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.

Signage of a leading US artificial intelligence company as Washington weighs taking equity stakes in the AI industry

Trump Floats US Government Equity Stakes in Top AI Companies

President Trump says his administration is weighing whether the US government should take equity stakes in the country's largest artificial intelligence companies, and will meet their executives as soon as next week.

June 6, 2026

Artificial Intelligence·News·Technology

Job seekers at an employment fair in the United States ahead of the May 2026 jobs report

US Economy Adds 172,000 Jobs in May, Doubling Forecasts as Iran War Fails to Break Labor Market

US employers added 172,000 jobs in May 2026, roughly double Wall Street's 85,000 forecast, as the labor market shrugged off Iran war energy costs for a third straight month of six-figure gains.

June 5, 2026

Business·Economy·News

The Jobs Report That Broke Wall Street’s Bet and Handed Kevin Warsh an Impossible First Test

May nonfarm payrolls surged to 172,000 — more than double what Wall Street had penciled in — upending months of market positioning and forcing traders to price in a Federal Reserve rate

June 5, 2026

Business·Economy·Markets·News

SpaceX Falcon 9 rocket launches as the company sets a fixed $135 IPO share price targeting a $1.77 trillion Nasdaq debut in June 2026

SpaceX IPO Roadshow Launches at $135 a Share, and Jamie Dimon Is Personally Selling It to 2,500 of America’s Wealthiest Investors

NEW YORK — On Thursday morning, from JPMorgan Chase’s glass tower overlooking Park Avenue, Jamie Dimon did something that senior American bankers almost never do. He personally pitched a stock. The JPMorgan

June 5, 2026

Business·Economy·Technology

William Hill betting shop exterior Britain Evoke Bally's Intralot takeover 2026

Greek Lottery Giant Bally’s Intralot Agrees £243m Takeover of William Hill Owner Evoke

Athens-listed Bally's Intralot has agreed to acquire Evoke — the owner of William Hill, 888, and Mr Green — in a £243 million all-share deal that pairs an indebted British bookmaker with

June 5, 2026

Business·Economy·News

Smoke billows from a Gazprom Neft oil refinery in Russia

Gazprom Seals New Deal to Boost Gas Supplies to Kazakhstan as Miller Meets Sklyar at SPIEF

Russia's Gazprom and Kazakhstan's presidential administration signed an agreement at SPIEF on Thursday for additional gas supplies in 2026, deepening the two countries' energy ties even as Astana's domestic demand strains its

June 5, 2026

Business·Economy·News

For Sale sign displayed outside a home in Portland Oregon as US mortgage rate falls to 6.48 percent June 2026

US Mortgage Rate Eases to 6.48% From Nine-Month High as Iran War Keeps Buyers Sidelined

The 30-year fixed mortgage fell to 6.48% from 6.53%, Freddie Mac reported Thursday, retreating from its highest level in nine months — but the Iran war's grip on oil prices and inflation

June 4, 2026

Business·Economy·News

Delegates walk through the exhibition hall at the 29th St. Petersburg International Economic Forum, June 2026

Russia and Saudi Arabia Eye $10 Billion Trade Target as Payment Barriers Slow Centennial Partnership

The head of the Russian-Saudi Business Council set a $10 billion trade target at SPIEF 2026, but acknowledged that payment system restrictions remain the primary obstacle — even as bilateral commerce has

June 4, 2026

Business·Economy·News

A hiring sign displayed at a restaurant in Morton Grove Illinois as US weekly jobless claims hit 225000 highest since February 2026

US Jobless Claims Hit Four-Month High of 225,000 as Employers Post Jobs But Refuse to Hire

Initial unemployment filings surged to 225,000 last week, the highest since February, as American employers posted a near two-year record of 7.6 million job openings while slashing their actual hiring — a

June 4, 2026

Business·Economy·News

Kevin Warsh takes oath of office as Federal Reserve Chairman at White House ceremony, May 22, 2026

IMF Warns US Inflation Relief Delayed to 2027 as Tariffs and Oil Keep Prices Elevated

The IMF told reporters Thursday that the American economy is growing at around 2 percent but faces a compounding inflation problem — trade tariffs pushing up goods prices from one direction and

June 4, 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

Trump Floats US Government Equity Stakes in Top AI Companies

US Economy Adds 172,000 Jobs in May, Doubling Forecasts as Iran War Fails to Break Labor Market

The Jobs Report That Broke Wall Street’s Bet and Handed Kevin Warsh an Impossible First Test

SpaceX IPO Roadshow Launches at $135 a Share, and Jamie Dimon Is Personally Selling It to 2,500 of America’s Wealthiest Investors

Greek Lottery Giant Bally’s Intralot Agrees £243m Takeover of William Hill Owner Evoke

Gazprom Seals New Deal to Boost Gas Supplies to Kazakhstan as Miller Meets Sklyar at SPIEF

US Mortgage Rate Eases to 6.48% From Nine-Month High as Iran War Keeps Buyers Sidelined

Russia and Saudi Arabia Eye $10 Billion Trade Target as Payment Barriers Slow Centennial Partnership

US Jobless Claims Hit Four-Month High of 225,000 as Employers Post Jobs But Refuse to Hire

IMF Warns US Inflation Relief Delayed to 2027 as Tariffs and Oil Keep Prices Elevated

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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