The United States has reached a debt milestone that highlights one of the biggest economic challenges facing Washington: the government is borrowing at a pace that is becoming increasingly difficult to sustain. Total US debt outstanding reached $40.047 trillion on Tuesday, according to the Treasury Department’s latest daily cash and debt balances statement. The figure
The broader cryptocurrency market is regaining momentum as improving liquidity conditions fuel expectations of another bullish leg. Bitcoin has broken past the psychologically important $70,000 mark after rallying 7% on Wednesday and it is now trading above $71,000. The rally followed the US Treasury Department’s decision to expand buyback operations for longer-dated government securities in
Lighter price has rallied 28% over the past 24 hours to around $2.95 on Aug. 20, making LIT the biggest gainer among the top 100 cryptocurrencies. CoinGecko data showed LIT climbing from around $2.30 to an intraday high near $2.97, with the rally accelerating during the Asian and European trading sessions. The token was also
Canada has secured a three-day reprieve from a new round of steep US tariffs after President Donald Trump said Washington and Ottawa were close to reaching a trade agreement. Trump announced the delay on Tuesday night, about 90 minutes before the tariffs were due to take effect. The White House said Canada had agreed to
Trump Media stock has come under intense pressure this month as it continued to underperform the broader market. DJT dropped to $8, its lowest level since July 8 and 40% lower than where it started the year. This sell-off may push it into penny stock status in the next 12 months. Trump Media is losing
Moderna MRNA shares surged in premarket trading on Wednesday after the company said its mRNA vaccine, when combined with Merck’s Keytruda immunotherapy, delivered positive results in a late-stage trial for skin cancer. At one point, before the bell, the stock doubled, jumping more than 99% to $125.68, from Tuesday’s close of $62.96, putting it on
Oracle stock remains under intense pressure this week, extending a steep decline that began after the shares peaked at $345 in September last year. The stock has since plunged nearly 60% from its all-time high, with its valuation increasingly appearing attractive even as investors remain concerned about the company’s rising debt burden and significant exposure
Top neocloud stocks are falling this week, erasing some of the gains they made last week when many of them published strong financial results. Nebius stock plunged to $241 from this month’s high of $280. Similarly, CoreWeave and TeraWulf tumbled to $93 and $15.62, respectively. TeraWulf, CoreWeave, and Nebius stocks amid AI bubble fears The
Estée Lauder Companies EL shares rose about 13% in premarket trading Wednesday after the beauty products maker reported fourth-quarter results above Wall Street expectations and raised its adjusted operating-margin outlook for fiscal 2027. The company reported fourth-quarter adjusted earnings of 39 cents per share, compared with the 32-cent consensus estimate. Revenue increased 6% to $3.6
US stocks opened higher on Wednesday after a technology-led selloff in the previous session, as falling Treasury yields provided relief to equity markets and investors assessed fresh retail earnings. The Dow Jones Industrial Average rose 100 points, while the S&P 500 and the Nasdaq Composite gained 0.37% and 0.28% respectively. The decline in long-term Treasury