US Deficit Tops $1.1 Trillion For First Six Months Of Fiscal 2024 As Spending Hits 2024 High It's oddly fitting that in a time when the interest on US debt just hit a record $1.1 trillion, that the US deficit for just the first six months of fiscal 2024 is also $1.1 trillion. According to the latest Treasury Monthly Statement, in March the US deficit hit $236 billion, some $40 billion more than the $196 billion expected, if below February's $296 billion which was the result of...
Global Military Spending Hits All-Time High Of $2.4 Trillion By Tim Martin at BreakingDefense Global military expenditure surged to a record $2.44 trillion in 2023, the largest year-on-year rise on weapons spending since 2009, according to a new Stockholm International Peace Research Institute (SIPRI) report. The report, published today, said that the new figure is an “all time high,” equivalent to a 6.8 percent increase on spending in 2022 and marking the ninth consecutive...
A new report analyzing the next three decades forecasts a country paralyzed by the economic and fiscal costs of servicing its debt.
BlackRock's assets under management surged 15% year-on-year to a record $10.5 trillion in the first quarter, as more people trusted the company to put their cash to work and markets performed well.The Wall Street titan grew its AUM by $1.4 trillion in 12 months, its first-quarter earnings revealed on Friday. The increase reflected a big net inflow of client funds and a positive market backdrop.BlackRock's revenue increased 11% to $4.7 billion, which helped boost its operating income by 18% to...
Cybercrime is on an unprecedented rise. A new Statista Market Insights survey predicts that the annual cost of cyberattacks will reach $9.2 trillion this year. The figure surpasses even the revenues of some of the largest corporations in the world. More than 24 times that of Apple’s 2023 yearly revenue. This makes cybercrime one of the largest illegal economies globally. 9to5Mac Security Bite is exclusively brought to you by Mosyle, the only Apple Unified Platform. Making Apple devices...
BlackRock Inc.’s long-term investment funds took in $76 billion of net inflows in the first quarter, helping to push the world’s largest money manager to a record $10.5 trillion of client assets.
Yuval RosenbergApril 23, 2024We told you earlier this month that global defense spending had reached a record $2.2 trillion last year. A study
The US remains the world’s largest defense spender, outlaying $916 billion last year, a 2.3 percent annual increase, ahead of China in second place, which spent an estimated $296 billion, a 6 percent increase over the same period.
In an effort to level the playing field for young people, in the 2024 federal budget, the government is targeting Canada's highest earners with new taxes in order to help offset billions in new spending to enhance the country's housing supply and social supports. Aiming to give Canadian millennials and Generation Z "a fair chance at a middle class life," Deputy Prime Minister and Finance Minister Chrystia Freeland's budget outlines how the Liberals plan to allocate $39.2 billion in net-new...
Foreign holdings of U.S. Treasuries surged to a record in February, its fifth straight monthly rise, Treasury Department data released on Wednesday showed. Holdings totaled $7.965 trillion, up from a revised $7.945 trillion in January. Treasuries owned by foreigners rose 8.7% from a year earlier.
Manchester United are seventh in the table after 2-2 draw with Bournemouth. Ten Hag stormed out after being questioned about setting unwanted club record. IAN LADYMAN and CHRIS SUTTON have their say on the Premier League's Player of the Year - Listen to the
Data released by Office for National Statistics (ONS) showed concerning trend. Long-term sickness accounted for 30.1 per cent of all 16 to 64-year-olds. Being off work for long periods risked 'scarring careers' for younger workers