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.

NASA MODIS satellite image of the Strait of Hormuz, the vital oil shipping lane between Iran and Oman

Crude Falls Four Sessions as Iran Ceasefire Closes In and Goldman Cuts Its Target

Crude oil fell for the fourth consecutive day Thursday as the US-Iran ceasefire approaches Friday's formal signing in Switzerland. Goldman Sachs cut its Brent Q4 forecast to $80 from $90 and moved

June 26, 2026

Business·Economy·News

A spice rack stocked with seasoning bottles, reflecting McCormick's core consumer business

McCormick Reports 16.7% Revenue Growth, But the Organic Number Tells a Different Story

McCormick beat Q2 estimates with $1.94 billion in revenue and adjusted EPS of $0.80, but the headline 16.7% revenue surge was driven by an acquisition and currency, not consumer demand. The real

June 26, 2026

Business·Economy·News

Merck KGaA headquarters building in Darmstadt Germany

Merck KGaA Bets $11.3 Billion on Bio-Techne and the Tools That Build Tomorrow’s Drugs

Germany's Merck KGaA is paying $11.3 billion for Minneapolis-based Bio-Techne Corp., a 36% premium that marks its biggest acquisition since Sigma-Aldrich a decade ago. The all-cash deal bets that platforms powering cell

June 26, 2026

Business·Economy·News

The Eccles Building, headquarters of the US Federal Reserve in Washington DC

Iran-Israel War Oil Surge and AI Costs Drive US Inflation to Three-Year High

US PCE inflation reached 4.1 percent in May, highest since April 2023, as the Iran-Israel war drove gasoline to three-year highs and AI component costs pushed core inflation to 3.4 percent. Nine

June 26, 2026

Business·Economy·News

Amazon headquarters building in Seattle, Washington, home of CEO Andy Jassy

Amazon Raises India Bet to $48 Billion on AI and Cloud After Jassy Meets Modi

Andy Jassy's meeting with Prime Minister Narendra Modi in New Delhi on Wednesday produced Amazon's largest-ever country commitment: an additional $13 billion for India's AI and cloud infrastructure, lifting Amazon's total India

June 26, 2026

Business·Economy·News·Technology

SkyCity Adelaide casino expanded building on North Terrace Adelaide South Australia

SkyCity Adelaide Agrees AU$21M Fine Over AML Failures as Shares Jump 14 Percent

South Australia settled with SkyCity Adelaide for AU$21M over AML failures dating to 2016. The June 19 agreement includes a governance overhaul — independent board, dedicated CEO — that investors greeted with

June 26, 2026

Business·News

Sweepstakes Casinos Flee Indiana and Iowa Ahead of Simultaneous July Bans

Indiana bans sweepstakes casinos on July 1. Operators are exiting now, including McLuck, Hello Millions, and High 5 Casino. Six other states have already banned the $10 billion industry — and the

June 26, 2026

Business·Government and Politics·News

Apple Raises MacBook and iPad Prices as AI Data Centers Drain the Memory Market

Apple raised prices across its entire Mac and iPad lineup on Thursday, with increases ranging from $100 to $500 per device, after an AI-driven memory chip shortage made component costs unsustainable. The

June 26, 2026

Artificial Intelligence·Business·News·Technology

Oracle signage as the company cuts 21,000 jobs and cites its own AI adoption

Oracle Cut 21,000 Jobs and Named the Cause: Its Own AI

Oracle told the Securities and Exchange Commission that it cut 21,000 jobs over the past year, roughly one in eight, and blamed its own AI adoption. The disclosure landed even as the

June 25, 2026

Artificial Intelligence·Business·News·Technology

Google parent Alphabet as it joins the Dow Jones Industrial Average, replacing Verizon, June 2026

Alphabet Replaces Verizon in the Dow as the Index Bets Bigger on AI

On June 29, Alphabet replaces Verizon in the Dow Jones Industrial Average, tilting the price-weighted benchmark harder toward the AI trade than ever before. The swap lands just as Wall Street questions

June 25, 2026

Business·Markets·News

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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

Crude Falls Four Sessions as Iran Ceasefire Closes In and Goldman Cuts Its Target

McCormick Reports 16.7% Revenue Growth, But the Organic Number Tells a Different Story

Merck KGaA Bets $11.3 Billion on Bio-Techne and the Tools That Build Tomorrow’s Drugs

Iran-Israel War Oil Surge and AI Costs Drive US Inflation to Three-Year High

SkyCity Adelaide Agrees AU$21M Fine Over AML Failures as Shares Jump 14 Percent

Sweepstakes Casinos Flee Indiana and Iowa Ahead of Simultaneous July Bans

Apple Raises MacBook and iPad Prices as AI Data Centers Drain the Memory Market

Alphabet Replaces Verizon in the Dow as the Index Bets Bigger on AI

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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