The Global Economic News

The Supreme Court in a 7-2 decision on Thursday said Bayer cannot be sued over state-level claims that the company failed to warn of cancer risks from its weedkiller Roundup and its chemical glyphosate . The decision is a major win for Bayer and the Trump administration, which argued that failure-to-warn claims were preempted by a federal law that governs pesticides. It's also a major blow to the Make America Healthy Again movement, which helped return Trump to the White House in the 2024 election but has felt betrayed by the administration's embrace of glyphosate the most commonly used weedkiller in agriculture that has long been linked to cancer claims. Justice Brett Kavanaugh wrote for the majority, arguing that because the Environmental Protection Agency deems glyphosate safe when used properly and has not required a cancer warning label, the Federal Insecticide, Fungicide and Rodenticide Act preempts state-level failure to warn claims. "As demonstrated by that compre...

Micron stock soared on Thursday after the memory maker reported blockbuster third-quarter earnings as the artificial intelligence boom causes demand for memory to surge. Shares climbed as high as 19%, pushing Micron's market cap above Meta and Tesla among the most valuable U.S. companies. The stock later pared those gains. The company's revenue more than quadrupled from $9.3 billion a year earlier to $41.46 billion in its fiscal third quarter, it reported on Wednesday. Revenue came in higher than analyst expectations of nearly $36 billion, according to LSEG consensus estimates. The company is now forecasting revenue of about $50 billion for the current quarter, an increase from $11.3 billion in the prior year . Micron shares over the past year. Micron has benefited from the AI infrastructure buildout by major hyperscalers, as AI data centers require large amounts of memory chips. That has reduced the supply of memory available for smartphones, PCs, and other devices, creating...

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Stocks making the biggest moves premarket: MU, QCOMM, IBM, WEN Skip Navigation Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves in premarket trading: Micron The memory chipmaker soared 18.5% after its third-quarter earnings blew past expectations. Micron saw adjusted earnings of $25.11 per share, topping the $20.78 expected from analysts polled by LSEG. The company's revenue quadrupled to $41.46 billion from $9.3 billion a year prior. Analysts had expected revenue of $35.85 billion. Qualcomm Shares jumped 11% after the semiconductor builder nearly doubled its projection for 2029 non-handset revenue to $40 billion, up from a prior forecast of $22 billion. The company is also targeting $15 billion in data center sales for the same year. Memory stocks Shares of memory companies also moved higher. Sandisk jumped 15.6%, and Western Digital rose 13%. Lam Research added 6%. IBM The stock gained 3%...

Gold and silver prices are oscillating around key thresholds as hawkish central banks and inflation fears weigh on the metals and market watchers see little chance of a meaningful rebound in the near term. Spot gold was flat at around 5:50 a.m. ET on Thursday, trading at $3,990.17 an ounce after falling below the $4,000 mark in the previous session. The precious yellow metal briefly broke back above $4,000 on Thursday, before retreating again later in the morning. Front-month U.S. gold futures were marginally lower, settling at $4,006.60. Year-to-date, gold is now down by around 7.5%. Spot gold Silver prices are also coming under pressure. Spot silver was 0.1% higher at $57.49 an ounce on Thursday morning, rebounding from a loss seen earlier in the day. Silver futures for July delivery were down by 1.2% at $57.41. Spot silver has lost almost 20% of its value since the beginning of the year. Spot silver Precious metals rally stalls Both gold and silver enjoyed record-smashing rallies i...

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 . What is offshore banking, and is it legal? Offshore banking isn't as mysterious as it may seem. Here's how it works. B Ben Luthi Updated Tue, June 23, 2026 at 10:58 AM PDT 6 min read When you think about offshore bank accounts, spy thrillers and tax strategies for the wealthy may come to mind. However, offshore banking can also be a financial solution for anyone who works internationally, has close family in another country, or frequently travels abroad. In fact, roughly 1.5 million Americans have around $4 trillion in assets held in foreign financial accounts, according to the IRS. If you've ever wondered whether it makes sense to open a bank account in another country, here's what you need to know about how offshore banking works and whether it's right for you. What is offshore banking? An offshore ...

Image source, The Dallas Morning News via Getty Images By Osmond Chia Business reporter Published 25 June 2026, 08:11 BST Updated 2 hours ago The price of oil has fallen to levels not seen since before the Iran war as traffic through the key Strait of Hormuz shipping route gradually resumes. Global benchmark Brent crude briefly fell below $72.48 ( 55) a barrel, the price it was at the day before the US and Israel launched attacks on Iran on 28 February, before edging up to $72.63. Energy prices have been on a wild ride since Iran responded to the strikes by effectively closing the strait, a critical waterway for oil and gas shipments. The cost of crude has been moving sharply lower since the US and Iran signed a Memorandum of Understanding (MOU) on 17 June which set out a 60-day period for negotiations on Tehran's nuclear programme and other measures to end the war. Representatives from the two sides met in Switzerland last weekend for talks to end the war, which resulted in the U...

To play this video you need to enable JavaScript in your browser. This video can not be played Figure caption, 'I don't think anyone can doubt my commitment to the prime minister' - Rachel Reeves By Rachel Clun and Peter Ruddick , Business reporters Published 4 hours ago Chancellor Rachel Reeves has backed Andy Burnham to be the next prime minister, despite reports he could demote her to a junior cabinet position if he becomes the Labour Party leader. "I'm supporting Andy to be prime minister," she told the BBC. Burnham, who was sworn in as the member for Makerfield earlier this week, is expected to replace Reeves as chancellor if he becomes prime minister. So far, he is the only candidate to have put their hand up for the Labour leadership. Reeves acknowledged it was up to Burnham whether she stayed on as chancellor, but said she stood ready to provide targeted, temporary relief on energy bills in the autumn. Asked about reports that Burnham would offer her ...

Indian authorities uncovered multiple accounting and operational irregularities at one of the country's largest gold companies, Rajesh Exports , according to an investigation released Wednesday, weeks after market regulators raised concerns over the company's reported revenue. The Bengaluru-based company, which also owns Switzerland-based major gold refiner Valcambi, reported consolidated revenue of more than 7.7 trillion rupees ($81 billion) last year, the Directorate of Enforcement said in a statement. Its managing director was paid a monthly salary of 17,000 rupees (around $180) and the chief financial officer had not received a salary since 2020, the agency said. "The company's key business indicators showed significant departures from normal commercial practices," the agency said. Shares of the company dropped around 5% on Thursday before hitting the exchange-imposed lower trading limit, according to data on LSEG. Search and seizure operations at the company...

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Iran's Islamic Revolutionary Guard Corps warned shipowners on Wednesday that any new transit route through the Strait of Hormuz established without coordination with Tehran is "unacceptable and dangerous," threatening actions against vessels that ignore its instructions. The stern warning underscores Tehran's resolve to retain control over the Strait of Hormuz and to resist transits that bypass its authorization. It also highlights the lingering uncertainty facing shipowners navigating the Strait even after the U.S. and Iran signed a memorandum of understanding last week to reopen the strategically vital energy artery. The IRGC Navy said that only the shipping routes designated by Iran are permitted for passage, and that coordination with Iranian forces via the designated communication channel is mandatory, according to Iranian local media . "Navigation outside these routes is highly dangerous and prohibited, and we warn all vessels to strictly avoid any movemen...

Elon Musk says Americans get the living daylights taxed out of us.’ Here's how he avoids taxes to hold onto his wealth Jing Pan Tue, June 23, 2026 at 8:20 AM PDT 10 min read TSLA Andrew Harnik/ Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. They say the only certainties in life are death and taxes but Tesla CEO and world's first trillionaire Elon Musk thinks Americans are getting far more than their fair share of the latter. "You get taxed on what you earn, you get taxed on what you buy and you get taxed on what you own. Taxes, taxes, taxes," Musk said at a town hall in Pittsburgh (1). Top Picks Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake here's how to fix it ASAP JP Morgan sees gold hitting $6,000/oz before 2027 and a Gold IRA lets you hold the physical metal while deferring the tax bill. Get your free guide from Priority Gold The ultra-rich use these 5 real e...

Image source, Bloomberg via Getty Images Image caption, Reed founder and chair James Reed By Yasmin Rufo BBC News Published 2 hours ago If you've sent off dozens of job applications and heard nothing back, the silence can be as infuriating as a rejection. Part of the problem is the shrinking number of entry-level jobs. Reed, the recruitment firm, says that graduate vacancies on its website have fallen from around 180,000 three or four years ago to 50,000. James Reed, chair and chief executive of Reed, has spent 30 years watching how employers make decisions and, like many, is frustrated at how difficult the process has become. Here, the recruitment veteran gives some pointers on how to get noticed in a tough jobs market. Getting past AI screening Many employers use artificial intelligence (AI) systems to screen applications before a human lays eyes on them. Reed believes that "computers shouldn't reject people". But if AI is being used, Reed suggests it is probably c...

Shares of South Korean chip giant SK Hynix surged 11% on Thursday after the company said it plans to raise as much as $29.4 billion in a U.S. stock market listing. The company plans to issue 17.79 million new shares in the form of American depositary receipts through a Nasdaq listing, according to a regulatory filing . The offer could raise 45.45 trillion won ($29.65 billion). Trading is expected to begin July 10, although the company said the timetable remains subject to change. SK Hynix said the ADR listing would broaden its investor base and allow "its true corporate value to be properly evaluated." "We expect to elevate our status as a global company by broadening our touchpoints in the United States, the epicenter of AI technological innovation," the company said. The company has been ramping up investment to meet booming demand for artificial intelligence chips. It is developing its Yongin semiconductor cluster in South Korea, which is expected to begin opera...

Americans are warming up to homebuying for the first time in 3 years Claire Boston Senior Reporter Tue, June 23, 2026 at 9:11 AM PDT 2 min read For the first time since 2023, most Americans think it's a better idea to buy a home than rent or move in with relatives. Fifty-three percent of respondents surveyed by Bank of America said it was better to buy a home now, up from 48% last year and 47% in 2024. Other measures of attitudes toward homeownership, such as the percentage of respondents who say a home is a valuable investment and provides stability, also improved. The finding underscores how perceptions of homeownership are changing as housing becomes slightly more affordable . While it's still far more difficult to afford a home now than it was pre-pandemic, home price appreciation in much of the country has dropped below inflation and wage growth, and mortgage rates are slightly lower now than during the past three summers. As of May, the median home in the US was listed f...

South Korea's equity IPO activity has plummeted this year as efforts to boost corporate valuations run into trouble around governance reforms and the high amount Chaebols, or family-run conglomerates. South Korea saw 15 new listings in the year to June 3, with proceeds totaling around $700 million, according to LSEG data. By comparison, new listings averaged 80 per year between 2020 and 2025, with around $8 billion, the data show. Malaysia's new listings and proceeds almost double South Korea's. By contrast, the Kospi is the top-performing major index worldwide , more than doubling in value in the year to Monday. Chaebols, which were once central to South Korea's industrial development, are now "more of a hindrance than a help for creating new, independently listed champions," according to Polka Mishra, partner at Javelin Wealth Management in Singapore. South Korea's inheritance tax of 50% for amounts exceeding 3 billion won ($2 million) gives conglomerat...