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US BUDGET DEFICIT RISE REASON EXPLAINED
US starts fiscal 2027 with record $404 billion budget deficit: Why customs revenue fell 39% despite Trump's new tariffsUS budget deficit surged to a record $404 billion in October, up 42% from a year earlier, as government spending climbed to $773 billion an...- India clocks record $89.99 billion exports in October, but merchandise trade deficit hits 1-year highIndia's total exports surged 29.9% year-on-year to approximately $90 billion in October 2026. Merchandise exports hit a record high of near...
- Indian rupee snaps rising streak on hawkish Fed, oil riseIn the past week, the Indian rupee faced downward pressure due to escalating oil prices. Although foreign investments offered some relief, ...
- Colette Kress to lead Nvidia as interim CEO after Jensen Huang resigns: What is her net worth?Nvidia’s board said Thursday that Colette Kress, the company’s executive vice president and chief financial officer has agreed to serve as ...
- Can a new US Congress mean an end to the Iran war?Public discontent regarding the ongoing war on Iran has influenced recent congressional election outcomes. President Trump's party faced lo...
- 'Buying the cheapest option isn’t always the cheapest decision': CA warns about 7 spending habits that prevent wealth creationCA Nitin Kaushik explained why people earning the same salary can have different financial positions. He identified seven habits that preve...
- 'Fourth Amendment doesn't allow it': AI facial recognition mistake lands Nebraska man in jail for 2 weeks; judge allows lawsuit against Kentucky copIn a significant ruling, a US federal judge has allowed a lawsuit against Detective Ryan Kilmer to advance regarding a wrongful arrest invo...
- Reverse AI trade drives foreign inflows back to India but rising US inflation poses challenge: Ajay BaggaForeign investors are returning to Indian equity markets as global funds shift away from the artificial intelligence infrastructure trade i...
- Why is the glittering gold losing its sparkle?After hitting a record near $5,600 an ounce in January 2026, gold has fallen roughly 29% from its peak. Here is what drives gold prices, wh...
- US and China should stay clear-eyed on AI cooperation and competition, Scott Bessent saysThe United States and China should harbor no illusions about their differences on artificial intelligence as they navigate cooperation to m...
- Fossil fuel emissions fall due to Iran war and renewables, finds researchEmissions from the burning of oil, gas and coal -- the main drivers of climate change -- rose by 0.9 percent per year on average in the pas...
- India's investment outlook strengthens as credit, exports rebound; inflation relief likely: HSBCIndia's investment outlook is improving as credit growth and corporate revenue increase, pointing towards stronger private capital spending...
- Donald Trump vs MAGA: Is Make America Great Again movement dead after Democratic Party landslides in Midterm elections?US Presidential Elections: There has been a sentiment rippling through the president’s Make America Great Again movement after the Republic...
- Voters demanded economic relief. Trump and Democrats face tough choices on how to deliverVoters have conveyed a clear message about the necessity of addressing inflation and economic issues. Both parties are preparing to respond...
- Can the government remove LTCG on mutual funds in Budget 2027? Here’s what experts saySEBI has repotedly proposed tax relief for domestic mutual fund investors ahead of Budget 2027. The proposal aims to exempt investors from ...
- US Midterms mandate 2026: Republican fortunes go south as another war flips the scriptTrump's Iran war, tariffs and economic policies have fuelled voter discontent, helping Democrats make sweeping gains in the 2026 US midterm...
- Crazy economics gets a stop buttonAfter the US midterm elections, stock futures show a positive reaction despite ongoing economic uncertainties. Trump's legislative agenda f...
- US trade deficit contracts slightly in SeptemberIn September, the US trade deficit decreased by 0.6 percent, driven by capital goods imports and strong exports. Imports rose by 1.2 percen...
- Fiscal deficit likely to exceed FY27 target by up to Rs 1.2 lakh croreIndia's fiscal deficit for the year 2026-27 is projected to exceed the budgeted target by a significant amount. The anticipated deficit may...
- India likely to meet FY27 fiscal deficit target despite spending pressures: Goldman SachsThe Centre appears on track to meet the fiscal deficit target set for FY27. Strong corporate tax collections are offsetting some revenue pr...
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