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US President Trump said oil flows through the Strait of Hormuz will not be entirely smooth.
2026-08-19
US President Trump said oil flows through the Strait of Hormuz will not be entirely smooth.
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2026-08-19
U.S. federal debt is projected to reach $40 tln in August 2026, several months sooner than the CBO had forecast. Debt growth has accelerated since the global financial crisis and the COVID stimulus era; milestones include $10 tln (2008), $20 tln (201
U.S. federal debt is projected to reach $40 tln in August 2026, several months sooner than the CBO had forecast. Debt growth has accelerated since the global financial crisis and the COVID stimulus era; milestones include $10 tln (2008), $20 tln (2017) and $30 tln (Jan 2022). Drivers cited: crisis-related fiscal stimulus, revenue shortfalls tied to tariff policies and returned tariffs (one estimate of ~$200 bln), a 2025 Republican-led "Big and Beautiful" fiscal bill estimated at about $2 tln over five years, and a rising-interest-cost feedback loop as higher refinancing costs push debt-servicing needs higher. Market-relevant forecasts: Bank of America says U.S. debt could top $50 tln by July 2029 unless 5-year yields fall below 3.25%; if rates hold, annual interest costs could rise to $1.7 tln by Nov 2028. The Kobeissi Letter reports record interest outlays of $1.4 tln over the past 12 months and projects interest could become the single largest federal outlay by 2028. JP Morgan warns that, at current issuance rates through FY2027, short-term Treasury bills could comprise nearly 25% of debt—raising sensitivity to short-end rate moves.
2026-08-20
OpenAI CFO Sarah Friar told staff at an all‑hands the company expects to be a public company in 2027 but could list earlier if growth accelerates. She said an IPO is a milestone and a means to raise capital rather than an endpoint, and that OpenAI co
OpenAI CFO Sarah Friar told staff at an all‑hands the company expects to be a public company in 2027 but could list earlier if growth accelerates. She said an IPO is a milestone and a means to raise capital rather than an endpoint, and that OpenAI completed $122 bln of financing in March, giving it greater flexibility for future development.
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