The Global Economic News

A $250,000 'forgivable' employer loan breaks down to just $25,000 a year and can come with a hefty tax bill Christy Bieber Wed, July 1, 2026 at 5:00 AM PDT 5 min read shutterstock.com When an employee leaves a business, the company pays for the departure. In fact, the Society for Human Resource Management (SHRM) (1) estimates that the costs of replacing a worker can range between 50% and 200% of the employee's salary. This includes direct and indirect costs like severance pay, recruitment, onboarding, training, lost productivity and temporary staffing. In light of this high price, it's not surprising that some companies take creative approaches to try to deter top performers from leaving. For example, some businesses may even offer forgivable loans (2) to attract and keep talent. But how exactly do these work and are they a good idea for employees to accept? Must Read Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 6 ways to bu...

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SpaceX may put other mega-cap IPOs on the fast track. According to Kathmere Capital Management's chief investment officer, it could emerge as the ultimate blueprint for Silicon Valley especially when it comes to the expected Anthropic and OpenAI public debuts. "It would not surprise me at all to see a similar dynamic play out with some of these [IPOs] set to come in the months ahead," Nick Ryder told CNBC's "ETF Edge" this week. Ryder, whose firm provides financial advice to individuals and businesses, contends market conditions will determine whether upcoming mega-cap IPOs will rip a page from SpaceX's playbook. "We've been in a pretty historic two- [or] three-month rally for the equity market [which] was feeding into [SpaceX]," added Ryder. "When these other mega IPOs eventually come to market the environment might be different, and so it's really hard to predict how it will be." SpaceX since public debut SpaceX, which went...

Image source, Getty Images By Oliver Smith , Emer Moreau , Business reporters and Paddy Evans , Political reporter Published 2 July 2026, 13:43 BST Updated 46 minutes ago Pubs may now be allowed to stay open until the end of England's World Cup match against Mexico, which is due to kick off at 1am UK time on Monday. The government had initially said it would not relax licensing laws further than they already have been for the World Cup, but BBC News understands that the Prime Minister is now considering it. In April, the government relaxed licensing rules so England and Scotland fans could watch matches in the pub. But earlier on Thursday, Business Minister Kate Dearden had told the House of Commons that opening times would not be extended even further for the 1am start in Mexico City. The round-of-16 match in the Azteca Stadium may not finish until 3am or even later if there are penalties and extra time. Dearden was responding to a question from Liberal Democrat MP Max Wilkinson ...

The U.S. economy saw job creation cool sharply heading into the summer, the Bureau of Labor Statistics reported Thursday. Nonfarm payrolls for June increased by a seasonally adjusted 57,000 for the month, slower than the downwardly revised 129,000 added in May and worse than the 115,000 Dow Jones consensus forecast. The unemployment rate, however, dropped to 4.2%, slightly ahead of the 4.1% where it was a year ago. The move lower was largely due to a slump in the labor force participation rate, which dropped 0.3 percentage point to 61.5%, the lowest since March 2021. Household employment plummeted during the month, with 507,000 fewer people reported at work. A broader unemployment measure that includes discouraged workers and those holding part-time jobs for economic reasons declined by 0.2 percentage point to 7.9%. Prior months also saw significant downward revisions the May total, which had been much stronger than economists had anticipated, was cut by 43,000, while April's figu...

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Stocks making the biggest moves premarket: SNDK, HOOD, PLTR Skip Navigation Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves premarket: Alphabet The parent company of Google was lower by 1% after the subsidiary lost a European antitrust case , where a court upheld Google's fine of 4.1 billion euros ($4.67 billion). The fine comes from a 2018 decision by the European Commission to punish Google for what it saw as anticompetitive practices by the company through giving its own applications unfair advantages in Android products. Bending Spoons Shares of the Italian technology company were off 7% after its public market debut on Wednesday. The stock soared almost 40% from its IPO level on Wednesday. AeroVironment The defense technology company rose 4% after it won a $500 million contract with the U.S. Army. The contract is to develop counter-drone capabilities to the military. Palantir Shares j...

AI agents will soon have the ability to match the capabilities of human traders, Robinhood CEO Vlad Tenev predicts. The power of agentic technology AI that can carry out tasks for users has been touted as potentially transformational by many in the tech sector, with industry giants including OpenAI and Anthropic racing to develop such products. Robinhood unveiled tools in May that allow AI agents to trade stocks and make purchases on users' behalf. "The idea behind agentic trading [is] every capability a human can do will be available to an AI agent," Tenev told CNBC's Karen Tso on Thursday. "I was doing programmatic trading as an institutional player before starting Robinhood, and what you don't realize is a large portion of trades are already automated and AI powered." "But that type of intelligence and complexity has been out of reach from everyday people," he added. "The end state of agentic trading at Robinhood is to give the everyda...

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Stocks making the biggest moves midday: META, GIS, DDOG, SNDK Skip Navigation Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves midday: Meta Platforms Shares of the social media giant surged 11% on news that Meta is building out a new cloud business . The company will sell its excess artificial intelligence computing power to outside customers, CNBC confirmed. Bloomberg first reported the news. General Mills The maker of Bisquick and Cheerios jumped more than 6%. General Mills posted fourth-quarter adjusted earnings of 95 cents a share on revenue of $4.61 billion, topping the FactSet consensus call for 80 cents per share and $4.59 billion in revenue. The company also announced plans to generate $3 billion in cumulative cost savings through fiscal year 2030. Progress Software Shares rallied more than 18% after the company reported second-quarter results that beat expectations. Progress earned an ...

Europe's top court on Thursday upheld Google 's fine of around 4.1 billion euros ($4.67 billion) over alleged anti-competitive practices. In 2018, the European Commission slapped Google with the record-breaking penalty on the grounds that it abused Android's mobile dominance to give unfair advantage to its own apps via pre-installation deals with smartphone makers. Google has been appealing the ruling through the EU court system. But the European Court of Justice (ECJ), Europe's top court, dismissed Google's appeal. "The Court of Justice dismisses the appeal brought by Google and Alphabet against that judgment of the General Court, thereby confirming the penalty imposed on them, as revised by the General Court, for their anticompetitive practices relating to the Android operating system," the ECJ said in a press release. CNBC has reached out to Google for comment. In 2022, a lower EU court reduced the fine to the current 4.1 billion euros from 4.34 billio...

OpenAI has proposed handing the U.S. government a 5% stake in the company, the Financial Times reported Thursday, as the artificial intelligence startup seeks to defuse mounting political pressure in Washington. A 5% holding would be worth roughly $42.6 billion, after the AI lab closed a record-breaking funding round in March at a post-money valuation of $852 billion. OpenAI CEO Sam Altman argued that giving the public a financial interest in the company is the best way to share the upside of AI, the FT reported , citing two people familiar with the talks. Altman suggested a stake of that size in early discussions with the Trump administration, as part of a broader arrangement under which Washington would hold 5% of each of the leading U.S. AI developers via a government vehicle, according to the report. The proposed arrangement envisions other U.S. AI companies, such as Anthropic, Google and Meta , ceding similar stakes to the government through a sovereign wealth fund vehicle, the F...

Volkswagen is bracing for a high-stakes boardroom showdown following reports that the embattled auto giant is weighing up shutting four German factories and implementing as many as 100,000 job cuts. The mass layoff plan, which would represent the most radical overhaul in the firm's nearly 90-year history, is staunchly opposed by German lawmakers and powerful labor unions. The standoff has laid the groundwork for what is shaping up to be this year's most anticipated corporate event in German industry, when Volkswagen's management will seek to win the approval of the firm's supervisory board on July 9. The supervisory board will be required to sign off on the cost-cutting exercise, according to the Manager Magazin , which first reported news of the firm's restructuring plans on Friday. Auto analysts said Volkswagen's notoriously complex board structure means the company's management faces a bumpy road ahead. A Volkswagen spokesperson declined to comment...

Image source, Sergio Enrique Alvarado Montalvo Image caption, Sergio Enrique Alvarado Montalvo, 45, with his family at a watch party in Dallas, Texas By Francisco Velasquez Business reporter Published 31 minutes ago When Sergio Enrique Alvarado Montalvo paid $1,700 ( 1,300) on StubHub to surprise his father with World Cup tickets, he envisioned an unforgettable Father's Day watching Lionel Messi play. Instead, after flying his parents from Mexico to Dallas for the Argentina v Austria match, and spending nearly $6,000 ( 4,600) on travel and hotels, the family was left stranded outside the stadium gates. Just one day before they were set to travel to Dallas, StubHub abruptly notified Montalvo that the seller could not deliver the tickets, refusing to provide comparable replacements due to soaring prices. They turned up at the stadium anyway, hoping they could still get their tickets, with Montalvo on the phone to StubHub up until an hour before kick-off. "I was so sad and so fr...

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Dan Ives, one of Wall Street's most recognizable technology analysts, is leaving his longtime role at Wedbush Securities to launch a merchant bank aimed at combining research, advisory, capital raising and investing under one roof. Ives, who has spent the past eight years at Wedbush and more than 25 years covering technology stocks, said the new firm will seek to build what he described as a "modern merchant bank" focused on helping companies and investors capitalize on opportunities created by artificial intelligence and other structural shifts across the economy. "It's been a phenomenal eight years at Wedbush," Ives said in an interview. "But in looking at the next opportunity, it's to create a modern merchant bank with great partners, long-term capital and something I think will change the way Wall Street looks at investment banks." The firm, which Ives said will be formally announced in the coming weeks, plans to provide proprietary resear...

Debt-saddled Arizona woman, 73, has nothing saved and wants to buy a house. How Dave Ramsey says she can catch up fast Moneywise Tue, June 30, 2026 at 7:45 AM PDT 10 min read The Ramsey Show Highlights/ YouTube Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. What would you do if you were over the age of 70, had no retirement savings and were still paying off student loans but wanted to buy a house? Despite how it might sound, this is not a hypothetical question. 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 6 real estate strategies to build wealth while they sleep you can start with just $100 During an episode of The Ramsey Show , a 73-year-old Arizona resident named Rob...