The Global Economic News

Article about global economy: How big was the American JPY intervention? 🔥 EXCLUSIVE PARTNER OFFER Tuya Smart 3MP 140° Wide View Angle Mini Digital Peephole Eye Viewer WiFi IR PIR Detection Doorbell Door Camera Alexa Google Special Price 🔥 Limited time offer! Grab your favorite item at an incredible price. Quality guaranteed! 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.ft.com/content/e279135e-cd6e-46d4-b80b-2e6b0c0901a9 © EcoNews DZ — Global Economic & Financial News

Hugging Face CEO Clément Delangue said China is winning the artificial intelligence race with open-weight models and could catch up to U.S. model makers as soon as this year. "They're clearly dominating on open models right now, and I wouldn't be surprised if they start dominating at the frontier either by the end of this year or next year at the rate of progress," he told CNBC's " Squawk on the Street " on Monday. Fueling this revolution is the open collaboration and sharing ecosystem in China, while model makers in the U.S. are "building in silos" and risk falling behind, he said. Last month, OpenAI agents broke out of a training environment and hacked open-source software developer platform Hugging Face, raising concerns over the rapid evolution of powerful AI and cybersecurity tools. The incident also brought months of simmering cybersecurity fears to a head, demonstrating how easily AI agents could cause immense damage, while making the c...

The magic number for retirement might be closer than you think if you reach this tipping point.’ Are you there yet? Vishesh Raisinghani Sun, August 2, 2026 at 4:45 AM PDT 6 min read Photo by lucigerma / Envato Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. For most people, the "magic number" for personal finances is when their portfolio is large enough for them to retire. As of 2026, that magic number for the average American is roughly $1.46 million, according to Northwestern Mutual (1). 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 JPMorgan still sees gold hitting $5,000/oz by Q4 and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Learn more with a free guide from Priority Gold The tax breaks in Trump's 'big beautiful bill' expire after 2028 and experts say most pe...

The Bureau of Labor Statistics is set to release the employment picture for July on Friday, and economists are expecting a gain of 85,000 jobs in the month, according to Dow Jones consensus estimates. However, traders on prediction market platform Kalshi think those figures may come in lower. Speculators place just a 47% chance that employers added more than 80,000 jobs in July, but they also give a 60% chance that they added more than 70,000 jobs in the month. The contracts on the platform ask traders what the jobs number will be for July, asking if the official figure will be above a series of numbers. Contracts are resolved using the official data from the Bureau of Labor Statistics. A beat compared with consensus estimates isn't out of the question, even if not likely: traders place a 41% chance employers added 90,000 jobs in July, and just over a one-in-three chance that the number will come in at six figures. However, traders also think there's a one-in-three chance the...

The July jobs report, SpaceX earnings, and AI struggles: What to watch this week Jake Conley Breaking Business News Reporter Sun, August 2, 2026 at 3:00 AM PDT 10 min read SPCX ^IXIC ^GSPC ^DJI After last week's busiest five-day stretch of the quarter, investors will get only a small amount of relief this week. Several banner items on the agenda include the monthly nonfarm payrolls on Friday and SpaceX's ( SPCX ) first earnings report as a public company on Tuesday. The S&P 500 ( ^GSPC ) closed out Friday up 0.7%, for a gain of roughly 1.1% on the week, while the Dow ( ^DJI ) picked up 0.5% on Friday to close the week on a similar performance of roughly 1%. The Nasdaq ( ^IXIC ), continuing its rebound, ended Friday up 1% for a weekly gain of 1.6%. Last week's jam-packed served, in many ways, as an excellent set-up for this week's agenda. In the earnings world, all focus will be on SpaceX in its debut earnings report after going public in the world's largest IPO...

U.S. support for Japanese efforts to bolster the country's struggling currency has offered a sharp bounce for the yen in recent sessions, strengthening some 5% before paring gains on Monday. The coordinated intervention has lifted the yen to 157 to the dollar, down from just above 163, which represented its lowest level in four decades. But analysts see little hope for a sustained rally in the battered currency as its fundamentals remain under the spotlight. "Japan's policy mix remains unlikely to generate sustained yen strength," wrote UBS strategists Teck Leng Tan and Dominic Schnider on Monday. "With the BoJ expected to continue gradual policy normalization and real rates remaining negative, the yen should continue to be supported more by intervention risk than by domestic monetary fundamentals." The U.S. steps in to help support the yen. Selling dollars or euros? Previous Japanese efforts to prop up the currency in 2022 and 2024 saw the BOJ sell dollars...

AB InBev shifts marketing dollars to other brands as tie-ups with celebrities and cage fighting fail to halt decline in sales 🔥 EXCLUSIVE PARTNER OFFER Téléphone Unihertz Titan 2, clavier physique QWERTY, 12 Go + 512 Go, lecteur d'empreintes digitales, écran 4,5 pouces + 2 pouces, Android 15, processeur octocœur Dimensity 7300 5G, réseau : 5G, NFC, OTG (noir) 478 🔥 Limited time offer! Grab your favorite item at an incredible price. Quality guaranteed! 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.ft.com/content/2ba4f93d-f258-49cf-9e1e-c3c79e06461d?syn-25a6b1a6=1 © EcoNews DZ — Global Economic & Financial News

Image source, Getty Images By Liv McMahon Technology reporter Published 4 hours ago Microsoft has increased the price of Xbox consoles worldwide, citing rising memory and storage chip costs . Its premium Series X console with a disc drive will now cost 670, when it previously retailed for 500. Meanwhile a baseline Xbox Series S console now costs 430 - a roughly 43% increase on its previous 300 price tag. It is among a host of tech firms to have told consumers that spiralling component costs mean they must charge more, with rival Sony hiking PlayStation 5 prices by 90 in March . Microsoft said in June it had "hoped another price increase would not be necessary", but blamed the rising cost of console storage and memory for needing to raise prices on consumers. In the US, its basic consoles rose by $100 to $499, and the cost of a console with more memory increased by $150 to $749. Similar increases have been revealed in the EU as well - where a Series S console with more storag...

Governments have stopped correcting budget deficits but — so far — bond markets have let them 🔥 EXCLUSIVE PARTNER OFFER Professional 45000RPM Electric Portable Nail Drill Machine Rechargeable Low Noise Nail Sander File for Manicure Salon Tool Special Price 🎯 Best price guarantee! Order now and enjoy fast shipping with global tracking. 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.ft.com/content/2d1226d3-48e3-47c8-9a0b-96cbb9ab8a4c?syn-25a6b1a6=1 © EcoNews DZ — Global Economic & Financial News

Image source, Getty Images By Kevin Peachey Cost of living correspondent Published 3 August 2026, 00:16 BST Updated 3 hours ago If you're working towards buying your first home you might feel like everything is stacked against you - but recent changes could help you get a mortgage. It hard to save for a deposit when the cost of living is so high, the average house price is nearly 300,000 , external and interest rates on new mortgages are rising. However, a rule change and more flexible lending mean first-time buyers can now borrow up to six, or at the most, seven times what you earn in a year. This means mortgages will be within reach for more people but it is a shift that comes with some risk so here's what you need to know. The background Reckless mortgage lending was blamed for the financial crisis of 2008, which brought some banks to their knees and saw people lose their homes. In 2014, the business secretary of the time, Vince Cable, said he was appalled that some mortga...

Stocks making the biggest moves premarket: BABA, BMY, EBAY & more Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves premarket: AstraZeneca , Bristol Myers Squibb Shares of the pharmaceutical companies moved in opposite directions after The Financial Times reported that the two were in talks to merger. AstraZeneca fell more than 4%, while Bristol Myers jumped more than 5%. ArcelorMittal The steelmaker was up more than 2% after it announced it was deepening its technology partnership with Microsoft. ArcelorMittal said Microsoft's Azure will serve as the backbone for plants to modernize its technology systems, and that it will implement other infrastructure services by Microsoft into its systems. Shares of Microsoft were also up 2%. Alibaba U.S.-listed shares of the Chinese gained 4% after the company unveiled a new AI model on Monday. Qwen3.8-Max is one of the ...

Article about global economy: Why McDonald’s World Cup boost may not be enough for the stock 🔥 EXCLUSIVE PARTNER OFFER Akko MonsGeek FUN60 Mechanical Keyboard Magnetic Switch 60% Gaming Keyboards Rapid Trigger 0.01mm 8K ARGB HE/TMR Custom Keyboard Special Price 💥 Massive discount! Save big on this must-have item. Free shipping available! 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.investing.com/news/stock-market-news/why-mcdonalds-world-cup-boost-may-not-be-enough-for-the-stock-93CH-4830807 © EcoNews DZ — Global Economic & Financial News

Washington's decision to join Japan in supporting the battered yen has prompted questions over what motivated the rare coordinated intervention, with analysts pointing to concerns over U.S. Treasury markets and Japan's financial system. Tokyo has grown increasingly wary of the yen's decline, which recently dropped to its weakest level against the dollar in nearly four decades . The yen had been hovering at multi-decade lows, sliding to 163.73 per dollar last Thursday before rebounding to 157.57 Friday. The coordinated intervention was the first U.S.-Japan joint operation to buy yen since 1998 , and the first coordinated intervention involving the two countries since the G7 acted to weaken the yen after the 2011 earthquake. Japan yen performance year-to-date Industry veterans told CNBC that one of Washington's biggest concerns was avoiding a scenario where Japan would need to dump large quantities of Treasuries to finance unilateral intervention, given how the North ...

Gen Z is taking job interviews on their phones hiring managers call it 'incredibly disrespectful.' What to do instead Victoria Vesovski Mon, August 3, 2026 at 2:30 AM PDT 5 min read titovailona/Envato Gen Z already has a public-relations problem at work. Taking job interviews from an iPhone is probably not going to help. The pandemic normalized remote hiring, giving applicants the freedom to log on from almost anywhere. For Jason Rogers, that meant using his phone while interviewing for his first job out of college as a content writer. 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 nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going "I thought I was underprepar...

U.S. President Donald Trump said negotiations with Iran will begin Monday after he held off on new strikes against the Middle Eastern country, once again raising hopes for a diplomatic resolution to the conflict that has upended energy supplies. "Now what we're doing is we're talking to them in the form of a negotiation. It begins tomorrow afternoon," Trump told reporters Sunday aboard Air Force One, without disclosing the venue or participants. He said he had called off the strikes at the request of Saudi Arabia, the United Arab Emirates, Qatar and Iran, and described a deal covering the Strait of Hormuz and Iran's denuclearization as "imminent." However, Iranian foreign ministry spokesperson Esmail Baghaei again poured cold water on the notion of direct negotiations with the United States. Baghaei told a press conference on Monday that there is no immediate plan for negotiations with the U.S., reiterating that Tehran is currently only engaged in talks...

Financial companies hope to modernise markets with the technology but systemic risks remain 🔥 EXCLUSIVE PARTNER OFFER EKIY 5.0 inch Wireless CarPlay Moto Android Auto Portable Digital Motorcycle Dashboard GPS Navigation Removable Display Screen Special Price ✨ Special deal alert! Don't miss this amazing product with top-rated reviews worldwide. 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.ft.com/content/7600731b-4f7f-4d38-a478-3196c565a880?syn-25a6b1a6=1 © EcoNews DZ — Global Economic & Financial News

Goldman traders are on pace for a record year. Here's how they're doing it Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Goldman Sachs ' dealmaking prowess may grab all the glory, but the biggest driver of growth last quarter came from the daily grind of equities trading. Sure, Goldman and the other top Wall Street banks were able to cash in on all the market volatility lately. Many are even on track for their best year ever in trading revenue. But Goldman, in particular, has put itself in a position to meet the moment through years of investment and a strategy shift within its Global Banking & Markets group, which includes investment banking, equities, fixed income, currency, and commodities (FICC). The firm has made a concerted effort to get big clients through the door for investment banking or wealth management to use its equities services, and vice versa. Just look at how the bank crushed l...

Meta’s Cash Engine Is Still Running Hot, Strengthening the Bull Thesis Amit Singh Sat, August 1, 2026 at 12:30 PM PDT 4 min read META Meta Platforms (META) has been one of the weaker-performing "Magnificent Seven" stocks in 2026, as investors grow increasingly concerned about the company's massive AI spending. Billions of dollars are flowing into data centers, networking infrastructure, and advanced AI chips, raising questions about when these investments will generate meaningful returns. Those concerns intensified after Meta's latest earnings report. Meta recently delivered mixed Q2 financials. However, its stock came under selling pressure following the earnings report. Investor sentiment worsened after management issued a softer-than-expected revenue outlook for the third quarter amid the company's significant capital expenditure on AI. More News from Barchart Cathie Wood Doubles Down on Tesla and SpaceX as Wall Street Turns Cautious Hoping for Lower Prices at...

An enigmatic Fed faces the risk of AI stocks falling and the oil price soaring 🔥 EXCLUSIVE PARTNER OFFER ANENG 681 Rechargable Digital Professional Multimeter Non-contact Voltage Tester AC/DC Voltage Meter LCD Screen Current Tester Special Price 🎯 Best price guarantee! Order now and enjoy fast shipping with global tracking. 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.economist.com/finance-and-economics/2026/08/02/what-will-kevin-warsh-do-if-americas-economy-breaks © EcoNews DZ — Global Economic & Financial News