The Global Economic News

Netflix Is Losing Viewers To The World Cup. That May Be The Wrong Measure Of The Business. Jim Osman Sun, July 12, 2026 at 8:49 AM PDT 5 min read NFLX (NFLX) reports second-quarter earnings on July 16, three days before the World Cup final. That is awkward timing. The biggest sporting event on the planet is taking viewers away from almost every other form of entertainment, and Netflix does not own the rights. Engagement will likely drop. It would be strange if it did. But I think investors are in danger of drawing the wrong conclusion from that. More News from Barchart Taiwan Just Waved a Red Flag for Nvidia Stock Taiwan Semi Stock Is Approaching Fair Value Ahead of July 16. How to Play TSM Here. Forget GPUs. Nvidia's Next AI Gold Mine Could Be Even Bigger. Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Watching less (NFLX) during the Worl...

Image source, Reuters Image caption, Reform UK leader Nigel Farage By Faisal Islam Economics editor Published 2 minutes ago Who is the biggest purchaser of the world's biggest safe haven asset - gold? China? Japan? One of the Gulf countries, perhaps? In fact, the single biggest buyer of the precious metal last year was a company you've probably never heard of a crypto firm called Tether The El Salvador-based company runs USDT, the world's biggest stablecoin, which is a form of crypto backed up by hard currency. It serves as a conduit between riskier, volatile cryptocurrencies and the conventional finance system, essentially used as an offshore dollar. Yet Tether bought more gold last year than anyone, according to European Central Bank data. It keeps it stored in a James Bond-style Swiss former nuclear bunker, according to Tether's boss. Tether says it also owns as much US Government debt as some G20 nation states, some $135bn ( 101bn), which is more than South Kore...

Stocks making the biggest moves midday: NIO, BRAI, APP, SPCX, SKHY Skip Navigation Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves midday: Braiin The AI platform stock surged 62% after the company launched its Aria, an AI agent designed for the real estate industry. "We believe this creates a scalable recurring software opportunity within a global real estate software market forecasted to reach approximately $32 billion by 2033," CEO Natraj Balasubramanian said in a statement. AppLovin The software stock tumbled 12%, making it the worst-performing S & P 500 member to start the week. The decline also put AppLovin on pace for its sixth daily loss in seven sessions. Biogen Shares added almost 2% after Truist upgraded the biotechnology name to buy from hold. Truist said the stock could see upside after Biogen releases the latest data from investigational drug trials. Nio U.S.-listed ...

Retail investing is booming but the trade is getting pickier: Chart of the Day Retail investor money is moving, but it is not staying put for long. Jared Blikre Sun, July 12, 2026 at 4:47 AM PDT 2 min read SPCX Retail investors are still crowding into the market, just not in the old buy-everything way. VandaTrack data shows retail trading activity near record highs, while net buying the gap between what retail investors buy and what they sell has fallen to its weakest pace since the COVID era. It's a sign that retail money is rotating quickly between trades instead of lifting the whole market. 1-month rolling retail net buying (buys plus sells) across US-listed securities VandaTrack, Yahoo Finance That might look strange at first. Stocks are near records, AI remains the market's dominant obsession, and retail traders are still showing up everywhere from SpaceX ( SPCX ) to crypto ETFs. But the broad retail bid has faded. VandaTrack data shows one-month rolling net buying down t...

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Image source, Getty Images By Theo Leggett International Business Correspondent Published 2 hours ago The chief executive of the German car giant Volkswagen Group has confirmed it is looking to cut up to 100,000 jobs twice as many as previously stated. The group, which includes Porsche, Audi, Seat and Skoda as well as the VW brand, had previously said it would axe some 50,000 posts in Germany by 2030. It suffered a steep decline in profits last year the result of falling sales in key markets, as well as increasing competition from Chinese brands moving into Europe. In a widely-reported memo to staff, chief executive Oliver Blume said the Group's costs were 20% higher compared to rival businesses, and it would need to reduce its outgoings even further. This, he said would mean a theoretical loss of 50,000 jobs worldwide. "We are currently assessing across all brands, companies and regions how many adjustments are actually necessary and feasible," he said. "We need to...

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This is how rich SpaceX workers are after the IPO Damilola Esebame Sun, July 12, 2026 at 7:37 AM PDT 5 min read SPCX 2222.SR ^IXIC Juan Hernandez, who now works as a welder at Jeff Bezos-owned rival Blue Origin, is one of more than 4,400 current and former SpaceX employees who became millionaires on paper when the company went public. When SpaceX hired Juan Hernandez as a welder in 2015, the company offered him $10,000 in stock alongside his $28-an-hour wage. He accepted the equity without giving it much thought, since none of his previous hourly positions had included company shares, Hernandez told CBS News . SpaceX priced its initial public offering at $135 per share ahead of the Nasdaq debut, valuing Hernandez's 6,500 shares at roughly $880,000 at the offer price, Fortune reported . The offering raised $75 billion at an implied valuation of approximately $1.77 trillion, according to Nasdaq , and became the largest initial public offering in history, nearly tripling the previous...

Stocks making the biggest moves premarket: SKHY, MU, MGM Skip Navigation Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves premarket: SK Hynix U.S.-listed shares of the South Korean chipmaker tumbled 8% after their debut on the Nasdaq on Friday when they popped nearly 13%. Seoul-listed shares of the company sunk more than 15% , posting their worst day in history. Memory and chips stocks A slew of names were under pressure as investors again took another look at the viability of the artificial intelligence trade. The Roundhill Memory ETF (DRAM) was off 9% as Sandisk tumbled 5.5%, while Western Digital and Micron Technology were off 5%. Meanwhile, the iShares Semiconductor ETF (SOXX) was off 2%, while Intel declined more than 2.5% and Advanced Micro Devices fell 2%. CCC Intelligent Solutions Shares of the software company were higher by 2% after a Bloomberg report said Elliott Investment Managemen...

Prediction market platform Kalshi is launching a product for its highly active traders on Monday, the company told CNBC. Kalshi Pro, now available to the public, is designed for speculators who trade multiple markets at the same time and or move with speed during live events, according to a memo provided to CNBC. The platform is also designed to support those who run resting orders, trades that don't execute until certain prices are met, the memo said. CNBC reported in the beginning of June that Kalshi was working on a terminal for its high-end traders. Kalshi confirmed the product's development at an event later that month. While publicly available, the Pro product remains in beta testing. The platform also allows traders to see a continuous feed of all public trades, have a better view into individual contracts' order books and provides a simpler way to examine multi-leg contract trades, the memo said. The product is a response to the fact that many of Kalshi's mo...

President Donald Trump on Monday said the U.S. is "going to get paid for guarding" the Strait of Hormuz , the major oil -shipping route and epicenter of the re-escalating war with Iran . "We're going to keep the strait, and we'll probably run it," Trump said in a Fox News interview, which came amid new exchanges of fire between U.S. and Iran that have put the prospect of a peace deal further out of reach. Oil prices rose Monday morning, while stock indexes fell. "We'll become the guardian of the strait maybe we'll call it the guardian angel of the strait," Trump told Fox. "And we should be reimbursed for that." "We can't be expected to do that for nothing, unlike we had for many years," he added. "We guarded it for nothing, and now we're going to guard it, we're going to get paid for guarding it. A lot of money." The president expressed his interest in charging protection money in the strait as Was...

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Image caption, Shilpi Chotrani, who commutes from Spain to Gibraltar every day, can't wait for the removal of the border By Guy Hedgecoe Business reporter , Reporting from Gibraltar Published 13 July 2026, 00:29 BST Every weekday morning, Shilpi Chotrani rides her bicycle from her home in the Spanish town of La Línea de la Concepción to Gibraltar. It's a short journey but it means crossing an international border. A British Overseas Territory of around 40,000 inhabitants, Gibraltar has a border control for those entering and leaving. That means that during the morning and afternoon rush hours, when around 15,000 Spaniards who work in the territory cross the frontier, there can be long, time-consuming queues. "The fact that there is a border between us is ridiculous," says Chotrani, who has a job in human resources in a Gibraltarian shipping and tourism company. "I don't think a fence should separate people from one place and another." Behind her, the 1,...

I inherited $400K that's now worth $900K everyone says I should buy a home, but am I better off staying a renter? Laura Grande Mon, July 13, 2026 at 3:25 AM PDT 7 min read Prostock-studio/Envato For years, people have been telling Lucy to buy a home. And she can certainly afford to. Seven years ago, she inherited about $400,000. Instead of spending it, she invested the money and left it alone. Today, that inheritance has grown to roughly $900,000, thanks to a strong stretch in the markets. But at 28, Lucy isn't convinced buying property is the obvious next step. 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 She isn...

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Hello, this is Leonie Kidd coming to you from London. The jitters around chip stocks have become a persistent market trend. This week kicks off with another leg down, led by South Korea's SK Hynix. Whether it's just profit-taking or signs of deeper concerns about the AI trade remains to be seen. Steep losses for South Korea's Kospi have triggered circuit breakers and halted trading. This comes after index heavyweight SK Hynix sank over 10% in Asian trade. The move reflects a mix of profit-taking and uncertainty over how the newly U.S.-listed shares should be valued relative to the Korean stock. The South Korean memory-chip maker had jumped 13% in its Wall Street debut on Friday, reflecting strong appetite from U.S. investors for AI-linked semiconductor stocks. "Everybody's really confused about what's going to happen to the memory demand and where the fair price is," Daniel Yoo, global strategist at Yuanta Securities, said on " Squawk Box Asia. ...

Image source, Reuters Image caption, Two vessels in the Strait of Hormuz, as seen from Musandam, Oman By Helen Sullivan and Peter Hoskins Published 13 July 2026, 05:06 BST Updated 3 hours ago The US launched a new attack on Iran on Sunday evening, continuing days of strikes between the two countries. Iranian state media reported that the strikes killed one person in southwestern Iran, while four were injured. Within hours of the fresh US strikes, Iran's Islamic Revolutionary Guard Corps (IRGC) said it had struck US military bases in Kuwait, Jordan and Bahrain. The escalating attacks, which cast doubt over the future of the interim US-Iran agreement signed in June, come amid conflicting claims over whether the Strait of Hormuz is open. Iran says it has closed the key waterway until further notice, while the US insists it is open. On Sunday evening, Centcom announced another round of strikes against Iran, which it said started at 17:00 ET (22:00 BST). Dozens of Iranian military targ...

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By Kali Hays Technology reporter Published 1 hour ago SpaceX investors have swung from celebration to apparent concern in its first month as a publicly traded company. When shares in the firm, co-founded and led by Elon Musk, first became available for individuals to buy on the public stock market on 12 June, there was an investor frenzy . Although the company had decided to price its shares at $135 each, the price immediately shot up to $150 that first day, climbing to $176, before closing at $160.95. It solidified SpaceX as the largest initial public offering (IPO) of all time. The following week, its shares went up even further, hitting an intraday high of $225, meaning it had surpassed Amazon and Microsoft in total market value. "With Elon Musk, any company he touches gets people excited," Keith Snyder, analyst at investment research firm CFRA, said. "But this was also the first time people felt like they were able to invest in something that was being marketed as a...