Economy Desk

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

US Senate chamber where Democrats reintroduced the Cannabis Administration and Opportunity Act

Senate Democrats Push Cannabis Legalization Bill as $44B Industry Awaits Federal Clarity

Senate Democrats reintroduced the Cannabis Administration and Opportunity Act to fully deschedule marijuana on Wednesday. The $44B industry says rescheduling to Schedule III alone did not fix its banking or tax barriers.

July 22, 2026

by Economy Desk

NYSE trading floor with traders and market screens representing Goldman Sachs private markets platform

Goldman Sachs Launches Private Markets Platform for Wealthy Investors Seeking Pre-IPO Access

Goldman Sachs launched a private markets investment platform on July 21 giving ultra-wealthy clients structured access to pre-IPO companies like SpaceX and Stripe, formalizing demand that crystallized after the bank led the record $1.75 trillion SpaceX IPO in June.

July 22, 2026

by Economy Desk

General Motors Cadillac luxury vehicles at an unveiling or auto show event

GM Reverses Cadillac’s EV-Only Strategy as Gas-Powered Models Return to the Lineup

General Motors is returning gas vehicles to the Cadillac lineup, ending the brand's all-electric positioning as

Warner Bros iconic water tower at Burbank studio lot

Federal Judge Pauses $111 Billion Paramount-Warner Merger Through August 3

A US federal judge issued a temporary restraining order Monday halting the $111 billion Paramount-Warner Bros.

Boeing 737 MAX aircraft on the assembly line at the Renton, Washington factory during Q2 2026 production

Boeing IT Outage Shut Down Factories Coast to Coast on the Last Day of Q2

A company-wide IT failure knocked Boeing's computer systems offline on June 30 — the final day of its second quarter — halting inspections, paperwork, and deliveries across 737 and 787 factories from

July 1, 2026

Business·News·Technology

Getty Images and Shutterstock logos as merger collapses after UK CMA divestiture demand

Getty Images Abandons $3.7 Billion Shutterstock Merger After UK Regulator Demands Divestiture of Rex Features and Backgrid

Getty Images is walking away from its $3.7 billion merger with Shutterstock after the UK Competition and Markets Authority demanded the full divestiture of Shutterstock's editorial business, including Rex Features, Splash News,

July 1, 2026

Business·News

Nike CEO Elliott Hill — Q4 2026 earnings beat on $986 million tariff refund, China fell 17%

Nike Q4 Profit Beat Was Powered by a $986 Million Tariff Refund. China Fell 17%.

Nike reported fiscal Q4 EPS of $0.35, beating the $0.28 estimate, but most of the margin expansion came from a $986 million tariff refund. Greater China revenue fell 17%, CEO Elliott Hill

July 1, 2026

Business·Markets·News

SEC headquarters Washington DC — Paul Atkins opens ETF rule review covering crypto and prediction market funds 2026

SEC Mulls New ETF Rules as a $16 Trillion Boom Outgrows the Regulatory Playbook

The SEC has opened a 60-day public comment period on a potential overhaul of its ETF rules — the first major review since 2019 — covering crypto funds, prediction-market ETFs, high-leverage products,

July 1, 2026

Business·Crypto·Markets·News

Worsley Alumina refinery, Western Australia — acquired by Alcoa from South32 in $4.1 billion deal 2026

Alcoa Buys South32’s Aluminum Assets for $4.1 Billion. South32’s New CEO Is Betting on Copper.

Alcoa has agreed to buy most of South32's aluminum assets for $4.1 billion in cash and stock, plus up to $750 million in contingent payments tied to commodity prices. South32's new CEO

July 1, 2026

Business·Markets·News

Bitcoin price chart showing 21-month low of $57,742 in July 2026

Bitcoin Hits 21-Month Low as Strategy’s First Sale Shatters the Market’s Last Guarantee and Fed Rate Fears Drain ETFs

Bitcoin fell to $57,742 on Wednesday — its lowest level since September 2024 — after Strategy Inc. disclosed its first Bitcoin sale in years, erasing the market's most important psychological guarantee while

July 1, 2026

Business·Crypto·News

Indian rupee currency traders monitor screens as Iran strikes rattle bond markets June 2026

Iran’s Weekend Strikes Put India’s First Rupee Gain Since February on the Line

The Indian rupee was on track for its first monthly gain since February, then Iran struck U.S. military sites in Kuwait and Bahrain. Now traders are navigating a collision between a domestic

June 29, 2026

Business·Economy·News

Gold bars and price chart showing decline amid US-Iran conflict and Federal Reserve rate hike expectations June 2026

Gold Is Falling Because the US-Iran War Is Making the Fed More Likely to Raise Rates

Gold fell 0.7% to $4,061 on June 29 as fresh US-Iran strikes in the Strait of Hormuz region lifted crude oil prices and stoked Federal Reserve rate hike expectations, pushing the metal

June 29, 2026

Business·Economy·Markets·News

Michael Saylor, executive chairman of Strategy, as the company's Bitcoin holdings sit $13 billion below their cost basis in June 2026

Michael Saylor Is Signaling Another Bitcoin Buy While Strategy Sits $13 Billion Underwater

Michael Saylor posted Strategy's Bitcoin tracker chart on June 28 captioned 'We're gonna need more charts' — the company's standard pre-buy signal — as its 847,363-coin position sits roughly $13 billion underwater

June 29, 2026

Business·Crypto·News

People's Bank of China headquarters in Beijing as the central bank debuts its overnight reverse repo liquidity tool

China’s Central Bank Cut Rates Without Saying So. The PBOC’s Silence Was the Point.

The People's Bank of China debuted its overnight reverse repo tool on Monday, injecting 300 billion yuan at a rate of 1.25% that it deliberately kept off its official statement. Analysts called

June 29, 2026

Business·Economy·News

Previous 1 … 18 19 20 21 22 … 52 Next

Economy Desk

Senate Democrats Push Cannabis Legalization Bill as $44B Industry Awaits Federal Clarity

Goldman Sachs Launches Private Markets Platform for Wealthy Investors Seeking Pre-IPO Access

GM Reverses Cadillac’s EV-Only Strategy as Gas-Powered Models Return to the Lineup

Federal Judge Pauses $111 Billion Paramount-Warner Merger Through August 3

Boeing IT Outage Shut Down Factories Coast to Coast on the Last Day of Q2

Getty Images Abandons $3.7 Billion Shutterstock Merger After UK Regulator Demands Divestiture of Rex Features and Backgrid

Nike Q4 Profit Beat Was Powered by a $986 Million Tariff Refund. China Fell 17%.

SEC Mulls New ETF Rules as a $16 Trillion Boom Outgrows the Regulatory Playbook

Alcoa Buys South32’s Aluminum Assets for $4.1 Billion. South32’s New CEO Is Betting on Copper.

Bitcoin Hits 21-Month Low as Strategy’s First Sale Shatters the Market’s Last Guarantee and Fed Rate Fears Drain ETFs

Iran’s Weekend Strikes Put India’s First Rupee Gain Since February on the Line

Gold Is Falling Because the US-Iran War Is Making the Fed More Likely to Raise Rates

Michael Saylor Is Signaling Another Bitcoin Buy While Strategy Sits $13 Billion Underwater

China’s Central Bank Cut Rates Without Saying So. The PBOC’s Silence Was the Point.

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

Flash Floods Kill 23 in Afghanistan’s Nuristan, Over 100 Missing

Senate Democrats Push Cannabis Legalization Bill as $44B Industry Awaits Federal Clarity

Up to Five Cups of Coffee Daily May Lower Heart Disease Risk, AHA Says

Jelly Roll’s Daughter: Internet Will ‘Crumble’ When She Reveals Divorce Truth

Economy Desk

Follow

Latest Posts