Uncle Sam ends fiscal year 2025 $1.8 trillion in the red
The federal government will tally a deficit of $1.8 trillion for the just-completed fiscal year, the Congressional Budget Office projected Wednesday. Source link
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Trillion
Stablecoins could suck US$1 trillion from emerging-market banks in next three years: Standard Chartered
The boom in US dollar-backed stablecoins, helped by President Donald Trump’s crypto policies, could suck US$1 trillion worth of deposits out of emerging economy banks in the next few…
Indonesia mulls moving up to 10 trillion rupiah per lender to regional banks to boost growth
The first two recipients could be Bank of Jakarta and East Java’s Bank Pembangunan Daerah Jawa Timur Indonesia is considering moving up to 10 trillion rupiah (S$780 million) per lender to…
Toyota Industries 4.7 trillion yen buyout plan faces antitrust delays
Toyota Motor chairman Akio Toyoda’s proposal to buy out Toyota Industries for 4.7 trillion yen (S$40.5 billion) has been delayed because the approval process under antitrust laws in…
Elon Musk’s US$1 trillion pay plan faces pushback from investors, state officials
Despite reporting record quarterly deliveries, Tesla faces worries that the expiration of the US EV tax credit could turn the buying rush into a trickle [AUSTIN, Texas] A group of Tesla…
VPBank Securities aims to raise 12.7 trillion dong in IPO this month
VPBank Securities, a stock brokerage firm owned by Vietnam Prosperity Bank, aims to raise 12.7 trillion dong (S$622 million) in an initial public offering (IPO) later this month, the bank…
What does 11.9 trillion rupiah in cash look like? For Wilmar, it could spell trouble
Loss of the ‘security deposit’ in relation to an Indonesian probe could account for a 65% drop in FY2025 earnings, according to DBS and RHB estimates It was an astounding sight, when…
Alibaba launches Qwen3-Max AI model with more than one trillion parameters
The company has announced plans to invest 380 billion yuan in artificial intelligence-related infrastructure over the next three years Chinese e-commerce giant Alibaba announced on…
China banks amped up 72 trillion yuan bond bet just as market peaked
It comes at a risky time as the nation’s bond market is about to wipe out this year’s advance Just as China’s long bull run for bonds is fading, the nation’s banks have loaded up on…
Alphabet hits US$3 trillion in market capitalisation for first time
Class A shares of the company were up 4.6% at US$251.88, while Class C shares climbed 4.5% to US$252.3 Google-parent Alphabet hit a market capitalisation of US$3 trillion for the first…
Alphabet enters US$3 trillion market cap club as Big Tech’s AI momentum builds
Technology and AI-linked stocks have powered Wall Street’s main indexes to record highs lately amid growing hopes that the US Federal Reserve will cut interest rates later this week Google…
Oracle marches toward US$1 trillion club; tech stocks cheer
The stock’s gains also put co-founder Larry Ellison on course to beat Elon Musk as the world’s richest man Oracle’s shares rose on Thursday (Sep 11), adding to a record run in the previous…
Oracle retreats after record run towards US$1 trillion club on AI cloud boom
Oracle shares retreated on Thursday (Sep 11) after a record AI-driven surge in the previous session that brought the company closer to the trillion-dollar mark and put co-founder Larry…
China’s US$4.5 trillion flows mark tipping point in market opening
A world-beating stock market rally has led the recent surge in two-way financial flows, which surged to an unprecedented US$4.5 trillion in the first seven months of the year “Made in…
Oracle expects half a trillion dollars in booked cloud orders, stock rises 27%
Oracle said on Tuesday (Sep 9) it expects booked revenue at its Oracle Cloud Infrastructure business to exceed half a trillion dollars, boosted by growing demand for its relatively…
How does Tesla get to US$8.5 trillion value? Robots, robotaxis and hope
How can Tesla become an US$8.5 trillion company? That is the market valuation the electric vehicle maker would have to reach to justify CEO Elon Musk’s new pay package announced last week.…
Tesla Board Proposes $1 Trillion Pay Package That Could Make Elon Musk the First Trillionaire
Elon Musk, Tesla CEO, is on track to become the world's first trillionaire. The company's board revealed a huge new pay package that could lead to Musk and Tesla being paid $1 trillion if…
Elon Musk’s $1 trillion Tesla pay package: Here are the major caveats
The world’s richest man, Elon Musk, stands to get a lot richer in the decade ahead—perhaps. That’s because his largest and only publicly traded company has put together a proposal that, if…
Tesla offers unprecedented US$1 trillion pay package to Musk
Tesla proposed a new compensation agreement for chief executive officer Elon Musk potentially worth around US$1 trillion, a massive package without precedent in corporate America. The…
Tesla offers unprecedented US$1 trillion pay package to Elon Musk
The additional shares Musk could receive would push his stake in the EV maker to at least 25% [AUSTIN, Texas] Tesla proposed a new compensation agreement for chief executive…
Citi expects global digital asset trades to hit US$2 trillion a day; DBS sees volume surge in H1
In a white paper released this week, Citi projected that in five years, the world will see US$2 trillion in digital assets held or traded in a single day. The figure, which excludes…
Crypto finds gateway into Australia’s A$4.3 trillion pensions pot
Australia’s A$4.3 trillion (S$2.8 trillion) retirement system, long regarded as one of the world’s best-regulated savings pools, is emerging as a new frontier for crypto. Coinbase Global…
Danantara seeking 50 trillion rupiah in bonds from ‘patriot’ investors
Indonesia’s sovereign wealth fund has reported US$1 trillion in assets under management, and oversees nearly 900 state firms Indonesia’s newly established sovereign wealth fund…
China’s US$11 trillion stock market is a headache for both Xi and Trump
At the heart of why consumers in China save so much and spend so little, and why Xi Jinping and Donald Trump will struggle to change that behaviour even if they want to, lies the country’s…