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Why the US economy is ringing alarm bells
US national debt crossed the $40tn mark this week, doubling in roughly a decade, with interest payments now consuming nearly 20% of federal tax revenue and outpacing defense spending.
Bessent Buyback Plan Fails to Calm Bond Market
Treasury Secretary Scott Bessent's two-pronged effort to calm the government bond market — accelerated buybacks and verbal reassurance — has so far failed, with long-end yields rebounding and analysts
Crypto exchanges split over AI agent autonomy
Crypto exchanges are racing to build products for autonomous AI agents, with Kraken and OKX rolling out rival offerings and crypto CEOs predicting bots could drive a significant share of onchain activ
Walmart Stock Drops 9% as Sales Growth Slows
Walmart stock plunged 9% after the retailer's slowing U.S. comparable sales growth of 2.6% and outlook disappointed Wall Street, even as the company simultaneously raised its full-year guidance.
Anthropic Targets SpaceX's IPO Record
Anthropic is targeting an IPO that would match or surpass SpaceX's record, backed by a $65 billion annualized revenue run rate the AI lab disclosed to investors in July.
Bitcoin Is Pumping But Prediction Market Traders Aren't Convinced
Bitcoin rallied 8.7% Wednesday and added another 3.26% to hit $71,556 Thursday, but prediction market traders who were betting on a crash days ago have merely flipped to a coin flip rather than buying
Bonds Erase Treasury Buyback Impact
Bond market movements erased the impact of the Treasury's debt buyback intervention, per NBC News, with broader markets continuing to seek relief that wasn't coming.
Stock Market Today: Bessent Signals Treasury Buybacks Could Exceed $4 Billion - WSJ
Treasury Secretary Bessent deployed interventionist tactics — including signaling bond buybacks could exceed $4 billion — to push down interest rates, but bond yields jumped and effectively erased the
Alibaba Revenue Up 9%, AI Cloud 45%, Profit Drops 75%
Alibaba posted 9% revenue growth—its fastest in three years—driven by 45% cloud expansion and a 12th straight quarter of triple-digit AI revenue, but a 75% net income plunge and $6.6 billion cash outf
Bessent: Treasury Bond Buybacks May Exceed Initial Plan
Treasury Secretary Scott Bessent doubled down on Treasury's bond market intervention, signaling the department could make additional moves and that its bond buybacks may run larger than initially anno
Canadian Banks Restrict Employee Prediction Market Bets
Canada's largest banks — including RBC, Scotiabank, TD, National Bank, and Manulife — have updated employee personal trading policies to bar or restrict prediction-market betting, particularly for sta
BMO reorganizes capital markets unit, taps Couzens as head
Bank of Montreal is consolidating its international capital markets business under a single leader, with EMEA head Richard Couzens expanding his role effective November 1 while Asia head Chris Taves r
Why Is Moderna Stock Down Today? - Forbes
Moderna’s stock is framed as falling today, while separate coverage of the company’s shift toward cancer work highlights a 177% gain, leaving the reason for the latest decline completely unstated.
Walmart’s stock slides as investors worry that pressure on consumers is getting worse
Walmart shares tumbled Thursday after the retailer reported weaker-than-expected U.S. comparable sales and guidance, with executives describing the consumer environment as "arguably softer" than earli
Bitcoin Hits Highest Price Since June as $3 Billion in Shorts Liquidated
Bitcoin surged past $72,000 Thursday as a record $3 billion in short positions were liquidated, fueled by a surprise U.S. Treasury expansion of its bond buyback program and a White House crypto summit
Most Americans say the Trump family’s crypto investments are not ‘appropriate’: Poll
A June ethics disclosure revealed Trump earned $1.4 billion from crypto investments in 2025, sparking congressional calls for investigations and renewed momentum behind the Digital Asset Market Clarit
Bessent says Treasury buyback operation could be more than $4 billion - CNBC
Treasury Secretary Bessent signaled the department's bond buyback operation could exceed $4 billion as part of interventionist efforts to lower interest rates, though those efforts have so far failed
Dow Drops Nearly 500 Points as Yields Rise, Walmart Tanks
U.S. stocks slid as rising Treasury yields and weak Walmart results pressured the market, with the Dow dropping nearly 500 points after a Treasury plan failed to contain yields.
Trump calls for lower interest rates as Fed officials watch inflation - USA Today
Trump publicly demanded interest rate cuts, calling current rates "ridiculous," while simultaneously praising Fed Governor Kevin Warsh and attacking the Fed board as officials monitor inflation.
CNBC Daily Open: Trump bemoans 'ridiculous rates' - CNBC
President Trump publicly attacked Federal Reserve interest rate policy as "ridiculous," demanded the U.S. pay much less, and played down bond market fears while Fed officials continued monitoring infl
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