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China’s Q3 GDP Growth Accelerates to 4.5% as Export Boom Offsets Property Slump
China GDP growth quickened in the third quarter of 2026, accelerating to 4.5% year over year as a record-breaking export surge more than offset a deepening property slump and sluggish domestic consumption. The print beat the 4.4% pace economists had pencilled in and marked a clear rebound from the 4.3% reading in the second quarter…
US Budget Deficit Hits $2 Trillion in 2026
The US budget deficit widened sharply in the fiscal year ended in September 2026, rising 12% to $1,992 billion — nearly $2 trillion — as refunded tariff revenue and surging interest payments on the national debt overwhelmed record federal revenues. The figures, published by the US Treasury on October 16, leave the deficit at about…
Accenture Capped Claude Spending at $29 a Month. Some Employees Were Spending $1,000.
The irony writes itself: the consulting giant telling the world’s biggest companies to invest heavily in AI has just slapped a $29-a-month budget on its own employees’ AI use. Accenture told staff it will centrally fund only $29 per person per month for Claude, Anthropic’s AI model, after discovering some employees were burning through $1,000…
2027 Social Security Changes: COLA, Tax Cap and the 2032 Funding Question
The 2027 Social Security changes are now official, and they reach into almost every American paycheck and retirement budget. The Social Security Administration has confirmed a 3.6% cost-of-living adjustment for next year, alongside a jump in the payroll tax cap to $192,300. Both moves renew a familiar argument in Washington: can the programme keep paying…
Greens Push $25B Plan for 624 Public Supermarkets Across Australia
The Greens propose a $25 billion plan to create 624 publicly owned supermarkets by forcing Coles and Woolworths to divest 200 stores. The policy aims to reduce grocery prices by 22 percent.
Germany’s Tobacco Tax Hike Locked In: Cigarettes Jump to €9.10 by 2027
Germany’s CDU and SPD reach deal on tobacco tax increase. Cigarette prices to rise from €8 to €9.10 in 2027, generating €11.6 billion for the state by 2030.
Hong Kong Banks Hike Fixed Deposit Rates to 4.3% as Interest Rate War Intensifies
Hong Kong banks raise fixed deposit rates to 4.3% for USD and 4.1% for HKD. Compare the latest rates from major lenders and digital banks as the interest rate war heats up.
Cash App Settlement Payments Begin October 2026: Who Gets Up to $2,500
Cash App users with approved claims in a $15 million security settlement will receive payments in October 2026. Eligible claimants can get up to $2,500 for documented losses from 2018-2024 unauthorized access incidents.
70 Million Children Auto-Enrolled in Trump Accounts as Dell Pledges $6.25B
Treasury auto-enrolls 70 million children in Trump Accounts on October 1. Michael Dell pledges $6.25 billion. Parents must claim accounts to manage them. Critics worry about single-stock concentration risk.