The Global Economic News

The U.S. and Canada continued trade talks Friday, as the clock ticked down to reach a deal before President Donald Trump 's new tariffs on hockey sticks, wine and other Canadian goods take effect. As of 5:30 p.m. ET, negotiators in Washington had yet to emerge from the Office of the U.S. Trade Representative with a final agreement in hand. If no deal is reached by 12:01 a.m. ET on Saturday, the 50% tariffs on roughly $20 billion worth of imports will switch on. Trump, when asked Friday afternoon if the two countries have reached a deal that would avert the looming duties, said, "I think so. We'll see." "We have to take care of our farmers. Our farmers are very important to me," Trump said before boarding Air Force One. "The deal with Canada is moving along," he added. "We should be able to have a deal with Canada." Trump's latest comments differed from his declaration three days earlier that the U.S. and Canada "have a deal...

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This Stock’s Up 60% and Is a Buy If You’re Bullish on U.S. Housing Jim Van Meerten Thu, August 20, 2026 at 8:40 AM PDT 4 min read JHX Getting keys to a house by AndreyPopov via iStock James Hardie Industries (JHX) demonstrates strong technical momentum. Shares are up 60% over the past year. Analyst sentiment is predominantly bullish, with 13 "Strong Buy" ratings and consensus price targets ranging from $33.50 to $65. JHX's outlook is closely tied to the U.S. housing industry; building permit issuance is a key forward indicator for performance. Today's Featured Stock Valued at $17 billion, James Hardie Industries (JHX) pioneered the development of fiber cement technology in the 1980s. It has many product applications including external siding, trim and fascia, ceiling lining and flooring, partitioning, decorative columns, fencing, and drainage pipes. What I'm Watching I found today's Chart of the Day by using Barchart's powerful screening functions to sort...

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...

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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...

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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, ...

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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 ...

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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 ...

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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...