Tag: Breaking News: Economy
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U.S. budget deficit swells to almost $2 trillion for fiscal 2026, up 12% in a single year
The Treasury Department published the U.S. budget deficit for the 2026 fiscal year.
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Older Americans feel less of the affordability crunch. How that could affect the midterm elections
Younger Americans face higher inflation and housing costs than baby boomers, widening the affordability divide ahead of the 2026 midterm elections.
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Analysis: Everyone expects the Fed to hold rates in October. Kevin Warsh could surprise us all
Investors expect the Fed to pause rate hikes in October, but Kevin Warsh’s rejection of traditional communications practices and continued concern about inflation leave the decision uncertain.
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Fed’s Warsh says AI path will be ‘very bumpy’ but ultimately ‘very good’ for wealth
Warsh said he’s optimistic that AI will make economies that use it well more productive and wealthier, warning the road there will be “very bumpy.”
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Russia returns to G20 table in Bangkok on U.S. invitation that angers Europe
Russia’s return to the G20 table has tested how far Washington’s outreach to Moscow will strain ties with European allies.
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Gasping for clean air: Singapore battles relentless haze as Prime Minister Wong warns of action
Singapore continues to grapple with severe haze that is disrupting daily life and businesses, as authorities roll out protective measures — and issue warnings.
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Stocks making the biggest moves after hours: Interactive Brokers, J.B. Hunt, Alcoa and more
These are the stocks posting the largest moves in extended trading.
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Stocks making the biggest moves midday: CoreWeave, Salesforce, Rocket Lab, Kimberly-Clark & more
Here are some of the companies making headlines in midday trading.
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U.S. Treasury dismisses IMF debt warning and ‘messy’ forecasting
The exchange comes as U.S. debt exceeds $40 trillion and 10-year Treasury yields remain above 5%, intensifying scrutiny of the fiscal outlook.
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Wholesale prices jumped 6.3% annually in September, biggest gain since 2022
September producer prices were expected to increase 0.6% month-over-month and 5.5% annually, according to the consensus estimate by Dow Jones.
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