Economy Desk

The Economy Desk leads The Eastern Herald's coverage of global markets, monetary policy, and corporate earnings — including the Federal Reserve, the European Central Bank, OPEC+ output decisions, and the largest US-listed technology and energy companies. The desk verifies through named primary filings and corroborates with Bloomberg, Reuters, the Financial Times, and CNBC.

Job seekers at an employment fair in the United States ahead of the May 2026 jobs report

US Economy Adds 172,000 Jobs in May, Doubling Forecasts as Iran War Fails to Break Labor Market

US employers added 172,000 jobs in May 2026, roughly double Wall Street's 85,000 forecast, as the labor market shrugged off Iran war energy costs for a third straight month of six-figure gains.

June 5, 2026

by Economy Desk

The Jobs Report That Broke Wall Street’s Bet and Handed Kevin Warsh an Impossible First Test

May nonfarm payrolls surged to 172,000 — more than double what Wall Street had penciled in — upending months of market positioning and forcing traders to price in a Federal Reserve rate hike before Warsh chairs his first policy meeting.

June 5, 2026

by Economy Desk

SpaceX Falcon 9 rocket launches as the company sets a fixed $135 IPO share price targeting a $1.77 trillion Nasdaq debut in June 2026

SpaceX IPO Roadshow Launches at $135 a Share, and Jamie Dimon Is Personally Selling It to 2,500 of America’s Wealthiest Investors

NEW YORK — On Thursday morning, from JPMorgan Chase’s glass tower overlooking Park Avenue, Jamie Dimon

William Hill betting shop exterior Britain Evoke Bally's Intralot takeover 2026

Greek Lottery Giant Bally’s Intralot Agrees £243m Takeover of William Hill Owner Evoke

Athens-listed Bally's Intralot has agreed to acquire Evoke — the owner of William Hill, 888, and

Smoke billows from a Gazprom Neft oil refinery in Russia

Gazprom Seals New Deal to Boost Gas Supplies to Kazakhstan as Miller Meets Sklyar at SPIEF

Russia's Gazprom and Kazakhstan's presidential administration signed an agreement at SPIEF on Thursday for additional gas supplies in 2026, deepening the two countries' energy ties even as Astana's domestic demand strains its

June 5, 2026

Business·Economy·News

For Sale sign displayed outside a home in Portland Oregon as US mortgage rate falls to 6.48 percent June 2026

US Mortgage Rate Eases to 6.48% From Nine-Month High as Iran War Keeps Buyers Sidelined

The 30-year fixed mortgage fell to 6.48% from 6.53%, Freddie Mac reported Thursday, retreating from its highest level in nine months — but the Iran war's grip on oil prices and inflation

June 4, 2026

Business·Economy·News

Delegates walk through the exhibition hall at the 29th St. Petersburg International Economic Forum, June 2026

Russia and Saudi Arabia Eye $10 Billion Trade Target as Payment Barriers Slow Centennial Partnership

The head of the Russian-Saudi Business Council set a $10 billion trade target at SPIEF 2026, but acknowledged that payment system restrictions remain the primary obstacle — even as bilateral commerce has

June 4, 2026

Business·Economy·News

A hiring sign displayed at a restaurant in Morton Grove Illinois as US weekly jobless claims hit 225000 highest since February 2026

US Jobless Claims Hit Four-Month High of 225,000 as Employers Post Jobs But Refuse to Hire

Initial unemployment filings surged to 225,000 last week, the highest since February, as American employers posted a near two-year record of 7.6 million job openings while slashing their actual hiring — a

June 4, 2026

Business·Economy·News

Kevin Warsh takes oath of office as Federal Reserve Chairman at White House ceremony, May 22, 2026

IMF Warns US Inflation Relief Delayed to 2027 as Tariffs and Oil Keep Prices Elevated

The IMF told reporters Thursday that the American economy is growing at around 2 percent but faces a compounding inflation problem — trade tariffs pushing up goods prices from one direction and

June 4, 2026

Business·Economy·News

IMF Director for Middle East and Central Asia Jihad Azour speaks at press conference on regional economic outlook, Washington April 2026

IMF Warns Europe Gasoline Up 40%, Jet Fuel Up 35% Since Iran War Began

The IMF's Julie Kozack said Thursday that European gasoline prices have risen 40% and jet fuel 35% since the Iran war began, as oil product reserves approach critically low levels. The Strait

June 4, 2026

Business·Conflicts, Military and War·Economy·News

IMF Asia and Pacific Department director Krishna Srinivasan speaks on regional trade integration and economic outlook at press conference Washington DC

IMF Urges Countries to Pursue Regional Trade Integration as Global Trade Order Fractures

The IMF's Julie Kozack told reporters on Thursday that global trade has been fundamentally reconfiguring over 18 months, urging countries to seize untapped regional integration opportunities before the new economic geography hardens

June 4, 2026

Business·Economy·News

IMF official speaks on global growth downgrade and Middle East energy shock at 2026 Spring Meetings Washington

Novak Warns Global Growth Downgrades May Be Too Optimistic If Middle East Conflict Drags On

Russia's deputy prime minister told the St. Petersburg forum on Thursday that the 0.3-percentage-point cuts major agencies have already made to global growth forecasts could deepen significantly if the Middle East conflict

June 4, 2026

Business·Economy·News

Saudi Arabia Energy Minister Prince Abdulaziz bin Salman speaks at OPEC International Seminar in Vienna Austria 2023

Russia-Saudi Energy Ties Reach Strategic Level, Dmitriev Says at SPIEF as Abdulaziz Meeting Planned

Kirill Dmitriev, Russia's presidential envoy for economic cooperation, told reporters at SPIEF 2026 that the Russia-Saudi energy partnership has reached a 'powerful strategic level' — a striking admission from the man who

June 4, 2026

Business·Economy·News

Crude oil tanker at Port of New York and New Jersey amid global oil supply disruptions in 2026

Hydrocarbons Still Control 84% of Global Energy Mix, Russia’s Novak Says at SPIEF

Russian Deputy Prime Minister Alexander Novak told SPIEF on Thursday that hydrocarbons account for 84% of the global energy mix, directly challenging years of transition-era forecasts — and the global oil market

June 4, 2026

Business·Economy·News

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Economy Desk

US Economy Adds 172,000 Jobs in May, Doubling Forecasts as Iran War Fails to Break Labor Market

The Jobs Report That Broke Wall Street’s Bet and Handed Kevin Warsh an Impossible First Test

SpaceX IPO Roadshow Launches at $135 a Share, and Jamie Dimon Is Personally Selling It to 2,500 of America’s Wealthiest Investors

Greek Lottery Giant Bally’s Intralot Agrees £243m Takeover of William Hill Owner Evoke

Gazprom Seals New Deal to Boost Gas Supplies to Kazakhstan as Miller Meets Sklyar at SPIEF

US Mortgage Rate Eases to 6.48% From Nine-Month High as Iran War Keeps Buyers Sidelined

Russia and Saudi Arabia Eye $10 Billion Trade Target as Payment Barriers Slow Centennial Partnership

US Jobless Claims Hit Four-Month High of 225,000 as Employers Post Jobs But Refuse to Hire

IMF Warns US Inflation Relief Delayed to 2027 as Tariffs and Oil Keep Prices Elevated

IMF Warns Europe Gasoline Up 40%, Jet Fuel Up 35% Since Iran War Began

IMF Urges Countries to Pursue Regional Trade Integration as Global Trade Order Fractures

Novak Warns Global Growth Downgrades May Be Too Optimistic If Middle East Conflict Drags On

Russia-Saudi Energy Ties Reach Strategic Level, Dmitriev Says at SPIEF as Abdulaziz Meeting Planned

Hydrocarbons Still Control 84% of Global Energy Mix, Russia’s Novak Says at SPIEF

Radical Islam is being appreciated by Indian authorities too

Bangladesh; India’s Biggest Ally or China’s Dragon Nest?

Ahmadis in Bangladesh face fresh threat of persecution

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