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U.S. Treasury will have to borrow $2 trillion this year just to continue functioning—more than $166 billion every month - Fortune
business 2026/05/07 10:46:00

U.S. Treasury will have to borrow $2 trillion this year just to continue functioning—more than $166 billion every month - Fortune

The OMB expected the FY 2026 to run at a deficit of $2.06 trillion, higher than estimates from the likes of the Congressional Budget Office (CBO).

Fortune
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Arm stock slides as chip supply worries overshadow upbeat AI-fueled revenue forecast - Yahoo Finance Singapore
business 2026/05/07 10:03:43

Arm stock slides as chip supply worries overshadow upbeat AI-fueled revenue forecast - Yahoo Finance Singapore

Arm Holdings forecast first-quarter revenue above Wall Street expectations on Wednesday, benefiting from higher adoption of its chip technology as tech…

Yahoo Entertainment
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S&P 500 futures edge higher after index posts another record; traders eye developments in Iran: Live updates - CNBC
business 2026/05/07 08:19:00

S&P 500 futures edge higher after index posts another record; traders eye developments in Iran: Live updates - CNBC

The S&P 500 and Nasdaq Composite rallied yet again to new intraday and record closing highs on Wednesday.

CNBC
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Hopes for reopening the Strait of Hormuz push world shares higher, as Brent crude holds above $100 - AP News
business 2026/05/07 07:35:00

Hopes for reopening the Strait of Hormuz push world shares higher, as Brent crude holds above $100 - AP News

World shares have advanced, with Tokyo’s Nikkei 225 up nearly 6%. The price of Brent crude was holding above $100 a barrel early Thursday, however, as investors waited to see if the U.S. and Iran will strike a deal allowing tankers to deliver crude from the P…

Associated Press
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Trump reportedly pressed FDA chief to authorize mango and blueberry vapes after years of rejection - Fortune
business 2026/05/07 07:18:00

Trump reportedly pressed FDA chief to authorize mango and blueberry vapes after years of rejection - Fortune

Trump previously said he would ban flavored vapes in 2019.

Fortune
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Shell tops profit estimates as Iran war boosts oil price, cuts share buybacks - CNBC
business 2026/05/07 06:02:54

Shell tops profit estimates as Iran war boosts oil price, cuts share buybacks - CNBC

Britain’s Shell posted stronger-than-expected quarterly profit as the Iran war sent fossil fuel prices soaring.

CNBC
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