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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…
IndiGo, Air India Cancel Riyadh Flights Through October 10 After Houthi Attacks
Air India and IndiGo suspend all flights to Riyadh through October 10 after Houthi missile attacks on Saudi airports kill one and wound eight. Indian embassy warns nationals to stay indoors.
NSW Police Chief Loses Bid to Keep Protest Inquiry Private; October 19 Hearings Confirmed
NSW Police Commissioner Mal Lanyon’s last-minute attempt to hold closed-door hearings into the February anti-Herzog protest has been rejected. Public hearings begin October 19 with live-streamed testimony from senior officers.
OpenAI Revenue Miss Triggers $2.7T AI Selloff on October 9
OpenAI’s $50 billion revenue disclosure, $20 billion below expectations, triggered a sharp selloff in AI stocks. Nvidia fell 3%, Oracle 6%, CoreWeave 8% on October 8.
Toncoin USD Plummets 15.9% to $1.39 as RSI Signals Oversold Conditions
TONUSD fell 15.9% to $1.39 in 24 hours with RSI at 45.1 and price below the 50-day average, signaling weakness.
Chinese Tourist Surge Hits Australia During Golden Week: 19% Jump in Flight Bookings
Chinese tourists flooded Australia during Golden Week 2026, with flight bookings up 19% and hotel stays of 7+ nights rising 123%. NSW welcomed record visitor spending of $15.1 billion.
Supreme Court Weighs Oil Companies’ Bid to Block Climate Lawsuits, October 7
US Supreme Court hears arguments in Suncor v. Boulder, a case that could decide if oil companies can be sued for climate damages. Outcome affects dozens of pending lawsuits seeking billions in compensation.
North-South Corridor delayed to 2029; noise relief by end-2027
North-South Corridor viaduct now opens 2029, tunnel 2031. Major structural works finish by end-2027. Project cost likely to rise from S$7.47 billion. Affected HDB businesses get rental rebates.