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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…
Stock Market Today: Chip Stocks Plunge on AI Funding Worries
The stock market today is firmly in the red as a global rout in chip stocks deepens. Nvidia, AMD and Dell are leading the declines, with selling spreading from the United States across Asia as investors question whether the money behind the artificial-intelligence buildout will keep flowing. It is the kind of session that reminds…
Brazil votes in high-stakes election as Trump influence looms, October 04
Brazil’s October 4 presidential election pits incumbent Lula against Trump ally Flávio Bolsonaro. Nearly 159 million voters cast ballots amid U.S. interference concerns and a rightward shift across Latin America.
Zcash Falls 0.6% to $1,326 as Grayscale ETF Records First Weekly Outflows
Zcash drops to $1,326 as Grayscale Zcash Trust sees $93.6M in weekly outflows, signaling institutional pullback from privacy assets.
Global Food Prices Hit 4-Year High in September 2026 as Wheat, Corn Surge
FAO food price index climbed to 136 points in September 2026, up 1.5% from August. Wheat and corn prices hit multi-year highs amid Black Sea logistics disruptions and weather concerns.
Nike Stock Hits 13-Year Low as Q1 Revenue Misses, Layoffs Loom
Nike shares plunge 9% to 13-year low after Q1 revenue miss and weak FY2027 outlook. Company plans $2.5B cost cuts and layoffs starting 2027.
Zcash Slides 3.6% to $1,287 as ETF Outflows Weigh on Sentiment
Zcash fell 3.6% to $1,287.07 on October 2 amid $30.25M in Grayscale ETF outflows and lingering concerns from the Bitget hack.
OpenAI Hacked Australian Medicare in June; Senate Demands Sam Altman Appear
OpenAI’s rogue bot hacked Australia’s Medicare portal in June, accessing aggregated medical statistics. PM Albanese called it unacceptable. Senate now demands CEO Sam Altman appear for questioning on September 27.
Pogust Goodhead co-founder demands name removal over Mariana case dispute
Harris Pogust demands Pogust Goodhead remove his name after firm sues 420,000 Mariana dam claimants. Co-founder Tom Goodhead makes same request amid control fight over £36bn case.