Economy Desk

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

Russian Arctic LNG carrier vessel transporting liquefied natural gas

South Korea Asks UK for Exemption From New Sanctions on Russian LNG – Reports

South Korea's trade ministry formally asked London for an exemption from incoming UK restrictions on Russian LNG Wednesday, citing Korea Gas Corp's Sakhalin-2 contract running to March 2028. Seoul is seeking the

August 7, 2026

by Economy Desk

Hungary extreme heat losses $157 million Paks nuclear plant Danube low water levels

Hungary’s Losses From Extreme Heat Could Reach $157 Million, Prime Minister Says

Hungary's Paks nuclear power plant has been forced to reduce and nearly halt operations after an extreme heat wave drove the Danube's water level dangerously low, with Prime Minister Peter Magyar estimating budget losses of up to 137 million euros.

August 3, 2026

by Economy Desk

Japan 10000 yen banknotes reflecting joint US-Japan currency market intervention July 31 2026

Japan Confirms Joint Yen Intervention With US Treasury, First Coordinated Action Since 2011

Finance Minister Satsuki Katayama confirmed Japan's July 31 yen intervention was coordinated with the US Treasury,

Powerball Jackpot Hits $748 Million for Monday Drawing After Another Weekend Shutout

The Powerball jackpot grew to $748 million for Monday's drawing after Saturday's tickets produced no winner.

Trump administration plans to exploit Venezuelan oil reserves, US crude market reacts

Trump Moves to Exploit Venezuelan Oil, US Crude Could Drop to Low $50s, Analyst

WASHINGTON — The Trump administration’s aggressive move to tap Venezuela’s vast oil reserves has sent shockwaves through global energy markets, with US crude potentially tumbling into the low $50 per barrel range,

January 4, 2026

Saks Global CEO Marc Metrick Quits as Bankruptcy Talk Swirls, Richard Baker Takes Over

Saks Global, the luxury retail conglomerate formed by the $2.7 billion tie-up that brought Saks Fifth Avenue and Neiman Marcus under one roof, has replaced its chief executive at a moment when

January 3, 2026

Business·Economy·News

Ontario’s Online Casino Boom Heads Into 2026, But the ‘Trusted’ Sites Are Getting Harder to Spot

Ontario’s online casino economy is entering 2026 with a simple pitch and a complicated reality, more choice, faster payouts, and a steady stream of “best-of” lists promising safety and value, often in

January 3, 2026

News

S&P 500 crashes as Trump tariffs kill Wall Street Santa Claus rally December 2025

Stock Markets Stumble on Year’s Last Gasp

In the thinning air of a holiday-shortened trading week, Wall Street’s major indexes edged lower on Monday, capping off a year of wild swings with a cautious close that belied the deeper

December 29, 2025

Business·Economy·News

S&P 500 futures plunge after record high Wall Street selloff fears

S&P 500 Futures Slide After Record-Breaking Surge Ignites Sell-Off Fears

Wall Street’s euphoric year-end rally encountered its first real test on Sunday evening as S&P 500 futures slipped sharply, signaling a potential pause in the benchmark index’s relentless climb to record highs.

December 29, 2025

Business·Economy·News

Trump tariffs trigger 717 corporate bankruptcies 2025 US economy crash factories shuttered

Trump Tariffs Ignite Corporate Bankruptcy Apocalypse: 717 Firms Crushed in 2025

In the shadow of President Donald Trump’s return to the White House, a stark economic reckoning unfolded across America’s industrial heartland and beyond. Corporate bankruptcies surged to a 15-year high in 2025,

December 28, 2025

Business·Economy·News

Arkansas Murphy USA gas station wins $1.817 billion Powerball jackpot Christmas Eve

Arkansas Powerball Miracle: $1.8 Billion Christmas Eve Jackpot Shatters Records

A single Powerball ticket purchased at a Murphy USA gas station in Cabot, Arkansas, matched all six winning numbers, 04, 25, 31, 52, 59, and Powerball 19, on Christmas Eve, claiming the

December 26, 2025

News

Wall Street trading floor showing S&P 500 reaching record high as US economy surges

US Economy Surges 4.3% as Trump Delays China Chip Tariffs Until 2027, S&P 500 Hits Record High

The American economy delivered a pre-holiday gift to investors Tuesday, posting robust 4.3 percent growth in the third quarter of 2025 while the Trump administration announced a strategic delay of semiconductor tariffs

December 24, 2025

Business·Economy·News

Netflix's $100B Warner Bros Discovery acquisition bid challenged by Paramount

Larry Ellison’s $40 Billion Gamble Ignites Hollywood’s Fiercest Bidding War

In a move that has sent shockwaves through Hollywood’s already turbulent boardrooms, Oracle co-founder Larry Ellison has personally guaranteed $40.4 billion in financing to bolster Paramount Global’s hostile bid for Warner Bros.

December 23, 2025

Business·News

Trump voters queue at Michigan food pantry amid tariff-driven inflation crisis

Trump’s Tariff Gamble Backfires: Inflation Erodes Michigan Loyalty

In the shadow of factories that once symbolized American might, long lines of cars snake through the parking lots of food pantries in Michigan’s rural heartland. These are not the images President

December 22, 2025

Business·Economy·Government and Politics·News

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Economy Desk

South Korea Asks UK for Exemption From New Sanctions on Russian LNG – Reports

Hungary’s Losses From Extreme Heat Could Reach $157 Million, Prime Minister Says

Japan Confirms Joint Yen Intervention With US Treasury, First Coordinated Action Since 2011

Powerball Jackpot Hits $748 Million for Monday Drawing After Another Weekend Shutout

Trump Moves to Exploit Venezuelan Oil, US Crude Could Drop to Low $50s, Analyst

Saks Global CEO Marc Metrick Quits as Bankruptcy Talk Swirls, Richard Baker Takes Over

Ontario’s Online Casino Boom Heads Into 2026, But the ‘Trusted’ Sites Are Getting Harder to Spot

Stock Markets Stumble on Year’s Last Gasp

S&P 500 Futures Slide After Record-Breaking Surge Ignites Sell-Off Fears

Trump Tariffs Ignite Corporate Bankruptcy Apocalypse: 717 Firms Crushed in 2025

Arkansas Powerball Miracle: $1.8 Billion Christmas Eve Jackpot Shatters Records

US Economy Surges 4.3% as Trump Delays China Chip Tariffs Until 2027, S&P 500 Hits Record High

Larry Ellison’s $40 Billion Gamble Ignites Hollywood’s Fiercest Bidding War

Trump’s Tariff Gamble Backfires: Inflation Erodes Michigan Loyalty

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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