Economy Desk

The Eastern Herald’s Economy Desk covers global markets, business, commodities, energy, financial developments and major economic forces shaping companies, industries and the global economy.

A man in a cap and hooded jacket holds a fuel nozzle at a Shell gas station in Chicago, with regular gasoline priced at $5.39 on the sign behind him

September Retail Sales Rise 0.8%, but Gasoline Did Most of It

Retail and food services sales rose 0.8 percent in September, the Census Bureau said, but gasoline stations supplied about 71 percent of the dollar gain. Excluding them, sales rose 0.2 percent, and

October 15, 2026

by Economy Desk

Apple Fitness+ workout interface displayed on iPhone and Apple Watch, service facing cuts under new CEO John Ternus

‘Time to Walk’ Staff Among First Apple Employees Cut Under New CEO John Ternus

Apple's new CEO John Ternus has made his first job cuts, targeting Fitness+ staff behind the 'Time to Walk' and 'Time to Run' audio workouts. The reductions mark a second round in two months and raise questions about the service

September 22, 2026

by Economy Desk

Saudi Arabia East-West oil pipeline infrastructure with Aramco facilities

Saudi Arabia Restarts East-West Pipeline as Crude Falls Below $100

Saudi Aramco restarted the East-West pipeline on Tuesday after nine days offline from drone strikes, sending

Masayoshi Son SoftBank record bond offering OpenAI investment

SoftBank Launches Record $11 Billion Junk Bond Sale: Masayoshi Son’s $64B AI Bet

SoftBank Group launched a record $11 billion junk bond Monday to fund its OpenAI third tranche,

US consumer price index chart showing August 2026 inflation at 3.4 percent with gasoline price surge from Iran war

Inflation Hits 3.4% as Iran War Gas Prices Push Fed Rate Hike Odds to 90%

US consumer prices rose 3.4% annually in August with gasoline up 3.9% for the month, driven by the Iran war's grip on global oil supplies. The Federal Reserve meets September 16, and

September 13, 2026

Business·Economy·News

Federal Housing Finance Agency housing price index data showing US mortgage market trends in September 2026

Mortgage Quote Today, September 13, 2026: Current Rates and Calculator Guide

Homebuyers seeking a mortgage quote on September 13, 2026 face elevated yields and record home prices above $440,000. Our calculator shows what a half-point rate difference costs over thirty years, and how

September 13, 2026

Business·News·Real Estate

Sam Altman speaks about OpenAI IPO delay and AI extinction risk at Fortune interview September 2026

OpenAI Rules Out 2026 IPO as Altman Calls AI Extinction Risk ‘Unacceptable’

Sam Altman ruled out a 2026 OpenAI IPO on Saturday, telling Fortune that the safety moment makes going public ill-advised and calling an AI extinction risk 'unacceptable.' The decision comes as Anthropic

September 13, 2026

Business·News·Technology

Xi Jinping arrives in India for BRICS summit amid India-China trade imbalance 2026

India Buys Seven Times More From China Than It Sells as Xi Arrives for BRICS Summit

As Xi Jinping arrives in India for the BRICS summit, bilateral trade has swelled to $151 billion with India buying seven times more than it sells to China. The structural dependency cuts

September 13, 2026

Business·Economy·News

Rows of servers inside a large-scale AI data center facility representing Microsoft's 38GW expansion target

Microsoft Targets 38 Gigawatts as AI Demand Outruns Every Data Center Bet

Microsoft is tripling its data centers to 38 gigawatts by 2032 after a 2025 capacity pause left it unable to serve AI clients. Oracle's $664 billion cloud backlog runs on $125 billion

September 12, 2026

Artificial Intelligence·Business·News·Technology

BRICS Nations Launch Dollar-Alternative Payment Network as Trump Threatens 100% Tariffs

BRICS leaders in New Delhi endorsed BRICS Pay, a payment messaging network routing transactions outside SWIFT, and a gold-backed Unit token in the New Delhi Declaration 2026 — the most concrete steps

September 12, 2026

Business·Economy·News

Canadian Prime Minister Mark Carney announces retaliatory tariffs on US goods as trade war escalates

Canada’s $27.6 Billion in Retaliatory Tariffs Take Effect as Carney Declares Trade War on Trump

Canada's $27.6 billion in retaliatory tariffs on US goods took effect Monday, covering 700 product categories as PM Mark Carney suspended trade talks and declared Washington had started a war. The rupture

September 9, 2026

Business·Economy·News

Brent crude oil price crossing $100 a barrel on markets as US-Iran conflict intensifies in September 2026

Oil Crosses $100 as US-Iran Tanker War and Houthi Strikes on Saudi Arabia Rattle Markets

Brent crude crossed $100 a barrel on Wednesday as US forces destroyed five Iranian tankers, Iran fired twenty missiles at a US base in Jordan, and Houthi attacks set oil installations ablaze

September 9, 2026

Business·Conflicts, Military and War·Economy·News

China August 2026 trade surplus semiconductor exports data customs

China’s $119 Billion August Surplus Widens as Semiconductor Exports Surge 130%, Autos Rise 43%

China's monthly trade surplus widened to a 2026 record of $119.09 billion in August as semiconductor exports surged 129.8 percent and automobile shipments rose 43 percent year on year. The figures confirm

September 9, 2026

Business·Economy·News

Traders monitor screens at the Bombay Stock Exchange as Nifty falls amid Brent crude surge September 2026

Nifty Settles at 23,635 as Crude Nears $100 – Reliance, HDFC and TCS Drag Indian Markets to 3-Month Low

India's Nifty 50 fell to a three-month low of 23,635.10 on Tuesday as Brent crude pushed near $100 a barrel on Houthi-Saudi escalation and Iran's Gulf exclusion zone. Reliance Industries, HDFC Bank

September 9, 2026

Business·Economy·News

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Economy Desk

September Retail Sales Rise 0.8%, but Gasoline Did Most of It

‘Time to Walk’ Staff Among First Apple Employees Cut Under New CEO John Ternus

Saudi Arabia Restarts East-West Pipeline as Crude Falls Below $100

SoftBank Launches Record $11 Billion Junk Bond Sale: Masayoshi Son’s $64B AI Bet

Inflation Hits 3.4% as Iran War Gas Prices Push Fed Rate Hike Odds to 90%

Mortgage Quote Today, September 13, 2026: Current Rates and Calculator Guide

OpenAI Rules Out 2026 IPO as Altman Calls AI Extinction Risk ‘Unacceptable’

India Buys Seven Times More From China Than It Sells as Xi Arrives for BRICS Summit

BRICS Nations Launch Dollar-Alternative Payment Network as Trump Threatens 100% Tariffs

Canada’s $27.6 Billion in Retaliatory Tariffs Take Effect as Carney Declares Trade War on Trump

Oil Crosses $100 as US-Iran Tanker War and Houthi Strikes on Saudi Arabia Rattle Markets

China’s $119 Billion August Surplus Widens as Semiconductor Exports Surge 130%, Autos Rise 43%

Nifty Settles at 23,635 as Crude Nears $100 – Reliance, HDFC and TCS Drag Indian Markets to 3-Month Low

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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