The US budget deficit reached $432.3 billion in July, marking the highest monthly shortfall since March 2021, largely due to a surge in Medicare expenses and rising interest payments on federal debt. Year-to-date, the deficit has climbed to nearly $1.8 trillion, surpassing the same period last year. Medicare costs alone hit $174 billion in July, with total annual spending nearing $955 billion, outpacing Social Security and net interest expenses. Additional factors like tariff refunds and accelerated benefit payments also contributed to the deficit increase. This growing deficit highlights ongoing fiscal pressures from healthcare and debt servicing costs, with future budget outlooks dependent on inflation trends and interest rate policies.
BMO Capital initiated coverage on Tenet Healthcare with a 'Market Perform' rating, indicating the stock is expected to perform in line with the broader market. The company is forecasted to report a 24.05% increase in Earnings Per Share (EPS) to $4.59...
Jaguar Health (JAGX) surged over 1,150% after the FDA granted fee waivers for its drugs Mytesi and Canalevia-CA1, signaling regulatory support. Greenland Mines (GRML) rose nearly 50% amid growing investor interest linked to U.S.-Greenland security de...
The market experienced a downturn with significant losses among key stocks. New Fortress Energy dropped 24.7% amid ongoing volatility in energy sectors, while Xanadu Quantum Technologies fell 21.7% reflecting sensitivity in quantum stocks to commerci...
Jefferies maintains a Hold rating on Capri Holdings due to uncertainty over a potential takeover. Despite a flat global luxury market, Capri's management expects growth in the second half of 2026, driven by new product launches, increased marketing, ...
Avalanche (AVAX) surged 55% in a week following the launch of Bitwise's Avalanche ETF (BAVA), the first regulated fund offering direct exposure to AVAX tokens with an active staking model. The ETF stakes about 70% of its holdings to generate an estim...
