The US national debt has surpassed $40 trillion for the first time, driven by rising federal spending, interest costs, and aging population-related expenses like Social Security and Medicare. The Congressional Budget Office projects the debt could reach $63 trillion by 2036, with annual deficits growing from $2.1 trillion to $3.1 trillion. The debt held by the public now exceeds the size of the US economy, a level not seen since World War II, raising risks of slower economic growth, higher interest rates, and potential fiscal crises. Experts urge lawmakers to implement fiscal reforms to ensure sustainable economic health and avoid further financial instability.
Walmart will report its fiscal second-quarter earnings, providing insight into U.S. consumer health amid a divided economy. The company, which focuses on value for lower-income shoppers while attracting higher-income customers, faces challenges from ...
State Farm Mutual Automobile Insurance is distributing a record $5 billion dividend to over 49 million qualifying auto insurance customers nationwide, marking the largest payout in its 100+ year history. Payments range from 4% to 10% of premiums paid...
BILL Holdings reported strong Q4 results driven by accelerating payment volumes and a resilient business model where only 17% of revenue depends on headcount. The company benefits from AI adoption, which is boosting customer spending and operational ...
Auckland International Airport posted steady financial results for the year ending June 2026, with modest passenger growth despite global challenges like geopolitical instability in the Middle East. The airport saw strong demand in early 2026, partic...
Meta Platforms reported a 27.9% year-over-year revenue increase to $60.8 billion in Q2, driven by strong advertising performance and AI investments. Despite short-term pressure on free cash flow due to high capital expenditures for AI development, Me...
