Hungary finance minister says 2026 deficit would reach 7.5% of GDP

An emergency expense doesn’t need to overwhelm a household budget to create a credit problem. For subprime consumers, a medical bill, car repair or veterinary expense can redirect enough cash to jeopardize a payment, putting hard-won credit progress at risk. Credit issuers are, in those cases, trying to understand a customer population too often reduced…

The S&P 500 Index ($SPX) (SPY) closed up by +0.51% on Friday, the Dow Jones Industrial Average ($DOWI) (DIA) closed up by +0.93%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.42%.  December E-mini S&P futures (ESZ26) rose +0.47%, and December E-mini Nasdaq futures (NQZ26) rose +0.39%. Stock indexes settled higher on Friday amid a slide in crude…

Chinese President Xi Jinping’s decision to arrive in Washington without a visible business delegation has become one of the sharpest signals around his latest meeting with US President Donald Trump. The talks are expected to cover trade, artificial intelligence and the conflict involving Iran, but the absence of Chinese CEOs has drawn attention from investors…

Federal Reserve Gov. Michael Barr said artificial intelligence has not yet had a material impact on the labor market, but governments and businesses should be prepared nonetheless.

The new law puts it to rest. When a mortgage is modified in the ways the bill spells out, it keeps securing the debt as changed, and its priority does not move. The change is not a novation – a legal reset that treats the deal as a fresh obligation. Priority holds even if no…

Oil Prices Surge on Red Sea Shipping Attacks and Kazakhstan Output Cuts By Colleen Howe Global Oil Markets React to Geopolitical Tensions and Supply Disruptions Red Sea Shipping Attacks Drive Oil Price Surge BEIJING, July 24 (Reuters) – Oil headed for weekly gains on Friday, as Houthi attacks on tankers in the Red Sea sparked…