The US federal government is projected to run a budget deficit of around $2 trillion in fiscal year 2026, according to estimates from the Treasury Department and bond market participants. This figure surpasses the previous $1.8 trillion deficit from last year and is one of the largest in US history outside of major recessions, trailing only the COVID-19 pandemic years. Rising costs from entitlement programs like Social Security and Medicare, along with increasing interest expenses on the national debt, are driving the deficit higher. Experts warn that this unsustainable borrowing trend raises the risk of a fiscal crisis and urge urgent deficit reduction measures. Additionally, the US national debt recently surpassed the size of the economy for the first time since World War II, highlighting growing fiscal challenges ahead.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
Alpaca, a brokerage infrastructure startup, secured $435 million in funding to enter prime brokerage services, challenging traditional Wall Street firms. The company’s API supports 94% of US equities and powers tokenized stocks for Kraken. Alpaca’s t...
Raymond James Financial's rating was raised to "Buy" after positive investor event disclosures and a promising preview of its upcoming quarterly results. The company is expected to exceed earnings per share consensus for Q3 FY26, driven by strong per...
Bitcoin and Ethereum experienced combined outflows exceeding $59 million as traders moved funds into stablecoins like USDT and fiat currencies, signaling a cautious stance in the crypto market. This rotation reflects a short-term defensive strategy, ...
Whales have accumulated 70 million XRP over the past week, showing strong confidence despite XRP's price consolidating below resistance levels. The XRP Ledger surpassed 8 million activated accounts, indicating growing network adoption across payments...
