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.

Chart showing China's 71.4 percent global EV battery market share in Q1 2026, led by CATL and BYD

China Now Makes More Than 7 in 10 EV Batteries Worldwide, and Two Companies Are Doing More Than Half the Work

Chinese manufacturers controlled 71.4 percent of the global EV battery market in the first quarter of 2026, SNE Research data show — an 11-point gain in two and a half years. CATL

June 14, 2026

Business·News·Technology

Turkey petroleum energy dependency data 2026 TurkStat Brent crude oil price

Turkey Gets Its Energy Bill for the Middle East War

New government data shows petroleum products account for 41.9% of Turkey's final energy consumption — a structural exposure that a $5-a-barrel Brent swing in 48 hours has just made impossible to ignore.

June 14, 2026

Business·Economy·News

Italian fuel station pump showing diesel and petrol prices in June 2026

Italy Diesel Falls Below €2 for First Time in Months, Petrol Hits €1.891

Italy's national diesel average has slipped below the €2 symbolic threshold for the first time in months, official MIMIT data shows — but highway motorists remain stranded above it, and the summer

June 14, 2026

Business·Economy·News

Shuttered Buffalo Bill's Resort and Primm Valley Casino along Interstate 15 in Primm, Nevada

Primm Casino Rescue: Terrible’s Steps In to Save Nevada’s Last Gateway Gambling Town

The Primm family has struck a last-minute deal with Nevada operator Terrible's to keep the Primm Valley Hotel-Casino open, pulling the desert border town back from a July 4 closure that would

June 14, 2026

Business·Economy·News

Micron Technology semiconductor memory chip devices DRAM HBM AI 2026

Micron’s Real Risk Isn’t the Stock Price. It’s the Number No One Is Watching.

Micron is posting the most profitable margins in its history, and its stock has roughly tripled in a year — but the number that actually decides whether the AI memory supercycle is

June 14, 2026

Business·Economy·News·Technology

Satispay fintech app Milan Italy funding round 2026

Satispay Raises €120 Million to Turn Italy’s Idle Billions Into an Investing Habit

Italian fintech unicorn Satispay is raising up to €120 million to move beyond payments into stocks, ETFs, and pension products for its 6.5 million users — a bet that a payments app

June 13, 2026

Business·Economy·News·Technology

A Rolex Cosmograph Daytona Tiffany luxury watch worn on the wrist

Rolex Raises Gold Watch Prices Twice in One Year, and the People Buying Them Did Not Blink

Rolex raised gold-watch prices roughly five percent on June 1, its second hike of 2026 and a rare back-to-back move in a single year. Gold spot has nearly doubled since 2024 to

June 13, 2026

Business·Markets·News

A truck transporting cars beneath signage indicating US trade routes

The Largest US Auto Parts Supplier Most Drivers Have Never Heard Of Is Liquidating, and Its Founder Is Charged With Inventing the Receivables

First Brands Group, the bankrupt parent of FRAM, Raybestos, Autolite and Cardone, returned to a Houston courtroom Friday with a second attempt at a liquidation plan. Its founder Patrick James faces federal

June 13, 2026

Business·Markets·News

Zuckerberg Tells the 8,000 People Meta Just Fired That the Company Made Mistakes. It Plans to Throw a Hackathon About It.

Mark Zuckerberg's internal memo on Friday told Meta employees the company made mistakes in its AI-driven restructuring — the same restructuring that took 10 percent of the workforce. The remedies on offer:

June 13, 2026

Artificial Intelligence·Business·News·Technology

A container ship anchored in the Strait of Hormuz off Bandar Abbas, Iran

The CFTC May Block CME’s 24/7 Oil Contract, Because Letting Retail Trade Crude Through a Weekend Iran Crisis Is a Different Risk Than It Used to Be

CME Group on Thursday announced 24/7 trading for a new tenth-size WTI oil contract, launching August 30. The CFTC is weighing whether to block it. The reason is the rest of this

June 13, 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

China Now Makes More Than 7 in 10 EV Batteries Worldwide, and Two Companies Are Doing More Than Half the Work

Turkey Gets Its Energy Bill for the Middle East War

Italy Diesel Falls Below €2 for First Time in Months, Petrol Hits €1.891

Primm Casino Rescue: Terrible’s Steps In to Save Nevada’s Last Gateway Gambling Town

Micron’s Real Risk Isn’t the Stock Price. It’s the Number No One Is Watching.

Satispay Raises €120 Million to Turn Italy’s Idle Billions Into an Investing Habit

Rolex Raises Gold Watch Prices Twice in One Year, and the People Buying Them Did Not Blink

The Largest US Auto Parts Supplier Most Drivers Have Never Heard Of Is Liquidating, and Its Founder Is Charged With Inventing the Receivables

Zuckerberg Tells the 8,000 People Meta Just Fired That the Company Made Mistakes. It Plans to Throw a Hackathon About It.

The CFTC May Block CME’s 24/7 Oil Contract, Because Letting Retail Trade Crude Through a Weekend Iran Crisis Is a Different Risk Than It Used to Be

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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