Economy Desk

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

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 to pre-IPO companies like SpaceX and Stripe, formalizing demand that crystallized after the bank led the record $1.75 trillion SpaceX IPO in June.

July 22, 2026

by Economy Desk

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

Warner Bros iconic water tower at Burbank studio lot

Federal Judge Pauses $111 Billion Paramount-Warner Merger Through August 3

A US federal judge issued a temporary restraining order Monday halting the $111 billion Paramount-Warner Bros.

Federal Reserve Chair Jerome Powell speaks at a podium with a stern expression as he discusses the DOJ investigation into his leadership.

Justice Dept. Drops Criminal Inquiry Into Fed’s Powell, Clearing Path for Trump Nominee Kevin Warsh

WASHINGTON — The Justice Department has ended its criminal investigation into Federal Reserve Chair Jerome H. Powell, clearing a major political roadblock to the Senate confirmation of Kevin Warsh, President Trump’s nominee

April 25, 2026

Business

Tesla robotaxi Cybercab and Optimus humanoid robot highlight AI expansion strategy

Tesla shares fall as Elon Musk’s $25 billion AI spending spree rattles investors after earnings beat

AUSTIN, Texas — Tesla reported a jump in first-quarter profit on Wednesday, beating Wall Street’s expectations. But the good news was quickly overshadowed by a costly new ambition: the company’s chief executive,

April 23, 2026

Business

Crude oil prices surge above 5 percent amid Strait of Hormuz tensions

Wall Street Pulls Back, Oil Surge and Strait of Hormuz Risks Pressure Global Markets

New York — Global financial markets retreated Monday, ending a powerful rally from the previous week, after a fresh surge in oil prices and renewed uncertainty in the Persian Gulf unsettled investors

April 21, 2026

Business·Economy·News

Dow Jones surges 900 points as oil prices plunge after Iran signals Strait of Hormuz reopening

Dow Jumps 900 Points Oil Plunges After Iran Signals Strait of Hormuz Reopening

The Dow Jones Industrial Average surged nearly 900 points on Friday, leading a powerful rebound across global equities after Iran signaled that the Strait of Hormuz would remain open to commercial shipping

April 18, 2026

Business·Economy·News

Dow surges as oil prices crash after Strait of Hormuz reopening

Dow Jumps 1,100 Points, S&P 500 Hits Record High After Oil Prices Slide on Hormuz Reopening

Wall Street surged to fresh records on Friday, extending one of its strongest rallies of the year, after a sharp reversal in oil prices shifted the balance of global risk and investor

April 17, 2026

Business·Economy·News

Aircraft being refueled at European airport amid jet fuel crisis triggered by war disruption

A Fuel Crisis Made in the West Is Now Grounding Europe’s Skies

Europe’s aviation system, long sustained by fragile global supply chains and political assumptions about energy security, is now confronting a crisis that industry leaders say was not inevitable, but engineered. A rapidly

April 17, 2026

Business·Conflicts, Military and War·News

Oil prices surge above 100 dollars amid Iran war disruption

IMF Cuts Global Growth Forecast, Warns of Recession Risk From Iran War

The global economy is entering a period of renewed instability after the International Monetary Fund sharply downgraded its growth outlook, warning that the widening conflict involving Iran has already disrupted economic momentum

April 14, 2026

Business·Economy·News

Oil tankers stranded in Strait of Hormuz after Trump orders Iran blockade

Trump’s Failed Iran Strategy Sparks Oil Shock, Triggers Global Market Panic

Global financial markets recoiled on Monday after President Donald Trump ordered a naval blockade targeting Iranian oil exports, a move that sent oil prices surged past $100 a barrel and reignited fears

April 13, 2026

Business·Economy

Trump announces Iran blockade as oil prices surge above $100 amid global crisis

Trump Triggers Oil Shock With Iran Blockade Threat, Fuels War Profits and False Claims

In a move that sent shockwaves through global markets, Donald Trump escalated tensions with Iran by ordering a naval blockade targeting its oil routes, a decision that pushed crude prices back above

April 13, 2026

Business·Economy

Oil tankers stranded near Strait of Hormuz during global supply crisis

Global Oil Supply Crisis Escalates Near $100 With Millions of Barrels Stranded at Sea

The global oil market, long accustomed to geopolitical shocks, is confronting a crisis that traders, policymakers, and executives increasingly describe in existential terms. Prices are hovering near $100 a barrel again. Millions

April 9, 2026

Business·Economy·News

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Economy Desk

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

Federal Judge Pauses $111 Billion Paramount-Warner Merger Through August 3

Justice Dept. Drops Criminal Inquiry Into Fed’s Powell, Clearing Path for Trump Nominee Kevin Warsh

Tesla shares fall as Elon Musk’s $25 billion AI spending spree rattles investors after earnings beat

Wall Street Pulls Back, Oil Surge and Strait of Hormuz Risks Pressure Global Markets

Dow Jumps 900 Points Oil Plunges After Iran Signals Strait of Hormuz Reopening

Dow Jumps 1,100 Points, S&P 500 Hits Record High After Oil Prices Slide on Hormuz Reopening

A Fuel Crisis Made in the West Is Now Grounding Europe’s Skies

IMF Cuts Global Growth Forecast, Warns of Recession Risk From Iran War

Trump’s Failed Iran Strategy Sparks Oil Shock, Triggers Global Market Panic

Trump Triggers Oil Shock With Iran Blockade Threat, Fuels War Profits and False Claims

Global Oil Supply Crisis Escalates Near $100 With Millions of Barrels Stranded at Sea

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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