Economy Desk

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

Disney Hollywood Studios featuring Pixar branding as the animation studio faces hundreds of job cuts in 2026

Disney Cuts Hundreds of Jobs at Pixar and ESPN in Third Layoff Round of 2026

Walt Disney Co. is cutting several hundred jobs at Pixar, ESPN, and National Geographic in its third round of layoffs in 2026. Pixar bears the brunt as the studio shifts to a

July 21, 2026

by Economy Desk

Chevrolet truck on the road representing General Motors North American vehicle sales

General Motors Beats Q2 Earnings, North America Profits Jump 43 Percent

General Motors reported Q2 revenue of $48 billion and raised full-year guidance Tuesday, with North American profits jumping 43 percent on strong truck and SUV demand. Adjusted EBIT of $3.9 billion exceeded estimates as the company maintained its quarterly dividend

July 21, 2026

by Economy Desk

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

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

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

Metaplanet CEO Simon Gerovich and bitcoin treasury strategy Japan Tokyo Stock Exchange

Metaplanet Pushes Its Bitcoin Treasury Past 43,000 BTC With $170 Million Purchase

Japan's Metaplanet bought 2,823 bitcoin for $170.7 million Wednesday, pushing its treasury to 43,000 BTC worth $2.6 billion — the same day JPMorgan warned Strategy that its bitcoin sales policy creates two-way

July 3, 2026

Business·Crypto·News

Strategic Petroleum Reserve crude oil storage tanks at Sunoco Terminal in Nederland Texas

US Strategic Oil Reserve at 1983 Low, Quarter Locked Out by Equipment Failures

America's emergency oil reserve sits at a 43-year low, and over a quarter of its crude cannot be pumped out due to equipment failures and cavern deformation. GAO documents reveal the SPR's

July 3, 2026

Business·Economy·News

Alibaba display at China International Supply Chain Expo representing the company's e-commerce operations now under US DOJ settlement

Alibaba Pays $600 Million in US Drug Probe. Its Employees Had Flagged the Problem First.

Alibaba will pay $600 million under a non-prosecution agreement with the US Justice Department, settling eight years of allegations that its platforms enabled illegal drug sales. Its own employees had flagged the

July 3, 2026

Business·News

A Bitcoin ATM machine at Northgate Mall in San Rafael, California, February 2026

California’s Crypto Licensing Law Is Now in Force. Unlicensed Platforms Risk $100,000 a Day.

California's Digital Financial Assets Law took full effect July 1, activating a licensing regime that requires every cryptocurrency exchange, stablecoin issuer, and Bitcoin ATM operator serving California residents to hold a state

July 3, 2026

Business·Crypto·News

Chinese AI drug-design platforms driving global pharmaceutical licensing surge in 2026

Chinese AI Biotech Licensing Surges to $75 Billion While US Scrutiny Mounts

Chinese biotech firms struck $75 billion in out-licensing deals in the first five months of 2026, an 87 percent year-on-year increase in deal volume. The Metis TechBio and Boulevard Bio deal, worth

July 3, 2026

Artificial Intelligence·Business·News·Technology

Oil tankers at the Strait of Hormuz as shipping fees rise during Iran conflict, July 2026

Brent Crude Falls Back to Pre-War Levels as Hormuz Traffic Slowly Recovers

Brent crude fell below $71 a barrel Thursday, the first pre-war price level since February 28 and a 38 percent drop from its April peak of $126. Hormuz carries just 40 vessels

July 3, 2026

Business·Economy·News

Tesla Model Y on a road, central to Tesla's record Q2 2026 delivery performance of 467,762 vehicles

Tesla Reports Its Best Q2 Deliveries Ever, but Wall Street Is Selling

Tesla delivered 467,762 vehicles in the second quarter of 2026, its strongest Q2 performance on record. By the close of trading on the same day, the stock had fallen seven percent. The

July 3, 2026

Business·Markets·News

OpenAI CEO Sam Altman with President Trump as OpenAI proposes a 5% equity stake to a US sovereign wealth fund

OpenAI Proposed Donating 5% of Its Equity to a US Sovereign Wealth Fund

Sam Altman proposed donating 5% of OpenAI's equity to a US sovereign wealth fund, the Financial Times reported Thursday. At OpenAI's $157 billion valuation, the stake would be worth roughly $7.9 billion

July 3, 2026

Artificial Intelligence·Business·News·Technology

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Economy Desk

Disney Cuts Hundreds of Jobs at Pixar and ESPN in Third Layoff Round of 2026

General Motors Beats Q2 Earnings, North America Profits Jump 43 Percent

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

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

Metaplanet Pushes Its Bitcoin Treasury Past 43,000 BTC With $170 Million Purchase

US Strategic Oil Reserve at 1983 Low, Quarter Locked Out by Equipment Failures

Alibaba Pays $600 Million in US Drug Probe. Its Employees Had Flagged the Problem First.

California’s Crypto Licensing Law Is Now in Force. Unlicensed Platforms Risk $100,000 a Day.

Chinese AI Biotech Licensing Surges to $75 Billion While US Scrutiny Mounts

Brent Crude Falls Back to Pre-War Levels as Hormuz Traffic Slowly Recovers

Tesla Reports Its Best Q2 Deliveries Ever, but Wall Street Is Selling

OpenAI Proposed Donating 5% of Its Equity to a US Sovereign Wealth Fund

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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