The Global Economic News

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Image source, Getty Images By Paul Seddon Political reporter Published 3 hours ago Employers will have to publish salary information in job adverts under government plans to rewrite anti-discrimination laws. Details of other job conditions could also have to be disclosed to candidates, under the draft proposals. Ministers argue greater transparency will help people navigate the jobs market and could prevent future pay discrimination claims. However, details of exactly what salary information will have to be shared are yet to be hammered out. Officials plan to consult on whether exact salaries will have to be displayed, or potentially a pay range or "benchmark rate" for open roles. They also plan to ask industry groups whether information beyond basic salary, such as bonuses, should be made available. Employers that do not publish a job advert for a role would have to give candidates the information in writing prior to a job interview. In a policy document, the Cabinet Office...

United Airlines ' second-quarter results came in ahead of Wall Street estimates, but billions of dollars in added fuel costs continue to weigh on earnings, the carrier said Wednesday. Here is what United Airlines reported for the quarter that ended June 30 compared with what Wall Street was expecting, based on estimates compiled by LSEG: United forecast third-quarter adjusted earnings per share of between $2.50 and $3.50, compared with analysts' estimates for $3.60 a share. It estimated full-year adjusted earnings per share of between $9 and $11, the higher end of the range of the adjusted $7 to $11 a share it forecast in April , when it cut its January forecast after the U.S. and Israel attacked Iran in late February. According to Argus data published by industry group Airlines for America, jet fuel prices at major U.S. airports are up 34% in July alone through Tuesday amid a roller coaster of escalating and deescalating conflict between the U.S. and Iran. Jet fuel is the la...

Warren Buffett was critical of a stock market that he said is increasingly driven by speculative trading, as opposed to investing for the long term. "It's tough to find values when everybody is preferring gambling," Buffett told CNBC's Becky Quick . The chairman of Berkshire Hathaway had sharp words on the stock market earlier this year. In May, he likened it to "a church with a casino attached," specifically calling out the surge in one-day options trading as "gambling." The stock market has rallied to all-time highs this year, climbing a wall of worry that included an energy shock from an ongoing war with Iran. Skeptics have said there's too much speculation in stocks tied to the artificial intelligence build-out, with vehicles such as options and leveraged exchange-traded funds adding fuel to the fire. Equities have increasingly attracted retail traders en masse, who are buying shares of memory chipmaker Micron and recent initial public off...

Micron and Nvidia are powering a $700 billion chip profit boom: Chart of the Day Jared Blikre Tue, July 14, 2026 at 3:00 AM PDT 2 min read MU ^SOX NVDA 005930.KS SKHY Global chip stocks have lost roughly $2.7 trillion in market value since the PHLX Semiconductor Index ( ^SOX ) peaked on June 22. Wall Street still expects Micron ( MU ), Nvidia ( NVDA ), and the rest of the industry to generate about $700 billion in profit in 2027. The damage from the recent stock weakness has spread from Micron and Nvidia to Samsung ( 005930.KS ) and SK Hynix ( SKHY ), which just debuted in the US on Friday , even as earnings estimates keep climbing. Micron offers the most dramatic example. The memory maker, whose stock fell more than 4% over the past month, is projected to earn $83 billion in fiscal 2026 and $176 billion in fiscal 2027, according to Bloomberg consensus estimates, after earning about $9 billion in fiscal 2025. Micron's annual net income (profits) is projected to jump from $9 billio...

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Stocks making the biggest moves midday: SPCX, AAPL, PYPL, CAVA, PGR, MU Skip Navigation Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves in midday trading: SpaceX Shares of the rocket maker fell for the fourth-straight session, dipping below its $135 initial public offering price for the first time. Apple , Alibaba and Baidu Apple shares rose about 4% to a fresh high after its Apple Intelligence cleared a major regulatory hurdle in China, which will allow the service to be used on iPhones in the country. No launch date is set yet, but the news also lifted shares of Alibaba and Baidu, which will partner with Apple on the effort. Alibaba gained 5%, while Baidu added 2%. Memory stocks The group was pulling back in midday trading Wednesday after big gains in the prior session. Micron , Seagate and Western Digital shares each fell around 8%, while Sandisk tumbled more than 11%. The move comes amid s...

The U.S. launched a fresh round of attacks on Iran early Wednesday morning, hours after President Donald Trump warned military strikes would intensify next week if Tehran does not cooperate in peace talks. U.S. Central Command said in a post on X on Wednesday that it had begun launching a wave of strikes against Iran at 6 a.m. ET. "The strikes are designed to further degrade military capabilities Iranian forces have used to attack commercial shipping in the Strait of Hormuz," it said. In a later update, Centcom said Wednesday's attacks were completed at 7:30 a.m. ET, adding that precision munitions had been launched against Iran's coastal defense systems, and cruise missile storage and launch sites on Greater Tunb Island. The Tunb Islands are small islands located in the Persian Gulf, near the Strait of Hormuz. Centcom had carried out more strikes against Iran on Tuesday. Tehran, meanwhile, has launched attacks on multiple Gulf countries. In an interview with Fox New...

Chagee (CHA): The Fastest Growing Consumer Stock to Buy Now Jeff Lewis Wed, July 15, 2026 at 7:48 AM PDT 2 min read CHA Chagee Holdings Limited (NASDAQ:CHA) is one of the 10 Fastest Growing Consumer Stocks to Buy Now . On June 21, 2026, Goldman Sachs initiated coverage of Chagee Holdings Limited (NASDAQ:CHA) with a Neutral rating and $13.60 price target, implying 17% upside potential. Goldman Sachs said China remains the company's primary growth driver, but noted limited room for store expansion. Goldman Sachs also said Chagee's "premium and narrow" tea-latte focus leaves it less well positioned to capture shifting consumer preferences. Earlier in June, CLSA initiated coverage of Chagee Holdings Limited (NASDAQ:CHA) with a Hold rating and $10 price target on the shares. Chagee (CHA): The Fastest Growing Consumer Stock to Buy Now On May 30, Morgan Stanley raised the firm's price target on Chagee to $15.50 from $14.50 and kept an Overweight rating on the shares. Mo...

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Dan Ives, one of Wall Street's best-known technology analysts, is teaming up with Yorkville Securities to launch a new merchant banking firm. The new firm, Yorkville Ives & Co., will combine investment banking, equity research, institutional trading and principal investing, with a focus on artificial intelligence, technology, industrials, energy transition and infrastructure, according to a statement Tuesday. Ives, who built a large following for his bullish views on AI and major technology companies during more than two decades on Wall Street, will serve as partner and senior managing director. Roger Briggs will be chief executive officer. Yorkville Ives said it will offer debt and equity capital raising in public and private markets, strategic advisory on mergers and acquisitions, capital structure and other corporate transactions, institutional trading and execution services, and independent equity research. The firm also plans to invest its own capital alongside clients an...

Image source, Getty Images By Mitchell Labiak Business reporter Published 15 July 2026, 07:35 BST Updated 1 hour ago Thames Water has returned to a full-year profit after hiking its customers' bills by 40% last year. The UK's largest water company reported post-tax income of 113m for the 12 months to the end of March, swinging from a 1.51bn post-tax loss the previous year. However, the firm's net debt also swelled to 18.5bn from 16.8bn as it said it only had enough debt funding to keep the business going until the end of 2026. The publication of Thames Water's results comes after the government rejected a proposed rescue deal for the business in June , pushing the firm one step closer to nationalisation. Under the terms of the deal, Thames' lenders wanted leniency from future pollution fines in return for writing off 9.4bn of its debt pile and investing new money. Thames Water said on Wednesday pollution incidents had fallen by 18%. It hit just over half of its...

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 . SpaceX stock drops. Here's what to do next. Hal Bundrick, CFP Senior Writer Updated Mon, July 13, 2026 at 10:13 AM PDT 4 min read For SpaceX IPO investors, the thrill ride has been IMAX-worthy. On IPO day, SpaceX stock ( SPCX ) opened at $150 and climbed past $160. Another near-20% gain the following Monday saw Elon Musk's spaceflight, satellite communications, and AI company achieve a high orbit of $192.50. By its third trading day, SpaceX surpassed Amazon to become the fifth-largest publicly traded company by market value. To the moon, right? Yet, as any savvy investor knows, things can get ugly fast: The stock quickly returned to Earth and has bounced below its market debut price more than once. SpaceX stock dropped another 4% on Monday, with a low under $140. Read more: Create a stock investing strategy in 3 ...

BMW's U.S. business is delivering when it matters most Karl Furlong Mon, July 13, 2026 at 8:33 PM PDT 3 min read BMW.DE MBG.DE BMW solidified its position as the top-selling luxury automaker in the U.S. with strong second-quarter sales, a result that comes as many rivals experienced declines. The timing of BMW's impressive quarter is important. One of the brand's largest markets, China, has gone in the opposite direction in 2026, forcing BMW (BMWYY) to revise its outlook for the year. While U.S. demand can't fully offset the China slowdown , the growth in U.S. sales gives BMW a resilient and profitable market it can rely on. It's also a source of stability at a time when rivals like Mercedes-Benz, Lexus, and Audi have seen sales slide. America keeps BMW's momentum alive Excluding the smaller Mini brand, BMW sold 102,713 vehicles in the U.S. in Q2, a healthy year-over-year increase of 13%. First-half sales reached 186,944 units, up by 4.7%. 103,257 of those mode...

This report is from this week's CNBC's UK Exchange newsletter. Like what you see? You can subscribe here. By this time next week, barring the unexpected, Andy Burnham will have become the U.K.'s seventh prime minister in just over a decade. Burnham, who did not even stand for parliament at the last general election, has revealed little so far of his policy aims. But one early decision, being watched more than any other, will indicate how he intends to govern: his choice for chancellor of the Exchequer (or finance minister). Few expect the incumbent, Rachel Reeves , to remain despite indications she would like to. As the minister most closely associated with Keir Starmer, the deeply unpopular outgoing prime minister , it would be odd for her to stay in post not least because Burnham must reward his supporters with plum appointments. The overwhelming favorite in betting markets is Ed Miliband, currently energy secretary, a key player in the coup that forced Starmer to resi...

Europe has spent years rebuilding its military in response to Russia's invasion of Ukraine. Now, investment is increasingly converging around one technology that is seen as central to the continent's future security: drones. A flurry of announcements over the past two weeks shows just how quickly that shift is accelerating. NATO unveiled a new drone initiative, the U.K. earmarked billions of pounds for drones and counter-drone systems, Germany moved to procure 50,000 drones for Ukraine, and defense tech startup Helsing secured an $18 billion valuation. The developments reflect a broader shift in military planning, with drones and autonomous systems moving from niche battlefield tools to a core part of modern warfare. The trend is creating opportunities not only for drone manufacturers but also for companies developing AI, software, electronic warfare and secure communications. "Future defence is moving towards a layered battlefield, where, for example, a tank will not sim...