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Lockheed Martin Raises 2026 Outlook as Missile Demand Pushes Backlog to a Record $292 Billion

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A man looking closely at a missile display at a Lockheed Martin exhibition booth

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EV Sales Keep Sliding Even as Gas Prices Surge, After Trump Rolled Back Tax Credits and Mileage Rules
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Tesla and SpaceX Form Special Committees to Weigh a Merger That Could Create a $3.5 Trillion Giant
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Musk Pledges a SpaceX Share for Every American Child, Tying the Gift to Trump's New Investment Accounts
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The People's Bank of China headquarters building with a Chinese flag flying in front under a clear blue sky

China's Official Treasury Holdings Hit an 18 Year Low, but Economists Say the Real Number Is Hidden in Canada and Belgium

China's reported holdings of U.S. Treasury securities fell to $591 billion in August, the lowest in 18 years, but economists say a sharp rise in Treasury holdings routed through custodian banks in Canada and Belgium suggests Beijing is masking hundreds of billions of dollars in exposure rather than actually cutting it.

A Mobil gas station price sign showing regular, extra, supreme, and diesel prices, with cars driving past on the street below

Politics

Gas Prices Near 2026 Highs Test Trump and Republicans Heading Into the Midterms

The national average for gasoline sat near $4.36 a gallon in mid-October, about 39% higher than when Trump took office, as new polling finds 96% of Republicans see an affordability crisis and two thirds of voters rank gas and grocery prices as a top midterm issue.

Katie Zacharia walking across an airport tarmac wearing sunglasses and a black top, with a plane visible in the background

Politics

Trump Fires Press Secretary Katie Zacharia After Five Days, the Shortest Tenure on Record

Katie Zacharia was dismissed as White House press secretary just five days into the job, after a rocky debut briefing and scrutiny over her long standing claim to be a lawyer despite not passing the California bar exam.

Tim Walsh, KPMG's U.S. chair and chief executive, speaking at a podium in front of a blue KPMG backdrop

Economy

KPMG Survey: 53% of Big Company CEOs Plan Workforce Cuts as AI Reshapes Hiring

A new KPMG survey of 400 large U.S. company CEOs finds 85% now rank cybercrime as the top threat to their business over the next three years, even as 53% plan workforce reductions and nearly nine in ten redesign roles around AI.

Diesel Prices, Not Crude Oil, Are Now Driving Bond Yields as Trump Turns to Russia for Relief

Diesel prices are climbing faster than crude oil and now track more closely with 10 year Treasury yields, prompting the Trump administration to defer the federal diesel tax and strike a deal to import Russian fuel, though analysts and new polling suggest the relief may fall short.

President Donald Trump speaking and gesturing at a podium

Politics

Only 21% of Voters Think Trump Will Follow Through on His $5,000 Dividend, Poll Finds

A new Economist/YouGov poll finds just 21% of registered voters believe Trump will actually deliver on his promised $5,000 payments, as shifting eligibility rules fuel skepticism about the proposal.

A man speaking at a financial industry conference podium branded Jefferies

Economy

A Niche Corner of Finance Is Becoming a New Liquidity Engine in the Gulf

As IPOs and M&A deals remain scarce across the Gulf, the once niche secondaries market is emerging as a key way for investors to cash out of venture capital and private equity stakes.

Culture

The African 7-a-Side Football Confederation (AFC7) Announces Continental Competitions Launch for July 2027

JOHANNESBURG, October 7, 2026 : The African 7-a-Side Football Confederation (AFC7), the independent continental governing body dedicated to the organization, regulation, and growth of 7.a.side footba…

Officials unveiling a plaque at the opening ceremony for Taiwan’s new office in Phoenix

Economy

Taiwan Opens Phoenix Office as TSMC's $265 Billion Arizona Investment Grows Over China's Objections

Taiwan opened its 14th U.S. economic and cultural office in Phoenix this week, backing a growing Taiwanese community tied to TSMC's $265 billion investment in Arizona chip manufacturing, despite formal objections from China.

Economy

Executive Profile: Inside the Mind of Dr. Jules Konan, the Engineer Reshaping West Africa’s Infrastructure.

ABIDJAN, CÔTE D'IVOIRE , In the rapidly evolving landscape of African infrastructure, few leaders bridge the gap between academic precision and gritty, on-the-ground execution quite like Dr. Jules KO…

Culture

Jim Kavanaugh, founder and CEO of World Wide Technology, smiling in an office setting

Billionaire Tech CEO Who Once Checked the Parking Lot on Fridays Now Says Trust Beats Office Mandates

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Private Hiring Rises in September as Construction and Manufacturing Lead a Skilled Trades Push

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The U.S. Economy Is Outrunning Its Borrowing Costs, but Economists Warn the Margin Is Thin

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Editor's Picks

Economy

Bessent Doubles Treasury Bond Buybacks as 30 Year Yields Near 20 Year Highs

Treasury Secretary Scott Bessent has doubled the size of the government's bond buyback operations as long dated yields climb, a move he calls liquidity management but that critics say raises questions about timing and precedent.

President Donald Trump speaking during an event

Politics

Trump Announces AI Force, Rejects Calls to Slow AI Development

President Trump announced plans for a new AI Force and a reshuffled advisory structure for AI policy, dismissing recent industry calls to slow AI development as politically motivated.

Warren Buffett and Howard Buffett sitting together and smiling during a television interview

Economy

Howard Buffett Named Berkshire Hathaway Chairman as Father Warren Steps Down

Warren Buffett has stepped down as chairman of Berkshire Hathaway, handing the role to his son Howard while Greg Abel continues running the company's day to day operations.

Culture

A damaged rooftop structure at a U.S. military facility with a worker inspecting the wreckage

Politics

Pentagon Report Details $37.5 Billion in Damage From Iran-U.S. Conflict

A Pentagon inspector general report has laid out the physical and financial toll of the ongoing conflict between the United States and Iran, putting the total cost of the war at $37.5 billion as of late July.

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Trump Pledges $5,000 'Dividend' to Americans if Republicans Hold Congress in Midterms

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U.S. Interest Payments on the National Debt Top $1.25 Trillion, Breaking a 1991 Record

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Workers' Share of U.S. Income Falls to Lowest Level Since 1947, Even Before AI Gains Arrive

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Norway's $2.3 Trillion Wealth Fund Moves to Cut $80 Billion From U.S. Treasury Holdings

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Latest Business News

Black and white archival photo of gold bars stacked in a bank vault

Economy

Dutch Central Bank Shifts 86 Tons of Gold From the U.S. and Canada to London

The Netherlands has quietly relocated 86 tons of gold out of vaults in New York and Ottawa and into the Bank of England in London, part of a broader pattern of European central banks moving bullion closer to home as concerns grow over U.S. fiscal health.

Politics

Americans Are Watching, China Is on the Edge, and Israel Is Developing: The Rise of the Givati Drone Center

In the global race to dominate the future of unmanned defense technology, a new player is emerging from an unexpected place: the Givati Brigade Association. As Washington monitors the pace of drone i…

An oil pump jack behind a fence painted with the colors of the Venezuelan flag in Caracas.

Politics

Trump Calls Venezuela Oil Deal the Biggest in History, but Critics See Cronyism

The agreement would give the US majority control over 17 Venezuelan oilfields holding more than 65 billion barrels of reserves, but analysts say the arrangement's ownership structure looks more like old style resource extraction than a clean energy partnership.

Global Markets

Benchmarks

S&P 500	7,663.43	(-0.64%)
Dow Jones	52,867.98	(+0.71%)
Nasdaq	26,008.86	(-1.57%)
US Dollar Index	101.57	(-0.21%)

Most Traded

AppleAAPL	348.22	(+2.57%)
MicrosoftMSFT	521.08	(-2.03%)
NvidiaNVDA	212.21	(-1.97%)
AmazonAMZN	250.38	(-4.66%)
AlphabetGOOGL	324.22	(-4.72%)
JPMorgan ChaseJPM	336.54	(+0.38%)
ExxonMobilXOM	178.23	(+0.21%)

Market closed. Euronext close 2026-10-22. Source: Yahoo Finance

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Air Force One and fighter jet escorts fly over the U.S. Capitol during Freedom 250 festivities in Washington.

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