U.S. budget deficit swells to almost $2 trillion for fiscal 2026, up 12% in a single year
The Treasury Department published the U.S. budget deficit for the 2026 fiscal year.
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S&P 500 and Nasdaq close sharply lower as AI selloff drags down stock market
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Prediction markets:
PolymarketStrait of Hormuz traffic returns to normal by December 31
12% · Closes · Quote captured
More: Reutersopen, Rigzoneopen, CNBCopen, Financial Times
Separate development
Oil prices edge lower on improving supplies; WTI set for strong week
More: Reuters, The New York Times
Israeli settlers attack Palestinians carrying out olive harvest in West Bank
More: The New York Times, Associated Pressopen, Reutersopen, CNN, The Guardianopen, CBS Newsopen
Malaysia Q3 GDP grows 5.3%, slows from Q2
More: Reuters
Singapore stocks rise 0.2% on Friday as exports surge; palm oil counters slide
United States
US Producer Prices Rise by Most in More Than Four Years
Separate development
U.S. Retail Sales Rise Only 0.2% Excluding Gasoline
Allianz CIO Sees up to 75 Bps of Fed Rate Hikes After Midterms
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The AI bubble fears are overblown
Meta releases open-weight Muse Spark model for coding, agentic tasks
More: Hugging Face, SiliconANGLE, Axios, The Verge, TechCrunch
Rupee rallies for 6th straight session; ends 10 paise higher at 94.89 against US dollar
ECB clears UniCredit to take control of Commerzbank, advancing cross-border bank consolidation
More: Bloomberg, Anadolu Agency, Daily Sabah, Euronews
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Anadolu Agency · Oct 16 at 3:27 AM PDT
Financial Times · Oct 16 at 4:51 AM PDT
Bloomberg · Oct 15 at 11:50 PM PDT
Earlier
Investing.com · Oct 15 at 12:19 PM PDT
