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

Dubai skyline reflecting the city's soaring inflation driven by Iran war petrol surge in May 2026

Dubai Inflation Hits 5.5% in May, Driven by Iran War Petrol Surge

Dubai consumer prices rose 5.5 percent in May, fastest since before the pandemic, driven by Iran war petrol costs and persistent housing pressure. Emirates NBD expects inflation to moderate to 2.9 percent

July 3, 2026

Business·Economy·News

Construction workers rebuilding homes in Pacific Palisades California June 2026 US labor market

US June Jobs Miss Badly: 57,000 Payrolls, Half the Forecast, as Tariffs and War Weigh on Hiring

The US economy added just 57,000 jobs in June, barely half the 115,000 economists had forecast, as leisure and hospitality shed 61,000 positions in peak summer season and downward revisions to April

July 3, 2026

Business·Economy·News

UAE Minister of State for Financial Affairs Mohamed Al Hussaini at Nasdaq Dubai listing of sovereign retail T-sukuk July 2026

UAE Doubles Retail Sukuk After Orders Reach Nine Times the Offering Size

The UAE Finance Ministry received Dh445 million in orders on its first Dh50 million sovereign retail sukuk, nine times what was offered, and doubled the issuance. Nearly half of subscribers were women

July 3, 2026

Business·Economy·News

PM Mark Carney and Alberta Premier Danielle Smith announce new Pacific pipeline framework to diversify Canadian oil exports

Canada Bets on a Pacific Pipeline to Break Its Dependence on the US Oil Market

Canada's federal government and Alberta jointly announced a framework for a 1-million-barrel-per-day Pacific pipeline aimed at diversifying oil exports beyond the US. The same announcement maintained BC's northern tanker ban, leaving the

July 3, 2026

Business·Economy·News

Rivian R2 electric SUV headlight as the company beats Q2 2026 delivery targets and raises guidance

Rivian Beats Q2 Targets, Raises 2026 Guidance Without Federal EV Aid

Rivian delivered 12,194 vehicles in Q2 2026, beating its 9,000-11,000 estimate, and raised its full-year delivery target to 65,000-70,000. The results arrive without the federal EV tax credit and represent a 55

July 3, 2026

Business·Economy·News

Boeing CST-100 Starliner spacecraft during landing rehearsals at NASA Kennedy Space Center

Boeing’s Starliner Can’t Fly Astronauts Until 2027, NASA’s Inspector General Finds

Boeing's Starliner won't earn NASA human certification until 2027 at the earliest, six years behind schedule, the Inspector General found Thursday. The watchdog also questioned $127.9 million in Boeing payments and found

July 3, 2026

News·Technology

Editorial illustration of an AI-themed sandwich representing Jersey Mike's IPO AI language

Jersey Mike’s Files for NYSE IPO, Targeting $12 Billion Valuation

Jersey Mike's Subs filed its IPO registration Thursday for NYSE listing under ticker JMKE as Blackstone targets a $12 billion-plus exit. CEO Charles Morrison, recruited from Wingstop, says the 3,256-store chain is

July 3, 2026

Business·News

Ian De Bode, CEO of Ondo Finance, which deployed the first SEC-aligned tokenized stocks on Ethereum

Ondo Finance Brings SEC-Aligned Tokenized Stocks to Ethereum With BlackRock and Micron

Ondo Finance made the first live production deployment of the SEC's January 2026 custodial tokenization model, placing BlackRock's IVV ETF and Micron Technology shares on Ethereum. Broadridge and an SEC-registered transfer agent

July 3, 2026

Business·Crypto·News

SBI Holdings cryptocurrency investment products on display in Japan

SBI Shuts Down Bitcoin Mining Pool After Five Years, Frees 2% of Global Hashrate

Japan's SBI Holdings is shutting its Bitcoin mining pool on July 31, displacing roughly 2% of the global network's hashrate. The company has given no reason for the closure but is simultaneously

July 3, 2026

Business·Crypto·News

MGX Abu Dhabi AI fund $49 billion Mubadala G42 Sheikh Tahnoon

MGX Closes $49 Billion AI Fund as Abu Dhabi Cements Its Role in Global AI Capital

Abu Dhabi's MGX closed its debut AI fund at $49bn, exceeding a $45bn target, attracting investors from three continents to back semiconductors, AI infrastructure and frontier models. Stakes in Anthropic, OpenAI, Binance

July 3, 2026

Artificial Intelligence·Business·Economy·News·Technology

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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 Inflation Hits 5.5% in May, Driven by Iran War Petrol Surge

US June Jobs Miss Badly: 57,000 Payrolls, Half the Forecast, as Tariffs and War Weigh on Hiring

UAE Doubles Retail Sukuk After Orders Reach Nine Times the Offering Size

Canada Bets on a Pacific Pipeline to Break Its Dependence on the US Oil Market

Rivian Beats Q2 Targets, Raises 2026 Guidance Without Federal EV Aid

Boeing’s Starliner Can’t Fly Astronauts Until 2027, NASA’s Inspector General Finds

Jersey Mike’s Files for NYSE IPO, Targeting $12 Billion Valuation

Ondo Finance Brings SEC-Aligned Tokenized Stocks to Ethereum With BlackRock and Micron

SBI Shuts Down Bitcoin Mining Pool After Five Years, Frees 2% of Global Hashrate

MGX Closes $49 Billion AI Fund as Abu Dhabi Cements Its Role in Global AI Capital

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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