Economy Desk

Covering markets, economic policy, inflation, and business news that shapes financial decisions.

Pep Boys auto service bays Carl Icahn Mavis Discount Tire acquisition

Carl Icahn Sells Pep Boys to Mavis Discount Tire for $700 Million

Carl Icahn's Icahn Enterprises has agreed to sell the Pep Boys auto-service chain to Mavis Discount Tire for $700 million in cash, the Wall Street Journal reported, combining two of the largest

July 21, 2026

by Economy Desk

Novo Nordisk headquarters and GLP-1 drug packaging amid federal lawsuit against Eli Lilly

Novo Nordisk Files Federal Lawsuit Against Eli Lilly Over GLP-1 Drug Advertising

Novo Nordisk filed a federal Lanham Act lawsuit against Eli Lilly on Monday, accusing Zepbound's maker of running misleading GLP-1 drug advertisements in the first known courtroom clash between the obesity market rivals. The complaint could reshape how pharmaceutical companies

July 21, 2026

by Economy Desk

JPMorgan Chase CEO Jamie Dimon at earnings call warning markets are underestimating geopolitical risks

Jamie Dimon Says He Won’t Buy Stocks or Bonds as JPMorgan Posts Record Profits

Jamie Dimon said Monday he would not buy stocks or US Treasury bonds at current levels,

Gas pump at Freedom Fuel Network station in Pennsylvania showing higher fuel prices

US Gas Prices Cross $4 a Gallon Again as Iran War Pushes Oil Markets Higher

US gasoline prices crossed $4 a gallon on Monday for the first time since June, as

IHC and Adani Group officials sign $11.5 billion aluminium deal in Odisha India July 2026

IHC and Adani Group Sign $11.5 Billion Aluminium Deal, India’s Largest Metals FDI

Abu Dhabi's International Holding Company and India's Adani Group signed a $11.5 billion joint venture agreement for an integrated aluminium complex in Odisha, the largest foreign direct investment in India's metals sector,

July 3, 2026

Business·Economy·News

Saudi Arabia Public Investment Fund milestone reaching trillion dollar valuation

Saudi Arabia’s PIF Crosses $1.21 Trillion in Assets After Net Profit Doubled in 2025

Saudi Arabia's Public Investment Fund posted SR65.1 billion in net profit in 2025, more than doubling its 2024 figure, as total assets reached $1.21 trillion. The results signal that the kingdom's sovereign

July 3, 2026

Business·Economy·News

Dubai skyline reflecting the city's soaring inflation driven by Iran war petrol surge in May 2026

Dubai Inflation Hits 5.5% in May, Driven by Iran War Petrol Surge

Dubai consumer prices rose 5.5 percent in May, fastest since before the pandemic, driven by Iran war petrol costs and persistent housing pressure. Emirates NBD expects inflation to moderate to 2.9 percent

July 3, 2026

Business·Economy·News

Construction workers rebuilding homes in Pacific Palisades California June 2026 US labor market

US June Jobs Miss Badly: 57,000 Payrolls, Half the Forecast, as Tariffs and War Weigh on Hiring

The US economy added just 57,000 jobs in June, barely half the 115,000 economists had forecast, as leisure and hospitality shed 61,000 positions in peak summer season and downward revisions to April

July 3, 2026

Business·Economy·News

UAE Minister of State for Financial Affairs Mohamed Al Hussaini at Nasdaq Dubai listing of sovereign retail T-sukuk July 2026

UAE Doubles Retail Sukuk After Orders Reach Nine Times the Offering Size

The UAE Finance Ministry received Dh445 million in orders on its first Dh50 million sovereign retail sukuk, nine times what was offered, and doubled the issuance. Nearly half of subscribers were women

July 3, 2026

Business·Economy·News

PM Mark Carney and Alberta Premier Danielle Smith announce new Pacific pipeline framework to diversify Canadian oil exports

Canada Bets on a Pacific Pipeline to Break Its Dependence on the US Oil Market

Canada's federal government and Alberta jointly announced a framework for a 1-million-barrel-per-day Pacific pipeline aimed at diversifying oil exports beyond the US. The same announcement maintained BC's northern tanker ban, leaving the

July 3, 2026

Business·Economy·News

Rivian R2 electric SUV headlight as the company beats Q2 2026 delivery targets and raises guidance

Rivian Beats Q2 Targets, Raises 2026 Guidance Without Federal EV Aid

Rivian delivered 12,194 vehicles in Q2 2026, beating its 9,000-11,000 estimate, and raised its full-year delivery target to 65,000-70,000. The results arrive without the federal EV tax credit and represent a 55

July 3, 2026

Business·Economy·News

Boeing CST-100 Starliner spacecraft during landing rehearsals at NASA Kennedy Space Center

Boeing’s Starliner Can’t Fly Astronauts Until 2027, NASA’s Inspector General Finds

Boeing's Starliner won't earn NASA human certification until 2027 at the earliest, six years behind schedule, the Inspector General found Thursday. The watchdog also questioned $127.9 million in Boeing payments and found

July 3, 2026

News·Technology

Editorial illustration of an AI-themed sandwich representing Jersey Mike's IPO AI language

Jersey Mike’s Files for NYSE IPO, Targeting $12 Billion Valuation

Jersey Mike's Subs filed its IPO registration Thursday for NYSE listing under ticker JMKE as Blackstone targets a $12 billion-plus exit. CEO Charles Morrison, recruited from Wingstop, says the 3,256-store chain is

July 3, 2026

Business·News

Ian De Bode, CEO of Ondo Finance, which deployed the first SEC-aligned tokenized stocks on Ethereum

Ondo Finance Brings SEC-Aligned Tokenized Stocks to Ethereum With BlackRock and Micron

Ondo Finance made the first live production deployment of the SEC's January 2026 custodial tokenization model, placing BlackRock's IVV ETF and Micron Technology shares on Ethereum. Broadridge and an SEC-registered transfer agent

July 3, 2026

Business·Crypto·News

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Economy Desk

Carl Icahn Sells Pep Boys to Mavis Discount Tire for $700 Million

Novo Nordisk Files Federal Lawsuit Against Eli Lilly Over GLP-1 Drug Advertising

Jamie Dimon Says He Won’t Buy Stocks or Bonds as JPMorgan Posts Record Profits

US Gas Prices Cross $4 a Gallon Again as Iran War Pushes Oil Markets Higher

IHC and Adani Group Sign $11.5 Billion Aluminium Deal, India’s Largest Metals FDI

Saudi Arabia’s PIF Crosses $1.21 Trillion in Assets After Net Profit Doubled in 2025

Dubai Inflation Hits 5.5% in May, Driven by Iran War Petrol Surge

US June Jobs Miss Badly: 57,000 Payrolls, Half the Forecast, as Tariffs and War Weigh on Hiring

UAE Doubles Retail Sukuk After Orders Reach Nine Times the Offering Size

Canada Bets on a Pacific Pipeline to Break Its Dependence on the US Oil Market

Rivian Beats Q2 Targets, Raises 2026 Guidance Without Federal EV Aid

Boeing’s Starliner Can’t Fly Astronauts Until 2027, NASA’s Inspector General Finds

Jersey Mike’s Files for NYSE IPO, Targeting $12 Billion Valuation

Ondo Finance Brings SEC-Aligned Tokenized Stocks to Ethereum With BlackRock and Micron

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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Carl Icahn Sells Pep Boys to Mavis Discount Tire for $700 Million

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Novo Nordisk Files Federal Lawsuit Against Eli Lilly Over GLP-1 Drug Advertising

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