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.

The Reserve Bank of India headquarters in Mumbai, the central bank defending the rupee as the Iran war pressures India's economy

RBI defends rupee as Iran war cuts India growth forecast in celebration week

The Reserve Bank reportedly stepped into the market for the rupee in the same week it cut India's growth forecast to 6.6 percent and raised the inflation outlook to 5.1, as the

June 10, 2026

Business·Economy·News

Onitsuka Tiger storefront in the Shinsaibashi shopping district of Osaka, Japan

Asics Sets Its Tiger Free: Onitsuka, the 38% Margin Brand, Becomes Its Own Company

Asics will spin off Onitsuka Tiger into a standalone subsidiary from January 1, separating its fastest-growing, highest-margin brand after sales jumped 43 percent to $851 million. Shares rose, because the market read

June 10, 2026

Business·Deals·News

A Boots pharmacy store on the High Street in Cheltenham, part of the 1,800-store chain drawing a 10 billion dollar Australian bid

Boots, Stripped From Walgreens a Year Ago, Draws a $10 Billion Australian Bid

Sigma Healthcare, the Australian owner of Chemist Warehouse, confirmed preliminary talks to buy Boots in a deal reported around $10 billion, with Canada's Weston family among rival bidders. A 178-year-old British institution

June 10, 2026

Business·Deals·News

SoftBank's Masayoshi Son and OpenAI's Sam Altman meeting in Tokyo in February 2025, before the stalled margin loan talks

Banks Balk at Pricing OpenAI: SoftBank’s $6 Billion Margin Loan Stalls

SoftBank's attempt to borrow at least $6 billion against its OpenAI stake has stalled, Bloomberg reported, with creditors unsure how to value a private company that has missed some internal sales and

June 10, 2026

Artificial Intelligence·Business·Markets·News

LNG carriers at anchor off Singapore, the kind of vessels that will move Malaysian gas to Japan under the new Petronas-JERA deal

Japan Locks In Malaysian Gas to 2048 While Missiles Fly Over Hormuz

Petronas and Japan's JERA signed a 20-year LNG supply deal running to 2048, up to 2 million tonnes a year from 2028, extending a partnership that began in 1983. The timing is

June 10, 2026

Business·Economy·News

Lenovo's research and development campus in Beijing, as the PC maker's shares fall on memory-driven price hikes

Lenovo Falls Nearly 10% as the Memory Crunch Comes for the Price of the PC

Lenovo shares slid nearly 10 percent in Hong Kong on reports of PC price increases driven by memory costs, the squeeze analysts call chipflation. The AI data centers eating the world's DRAM

June 10, 2026

Business·Markets·News·Technology

Shibuya Crossing in Tokyo, overlooked by one of Starbucks Japan's most famous stores, as the company weighs a stake sale

Starbucks Eyes a Stake Sale or IPO for Japan, Its Next Retreat From Owning Asia

Starbucks has held preliminary talks with banks about a stake sale or IPO for its Japan business, Bloomberg reported, a unit of about 2,100 directly operated stores that could be valued at

June 10, 2026

Business·Deals·News

OpenAI chief executive Sam Altman, whose company is negotiating a 10-gigawatt data center lease on federal land in Ohio

OpenAI Wants 10 Gigawatts on Federal Land in Ohio, With Nvidia Helping to Pay

OpenAI is in advanced talks to lease a proposed 10-gigawatt data center campus on 3,700 acres of Energy Department land in Ohio, with financial backing from Nvidia, The Information reported. Days after

June 10, 2026

Artificial Intelligence·Business·News·Technology

A semaglutide injection pen, the molecule that Novo Nordisk now also sells as the Wegovy pill competing for Medicare coverage

Novo and Lilly’s Pill War Has Three Weeks Before Medicare Turns On the $50 Spigot

On July 1, Medicare's GLP-1 Bridge starts covering weight-loss drugs at a flat $50 a month, and the obesity pill war between Novo Nordisk and Eli Lilly inherits millions of new customers

June 10, 2026

Business·Health·News

TSMC's Fab 12B semiconductor plant in Taiwan at night, where the world's most advanced chips are made

TSMC Says Inflation Is Raising Chip Costs and Will Not Rule Out Charging More

TSMC's finance chief told the BBC that inflation has pushed up costs and price rises are not ruled out, though nothing sudden. With Nvidia, AMD and Apple downstream, the question is not

June 10, 2026

Business·News·Technology

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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

RBI defends rupee as Iran war cuts India growth forecast in celebration week

Asics Sets Its Tiger Free: Onitsuka, the 38% Margin Brand, Becomes Its Own Company

Boots, Stripped From Walgreens a Year Ago, Draws a $10 Billion Australian Bid

Banks Balk at Pricing OpenAI: SoftBank’s $6 Billion Margin Loan Stalls

Japan Locks In Malaysian Gas to 2048 While Missiles Fly Over Hormuz

Lenovo Falls Nearly 10% as the Memory Crunch Comes for the Price of the PC

Starbucks Eyes a Stake Sale or IPO for Japan, Its Next Retreat From Owning Asia

OpenAI Wants 10 Gigawatts on Federal Land in Ohio, With Nvidia Helping to Pay

Novo and Lilly’s Pill War Has Three Weeks Before Medicare Turns On the $50 Spigot

TSMC Says Inflation Is Raising Chip Costs and Will Not Rule Out Charging More

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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