The Global Economic News

Countries that calculate appeasement of the regime to be a safer choice should reconsider 🔥 EXCLUSIVE PARTNER OFFER Magcubic 8K Wifi6 Projector 290ANSI Android 14 Dual WIFI Allwinner H726 BT5.0 1280*720P Home Cinema Outdoor portable HY300 Pro + Special Price 💎 Exclusive offer! The product everyone is talking about is now at a special price. 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.ft.com/content/cb865200-1a06-40be-86a3-10ee2bb05804 © EcoNews DZ — Global Economic & Financial News

Tariff refunds are hitting retailers' wallets. Here's what they're doing with the money. Brooke DiPalma Senior Reporter Sat, August 22, 2026 at 7:29 AM PDT 4 min read AMZN TGT WMT America's biggest retailers are now sitting on tariff refund checks from the federal government. How they plan to spend the billions of dollars in returns is up to them. The retailers, including Amazon ( AMZN ), Target ( TGT ), and Walmart ( WMT ), are taking various approaches. Some have offset their costs and cushioned their margins, while others have invested in marketing and cutting prices. In a small number of cases, some even claim plans to return the money to customers. More from Yahoo Scout What challenges do retailers face with tariff refunds? Why did Amazon decide to refund customers directly? How are major retailers using their tariff refunds? Which companies received the largest tariff refund amounts? David Silverman, senior director at Fitch Ratings, noted that the billions in re...

Gilead’s HIV Business is Surging, but is the Company Too Dependent on One Franchise? Noor Ul Ain Rehman Sun, August 23, 2026 at 4:15 PM PDT 4 min read GILD Gilead Sciences, Inc. (NASDAQ: GILD ) delivered strong fiscal Q2 2026 results, with total revenue rising 10% year over year to approximately $7.8 billion. The performance was primarily driven by continued growth across its HIV franchise, including Biktarvy and the newly launched Yeztugo. Gilead also raised its full-year product-sales guidance following the quarter. However, HIV products generated nearly three-quarters of quarterly product sales. While the company's HIV business is showing promising growth, is Gilead Sciences, Inc. (NASDAQ:GILD) too dependent on one franchise? Regulatory Milestone Boosts Gilead’s Presence in Liver Disease Care Bull Case One of the most prominent factors supporting higher revenue growth for Gilead (NASDAQ:GILD) was increased sales of its HIV products, Trodelvy (sacituzumab govitecan-hziy) and Liv...

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Treasury Secretary Scott Bessent will hold a press conference Monday to announce sanctions against Iran that he described to CNBC as the greatest campaign of "coordinated economic isolation in the history of the world." "At dawn begins an economic D-Day the single greatest financial offensive ever marshalled against an adversary," Bessent said in an opinion piece he authored in The Financial Times on Sunday. The Teasury Secretary told CNBC on Thursday that the U.S. will "collapse" the Islamic Republic with the "toughest sanctions in history." The Trump administration demands that U.S. allies and the rest of the world stop doing business with Iran, Bessent said. The U.S. will use its "full might" against anyone who does not comply, he told CNBC. "We are going to them and saying you are either with us or against us," Bessent told CNBC. "It is time for our allies and the rest of the world to make a decision, and we are goin...

Article about global economy: Japan’s stock market setup looks similar to late 2023. Here’s what it means 🔥 EXCLUSIVE PARTNER OFFER HOMEFISH 12000mAh Camping Ceiling Fan Portable Outdoor Tent Air Circulator Cooling Fan with High Capacity Special Price 💥 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.investing.com/news/stock-market-news/japans-stock-market-setup-looks-similar-to-late-2023-heres-what-it-means-4872475 © EcoNews DZ — Global Economic & Financial News

Image source, Getty Images By Lucy Hooker Business reporter Published 23 August 2026, 00:00 BST Updated 9 hours ago Higher energy bills this winter mean the government should step in to provide more help for households most in need, the body representing energy firms in the UK has said. Stubbornly high prices over the last few years have left some people needing "emergency support" over and above the existing 150 Warm Home Discount, Energy UK said. A "better targeted" support scheme that takes into account someone's income, health and energy consumption was needed, it added. On Wednesday, the energy price cap for October onwards will be announced by regulator Ofgem and is expected to hit a three-year high. A government spokesperson said that in addition to the Warm Homes Discount it was cutting VAT on electricity bills and would do "everything we can" to shield consumers from global energy shocks. Energy UK chief executive Dhara Vyas said: "Suppl...

Rachel Cruze and George Kamel share the spending 'clues' that reveal if you're broke, average or wealthy Rebecca Payne Sun, August 23, 2026 at 10:00 AM PDT 6 min read youtube.com / The Ramsey Show Highlights It's always helpful in life to take a step back and look at the big picture and it's not a bad idea when it comes to your finances, either. The day-to-day management of money can sometimes cloud what's happening as a whole. So, to help you gain perspective on what your spending, saving and investing habits say about where you're at, " The Ramsey Show " co-hosts Rachel Cruze and George Kamel offered up "clues" to determine where you're at in terms of financial wellness. 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...

Walk the halls of any major banking conference or listen in on a quarterly earnings call, and one topic keeps coming up: With the window for mergers wide open under the Trump administration, who will take a swing? After years on the sidelines because of regulatory restrictions, large banks can once again contemplate buying other lenders, even a $100 billion-plus-asset regional bank. While JPMorgan Chase and Bank of America are barred from such a deal because they already have more than 10% of national deposits, there are two megabanks that could pursue a large acquisition: Citigroup and Wells Fargo . The nation's third- and fourth-largest banks have enough room under the national deposits cap to pursue a hefty regional bank, according to investment bankers, consultants and investors. "Two years ago, it was impossible for a bank of that size to get approval to acquire almost anything," said Brian Graham , co-founder of advisory firm Klaros . "Now, it's possible t...

Rocket Mortgage pushes home equity loans to wipe out credit card debt here's how that could backfire on homeowners Vawn Himmelsbach Sun, August 23, 2026 at 8:00 AM PDT 6 min read Geber86/Shutterstock With many Americans feeling financially squeezed at the grocery store and at the gas pump, it's not surprising, perhaps, that they're increasingly using credit cards to cover the bills. U.S. credit card balances rose to a total of $1.263 trillion in Q2 2026, up $1.242 trillion at the beginning of the year, according to the latest consumer debt data from the Federal Reserve Bank of New York . 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 The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are...

Norway plans to give another 85 billion Norwegian crowns ($9.2 billion) in financial support to Ukraine in the 2027 fiscal year, in line with the amount given in 2026, the Nordic country's government said in a statement on Sunday. Norwegian Prime Minister Jonas Gahr Stoere and leaders from across the Nordic and Baltic region are visiting Kyiv on Sunday in a show of support for Ukraine in the war with Russia. Norway's donation will be for both military and humanitarian spending, Stoere was quoted as saying in the text of a speech released by the government in Oslo. "Supporting and rebuilding Ukraine is not assistance alone. It is an investment in Europe's own security," Stoere said. In comments published on Saturday, Russian President Vladimir Putin said that Kyiv had opened a "Pandora's box" with its strikes on Russian economic targets and that Moscow would hit back at Ukraine's "most sensitive economic sectors". Russia and Ukraine are...

The Bond King Goes Bananas Over Nvidia's $500 Billion Move. How It May Be Affecting Your Portfolio. Rob Isbitts Sat, August 22, 2026 at 6:00 AM PDT 5 min read NVDA BLK The title of the "Bond King" is somewhat in contention. Many would give it to Bill Gross, though over the years, a younger Jeffrey Gundlach has at least shared the title. In any case, when Gundlach posts something like this, it is worth . . . peeling back, shall we say? www.x.com Gundlach took aim at Wall Street's newest financial engineering trend. His beef? Nvidia's (NVDA) agreement with major private credit and asset management firms such as Apollo, BlackRock, Blackstone, KKR, and Goldman Sachs. More News from Barchart Nvidia Q2 Preview: Strong Earnings and Low Valuation Set the Stage for Upside Third Point Starts to Raise Alarm Bells on Broadcom After Dumping AVGO Stock in Q2 A $28.7 Billion Reason to Buy SK hynix Stock Now Tired of missing midday reversals? The FREE Barchart Brief newsletter k...

NEWARK, New Jersey Scott Kirby says he doesn't believe in revenge. "Everyone thinks I do, but no, I don't," said the United Airlines CEO, whom American Airlines fired 10 years ago , when he was president of that carrier. "I compete aggressively." United announced it had hired him as president on Aug. 29, 2016, a blink after American disclosed his departure. Now, Kirby is running the second-most profitable U.S. airline after Delta Air Lines . And his former employer, American, is a distant third of the big, more-than-century-old, U.S. carriers, though it's working to ramp up revenue through a host of upgrades, including bringing back seatback screens . Kirby floated the idea of megamergers with both Delta and American in the past year, combinations that would bring together some of the biggest airlines in the world. He's so far been rebuffed, and antitrust experts were skeptical about the possibility. He's thinking bigger than he has before as th...

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A small power plant in the U.K. was shut down for four days in July following a cyberattack carried out by hackers linked to Iran, The Telegraph newspaper reported Sunday. The paper said the incident happened around the time that U.S. authorities including the Federal Bureau of Investigation warned about malicious cyber actors targeting water facilities across at least seven states. The Cybersecurity and Infrastructure Security Agency, FBI, Environmental Protection Agency and other agencies blamed Iran .. A U.K. government spokesperson declined to attribute blame for the reported power outage or identify the facility. "This story refers to an incident impacting a small-scale energy generator, and at no point was there a risk to the wider energy system," the spokesperson told CNBC in a statement. "The U.K. has a highly resilient energy system. We work closely with the energy sector to protect infrastructure and ensure the highest security standards." The government...

A stolen wallet gives thieves access to your identity and finances here's what to do before the damage spreads Paul Kim Sat, August 22, 2026 at 3:00 AM PDT 5 min read StockLab/Shutterstock In April 2026, wallets, purses, and other belongings started disappearing out of cars parked around fitness centers across Fairfax County in Alexandria, Virginia, according to The Alexandria Brief . In late June, the Alexandria Police Department arrested a man who they say was taking these belongings from unlocked cars and using stolen credit cards to purchase gift cards at nearby retailers before the victims realized their things had been stolen. While cash and credit cards are the obvious targets in wallet theft, your personal identification may be even more valuable in the wrong hands. Documents often found in your wallet, like your social security card, driver's license, and health insurance card can give thieves access to your identity and finances. If left unchecked, you could be liabl...

Couple finds $5 on the ground and wins $400,000 after buying a lottery ticket what experts say they should do next Emma Caplan-Fisher Sat, August 22, 2026 at 2:45 AM PDT 5 min read Yevhen Prozhyrko/Shutterstock Sometimes the best financial decisions start with a lucky break. For one couple, both 26 years old, that break was a $5 bill they found on the ground during a vacation which they used to buy a lottery ticket that won them $400,000. The husband called into The Ramsey Show last week, where financial experts George Kamel and Dr. John Delony were hosting, to get advice on what they should do with the money. 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 The tax breaks in Trump's 'big beautiful bill' expire after 202...

Micron (MU) Fell 7%. Is the AI Memory Trade Now Too Expensive? Jeff Lewis Fri, August 21, 2026 at 5:12 PM PDT 4 min read MU Micron Technology, Inc. (NASDAQ: MU ) fell 7% to $940.76 on August 19 amid a semiconductor selloff as rising bond yields increased scrutiny of highly valued AI stocks. The Philadelphia Semiconductor Index dropped 5%, and Micron's decline followed an almost 18% gain over the previous five sessions. Even after the reversal, the shares have more than tripled in 2026. The operating story remains exceptionally strong, including $22 billion of projected cash deposits and related financial commitments under multiyear supply agreements, approximately $18 billion of which will be cash deposits. For Micron Technology, Inc. (NASDAQ:MU), the question is whether those contracts have made the memory cycle durable enough to support a valuation whose staying power depends heavily on sustained AI demand. Micron Technology, Inc. (NASDAQ:MU) says the agreements provide unusual ...