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

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 US luxury EV demand falls short of projections. The move follows GM's Q2 results showing 43%

July 22, 2026

Business·Economy·News

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. merger through August 3, delivering the most serious legal blow to a deal already facing antitrust

July 22, 2026

Business·Entertainment·News

Disney Hollywood Studios featuring Pixar branding as the animation studio faces hundreds of job cuts in 2026

Disney Cuts Hundreds of Jobs at Pixar and ESPN in Third Layoff Round of 2026

Walt Disney Co. is cutting several hundred jobs at Pixar, ESPN, and National Geographic in its third round of layoffs in 2026. Pixar bears the brunt as the studio shifts to a

July 21, 2026

Business·Entertainment·News

Chevrolet truck on the road representing General Motors North American vehicle sales

General Motors Beats Q2 Earnings, North America Profits Jump 43 Percent

General Motors reported Q2 revenue of $48 billion and raised full-year guidance Tuesday, with North American profits jumping 43 percent on strong truck and SUV demand. Adjusted EBIT of $3.9 billion exceeded

July 21, 2026

Business·Economy·News

Pep Boys auto service bays Carl Icahn Mavis Discount Tire acquisition

Carl Icahn Sells Pep Boys to Mavis Discount Tire for $700 Million

Carl Icahn's Icahn Enterprises has agreed to sell the Pep Boys auto-service chain to Mavis Discount Tire for $700 million in cash, the Wall Street Journal reported, combining two of the largest

July 21, 2026

Business·Economy·News

Novo Nordisk headquarters and GLP-1 drug packaging amid federal lawsuit against Eli Lilly

Novo Nordisk Files Federal Lawsuit Against Eli Lilly Over GLP-1 Drug Advertising

Novo Nordisk filed a federal Lanham Act lawsuit against Eli Lilly on Monday, accusing Zepbound's maker of running misleading GLP-1 drug advertisements in the first known courtroom clash between the obesity market

July 21, 2026

Business·Health·News

JPMorgan Chase CEO Jamie Dimon at earnings call warning markets are underestimating geopolitical risks

Jamie Dimon Says He Won’t Buy Stocks or Bonds as JPMorgan Posts Record Profits

Jamie Dimon said Monday he would not buy stocks or US Treasury bonds at current levels, warning markets are underestimating geopolitical and inflation risks. The declaration came as JPMorgan Chase posted record

July 21, 2026

Business·Economy·Markets·News

Gas pump at Freedom Fuel Network station in Pennsylvania showing higher fuel prices

US Gas Prices Cross $4 a Gallon Again as Iran War Pushes Oil Markets Higher

US gasoline prices crossed $4 a gallon on Monday for the first time since June, as the Iran war drives oil 15% higher and tanker traffic through the Strait of Hormuz has

July 21, 2026

Business·Economy·News

Canadian and US trade relations amid Trump's 50% tariff order on Canadian goods

Trump Orders 50% Tariffs on Canadian Goods Under 1930 Law, USMCA No Longer a Shield

Trump signed an order Monday imposing 50% tariffs on Canadian wine, hockey sticks, and cement under a 1930 statute, explicitly overriding USMCA protections. Canadian PM Carney called it a direct violation of

July 21, 2026

Business·Economy·Government and Politics·News

South Korean stock market screens showing KOSPI decline as retail investors face margin calls and forced liquidations

‘I Couldn’t Breathe’: South Korea’s Retail Investors Pay the Price of Leverage

Over 1.2 million South Korean margin accounts hit call thresholds in July as the KOSPI's violent swings exposed a leveraged retail market. Some 360,000 accounts were liquidated; regulators banned new single-stock leveraged

July 20, 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.

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

Disney Cuts Hundreds of Jobs at Pixar and ESPN in Third Layoff Round of 2026

General Motors Beats Q2 Earnings, North America Profits Jump 43 Percent

Carl Icahn Sells Pep Boys to Mavis Discount Tire for $700 Million

Novo Nordisk Files Federal Lawsuit Against Eli Lilly Over GLP-1 Drug Advertising

Jamie Dimon Says He Won’t Buy Stocks or Bonds as JPMorgan Posts Record Profits

US Gas Prices Cross $4 a Gallon Again as Iran War Pushes Oil Markets Higher

Trump Orders 50% Tariffs on Canadian Goods Under 1930 Law, USMCA No Longer a Shield

‘I Couldn’t Breathe’: South Korea’s Retail Investors Pay the Price of Leverage

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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