Economy Desk

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

Amazon headquarters as FTC and 22 states file $20 billion antitrust lawsuit over secret ad auction surcharge scheme

FTC and 22 States Sue Amazon Over $20 Billion Secret Ad Auction Surcharge

Federal regulators and 22 state attorneys general sued Amazon on August 31, alleging the company secretly inflated advertising auction prices by up to 15 percent through an internal program called 'Project Nessie,'

September 3, 2026

by Economy Desk

Federal Reserve Chair Kevin Warsh whose rate warning pulled Goldman Sachs GS stock down 0.75% on August 28 2026

Goldman Sachs Dips on Warsh Rate Fear, Four Days Before a $5 Dividend

Goldman Sachs closed at $1,025.49 on August 28, retreating 0.75% as Kevin Warsh's Jackson Hole rate warning pressured financials across the board. The bank posted EPS of $20.98 in Q2 — nearly double year-over-year — with an investment banking backlog

September 1, 2026

by Economy Desk

US Treasury Secretary Scott Bessent speaks at G20 finance ministers meeting about the Strait of Hormuz oil pipelines

Bessent Says Strait of Hormuz Will Be ‘Worthless’ in Two Years as Oil Shifts to Land

US Treasury Secretary Scott Bessent declared at the G20 finance ministers' meeting that the Strait of

Gold and silver precious metals market September 2026 US spot price

The Fed Pivoted Hawkish at Jackson Hole. That Is Why Silver Is $66.79 Today and Not Higher.

Silver is at $66.79 per troy ounce on September 1, 2026 — 45% below February's $122

SpaceX Falcon 9 rocket launching from Vandenberg Space Force Base for a Space Force national security mission

SpaceX Wins $1.6 Billion Space Force Contract for 18 Falcon 9 Missions

SpaceX Inc. won two task orders worth $1.6 billion Wednesday for 18 Falcon 9 launches from Vandenberg carrying Space Force sensing and targeting satellites to orbit by late 2027. The award is

July 30, 2026

Business·News·Technology

Seniors attending a Humana health fair as the company exits additional Medicare Advantage markets for 2027

Humana Exits Additional Medicare Advantage Plans for 2027

Humana Inc. HUM has announced it will exit additional Medicare Advantage markets for 2027, the second consecutive year the company is withdrawing from government health plans it can no longer make profitable.

July 30, 2026

Business·Economy·Health·News

NextEra Energy renewable energy infrastructure supporting the company's AI data center campus expansion

NextEra and Brookfield Plan $100 Billion AI Data Center Campus on Kentucky DOE Site

NextEra Energy and Brookfield Asset Management announced a $100 billion AI data center campus on a former Department of Energy site in Western Kentucky. The deal pairs compute infrastructure with dedicated clean

July 30, 2026

Business·Economy·News·Technology

Grant Thornton professional services consultant

Grant Thornton Advisors Agrees to Acquire CBIZ Inc. for $5 Billion in All-Cash Deal

Grant Thornton Advisors agreed to acquire CBIZ Inc. CBZ for $55 a share in cash, a $5 billion deal that would make it the fifth-largest US professional services firm. CBIZ shareholders receive

July 30, 2026

Business·Economy·News

South Korean retail investor monitors KOSPI stock trading platform in Seoul during the July 2026 market crash

South Korea’s KOSPI Crashes 16% in Two Days as Finance Minister Apologizes for Leveraged ETF Experiment

South Korea's KOSPI plunged roughly 16% over two sessions on July 29-30, erasing $2.18 trillion in market value, as leveraged ETF products turned an SK Hynix earnings miss into a national financial

July 30, 2026

Business·Economy·Markets·News

Federal Reserve interest rate decision July 2026 triggering 30-year Treasury yield to 19-year high

The 30-Year Treasury Yield Just Hit a 19-Year High. The Bond Market Is Saying the Fed Miscalculated.

The 30-year US Treasury yield hit its highest level since 2007 after the Fed held rates for a fifth straight meeting, as bond investors reprice long-term inflation expectations upward. The move raises

July 30, 2026

Business·Economy·Markets·News

Qualcomm’s Apple Revenue Cliff Steepens as Q4 Profit Outlook Disappoints

Qualcomm posted Q3 revenue of $9.95 billion but warned its Apple modem revenue will fall faster than it projected in April, with iPhone share dropping well below the previous 20% estimate. Record

July 30, 2026

Business·Economy·News·Technology

New York sports betting app showing $2.26 billion June 2026 record handle and 43% revenue crash

New York Sports Betting Took $2.26 Billion in June. The Knicks Kept Most of It.

New York's sportsbooks hit a $2.26B June handle record but reported just $117M in revenue, down 43.3%, as the Knicks championship and World Cup produced the mobile era's lowest hold rate at

July 30, 2026

Business·News

Ameristar Casino Resort Spa in St. Charles Missouri Boyd Gaming Midwest property

Boyd Gaming Q2 Profit Squeezed as Las Vegas Locals Weaken and Online Margins Collapse

Boyd Gaming's second-quarter adjusted EPS of $1.93 beat estimates, but net income fell to $131.2 million as Las Vegas Locals EBITDAR dropped $6.3 million and online segment profitability fell 52%. Midwest and

July 30, 2026

Business·News

Las Vegas Sands Venetian Macao casino resort on Macau Cotai Strip

Las Vegas Sands Q2 Earnings Miss as Macau VIP Hold Collapses, Board Launches $6B Buyback

Las Vegas Sands missed Q2 estimates as a Macau VIP hold collapse wiped $87 million from quarterly earnings, even as underlying casino volumes across the territory rose sharply. The board's $6 billion

July 30, 2026

Business·Economy·News

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Economy Desk

FTC and 22 States Sue Amazon Over $20 Billion Secret Ad Auction Surcharge

Goldman Sachs Dips on Warsh Rate Fear, Four Days Before a $5 Dividend

Bessent Says Strait of Hormuz Will Be ‘Worthless’ in Two Years as Oil Shifts to Land

The Fed Pivoted Hawkish at Jackson Hole. That Is Why Silver Is $66.79 Today and Not Higher.

SpaceX Wins $1.6 Billion Space Force Contract for 18 Falcon 9 Missions

Humana Exits Additional Medicare Advantage Plans for 2027

NextEra and Brookfield Plan $100 Billion AI Data Center Campus on Kentucky DOE Site

Grant Thornton Advisors Agrees to Acquire CBIZ Inc. for $5 Billion in All-Cash Deal

South Korea’s KOSPI Crashes 16% in Two Days as Finance Minister Apologizes for Leveraged ETF Experiment

The 30-Year Treasury Yield Just Hit a 19-Year High. The Bond Market Is Saying the Fed Miscalculated.

Qualcomm’s Apple Revenue Cliff Steepens as Q4 Profit Outlook Disappoints

New York Sports Betting Took $2.26 Billion in June. The Knicks Kept Most of It.

Boyd Gaming Q2 Profit Squeezed as Las Vegas Locals Weaken and Online Margins Collapse

Las Vegas Sands Q2 Earnings Miss as Macau VIP Hold Collapses, Board Launches $6B Buyback

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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