The Global Economic News

Scott Bessent just cried uncle on the bond market: Chart of the Day Jared Blikre Thu, August 20, 2026 at 7:36 AM PDT 3 min read ^TYX DX-Y.NYB Uncle Sam is buying more of his own debt. The surprising part isn't how much it's why Scott Bessent's Treasury decided to act now. The US Treasury unexpectedly said Wednesday that it will step up purchases of long-term government bonds, giving a stressed corner of the market more support. The bond market responded immediately then partially reversed course. The 30-year Treasury yield ( ^TYX ) fell to 5.19% Wednesday, its biggest one-day drop in 10 months, before rebounding sharply early Thursday. The dollar index ( DX-Y.NYB ) fell 0.75% Wednesday, its biggest drop since April 30, and was little changed Thursday. The timing is what makes the move unusual. Only two weeks ago, Treasury laid out its normal quarterly financing plan and left its long-term buyback cap at $2 billion. Wednesday, it said that cap would rise to at least $4 bill...

Ken Griffin’s hedge fund has executed more than $4bn worth of block trades in recent weeks 🔥 EXCLUSIVE PARTNER OFFER RYET 3D Printed Bicycle Saddle Ultralight Carbon Fiber Hollow Comfortable Breathable MTB Gravel Road bike Cycling Seat Parts Special Price 🎁 Special promotion! Perfect gift idea at an unbeatable price. Shop now! 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.ft.com/content/1603577e-89d8-4cfa-884b-b83fbb8dd20e?syn-25a6b1a6=1 © EcoNews DZ — Global Economic & Financial News

Bitcoin's more than 20% rally this week has sent the cryptocurrency to heights it hasn't seen since May, but traders on prediction market platform Kalshi see it ending 2026 near current levels. Speculators estimate that bitcoin's price at the end of 2026 will be around $75,000, based on an average of contracts on the platform. The contracts on Kalshi ask traders to place "yes" and "no" trades on whether the cryptocurrency will trade within various $5,000 ranges at midnight on Jan. 1, 2027. Contracts are resolved using bitcoin price data from CF Benchmarks. Bitcoin's surge this week has been powered by two key catalysts: an intervention by the U.S. Treasury to ease a sell-off in the bond market in turn, relieving pressure on risk assets and an event at the White House where President Donald Trump, crypto executives and regulators pushed for Congress to approve the market structure Clarity Act proposal. The outlook for where bitcoin will end the year ...

Image caption, Andy Peach and his wife spent nearly 4,000 for their cruise with TUI By Katy Austin , Transport correspondent and Simon Browning , Transport reporter Published 20 August 2026 Dozens of people have accused TUI River Cruises of operating vessels with faulty facilities including persistently broken air conditioning, after they spent thousands of pounds on holidays. Earlier this year passengers on the Skyla, a ship operated by TUI, contacted BBC Your Voice to say they had been stranded in Budapest during a heatwave with little to no air conditioning . Following that report more people got in touch to say they faced similar problems on both the Skyla and its sister vessel, the Isla. They criticised TUI's customer service and said the refunds offered were inadequate. TUI apologised to customers where trips "fell short of the standards we aim to deliver". A spokesperson for TUI, said: "We understand the disappointment and frustration caused to affected custo...

By Dharshini David , Deputy economics editor , Raphael Sheridan , Economics reporter and Jess Carr , Data designer Published 21 August 2026, 00:10 BST Updated 8 hours ago Leaving education, getting a job, buying a home and perhaps starting a family: the path previous generations followed may seem a distant dream to many now. But is it getting a bit easier - at least when it comes to getting on the housing ladder? Today's prospective first-time buyers may well feel hard done by; they are still worse off than recent generations. If you were born in the UK in the mid-1990s you've about a 25% chance of owning your own home, as this chart shows. Twenty-somethings in the 1990s were almost twice as likely to be on the housing ladder, the previous generation even more so. But before looking at the current picture, what's behind the longer term shift? One issue is that property prices have outpaced incomes across many decades. In the chart below, housing economist Paul Cheshire p...

Article about global economy: Top Business and Info Services Stocks, Deutsche Bank Says 🔥 EXCLUSIVE PARTNER OFFER EasyThreed 3D Printer Entry Level Compatible with PLA TPU 1.75mm Filament include Power Adaptor. Special Price 🌟 Hot deal! This trending product is flying off the shelves. Get yours before it's too late! 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.investing.com/news/stock-market-news/top-business-and-info-services-stocks-deutsche-bank-says-93CH-4871954 © EcoNews DZ — Global Economic & Financial News

Stocks making the biggest moves premarket: BJ, AVG, COIN, ROST Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves premarket: BJ's Wholesale Shares ticked slightly higher after the wholesale retailer posted better-than-expected results for the second quarter. BJ's earned $1.36 per share, excluding certain items, on revenue of $6.09 billion. Analysts polled by FactSet expected a profit of $1.17 per share on revenue of $5.97 billion. It also increased its earnings per share guidance for the fiscal year to $4.60 and $ 4.80 from $4.40 to $4.60. Ross Stores Shares were up over 8% in premarket trading after the retail company posted second-quarter results that exceeded analyst expectations. Ross Stores also issued third-quarter earnings guidance that outperformed estimates. Crypto-related stocks The group rose broadly as bitcoin continued its march higher on Friday, ...

After the dreamworld of the 2010s, the link between power and fiscal capacity is back 🔥 EXCLUSIVE PARTNER OFFER 3300Ft Electric Dog Training Collar Remote Control Waterproof Pet BehaviorFor 5-120lbs Puppy With Shock Vibration Special Price ⚡ Flash sale! Get the best deals on AliExpress today. Hurry, stocks are limited! 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.ft.com/content/5b459fd3-8170-4c43-8db3-3f76d4ab891d © EcoNews DZ — Global Economic & Financial News

This report is from this week's The Tech Download newsletter. Like what you see? You can subscribe here. Meta says it faces a trillion-dollar penalty and damage to its advertising model. But the trial could go well beyond one company. It could make social media unrecognizable. The states want the court to force Meta to remove "certain addictive design features" from its platforms, Instagram and Facebook. These include infinite scrolling, autoplaying videos, disappearing content such as Instagram Stories, beauty filters, and algorithm-dominated feeds. During her opening statements on Tuesday, California's deputy attorney general, Megan O'Neill, said that Meta is choosing profit over safety, hiding the "reality" of under-13s on its platforms, and that its business model is to "hook the users, hold them for as long as they can, harvest their data, and then hide the truth from the public." "This trial is potentially the end of social media as...

Copper Just Overtook Iron Ore at BHP Group (BHP). Is Its Portfolio Finally Re-Rating? Jeff Lewis Wed, August 19, 2026 at 6:01 PM PDT 4 min read BHP BHP Group Limited (NYSE: BHP ) delivered the clearest evidence yet that its earnings center has shifted. Copper generated $18.19 billion of underlying EBITDA in the year ended June 30, overtaking iron ore's $14.53 billion and contributing more than half of group EBITDA for the first full year. Underlying attributable profit rose 30% to $13.2 billion, above consensus estimates of $12.66 billion, while Australian shares climbed as much as 4.2% to a two-month high. The balance sheet reinforced the message. BHP Group Limited (NYSE:BHP) reduced net debt to $8.69 billion and lifted its FY2026 dividend to $1.72 per ordinary share, the highest in four years. The question is whether investors should now treat this as a structural copper transformation or another commodity-price windfall. For BHP Group Limited (NYSE:BHP), the portfolio shift is ...

The far-right convener on his violent upbringing in South Africa, why he admires Vladimir Putin and Tommy Robinson — and his on-off relationship with his son 🔥 EXCLUSIVE PARTNER OFFER 14/18 in 1 Led Acrylic Car Ambient Light RGB 64 213 Color Symphony Acrylic APP Streamer Atmosphere Lamp Kit One Zone Dual Zone Special Price ⚡ Flash sale! Get the best deals on AliExpress today. Hurry, stocks are limited! 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.ft.com/content/ded0ef2a-fb61-4960-981d-5bcf5f0c6bf2?syn-25a6b1a6=1 © EcoNews DZ — Global Economic & Financial News

World’s biggest cryptocurrency on track for best week in more than three years 🔥 EXCLUSIVE PARTNER OFFER DAREVIE Cycling Jersey Long Sleeve Pro Aero Small Size 3D Bubble Mesh Cycling Jersey Men Women Breathable Man Cycling Maillot Special Price 🎁 Special promotion! Perfect gift idea at an unbeatable price. Shop now! 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.ft.com/content/7e0c8dc0-e957-420a-bba3-d33666d919b8?syn-25a6b1a6=1 © EcoNews DZ — Global Economic & Financial News

Image source, Getty Images By Faarea Masud Business reporter Published 21 August 2026, 08:22 BST Updated 24 minutes ago The government borrowed more than expected in July, according to figures published as Chancellor John Healey draws up his first Budget. The Office for National Statistics (ONS) said borrowing, the gap between what the government spends and what it collects in tax, was 1.8bn during the month. Official forecasters had expected a surplus of 500m, meaning the government borrowed 2.3bn more than predicted. Economists warned the figure will restrict Healey and Prime Minister Andy Burnham's room for manoeuvre as they target measures aimed at easing the cost of living for households, with little room to increase borrowing in the Budget on 27 October. Healey has made it clear he will oversee "strong fiscal discipline" at the Budget which will limit how much the government has to spend. He has adopted his predecessor Rachel Reeves' fiscal rules, which commit ...

Article about global economy: However you measure it, China’s job market is weak 🔥 EXCLUSIVE PARTNER OFFER AMD BC 250 placa de vídeo brand new graphics card 16GB GDDR6 256-bit SINGLE CARD gpu tarjeta gráfica For desktops PC Special Price 🌟 Hot deal! This trending product is flying off the shelves. Get yours before it's too late! 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.economist.com/finance-and-economics/2026/08/20/however-you-measure-it-chinas-job-market-is-weak © EcoNews DZ — Global Economic & Financial News

Economic pressure is the United States' "most effective tool" against Iran, according to U.S. Vice President JD Vance. Speaking on a podcast, Vance said that the move was "a delicate dance" as both sides apply pressure to each other, but added that "what has been true over the last couple of weeks is they felt a lot more pressure than we have." His comments come after U.S. President Donald Trump said the U.S. will launch what he called the "most crushing economic operation ever taken against any country" against Iran. Trump also threatened severe financial penalties on any nation that helps Tehran evade sanctions, and added that "this will be Economic Warfare and Isolation on an unprecedented scale." Vance, in his remarks, said pump prices for Americans are still elevated, but claimed that they have come down "substantially" because the U.S. has managed to get "a lot of oil and gas out" of the Strait of Hormuz d...

U.S. Debt Nears $40 Trillion: The ETFs Getting Hit and the Ones Investors Are Fleeing To ETF.com Staff Wed, August 19, 2026 at 12:02 PM PDT 7 min read SGOV TLT GLD BIL Treasury bills The numbers have reached a scale that markets can no longer ignore. The U.S. fiscal deficit jumped to $432 billion in July alone, the biggest monthly shortfall since early 2021, pushing the year-to-date gap to nearly $1.8 trillion, with the full-year deficit expected to approach $2 trillion. The national debt is nearing the $40 trillion milestone, and the cost of financing it has ballooned to roughly $1.2 trillion so far this year, on pace for about $1.37 trillion for the full fiscal year. The result has been a sharp move higher in long-term Treasury yields. The 30-year bond hit 5.33% in mid-August its highest level in 19 years while the 10-year note pushed toward 4.75%, a 20-month high before the Treasury stepped in this week to announce increased buying of longer dated bonds. Bond strategists point to a...

New management wants the sport to become more commercial, but others worry billionaires have too much say 🔥 EXCLUSIVE PARTNER OFFER Blackview WAVE 10, 8 Go + 128 Go, écran 6,88 pouces, Android 16, processeur octocœur Unisoc UMS9230E, réseau : 4G, OTG (bleu iris) 91.7 💥 Massive discount! Save big on this must-have item. Free shipping available! 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.ft.com/content/d286cb7f-c63e-42a6-86db-d0a9ad0f296a?syn-25a6b1a6=1 © EcoNews DZ — Global Economic & Financial News

Strategy Just Sold $334 Million in Shares to Build Cash and Buy Back Preferred Stock. This Hits MSTR Stock Holders With Dilution. Ebube Jones Wed, August 19, 2026 at 10:36 AM PDT 6 min read MSTR BTC-USD DX-Y.NYB A Bitcoin (BTCUSD) treasury is only as strong as the financing behind it. That reality is front and center for Strategy (MSTR), formerly MicroStrategy, which has shifted its immediate priority from adding to its Bitcoin reserve toward safeguarding liquidity and managing the obligations attached to its preferred-stock capital structure. Strategy raised $333.7 million by selling its shares to repurchase Stretch (STRC) preferred and added $149.1 million to its U.S. dollar reserve. Importantly, the company made no Bitcoin purchases or sales during the week, leaving its holdings unchanged at 840,447 BTC. More News from Barchart Barron Trump, 20, Now Worth $150 Million More Than Mom, Melania From Crypto And $39 Energy Drink Billionaire Michael Saylor Warns Against Buying a House Bec...

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 . Indexed universal life insurance (IUL): Risks, costs, and how it works Cassidy Horton Contributing Writer Wed, August 19, 2026 at 8:50 AM PDT 6 min read Depending on who you ask, indexed universal life (IUL) insurance is either a powerful wealth-building strategy or an overly complicated insurance product that promises more than it delivers. However, the truth could lie somewhere in the middle. An IUL is first and foremost a life insurance policy. Like other permanent life insurance products, it can provide lifelong coverage and build cash value over time. But what makes it different is how that cash value grows. Instead of earning a fixed interest rate, it's tied to the performance of a stock market index, such as the S&P 500. Here's how indexed universal life insurance works, who it may be a good fit for, a...

US Treasury secretary has made a high-stakes bet he can beat back soaring borrowing costs 🔥 EXCLUSIVE PARTNER OFFER AKKO TAC75 HE Magnetic Switch Keyboard 75% Gaming Keyboards Rapid Trigger 0.005mm 8K RGB Wired Esports Custom Keyboard for Gamer Special Price 🌟 Hot deal! This trending product is flying off the shelves. Get yours before it's too late! 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.ft.com/content/14b25583-c64d-4a97-9f6d-359908638e28?syn-25a6b1a6=1 © EcoNews DZ — Global Economic & Financial News