Economy Desk

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

A home for sale sign in the US as pending home sales fell 5.4% in June 2026

US Pending Home Sales Fall 5.4% in June as Mortgage Rates Keep Buyers Away

The National Association of Realtors reported a 5.4% decline in pending home sales in June, as mortgage rates near 6.6% and median home prices at an all-time high of $440,600 kept buyers

July 20, 2026

by Economy Desk

CXMT semiconductor facility in China as company raises $8.6 billion in Shanghai IPO

China’s CXMT Raises $8.6 Billion in Record Shanghai IPO to Challenge Samsung and Micron

ChangXin Memory Technologies has raised $8.6 billion in a Shanghai STAR Market IPO that attracted 212 times the available shares, valuing China's leading DRAM chipmaker at $85 billion in the country's largest semiconductor listing and Beijing's clearest challenge yet to

July 20, 2026

by Economy Desk

Ken Griffin, founder and CEO of Citadel Securities

Citadel Securities Invests $400 Million in Crypto.com at $20 Billion Valuation

Citadel Securities has put $400 million into Crypto.com at a $20 billion valuation, the exchange's first

Boeing VC-25B presidential aircraft during final assembly

Boeing VC-25B on Track for 2028 Delivery as Defense Chief Warns of More Cost Growth

Boeing's defense chief Steve Parker confirmed the VC-25B presidential aircraft will be delivered mid-2028, while warning

Tata Consultancy Services TCS office campus Madhapur Hyderabad India

TCS Posts $7.6 Billion Revenue as AI Business Grows 14 Percent in a Quarter

Tata Consultancy Services reported Q1 FY27 revenue of $7.6 billion, up 2.7 percent, as its AI revenue hit $2.6 billion annualized after growing 13.6 percent in a single quarter. Net income reached

July 10, 2026

Artificial Intelligence·Business·News·Technology

PepsiCo Beats Revenue but Warns of Inflationary Pressures Squeezing US Consumers

PepsiCo posted $24.18 billion in second-quarter revenue, beating Wall Street estimates, but core EPS of $2.20 missed by a penny as CEO Ramon Laguarta warned that the U.S. consumer is deteriorating faster

July 10, 2026

Business·Economy·News

Uzbekistan food processing and metals export facility Central Asia

Uzbekistan Targets $4.5 Billion in Processed Food Exports and $4.2 Billion Metals Drive

Uzbekistan is targeting $4.5 billion in processed food exports this year, rising to $10 billion by 2030, as parallel metals projects worth $4.2 billion aim to triple profits from the country's copper

July 10, 2026

Business·Economy·News

Founders HQ startup campus at One Central Dubai World Trade Centre district

Dubai Opens Founders HQ at One Central, Targeting 30 Unicorns by 2033

Dubai launched Founders HQ, a startup campus at One Central backed by Sheikh Hamdan, aiming to produce 30 unicorns by 2033. The first cohort of 23 startups generated four signed corporate deals

July 10, 2026

Business·News·Technology

SK Hynix semiconductor facility HBM chips ahead of Nasdaq SKHY debut July 2026

SK Hynix Raises $28 Billion on Nasdaq, Eclipsing Alibaba’s Decade-Old Record

SK Hynix raised $28 billion on Nasdaq, eclipsing Alibaba's 2014 record to rank second only to SpaceX in global share-sale history. The South Korean chipmaker controls 60 percent of the HBM market

July 10, 2026

Business·News·Technology

The Cotai Strip casino district in Macau, where six licensed operators filed more than 2,000 suspicious transaction reports in the first half of 2026

Macau Casino Operators Flag Over 2,000 Suspicious Transactions in First Half of 2026

Macau's six casino operators filed 2,018 suspicious transaction reports in the first half of 2026, an 8.7 percent year-on-year increase driven by rising visitor numbers and enhanced compliance, though the types of

July 10, 2026

Business·News

Architectural rendering of the proposed Hard Rock Hotel and Casino in Kenosha, Wisconsin, showing the planned resort complex near Interstate 94

Menominee Tribe’s $360 Million Hard Rock Casino in Kenosha Clears Federal Environmental Review

The Bureau of Indian Affairs found the Menominee tribe's proposed $360 million resort near the Illinois border would have no significant environmental impact, advancing the project toward a final federal decision expected

July 10, 2026

Business·News

Volkswagen workers on the production line at a German factory facing mass layoffs

Volkswagen Board Weighs 100,000 Layoffs in Germany’s Largest Industrial Contraction

Volkswagen's board met Thursday to vote on 100,000 job cuts and four German plant closures, the largest contraction in postwar German history. IG Metall and works council jointly called it an attack

July 10, 2026

Business·Economy·News

Gas station pump prices reflecting surging energy costs from the Iran war 2026 oil inventory crisis

US Gasoline Prices Snap 50-Day Slide as Iran Escalation Rattles Energy Markets

The national average price of regular gasoline rose to $3.84 per gallon on Thursday, its first increase in nearly 50 days, after the collapse of the US-Iran ceasefire sent crude oil surging

July 9, 2026

Economy·News

Brent crude oil price rises above $80 per barrel during global market rally

Brent Crude Surges Above $80 for First Time Since June, US-Iran Tensions Shake Global Oil Markets

Global oil prices surged sharply on Wednesday, with Brent crude briefly climbing above $80 per barrel for the first time since June 22, as escalating geopolitical tensions in the Middle East reignited

July 8, 2026

Business·Economy

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Economy Desk

US Pending Home Sales Fall 5.4% in June as Mortgage Rates Keep Buyers Away

China’s CXMT Raises $8.6 Billion in Record Shanghai IPO to Challenge Samsung and Micron

Citadel Securities Invests $400 Million in Crypto.com at $20 Billion Valuation

Boeing VC-25B on Track for 2028 Delivery as Defense Chief Warns of More Cost Growth

TCS Posts $7.6 Billion Revenue as AI Business Grows 14 Percent in a Quarter

PepsiCo Beats Revenue but Warns of Inflationary Pressures Squeezing US Consumers

Uzbekistan Targets $4.5 Billion in Processed Food Exports and $4.2 Billion Metals Drive

Dubai Opens Founders HQ at One Central, Targeting 30 Unicorns by 2033

SK Hynix Raises $28 Billion on Nasdaq, Eclipsing Alibaba’s Decade-Old Record

Macau Casino Operators Flag Over 2,000 Suspicious Transactions in First Half of 2026

Menominee Tribe’s $360 Million Hard Rock Casino in Kenosha Clears Federal Environmental Review

Volkswagen Board Weighs 100,000 Layoffs in Germany’s Largest Industrial Contraction

US Gasoline Prices Snap 50-Day Slide as Iran Escalation Rattles Energy Markets

Brent Crude Surges Above $80 for First Time Since June, US-Iran Tensions Shake Global Oil Markets

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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China’s CXMT Raises $8.6 Billion in Record Shanghai IPO to Challenge Samsung and Micron

Hungary’s PM Magyar Nominates Chess Champion Judit Polgar for Interim President

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