Economy Desk

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

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

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 record reached when China imposed export controls on the metal. The Fed's hawkish Jackson Hole signal raised rate-hike odds to 64 percent, and whether

September 1, 2026

by Economy Desk

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

Fairlife protein shakes and ultra-filtered milk products affected by Coca-Cola ransomware attack July 2026

Coca-Cola’s All-Time High Is in the Rearview as Fairlife Ransomware Costs Stay Hidden

Coca-Cola shares closed at $89.66 on August 28, retreating from an all-time high of $91.99 set

MGM Resorts Springfield casino facade on Main Street Massachusetts

Barry Diller’s $18 Billion MGM Bid Puts a Quiet Rhode Island Financier in the Hot Seat

Barry Diller's People Inc. submitted an $18 billion non-binding bid for MGM Resorts on June 1, offering $48.30 a share for the roughly 74 percent it doesn't already own. By recusing himself

June 8, 2026

Business·Economy·Markets·News

Vessels sailing in the Strait of Hormuz as oil prices remain elevated amid Iran conflict June 2026

Oil Near $94 Tests the One Assumption Wall Street Has Refused to Question

Global stocks retreated on Monday as Brent crude approached $94 a barrel, putting the first serious pressure on the AI-driven rally's most convenient assumption: that oil prices and technology earnings occupy separate

June 8, 2026

Business·Economy·News

Seoul’s Circuit Breaker, a Jobs Shock and Iran’s Missiles: How Three Crises Crashed Asian Markets in a Single Day

South Korea's KOSPI plunged 8.29 percent and tripped its circuit breaker on Monday as three simultaneous shocks — Iran's missile strike on Israel, Broadcom's AI guidance miss, and a blowout US jobs

June 8, 2026

Business·Conflicts, Military and War·Economy·News

Broadcom headquarters sign as AI chip guidance miss triggers $1.3 trillion semiconductor selloff June 2026

Broadcom’s $1.2 Billion Guidance Miss Just Erased $1.3 Trillion From the Chip Market

A single line in Broadcom's quarterly earnings — AI chip guidance of $16 billion against Wall Street's $17.2 billion expectation — set off a two-day cascade that wiped $1.3 trillion from U.S.

June 8, 2026

Artificial Intelligence·Business·News·Technology

Trader on floor of New York Stock Exchange as Nasdaq plunges 4 percent on June 5 2026 after jobs report fuels Fed rate hike fears

Nasdaq’s Worst Day in a Year Exposes the Fault Lines Beneath the AI Rally

A stronger-than-expected May jobs report erased $1.7 trillion from global equity markets on Friday, sending the Nasdaq to its steepest single-day loss since April 2025 and raising the probability of a Federal

June 7, 2026

Business·Economy·News·Technology

Bitcoin price crash below $60,000 for first time since 2024 as crypto markets sell off

Bitcoin Breaks Below $60,000 for First Time Since 2024 as Trump Rally Fully Unwinds

Bitcoin slid to $59,110 on Friday, breaching the $60,000 floor for the first time since October 2024 and effectively erasing the entire post-election rally that carried the cryptocurrency to a record $122,000.

June 7, 2026

Business·Crypto·Economy·News

Saudi Energy Minister Prince Abdulaziz bin Salman and OPEC Secretary-General Haitham Al Ghais at SPIEF ahead of July 2026 output decision

OPEC+ Locks In Group-Wide Production Quotas Through December in First Full Ministerial Without UAE

OPEC+ locked in its group-wide production quotas through December 31 at its 41st ministerial on Sunday, the first full session held without the United Arab Emirates. The decision preserves the alliance's baseline

June 7, 2026

Business·Economy·News

OPEC headquarters Vienna as seven-nation group extends overproduction compensation deadline to December 2026

OPEC+ Extends Overproduction Compensation Deadline to December 2026 as Hormuz War Upends Market

The seven-nation OPEC+ core group voted Sunday to extend the compensation window for overproduction dating to January 2024 through the end of December 2026, a six-month extension that reflects the alliance's difficulty

June 7, 2026

Business·Economy·News

OPEC+ Approves 188,000 Bpd Output Hike for July in Fourth Consecutive Increase Since Hormuz Crisis

Seven OPEC+ nations approved a 188,000 barrels-per-day production increase for July, the fourth consecutive monthly hike since the Strait of Hormuz crisis shuttered Gulf supply — yet the targets remain largely undeliverable

June 7, 2026

Business·Economy·News

Gold bars and precious metals prices decline chart at 100 days of Iran-Israel war

Gold Down 18%, Palladium Loses Nearly a Third as Iran War Hits 100-Day Mark

Precious metals that soared to all-time highs before the US-Israeli strikes on Iran have surrendered those gains and more, with palladium leading losses at 31% as the Federal Reserve holds rates high

June 7, 2026

Business·Economy·News

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Economy Desk

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

Coca-Cola’s All-Time High Is in the Rearview as Fairlife Ransomware Costs Stay Hidden

Barry Diller’s $18 Billion MGM Bid Puts a Quiet Rhode Island Financier in the Hot Seat

Oil Near $94 Tests the One Assumption Wall Street Has Refused to Question

Seoul’s Circuit Breaker, a Jobs Shock and Iran’s Missiles: How Three Crises Crashed Asian Markets in a Single Day

Broadcom’s $1.2 Billion Guidance Miss Just Erased $1.3 Trillion From the Chip Market

Nasdaq’s Worst Day in a Year Exposes the Fault Lines Beneath the AI Rally

Bitcoin Breaks Below $60,000 for First Time Since 2024 as Trump Rally Fully Unwinds

OPEC+ Locks In Group-Wide Production Quotas Through December in First Full Ministerial Without UAE

OPEC+ Extends Overproduction Compensation Deadline to December 2026 as Hormuz War Upends Market

OPEC+ Approves 188,000 Bpd Output Hike for July in Fourth Consecutive Increase Since Hormuz Crisis

Gold Down 18%, Palladium Loses Nearly a Third as Iran War Hits 100-Day Mark

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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