Economy Desk

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

South Korean stock market screens showing KOSPI decline as retail investors face margin calls and forced liquidations

‘I Couldn’t Breathe’: South Korea’s Retail Investors Pay the Price of Leverage

Over 1.2 million South Korean margin accounts hit call thresholds in July as the KOSPI's violent swings exposed a leveraged retail market. Some 360,000 accounts were liquidated; regulators banned new single-stock leveraged

July 20, 2026

by Economy Desk

Samsung Biologics BioCampus manufacturing facility in South Korea

Samsung Biologics to Buy PolyPeptide for $1.8B in South Korea’s Biggest Biotech Deal

Samsung Biologics made a $1.8 billion all-cash offer for Swiss peptide drug maker PolyPeptide, entering the GLP-1 manufacturing market in South Korea's largest biotech deal. PolyPeptide's board and majority shareholder both backed the offer.

July 20, 2026

by Economy Desk

Oil tankers in the Gulf as Brent crude crosses $90 amid US-Iran war escalation

Brent Crude Crosses $90 and US Gas Returns to $4 as US-Iran War Enters Ninth Night

Brent crude topped $90.32 on Monday as US forces completed a ninth night of Iran strikes,

IBM CEO Arvind Krishna at event in 2026 as IBM stock crashes 25 percent on worst day in company history

IBM’s 25% Crash Exposes What AI Hardware Spending Is Doing to Enterprise Software

IBM fell 25% on July 14 in the worst single-day collapse in 115 years, after CEO

Architectural rendering of the proposed Hard Rock Hotel and Casino in Kenosha, Wisconsin, showing the planned resort complex near Interstate 94

Menominee Tribe’s $360 Million Hard Rock Casino in Kenosha Clears Federal Environmental Review

The Bureau of Indian Affairs found the Menominee tribe's proposed $360 million resort near the Illinois border would have no significant environmental impact, advancing the project toward a final federal decision expected

July 10, 2026

Business·News

Volkswagen workers on the production line at a German factory facing mass layoffs

Volkswagen Board Weighs 100,000 Layoffs in Germany’s Largest Industrial Contraction

Volkswagen's board met Thursday to vote on 100,000 job cuts and four German plant closures, the largest contraction in postwar German history. IG Metall and works council jointly called it an attack

July 10, 2026

Business·Economy·News

Gas station pump prices reflecting surging energy costs from the Iran war 2026 oil inventory crisis

US Gasoline Prices Snap 50-Day Slide as Iran Escalation Rattles Energy Markets

The national average price of regular gasoline rose to $3.84 per gallon on Thursday, its first increase in nearly 50 days, after the collapse of the US-Iran ceasefire sent crude oil surging

July 9, 2026

Economy·News

Brent crude oil price rises above $80 per barrel during global market rally

Brent Crude Surges Above $80 for First Time Since June, US-Iran Tensions Shake Global Oil Markets

Global oil prices surged sharply on Wednesday, with Brent crude briefly climbing above $80 per barrel for the first time since June 22, as escalating geopolitical tensions in the Middle East reignited

July 8, 2026

Business·Economy

Container ships unload imported cargo at a US port as AI-driven capital goods imports push the May 2026 trade deficit higher.

US Trade Deficit Swelled in May as AI-Fueled Imports Surged and Exports Fell

American companies are investing aggressively in artificial intelligence, pouring billions of dollars into servers, semiconductors and advanced computing equipment. At the same time, that spending spree is widening the nation’s trade deficit

July 8, 2026

Business

Samsung Electronics headquarters as the company posts record Q2 2026 operating profit driven by AI memory chip demand

Samsung Posts $58 Billion Quarter as AI Memory Demand Breaks Every Chipmaker Record

Samsung Electronics reported $58.4 billion in Q2 2026 operating profit, a 19-fold annual increase and the largest single-quarter profit any technology company has recorded. AI memory demand has outpaced supply for three

July 7, 2026

Artificial Intelligence·Business·News·Technology

SpaceX Falcon Heavy rocket carrying NASA Europa Clipper spacecraft at Launch Complex 39A Kennedy Space Center Florida October 2024

SpaceX Joins Nasdaq-100 as Index Funds Force Musk Critics Into the Trade

Space Exploration Technologies Corp. entered the Nasdaq-100 on Monday, triggering an estimated $4.3 billion in forced buying from index funds -- including from the retirement accounts of investors who spent months trying

July 7, 2026

Business·Markets·News

Saudi Aramco oil storage tanks at the North Jiddah bulk plant in Saudi Arabia

OPEC+ Raises Output for Fifth Month as Post-War Hormuz Recovery Gathers Pace

Seven OPEC+ members approved a fifth consecutive monthly production boost of 188,000 bpd for August as Brent returns to pre-war levels. Saudi Arabia and Russia lead with 62,000 bpd each, but analysts

July 6, 2026

Business·Economy·Markets·News

Ola Electric S1 Air electric scooter, India's best-selling EV two-wheeler

India Sets Auto Retail Record as EV Two-Wheelers Cross 10% for First Time

India's auto retail posted its strongest-ever June in 2026, with 2.55 million units sold and electric two-wheelers claiming 10.6 percent share for the first time, alongside alternative-fuel passenger vehicles crossing 40 percent

July 6, 2026

Business·Economy·News

An easyJet Airbus A320neo, whose board agreed to recommend Castlelake's takeover bid

easyJet Rejected Four Bids as ‘Opportunistic.’ The Fifth Got a Yes.

easyJet's board called Castlelake's first four takeover bids opportunistic attempts to buy the airline cheap while the Iran conflict depressed its share price. The fifth offer, at a 73% premium and roughly

July 6, 2026

Business·News

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Economy Desk

‘I Couldn’t Breathe’: South Korea’s Retail Investors Pay the Price of Leverage

Samsung Biologics to Buy PolyPeptide for $1.8B in South Korea’s Biggest Biotech Deal

Brent Crude Crosses $90 and US Gas Returns to $4 as US-Iran War Enters Ninth Night

IBM’s 25% Crash Exposes What AI Hardware Spending Is Doing to Enterprise Software

Menominee Tribe’s $360 Million Hard Rock Casino in Kenosha Clears Federal Environmental Review

Volkswagen Board Weighs 100,000 Layoffs in Germany’s Largest Industrial Contraction

US Gasoline Prices Snap 50-Day Slide as Iran Escalation Rattles Energy Markets

Brent Crude Surges Above $80 for First Time Since June, US-Iran Tensions Shake Global Oil Markets

US Trade Deficit Swelled in May as AI-Fueled Imports Surged and Exports Fell

Samsung Posts $58 Billion Quarter as AI Memory Demand Breaks Every Chipmaker Record

SpaceX Joins Nasdaq-100 as Index Funds Force Musk Critics Into the Trade

OPEC+ Raises Output for Fifth Month as Post-War Hormuz Recovery Gathers Pace

India Sets Auto Retail Record as EV Two-Wheelers Cross 10% for First Time

easyJet Rejected Four Bids as ‘Opportunistic.’ The Fifth Got a Yes.

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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