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.

JPMorgan Chase headquarters as bank goes neutral on Turkish assets over election and dollarization risks

JPMorgan Goes Neutral on Turkey as Election Risk and Dollarization Fears Rattle Wall Street

JPMorgan has stepped back from structural long positions on Turkish assets, citing the unpriced risk of snap elections before year-end and the threat of precautionary dollarization — a retreat that coincides with

June 6, 2026

Business·Economy·News

World Bank approves EUR 191.5 million loan for Turkey Green and Future Cities Project in Antalya and Konya

World Bank Approves €191.5 Million Loan to Modernize Turkey’s Cities of Antalya and Konya

The World Bank approved a €191.5 million loan for Turkey's Green and Future Cities Project, targeting transport, water, and sanitation upgrades in Antalya and Konya — a bet on municipal creditworthiness as

June 6, 2026

Business·Economy·News

Gold bars and bullion representing the spot gold market as prices fall below the 200-day moving average in June 2026

Gold Slides Below 200-Day Average as Blowout Jobs Report Kills Fed Rate-Cut Hopes

Spot gold tumbled to its lowest level since March after a blowout May jobs report sent Treasury yields surging and extinguished what remained of the market's rate-cut expectations. The breakdown below the

June 6, 2026

Business·Economy·News

Cargo containers stacked at an Italian port amid declining throughput in Q1 2026

Italy’s Ports Split as Hormuz Closure Rewrites Mediterranean Trade Routes

Container throughput at Italian ports fell 4.6 percent in the first quarter of 2026 as the Hormuz closure fractured Mediterranean trade along a sharp geographic fault line, with Trieste absorbing the worst

June 6, 2026

Business·Economy·News

Rosneft CEO Igor Sechin speaks at the SPIEF 2026 energy panel in St. Petersburg

Sechin at SPIEF: Russia Guarantees Oil Supplies to China and India Amid Global Energy Disruption

Rosneft CEO Igor Sechin declared at SPIEF 2026 that Russia cannot be excluded from global supply chains, guaranteeing stable crude deliveries to China and India even as Western sanctions and Hormuz disruptions

June 6, 2026

Business·Economy·News

Igor Sechin Rosneft CEO at SPIEF 2026 energy panel St. Petersburg

Sechin Says Hormuz Reopening Would Push Brent to $95–96 by Year-End, Then Drop to $80–85 in 2027

Rosneft CEO Igor Sechin told SPIEF on Saturday that reopening the Strait of Hormuz now would send Brent crude to $95–96 per barrel by year-end, but cautioned that a full return to

June 6, 2026

Business·Economy·News

Rosneft CEO Igor Sechin at the SPIEF 2026 energy panel discusses the Strait of Hormuz crisis and oil prices

Sechin Warns Oil Could Hit $250 If Russia’s 7 Million Barrels Are Pushed From Market

Rosneft CEO Igor Sechin told the SPIEF energy panel that attempts to eliminate Russian oil exports would add $100 to an already strained market, pushing global prices toward $250 to $260 per

June 6, 2026

Business·Economy·News

Delegates at the SPIEF 2026 closing session in St. Petersburg, Russia

SPIEF 2026 Closes With $89.57 Billion in Deals as 142 Nations Defy Sanctions to Do Business With Russia

Russia's flagship investment forum closed Saturday with 1,084 agreements totaling 6.64 trillion rubles — a marginal increase on both the 2024 and 2025 figures — signed under conditions of record Western sanctions

June 6, 2026

Business·Economy·News

Attendees at SPIEF 2026 St. Petersburg International Economic Forum energy panel

Energy Transition Faces a Metal Reckoning, Sechin Warns at SPIEF 2026

Rosneft CEO Igor Sechin told the SPIEF 2026 energy panel that metal consumption in electricity generation, electric transport, and power grids will require nearly 200 million additional tonnes by mid-century — a

June 6, 2026

Business·Economy·News

Japan-linked crude oil tanker near the Strait of Hormuz during the Iran crisis, 2026

Eneos Endeavor Docks at Negishi Refinery, Second Japanese Tanker to Clear Hormuz Since Iran War

The Eneos Endeavor, a supertanker managed by Japan's largest refiner, discharged the last of its 2.15 million barrels of Gulf crude at the Negishi refinery in Yokohama on Saturday — completing a

June 6, 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

JPMorgan Goes Neutral on Turkey as Election Risk and Dollarization Fears Rattle Wall Street

World Bank Approves €191.5 Million Loan to Modernize Turkey’s Cities of Antalya and Konya

Gold Slides Below 200-Day Average as Blowout Jobs Report Kills Fed Rate-Cut Hopes

Italy’s Ports Split as Hormuz Closure Rewrites Mediterranean Trade Routes

Sechin at SPIEF: Russia Guarantees Oil Supplies to China and India Amid Global Energy Disruption

Sechin Says Hormuz Reopening Would Push Brent to $95–96 by Year-End, Then Drop to $80–85 in 2027

Sechin Warns Oil Could Hit $250 If Russia’s 7 Million Barrels Are Pushed From Market

SPIEF 2026 Closes With $89.57 Billion in Deals as 142 Nations Defy Sanctions to Do Business With Russia

Energy Transition Faces a Metal Reckoning, Sechin Warns at SPIEF 2026

Eneos Endeavor Docks at Negishi Refinery, Second Japanese Tanker to Clear Hormuz Since Iran War

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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