The Global Economic News

When will airfares come down? 'Do not watch for a plunge.' Kerry Hannon Senior Columnist Thu, July 2, 2026 at 3:35 AM PDT 4 min read EXPN.L As jet fuel prices surged this spring, airlines promptly hiked up airfares and fees. Now fuel costs are drifting downward, but that doesn't mean airfares will follow in any meaningful way soon. "Do not watch for a plunge in airfares like what's happening in gasoline prices," Michael Boyd, an aviation i ndustry consultant , told Yahoo Finance. While average airfares have declined modestly in recent weeks, according to tracking firms , they're more than 20% higher than a year ago. Both domestic and international fares peaked in May, but flights within the US are roughly 24% more expensive than a year ago, while international flights are up 16%, according to Kayak . But that isn't stopping people from hitting the skies. Seven in 10 Americans said they already are or are planning to travel this summer despite the pric...

Her card was hit with 1,700 unauthorized charges then the bank said she’d approved them Laura Grande Thu, July 2, 2026 at 3:00 AM PDT 6 min read voronaman/Shutterstock A Minnesota widow says she was left stunned after discovering her credit card had been hit with more than one thousand unauthorized transactions most of them small, repetitive charges that quietly accumulated over the span of just three days. "I thought the rules were that if it wasn't you, it wasn't you," said Lisa, 66, who asked that her last name not be used, in an interview (1) with The Washington Post. 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 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. Here's where their money is actually going What began...

WASHINGTON On the National Mall this week, Freedom 250 signs pointed visitors toward temporary state pavilions, a Ferris wheel and mobile, transitory history exhibits. Sponsor names appeared beside Trump -aligned programming. Some states were represented by official delegations. Others had opted out , leaving replacement displays or stripped-down booths in their place. As the country prepares to mark its semiquincentennial , or 250th birthday, the splashiest celebrations in Washington are being shaped by corporate money. A CNBC analysis found 14 companies backing both America250 , the nonprofit supporting the congressionally created U.S. Semiquincentennial Commission, and Freedom 250, the Trump -backed public-private partnership behind some of the administration's most visible anniversary events. The companies listed online as backing both are: Boeing , Deloitte, Exiger, John Deere , Lockheed Martin , Northrop Grumman , Oracle , Palantir , Phorm Energy, RTX SAP , Scotts Miracle-Gr...

Charlie Javice scammed JPMorgan out of $175M now the bank must keep paying for her first-class tickets and gummy bears Dave Smith Fri, July 3, 2026 at 9:30 AM PDT 7 min read JPM Spencer Platt/Getty Images A Delaware judge ruled Thursday that JPMorgan Chase (NYSE: JPM) must keep paying the legal bills of Charlie Javice, the startup founder convicted of defrauding the bank into buying her fintech startup, Frank, for $175 million. Magistrate Christian Wright of the Delaware Court of Chancery found the bank had wrongly stopped paying (1), in violation of an earlier order. He ordered it to resume covering her defense costs, with interest. 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 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. Here's w...

Meet the Dividend King With a 64-Year Streak That Wall Street Is Sleeping On Catie Hogan, The Motley Fool Fri, July 3, 2026 at 9:11 AM PDT 2 min read CL NVDA If you're an investor looking for dividend consistency, a yield over 2%, and stock appreciation of 16% year to date, you might be surprised that consumer staples veteran Colgate-Palmolive Company (NYSE: CL) fits the bill. Yes, the maker of cleaning supplies, shower soap, and even pet food has had an excellent year in the market. The company has also paid an uninterrupted dividend since 1895 and increased that dividend for 64 straight years. It is truly one of the most remarkable Dividend Kings available. A Dividend King is a company that has raised its dividend for at least 50 consecutive years. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is fla...

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Image source, MG Finance Group Image caption, Joshua Elash (right) and his deputy CEO Gareth Lewis flew out to the World Cup to watch England play Croatia in their opening match By Jemma Crew and Oliver Smith , Business reporters Published 3 July 2026, 13:14 BST Updated 16 minutes ago As World Cup fever builds ahead of Monday's middle-of-the-night match, businesses are scrambling to work out how they handle the day after. Employees who are hoping to stay up late for England's clash with Mexico - which kicks off at 01:00 BST - will want to know what their options are. While some industries such as manufacturing and retail will be less able to provide flexibility, others are offering bleary-eyed fans later starts so they can catch up on sleep. Joshua Elash, who runs London-based firm MT Finance Group, is allowing his staff to start work at 11:00. "It wasn't a dilemma at all. This was as close to a no-brainer as a business can get," he says. "Everybody at this ...

Financial regulation is struggling to keep pace with the rapid development of artificial intelligence, according to European policymakers, who are grappling with how to support adoption while containing risks to market integrity and stability. Nikhil Rathi, CEO of the U.K.'s Financial Conduct Authority, said the traditional cycle of rulemaking "doesn't work" in an era of fast-moving technological change, particularly as agentic AI development accelerates. "Technology moves incredibly fast, and we need to think differently about some of the innovations that we are seeing on AI," Rathi told CNBC's "Squawk Box Europe" on Thursday. Rathi highlighted the efforts of Britain's Financial Stability Board on frontier AI, as well as the creation of the AI Safety Institute in the U.K., as part of a broader drive to help policymakers, regulators and businesses better understand the risks and adopt the technology safely. Christine Lagarde, president of ...

A prolonged and dangerous period of extreme heat across the central and eastern U.S. is poised to continue into the Independence Day weekend, exposing pressure points for power markets and transport. Temperatures of up to 105 degrees Fahrenheit (40.5 degrees Celsius) are expected, according to the National Weather Service, with some daily, monthly and all-time records possible. The conditions can bring increased risk for heat-related illness, particularly for vulnerable populations and those without adequate cooling, the NWS said. The heat wave threatens to overwhelm U.S. grids and may force some to cancel, postpone or otherwise change their plans on one of the busiest travel weeks of the year. Wholesale spot electricity prices jumped more than 243% in New England and 101% in New York City on Thursday, according to data from the U.S. Energy Information Administration. Power prices also rose by nearly 55% in the Midwest and 45.6% in the Mid-Atlantic. The surge in electricity prices com...

Image source, Reuters By Divya Arya BBC World Service Published 5 hours ago Warning: This story contains descriptions of abuse Instagram has been running paid adverts promoting child sexual abuse material in India, a BBC Eye investigation has found. The ads, seen by the BBC World Service, use terms including "rape video" and "child video" and link users to channels on the messaging app Telegram, where they can buy the material for as little as 99 rupees (about $1). Ads on Instagram are only published after first being approved by its moderation technology. When the BBC reported one of the ads to Instagram, the social media platform responded 24 hours later saying the post did not violate its "community guidelines". Later, when the BBC asked Instagram's parent company Meta for comment, it said it had already disabled several adverts and suspended the accounts posting them. The company said it had removed additional ads, disabled more accounts and block...

Image source, Reuters By Kate Wannel and Joshua Nevett , Political reporter Published 2 July 2026 Updated 50 minutes ago Andy Burnham, who is widely expected to take over as prime minister later this month, has said there is "some room" for movement on tax. In an interview with LBC, Burnham suggested business rates on warehouses could be increased to fund tax cuts for pubs and some high-street businesses. But the newly elected Makerfield MP said he would stick to the pledges Labour made not to raise VAT, income tax or national insurance in its general election manifesto in 2024. He also defended his credibility on economic policy, insisting he would not be "indisciplined" with the public finances if he becomes PM. Some on the left of the Labour Party have called for borrowing rules to be relaxed to fund more public spending. Burnham has faced criticism in the past for arguing , external that the UK had "got to get beyond this thing of being in hock to the bond...

Here’s What the Street Thinks About S&T Bancorp (STBA) Noor Ul Ain Rehman Wed, July 1, 2026 at 12:36 PM PDT 2 min read STBA S&T Bancorp, Inc. (NASDAQ: STBA ) is one of the best cheap small cap stocks to buy now . S&T Bancorp, Inc. (NASDAQ:STBA) received a rating update from Piper Sandler on June 26. The firm lifted the price target on the stock to $51 from $45 and maintained a Neutral rating on the shares, stating that it adjusted price targets in the Northeast bank group as part of a fiscal Q2 earnings preview. For additional reference, in its financial results for fiscal Q1 2026, S&T Bancorp, Inc. (NASDAQ:STBA) reported net income of $35.1 million for the quarter, compared to $34.0 million for fiscal Q4 2025 and $33.4 million for fiscal Q1 2025. Diluted earnings per share came up to $0.94 for fiscal Q1 2026, reflecting an increase of $0.05, or 5.6%, compared to $0.89 for fiscal Q4 2025, and an increase of $0.07, or 8.0%, compared to $0.87 for fiscal Q1 2025. S&T ...

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On the surface, a June drop in the unemployment rate helped provide some upside to what was an otherwise downbeat jobs report but it was for all the wrong reasons. That's because the decline in the jobless level to 4.2%, the lowest in a year, came largely from an exodus of workers from the labor force, according to the Bureau of Labor Statistics data Thursday. In fact, the measure of the working-age population either employed or looking for a job slid to 61.5%, the lowest since March 2021. Excluding the Covid-era jobs market, it was the lowest labor force participation rate in exactly 50 years. The decline in the labor force marks a "massive exodus" driven by multiple factors, said Mike Reid, head of U.S. economics at RBC. "The unemployment rate fell to 4.2% as both the number of unemployed workers and the size of the labor force pulled back," Reid wrote in a post-report commentary. "This may well be a story of retirements but could also be a story of prio...

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 . Is your student loan repayment plan about to be eliminated? What borrowers should know. Kendall Little Senior Writer, Credit Cards Updated Wed, July 1, 2026 at 6:54 AM PDT 8 min read Repaying your student loans isn't just costly it can also be confusing. Both federal and private student loan borrowers have numerous repayment options with varying repayment periods and monthly payments. On top of that, many of the plans for federal loans are changing in 2026 , as updates from the One Big Beautiful Bill Act (OBBBA) are implemented starting in July. Drawn-out court battles can also impact student loan repayment, as happened with the doomed SAVE repayment plan . To help you navigate your student loan payments, here's a closer look at what repayment options are available for federal loans now, new repayment plans comin...