormuz. Experts are warning that the depletion of U.S. strategic oil reserves could damage the caverns that store oil. The S...

Image source, Getty Images By Jemma Crew Business reporter Published 6 hours ago Many of us have been with the same bank for years, potentially missing out on hundreds of pounds that rivals are offering us to move to them. Whether it's loyalty, laziness, or fear it'll be a faff that keeps us from switching, banks are competing to change our mind. More than five banks are currently offering incentives to switch - with the largest bonus 220. Plus, if you've got savings, you could get a better interest rate - and therefore a greater return on your money. Almost two thirds of British savers have been with their bank for more than a decade, new research from Hargreaves Lansdown suggests. Its survey, of 3,000 British adults in August, found 34% have moved their money in the last 12 months. It estimates staying put costs British savers around 12bn in missed interest every year, based on analysis of Financial Conduct Authority data. The price of staying put Simon Belsham, Hargre...

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Sergey Brin Wants Google to Double Down on Gemini. What That Means for GOOGL Stock. Anushka Dutta Sat, August 15, 2026 at 10:00 AM PDT 4 min read GOOG Alphabet's (GOOGL) Google co-founder Sergey Brin has urged its parent company to focus more on its proprietary LLM Gemini. The report also indicates that Google's executives have taken a more hands-on approach to directing its AI operations. Google has recently announced that its AI wing will have a new boss. DeepMind, Google's AI unit, CEO Demis Hassabis will step down, with Koray Kavukcuoglu, previously the AI unit's CTO and Google's chief AI architect, taking over as SVP. This is a strategic choice as Google faces intense pressure from OpenAI and Anthropic. Anthropic's Mythos model and OpenAI's GPT-5.6 have been lauded, but since the Gemini 3.1 Pro launch, no subsequent Alphabet releases have challenged the AI firms so far. More News from Barchart Elon Musk Said Tesla Short Sellers Would Be 'Obliterate...

Image source, RM Sotheby's Image caption, The Ferrari Luce was launched in May By Osmond Chia Business reporter Published 17 August 2026, 02:47 BST Updated 27 minutes ago Ferrari's first ever all-electric car has fetched $40m ( 29.5m) in a charity sale, setting a record for a new car sold at auction. The RM Sotheby's auction in California raised more than 35 times the usual price of a Ferrari Luce. The auction catalogue said it is a special model featuring a unique finish and bespoke parts. The Luce, the brainchild of iPhone designer Sir Jony Ive , faced a backlash when it was launched in May after some commentators said it had strayed from the marque's traditional designs and lost part of the brand's identity by being battery-powered and having five seats. Sotheby's said all proceeds of the sale will be donated to the Ferrari Foundation's educational programmes. Sotheby's did not name the buyer of the custom Luce. The BBC has contacted the aucti...

NOW Stock Has Rebounded Over 54% Why ServiceNow’s Rally Could Have Further Room to Run Amit Singh Sat, August 15, 2026 at 8:00 AM PDT 3 min read NOW ServiceNow Inc building in Silicon Valley-by Sundry Photography via iStock After underperforming in the first half of the year, ServiceNow (NOW) stock has staged a strong recovery, rising 57.4% from its low of $81.24. The sell-off was driven largely by a broader shift in investor sentiment toward enterprise software stocks. As artificial intelligence (AI) reshapes the software industry, investors have grown concerned that AI-powered agents could disrupt traditional software vendors. These concerns triggered widespread selling across the sector, including ServiceNow. More News from Barchart Elon Musk Said Tesla Short Sellers Would Be 'Obliterated' Even Bill Gates Yet They've Made $9 Billion This Year Shorting the Stock Sergey Brin Wants Google to Double Down on Gemini. What That Means for GOOGL Stock. Alphabet Stock to $515: 3 ...

Buying Bonds Could Be the Single Most Important Investing Decision You Make for 10 Years Rob Isbitts Sat, August 15, 2026 at 7:00 AM PDT 5 min read Today's investors seem to want upside, upside, and more upside. I get it. After a generation of pathetically low interest rates and negligible returns on bonds, who can blame investors for ignoring the asset class that is actually much bigger than the stock market? More News from Barchart Elon Musk Said Tesla Short Sellers Would Be 'Obliterated' Even Bill Gates Yet They've Made $9 Billion This Year Shorting the Stock Sergey Brin Wants Google to Double Down on Gemini. What That Means for GOOGL Stock. Alphabet Stock to $515: 3 Reasons the Bull Case Is Getting Stronger Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. However, I'm increasingly of the opinion that the U.S. Treasury Bond market might be giving away the biggest "free lunch"...

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U.S. President Donald Trump's envoys met with Egyptian, Qatari and Turkish mediators in Cairo on Sunday, a diplomatic source said, aiming to advance the president's Gaza peace plan, even as Israel pressed on with airstrikes in the enclave. Hamas officials were present at some of the meetings that mediators held with Trump's envoy and son-in-law, Jared Kushner , and Trump's Board of Peace envoy for Gaza, Nickolay Mladenov, the diplomat said. A senior Israeli official said Kushner and Mladenov were scheduled to meet on Monday with Israeli Prime Minister Benjamin Netanyahu , who on Aug. 9 said Trump's latest roadmap for Gaza peace was 'unacceptable.' The official said Israel was concerned about Washington's demand to end targeted assassinations of Hamas militants in Gaza as the group rebuilds its forces. Trump's peace plan calls for the immediate cessation of military operations in Gaza. It foresees Hamas disarming as Israeli troops withdraw fr...

U.S. Central Command Commander Adm. Brad Cooper on Sunday acknowledged mental health challenges aboard the USS Lincoln after reports that a sailor jumped overboard amid the aircraft carrier's long Middle East deployment. "Here's an important fact: Of the U.S. Navy's 11 active aircraft carriers, the Lincoln currently has among the lowest number of cases related to mental health," Cooper said in a statement posted to X following his visit to the ship on Saturday. "This doesn't mean that all is perfect. Find any of the nearly 4 million Navy veterans in America today and they will likely tell you that service at sea for long periods isn't for everyone." Cooper's visit and statement follow reports of widespread morale and mental health issues aboard the Lincoln, which has been deployed for more than eight months. The Navy Times reported last week that several sailors had attempted to go overboard, and Stars and Stripes also reported on widespread...

Drake told a 23-year-old streamer he'd 'love to' buy her mom a house after picking her on dating show. Who pays the tax? Rudro Chakrabarti Sun, August 16, 2026 at 12:15 PM PDT 7 min read Pinkchyu / X.com, Allison H. Smith/Shutterstock Drake picked streamer Pinkchyu out of 20 women on a Kick speed-dating stream Aug. 8, hosted for Stake's ninth anniversary, and told her she could have anything she wanted. Pinkchyu, real name Lin Lamar, asked whether he'd buy her mother a house so her mom could retire. "Oh yeah, I'd love to," he said. Days later, Lamar told TMZ the offer was real: she picks a listing and he'll cover the payment. Her OnlyFans earnings have climbed since. Two things decide who owes the IRS on a house like that whether it's a gift or a prize, and where the person paying lives. 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 be...

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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...