The Global Economic News

Changing the inflation and balance-sheet frameworks will be key 🔥 EXCLUSIVE PARTNER OFFER 1:12 / 1:16 4WD RC Car 2.4G Radio Control Car Buggy Off-Road Remote Control Cars Trucks Boys Toys for Children 💎 Exclusive offer! The product everyone is talking about is now at a special price. 🛒 Shop Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.ft.com/content/f0b24cda-de76-41c0-9464-ac1dba7633c3 © EcoNews DZ — Global Economic & Financial News

More than 11,000 seafarers stuck in the Persian Gulf will begin to exit through the Strait of Hormuz under a large-scale evacuation plan backed by Iran and the United States, the International Maritime Organization said Tuesday. "We have secured the necessary safety guarantees and have thoroughly verified the conditions for safe navigation to support these operations," IMO Secretary-General Arsenio Dominguez said in a statement. The operation will be carried out "in close cooperation with Iran, Oman, all other coastal States in the region, the United States and the maritime industry," Dominguez said. Oman's Navy issued a bulletin saying ships will exit in a phased approach through two temporary maritime corridors to ensure the safety of seafarers. Shipping lanes under the prewar Traffic Separation Scheme, or TSS, are not safe for use right now, according to the bulletin. Iran has mined large segments of Hormuz, U.S. Secretary of State Marco Rubio told Congress ...

Meta Platforms CEO Mark Zuckerberg has directed staff to create a prediction markets platform, a person familiar with the company's plans who asked not to be named confirmed to CNBC. The New York Times was first to report the development on Tuesday. The person familiar, who was not authorized to speak on the record about the company's plans, also confirmed to CNBC that the prediction markets app would not use actual money to trade on the platform, a contrast to other prediction markets where traders use cash to speculate on future events. The Times report said Meta's app would instead rely on a video game-style points system, but that money may be used on the app in the future. Two employees with knowledge of the plans told the Times the app referred to internally as "Arena" would be separate from Meta's social media platforms, Instagram and Facebook. Meta would seek to leverage its Facebook and Instagram user base to direct potential traders to the platform,...

SpaceX 's sharp pullback from its post-IPO record high is doing little to embolden short sellers reluctant to bet against CEO Elon Musk, even as shares have shed more than a quarter of their value in just over a week. The rocket company is down about 12% this week and roughly 28% from its June 16 peak, erasing hundreds of billions of dollars in market value after a blistering rally that followed the June 12 initial public offering. Yet bearish bets remain in check. Only about 40 million SpaceX shares are currently sold short, representing roughly 5% to 7% of the company's publicly tradable float of roughly 625 million shares, according to an estimate by S3 Partners. SpaceX About 60 companies in the S&P 500 currently have short interest exceeding 7% of their float, according to FactSet, suggesting bearish positioning in SpaceX remains relatively modest despite the stock's recent slide. More than 30 million SpaceX shares are currently available to borrow, indicating ampl...

Global imbalances could fuel financial stability risks, says BoC Governor Macklem FILE PHOTO: Bank of Canada Governor Tiff Macklem takes part in a press conference, after cutting key interest rate, in Ottawa, Ontario, Canada September 17, 2025. REUTERS/Blair Gable/File Photo Reuters By Promit Mukherjee Tue, June 23, 2026 at 10:32 AM PDT 2 min read (Corrects dateline to 'June 23' from 'June 7') By Promit Mukherjee OTTAWA, June 23 (Reuters) - The Bank of Canada Governor Tiff Macklem said on Tuesday that global imbalances of financial flows, led by China's export surplus and the reliance of the United States on foreign capital, and may be fuelling financial stability risks. Speaking to a business audience in Paris, Macklem said global imbalances are widening again after easing in the aftermath of the global financial crisis, as some countries continue to run large surpluses while others rely on borrowing and spending. Macklem's speech comes at a time when the Pres...

Article about global economy: Peru’s Sanchez says he will not recognize results of presidential runoff 🔥 EXCLUSIVE PARTNER OFFER In Stock Hot Pkm Eevee Sleeping Position Series Blind Box Sylveon Umbreon Flareon Jolteon Anime Desktop Decoration Model Toy 💥 Massive discount! Save big on this must-have item. Free shipping available! 🛒 Shop Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.investing.com/news/world-news/perus-sanchez-says-he-will-not-recognize-results-of-presidential-runoff-4756138 © EcoNews DZ — Global Economic & Financial News

Image source, Getty Images By Faarea Masud Business reporter Published 23 June 2026, 07:27 BST Updated 5 hours ago Ticket reseller StubHub UK has been ordered to refund more than 50,000 customers and pay a 900,000 fine for not showing people the total price upfront when buying tickets. Each customer is expected to receive 10 on average per transaction, following an investigation by the Competition and Markets Authority (CMA). The regulator said StubHub UK would contact fans about their refund. StubHub International said the hidden fees were as a result of an "isolated platform error" that led to some charges appearing at checkout rather than earlier in the buying process. "Our UK platform is designed to display all fees upfront," it said, adding that it had "identified and corrected the issue promptly, and all affected customers will receive an automatic refund". The fine for StubHub International, which operates in Europe, comes as the CMA investigated s...

Image source, Adam Hassanjee Image caption, People queue at passport control in Milan Bergamo on 16 April By Theo Leggett Business correspondent Published 23 June 2026, 13:57 BST Updated 1 hour ago The head of Europe's airports trade body says concerns over the region's new digital border control system are keeping him and other industry bosses awake at night. Earlier this year, the EU completed the roll out of its Entry-Exit System (EES) . It requires travellers from outside the EU to register biometric information when entering most European countries, which is then checked when they leave. Although EES has been working well in some countries, it has also been blamed for causing significant delays at a number of airports, with some passengers missing flights. Stefan Schulte, president of ACI Europe, said politicians should "stop pretending... that EES is working just fine. It is not." Schulte, who is also head of the company that owns Frankfurt Airport, told an ind...

Stocks making the biggest moves premarket: IBM, QCOM, ORCL, UUUU Skip Navigation Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Check out the companies making headlines before the bell: IBM The legacy tech stock was a bright spot in the broader sector selloff, rising more than 4% following an upgrade to overweight at JPMorgan . "Software continues to drive better recurring revenue, margins, profitability, and cash flow," analysts at the bank said. AMC Entertainment The movie theater chain tumbled, falling 21%, after the company said it's entered a definitive agreement with certain institutional investors for the sale of 95.3 million shares of AMC common stock, amounting to roughly $200 million. The stock last closed at $2.76. Qualcomm The semiconductor stock slid 6% after Bloomberg News, citing people familiar, reported that Qualcomm is in advanced talks to acquire AI software infrastructure company Modular in a deal valued at...

Image source, PA Media By Mitchell Labiak Business reporter Published 23 June 2026, 11:47 BST Updated 44 minutes ago With Sir Keir Starmer resigning, Andy Burnham, the newly-elected Makerfield MP, is almost certain to be the next UK prime minister. And many believe he will want a new chancellor to replace the current occupant of Number 11 Downing Street, Rachel Reeves. That person will face quite the in-tray high debt, low growth, welfare reform, defence spending, and the economic fallout from the US-Israel war with Iran to name a few issues. Here are the names of those believed to be in the running for the job and what they could mean for your finances. Wes Streeting Image source, Getty Images The bookies' favourite to be chancellor is a former contender for the leadership, Wes Streeting. Having instead thrown his weight behind Burnham, the thinking is the former health secretary could be awarded the number two job in British politics for his loyalty. However, economist and cross...

Oracle shed 21,000 jobs, almost 13% of its workforce, in the past year, as tech giants carry out sweeping layoffs as a result of AI. The company's total workforce stands at 141,000 full-time employees as of May 2026, it said in its annual regulatory filing on Monday. That's down from 162,000 employees at the same time the previous year. This represents an almost 13% cut in its total workforce. Oracle's stock was last seen down 3.6% in premarket trading and is down 15.4% since the beginning of the year. The move lower came amid a global tech selloff . Oracle shares in the year-to-date. "The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce," Oracle said in the filing. The company spent $1.8 billion on restructuring costs, including severance payments and other exit costs, a jump from the $374 million it spent on restructuring the previous year. Oracle noted that the workforce ...

Your country's World Cup loss could tank your portfolio the next morning and a win wouldn't bring it back seventyfourimages/Envato Chase Kell Tue, June 23, 2026 at 3:30 AM PDT 4 min read ^GSPC With the World Cup in full swing, soccer fans around the world have a lot riding on their home team’s success, but you don’t exactly need to be a sports fan in order to be invested in your country’s performance. As Marketwatch reports, the stock market’s reaction (1) to World Cup results has been well documented over the years. Take the 2022 tournament, for example. During the elimination round, the global stock market fell by 4.6% while the S&P 500 dropped by 5.4%. Must Read Robert Kiyosaki says this 1 asset will surge 400% in a year and begs investors not to miss this explosion’ Millionaires under 43 hold only 25% of their wealth in stocks. Surprised? Here’s where their money is actually going Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100...

From the ashes of Enron, Ken Griffin built a commodities empire that extends beyond financial trading 🔥 EXCLUSIVE PARTNER OFFER For Tesla New Model YL Launch 2026 Car Trunk Side Storage Box Cover Plate Organizer Car Trunk Side Storage Box Refit Accessories 🎯 Best price guarantee! Order now and enjoy fast shipping with global tracking. 🛒 Shop Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.ft.com/content/3d0842dd-a8f4-435d-b888-5587b4b9eeda © EcoNews DZ — Global Economic & Financial News

SpaceX shares fell more than 3% in premarket trading on Tuesday, following a $400 billion selloff on Monday as a post-debut rally fizzled out. The space and AI company saw huge gains after a record-breaking IPO on June 12, briefly surpassing Amazon and Microsoft in market capitalization, before falling back below both as sentiment cooled. The stock tanked 16% on Monday, following drops of 3.6% and 5% the previous two days of trading. SpaceX's market cap was $2 trillion at close on Monday. Shares were trading at 3.43% down as of 4.30 a.m. E.T. SpaceX stock. The company announced on Monday a senior unsecured notes offering and disclosed that it had $100.8 billion in cash and cash equivalents on hand as of June 19. That same day, SpaceX also revealed it has signed a major computing power agreement with open-source AI startup Reflection, providing the company with access to Elon Musk 's Colossus infrastructure. SpaceX's stock surged after its blockbuster debut, with shares r...

Article about global economy: Analysis-Can Pakistan’s peacekeeping role in Iran war give it an economic dividend? 🔥 EXCLUSIVE PARTNER OFFER 70mai Dash Cam 4K A810S HDR IMX678 Supercapacitor 4G LTE Remote Control Wi-Fi 6 Voice Control GPS ADAS Car Camera 70mai A810S 🌟 Hot deal! This trending product is flying off the shelves. Get yours before it's too late! 🛒 Shop Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.investing.com/news/economy-news/analysiscan-pakistans-peacekeeping-role-in-iran-war-give-it-an-economic-dividend-4754707 © EcoNews DZ — Global Economic & Financial News

Ticket reseller StubHub ordered to refund customers over hidden fees Just now Share Save Add as preferred on Google Faarea Masud Business reporter Getty Images Ticket reseller StubHub UK has been ordered to refund more than 50,000 customers and pay a 900,000 fine for not showing people the total price upfront when buying tickets. Each customer is expected to receive 10 on average per transaction, following an investigation by the Competition and Markets Authority (CMA). "Hitting customers with hidden fees is illegal. It's not fair to draw people in with what looks like a good deal, only for them to find the real price is higher when they get to the checkout due to extra charges that can't be avoided," said Emma Cochrane, executive director of consumer protection at the CMA. The regulator said StubHub UK would contact fans about their refund. The fine for StubHub comes as the CMA investigated several firms as part review of online pricing practices, such as drip prici...

On June 23, 2016, Britons headed to the polls to vote on whether to stay in the European Union. A shock result emerged overnight: the electorate had voted to leave the bloc by 52% to 48%. The pound tanked. London's FTSE 100 tumbled. Then-Prime Minister David Cameron who had called the referendum and led the campaign for the Remain vote resigned. Since then, the U.K. haggled for a deal, as Cameron's successor, Theresa May, failed to pass a proposal three times before stepping down. Brexit was eventually delivered by Prime Minister Boris Johnson in 2020. The Brexit campaign promised to "take back control" of immigration, free up more money for the country's health service, and forge trade deals with the rest of the world. A decade later, Brexit still looms over life in Britain. Here's how the U.K.'s economic and political scene has fared since then, in charts: The U.K. economy has largely failed to experience a post-Brexit boost after upending ties with its...

Hormuz Status, MU Earnings and Other Key Things to Watch this Week Gavin McMaster Sun, June 21, 2026 at 10:00 AM PDT 6 min read SPCX Markets enter a busy week focussed on volatility around Iran negotiations and the Strait of Hormuz, where Iran announced Saturday it was closing the waterway citing ceasefire violations, only to commit to sending negotiators to Switzerland for Sunday talks with Vice President J.D. Vance. The U.S. and Iran signed a memorandum of understanding last Wednesday that opened Hormuz with Lebanese ceasefire components, though fighting between Israel and Iranian-ally Hezbollah resumed Saturday despite their Friday agreement. More News from Barchart Oracle Stock Tumbles on Higher Capex and Equity Raise - Shorting ORCL Puts Works Micron Technology Earnings: Bull Put Spread Trade Stop Missing Market Moves: Get the FREE Barchart Brief your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! The situati...

Indian fintech startup Cred will raise $900 million in a funding round led by Mark Zuckerberg's Meta but has lost its founder and chief executive, Kunal Shah, to WhatsApp. The startup, where Meta will soon become a minority investor, was valued at over $4 billion in its latest funding round, the Indian firm said in a press release on Monday. These funds will be used to "accelerate growth, build institutional muscle, and extend its leadership across categories," it added. Cred is a platform built for affluent and creditworthy Indians that rewards them for using it to manage and pay credit card bills. It was founded by Shah less than 10 years ago and, according to the company, now processes over 40% of credit card bill payments in the country and is building a lending business. Meanwhile, Meta's WhatsApp has 500 million people in India using its messaging services, but is struggling to popularize its payment tool , WhatsApp Pay, in the country's hyper-competitive d...