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

SBI Holdings cryptocurrency investment products on display in Japan

SBI Shuts Down Bitcoin Mining Pool After Five Years, Frees 2% of Global Hashrate

Japan's SBI Holdings is shutting its Bitcoin mining pool on July 31, displacing roughly 2% of the global network's hashrate. The company has given no reason for the closure but is simultaneously

July 3, 2026

Business·Crypto·News

MGX Abu Dhabi AI fund $49 billion Mubadala G42 Sheikh Tahnoon

MGX Closes $49 Billion AI Fund as Abu Dhabi Cements Its Role in Global AI Capital

Abu Dhabi's MGX closed its debut AI fund at $49bn, exceeding a $45bn target, attracting investors from three continents to back semiconductors, AI infrastructure and frontier models. Stakes in Anthropic, OpenAI, Binance

July 3, 2026

Artificial Intelligence·Business·Economy·News·Technology

Oil tankers navigating the Strait of Hormuz as Brent crude falls below $71 amid Doha talks

Oil Falls Below $71 for First Time Since US-Israel War on Iran as Doha Talks Signal Pause

Brent crude fell to $70.82 a barrel on Thursday, the lowest level since the day before the US-Israel war on Iran began in February, as US-Iran indirect talks in Doha produced a

July 3, 2026

Business·Conflicts, Military and War·Economy·News

Federal Reserve Chair Kevin Warsh speaking at press conference amid US jobs report miss in June 2026

US Economy Added 57,000 Jobs in June as Workers Exit the Labor Force at a 50-Year Low

The Bureau of Labor Statistics reported Thursday that nonfarm payrolls rose by just 57,000 in June, far below expectations, as the labor force participation rate fell to 61.5 percent — its lowest

July 3, 2026

Business·Economy·News

Bitcoin price chart showing surge to $61,000 amid Federal Reserve inflation commentary

Bitcoin Surges to $61,000 as Fed Chair Warsh Eases on Inflation for First Time

Bitcoin rose to $61,442 on Wednesday as Federal Reserve Chair Kevin Warsh softened on inflation for the first time since June, pulling crypto away from a semiconductor selloff that erased $290 billion

July 3, 2026

Business·Crypto·News

The World Bank headquarters building in Washington DC where the annual income classification reclassification is determined

World Bank Upgrades Sri Lanka, Vietnam, Philippines and Jordan to Upper-Middle Income

Four years after its 2022 sovereign default emptied the island's foreign reserves, Sri Lanka has been upgraded to upper-middle income by the World Bank. The July 1 reclassification also advanced Vietnam, the

July 3, 2026

Business·Economy·News

IHC and Adani Group announce $11.5 billion aluminium joint venture in Odisha, India

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

Crypto Industry Pours $189 Million Into 2026 US Midterms, Eclipsing Every Corporate Rival

Crypto companies have poured $189 million into the 2026 midterms, accounting for 37% of all reported corporate political spending. That puts the industry ahead of Big Tech, Big Oil, and Wall Street

July 3, 2026

Business·Crypto·News

Chinese electric vehicles from Leapmotor and Zeekr at a showroom as the brands set consecutive monthly delivery records in June 2026

Leapmotor and Zeekr Set Back-to-Back Monthly Records in China’s EV Race

Leapmotor delivered 93,376 electric vehicles in June, its second consecutive monthly sales record, while Zeekr hit 35,169 units, up 110.6 percent year on year. New battery and self-driving technology is closing China's

July 3, 2026

Business·Economy·News

Securitize CEO Carlos Domingo at NYSE debut as company tokenizes $295 million in shares on Solana and Avalanche blockchains

Securitize Lists on NYSE and Tokenizes $295M of Its Own Stock on Solana and Avalanche

BlackRock-backed Securitize debuted on NYSE Thursday and tokenized $295 million of its own shares on Solana and Avalanche, making it the first public company to put real listed equity on a blockchain.

July 3, 2026

Business·Crypto·News·Technology

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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

SBI Shuts Down Bitcoin Mining Pool After Five Years, Frees 2% of Global Hashrate

MGX Closes $49 Billion AI Fund as Abu Dhabi Cements Its Role in Global AI Capital

Oil Falls Below $71 for First Time Since US-Israel War on Iran as Doha Talks Signal Pause

US Economy Added 57,000 Jobs in June as Workers Exit the Labor Force at a 50-Year Low

Bitcoin Surges to $61,000 as Fed Chair Warsh Eases on Inflation for First Time

World Bank Upgrades Sri Lanka, Vietnam, Philippines and Jordan to Upper-Middle Income

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

Crypto Industry Pours $189 Million Into 2026 US Midterms, Eclipsing Every Corporate Rival

Leapmotor and Zeekr Set Back-to-Back Monthly Records in China’s EV Race

Securitize Lists on NYSE and Tokenizes $295M of Its Own Stock on Solana and Avalanche

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

Latest Posts

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

Pro-Trump MAGA Inc Stockpiles $400 Million for 2026 US Midterm Battle

Andy Burnham Names John Healey Chancellor, Signalling Higher UK Defence Spending

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

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