Economy- Page 4

Federal Reserve Chair Kevin Warsh official portrait June 2026

Divided Fed Holds Rates Steady; Dow Plunges 1,100 Points on Inflation Alarm

Three FOMC members broke ranks and formally called for a rate hike as the Fed held rates steady for a seventh straight meeting. The Dow fell 1,129 points in its worst session

July 30, 2026

by Economy Desk

Federal Reserve Chair Kevin Warsh speaks at the ECB Forum in Sintra, Portugal, June 2026

Warsh’s Fed Rate Decision Becomes a Cliffhanger as Iran Oil Shock Scrambles Signals

Federal Reserve Chair Kevin Warsh enters Thursday's rate announcement with markets assigning one-in-three odds to a surprise hike, the most uncertain FOMC call since 2020. Iran's oil shock has scrambled the inflation picture that should have made the choice easy.

July 29, 2026

by Jennifer Hicks

Deutsche Bank CEO Christian Sewing at Annual Media Conference 2026

Deutsche Bank Posts Record €1.9 Billion Q2 Profit, Investment Bank at 2019 Highs

Deutsche Bank posted a record second-quarter post-tax profit of €1.9 billion on Wednesday, powered by its

Digital screens displaying trading numbers on the New York Stock Exchange trading floor during the Nasdaq chip stock selloff

Nasdaq 100 Nears Correction as Chip Stocks Bleed for Fourth Straight Day

The Nasdaq 100 dropped 1.8 percent Tuesday, pushing it within striking distance of a 10 percent

Generic drug bottles and pills representing Trump's proposed 100% tariff on imported pharmaceutical drugs

Trump’s 100% Tariff on Generic Drugs Could Price Out Americans From Affordable Medicine

President Trump signed an executive order Wednesday imposing a 100 percent tariff on imported generic drugs, targeting the roughly 90 percent of all US prescriptions filled with off-patent medications. The tariff is

July 22, 2026

Business·Economy·Government and Politics·News

Japanese yen currency exchange rate display as Bank of Japan signals faster rate hikes

Yen Rebounds From 40-Year Low as BOJ Eyes Faster Rate Hikes

The yen staged its sharpest intraday recovery in weeks on Wednesday after Bloomberg and Reuters both reported the Bank of Japan was open to raising interest rates faster than its once-every-six-months pace.

July 22, 2026

Business·Economy·Markets·News

General Motors Cadillac luxury vehicles at an unveiling or auto show event

GM Reverses Cadillac’s EV-Only Strategy as Gas-Powered Models Return to the Lineup

General Motors is returning gas vehicles to the Cadillac lineup, ending the brand's all-electric positioning as US luxury EV demand falls short of projections. The move follows GM's Q2 results showing 43%

July 22, 2026

Business·Economy·News

Chevrolet truck on the road representing General Motors North American vehicle sales

General Motors Beats Q2 Earnings, North America Profits Jump 43 Percent

General Motors reported Q2 revenue of $48 billion and raised full-year guidance Tuesday, with North American profits jumping 43 percent on strong truck and SUV demand. Adjusted EBIT of $3.9 billion exceeded

July 21, 2026

Business·Economy·News

Pep Boys auto service bays Carl Icahn Mavis Discount Tire acquisition

Carl Icahn Sells Pep Boys to Mavis Discount Tire for $700 Million

Carl Icahn's Icahn Enterprises has agreed to sell the Pep Boys auto-service chain to Mavis Discount Tire for $700 million in cash, the Wall Street Journal reported, combining two of the largest

July 21, 2026

Business·Economy·News

JPMorgan Chase CEO Jamie Dimon at earnings call warning markets are underestimating geopolitical risks

Jamie Dimon Says He Won’t Buy Stocks or Bonds as JPMorgan Posts Record Profits

Jamie Dimon said Monday he would not buy stocks or US Treasury bonds at current levels, warning markets are underestimating geopolitical and inflation risks. The declaration came as JPMorgan Chase posted record

July 21, 2026

Business·Economy·Markets·News

Gas pump at Freedom Fuel Network station in Pennsylvania showing higher fuel prices

US Gas Prices Cross $4 a Gallon Again as Iran War Pushes Oil Markets Higher

US gasoline prices crossed $4 a gallon on Monday for the first time since June, as the Iran war drives oil 15% higher and tanker traffic through the Strait of Hormuz has

July 21, 2026

Business·Economy·News

Canadian and US trade relations amid Trump's 50% tariff order on Canadian goods

Trump Orders 50% Tariffs on Canadian Goods Under 1930 Law, USMCA No Longer a Shield

Trump signed an order Monday imposing 50% tariffs on Canadian wine, hockey sticks, and cement under a 1930 statute, explicitly overriding USMCA protections. Canadian PM Carney called it a direct violation of

July 21, 2026

Business·Economy·Government and Politics·News

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

Business·Economy·News

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

July 20, 2026

Business·Economy·Health·News

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Economy- Page 4

Divided Fed Holds Rates Steady; Dow Plunges 1,100 Points on Inflation Alarm

Warsh’s Fed Rate Decision Becomes a Cliffhanger as Iran Oil Shock Scrambles Signals

Deutsche Bank Posts Record €1.9 Billion Q2 Profit, Investment Bank at 2019 Highs

Nasdaq 100 Nears Correction as Chip Stocks Bleed for Fourth Straight Day

Trump’s 100% Tariff on Generic Drugs Could Price Out Americans From Affordable Medicine

Yen Rebounds From 40-Year Low as BOJ Eyes Faster Rate Hikes

GM Reverses Cadillac’s EV-Only Strategy as Gas-Powered Models Return to the Lineup

General Motors Beats Q2 Earnings, North America Profits Jump 43 Percent

Carl Icahn Sells Pep Boys to Mavis Discount Tire for $700 Million

Jamie Dimon Says He Won’t Buy Stocks or Bonds as JPMorgan Posts Record Profits

US Gas Prices Cross $4 a Gallon Again as Iran War Pushes Oil Markets Higher

Trump Orders 50% Tariffs on Canadian Goods Under 1930 Law, USMCA No Longer a Shield

‘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

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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