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

US total nonfarm payrolls trend chart through June 2026 showing the deceleration to 57,000 jobs added

America Added 57,000 Jobs in June. Leisure and Hospitality Cut 61,000.

The Bureau of Labor Statistics reported 57,000 new nonfarm payroll jobs in June, the weakest monthly gain in more than a year, as leisure and hospitality shed 61,000 workers during what should

July 2, 2026

Business·Economy·News

Qatar's Doha skyline and business district, representing the country's foreign direct investment growth in 2025

Qatar Drew $3.4 Billion in FDI in 2025 as Greenfield Projects Surged 52%

Foreign companies committed $3.4 billion in capital to Qatar in 2025 as project count surged 52 percent to a record 373, creating 15,051 new jobs, Invest Qatar reported. The results lifted Qatar

July 2, 2026

Business·Economy·News

Vessels transiting the Strait of Hormuz near Bandar Abbas Iran after the US-Iran MoU signing June 2026

Hormuz Is Open. Only a Third of the Ships Are Using It.

Roughly 34 ships crossed the Strait of Hormuz on Tuesday against a pre-conflict baseline of around 100 daily transits. Brent crude has slipped to $71 as the war risk premium dissipates, but

July 2, 2026

Business·Markets·News

Saudi and French business leaders at Vision Golfe forum in Paris discussing bilateral trade and investment

France-Saudi Trade Tops $12bn as French Companies Triple Investment to $5bn

At the Vision Golfe forum in Paris, Saudi Arabia and France reported $12bn in bilateral trade for 2025, up 7.8 percent, as French private-sector investment in the kingdom tripled to $5.06bn over

July 2, 2026

Business·Economy·News

Job seekers and employers at a hiring fair in the United States, June 2026

US Economy Added 57,000 Jobs in June as Real Wages Fell for a Third Month

American workers lost purchasing power for a third consecutive month in June as the Bureau of Labor Statistics reported 57,000 new jobs alongside a 3.5% wage gain that still lagged 4.2% inflation.

July 2, 2026

Business·Economy·News

Oil tanker navigates shipping lanes near the Strait of Hormuz during the West Asia conflict that spiked crude prices affecting India's oil firms July 2026

West Asia Crisis Saddled India’s State Oil Firms With ₹74,781 Crore in Fuel Losses

India's oil marketing companies absorbed ₹74,781 crore in fuel losses during the West Asia crisis, minister Hardeep Puri disclosed Thursday. Meanwhile India set a crude import record with Russian oil crossing 50

July 2, 2026

Business·Economy·News

Tankers transiting the Strait of Hormuz near Bandar Abbas Iran as Iranian crude oil exports recover following US sanctions waiver

Iran Has Sold 40 Million Barrels at a 20% Premium Since the MoU. The Clock Runs Out August 21.

Iran exported 40-50 million barrels of crude oil in the first two weeks after the Islamabad MoU, at a 20% premium over blockade-era prices — between $400 million and $750 million in

July 2, 2026

Business·Economy·News

EU Trade Commissioner Maros Sefcovic meets Chinese Commerce Minister Wang Wentao at EU-China trade talks in Brussels June 2026

EU Raises Fresh Trade Barriers on China as €360bn Deficit Fuels Deindustrialisation

Chinese electric vehicles surpassed 10 percent of EU auto sales in May as Brussels activated fresh trade restrictions on China on July 1. With Volkswagen planning 100,000 job cuts, the EU’s €360bn

July 2, 2026

Business·Government and Politics·News

King Abdullah Financial District Riyadh reflecting Saudi Arabia's booming private markets attracting foreign investment

Saudi Arabia’s Private Markets Drew $5.3 Billion From 148 Foreign Investors in 2025

Saudi Arabia's private markets drew $5.3 billion from 148 international investors in 2025, covering nearly 60 percent of all private capital committed to the Kingdom — a fivefold jump in the foreign

July 2, 2026

Business·Economy·News

Google CEO Sundar Pichai at press conference amid EU Android antitrust ruling

EU’s Highest Court Upholds $4.7 Billion Android Fine Against Google

Europe's highest court upheld a €4.1 billion fine against Google for Android antitrust violations Thursday, closing eight years of appeals and confirming one of the largest tech competition penalties in EU history.

July 2, 2026

Business·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.

America Added 57,000 Jobs in June. Leisure and Hospitality Cut 61,000.

Qatar Drew $3.4 Billion in FDI in 2025 as Greenfield Projects Surged 52%

Hormuz Is Open. Only a Third of the Ships Are Using It.

France-Saudi Trade Tops $12bn as French Companies Triple Investment to $5bn

US Economy Added 57,000 Jobs in June as Real Wages Fell for a Third Month

West Asia Crisis Saddled India’s State Oil Firms With ₹74,781 Crore in Fuel Losses

Iran Has Sold 40 Million Barrels at a 20% Premium Since the MoU. The Clock Runs Out August 21.

EU Raises Fresh Trade Barriers on China as €360bn Deficit Fuels Deindustrialisation

Saudi Arabia’s Private Markets Drew $5.3 Billion From 148 Foreign Investors in 2025

EU’s Highest Court Upholds $4.7 Billion Android Fine Against Google

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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