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

Paramount Pictures headquarters Los Angeles as company weighs California relocation

Paramount Eyes California Exit if Attorney General Sues Over Warner Deal

Paramount is weighing a move out of California if AG Rob Bonta sues to block its $110 billion Warner Bros. deal. Advisers have flagged relocation to New Jersey or Texas as a

July 13, 2026

Business·Entertainment·News

Circle CEO Jeremy Allaire speaks at Hong Kong Fintech Week about USDC stablecoin expansion

Stablecoin Market Sheds $10 Billion Since May in Largest Drop Since Terra-Luna Collapse

The stablecoin market lost over $10 billion since May, its steepest drop since the 2022 Terra-Luna collapse, with Tether falling to $184 billion and USDC to $73 billion. Analyst Paul Howard sees

July 12, 2026

Business·Crypto·Markets·News

Ripple CEO Brad Garlinghouse at the University of Kansas School of Business revealing details about the company nearly shutting down during the SEC lawsuit

Ripple CEO Garlinghouse Reveals Company Nearly Shut Down During SEC Lawsuit

Brad Garlinghouse disclosed this week that Ripple's leadership seriously considered shutting down and distributing XRP to shareholders during the SEC's $1.3 billion lawsuit. The four-year legal battle cost $150 million but produced

July 12, 2026

Business·Crypto·News

For sale sign in front of a home in California as US median home prices hit all-time high of $440600

US Home Prices Reach $440,600 All-Time High as Existing Sales Fall for 36th Straight Month

The median US home price hit a record $440,600 in June as NAR reported a 2.4% monthly sales drop, the 36th consecutive decline. First-time buyers fell to just 30 percent of transactions,

July 12, 2026

Business·Economy·News·Real Estate

Bitcoin cryptocurrency price chart showing stability amid US-Iran strikes and Strait of Hormuz closure

Bitcoin Holds Near $64K as US Strikes Iran for Third Time, Crypto Markets Prove Resilient

Bitcoin held near $63,800 on Saturday as the United States launched its third round of airstrikes on Iran and Tehran declared the Strait of Hormuz closed indefinitely. Crypto proved the only major

July 12, 2026

Business·Crypto·News

Saudi Crown Prince Mohammed bin Salman meets Canadian PM Mark Carney at Al-Salam Royal Palace in Jeddah for energy partnership talks on July 9 2026

King Salman Hands Prince Abdulaziz Saudi Arabia’s Energy and Industry Portfolios

King Salman merged Saudi Arabia's Energy and Industry portfolios under Prince Abdulaziz bin Salman on Saturday, as the Hormuz closure reduced Gulf crude exports. Bandar Alkhorayef was moved to Acting GAMI Governor

July 12, 2026

Business·Economy·News

A vessel navigates the Persian Gulf near Ajman UAE during the US-Iran war July 2026

Iraq Rushes to Seal Ceyhan Pipeline Deal Before Contract Expires at Month’s End

Iraq and Turkey are finalizing a 12-month deal to keep crude flowing through the Ceyhan pipeline before the current agreement expires at month's end. With Hormuz still restricted, the 970km route to

July 12, 2026

Business·Economy·News

LNG gas infrastructure terminal used for Russian natural gas exports to European markets including Spain

Russia Overtakes United States as Spain’s Second-Largest LNG Supplier, Enagas Data Shows

Russia overtook the United States as Spain's second-largest LNG supplier in June 2026, with deliveries up 67.5 percent year-on-year to 21.1 percent of imports, per Enagas. The shift arrives as the EU

July 11, 2026

Business·Economy·News

SK Hynix Raises $26.5 Billion in Record-Breaking Nasdaq IPO, Surpassing Alibaba

SK Hynix Inc. raised $26.5 billion in its US IPO on Thursday, with shares jumping 14% at open to $170. The South Korean chipmaker's debut surpassed Alibaba's 2014 record for the largest

July 11, 2026

Business·Economy·Markets·News

EasyJet aircraft at airport as Apollo bids 5.7 billion pounds for airline takeover

Apollo Bids £5.7 Billion for EasyJet, Outpacing Castlelake in Private Equity Race

Apollo outbid Castlelake for EasyJet with a £5.7 billion proposal, winning board backing on Friday. The competing deadlines — August 3 for Castlelake to respond, August 7 for Apollo — set up

July 10, 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.

Paramount Eyes California Exit if Attorney General Sues Over Warner Deal

Stablecoin Market Sheds $10 Billion Since May in Largest Drop Since Terra-Luna Collapse

Ripple CEO Garlinghouse Reveals Company Nearly Shut Down During SEC Lawsuit

US Home Prices Reach $440,600 All-Time High as Existing Sales Fall for 36th Straight Month

Bitcoin Holds Near $64K as US Strikes Iran for Third Time, Crypto Markets Prove Resilient

King Salman Hands Prince Abdulaziz Saudi Arabia’s Energy and Industry Portfolios

Iraq Rushes to Seal Ceyhan Pipeline Deal Before Contract Expires at Month’s End

Russia Overtakes United States as Spain’s Second-Largest LNG Supplier, Enagas Data Shows

SK Hynix Raises $26.5 Billion in Record-Breaking Nasdaq IPO, Surpassing Alibaba

Apollo Bids £5.7 Billion for EasyJet, Outpacing Castlelake in Private Equity Race

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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