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

Founders HQ startup campus at One Central Dubai World Trade Centre district

Dubai Opens Founders HQ at One Central, Targeting 30 Unicorns by 2033

Dubai launched Founders HQ, a startup campus at One Central backed by Sheikh Hamdan, aiming to produce 30 unicorns by 2033. The first cohort of 23 startups generated four signed corporate deals

July 10, 2026

Business·News·Technology

SK Hynix semiconductor facility HBM chips ahead of Nasdaq SKHY debut July 2026

SK Hynix Raises $28 Billion on Nasdaq, Eclipsing Alibaba’s Decade-Old Record

SK Hynix raised $28 billion on Nasdaq, eclipsing Alibaba's 2014 record to rank second only to SpaceX in global share-sale history. The South Korean chipmaker controls 60 percent of the HBM market

July 10, 2026

Business·News·Technology

The Cotai Strip casino district in Macau, where six licensed operators filed more than 2,000 suspicious transaction reports in the first half of 2026

Macau Casino Operators Flag Over 2,000 Suspicious Transactions in First Half of 2026

Macau's six casino operators filed 2,018 suspicious transaction reports in the first half of 2026, an 8.7 percent year-on-year increase driven by rising visitor numbers and enhanced compliance, though the types of

July 10, 2026

Business·News

Architectural rendering of the proposed Hard Rock Hotel and Casino in Kenosha, Wisconsin, showing the planned resort complex near Interstate 94

Menominee Tribe’s $360 Million Hard Rock Casino in Kenosha Clears Federal Environmental Review

The Bureau of Indian Affairs found the Menominee tribe's proposed $360 million resort near the Illinois border would have no significant environmental impact, advancing the project toward a final federal decision expected

July 10, 2026

Business·News

Volkswagen workers on the production line at a German factory facing mass layoffs

Volkswagen Board Weighs 100,000 Layoffs in Germany’s Largest Industrial Contraction

Volkswagen's board met Thursday to vote on 100,000 job cuts and four German plant closures, the largest contraction in postwar German history. IG Metall and works council jointly called it an attack

July 10, 2026

Business·Economy·News

Gas station pump prices reflecting surging energy costs from the Iran war 2026 oil inventory crisis

US Gasoline Prices Snap 50-Day Slide as Iran Escalation Rattles Energy Markets

The national average price of regular gasoline rose to $3.84 per gallon on Thursday, its first increase in nearly 50 days, after the collapse of the US-Iran ceasefire sent crude oil surging

July 9, 2026

Economy·News

Brent crude oil price rises above $80 per barrel during global market rally

Brent Crude Surges Above $80 for First Time Since June, US-Iran Tensions Shake Global Oil Markets

Global oil prices surged sharply on Wednesday, with Brent crude briefly climbing above $80 per barrel for the first time since June 22, as escalating geopolitical tensions in the Middle East reignited

July 8, 2026

Business·Economy

Container ships unload imported cargo at a US port as AI-driven capital goods imports push the May 2026 trade deficit higher.

US Trade Deficit Swelled in May as AI-Fueled Imports Surged and Exports Fell

American companies are investing aggressively in artificial intelligence, pouring billions of dollars into servers, semiconductors and advanced computing equipment. At the same time, that spending spree is widening the nation’s trade deficit

July 8, 2026

Business

Samsung Electronics headquarters as the company posts record Q2 2026 operating profit driven by AI memory chip demand

Samsung Posts $58 Billion Quarter as AI Memory Demand Breaks Every Chipmaker Record

Samsung Electronics reported $58.4 billion in Q2 2026 operating profit, a 19-fold annual increase and the largest single-quarter profit any technology company has recorded. AI memory demand has outpaced supply for three

July 7, 2026

Artificial Intelligence·Business·News·Technology

SpaceX Falcon Heavy rocket carrying NASA Europa Clipper spacecraft at Launch Complex 39A Kennedy Space Center Florida October 2024

SpaceX Joins Nasdaq-100 as Index Funds Force Musk Critics Into the Trade

Space Exploration Technologies Corp. entered the Nasdaq-100 on Monday, triggering an estimated $4.3 billion in forced buying from index funds -- including from the retirement accounts of investors who spent months trying

July 7, 2026

Business·Markets·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.

Dubai Opens Founders HQ at One Central, Targeting 30 Unicorns by 2033

SK Hynix Raises $28 Billion on Nasdaq, Eclipsing Alibaba’s Decade-Old Record

Macau Casino Operators Flag Over 2,000 Suspicious Transactions in First Half of 2026

Menominee Tribe’s $360 Million Hard Rock Casino in Kenosha Clears Federal Environmental Review

Volkswagen Board Weighs 100,000 Layoffs in Germany’s Largest Industrial Contraction

US Gasoline Prices Snap 50-Day Slide as Iran Escalation Rattles Energy Markets

Brent Crude Surges Above $80 for First Time Since June, US-Iran Tensions Shake Global Oil Markets

US Trade Deficit Swelled in May as AI-Fueled Imports Surged and Exports Fell

Samsung Posts $58 Billion Quarter as AI Memory Demand Breaks Every Chipmaker Record

SpaceX Joins Nasdaq-100 as Index Funds Force Musk Critics Into the Trade

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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