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

Volkswagen workers protest outside Zwickau plant against 100,000 job cuts plan

Volkswagen Supervisory Board Blocks Brand Cuts as Workers Reject 100,000 Job Losses

Volkswagen's supervisory board voted 12-7 against management's plan to cut half its model lineup and 100,000 jobs globally, with labor and Lower Saxony state blocking CEO Oliver Blume. The setback comes as

July 10, 2026

Business·Economy·News

Integrated circuit chip showing semiconductor components dependent on helium for wafer cooling and plasma etching

China Bans Helium Exports as Middle East War Strains Critical Semiconductor Supply

China imposed an immediate ban on helium exports Friday, citing Middle East conflict, threatening semiconductor factories with no viable substitute. The ban ripples through chipmaker supply chains from Seoul to Taipei with

July 10, 2026

Business·News·Technology

Asian Development Bank headquarters building in Mandaluyong Philippines

ADB Cuts India’s FY27 Growth Forecast to 6.6% as Middle East Energy Shock Bites

The Asian Development Bank trimmed India's fiscal 2027 growth forecast to 6.6% from 6.9%, pinning the 30-basis-point cut on elevated energy prices from the Iran-US Middle East conflict. The IMF has made

July 10, 2026

Business·Economy·News

2022 Land Rover Range Rover SE P440e hybrid SUV front view

India Clears UK Vehicle Tariff Channel Under FTA, JLR Stands to Gain Most

India's trade regulator published UK vehicle import qualification rules July 10, effective July 15, opening a reduced-tariff channel primarily benefiting JLR's Range Rover and Defender. Rules of origin for Rolls-Royce and McLaren

July 10, 2026

Business·Economy·News

National Stock Exchange of India building in Mumbai

India’s NSE Pitches $3.6 Billion IPO to 30 Global Investors Ahead of September Listing

India's National Stock Exchange plans to pitch its long-awaited IPO to 30 global institutional investors starting July 17, targeting a September listing that would raise $3.6 billion and place the exchange among

July 10, 2026

Business·Economy·News

Canadian Prime Minister Mark Carney at a public event, who visited Saudi Arabia in July 2026 for the first Canadian PM trip to the kingdom in 26 years

Canada Signs Mining and AI Pacts in Saudi Arabia, Carney’s First PM Visit in 26 Years

Canadian PM Mark Carney signed mining, energy and AI pacts with Saudi Arabia in Jeddah on Thursday, the first Canadian PM visit in 26 years. The two nations also established a Saudi-Canadian

July 10, 2026

Business·Economy·News

Satellite image of the Strait of Hormuz showing the narrow passage between Iran and Oman during the US-Iran conflict

Only 5 Ships Crossed the Strait of Hormuz in 24 Hours as US-Iran Fighting Resumes

Only five vessels crossed the Strait of Hormuz on Thursday as US and Iranian forces resumed strikes, against a prewar baseline of 130 daily crossings. Zero large tankers have used the US-coordinated

July 10, 2026

Business·Economy·News

Tata Consultancy Services TCS office campus Madhapur Hyderabad India

TCS Posts $7.6 Billion Revenue as AI Business Grows 14 Percent in a Quarter

Tata Consultancy Services reported Q1 FY27 revenue of $7.6 billion, up 2.7 percent, as its AI revenue hit $2.6 billion annualized after growing 13.6 percent in a single quarter. Net income reached

July 10, 2026

Artificial Intelligence·Business·News·Technology

PepsiCo Beats Revenue but Warns of Inflationary Pressures Squeezing US Consumers

PepsiCo posted $24.18 billion in second-quarter revenue, beating Wall Street estimates, but core EPS of $2.20 missed by a penny as CEO Ramon Laguarta warned that the U.S. consumer is deteriorating faster

July 10, 2026

Business·Economy·News

Uzbekistan food processing and metals export facility Central Asia

Uzbekistan Targets $4.5 Billion in Processed Food Exports and $4.2 Billion Metals Drive

Uzbekistan is targeting $4.5 billion in processed food exports this year, rising to $10 billion by 2030, as parallel metals projects worth $4.2 billion aim to triple profits from the country's copper

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.

Volkswagen Supervisory Board Blocks Brand Cuts as Workers Reject 100,000 Job Losses

China Bans Helium Exports as Middle East War Strains Critical Semiconductor Supply

ADB Cuts India’s FY27 Growth Forecast to 6.6% as Middle East Energy Shock Bites

India Clears UK Vehicle Tariff Channel Under FTA, JLR Stands to Gain Most

India’s NSE Pitches $3.6 Billion IPO to 30 Global Investors Ahead of September Listing

Canada Signs Mining and AI Pacts in Saudi Arabia, Carney’s First PM Visit in 26 Years

Only 5 Ships Crossed the Strait of Hormuz in 24 Hours as US-Iran Fighting Resumes

TCS Posts $7.6 Billion Revenue as AI Business Grows 14 Percent in a Quarter

PepsiCo Beats Revenue but Warns of Inflationary Pressures Squeezing US Consumers

Uzbekistan Targets $4.5 Billion in Processed Food Exports and $4.2 Billion Metals Drive

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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