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.

Arctic LNG 2 LNG facility on the Gydan Peninsula operated by Novatek, Russia

Putin Authorizes NordLine to Buy TotalEnergies’ 10% Stake in Arctic LNG 2

Russian President Vladimir Putin signed a decree allowing NordLine LLC to acquire the 10% stake in Arctic LNG 2 held by France's TotalEnergies, a project paralyzed by Western sanctions since 2023.

June 3, 2026

Business·Economy·News

Traders work on the floor of the New York Stock Exchange as S&P 500 closes above 7,600 for the first time

S&P 500 Crosses 7,600 for First Time as AI Infrastructure Stocks Shoulder the Bull Market

The S&P 500 ended June 2 at 7,609.78, its first-ever close above 7,600, as earnings explosions at Hewlett Packard Enterprise and Marvell Technology offset a bruising selloff in Alphabet shares following the

June 3, 2026

Business·Economy·Markets·News

Delegates at an international economic forum as the OECD releases its June 2026 Economic Outlook on eurozone growth

OECD Holds Eurozone Growth at 0.8% as Germany and France Face Third Straight Downgrade

The OECD's June 2026 Economic Outlook holds the eurozone forecast at 0.8% for the year, but the flat headline conceals another round of cuts to Germany and France — a third successive

June 3, 2026

Business·Economy·News

USTR announces Section 301 forced labor tariff findings against 60 economies including Turkey and the EU

Trump’s Tariff Workaround: USTR Targets 60 Nations Including Turkey and EU Over Forced Labor

The Office of the US Trade Representative has formally found all 60 investigated economies guilty of failing to ban forced-labor goods, proposing tariffs of 10% to 12.5% in a move legal analysts

June 3, 2026

Business·Economy·Government and Politics·News

Vladimir Putin speaks at the St. Petersburg International Economic Forum SPIEF plenary session

EU Countries Lost $3.5 Trillion After Cutting Russian Energy, Says Russia’s RDIF Chief at SPIEF 2026

Kirill Dmitriev, head of the RDIF and Russia's special presidential envoy, told SPIEF 2026 on Wednesday that European nations have already absorbed roughly 3 trillion euros in economic losses from severing Russian

June 3, 2026

Business·Conflicts, Military and War·Economy·News

Canadian and German flags at a press conference marking the Ksi Lisims LNG deal with SEFE in 2026

Canada Seals First-Ever LNG Export Deal With Germany, Tying Ksi Lisims to Europe’s Energy Future

Canada and Germany seal a historic LNG agreement. SEFE, Berlin's state energy firm, will buy 1 million tonnes per year from B.C.'s Ksi Lisims project starting in the early 2030s.

June 2, 2026

Business·Economy·News

Treasurer Jim Chalmers introduces Labor tax reform bill on capital gains and negative gearing to parliament

Chalmers Defends Labor Tax Reform Bill as Business Backlash Builds Over Capital Gains Change

Treasurer Jim Chalmers introduced Labor's tax reform bill to parliament as Treasury defended changes to negative gearing and capital gains, and business groups pushed for a carve-out.

June 2, 2026

Business·Economy·Government and Politics·News

A hiring sign posted outside businesses in Cambridge Massachusetts as US job openings data surged in April 2026

US Job Openings Surge to 7.6 Million in April, Defying Iran War Fears — But Hiring Freezes

U.S. job openings jumped to 7.6 million in April, crushing forecasts, but gross hiring fell and quit rates dropped — a labor market that looks resilient on paper but is quietly holding

June 2, 2026

Business·Economy·News

SOCAR President Rovshan Najaf speaking at Baku Energy Week 2026 Azerbaijan energy deals

Azerbaijan Seals $7.5 Billion in Energy Deals With US, Turkey and Europe at Baku Forum

At the first Azerbaijan-US Economic Dialogue in Baku, SOCAR and Washington signed a critical minerals supply framework alongside gas deals worth billions with JP Morgan, Chevron, and Serbia.

June 2, 2026

Business·Economy·News

Bitcoin price drops below $70,000 for first time since April as Iran talks collapse and Strategy sells

Bitcoin Drops Below $70,000 for First Time Since April as Iran Talks Collapse, Strategy Sells

Bitcoin fell to $69,948 on June 2 — its lowest since April 7 — as Iran halted peace talks with Washington, Strategy disclosed its first Bitcoin sale in four years, and U.S.

June 2, 2026

Business·Crypto·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

Putin Authorizes NordLine to Buy TotalEnergies’ 10% Stake in Arctic LNG 2

S&P 500 Crosses 7,600 for First Time as AI Infrastructure Stocks Shoulder the Bull Market

OECD Holds Eurozone Growth at 0.8% as Germany and France Face Third Straight Downgrade

Trump’s Tariff Workaround: USTR Targets 60 Nations Including Turkey and EU Over Forced Labor

EU Countries Lost $3.5 Trillion After Cutting Russian Energy, Says Russia’s RDIF Chief at SPIEF 2026

Canada Seals First-Ever LNG Export Deal With Germany, Tying Ksi Lisims to Europe’s Energy Future

Chalmers Defends Labor Tax Reform Bill as Business Backlash Builds Over Capital Gains Change

US Job Openings Surge to 7.6 Million in April, Defying Iran War Fears — But Hiring Freezes

Azerbaijan Seals $7.5 Billion in Energy Deals With US, Turkey and Europe at Baku Forum

Bitcoin Drops Below $70,000 for First Time Since April as Iran Talks Collapse, Strategy Sells

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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