The Global Economic News

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Alibaba’s Chairman Just Bought Shares After a Major AI Funding Deal. How Investors Should View the Move. Ebube Jones Sun, August 30, 2026 at 10:30 AM PDT 6 min read BABA Buy enter button by Ardasavasciogullari via iStock Alibaba Group (BABA) reported a 75% drop in quarterly profit on Aug. 20 as it spent more on AI infrastructure. Even so, revenue rose 9% to nearly $40 billion, while its AI Cloud and Compute Services revenue jumped 45% to $7.2 billion. Three days later, Alibaba raised $10.2 billion by issuing 710 million new shares at HK$112.70 each. The price was 8.4% below the prior close, diluting existing shareholders by about 3.6%. Investors pushed BABA stock lower as they weighed the cost of the company's AI plans. More News from Barchart Wu-Tang Clan Member Raekwon Is a Palantir 'OG,' Visiting Headquarters 16 Years After Receiving His Custom PLTR Jacket Tesla Stock Could Benefit as Trump Locks Down the U.S. Power Grid Tesla Just Killed Its Solar Roof After Years of S...

Image source, Getty Images Image caption, Brands like Uniqlo and Muji have rapidly expanded in India By Nikhil Inamdar Mumbai Published 6 hours ago India's commerce minister Piyush Goyal led the country's largest-ever business delegation to Japan last week in a bid to expand trade and investment ties between the two countries. His visit came as Japan's deepening push into Asia's third largest economy has become increasingly more apparent. If you visit a shopping mall or a high street in Mumbai, Delhi or Bengaluru, it's hard to miss the growing number of Japanese consumer brands that have set up shop across India. Apparel giants Uniqlo and Muji and premium sneakers company Onitsuka Tiger have been around for a while, but are rapidly expanding. Niche players are also here - Nitori, a Japanese furniture maker, entered the market recently, while convenience store chain Lawson , external is on its way, with a plan to reportedly open 10,000 stores by 2050 in India, s...

Indian Prime Minister Narendra Modi has urged Russia to end the Ukraine war and for a cessation of hostilities during his meeting with Russian President Vladimir Putin on the sidelines of the Shanghai Cooperation Organization summit on Monday. "India supports all peace efforts in this area [Ukraine war], and we will continue to do so," Modi said, adding that "we must move from endless war to the end of war, to the cessation of hostilities." "Every day that the war continues, humanity takes a step backwards," Modi said. On Monday, Russia's Defense Ministry said it is planning "massive strikes" on Ukraine's energy infrastructure, days after launching a devastating attack on an ammunition warehouse, amplifying fears of another winter assault. Russian strike on the warehouse is among its deadliest attacks in Ukraine so far, with a death toll of 38. Russian attacks on Ukraine's energy infrastructure during winter pose Kyiv's toughest ...

Image source, Reuters Image caption, The Amazon logo is seen at one of its offices By Lily Jamali North America Technology correspondent Published 4 hours ago The US Federal Trade Commission (FTC) and a bipartisan group of 22 states has filed a lawsuit alleging Amazon secretly overcharged more than a million advertising customers by manipulating online auctions it uses to set ad prices. The FTC and states say in their lawsuit filed Monday that the alleged scheme has likely netted the company $20bn from advertising customers since 2019. "Amazon overrides and replaces the actual auction results with higher prices set by Amazon to increase its profits," says a complaint filed in the company's home state of Washington. In a statement to the BBC, Amazon "strongly disagrees" with the premise that it misled advertisers and called the suit "misguided." In addition to advertisers, the FTC, a US consumer watchdog, and the states say Amazon customers have also b...

Oil trading was once largely the preserve of commodity houses, institutional investors and professional traders able to make bets involving thousands of barrels at a time. That barrier has gotten much lower. CME Group began offering a new futures contract Sunday that represents 10 barrels of West Texas Intermediate crude, which means a trader would pay about $860 at current prices. This compares with 100 barrels for CME's Micro WTI contract and 1,000 barrels for its standard contract. The move marks the latest step in what some market watchers describe as the "democratization" of oil trading, following years of growth in online brokerage platforms, exchange-traded funds and smaller futures contracts. "Trading oil used to be a rich man's game," said Zavier Wong, market analyst at eToro Singapore. "It wasn't that retail couldn't access the market, but it was heavily gatekept by the size of the contracts," he said, adding that online brokers,...

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Just a few carefully chosen words from Federal Reserve Chairman Kevin Warsh convinced markets that he was serious about inflation and ready to recommend an interest rate hike in just a few weeks. The path in that direction, though, still looks cluttered, with plenty of incentive left to convince Warsh and his fellow central bank policymakers that a move isn't necessary yet. Following Warsh's keynote speech Friday at the Fed's annual Jackson Hole, Wyoming symposium, markets flipped on rate expectations. Prior, they expected little likelihood of a rate increase until at least December; after that changed to a high probability of one when the Federal Open Market Committee meets in a little more than two weeks. However, some observers warned that hype for a hike is unjustified. "It is my belief that we've seen a supply shock, and traditionally you don't raise into a supply shock unless you see second- or third-order effects," Treasury Secretary Scott Bessent ...

Everything I Learned from My Hot Chart Summer, and How My 21 Stocks Picks Have Performed. Rob Isbitts Sun, August 30, 2026 at 6:30 AM PDT 7 min read A red flag sitting atop a mountain by Stock by Hemal via Adobe Stock If you had told me at the beginning of May that I would spend part of my summer scanning thousands of stock charts every morning, writing daily stock analysis, and putting my technical reputation on the line across 21 individual picks, I would have been very skeptical. As a veteran portfolio manager, my career has been defined by viewing the investing world from 30,000 feet. I've spent decades focused on asset allocation, macro risk defense, and helping self-directed investors navigate volatile markets. More News from Barchart Jeff Bezos' Heartfelt Tribute to Dolly Parton Drew Brutal Backlash: 'Nobody Wanted to Hear This From You' He Once Gave Her $100 Million for Charity Intel vs. AMD: Why the Market Share Number Is Misleading A $100 Billion Buildout In ...

Drivers in the U.S. won't see lower gas prices from President Donald Trump's massive oil deal with Venezuela because it will take years to significantly boost the country's production, experts say. Trump announced Friday that the U.S. secured majority control over 65 billion barrels of Venezuela's proven oil reserves , around 20% of the 303 billion barrels that the South American nation is thought to possess. But huge investments are needed to extract those reserves. The legality and long-term viability of the agreement with Caracas are also uncertain as the terms have not been disclosed by the Trump administration, experts say. "Nothing has been published, so we're really still operating on Tweets and rumors," said David Goldwyn, who served as a State Department special envoy for international energy affairs under President Barack Obama. Trump promised Friday the deal would "substantially lower gas prices for all Americans, long into the future....

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Image source, Reuters By Ruth Comerford Published 2 hours ago The governor of the Bank of England has warned G20 finance ministers that artificial intelligence could cause a global economic downturn and pose a significant cyber security risk to financial systems. Andrew Bailey said any collapse of growth in the AI sector could lead to a "future market correction" that spreads worldwide. In an open letter to finance ministers in the US on Monday, he said companies around the world should prepare for security breaches "involving simultaneous disruption across multiple firms". Earlier this month, a group of 100 firms , including Google, Microsoft, Anthropic and OpenAI, urged countries and groups to beef up their cyber defences before AI grows powerful enough to override them. Bailey told the G20 finance ministers that a combination of highly priced stock markets, increased borrowing by investors, and the growing concentration of money into a small number of major tech...

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Stocks making the biggest moves midday: PCG, EIX, AAPL, HWM & more Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out some of the companies making the biggest moves midday: PG & E , Edison International The old Pacific Gas & Electric tumbled 19% and Edison slumped 24% after California lawmakers blocked a proposal that would have limited the amount of money individuals could seek from utility companies whose equipment ignited wildfires. After the vote, several Wall Street analysts downgraded the stocks, with Mizuho analysts writing that investors are better-positioned in utilities that have few wildfire liability issues. Apple The consumer tech giant slid nearly 2% after Bloomberg reported, citing people familiar, that the leader of Apple's App Store and product events would be stepping down. The executive, Phil Schiller, will remain at the company and work on unnamed initiatives, Bloomberg ...

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Treasury Secretary Scott Bessent and Federal Reserve Chairman Kevin Warsh christened Monday's gathering of the Group of 20 finance ministers in Asheville, North Carolina, by singing the gospel of growth. "The world is awash in debt," Bessent told reporters before kicking off the two-day meeting, "and the only way for us to get out of this is to grow our way out of this." Bessent is scheduled to be interviewed by CNBC at 10:20 a.m. ET. Warsh, in introductory remarks to the gathering of international finance leaders, central bank governors and other top officials, bid good riddance to the idea of "secular stagnation" what he described as the once-prevailing academic consensus that "all the good stuff had already been invented." "The new period is one of secular growth," Warsh said. "If I were to try to characterize this moment, it would be one of a global investment surge." The meetings nevertheless come at a precarious tim...

Stocks making the biggest moves premarket: CVX, PCG, GME & more Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves premarket: Aon The insurance broker slipped 1.8% after it announced it will buy rival USI Insurance Services from KKR for $17 billion. Aon said the merger will create "the premier U.S. middle-market platform." Energy stocks U.S. oil prices rose more than 3% after the U.S. and Iran exchanged strikes in the Middle East for the first time since July. Energy companies were higher in premarket trading Monday, with Halliburton up more than 2.5% and Chevron up 2%. Valero Energy and Occidental Petroleum were also up 2%, while Exxon Mobil rose more than 1.5%. PG & E The utility company sunk 16% after California lawmakers blocked a proposal that would have limited the amount of money individuals could seek from utility companies whose equipment ig...

Prediction market platform Kalshi is working with brokerage and financial infrastructure startup Alpaca to bring its event contracts to an international audience. Individuals and businesses who use Alpaca's brokerage infrastructure will now have access to Kalshi's event contracts using the same technology utilized on the former's platform to trade other assets. It comes after Alpaca registered with the Commodity Futures Trading Commission to become a U.S.-licensed futures commission merchant , a brokerage that facilitates orders to buy or sell derivatives contracts, earlier this month. Alpaca moved forward with a move into prediction markets because it has seen demand from its users for access to event contracts, chief brokerage officer Tony Lee told CNBC in an interview. "Our mission is really to open up financial services to as many people around the world as possible, and you really have to go where the customer demand is," Lee said. That global potential is w...