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

Oil tanker at sea representing Iran crude oil exports during US sanctions waiver period

Iran Exported $5-6 Billion in Oil During Two-Week US Sanctions Waiver, Tanker Data Shows

Iran exported 70 million barrels of crude worth $5-6 billion to Asia during a 16-day US Treasury sanctions waiver that ran June 22 to July 7. Washington terminated the OFAC license without

July 19, 2026

Business·Economy·News

FAA Restores Boeing’s Self-Certification for 737 MAX and 787 Jets, Starting July 20

The FAA will allow Boeing to resume issuing airworthiness certificates for 737 MAX and 787 jets starting July 20 after eight months of shared inspections showed comparable quality results. FAA monitoring and

July 18, 2026

Business·Economy·News

Iraqi Prime Minister Ali al-Zaidi at the US-Iraq Washington business summit 2026

Iraq Signs $60bn in Energy Deals With Chevron, Plans Pipeline to Bypass Hormuz

Iraq signed over $60 billion in preliminary deals at a Washington summit Thursday, headlined by Chevron's agreement to rebuild the Kirkuk-Baniyas pipeline through Syria and give Baghdad an oil route bypassing the

July 18, 2026

Business·Economy·News

Apple retail store in Paris as Apple reclaims world's most valuable company title from Nvidia

Apple Reclaims World’s Most Valuable Company Title as Nvidia Slides 3.5%

Apple overtook Nvidia on Friday to reclaim the world's most valuable company title after Nvidia's stock dropped 3.5%, pushing Apple's market cap to $4.88 trillion. Analysts say the shift signals a rotation

July 18, 2026

Business·Markets·News

Airport departure board showing flight times affected by daylight saving time changes

Airlines Warn Permanent Daylight Saving Time Needs Two Years to Implement

Airlines for America warned Congress this week that making daylight saving time permanent could take up to two years for carriers to implement. Aviation analyst Henry Harteveldt called the 24-month estimate extreme,

July 17, 2026

Business·News

India's NaMo Green Rail hydrogen-powered train at Jind station in Haryana

India Launches NaMo Green Rail, Joining Five-Nation Hydrogen Train Club

Prime Minister Modi inaugurated India's first hydrogen-powered train on Friday, the NaMo Green Rail, starting service between Jind and Sonipat in Haryana. The launch makes India the fifth country to operate zero-emission

July 17, 2026

Climate·News·Technology

Oil pipeline terminal at Turkey's Ceyhan port representing the broader Kirkuk pipeline infrastructure corridor linking Iraqi oil to the Mediterranean

US and Chevron Back Iraq-Syria Pipeline to Bypass Strait of Hormuz

Iraq's oil exports have collapsed 60 percent since the Hormuz closure, costing Baghdad hundreds of millions of dollars weekly. The US and Chevron are backing a $4.5-8 billion revival of the Kirkuk-Baniyas

July 17, 2026

Business·Economy·News

The Marriner S. Eccles Federal Reserve Building in Washington DC where monetary policy decisions affecting US mortgage rates are made

US Mortgage Rates Hit 11-Month High at 6.55% as Middle East Lifts Treasury Yields

The 30-year fixed mortgage rate reached 6.55 percent this week, the highest since August 2025, as renewed Middle East conflict pushed oil prices and Treasury yields higher despite cooling June inflation data.

July 17, 2026

Business·Economy·Markets·News

SpaceX Falcon 9 rocket with Dragon spacecraft for NASA Crew-10 mission

SpaceX Shares Dip Below IPO Price as Losses Mount and China Closes In

SpaceX (Nasdaq: SPCX) briefly traded below its $135 IPO price Wednesday, the first breach since June's record listing. The company's $4.9 billion 2025 net loss and China's new reusable rocket program have

July 17, 2026

Business·Markets·News

Netflix co-CEO Ted Sarandos at earnings presentation Q2 2026

Netflix Hits 52-Week Low After Revenue Miss and Fewer Engagement Updates

Netflix (NFLX) fell to a 52-week low after missing second-quarter revenue by $20 million and announcing it will publish fewer updates on viewer engagement data. The stock dropped about 9 percent after-hours

July 17, 2026

Business·Entertainment·Markets·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.

Iran Exported $5-6 Billion in Oil During Two-Week US Sanctions Waiver, Tanker Data Shows

FAA Restores Boeing’s Self-Certification for 737 MAX and 787 Jets, Starting July 20

Iraq Signs $60bn in Energy Deals With Chevron, Plans Pipeline to Bypass Hormuz

Apple Reclaims World’s Most Valuable Company Title as Nvidia Slides 3.5%

Airlines Warn Permanent Daylight Saving Time Needs Two Years to Implement

India Launches NaMo Green Rail, Joining Five-Nation Hydrogen Train Club

US and Chevron Back Iraq-Syria Pipeline to Bypass Strait of Hormuz

US Mortgage Rates Hit 11-Month High at 6.55% as Middle East Lifts Treasury Yields

SpaceX Shares Dip Below IPO Price as Losses Mount and China Closes In

Netflix Hits 52-Week Low After Revenue Miss and Fewer Engagement Updates

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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