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Treasury Refunding Preview The US Treasury announced it expects to borrow $569BN in privately-held net marketable debt in the Oct-Dec quarter down from the $590BN it projected for Q4 in July. The lower estimate is due to higher start of quarter cash balance, partially offset by lower projected net cash flows. The projection still assumes an end-Dec cash balance of $850BN, albeit some had been looking for this to increase to $900BN. Looking ahead to Q1 '26 (Jan-Mar), the Treasury expects to borrow $578BN, assuming an end-March cash balance of $850BN. During the July-September 2025 quarter, the Treasury borrowed $1.058TN in privately-held net marketable debt and ended the quarter with a cash balance of $891BN. In July 2025, Treasury estimated bo

ADP Employment Report Shows Labor Market Rebound In October Following the new weekly update of ADP's employment report showing a rebound to job additions after two straight month of declines, analysts expected a 30k rise in jobs for October's monthly report. And analysts were right with ADP reporting 42k jobs added in October (better than expected)

Futures Rebound From Session Lows As Government Shutdown Becomes Longest Ever Welcome to day 36 of the government shutdown which officially makes it the longest shut down in history. Futures are trading moderately lower, following weaker Asian and European sessions, but well off session lows as Japan retraced nearly 50% of its losses during the session. As of 8:00am ET, S&P futures are down 0.2% having earlier slid far more following Tuesday’s 1.2% slump as technology shares dragged stocks lower globally; Nasdaq futures are down 0.1%, also recovering most of their losses. In premarket trading, Mag 7 stocks are mixed with Semis weaker. Confirming just how dented upward momentum is, many of the larger Tech companies that reported last night are weaker this morni

Recession Watch: Could The Next One Be Right Around The Corner Authored by Carlo Putti via BondVigilantes.com, Recessions often appear crystal clear when analysed in retrospect. It’s easy to sit back, glance at the Bloomberg screen, and spot the evident recession we had in 2008 or the dot-com bubble of 2000. However, discerning whether an economy is on the brink of a recession, or even if it is already are in one, is considerably more challenging. Recessions often become obvious only once they are well underway, and by then, significant economic damage may have occurred. For instance, during

Democrats Conveniently Weigh Ending Record Shutdown After Socialist Wins NYC Mayoral Race A report overnight suggests that several moderate Senate Democrats are prepared to break ranks and vote to end what has become the longest U.S. government shutdown in history. The push to reopen the government comes conveniently after major victories for Democrats in Tuesday's elections, including socialist Zohran Mamdani becoming New York City's next mayor, and Abigail Spanberger and Mikie Sherrill winning their respective gubernatorial races in Virginia and New Jersey.

Britain "Doomed" Under Labour As Wealthy Scramble To "Get The Hell Out Of London", Ryanair Boss Warns Authored by John-Paul Ford Rojas via ThisIsMoney.co.uk, The UK is doomed under Labour, the boss of Ryanair has warned as he claimed wealthy people were scrambling to ‘get the hell out of London’ before being hit by a Budget tax raid. Michael O’Leary said he had no faith in the Chancellor’s ability to restore growth and branded her tax policies ‘dumb’. The comments came amid reports that Rachel Reeves is planning to target the wealthy with a mans

Americans Are Cautiously Optimistic About AI Ever since ChatGPT was publicly released in November 2022, artificial intelligence (AI) has rapidly evolved right in front of our eyes. Having long been a buzzword describing a futuristic concept, AI in 2025 has become a transformative force shaping industries, education, healthcare and, to a growing extent, our daily lives. Proponents of the technology think that AI has almost limitless potential and will ultimately help humanity tackle and solve complex challenges such as climate change, disease prevention and resource ma

Seven Killed After UPS Cargo Jet Crashes Near Louisville Airport Update (0640ET): Late Tuesday, a McDonnell Douglas MD-11 cargo jet operated by UPS suffered a catastrophic engine fire while taking off from Louisville Muhammad Ali International Airport. The aircraft failed to generate enough lift and crashed into an industrial park near the airport, killing three crew members and at least seven people on the ground. UPS Flight 2976 was on a straight-out departure from Louisville when one engine burst into flames. It reached about 175 feet in altitude before plunging into a fiery explosion just beyond the runway around 5:15 p.m. local time."

RFK Jr. Calls For Global Ban On Mercury In Vaccines Authored by Naveen Athrappully via The Epoch Times (emphasis ours), All countries should remove mercury from vaccines following the precedent set by the United States, Health Secretary Robert F. Kennedy Jr. said via a video address during the Nov. 3 meeting of the Minamata Convention on Mercury in Geneva, Switzerland.

These Are The World's Most Militarized Economies In 2024, the U.S., China, and Russia were the top countries by military spending, representing more than half of the global total. Overall, global military expenditures hit a record $2.7 trillion, a 9.4% increase over the year. Amid rising geopolitical tensions, all five regions of the world increased their military spending for the second consecutive year. This graphic, via Visual Capitalist's Dorothy Neufeld, shows the most militarized countries across three metrics, based on data from the