treasury

US Government Borrows a Record $839 Billion in One Week of Treasury Auctions

The US government just borrowed more money in a single week than ever before. Per Bloomberg, the Treasury raised $839 billion this week through its sales of Treasury bills and notes, a new all-time record for gross issuance in one week. The borrowing serves two purposes: repaying holders of

sam altman

Sam Altman Says RAM in Personal Computers Is a Waste of the World's Limited DRAM Supply

"Quite terrible" for PCs to hold DRAM OpenAI CEO Sam Altman says the RAM inside personal computers is an inefficient use of the world's limited DRAM supply, per Tom's Hardware. Altman made the remarks on Cheeky Pint, the Stripe podcast hosted by John Collison,

bill gates

Bill Gates Says AI Will Create "True Abundance," but Warns of 20 Tumultuous Years First

Bill Gates has said artificial intelligence will create "true abundance," but the next two decades before it arrives will be "as tumultuous a period as there's been in human history." The Microsoft cofounder and billionaire philanthropist made the comments on the latest episode of

donald trump

Surface-to-Air Missile Systems Deployed Near Trump's Mar-a-Lago Estate

Surface-to-air missile systems have been deployed around President Donald Trump's Mar-a-Lago estate in Palm Beach, Florida. Per the Palm Beach Post, the systems were positioned at the request of the US Secret Service, and federal officials have confirmed that ground-based air defense assets

federal reserve

Rich Getting Richer, Poor Getting Poorer in New Federal Reserve Wealth Data

The rich are getting richer, and the poor are getting poorer, per the Federal Reserve. The central bank's latest Survey of Consumer Finances, released October 9, shows wealth gains since 2022 were concentrated at the top of the income ladder. The survey is conducted every three years and

midterms

Trump Warns Democratic Midterm Win Would Trigger a "1929-Style Economic Depression"

The warning in Mississippi Trump warned supporters in Corinth, Mississippi, that a Democratic victory in the November 3 midterms would bring a 1929-style economic depression. "If the Democrats win, you will have a 1929 style economic depression," Trump told the crowd at the Crossroads Arena, per the

france

France Votes to Tax the Internet With a Per-Gigabyte Levy on Streaming Giants

France has moved to tax the internet by the gigabyte. French lawmakers have approved an amendment that would charge companies €0.055, or 5.5 cents, for every gigabyte of data they deliver to users in France. The levy would fall on the companies sending the data, not on users

midterms

Record 47.9 Million Americans Have Already Voted in US Midterms, Per AFP

A record 47.9 million Americans have already voted in next week's US midterm elections, with participation surging in key battleground states, per AFP. The University of Florida's Election Lab had recorded 47,922,669 early votes nationwide by midday Friday. That figure surpasses the previous

health insurance

Families Now Pay Nearly $7,500 a Year for Job-Based Health Insurance, KFF Finds

The premium bill keeps climbing Workers with family coverage through their jobs now pay an average of $7,471 a year toward their health insurance premiums, up 9% from last year, per KFF. The figure comes from KFF's 2026 Employer Health Benefits Survey, released October 22 and covered

binance

Binance Hacked for $6.3 Billion, Deposits and Withdrawals Suspended in the Biggest Crypto Breach Ever

The largest crypto exchange in the world has confirmed the largest crypto hack in history. Binance has confirmed it was hacked for an estimated $6.3 billion, and the exchange has temporarily suspended all deposits and withdrawals. "The estimated total impact sits at around $6.3B," Binance said

Pope Leo

Pope Leo Requests Absentee Mail-In Ballot in Illinois to Vote in the Midterms, per NBC

One of the most unusual ballots in next week's midterm elections may be cast from Vatican City. Pope Leo has requested an absentee, mail-in ballot in Illinois to vote in the midterms, per NBC News. Pope Leo XIV, a registered voter in Illinois, requested the mail ballot

google

Finland Launches Criminal Probe Into Suspected Environmental Damage at Google Data Centre Site, per Reuters

Google's biggest European investment has run into a police investigation. Finland has launched a criminal probe of suspected environmental damage at a Google data centre site, per Reuters. Finnish police said on Thursday they had opened a criminal investigation into suspected breaches of environmental law at the construction

Reddit

Reddit Will Start Requiring Users to Log In as Huffman Calls It a "Logged-In-Only Experience"

After two decades of letting anyone browse freely, Reddit is putting up a login wall. Reddit, $RDDT, is going to start requiring users to log in, with CEO Steve Huffman saying the platform is becoming a "logged-in-only experience." "A key piece of work to retain

pentagon

Pentagon Treats Freezer Failures That Spoiled Food at US Military Bases as a Suspected Hack, per Reuters

The Pentagon is investigating a wave of freezer failures at US military bases as a suspected cyberattack, per Reuters. The Pentagon is treating the August freezer malfunctions, which hit at least six on-base commissaries, as a suspected hack, per Reuters. The commissaries are the on-base grocery stores that

nvidia

Jensen Huang Was the Target of a Chinese Spy Operation, per New York Times

Nvidia CEO Jensen Huang was the reported target of a Chinese spy operation, per the New York Times. US intelligence agencies concluded that Alice Huang, an executive at Singapore-based Megaspeed, was acting as a Chinese intelligence asset and passing information to Beijing, per the New York Times. Alice Huang,

iran

The Iran War Has Now Cost the US More Than $47 Billion, per Washington Post

The price tag on the Iran war keeps climbing, and the Pentagon says the count is not finished. The Iran war has now cost the United States more than $47 billion, according to estimates from US military officials reported by The Washington Post. The latest estimate, compiled by US Central

DoorDash

DoorDash Will Acquire Instacart for About $17 Billion, per CNBC

The two biggest names in American delivery are becoming one company. DoorDash will acquire Instacart for about $17 billion, in a deal that values the grocery delivery company at $65.00 per share in cash and stock, per CNBC. The companies announced the definitive agreement on Thursday, confirming days of

bill ackman

Bill Ackman Says Democratic Party Is in the Worst Place in the 250-Year History of the Country, Calls It "Crazy, Radicalized" and "Anti-American," per Fox News

Bill Ackman is done mincing words about the Democratic Party. Billionaire investor Bill Ackman says the Democratic Party is in the worst place it has ever been in the 250-year history of the country, calling it crazy, radicalized and anti-American, per Fox News. "I think the Democratic

wages

Americans Have Seen No Real Wage Growth Since the Start of Trump's Second Term, per Bureau of Labor Statistics

American paychecks are bigger than they were two years ago. They just do not buy any more. Since the start of President Trump's second term, Americans have seen no real wage growth on average, according to the Bureau of Labor Statistics. Between January 2025 and September 2026, both

AI

Employers Worldwide Are Pulling Back on AI as Errors and Low-Quality Work Pile Up, per the Guardian

The corporate AI rush is hitting a wall of cleanup work. Employers worldwide are pulling back on AI as they navigate a flood of errors and low-quality work that sap employee time, raise privacy and security risks, and drive up costs, per the Guardian. After two years of mandating

israel

Netanyahu's Likud Party Says Voter Fraud by Arab Citizens Prevented a Clear Victory in Israel's Election

Israel's election has ended in a political fight over the result itself. Likud said voter fraud perpetrated by Arab citizens prevented Prime Minister Benjamin Netanyahu from winning a clear victory in Israel's election. In a statement shared by Netanyahu, Likud claimed the election was stolen by

Pew Research

44% of Americans Say They Have Trouble Affording Basic Necessities, per Pew

Nearly half of American adults struggled to cover the basics over the past year, even as headline economic data looked resilient. 44% of US adults had trouble paying for at least one basic necessity in the past year, per the Pew Research Center. Pew's figure covers adults who

Howard Marks

US Has a "Complete Lack of Fiscal Discipline" and Borrowing Costs Will Not Fall Until the Deficit Is Fixed, per Oaktree's Howard Marks

One of Wall Street's most respected credit investors is warning that Washington's borrowing problem cannot be engineered away. The United States displays a "total lack of fiscal discipline," Oaktree Capital Management co-founder Howard Marks wrote in his latest memo. Marks argued that efforts

canada

US Ambassador Warns Canada Could Shoulder Blame If Midterms Go Against Trump, per CTV

Washington's messaging to Ottawa is getting blunt ahead of the midterms, per CTV. The US ambassador warned that Canada could shoulder blame if the midterm elections go against President Donald Trump, per CTV. The warning ties Canada's trade relationship with the United States directly to the

federal reserve

Federal Reserve Holds Interest Rates Steady at 3.75% to 4.00% at Its October Meeting

The Federal Reserve hit pause. The Federal Reserve left interest rates unchanged at 3.75% to 4.00% at its October meeting, pausing after September's hike. September's move was a 25 basis point increase to the current range, the Fed's first rate hike since