Economy- Page 9

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,

Federal Reserve Chair Kevin Warsh testifies before the House Financial Services Committee on monetary policy

Warsh Tells Congress: Fed Has No Tolerance for Inflation, Will Resist Political Pressure

Federal Reserve Chairman Kevin Warsh warned Congress on Monday the Fed has no tolerance for inflation while refusing to signal when rates might fall. He pledged institutional independence against political pressure and

July 15, 2026

Business·Economy·Government and Politics·News

Warren Buffett speaks with CNBC about Berkshire Hathaway and the Gates Foundation

Warren Buffett Cuts Gates Foundation From $6 Billion Annual Gift Over Epstein Ties

Warren Buffett excluded the Gates Foundation from his $6 billion annual Berkshire donation on Tuesday for the first time in 20 years, distributing 12 million Class B shares to family foundations instead,

July 15, 2026

Business·Economy·News

US inflation June 2026 CPI report broadcast NBC News showing 3.5 percent

US Inflation Drops to 3.5% in June as Gasoline Prices Fall Nearly 10%

US consumer prices fell 0.4% in June, the steepest monthly decline since April 2020, pulling annual inflation to 3.5% from May's 4.2% peak. Gasoline led the drop with a 9.7% plunge, but

July 14, 2026

Business·Economy·Markets·News

Oil tanker in the Strait of Hormuz region Brent crude July 2026

Brent Crude Crosses $87 for First Time Since June 12 as Oil Market Keeps Climbing

Brent crude topped $87 a barrel on Tuesday, clearing a level not seen since June 12, as the market extended a rally built on OPEC+ supply discipline and a sustained Middle East

July 14, 2026

Business·Economy·Markets·News

JPMorgan Chase CEO Jamie Dimon at second quarter 2026 earnings release showing record $21.2 billion quarterly profit

JPMorgan Sets Record $21.2 Billion Quarter, Dimon Warns of Tectonic Risks

JPMorgan Chase reported $21.2 billion in net income for the second quarter, the most profitable quarter in US banking history, as equities trading revenue surged 86 percent and every business line hit

July 14, 2026

Business·Economy·Markets·News

Tanker ships navigate the Gulf of Oman near the Strait of Hormuz as US-Iran conflict disrupts oil shipping routes

Oil Prices Hit $85.92 as US-Iran War Drains Strategic Reserve Buffer

Brent crude settled at $85.92 a barrel on Tuesday, its highest mark since June 15, as US-Iran fighting depleted strategic petroleum reserves and Strait of Hormuz shipping held at just 57 transits

July 14, 2026

Business·Economy·Markets·News

China first-half 2026 foreign trade reaches record $3.75 trillion with high-tech exports surging

China’s First-Half Trade Hits Record $3.75 Trillion as High-Tech Exports Surge 39%

China's total merchandise trade reached a first-half record of 25.47 trillion yuan — $3.75 trillion — up 16.9 percent year-on-year, with high-tech exports jumping 39 percent and Belt and Road partners absorbing

July 14, 2026

Business·Economy·Markets·News

Riyadh King Abdullah Financial District skyline with Kingdom Tower, Saudi Arabia

World Bank Names Saudi Arabia a Development Knowledge Exporter as Unemployment Hits 2.8%

The World Bank's chief knowledge officer told Asharq Al-Awsat that Saudi Arabia has become a net exporter of development knowledge, with a 2.8% unemployment rate, 67.1% labor force participation, and a new

July 14, 2026

Business·Economy·News

Construction workers lifting wooden beams on a new home build, illustrating America's 250,000-worker monthly construction labor shortage

America’s Construction Labor Shortage Is Adding Two Months and $132,000 to Every New Home

America's construction sector is short 250,000 workers monthly, adding two extra months to every home build while a 1.5 million-unit housing gap grows. Federal housing law passed in July addresses zoning but

July 14, 2026

Business·Economy·News·Real Estate

Dairy Queen employee serving an ice cream cone as the chain closes over 46 locations across Texas, Alaska, and Montana

Dairy Queen Closes 46 Locations Across Texas, Alaska, and Montana as Franchise Pressures Mount

Dairy Queen closed more than 46 locations across Texas, Alaska, and Montana in 2026, as Berkshire Hathaway revoked franchise rights from a Texas operator and Alaska franchisees cited economic pressure. The closures

July 14, 2026

Business·Economy·News

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Economy- Page 9

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.

Warsh Tells Congress: Fed Has No Tolerance for Inflation, Will Resist Political Pressure

Warren Buffett Cuts Gates Foundation From $6 Billion Annual Gift Over Epstein Ties

US Inflation Drops to 3.5% in June as Gasoline Prices Fall Nearly 10%

Brent Crude Crosses $87 for First Time Since June 12 as Oil Market Keeps Climbing

JPMorgan Sets Record $21.2 Billion Quarter, Dimon Warns of Tectonic Risks

Oil Prices Hit $85.92 as US-Iran War Drains Strategic Reserve Buffer

China’s First-Half Trade Hits Record $3.75 Trillion as High-Tech Exports Surge 39%

World Bank Names Saudi Arabia a Development Knowledge Exporter as Unemployment Hits 2.8%

America’s Construction Labor Shortage Is Adding Two Months and $132,000 to Every New Home

Dairy Queen Closes 46 Locations Across Texas, Alaska, and Montana as Franchise Pressures Mount

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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