Business

US fiscal 2026 budget deficit rises to $1.99 trillion, largest in 5 years

US fiscal 2026 budget deficit rises to $1.99 trillion, largest in 5 years

Oct 16 (Reuters) - The US budget deficit rose by $217 billion to $1.99 trillion in the 2026 fiscal year,…

October 16, 2026

S&P 500, Nasdaq set for steep weekly losses as AI jitters rattle investors

By Tharuniyaa Lakshmi and Purvi Agarwal Oct 16 (Reuters) - The benchmark S&P 500 and Nasdaq were set to end…

October 16, 2026

Oil prices gain more than 3%, heading for weekly gain with focus on Middle East supply

By Arathy Somasekhar HOUSTON, Oct 16 (Reuters) - Oil prices gained more than 3% and were heading for weekly gains…

October 16, 2026

Led by Ex-Angry Birds Executive, Xtendr Launches bitom, a Platform Bringing New Dimensions to Brand Engagement and Licensing

bits meeting atoms: Bringing Digital Intelligence into the Physical World. Gurugram (Haryana) [India], October 15: Xtendr, a leading tech, design,…

October 16, 2026

Central bankers eye higher rates as AI boom fuels scramble for cash

By Francesco Canepa, Leika Kihara and Rae Wee BANGKOK, Oct 16 (Reuters) - The artificial intelligence boom is setting off…

October 16, 2026

Cotecna Group Acquires Energon Labs, Strengthening Global Pharmaceutical Testing Capabilities and Expanding its Presence in India

Geneva [Switzerland], October 16: Cotecna, a leading provider of Testing, Inspection and Certification (TIC) services, today announced the acquisition of…

October 16, 2026

Analysis-Indonesia faces rare MSCI exclusion that could cut it off from global capital

By Ankur Banerjee, Yantoultra Ngui and Karin Strohecker SINGAPORE/HONG KONG/LONDON, Oct 16 (Reuters) - A warning from MSCI that it…

October 16, 2026

Analysis-SpaceX's spectrum deal still leaves it far from rivaling telecom giants

By Harshita Mary Varghese Oct 16 (Reuters) - SpaceX called its recent multibillion-dollar purchase of US airwaves a critical step…

October 16, 2026

KFC picks Coca-Cola as US soda supplier, ditches longtime partner PepsiCo (Oct 15)

(Corrects paragraph 10 to remove reference to PepsiCo losing Dunkin deal to Coca-Cola) By Juveria Tabassum Oct 15 (Reuters) -…

October 16, 2026

NY Fed service sector survey finds notable price pressures

By Michael S. Derby Oct 16 (Reuters) - Service sector business leaders reported widespread pricing woes in October and a…

October 16, 2026