The Global Economic News

Why Medicare Advantage providers are cutting plans and what to do if your coverage is affected Kerry Hannon Senior Columnist Sat, August 15, 2026 at 8:07 AM PDT 5 min read HUM Medicare Advantage plans are shrinking. Last month, Humana ( HUM ) announced that it will exit some Medicare Advantage plans for next year, forcing more than half a million seniors to find a new health plan. The reason for the coverage cutback: high costs and slimmer profit margins in certain markets, according to Humana CFO Celeste Mellet. It's the second year in a row of plan downsizing for Humana. This year, the company exited three states and 194 counties, affecting around 500,000 members. UnitedHealthcare ( UNH ) also jettisoned Medicare Advantage plans that served more than 600,000 seniors. According to KFF research , the percentage of Medicare Advantage enrollees who faced terminated plans this year reached 60% or higher in Wyoming, South Dakota, New Hampshire, North Dakota, and Vermont. Medicare Adva...

The caverns that hold the U.S. strategic oil reserves could get damaged by the rapid release of stockpiles in response to the Iran war, experts warned this week as inventories hit a four-decade low. Damage to the caverns would make it more difficult to respond to future energy emergencies, the experts said. The oil in the Strategic Petroleum Reserve (SPR) is stored at 60 salt caverns thousands of feet underground at four major sites along the Gulf Coast in Louisiana and Texas. The SPR has tumbled below 300 million barrels for the first time since it was filled in the early 1980s, according to Department of Energy data released Monday. Inventories are depleting as the U.S. releases 172 million barrels in response to the supply disruption caused by the Iran war. The SPR will sit at around 243 million barrels after the drawdown is finished. The Energy Department has said at least 70 million barrels must remain in the reserve to safely manage the caverns. Amos Hochstein, a senior energy a...

Mark Cuban calls these investments 'death' for ultra-rich Americans. Are you making the same mistakes? Vishesh Raisinghani Sat, August 15, 2026 at 5:35 AM PDT 7 min read Club Shay Shay/Youtube Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Celebrities and athletes can make millions during their careers, but billionaire investor Mark Cuban has warned that what they do with that money can determine whether their wealth lasts. During an appearance on Shannon Sharpe's Club Shay Shay podcast, Cuban offered some blunt advice for those who suddenly come into wealth: "Don't invest in the restaurant, don't invest in the clothing label, don't invest in the liquor company ... or music," he said. "That is the death!" (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 se...

Iran rebuffed U.S. President Donald Trump's claim that the Strait of Hormuz would soon become U.S. territory, as a ship in the crucial waterway was reportedly struck and negotiations with Tehran appeared no nearer to resuming. "The Strait of Hormuz has been Iranian, is Iranian, and will remain Iranian; this strait will only be closed and opened under Iran's command," Iran's Deputy Foreign Minister Kazem Gharibabadi said in a post on X late Friday. "The Strait of Hormuz cannot be seized by tweet, nor by aircraft carrier, nor by issuing an order, nor by an election speech." Earlier, Trump claimed that after the U.S. defeats Iran, "pretty soon I'll be declaring the Hormuz Strait a territory of the United States ." Trump, known to cite the phrase "to the victor belong the spoils," has floated the possibility that the U.S. could impose tolls in the strait once the conflict ends, though he later dropped the idea. The strait was an open...

Found a great mortgage rate? Beware expert says a low rate blinds’ buyers to a catch that could cost them thousands Mike Crisolago Fri, August 14, 2026 at 4:00 AM PDT 6 min read Fizkes/Shutterstock It's the largest loan most people ever take out in their lifetime, yet some house hunters don't stop to do the math on mortgages before making themselves at home. "Their mind is not so much on a mortgage, which they're going to hold for 30 years or maybe less, but they're really thinking about that home and what we can do with it," John Cooper, a certified financial planner with Greenwood Capital, told Moneywise. "And this mortgage is just a necessary evil to get you into that home." 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 ...

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Beijing is moving to clarify new tax rules on offshore trusts that have sowed confusion among wealthy Chinese citizens and their advisers. China's State Taxation Administration is conducting large-scale training for local tax officers to align on how the levy on offshore trusts some of them set up decades ago should be applied, according to several onshore and offshore tax lawyers. The tax agency has also sent out draft guidelines to onshore law and accounting firms, and plans consultation sessions with lawyers in the coming weeks, according to multiple lawyers and advisors who didn't want to be named discussing sensitive policy matters. Some of those people expect more draft guidance to follow, with the documents eventually made public. The STA has been conducting internal trainings at the provincial, municipal and county level to align interpretation across local tax offices, said Windson Li, co-head of tax for Asia at DLA Piper. The Chinese Embassy in Singapore, and tax bu...

After four-and-a-half years of full-scale war with Ukraine, Russia has become a two-tier economy. "If you are lucky and you're employed by a tank production company, then everything's good. Otherwise, you are probably facing problems," Alex Kolyandr, director for Europe at consulting firm Eurasia Group, told CNBC. Russia's wartime economy has been brought into sharper focus in recent weeks by Ukraine's long-range drone attacks on oil refineries and delivery warehouses. Though it has defied expectations and is even growing slowly, according to recent data, analysts say this masks problems, such as the Kremlin's reliance on military spending, higher taxes and subsidized bank lending. But they question whether this will drive Russia to give up its war. Indeed, Kolyandr warned the worsening economy could incentivize President Vladimir Putin to escalate the conflict. "If I were Putin, God forbid, I would probably decide that it is in my interest to escala...

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Could Alcon (ALC) and RxSight (RXST)’s Partnership Reshape the Future of Cataract Surgery? Laiba Immad Thu, August 13, 2026 at 3:49 PM PDT 5 min read ALC RXST Two ophthalmic technology leaders, Alcon Inc. (NYSE: ALC ) and RxSight, Inc. (NASDAQ: RXST ), earlier on July 6 entered into a strategic collaboration that highlights the evolving landscape of cataract and refractive surgery. The companies announced a non-exclusive pact to co-develop post-operatively adjustable pseudophakic intraocular lenses (PCIOLs). By pairing RxSight's proprietary light-adjustable technology, which allows eye surgeons to fine-tune a patient's vision using UV light after surgery, with Alcon's global commercial footprint and surgical equipment portfolio, the agreement validates RxSight's technology while expanding Alcon's premium lens offerings. Concurrently, Alcon Inc. has strengthened its international presence by opening its second training center in partnership with the Aravind Eye Care...

CEO Steve Huffman Once Said of Creating Reddit, I Just Didn't Want To Look Stupid In Front Of My Parents’ Now RDDT Stock is Joining the S&P 500 Index Sarah Holzmann Thu, August 13, 2026 at 2:57 PM PDT 2 min read RDDT ^GSPC AVB A hand holding a phone with the Reddit logo_ Mamun_Sheikh via Shutterstock_ During a Reddit AMA hosted 11 years ago, a user named GiveMeYourShekels asked newly anointed CEO Steve Huffman a couple of questions: Steve, I'm a huge fan and I'd like to ask what your thoughts are about reddit being a potential game changer in politics and pop culture. Do you believe that the reddit community has an ability to sway public opinion and policy? Did you intend this when you created reddit? More News from Barchart Mark Cuban Says If You Win The Lottery, Don't Take The Lump Sum And Tell People Who Ask for Money No, But 'Be Nice. No One Likes a Mean Billionaire' JPMorgan Just Upgraded Salesforce Stock. Here's Why. SpaceX Could Be Making $235 Bi...

Stocks making the biggest moves premarket: RDDT, AMAT, SNDK, W Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves premarket: Reddit The social media platform surged 12% after S & P Dow Jones Indices said Reddit would join the S & P 500, starting Aug. 18. The company will replace AvalonBay Communities. Applied Materials Shares lost more than 5% in premarket trading after the semiconductor manufacturing equipment maker posted Q2 results that failed to impress investors. The company earned an adjusted $3.50 per share on revenue of $9.12 billion. Sales within its key semiconductor systems division came in at $7.04 billion, only slightly above a FactSet consensus of $6.96 billion. Wayfair The online furniture retailer gained 4% after getting an upgrade from Bernstein to outperform from market perform. ""In a furniture market that is not growing, Wayfair i...

Why higher-rated corporate debt might not be the best trade Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Investors are reassessing positioning within corporate credit across the quality dimensions by using rating classifications as a proxy, amid higher real rates and an elevated AI-related supply, according to Goldman Sachs. "The catalyst has been the growing tension between solid fundamentals and challenging supply technicals within certain 'high quality' rating cohorts," Goldman said in a note Thursday. While the highest rating categories in investment-grade (AA) and high-yield (BB) constitute the highest share of debt issuance historically, their longer duration profiles and thinner spreads also mean that their returns tend to be the most sensitive to higher interest rates, Goldman said. Goldman noted that lower-rated debt has been outperforming even as investors focus on quality, adding t...

The Commodity Futures Trading Commission is conducting an internal review into "mention markets" on prediction platforms , people familiar with the situation told CNBC Friday. Mention markets are made up of contracts where traders speculate on whether specific words will be used in a speech, a corporate earnings call with analysts and investors or a television broadcast. One of the people familiar with the matter said the CFTC first alerted platform Kalshi of the review several weeks ago. The platform removed sports-related mention markets around the same time the CFTC the federal regulator for prediction markets alerted the company, the person said. NPR first reported an inquiry into mention markets late Thursday. It's unclear if the inquiry only applies to sports-related mention markets, or all of them regardless of topic. Kalshi and the CFTC declined to comment. Mention markets are some of prediction markets' most scrutinized offerings. Critics view them as easily...

Mark Cuban Says If You Win The Lottery, Don’t Take The Lump Sum And Tell People Who Ask for Money No, But Be Nice. No One Likes a Mean Billionaire’ Caleb Naysmith Thu, August 13, 2026 at 8:31 AM PDT 4 min read Mark Cuban at TechCrunch Disrupt via Wikimedia Commons There's a certain point when a lottery jackpot gets so big that people start spending it in their heads. Buy the house. Buy the cars. Help the family. Pay off every bill. Never worry about money again. More News from Barchart A $20 Billion Reason Why Intel Stock Is in Focus Marvell Technology (MRVL) Stock Might Offer a Quick Bounce Before Earnings Most Analysts Still Aren't Bullish on Tesla Stock, Even After Recent Selloff. Here's Why. 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! It's a pretty great dream. With the Powerball jackpot recently reaching an estimated $1...

Goldman’s latest cash cow is all about funding the AI infrastructure boom Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Wall Street's largest banks are riding a lucrative new wave bankrolling the AI gold rush. Goldman Sachs was a key facilitator in this week's artificial intelligence funding announcements from both Nvidia and Intel . These are just two of several recent high-profile wins, providing a financial windfall for the venerable investment bank. All three of the stocks are major positions in the CNBC Investing Club portfolio. It started Monday, when Nvidia said that Goldman and five other financial institutions would combine efforts to raise $500 billion of financing to fund the AI buildout. The revenue-generating compute infrastructure serves as the cash flow-yielding collateral for those funds, much like commercial real estate or toll roads. Jim Cramer called the Nvidia idea, which is still a ...