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.

Vessels sailing in the Strait of Hormuz as oil prices remain elevated amid Iran conflict June 2026

Oil Near $94 Tests the One Assumption Wall Street Has Refused to Question

Global stocks retreated on Monday as Brent crude approached $94 a barrel, putting the first serious pressure on the AI-driven rally's most convenient assumption: that oil prices and technology earnings occupy separate

June 8, 2026

Business·Economy·News

Seoul’s Circuit Breaker, a Jobs Shock and Iran’s Missiles: How Three Crises Crashed Asian Markets in a Single Day

South Korea's KOSPI plunged 8.29 percent and tripped its circuit breaker on Monday as three simultaneous shocks — Iran's missile strike on Israel, Broadcom's AI guidance miss, and a blowout US jobs

June 8, 2026

Business·Conflicts, Military and War·Economy·News

Broadcom headquarters sign as AI chip guidance miss triggers $1.3 trillion semiconductor selloff June 2026

Broadcom’s $1.2 Billion Guidance Miss Just Erased $1.3 Trillion From the Chip Market

A single line in Broadcom's quarterly earnings — AI chip guidance of $16 billion against Wall Street's $17.2 billion expectation — set off a two-day cascade that wiped $1.3 trillion from U.S.

June 8, 2026

Artificial Intelligence·Business·News·Technology

Trader on floor of New York Stock Exchange as Nasdaq plunges 4 percent on June 5 2026 after jobs report fuels Fed rate hike fears

Nasdaq’s Worst Day in a Year Exposes the Fault Lines Beneath the AI Rally

A stronger-than-expected May jobs report erased $1.7 trillion from global equity markets on Friday, sending the Nasdaq to its steepest single-day loss since April 2025 and raising the probability of a Federal

June 7, 2026

Business·Economy·News·Technology

Bitcoin price crash below $60,000 for first time since 2024 as crypto markets sell off

Bitcoin Breaks Below $60,000 for First Time Since 2024 as Trump Rally Fully Unwinds

Bitcoin slid to $59,110 on Friday, breaching the $60,000 floor for the first time since October 2024 and effectively erasing the entire post-election rally that carried the cryptocurrency to a record $122,000.

June 7, 2026

Business·Crypto·Economy·News

Saudi Energy Minister Prince Abdulaziz bin Salman and OPEC Secretary-General Haitham Al Ghais at SPIEF ahead of July 2026 output decision

OPEC+ Locks In Group-Wide Production Quotas Through December in First Full Ministerial Without UAE

OPEC+ locked in its group-wide production quotas through December 31 at its 41st ministerial on Sunday, the first full session held without the United Arab Emirates. The decision preserves the alliance's baseline

June 7, 2026

Business·Economy·News

OPEC headquarters Vienna as seven-nation group extends overproduction compensation deadline to December 2026

OPEC+ Extends Overproduction Compensation Deadline to December 2026 as Hormuz War Upends Market

The seven-nation OPEC+ core group voted Sunday to extend the compensation window for overproduction dating to January 2024 through the end of December 2026, a six-month extension that reflects the alliance's difficulty

June 7, 2026

Business·Economy·News

OPEC+ Approves 188,000 Bpd Output Hike for July in Fourth Consecutive Increase Since Hormuz Crisis

Seven OPEC+ nations approved a 188,000 barrels-per-day production increase for July, the fourth consecutive monthly hike since the Strait of Hormuz crisis shuttered Gulf supply — yet the targets remain largely undeliverable

June 7, 2026

Business·Economy·News

Gold bars and precious metals prices decline chart at 100 days of Iran-Israel war

Gold Down 18%, Palladium Loses Nearly a Third as Iran War Hits 100-Day Mark

Precious metals that soared to all-time highs before the US-Israeli strikes on Iran have surrendered those gains and more, with palladium leading losses at 31% as the Federal Reserve holds rates high

June 7, 2026

Business·Economy·News

SpaceX Starship rocket at Starbase Texas prepared for test flight ahead of IPO 2026

SpaceX’s IPO Is Built on Tesla’s Retail Army — and the S&P 500 Won’t Save It If They Blink

SpaceX’s June 12 debut allocates up to 30% of shares to retail investors — triple the typical rate — while S&P Dow Jones’s refusal to bend its profitability rule means no passive

June 7, 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

Oil Near $94 Tests the One Assumption Wall Street Has Refused to Question

Seoul’s Circuit Breaker, a Jobs Shock and Iran’s Missiles: How Three Crises Crashed Asian Markets in a Single Day

Broadcom’s $1.2 Billion Guidance Miss Just Erased $1.3 Trillion From the Chip Market

Nasdaq’s Worst Day in a Year Exposes the Fault Lines Beneath the AI Rally

Bitcoin Breaks Below $60,000 for First Time Since 2024 as Trump Rally Fully Unwinds

OPEC+ Locks In Group-Wide Production Quotas Through December in First Full Ministerial Without UAE

OPEC+ Extends Overproduction Compensation Deadline to December 2026 as Hormuz War Upends Market

OPEC+ Approves 188,000 Bpd Output Hike for July in Fourth Consecutive Increase Since Hormuz Crisis

Gold Down 18%, Palladium Loses Nearly a Third as Iran War Hits 100-Day Mark

SpaceX’s IPO Is Built on Tesla’s Retail Army — and the S&P 500 Won’t Save It If They Blink

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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