Economy Desk

The Economy Desk leads The Eastern Herald's coverage of global markets, monetary policy, and corporate earnings — including the Federal Reserve, the European Central Bank, OPEC+ output decisions, and the largest US-listed technology and energy companies.

Signage of a leading US artificial intelligence company as Washington weighs taking equity stakes in the AI industry

Trump Floats US Government Equity Stakes in Top AI Companies

President Trump says his administration is weighing whether the US government should take equity stakes in the country's largest artificial intelligence companies, and will meet their executives as soon as next week.

June 6, 2026

by Economy Desk

Job seekers at an employment fair in the United States ahead of the May 2026 jobs report

US Economy Adds 172,000 Jobs in May, Doubling Forecasts as Iran War Fails to Break Labor Market

US employers added 172,000 jobs in May 2026, roughly double Wall Street's 85,000 forecast, as the labor market shrugged off Iran war energy costs for a third straight month of six-figure gains. The blowout figure arrives twelve days before Kevin

June 5, 2026

by Economy Desk

The Jobs Report That Broke Wall Street’s Bet and Handed Kevin Warsh an Impossible First Test

May nonfarm payrolls surged to 172,000 — more than double what Wall Street had penciled in

SpaceX Falcon 9 rocket launches as the company sets a fixed $135 IPO share price targeting a $1.77 trillion Nasdaq debut in June 2026

SpaceX IPO Roadshow Launches at $135 a Share, and Jamie Dimon Is Personally Selling It to 2,500 of America’s Wealthiest Investors

NEW YORK — On Thursday morning, from JPMorgan Chase’s glass tower overlooking Park Avenue, Jamie Dimon

Iranian flags and portraits at a ceremony as US strikes and IRGC retaliation push oil prices higher

Oil Jumps 3% as US Strikes and Iran Airbase Retaliation Revive Strait of Hormuz Supply Fears

Brent crude jumped more than 3% to $97.29 a barrel on Thursday after fresh US strikes in Iran and an IRGC claim that it hit a US airbase reignited fears over Strait

May 28, 2026

Business·Economy·Markets·News

Server racks and cloud computing infrastructure representing the Pentagon's $9.7 billion Dell Microsoft software contract

Pentagon Awards Dell Federal Systems $9.7 Billion Contract to Centralize Military Software

The Pentagon has awarded Dell Federal Systems a five-year, $9.69 billion blanket purchase agreement to consolidate Microsoft software licensing across the U.S. military, intelligence community and Coast Guard, with officials projecting $422

May 28, 2026

Business·Conflicts, Military and War·News·Technology

Canadian and American flags at the Rainbow Bridge U.S.-Canada border crossing in Niagara Falls

Calgary, Toronto Lead Canada’s Break from US Trade as Ontario Manufacturing Bleeds

A Canadian Chamber of Commerce report finds Calgary and Ottawa-Gatineau grew non-U.S. exports by over 64% in 2025, while Ontario's manufacturing belt faces deepening trade stress and limited diversification momentum.

May 28, 2026

Business·Economy·News

Liberal MP Steven Guilbeault speaks in the foyer of the House of Commons on Parliament Hill in Ottawa

With Guilbeault Gone, Carney’s Climate Liberals Face a Reckoning

Former environment minister Steven Guilbeault announced his resignation as a Liberal MP on Wednesday, triggering calls from ex-minister Catherine McKenna for the party's remaining climate advocates to speak up before the voice

May 28, 2026

Climate·Government and Politics·News

Vessels anchored in the Strait of Hormuz off Bandar Abbas in southern Iran, May 4, 2026

The Hormuz Crisis Has a Second Wave, and It Will Be Felt on Grocery Shelves

Three months after Iran closed the Strait of Hormuz, the oil shock is giving way to a slower, more insidious crisis. Fertilizer flows have stalled, planting calendars are being rewritten, and the

May 28, 2026

Business·Conflicts, Military and War·Economy·News

Micron Technology stock hits $1 trillion market capitalization on NYSE trading floor

Micron Tops $1 Trillion as UBS Triples Price Target on AI Memory Boom

Micron Technology closed above a $1 trillion market capitalization for the first time on May 26, 2026, after UBS analyst Timothy Arcuri tripled his price target on the stock to $1,625, citing

May 28, 2026

Artificial Intelligence·Business·Economy·News·Technology

BP chairman Albert Manifold removed amid governance and conduct controversy

BP Boardroom Chaos Deepens, Albert Manifold Ousted in Stunning Power Struggle

BP has plunged into yet another corporate crisis after the dramatic removal of chairman Albert Manifold, a shock decision that has intensified scrutiny over governance failures, leadership instability, and the oil major’s

May 28, 2026

Business·Economy·News

Noel Tata of Tata Trusts and N Chandrasekaran of Tata Sons ahead of the May 26 board meeting

Tata Sons Board Meets May 26 with Chandrasekaran’s Turnaround Plans and Listing Question on the Table

Tata Sons chairman N. Chandrasekaran is expected to present turnaround plans for Air India, Tata Digital, and Tata Electronics on May 26 as the board confronts boardroom strain with Tata Trusts chairman

May 25, 2026

Business·Economy·News

Stocks to Watch on May 25: Eicher Motors, NTPC, Hindalco, Divi’s Lab and Lupin Drive Monday’s Action

Eicher Motors, NTPC, Hindalco, Divi's Lab, Lupin, Aurobindo, Torrent Pharma, Reliance Infrastructure and more will drive stock-specific action on Monday as easing crude prices and Q4 earnings dominate sentiment.

May 25, 2026

Business·Economy·Markets·News

Artist concept of Sagittarius A* the supermassive black hole at the centre of the Milky Way galaxy with swirling accretion disk and bright flares observed by JWST

Inside the Birth, Life and Death of Black Holes: New Gravitational Wave Data Rewrites the Lifecycle of the Universe’s Most Extreme Objects

From stellar corpses to second-generation monsters and a possible quantum death by evaporation, 300 gravitational wave detections and a landmark 2026 Nature Astronomy study are forcing astrophysicists to redraw the timeline of

May 24, 2026

Climate·News·Science

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Economy Desk

Trump Floats US Government Equity Stakes in Top AI Companies

US Economy Adds 172,000 Jobs in May, Doubling Forecasts as Iran War Fails to Break Labor Market

The Jobs Report That Broke Wall Street’s Bet and Handed Kevin Warsh an Impossible First Test

SpaceX IPO Roadshow Launches at $135 a Share, and Jamie Dimon Is Personally Selling It to 2,500 of America’s Wealthiest Investors

Oil Jumps 3% as US Strikes and Iran Airbase Retaliation Revive Strait of Hormuz Supply Fears

Calgary, Toronto Lead Canada’s Break from US Trade as Ontario Manufacturing Bleeds

With Guilbeault Gone, Carney’s Climate Liberals Face a Reckoning

The Hormuz Crisis Has a Second Wave, and It Will Be Felt on Grocery Shelves

Micron Tops $1 Trillion as UBS Triples Price Target on AI Memory Boom

BP Boardroom Chaos Deepens, Albert Manifold Ousted in Stunning Power Struggle

Tata Sons Board Meets May 26 with Chandrasekaran’s Turnaround Plans and Listing Question on the Table

Stocks to Watch on May 25: Eicher Motors, NTPC, Hindalco, Divi’s Lab and Lupin Drive Monday’s Action

Inside the Birth, Life and Death of Black Holes: New Gravitational Wave Data Rewrites the Lifecycle of the Universe’s Most Extreme Objects

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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