The US federal budget deficit reached $2 trillion in the first 11 months of fiscal year 2026, driven by increased spending on Social Security, Medicare, Medicaid, and interest on the national debt. Despite a rise in tax receipts, spending growth, especially on mandatory programs and debt servicing, outpaced revenue gains. The national debt has surpassed $40 trillion, with interest costs now exceeding national defense spending. Experts warn that without significant deficit reduction and fiscal reforms, future generations could face severe economic consequences.
Several U.S.-listed stocks saw significant drops on Friday, led by the Daily Target 2X Long OKLO ETF (OKLL), which fell 18.38% due to amplified losses in Oklo Inc. shares. CPI Card Group (PMTS) declined 16.48% following a discounted secondary share o...
MKDWELL surged nearly 52% after disclosing its acquisition of Landvision Inc., an AI smart-home company, despite shareholder dilution. ACV Auctions rose over 44% following its $1.9 billion acquisition agreement by Copart, Inc. Frequency Electronics j...
Expedia Group and Booking Holdings, leaders in the global online travel market, reported strong Q2 results with improved efficiency and raised guidance. Expedia offers a more attractive valuation with an 11.8% free cash flow yield and a forward P/E u...
Ethereum has risen from 100th to 61st place among the world's top assets by market capitalization in 2026, reflecting a strong recovery. Its market cap surpassed $300 billion in mid-September, driven by shifts in U.S. inflation data and broader marke...
Cybersecurity stocks have surged over the past six months, with CrowdStrike leading the charge by posting an all-time high net new Annual Recurring Revenue (ARR) of $333 million. The company's AI Detection and Response (AIDR) ARR tripled in just one ...
