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

Solar panels in the United States as solar electricity generation surpasses coal for the first time in May 2026

Solar Outpowered Coal in the US for the First Time in May 2026. The Grid Will Never Look the Same.

For the first time in recorded history, solar energy outproduced coal in the United States grid in May 2026 — a shift that arrived not with a landmark vote or a presidential

June 14, 2026

Climate·News·Technology

Oil tankers lined up in the Persian Gulf unable to transit the Strait of Hormuz

Hormuz Is Cracking Open — and 110 Million Stranded Barrels Could Crash Oil Prices to Pre-War Levels

Oil tankers carrying more than 110 million barrels have been waiting in the Persian Gulf for months, and analysts warn that a genuine Hormuz opening could flood markets and push Brent from

June 14, 2026

Business·Economy·News

Chart showing China's 71.4 percent global EV battery market share in Q1 2026, led by CATL and BYD

China Now Makes More Than 7 in 10 EV Batteries Worldwide, and Two Companies Are Doing More Than Half the Work

Chinese manufacturers controlled 71.4 percent of the global EV battery market in the first quarter of 2026, SNE Research data show — an 11-point gain in two and a half years. CATL

June 14, 2026

Business·News·Technology

Turkey petroleum energy dependency data 2026 TurkStat Brent crude oil price

Turkey Gets Its Energy Bill for the Middle East War

New government data shows petroleum products account for 41.9% of Turkey's final energy consumption — a structural exposure that a $5-a-barrel Brent swing in 48 hours has just made impossible to ignore.

June 14, 2026

Business·Economy·News

Italian fuel station pump showing diesel and petrol prices in June 2026

Italy Diesel Falls Below €2 for First Time in Months, Petrol Hits €1.891

Italy's national diesel average has slipped below the €2 symbolic threshold for the first time in months, official MIMIT data shows — but highway motorists remain stranded above it, and the summer

June 14, 2026

Business·Economy·News

Shuttered Buffalo Bill's Resort and Primm Valley Casino along Interstate 15 in Primm, Nevada

Primm Casino Rescue: Terrible’s Steps In to Save Nevada’s Last Gateway Gambling Town

The Primm family has struck a last-minute deal with Nevada operator Terrible's to keep the Primm Valley Hotel-Casino open, pulling the desert border town back from a July 4 closure that would

June 14, 2026

Business·Economy·News

Micron Technology semiconductor memory chip devices DRAM HBM AI 2026

Micron’s Real Risk Isn’t the Stock Price. It’s the Number No One Is Watching.

Micron is posting the most profitable margins in its history, and its stock has roughly tripled in a year — but the number that actually decides whether the AI memory supercycle is

June 14, 2026

Business·Economy·News·Technology

Satispay fintech app Milan Italy funding round 2026

Satispay Raises €120 Million to Turn Italy’s Idle Billions Into an Investing Habit

Italian fintech unicorn Satispay is raising up to €120 million to move beyond payments into stocks, ETFs, and pension products for its 6.5 million users — a bet that a payments app

June 13, 2026

Business·Economy·News·Technology

A Rolex Cosmograph Daytona Tiffany luxury watch worn on the wrist

Rolex Raises Gold Watch Prices Twice in One Year, and the People Buying Them Did Not Blink

Rolex raised gold-watch prices roughly five percent on June 1, its second hike of 2026 and a rare back-to-back move in a single year. Gold spot has nearly doubled since 2024 to

June 13, 2026

Business·Markets·News

A truck transporting cars beneath signage indicating US trade routes

The Largest US Auto Parts Supplier Most Drivers Have Never Heard Of Is Liquidating, and Its Founder Is Charged With Inventing the Receivables

First Brands Group, the bankrupt parent of FRAM, Raybestos, Autolite and Cardone, returned to a Houston courtroom Friday with a second attempt at a liquidation plan. Its founder Patrick James faces federal

June 13, 2026

Business·Markets·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

Solar Outpowered Coal in the US for the First Time in May 2026. The Grid Will Never Look the Same.

Hormuz Is Cracking Open — and 110 Million Stranded Barrels Could Crash Oil Prices to Pre-War Levels

China Now Makes More Than 7 in 10 EV Batteries Worldwide, and Two Companies Are Doing More Than Half the Work

Turkey Gets Its Energy Bill for the Middle East War

Italy Diesel Falls Below €2 for First Time in Months, Petrol Hits €1.891

Primm Casino Rescue: Terrible’s Steps In to Save Nevada’s Last Gateway Gambling Town

Micron’s Real Risk Isn’t the Stock Price. It’s the Number No One Is Watching.

Satispay Raises €120 Million to Turn Italy’s Idle Billions Into an Investing Habit

Rolex Raises Gold Watch Prices Twice in One Year, and the People Buying Them Did Not Blink

The Largest US Auto Parts Supplier Most Drivers Have Never Heard Of Is Liquidating, and Its Founder Is Charged With Inventing the Receivables

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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