Economy- Page 6

Saudi Arabia GDP contracts Q2 2026 oil revenues Hormuz disruption

Saudi Arabia Economy Contracts 4.8% in Q2, Worst Since COVID, as Oil Revenue Plunges

Saudi Arabia's economy shrank 4.8 percent in Q2 2026, its worst since COVID, as Hormuz disruptions crashed oil revenues by 24.7 percent year-on-year. The IMF projects a 5.5 percent rebound in 2027

July 31, 2026

by Economy Desk

Bank of England building representing central bank interest rate policy affecting consumer confidence in 2026

US Consumer Confidence Slips Again in July as Americans Grow Gloomier on Jobs and Business

The Conference Board's Consumer Confidence Index fell to 90.8 in July, down from 92.2 in June, as Americans grew more pessimistic about current business conditions and the six-month labor market outlook. The data landed the same afternoon the Federal Reserve

July 31, 2026

by Economy Desk

Federal Reserve Chair Kevin Warsh speaks at the July 2026 FOMC press conference after the committee voted to hold interest rates steady

Three Fed Officials Put a Rate Hike in Writing. The Majority Held — For Now.

Three Federal Reserve officials formally dissented for a rate hike at Tuesday's FOMC meeting — the

Deutsche Bank Q2 2026 Investment Bank revenue chart showing record fixed income and currencies revenues

Deutsche Bank Posts Record Q2 Profit as Investment Banking Revival Takes Hold

Deutsche Bank AG reported post-tax profit of 1.9 billion euros for the second quarter of 2026,

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 6

Saudi Arabia Economy Contracts 4.8% in Q2, Worst Since COVID, as Oil Revenue Plunges

US Consumer Confidence Slips Again in July as Americans Grow Gloomier on Jobs and Business

Three Fed Officials Put a Rate Hike in Writing. The Majority Held — For Now.

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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