Money - Frontal Report

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Oklahoma Families Faced the Hottest Summer Ever and an Electricity Crisis

Oct 18, 2026

Record heat and a rising demand for electricity are closing in on Oklahoma families trying to keep the lights on and the AC running.

Gleaning group gives £1m of produce to food banks

Oct 18, 2026

What is the Budget and what could be in it?

Oct 18, 2026

3 Charts That Explain the Economy as Voters Head to the Polls

Oct 18, 2026

United’s C.E.O. Says It Should Cost More Not to Sit in the Middle Seat

Oct 18, 2026

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Oct 18, 2026

Turning the tides: Could hidden sea power energise our coastal towns?

Engineer David Mummery has developed a tidal energy generator that he says can change lives for people living in coastal communities.

Oct 18, 2026

'I took a chance on the whisky industry and I haven't looked back'

Oct 18, 2026

Heating oil customers face tough winter

Oct 18, 2026

There's a crackdown on sports piracy - but is it already out of control?

Oct 17, 2026

Trump Offers Putin Economic Relief in Hopes That Russia Will Return the Favor

Interesting Read

Elizabeth Holmes Documentary ‘You Can See Everything’ Opens to Over 2,000 Sold-Out Shows

“You Can See Everything,” a documentary about the Theranos founder, made a big splash for a movie not yet in wide release. And Netflix had a box office milestone.

Oct 18, 2026

Software’s new consolidator gets big vote of confidence from Berkshire

Less than four months into life as a public company, Bending Spoons got a big vote of confidence this week from Berkshire Hathaway.

Oct 17, 2026

'Dead money’ for a decade: Why this hedge fund approach may deliver an advantage over bonds

Investors may want to rethink their bond allocation and opt for managed futures exposure.

Oct 17, 2026

US budget deficit balloons to highest in five years

The US budget deficit grew to almost US$2 trillion over the past year, government data showed Friday, reaching its highest level since 2021 despite President Donald Trump's promises to cut public spending and red ink. The deficit, which occurs when government spending exceeds its revenues, rose to US$1.99 trillion in fiscal year 2026, the Treasury Department said. This marked a 12-percent increase from the prior year, when the shortfall came in at US$1.78 trillion. A key driver of expenditures was the rising interest paid on public debt, which jumped US$144 billion, to a record US$1.36 trillion. Interest costs on around US$32 trillion in publicly held US debt have been ballooning in recent years, and climbing bond yields have fuelled further concerns. Meanwhile, an expected influx of revenue from Trump's sweeping tariffs failed to fully materialise during his second term. The Supreme Court struck down his global duties in February, triggering a wave of refunds. Treasury data released Friday reflected US$145 billion in customs refunds over the year — primarily due to tariffs — erasing significant gains from Trump's duties. Overall, government revenues climbed by three percent to US$5.40 trillion in the latest fiscal year, which ended September 30. But spending was much higher, rising by six percent to US$7.40 trillion. The Trump administration has pledged to slash deficits and government spending since he returned to the White House last year. Besides slashing the federal workforce and foreign aid, the Republican-controlled Congress pushed through cuts to the Medicaid health insurance scheme and moved to shrink the federal food assistance programme too. But they also extended expiring tax cuts and provided fresh funding for Trump's migrant deportation drive. The latest data released Friday showed that upticks in tax collection from individuals and customs revenues were offset by higher refunds and lower corporate tax collection. Among other sectors, spending on on defence military programmes increased by US$48 billion, or six percent, over the year to US$917 billion. Taken together, a Treasury official estimates the US deficit-to-GDP ratio is around 6.2 percent, up from 5.8 percent last year. This stands in contrast to Treasury Secretary Scott Bessent's previously stated goal of bringing the deficit down to three percent of GDP, alongside other targets like spurring economic growth of three percent. The latest budget figures come around two weeks before US midterm elections, where Trump's Republican Party is trying to retain control of Congress. Ahead of the crucial vote, both Republicans and Democrats have raised ideas that could widen the budget shortfall further. Trump recently promised US$5,000 to every American adult if Republicans maintained control of Congress, a plan that would cost over US$1 trillion. Democrats say they are looking to reverse Medicaid cuts and revive health care tax breaks. (AFP) Edited by Tony Sabine

Oct 17, 2026

AI jitters, higher oil prices rattle US markets

US markets ended sharply lower on Friday, with CoreWeave, Broadcom and other AI-related technology stocks under renewed pressure, while a jump in oil prices spooked traders heading ⁠into the weekend. The Nasdaq extended losses from earlier in the week, hammered by concerns that debt-laden AI infrastructure companies may not turn profits in time to repay debts, particularly with borrowing costs expected to rise. The S&P 500 lost 84 points, or 1.1 percent, to 7,659 points, the Nasdaq Composite lost 573 points, or 2.2 percent, to 26,140. The Dow Jones ⁠Industrial Average fell 175 points, or 0.3 percent, to 52,002. Investors were also watching oil prices jump more than three percent due to Middle East supply worries. "There is some fear in the market," said Rob ⁠Haworth, senior investment strategist at US Bank Wealth Management in Seattle. "High oil prices, in particular, ⁠tend to weigh on the price/earnings ⁠multiple of stocks, and so I think you have investors looking to be cautious into the weekend rather than take more risk." Adding to concerns around AI financing, some current Anthropic ⁠investors and prospective investors are weighing a lower valuation for the company in its upcoming IPO, Reuters reported, citing people familiar with the matter. Third-quarter earnings season shifts into gear next week with reports from Tesla, Meta Platforms and Procter & Gamble. Analysts on average see quarterly earnings surging more than 30 percent, driven by AI-related megacaps, according to LSEG data. While the S&P 500 remains up about 12 percent in 2025, most of that gain has come from AI-related tech stocks. Hotter-than-expected consumer and producer inflation reports this week showed price pressures were extending beyond energy commodities. Federal ⁠Reserve Chair Kevin Warsh on Friday voiced optimism about US economic strength and surprise about how well global economies have been "hanging in there" during a lingering energy shock and tighter monetary policy to fight inflation. Markets increasingly expect the Fed to keep interest rates unchanged this month. Barclays now expects 25-basis-point hikes each in December and January. Tesla dropped after the electric-vehicle maker unveiled a redesigned Roadster, powered by rocket-style thrusters, developed in collaboration with SpaceX. (Reuters) Edited by Tony Sabine

Oct 16, 2026

Lufthansa’s Final A346 Flight Marks the End of an Aviation Love Story

Lufthansa’s quirky plane, with its extra-long fuselage, four engines and restrooms down a flight of stairs, has a devoted following. Now, the carrier, one of few still flying the model, is taking it out of service.

Oct 16, 2026

U.S. presses China on Mastercard, Citigroup market access in bilateral Bangkok talks, official says

The U.S. raised market access issues for Mastercard and Citigroup in China during bilateral meetings in Bangkok this week, a U.S. Treasury official says.

Oct 16, 2026

Stocks making the biggest moves midday: CoreWeave, Moog, J.B. Hunt, Alcoa & more

These are the stocks posting the largest moves midday.

Oct 16, 2026

You’ve Found a Long-Lost CD. Can You Still Get Your Money?

The bank was required to hold the certificate of deposit only for a limited time, and now has no record of the money. Experts offer tips to avoid having this happen to you.

Oct 16, 2026

How day of protests unfolded as disorder breaks out across France

Oct 17, 2026

Featured News

Oklahoma Families Faced the Hottest Summer Ever and an Electricity Crisis

Gleaning group gives £1m of produce to food banks

What is the Budget and what could be in it?

3 Charts That Explain the Economy as Voters Head to the Polls

United’s C.E.O. Says It Should Cost More Not to Sit in the Middle Seat

Latest News

Turning the tides: Could hidden sea power energise our coastal towns?

'I took a chance on the whisky industry and I haven't looked back'

Heating oil customers face tough winter

There's a crackdown on sports piracy - but is it already out of control?

Trump Offers Putin Economic Relief in Hopes That Russia Will Return the Favor

Interesting Read

How day of protests unfolded as disorder breaks out across France

M.L.B. Playoff Ads With Sydney Sweeney and Megan Fox Draw Backlash

Weak Links Start to Show in A.I. Borrowing

The Reporter Who Exposed Elizabeth Holmes on Nathan Fielder’s Documentary

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Low-cost clinic helps pet owners with vet bills

APEC 2026: 30 days to go until Shenzhen hosts world leaders

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