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

TSMC's Fab 18 advanced chip plant in Tainan, Taiwan, where the company's most advanced processors are made

TSMC Grew 30 Percent in May. Taiwan’s Market Had One of Its Worst Days Anyway.

TSMC reported May revenue of NT$416.98 billion, up 30.1 percent from a year earlier and re-accelerating from April's scare. Taiwan's benchmark index fell 3.48 percent the same day. The world's most important

June 10, 2026

Business·Markets·News·Technology

BYD electric vehicle store with cars on display in Stuttgart, Germany

BYD’s Founder Promises the World in Five Years, From the Bottom of a 45% Share Slump

Wang Chuanfu told a thousand shareholders in Shenzhen that BYD will be the world's biggest automaker within five years. The room needed the reassurance: the stock has lost 45 percent from its

June 10, 2026

Business·Markets·News

The Reserve Bank of India headquarters in Mumbai, the central bank defending the rupee as the Iran war pressures India's economy

RBI defends rupee as Iran war cuts India growth forecast in celebration week

The Reserve Bank reportedly stepped into the market for the rupee in the same week it cut India's growth forecast to 6.6 percent and raised the inflation outlook to 5.1, as the

June 10, 2026

Business·Economy·News

Onitsuka Tiger storefront in the Shinsaibashi shopping district of Osaka, Japan

Asics Sets Its Tiger Free: Onitsuka, the 38% Margin Brand, Becomes Its Own Company

Asics will spin off Onitsuka Tiger into a standalone subsidiary from January 1, separating its fastest-growing, highest-margin brand after sales jumped 43 percent to $851 million. Shares rose, because the market read

June 10, 2026

Business·Deals·News

A Boots pharmacy store on the High Street in Cheltenham, part of the 1,800-store chain drawing a 10 billion dollar Australian bid

Boots, Stripped From Walgreens a Year Ago, Draws a $10 Billion Australian Bid

Sigma Healthcare, the Australian owner of Chemist Warehouse, confirmed preliminary talks to buy Boots in a deal reported around $10 billion, with Canada's Weston family among rival bidders. A 178-year-old British institution

June 10, 2026

Business·Deals·News

SoftBank's Masayoshi Son and OpenAI's Sam Altman meeting in Tokyo in February 2025, before the stalled margin loan talks

Banks Balk at Pricing OpenAI: SoftBank’s $6 Billion Margin Loan Stalls

SoftBank's attempt to borrow at least $6 billion against its OpenAI stake has stalled, Bloomberg reported, with creditors unsure how to value a private company that has missed some internal sales and

June 10, 2026

Artificial Intelligence·Business·Markets·News

LNG carriers at anchor off Singapore, the kind of vessels that will move Malaysian gas to Japan under the new Petronas-JERA deal

Japan Locks In Malaysian Gas to 2048 While Missiles Fly Over Hormuz

Petronas and Japan's JERA signed a 20-year LNG supply deal running to 2048, up to 2 million tonnes a year from 2028, extending a partnership that began in 1983. The timing is

June 10, 2026

Business·Economy·News

Lenovo's research and development campus in Beijing, as the PC maker's shares fall on memory-driven price hikes

Lenovo Falls Nearly 10% as the Memory Crunch Comes for the Price of the PC

Lenovo shares slid nearly 10 percent in Hong Kong on reports of PC price increases driven by memory costs, the squeeze analysts call chipflation. The AI data centers eating the world's DRAM

June 10, 2026

Business·Markets·News·Technology

Shibuya Crossing in Tokyo, overlooked by one of Starbucks Japan's most famous stores, as the company weighs a stake sale

Starbucks Eyes a Stake Sale or IPO for Japan, Its Next Retreat From Owning Asia

Starbucks has held preliminary talks with banks about a stake sale or IPO for its Japan business, Bloomberg reported, a unit of about 2,100 directly operated stores that could be valued at

June 10, 2026

Business·Deals·News

OpenAI chief executive Sam Altman, whose company is negotiating a 10-gigawatt data center lease on federal land in Ohio

OpenAI Wants 10 Gigawatts on Federal Land in Ohio, With Nvidia Helping to Pay

OpenAI is in advanced talks to lease a proposed 10-gigawatt data center campus on 3,700 acres of Energy Department land in Ohio, with financial backing from Nvidia, The Information reported. Days after

June 10, 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

TSMC Grew 30 Percent in May. Taiwan’s Market Had One of Its Worst Days Anyway.

BYD’s Founder Promises the World in Five Years, From the Bottom of a 45% Share Slump

RBI defends rupee as Iran war cuts India growth forecast in celebration week

Asics Sets Its Tiger Free: Onitsuka, the 38% Margin Brand, Becomes Its Own Company

Boots, Stripped From Walgreens a Year Ago, Draws a $10 Billion Australian Bid

Banks Balk at Pricing OpenAI: SoftBank’s $6 Billion Margin Loan Stalls

Japan Locks In Malaysian Gas to 2048 While Missiles Fly Over Hormuz

Lenovo Falls Nearly 10% as the Memory Crunch Comes for the Price of the PC

Starbucks Eyes a Stake Sale or IPO for Japan, Its Next Retreat From Owning Asia

OpenAI Wants 10 Gigawatts on Federal Land in Ohio, With Nvidia Helping to Pay

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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