Economy Desk

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

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

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 Hormuz will be 'worthless' in two years as oil shifts to land pipelines. The prediction landed on a day when Brent crude traded above

September 1, 2026

by Economy Desk

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

Silver bullion coins and bars reflecting India silver price today September 2026

After Falling 45% From Its February Record, Silver Opens India’s Festival Season at ₹255 to ₹263 Across Cities

Silver in India has fallen 45% from February's $122 global record, settling into a ₹255 to

Gulf sovereign wealth funds record $53.9 billion investment H1 2026

Gulf Sovereign Funds Hit a Half-Year Investment Record While War Disrupted Their Backyard

Gulf sovereign wealth funds committed $53.9 billion across 108 deals in the first half of 2026, a record first-half pace achieved despite the Iran war driving oil price volatility and market disruption

July 2, 2026

Business·Economy·News

Alberta Canada landscape iGaming regulated online gambling market launch

Alberta Opens Canada’s Second Online Gambling Market to 28 Operators on July 13

Alberta launches Canada's second regulated online gambling market on July 13, bringing 28 licensed operators including FanDuel, DraftKings and BetMGM into simultaneous competition for a province long served by unregulated offshore platforms.

July 2, 2026

Business·News

US federal agencies race to finalize GENIUS Act stablecoin rules before July 18 deadline

America’s $322 Billion Stablecoin Market Has 16 Days to Learn What Rules It Will Live By

Six federal agencies face a July 18 statutory deadline to finalize GENIUS Act stablecoin rules for a $322 billion market, with the Federal Reserve absent, the FDIC in a procedural bind, and

July 2, 2026

Business·Crypto·News

Ethereum blockchain network visualization for Ethereum Institutional nonprofit launch by Joe Lubin BitMine SharpLink

Ethereum Insiders Launch Nonprofit to Court Banks as ETF Outflows Reach $345 Million

Ethereum co-founder Joe Lubin launched Ethereum Institutional on July 1 to guide banks into the market as spot ETH ETFs bled $345 million in outflows. Standard Chartered has a $4,000 year-end price

July 2, 2026

Business·Crypto·News

Bitcoin price chart showing recovery from 21-month low amid $1.6 billion liquidation cascade

Bitcoin Clawed Back $61,000 From a 21-Month Low, But the Derivatives Market Is Not Convinced

Bitcoin surged from a 21-month low of $57,737 to above $61,000 on Wednesday after a $1.6 billion liquidation cascade and soft US jobs data drove the move. The derivatives market, where funding

July 2, 2026

Business·Crypto·News

JPMorgan executives warn Senate of shadow banking risks from yield-bearing stablecoins in CLARITY Act

JPMorgan Backs CLARITY Act But Wages War on Stablecoin Yield Provision

Jamie Dimon has pledged to fight the CLARITY Act's stablecoin yield provision 'to the wire,' warning it would recreate the shadow banking risks of 2008. The Senate is targeting a July floor

July 2, 2026

Business·Crypto·News

Cars line up at a Lukoil gas station in Moscow during Russia's fuel rationing crisis

Ukrainian Drones Target Civilian Infarastructure in Russia, Target Refineries

Rationing has spread across more than half of Russia's regions as Ukrainian drone strikes cut fuel output to its lowest level in two decades. Analysts say the damage will take months to

July 2, 2026

Business·Conflicts, Military and War·Economy·News

Abstract view of a glass office building facade, illustrating the Big Four accounting firms

Canberra Weighs Breaking Up the Big Four After KPMG’s Year From Hell

Australia's Treasury released a consultation paper Wednesday proposing to split the Big Four's audit and consulting arms and cap partnerships at 400, the strongest regulatory response yet to a KPMG whistleblower scandal

July 2, 2026

Business·News

Europe’s Crypto Law Just Went Live. Four in Five Firms May Not Survive It.

The European Union's Markets in Crypto-Assets regulation is now fully binding after a transitional period ended June 30. Only 244 firms hold a license against more than 3,000 that operated before, and

July 2, 2026

Business·Crypto·News

An illustration of a masked hacker working at a computer in a dark room

Crypto Hacks Hit a Record Pace in 2026. The Money Mostly Went to Two Attacks.

TRM Labs' mid-year data shows 2026 on pace for the most individual crypto hacking incidents on record, yet total losses trail past peak years, because two North Korea-linked strikes on Drift Protocol

July 2, 2026

Business·Crypto·News

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Economy Desk

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.

After Falling 45% From Its February Record, Silver Opens India’s Festival Season at ₹255 to ₹263 Across Cities

Gulf Sovereign Funds Hit a Half-Year Investment Record While War Disrupted Their Backyard

Alberta Opens Canada’s Second Online Gambling Market to 28 Operators on July 13

America’s $322 Billion Stablecoin Market Has 16 Days to Learn What Rules It Will Live By

Ethereum Insiders Launch Nonprofit to Court Banks as ETF Outflows Reach $345 Million

Bitcoin Clawed Back $61,000 From a 21-Month Low, But the Derivatives Market Is Not Convinced

JPMorgan Backs CLARITY Act But Wages War on Stablecoin Yield Provision

Ukrainian Drones Target Civilian Infarastructure in Russia, Target Refineries

Canberra Weighs Breaking Up the Big Four After KPMG’s Year From Hell

Europe’s Crypto Law Just Went Live. Four in Five Firms May Not Survive It.

Crypto Hacks Hit a Record Pace in 2026. The Money Mostly Went to Two Attacks.

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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