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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…
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…
Stock Market Crash Fears: The “Invisible” Sell-Off Beneath Record Highs
Searches for a stock market crash are surging across Australia this week, up more than 1,000% on Google Trends. But the crash experts are describing is not the one on the evening news. Headline indices are sitting near record highs, while the average stock is quietly losing value. Australian finance commentator Alec Renehan calls it…
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.
Harry Grant Set to Test Market as Storm Contract Clause Activates Before November 1
Harry Grant plans to activate a clause in his Melbourne Storm contract before November 1, making him a free agent. Newcastle Knights are among the clubs interested in signing the hooker.