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Scott Bessent Pushes Treasury Buybacks as Bond Vigilantes Challenge US Debt
Scott Bessent doubled Treasury’s long-term bond buyback program on August 19, 2026, raising the per-operation cap from $2 billion to at least $4 billion. The Treasury secretary told CNBC Thursday the size could climb even further. Yields fell sharply on the news, with the 10-year note dropping 5.7 basis points to 4.647%. Bessent’s move directly…
US National Debt Surpasses $40 Trillion for First Time, Raising Fresh Fiscal Concerns
The US national debt surpassed $40 trillion for the first time this week, the Treasury Department confirmed Wednesday, August 19, 2026. Total public debt outstanding reached $40.047 trillion as of August 18, just five months after crossing $39 trillion. The milestone comes as the annual deficit is projected to hit $2.1 trillion by fiscal year-end…
US Debt Rises $11.6 Trillion During Trump’s Two Terms, Outpacing Biden’s $8.4T
US debt has climbed $11.6 trillion across Donald Trump’s two terms combined, according to Treasury Department data released this week. That total spans both his 2017-2021 term and his current second term since January 2025. Biden’s single term added $8.4 trillion by comparison. Total US debt crossed $40 trillion for the first time on August…
Ray Stone Retires From NRL at 29 After Persistent Injuries
Dolphins cult hero Ray Stone retires from NRL at 29 after persistent shoulder and other injuries force early exit from rugby league.
Boeing (NYSE: BA) Stock Gains 8.24% in 30 Days After 737-7 Approval, but Valuation Signals 44.8% Overvaluation
Boeing (NYSE: BA) stock has gained 8.24% over the past 30 days as investors respond to improving conditions in the company’s commercial aircraft business. A major catalyst came on August 3, 2026, when the U.S. Federal Aviation Administration certified Boeing’s long-delayed 737-7 for commercial service. The approval supports Boeing’s recovery story, but a reported 44.8%…
JPMorgan (NYSE: JPM) CEO Jamie Dimon Warns UK Against Bank Tax Hikes Ahead of October Budget
JPMorgan (NYSE: JPM) CEO Jamie Dimon has warned the UK against raising taxes on banks ahead of the government’s October 28, 2026 Budget. In a recent call with Chancellor John Healey, Dimon argued that higher bank taxes could push financial jobs and capital overseas. His warning comes as UK banks face growing pressure for higher…
Super Micro Computer Stock Surges 9% as $65-72 Billion FY2027 Revenue Outlook Crushes Forecasts
On August 12, 2026, Super Micro Computer (NASDAQ: SMCI) stock jumped about 9% after the company issued a FY2027 revenue forecast of $65 billion to $72 billion. The outlook came in well above Wall Street expectations and pointed to continued demand for AI servers. Quarterly earnings also beat forecasts, while margins improved sharply. That leaves…
Gold Hits $4,400 as JPMorgan Targets $5,000 by Year-End
Gold rallies to 10-week high near $4,400 as JPMorgan forecasts $5,000 by Q4 2026. The bank cites central bank demand and economic shifts as catalysts for further gains.
Fly540 Liquidated: Kenya’s Low-Cost Airline Collapses After 20 Years
Fly540, Kenya’s low-cost airline, placed under receivership by Chase Bank and faces liquidation. The airline has been grounded since 2022 after years of debt and operational struggles.