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.

An industrial nickel processing facility in Indonesia

Indonesia Seizes Control of Its Commodity Exports as Buyers Scramble

Indonesia is forcing exports of its coal, palm oil and nickel through a single new state entity and slashing nickel quotas, a resource-nationalism push that hands Jakarta leverage over the US, China

June 10, 2026

Business·Economy·News

Rivian Stakes Its Future on the R2 as Cheaper Chinese EVs Circle

Rivian has begun deliveries of the R2, the make-or-break electric SUV it needs to reach scale, starting near $58,000. The launch lands in a US market walled off by tariffs from the

June 10, 2026

Business·News·Technology

Shipping containers stacked at Qingdao port in China

China’s Exports Surge 19% as Trump’s Tariff War Backfires

China's exports surged 19.4 percent in May to a record, and shipments to the United States soared 35 percent despite Washington's tariffs. With imports climbing and the surplus widening past 105 billion

June 10, 2026

Business·Economy·News

South African President Cyril Ramaphosa speaks at an economic forum

South Africa’s Economy Turns a Corner as Fitch Ends 21-Year Wait

South Africa's GDP grew 0.5 percent in Q1 2026, a sixth straight quarter of growth, days after Fitch's first upgrade in 21 years. The rare bright spot for a BRICS economy lands

June 9, 2026

Business·Economy·News

A United States Social Security card, representing retirement benefits

Social Security Retirement Fund Will Run Dry in 2032, a Year Earlier

The fund that pays America's retirement benefits will run dry in late 2032, a year earlier than forecast, the Social Security trustees said Tuesday, with the program's own actuary pointing in part

June 9, 2026

Economy·Government and Politics·News

Advanced nuclear reactor at Idaho National Laboratory achieves criticality under DOE Reactor Pilot Program

US Races to Critical: Four Advanced Nuclear Reactors Set to Go Online Before July 4 Deadline

Energy Secretary Chris Wright confirmed a second advanced non-light-water reactor reached criticality last week and said two more are expected before July 4, compressing a four-decade gap in US nuclear development into

June 15, 2026

Business·News·Technology

US President Donald Trump, whose global tariffs were ruled illegal by the Supreme Court

US Must Refund $175 Billion in Trump Tariffs, and His Team Is Fighting It

After the Supreme Court ruled Donald Trump's global tariffs illegal, the US faces refunding some $175 billion collected from importers. But the administration is fighting to pay back as little as possible,

June 9, 2026

Business·Economy·News

North Korean leader Kim Jong Un speaks at the Ninth Congress of the Workers' Party in Pyongyang

North Korea’s Economy Is Booming, Powered by Russia and China

North Korea is in the middle of its strongest economic run since Kim Jong Un took power, with manufacturing at a 25-year high and a construction boom remaking Pyongyang. Far from the

June 9, 2026

Business·Economy·News

US Capitol Police officer stands guard outside the House of Representatives on Capitol Hill, Washington DC

Senate’s Crypto Bill Has Five Corruption Holes. The Floor Vote Is the Last Chance to Close Them

The Digital Asset Market Clarity Act is headed to the Senate floor with five documented gaps that leave U.S. markets exposed to North Korean hackers, Iranian sanctions evasion, and a sitting president

July 2, 2026

Business·Economy·Government and Politics·News·Technology

Shoppers at an open-air livestock market in Abuja, Nigeria, amid a rising cost of living

IMF Warns Nigeria Over $5 Billion UAE Loan as Abuja Bypasses the West

The IMF has warned Nigeria that its plan to borrow up to $5 billion through a swap deal with First Abu Dhabi Bank is opaque and risky. The caution lands as Abuja,

June 9, 2026

Business·Economy·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

Indonesia Seizes Control of Its Commodity Exports as Buyers Scramble

Rivian Stakes Its Future on the R2 as Cheaper Chinese EVs Circle

China’s Exports Surge 19% as Trump’s Tariff War Backfires

South Africa’s Economy Turns a Corner as Fitch Ends 21-Year Wait

US Races to Critical: Four Advanced Nuclear Reactors Set to Go Online Before July 4 Deadline

US Must Refund $175 Billion in Trump Tariffs, and His Team Is Fighting It

North Korea’s Economy Is Booming, Powered by Russia and China

Senate’s Crypto Bill Has Five Corruption Holes. The Floor Vote Is the Last Chance to Close Them

IMF Warns Nigeria Over $5 Billion UAE Loan as Abuja Bypasses the West

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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