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Economy
Stories and analysis from The Business Now newsroom.
Economy
Russia Sanctions Bill Updated: U.S. Senators Revise Russia Oil Tariffs, Add Gas Import Exceptions – What It Means for Global Energy Markets
Russia Sanctions Bill Updated: U.S. Revises Oil Tariffs and Gas Import Rules The Russia Sanctions Bill Updated on Wednesday after U.S. senators introduced significant revisions to proposed legislation targeting Russian energy exports. The latest version softens several of the toughest measures while maintaining economic pressure on Moscow, marking an important shift in Washington’s sanctions strategy....
Economy
Federal Reserve 2% Inflation Goal: Kevin Warsh Reaffirms Fed’s Inflation Fight as Markets Watch Interest Rates
Federal Reserve 2% Inflation Goal: Kevin Warsh Reaffirms Commitment as Markets Watch Interest Rates The Federal Reserve 2% Inflation Goal remained the central focus of Fed Chair Kevin Warsh’s testimony before the House Financial Services Committee on Tuesday. During his appearance before lawmakers, Warsh emphasized that the Federal Reserve remains fully committed to restoring price...
Business
Trump Strait of Hormuz Statement: Why Oil Markets, Global Shipping, and Energy Prices Could Change After Trump’s Latest Remarks
Trump Strait of Hormuz Statement: Why Oil Markets, Global Shipping, and Energy Prices Are Watching Closely The Trump Strait of Hormuz Statement has quickly become one of the most closely watched geopolitical developments for global financial markets. President Donald Trump said that the Strait of Hormuz remains open for international shipping, with the exception of...
Business
Bank of America Profit Jumps 27%: 7 Key Reasons BofA’s Record Trading Revenue Crushed Wall Street Estimates
Bank of America Profit Jumps 27%: 7 Key Reasons BofA’s Record Trading Revenue Crushed Wall Street Estimates Bank of America Profit Jumps 27% after the second-largest U.S. lender delivered stronger-than-expected second-quarter earnings, powered by record equities trading revenue, improving investment banking activity, and resilient consumer spending. The results add to a growing trend among major...
Economy
Goldman Sachs Profits Soar: 7 Massive Reasons Wall Street’s Trading Boom Delivered Record Quarterly Earnings
Goldman Sachs Profits Soar: 7 Massive Reasons Wall Street’s Trading Boom Delivered Record Quarterly Earnings Goldman Sachs Profits Soar after the investment banking giant reported second-quarter earnings that comfortably surpassed Wall Street expectations. A powerful combination of record stock-trading revenue, strong investment banking activity, and renewed corporate dealmaking helped Goldman deliver one of its strongest...
Dow Jones
SpaceX Stock Sinks: 7 Big Reasons Shares Are Falling Toward the IPO Price and What Investors Should Watch Next
SpaceX Stock Sinks: 7 Big Reasons Shares Are Falling Toward the IPO Price and What Investors Should Watch Next SpaceX Stock Sinks as investors continue selling shares for a second consecutive trading session, pushing the company’s valuation closer to its reported IPO price. The sharp decline has sparked debate across Wall Street about whether the...
Economy
IBM Stock Drops 20%: 7 Critical Reasons Behind the Earnings Shock and What Investors Should Watch Next
IBM Stock Drops 20%: 7 Critical Reasons Behind the Earnings Shock and What Investors Should Watch Next IBM Stock Drops 20% after the technology giant reported second-quarter earnings that failed to meet Wall Street expectations, triggering one of the sharpest single-day declines in the company’s recent history. The unexpected earnings miss erased billions of dollars...
Commodities
US CPI Inflation Falls More Than Expected: Gold Jumps, Dollar Weakens as Markets Price in Fed Rate Cuts
US CPI Inflation Falls More Than Expected: Gold, Dollar, Bitcoin & Stock Market React US CPI Inflation surprised financial markets after June’s inflation report showed price pressures easing much faster than economists had anticipated. The latest Consumer Price Index (CPI) figures strengthened expectations that the Federal Reserve could move closer to cutting interest rates later...
Commodities
US CPI Today: Will Gold Crash or Rally? Dollar, Bitcoin, Stocks & Fed Rate Cut Outlook After Inflation Data (July 15, 2026)
US CPI Today: Will Gold Crash or Rally? Dollar, Bitcoin & Stock Market Prediction (July 15, 2026) US CPI Today is one of the most closely watched economic events for investors because inflation data directly influences Federal Reserve interest-rate decisions. Markets across the world—including gold, silver, Bitcoin, the US dollar, Treasury yields, and major stock...