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

Micron DRAM memory chip used in AI data centers and high-bandwidth memory HBM production

Micron CEO Admits Supply Can’t Keep Up With AI Demand After Record $41.5B Quarter

Micron Technology reported $41.46 billion in Q3 FY2026 revenue, a 346% year-over-year surge, while CEO Sanjay Mehrotra warned the company has no visibility into when HBM supply will catch up with AI

June 26, 2026

Business·Economy·News

Micron Technology semiconductor fabrication facility in Taichung, Taiwan, where the company produces DRAM and high-bandwidth memory chips for AI applications

Micron’s Revenue Quadrupled to $41 Billion as AI’s Memory Hunger Outpaces Supply

Micron Technology reported fiscal Q3 revenue of $41.46 billion on Tuesday — up 346 percent in a single year — as AI data centers ordered more high-bandwidth memory chips than the company

June 26, 2026

Artificial Intelligence·Business·News·Technology

Xbox Prices Rise for a Third Time in a Year as Microsoft’s Stock Slumps to a Three-Year Low

Microsoft raised Xbox prices for the third time in fourteen months, citing memory chip costs up 2.5 times and rising. The same week, MSFT entered bear market territory — down 24 percent

June 26, 2026

Business·News·Technology

Merck KGaA to Pay $11.3 Billion for Bio-Techne in Life Sciences Tools Bet

Germany's Merck KGaA agreed to pay $73 a share in cash for Bio-Techne Corp. TECH, a 36% premium valuing the Minneapolis life sciences tools group at $11.3 billion. The acquisition, the company's

June 26, 2026

Business·News

Supreme Court Shields Bayer From Roundup Cancer Suits in 7-2 Ruling, Shares Surge 16%

The Supreme Court ruled 7-2 that federal pesticide law preempts state failure-to-warn suits against Bayer's Roundup, overturning a $1.25 million cancer verdict and blocking thousands more. Bayer shares surged 16% in Frankfurt;

June 26, 2026

Business·Government and Politics·News

Piyush Goyal, India's Minister of Commerce and Industry, who said India will not accept a trade deal without comparative tariff advantage

India Won’t Activate US Trade Deal Without Guaranteed Tariff Edge Over Asian Rivals

India and the US have concluded their trade deal framework, but Commerce Minister Piyush Goyal said Thursday it cannot activate until Washington creates a legal tariff edge for India over Asian rivals

June 26, 2026

Business·Economy·News

Bally's Baton Rouge land-based casino after $140 million renovation in December 2025

Louisiana Casinos Hit $246M in May as Bally’s Baton Rouge Posts 591% Surge

Louisiana's casinos generated $246.2 million in May, up 8 percent year-over-year, as Bally's Baton Rouge reported a 591 percent revenue jump in its first full months operating from its new $140 million

June 26, 2026

Business·News

Gold bars and trading charts as gold settles near $4,000 per ounce

Gold Drops Below $4,000 as Fed Hawkishness and Iran Truce End a Three-Year Bull Run

Spot gold settled near $3,972 an ounce on Friday, its first close below $4,000 since November 2025. The breach came as the May PCE report pushed Fed rate-hike odds higher and Trump's

June 26, 2026

Business·Economy·Markets·News

SkyCity Adelaide Agrees AU$21M Fine Over AML Failures as Shares Jump 14 Percent

South Australia settled with SkyCity Adelaide for AU$21M over AML failures dating to 2016. The June 19 agreement includes a governance overhaul — independent board, dedicated CEO — that investors greeted with

June 26, 2026

Business·News

Qualcomm investor day 2026 announcing Dragonfly C1000 data center CPU and Meta partnership

Qualcomm Signs Meta Deal and Doubles Non-Handset Revenue Target to $40 Billion

Qualcomm signed Meta Platforms as its first data center customer at investor day, anchoring the Dragonfly C1000 chip and a $40 billion non-handset revenue target for 2029, nearly double its prior forecast.

June 26, 2026

Artificial Intelligence·Business·News·Technology

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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

Micron CEO Admits Supply Can’t Keep Up With AI Demand After Record $41.5B Quarter

Micron’s Revenue Quadrupled to $41 Billion as AI’s Memory Hunger Outpaces Supply

Xbox Prices Rise for a Third Time in a Year as Microsoft’s Stock Slumps to a Three-Year Low

Merck KGaA to Pay $11.3 Billion for Bio-Techne in Life Sciences Tools Bet

Supreme Court Shields Bayer From Roundup Cancer Suits in 7-2 Ruling, Shares Surge 16%

India Won’t Activate US Trade Deal Without Guaranteed Tariff Edge Over Asian Rivals

Louisiana Casinos Hit $246M in May as Bally’s Baton Rouge Posts 591% Surge

Gold Drops Below $4,000 as Fed Hawkishness and Iran Truce End a Three-Year Bull Run

SkyCity Adelaide Agrees AU$21M Fine Over AML Failures as Shares Jump 14 Percent

Qualcomm Signs Meta Deal and Doubles Non-Handset Revenue Target to $40 Billion

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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