Economy Desk

Covering markets, economic policy, inflation, and business news that shapes financial decisions.

US Secretary of State Marco Rubio meets Vietnam's Foreign Minister Le Hoai Trung at the ASEAN summit in Manila

Vietnam Urges US to Conclude Section 301 Probe as Tariff Deadline Nears

Hanoi called on Washington to conclude its Section 301 trade investigation favorably after Secretary of State Marco Rubio met Vietnam's foreign minister at the ASEAN summit in Manila. The temporary 10 percent

July 23, 2026

by Economy Desk

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

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

Oil refinery fire amid the Strait of Hormuz energy security crisis as the IEA warns of the biggest energy crisis in modern history

IEA Warns of Biggest Energy Security Crisis in Modern History as Hormuz Shutdown Reshapes Global Investment

The International Energy Agency says the world faces its biggest energy security crisis in modern history as the Strait of Hormuz shutdown drives a record $3.3 trillion in global energy spending and

May 28, 2026

Business·Conflicts, Military and War·Economy·News

Australian banknotes and budget papers as Labor defends its 2026 capital gains tax overhaul

Labor Defends Capital Gains Tax Overhaul as Coalition Vows to Block It

Australia's Labor government is defending its plan to scrap the 50 per cent capital gains tax discount as the Coalition vows to block the budget's centerpiece tax reform.

May 28, 2026

Business·Economy·News

Trading screens and oil markets react to renewed US-Iran tensions as the ASX 200 falls in May 2026

ASX 200 Tumbles 1.4% as Renewed US-Iran Strikes Gut Gold Miners and Oil Slides Again

The S&P/ASX 200 fell 124.8 points to 8,592.9 on Thursday as fresh US strikes on Iran sank gold miners and dragged oil lower for a second session.

May 28, 2026

Business·Markets·News

Beef on display at a Beijing market as China imposes a 55% tariff on Australian beef imports above quota

Australia Braces for 55% China Beef Tariff as Quota Nears Trigger in Weeks

Australia's red meat industry expects strong US and Southeast Asian demand to cushion the blow as a 55% Chinese beef tariff looms within weeks, once Canberra's 205,000-ton quota is exhausted.

May 28, 2026

Business·Economy·Markets·News

Vladimir Putin and Kassym-Jomart Tokayev during the Russia Kazakhstan state visit in Astana

Russia-Kazakhstan Trade Nears Record $30 Billion as Putin, Tokayev Meet in Astana

Kazakh President Kassym-Jomart Tokayev said trade with Russia is heading toward a record $30 billion as Vladimir Putin opened a rare second state visit to Astana tied to the EAEU summit.

May 28, 2026

Business·Economy·News

Iranian flags and portraits at a ceremony as US strikes and IRGC retaliation push oil prices higher

Oil Jumps 3% as US Strikes and Iran Airbase Retaliation Revive Strait of Hormuz Supply Fears

Brent crude jumped more than 3% to $97.29 a barrel on Thursday after fresh US strikes in Iran and an IRGC claim that it hit a US airbase reignited fears over Strait

May 28, 2026

Business·Economy·Markets·News

Server racks and cloud computing infrastructure representing the Pentagon's $9.7 billion Dell Microsoft software contract

Pentagon Awards Dell Federal Systems $9.7 Billion Contract to Centralize Military Software

The Pentagon has awarded Dell Federal Systems a five-year, $9.69 billion blanket purchase agreement to consolidate Microsoft software licensing across the U.S. military, intelligence community and Coast Guard, with officials projecting $422

May 28, 2026

Business·Conflicts, Military and War·News·Technology

Canadian and American flags at the Rainbow Bridge U.S.-Canada border crossing in Niagara Falls

Calgary, Toronto Lead Canada’s Break from US Trade as Ontario Manufacturing Bleeds

A Canadian Chamber of Commerce report finds Calgary and Ottawa-Gatineau grew non-U.S. exports by over 64% in 2025, while Ontario's manufacturing belt faces deepening trade stress and limited diversification momentum.

May 28, 2026

Business·Economy·News

Liberal MP Steven Guilbeault speaks in the foyer of the House of Commons on Parliament Hill in Ottawa

With Guilbeault Gone, Carney’s Climate Liberals Face a Reckoning

Former environment minister Steven Guilbeault announced his resignation as a Liberal MP on Wednesday, triggering calls from ex-minister Catherine McKenna for the party's remaining climate advocates to speak up before the voice

May 28, 2026

Climate·Government and Politics·News

Vessels anchored in the Strait of Hormuz off Bandar Abbas in southern Iran, May 4, 2026

The Hormuz Crisis Has a Second Wave, and It Will Be Felt on Grocery Shelves

Three months after Iran closed the Strait of Hormuz, the oil shock is giving way to a slower, more insidious crisis. Fertilizer flows have stalled, planting calendars are being rewritten, and the

May 28, 2026

Business·Conflicts, Military and War·Economy·News

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Economy Desk

Vietnam Urges US to Conclude Section 301 Probe as Tariff Deadline Nears

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

IEA Warns of Biggest Energy Security Crisis in Modern History as Hormuz Shutdown Reshapes Global Investment

Labor Defends Capital Gains Tax Overhaul as Coalition Vows to Block It

ASX 200 Tumbles 1.4% as Renewed US-Iran Strikes Gut Gold Miners and Oil Slides Again

Australia Braces for 55% China Beef Tariff as Quota Nears Trigger in Weeks

Russia-Kazakhstan Trade Nears Record $30 Billion as Putin, Tokayev Meet in Astana

Oil Jumps 3% as US Strikes and Iran Airbase Retaliation Revive Strait of Hormuz Supply Fears

Calgary, Toronto Lead Canada’s Break from US Trade as Ontario Manufacturing Bleeds

With Guilbeault Gone, Carney’s Climate Liberals Face a Reckoning

The Hormuz Crisis Has a Second Wave, and It Will Be Felt on Grocery Shelves

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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