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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…
Lawrence Ng Ferry Sighting Sparks New Romance Rumours
Hong Kong actor Lawrence Ng (吳啟華) has become one of Hong Kong’s most-searched names after a netizen photographed him waiting for a ferry at Tsim Sha Tsui’s China Ferry Terminal. The 62-year-old appeared relaxed in a white cardigan, black T-shirt and patterned wide trousers, scrolling on his phone while masked. The sighting turned into gossip…
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…
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.
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.
El Niño to Peak in December at Record Strength; Australian Food Prices Set to Rise
WMO forecasts El Niño will peak in December 2026 at record strength, with sea-surface temperatures reaching 3.7°C above normal. Australian chocolate and coffee prices face upward pressure as cocoa and coffee supplies shrink.
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.
El Niño to Peak in December at Record Strength, WMO Warns
WMO forecasts El Niño will peak in December 2026 at record strength, with 99% certainty it persists through February 2027. Record Pacific temperatures threaten cocoa and coffee supplies, pushing Australian food prices higher.