Among the many potential downsides for letting the national debt get too high was that the federal government would suck up so much capital that businesses wouldn’t be left with enough. Today, U.S. debt is at $40 trillion, the federal budget deficit is on track to reach $2 trillion this fiscal year, and debt servicing
New York City Mayor Zohran Mamdani is bringing 15 business leaders into City Hall as he looks to mend a rocky relationship between his administration and some of the city’s most powerful executives. Mamdani announced Thursday morning the launch of a new Business Advisory Council spanning finance, real estate, health care, technology, sports and retail,
The Food and Drug Administration on Wednesday approved Rasonque, a once-daily pill developed by Revolution Medicines to block several forms of the RAS protein — the mutation that drives tumor growth in most pancreatic cancers, and in roughly a quarter of all human cancers overall. For investors like Dr. Danish Nagda, an early shareholder in
August 26, 2026 — 6:01pm Save You have reached your maximum number of saved items. Remove items from your saved list to add more. AAA Hundreds of home buyers across Sydney’s suburban fringes have been left hanging after this week’s $3 billion collapse of property developer Bathla Group. But looming over the crushed dreams of
The US Securities and Exchange Commission has sent subpoenas to major Wall Street banks regarding the hedge fund Situational Awareness, according to people familiar with the matter. The information being sought is related to the trading activity of the hedge fund, which came under pressure and was forced to exit many of its positions last
The enormous mountain of debt hanging over the economy has overshadowed the AI boom as the center of attention on Wall Street. For years—decades even—the spiraling trajectory of U.S. debt fueled dire warnings, which investors consistently brushed off as low borrowing costs helped turbocharge epic stock gains. Meanwhile, the debt pile galloped higher, interest costs
