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US fiscal 2026 budget deficit rises to $1.99 trillion, largest in 5 yearsThe US budget deficit for fiscal 2026 rose to $1.99 trillion, driven by increased tariff refunds and spending. Total spending for the year ...- Global hedge funds suffer steep losses as AI trade unwinds, Asia funds hit hardestGlobal hedge funds suffered steep losses as investors unwound artificial intelligence-related trades amid inflation concerns and expectatio...
- US stocks: Nasdaq slides toward one-month low as AI selloff deepens, inflation pressures buildOn Thursday, the Nasdaq index fell sharply, hitting near a near-month low amid rising concerns about how increasing interest rates might im...
- AI stocks keep falling, but the rest of the market is supporting Wall StreetThe S&P 500 was virtually unchanged in midday trading after erasing an early loss. The weakness for AI stocks dragged the Nasdaq composite ...
- Flipkart’s marketplace revenue falls; Wipro Q2 profit takes a hitFlipkart’s marketplace business sees revenue decline as losses widen. This and more in today’s ETtech Top 5.
- Global Market: Asian currencies slide as hot US inflation fuels Fed rate hike bets; won hits two-week lowEmerging Asian currencies weakened as hotter-than-expected US inflation revived Federal Reserve rate hike concerns, boosting the dollar and...
- Hidden recorder, chatbot prompts and an FBI arrest: Inside the OpenAI spying caseAbdulrahman Alfozan, an engineer at OpenAI, was arrested for allegedly planting a recording device in an executive meeting room. The device...
- Global Market: TSMC set for sixth straight record quarterly profit on AI chip boomTSMC is expected to report its sixth consecutive quarter of record earnings, driven by surging AI chip demand and technology investments. A...
- Who is Pete Ricketts? The multimillionaire senator from a family that poured over $100 million into US politics and is contesting in the Nebraska Senate race in US midtermsPete Ricketts, a Republican US senator from Nebraska and former two-term governor, is seeking to serve the remainder of his Senate term in ...
- 'America punishes you for being sick': Foreigner explains why he is moving back to India from US in a viral videoAn American has gone viral after explaining why he plans to move back to India from the US, citing high healthcare costs. He compared a $50...
- Global Market Today: Asian stocks rise on Fed rate signal, oil gainsMSCI Inc.’s Asia Pacific equities index advanced 0.2%. A selloff in semiconductor stocks sent the gauge to its weakest close since August o...
- Could the US stock market crash in October? What are the Dow Jones, S&P 500 and Nasdaq showing? Here’s what investors should watch and how to prepareUS Stock Market Crash Warning: October always carries a reputation on Wall Street. Historically known for high-volatility events, it is a m...
- US banks post strong profits, but inflation and rate risks cloud outlookMajor US banks reported higher third-quarter profits, supported by resilient consumer spending, AI investment and stronger trading revenue....
- Elon Musk's $366 million political spending surge: Why he's backing Republicans in 2026 midtermsElon Musk, previously intending to reduce political spending, has emerged as a major Republican donor. His $366 million contributions are a...
- JPMorgan posts rare profit miss as dealmaking, bond trading lose momentum(Compares with estimates in headline and paragraph 1, adds analyst comment in paragraph 4, updates shares, details and context throughout)-...
- US bull market nears four-year milestone as AI boom fuels profits, growthThe US bull market is reaching its four-year milestone as AI infrastructure investments drive a 117% S&P 500 rally. However, market concent...
- Port of Los Angeles sets September volume record, executive director saysThe Port of Los Angeles achieved a new record for container volume in September with over one million TEUs. This increase is attributed to ...
- TSMC expected to report sixth straight quarter of record profit thanks to AI boomAnalysts say demand for Taiwan Semiconductor Manufacturing Co's (TSMC) AI chipmaking capacity, as well as its advanced chip packaging techn...
- Once-hot AI trade leaves Korean stocks struggling for buyersSouth Korea's stock market is facing a significant downturn after a dominant run in the global AI sector, as the Kospi has dropped 22% sinc...
- Charting the Global Economy: Sentiment among US consumers wanesAs consumer sentiment declines in the US and Japan experiences weakening household spending, Europe faces challenges with rising bond yield...
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