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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…
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…
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…
Pentagon Plans First US Livestreamed Execution on December 3
Pentagon confirms December 3 firing squad execution of Fort Hood shooter Nidal Hasan will be livestreamed. First US public execution since 1937, drawing global criticism.
Bezos Predicts AI Could Enable 3-Day Workweeks, Single-Income Families
Jeff Bezos says AI productivity could enable 3-day workweeks and single-income households. He told Fox News the technology is real but cautioned investors face uncertainty as capital flows to both good and bad ideas.
Navi Pillay Wins 2026 Nobel Peace Prize for International Law Work
Navi Pillay, 85-year-old former ICC judge and UN human rights chief, awarded 2026 Nobel Peace Prize for international law work. Israel and Trump administration condemn decision.
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.
Drug-Resistant Shigella Surges as STI Cases Climb 15% Yearly
Shigella infections are spreading sexually and becoming harder to treat. Drug-resistant strains now account for 8.5% of samples, up from zero in 2011. The CDC warns of limited treatment options.
TCS Q2 Profit Jumps 15% to Rs 13,884 Crore on AI Revenue Surge
TCS Q2 FY27 net profit rises 15% to Rs 13,884 crore with revenue up 11%. AI revenue crosses $3.1 billion. Board approves Rs 12 dividend.