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

Saudi Aramco oil storage tanks at the North Jiddah bulk plant in Saudi Arabia

OPEC+ Raises Output for Fifth Month as Post-War Hormuz Recovery Gathers Pace

Seven OPEC+ members approved a fifth consecutive monthly production boost of 188,000 bpd for August as Brent returns to pre-war levels. Saudi Arabia and Russia lead with 62,000 bpd each, but analysts

July 6, 2026

Business·Economy·Markets·News

Ola Electric S1 Air electric scooter, India's best-selling EV two-wheeler

India Sets Auto Retail Record as EV Two-Wheelers Cross 10% for First Time

India's auto retail posted its strongest-ever June in 2026, with 2.55 million units sold and electric two-wheelers claiming 10.6 percent share for the first time, alongside alternative-fuel passenger vehicles crossing 40 percent

July 6, 2026

Business·Economy·News

An easyJet Airbus A320neo, whose board agreed to recommend Castlelake's takeover bid

easyJet Rejected Four Bids as ‘Opportunistic.’ The Fifth Got a Yes.

easyJet's board called Castlelake's first four takeover bids opportunistic attempts to buy the airline cheap while the Iran conflict depressed its share price. The fifth offer, at a 73% premium and roughly

July 6, 2026

Business·News

Virat Kohli, the only player to have represented Royal Challengers Bengaluru since its founding, now under new ownership after a Rs 16,660 crore sale

Diageo Waited 18 Years for RCB to Win Once. Then It Sold for 35 Times What It Paid.

India's Competition Commission cleared United Spirits' sale of Royal Challengers Bengaluru to an Aditya Birla-led consortium for Rs 16,660 crore, a 35-fold return on the 2008 purchase price. The deal closed 13

July 6, 2026

Business·News

The Pentagon, headquarters of the US Department of Defense, which awarded AeroVironment a $500 million counter-drone contract

The Pentagon Just Handed a Drone Maker $500 Million to Fix a Problem Iran Exposed

AeroVironment won a $500 million Army contract for counter-drone systems days after Q4 earnings that beat estimates by 133%. The deal follows a gap the Iran war exposed: million-dollar interceptors chasing drones

July 6, 2026

Business·Government and Politics·News

Micron Chairman and CEO Sanjay Mehrotra, who attended the Hiroshima fab groundbreaking

Micron Just Bet $9.3 Billion That It Can Catch SK Hynix

Micron broke ground on a $9.3 billion Hiroshima fab built entirely for AI memory chips, with Tokyo covering a third of the bill. The wager: that by 2028, it can take real

July 5, 2026

Business·News·Technology

The US Supreme Court building, which struck down Trump's IEEPA tariffs in Learning Resources Inc v Trump

India’s Tariff Rate Just Dropped to 10%. The Supreme Court Did What Goyal Couldn’t.

The White House confirmed Indian goods will face a temporary 10% tariff, down from 18%, after the Supreme Court struck down Trump's IEEPA-based duties and forced a pivot to a 150-day Section

July 5, 2026

Business·Economy·News

IBEW Local 614 members strike outside PECO headquarters in Philadelphia July 2026

PECO Never Had a Strike in 145 Years. Then Its Linemen Walked Out Into a Heat Wave.

PECO's 1,600 unionized linemen and technicians walked out at midnight Saturday, the first strike in the utility's 145-year history, arriving just as a Fourth of July heat wave pushed the Philadelphia region's

July 5, 2026

Business·News

Iraq Basra Oil Company pipeline deal with Chevron and Qatar UCC approved by cabinet 2026

Iraq Approves Basra Oil Company Deal With Chevron and Qatar’s UCC on Strategic Pipeline Projects

Iraq's cabinet approved a deal between state-owned Basra Oil Company and a consortium of Chevron and Qatar's United Company for Commerce to develop strategic pipeline routes. The project aims to restore crude

July 5, 2026

Business·Economy·News

PM Narendra Modi inaugurates the new terminal building at Jodhpur airport and launches the Modified UDAN Scheme on July 4 2026

Modi Launched India’s New Flight Subsidy Scheme at an Airport Built for Planes That May Never Come

PM Modi launched the Modified UDAN Scheme at Jodhpur airport's new terminal on July 4, a ten-year, Rs 29,000 crore bet on regional aviation after a CAG audit found 327 of the

July 5, 2026

Business·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.

OPEC+ Raises Output for Fifth Month as Post-War Hormuz Recovery Gathers Pace

India Sets Auto Retail Record as EV Two-Wheelers Cross 10% for First Time

easyJet Rejected Four Bids as ‘Opportunistic.’ The Fifth Got a Yes.

Diageo Waited 18 Years for RCB to Win Once. Then It Sold for 35 Times What It Paid.

The Pentagon Just Handed a Drone Maker $500 Million to Fix a Problem Iran Exposed

Micron Just Bet $9.3 Billion That It Can Catch SK Hynix

India’s Tariff Rate Just Dropped to 10%. The Supreme Court Did What Goyal Couldn’t.

PECO Never Had a Strike in 145 Years. Then Its Linemen Walked Out Into a Heat Wave.

Iraq Approves Basra Oil Company Deal With Chevron and Qatar’s UCC on Strategic Pipeline Projects

Modi Launched India’s New Flight Subsidy Scheme at an Airport Built for Planes That May Never Come

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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