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

EU Transparency Law Forces Microsoft to Reveal 38% of Profits Parked in Ireland

Microsoft's EU Country-by-Country Report shows 38 percent of global pre-tax profits booked in Ireland, where 2.92 percent of its employees work. Luxembourg recorded 34 employees, $283 million in profit, and a 3.3

July 4, 2026

Business·Economy·News

Cars queue at a Lukoil petrol station in Moscow during Russia's 2026 fuel crisis as Ukrainian drone strikes cripple domestic refinery capacity

Russia Turns to Japan for Jet Fuel as Ukrainian Strikes Cripple Its Refineries

Russia is arranging its first import of Japanese jet fuel since 2022 — a 200,000-barrel cargo routing through South Korea's Yeosu port — as Ukrainian drone strikes have disabled a third of

July 4, 2026

Business·Economy·News

Canadian Prime Minister Mark Carney announces Pacific pipeline deal at press conference in Calgary Alberta

Canada Secures BC Deal for 1-Million-Barrel Pacific Pipeline in Bet on Asian Markets Over US

Canada has cleared the central obstacle to a new oil pipeline from Alberta to the Pacific coast by striking a deal with British Columbia that locks in the northern tanker ban and

July 3, 2026

Business·Economy·News

Federal Reserve Chair Kevin Warsh speaking at press conference June 2026 US interest rates jobs report

US Added Just 57,000 Jobs in June as Wage Growth Trails Inflation for Third Month

US employers added just 57,000 jobs in June, far below expectations and accompanied by a combined 74,000-job downward revision to April and May, as wages rose 3.5 percent against 4.2 percent inflation

July 3, 2026

Business·Economy·News

Federal Reserve Chairman Kevin Warsh speaks at FOMC press conference Washington June 17 2026

June Jobs Report: US Economy Added Only 57,000 Payrolls, Half of What Was Expected

The US economy added just 57,000 jobs in June, roughly half of analyst predictions, as leisure and hospitality shed 61,000 positions and prior months were revised down by a combined 74,000, a

July 3, 2026

Business·Economy·News

Broadcom corporate headquarters in Palo Alto California amid AI stock market selloff June 2026

Global AI Stock Rout Freezes South Korea’s Market and Stalls OpenAI’s IPO Plans

A single Broadcom guidance miss detonated a chain reaction that froze Seoul's stock exchange, erased $1.3 trillion from semiconductor stocks, and stalled OpenAI's IPO. The rout has delivered one question to the

July 3, 2026

Artificial Intelligence·Business·Economy·News·Technology

Tesla vehicles lined up at a delivery center as Q2 2026 hits record 480,126 deliveries

Tesla Posted Its Best Quarter Ever. Wall Street Sold Anyway.

Tesla delivered a record 480,126 vehicles in Q2 2026, beating Wall Street forecasts by 74,000 units and posting 25 percent year-over-year growth. The stock fell seven percent anyway, as investors wait for

July 3, 2026

Business·Economy·News

Oil tanker at sea representing UAE crude exports amid OPEC+ production surge

UAE Oil Exports Near 2017 Highs as OPEC Exit and Postwar Rebound Test Global Markets

UAE crude exports surged 30% to nearly 3.9 million barrels per day in June, approaching highs not seen since 2017, as the Emirates leverages its Hormuz bypass infrastructure and its May exit

July 3, 2026

Business·Economy·News

IHC and Adani Group officials sign $11.5 billion aluminium deal in Odisha India July 2026

IHC and Adani Group Sign $11.5 Billion Aluminium Deal, India’s Largest Metals FDI

Abu Dhabi's International Holding Company and India's Adani Group signed a $11.5 billion joint venture agreement for an integrated aluminium complex in Odisha, the largest foreign direct investment in India's metals sector,

July 3, 2026

Business·Economy·News

Saudi Arabia Public Investment Fund milestone reaching trillion dollar valuation

Saudi Arabia’s PIF Crosses $1.21 Trillion in Assets After Net Profit Doubled in 2025

Saudi Arabia's Public Investment Fund posted SR65.1 billion in net profit in 2025, more than doubling its 2024 figure, as total assets reached $1.21 trillion. The results signal that the kingdom's sovereign

July 3, 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.

EU Transparency Law Forces Microsoft to Reveal 38% of Profits Parked in Ireland

Russia Turns to Japan for Jet Fuel as Ukrainian Strikes Cripple Its Refineries

Canada Secures BC Deal for 1-Million-Barrel Pacific Pipeline in Bet on Asian Markets Over US

US Added Just 57,000 Jobs in June as Wage Growth Trails Inflation for Third Month

June Jobs Report: US Economy Added Only 57,000 Payrolls, Half of What Was Expected

Global AI Stock Rout Freezes South Korea’s Market and Stalls OpenAI’s IPO Plans

Tesla Posted Its Best Quarter Ever. Wall Street Sold Anyway.

UAE Oil Exports Near 2017 Highs as OPEC Exit and Postwar Rebound Test Global Markets

IHC and Adani Group Sign $11.5 Billion Aluminium Deal, India’s Largest Metals FDI

Saudi Arabia’s PIF Crosses $1.21 Trillion in Assets After Net Profit Doubled in 2025

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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