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

Alibaba display at China International Supply Chain Expo representing the company's e-commerce operations now under US DOJ settlement

Alibaba Pays $600 Million in US Drug Probe. Its Employees Had Flagged the Problem First.

Alibaba will pay $600 million under a non-prosecution agreement with the US Justice Department, settling eight years of allegations that its platforms enabled illegal drug sales. Its own employees had flagged the

July 3, 2026

Business·News

A Bitcoin ATM machine at Northgate Mall in San Rafael, California, February 2026

California’s Crypto Licensing Law Is Now in Force. Unlicensed Platforms Risk $100,000 a Day.

California's Digital Financial Assets Law took full effect July 1, activating a licensing regime that requires every cryptocurrency exchange, stablecoin issuer, and Bitcoin ATM operator serving California residents to hold a state

July 3, 2026

Business·Crypto·News

Chinese AI drug-design platforms driving global pharmaceutical licensing surge in 2026

Chinese AI Biotech Licensing Surges to $75 Billion While US Scrutiny Mounts

Chinese biotech firms struck $75 billion in out-licensing deals in the first five months of 2026, an 87 percent year-on-year increase in deal volume. The Metis TechBio and Boulevard Bio deal, worth

July 3, 2026

Artificial Intelligence·Business·News·Technology

Oil tankers at the Strait of Hormuz as shipping fees rise during Iran conflict, July 2026

Brent Crude Falls Back to Pre-War Levels as Hormuz Traffic Slowly Recovers

Brent crude fell below $71 a barrel Thursday, the first pre-war price level since February 28 and a 38 percent drop from its April peak of $126. Hormuz carries just 40 vessels

July 3, 2026

Business·Economy·News

Tesla Model Y on a road, central to Tesla's record Q2 2026 delivery performance of 467,762 vehicles

Tesla Reports Its Best Q2 Deliveries Ever, but Wall Street Is Selling

Tesla delivered 467,762 vehicles in the second quarter of 2026, its strongest Q2 performance on record. By the close of trading on the same day, the stock had fallen seven percent. The

July 3, 2026

Business·Markets·News

OpenAI CEO Sam Altman with President Trump as OpenAI proposes a 5% equity stake to a US sovereign wealth fund

OpenAI Proposed Donating 5% of Its Equity to a US Sovereign Wealth Fund

Sam Altman proposed donating 5% of OpenAI's equity to a US sovereign wealth fund, the Financial Times reported Thursday. At OpenAI's $157 billion valuation, the stake would be worth roughly $7.9 billion

July 3, 2026

Artificial Intelligence·Business·News·Technology

German Chancellor Friedrich Merz announcing the coalition reform package in Berlin 2026

Germany’s Merz Coalition Announces Biggest Economic Reform Package in Decades

Germany's coalition unveiled a €10bn income tax cut, pension overhaul, and sick leave reform Thursday, with Deutsche Bank calling it one of the biggest reform packages in decades. Chancellor Merz faces September

July 3, 2026

Business·Economy·News

Sultan Al-Musallam at Vision Golfe forum in Paris discussing Saudi Arabia France bilateral trade and investment

French Investment in Saudi Arabia Nearly Tripled, With 30 Firms Now Calling Riyadh Home

French capital committed to Saudi Arabia nearly tripled over three years, climbing from SR7 billion to SR19 billion, while 30 French companies established Riyadh as their Gulf headquarters, the Federation of Saudi

July 2, 2026

Business·Economy·News

US nonfarm payrolls June 2026 labor market data showing 57000 jobs added below forecast

US Added 57,000 Jobs in June, Less Than Half What Forecasters Expected

The US added just 57,000 jobs in June, less than half the 110,000 economists expected, as leisure and hospitality shed 61,000 positions despite the US hosting World Cup group-stage matches. The unemployment

July 2, 2026

Business·Economy·News

EU Chamber president Jens Eskelund presents European firms China dependency data at Kiel Institute Berlin conference 2026

European Firms Are Deepening Their China Reliance, Not Walking Away From It

European firms are becoming more reliant on China, not less. A survey of EU Chamber members shows 56% are deepening their China manufacturing, while chamber president Jens Eskelund told Berlin's Kiel Institute

July 2, 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.

Alibaba Pays $600 Million in US Drug Probe. Its Employees Had Flagged the Problem First.

California’s Crypto Licensing Law Is Now in Force. Unlicensed Platforms Risk $100,000 a Day.

Chinese AI Biotech Licensing Surges to $75 Billion While US Scrutiny Mounts

Brent Crude Falls Back to Pre-War Levels as Hormuz Traffic Slowly Recovers

Tesla Reports Its Best Q2 Deliveries Ever, but Wall Street Is Selling

OpenAI Proposed Donating 5% of Its Equity to a US Sovereign Wealth Fund

French Investment in Saudi Arabia Nearly Tripled, With 30 Firms Now Calling Riyadh Home

US Added 57,000 Jobs in June, Less Than Half What Forecasters Expected

European Firms Are Deepening Their China Reliance, Not Walking Away From It

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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