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

Traders work on the floor of the New York Stock Exchange in New York City

Markets Erase a War in a Day: Stocks Surge and Oil Slides as Trump Calls Off Iran Strikes

The S&P 500 posted its best day since April, Seoul's KOSPI surged 8 percent and Brent fell to a two-month low after Donald Trump called off strikes on Iran and declared a

June 12, 2026

Business·Markets·News

Alibaba branding, the e-commerce group bidding $1.5 billion for grocery delivery firm Pupu

Alibaba Bids $1.5 Billion for Pupu as China’s Delivery War Becomes a Buying War

Alibaba offered $1.5 billion for Pupu, the Fujian grocer that delivers in 30 minutes on $4.2 billion of annual revenue, more than doubling a rival bid weeks after Meituan bought Dingdong Fresh.

June 12, 2026

Business·Deals·News

A SpaceX Falcon Heavy rocket lifts off at night from Kennedy Space Center

SpaceX Raises $75 Billion in the Largest IPO Ever, and the $1.77 Trillion Question Trades Today

SpaceX priced 555.6 million shares at $135 each, raising $75 billion in the largest IPO in history and valuing the rocket maker at $1.77 trillion before its first trade. Elon Musk becomes

June 12, 2026

Business·Markets·News

Mi Clip digital wallet launched in Mexico by Clip, Ant International, Mastercard and TelevisaUnivision in June 2026

Mexico Bet Everything on Cash. Ant International, Mastercard and Clip Just Called Its Bluff.

Mexico's Clip has launched Mi Clip, a digital wallet backed by Ant International's Alipay infrastructure, Mastercard's payment rails, and TelevisaUnivision's media reach — a coalition targeting the 85% of small transactions still

June 11, 2026

Business·Economy·News·Technology

Oil tankers and cargo ships anchored in the Strait of Hormuz near Khor Fakkan, United Arab Emirates

Trump Reveals Secret US Military Escort of 100 Million Barrels Through Hormuz — Contradicting His Own Energy Secretary

President Trump disclosed Wednesday that he secretly ordered the U.S. military last month to escort more than 200 commercial vessels through the Strait of Hormuz, moving over 100 million barrels of oil

June 11, 2026

Business·Conflicts, Military and War·Economy·News

Rendering of the proposed Hard Rock Hotel and Casino in Kenosha County Wisconsin near Somers and Pleasant Prairie

Hard Rock Casino Plan for Somers, Wisconsin Advances as Federal Review Nears Final Decision

The Menominee Indian Tribe's $400 million Hard Rock casino and hotel complex near Somers and Pleasant Prairie has cleared a federal environmental review, but the project now faces a more crowded gaming

June 10, 2026

Business·Economy·News

Casino workers at a union meeting in Atlantic City representing Unite Here Local 54

Atlantic City Casino Workers Win One-Year Deals as New York Looms Over Labor Talks

Atlantic City's casino workers union reached one-year deals with six of nine casinos — a break from the four-year standard that signals deep uncertainty about the city's future as New York expands

June 10, 2026

Business·Economy·News

Currency dealers monitor screens showing KOSPI index as Asian markets fall amid Iran war and SoftBank loan collapse

SoftBank’s OpenAI Loan Collapse and Iran Strikes Send Asia Markets Into a Four-Front Retreat

SoftBank tumbled 10% after its $6 billion OpenAI margin loan talks collapsed, while Japan's PPI surged 6.3%, South Korea's KOSPI shed another 4.5%, and China's CPI-PPI divergence deepened — four simultaneous cracks

June 10, 2026

Business·Economy·News

Stacked shipping containers and cranes at Yangshan deep-water port in Shanghai, China

China Finally Got Inflation, and It Is the Kind Nobody Wanted

China's factory-gate prices rose 3.9 percent in May, the fastest in nearly four years, as the Iran war and the AI boom drove up energy and materials costs. Consumer inflation stalled at

June 10, 2026

Business·Economy·News

Tencent's twin-tower Seafront Towers headquarters in Shenzhen, China

Tencent Ends Four Years of Bond Silence and Gets Mobbed for $4.66 Billion

Tencent raised $4.66 billion in its first international bond sale in more than four years, drawing over $6 billion in orders as shares jumped 3.3 percent. Global investors mobbed paper from a

June 10, 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

Markets Erase a War in a Day: Stocks Surge and Oil Slides as Trump Calls Off Iran Strikes

Alibaba Bids $1.5 Billion for Pupu as China’s Delivery War Becomes a Buying War

SpaceX Raises $75 Billion in the Largest IPO Ever, and the $1.77 Trillion Question Trades Today

Mexico Bet Everything on Cash. Ant International, Mastercard and Clip Just Called Its Bluff.

Trump Reveals Secret US Military Escort of 100 Million Barrels Through Hormuz — Contradicting His Own Energy Secretary

Hard Rock Casino Plan for Somers, Wisconsin Advances as Federal Review Nears Final Decision

Atlantic City Casino Workers Win One-Year Deals as New York Looms Over Labor Talks

SoftBank’s OpenAI Loan Collapse and Iran Strikes Send Asia Markets Into a Four-Front Retreat

China Finally Got Inflation, and It Is the Kind Nobody Wanted

Tencent Ends Four Years of Bond Silence and Gets Mobbed for $4.66 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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