WASHINGTON (7News) — The U.S. national debt surpassed a record $40 trillion this week, a figure that economists and lawmakers expect to continue rising. Data from the Joint Economic Committee of the US Congress reveals that debt grew at a staggering rate of $90,000 per second over the past year. 19-year-old illegal immigrant arrested after … Read more
Treasury Secretary Scott Bessent acted Wednesday to prevent a potentially destabilizing rise in the government’s borrowing costs, doubling the size of a planned public debt buyback to $4 billion. The move caused the yield on the 30-year Treasury bond, which influences lending rates to businesses and consumers, to fall a day after reaching its highest … Read more
President Donald Trump spoke Wednesday at a White House meeting of top financial and cryptocurrency industry executives ahead of the Commodity Future Trading Commission’s Innovation Advisory Committee meeting on Thursday. The Clarity Act will finally get its vote in the Senate in September, Sen. Cynthia Lummis confirmed Tuesday. But regulators are getting the upper hand … Read more
Federal Reserve officials indicated at their last meeting that they would need to raise interest rates soon unless there was more progress in reducing inflation, minutes released Wednesday showed. “Many participants assessed that tightening policy would probably be necessary if inflation did not decline,” said the summary of the meeting, held on July 28 and … Read more
Pharmaceutical giants Moderna and Merck said Wednesday that an experimental vaccine treatment has shown signs of preventing the cancer from coming back or spreading in a study of high-risk melanoma patients. The companies did not publish their results in a peer-reviewed journal or release the new data, but instead said they will be presented at … Read more
Traders work on the floor of the New York Stock Exchange. NYSE The Dow Jones Industrial Average rose on Wednesday as Treasury yields fell after the Treasury Department announced a larger buyback of longer-term debt. The Dow Jones, made up of 30 stocks, added 263 points, or 0.5%. The S&P 500 rose 0.3%, while the … Read more
After cutting prices and overhauling its merchandise department, retailer Target (TGT) did its part for the second quarter in a row to signal that its worst days in 2024 and 2025 are in the rearview mirror. The retailer delivered another strong result compared to estimates. Sales increased across all merchandise departments, led by beauty and … Read more
In a global first, LandSpace, China’s leading commercial rocket company, recovered a stainless steel booster after an orbital launch, marking an important step in the country’s efforts to develop lower-cost, reusable rockets. It is also the first country that manages to recover orbital launch through different technological routes, implementing a two-track strategy that even the … Read more
Chinese robotics giant Unitree soars in stock market debut bbc.com Pullback Chinese robot maker Unitree gains 542% in Shanghai debut CNBC Unitree’s blockbuster debut puts billionaire founder among China’s richest tech tycoons Forbes Chinese humanoid robot maker rises 600% in trading debut Financial Times Unitree’s massive 629% IPO makes agility robotics look super cheap Forbes
When people talk about notable sites in Marin County, the discussion usually centers on southern cities, such as Sausalito and Tiburon, or coastal stretches, including Point Reyes National Seashore. Novato, with its inland location flanking Petaluma, doesn’t make the cut as often, but it should. The city of about 52,000 has a host of important … Read more