Shutdown is costing U.S. economy $7 billion per month, budget office says
WASHINGTON — The U.S. government shutdown is costing the economy about $7 billion per month that won’t be recovered when it reopens, according to a new report by the nonpartisan Congressional Budget Office.
In a letter to House Budget Committee Chair Jodey Arrington, R-Texas, the CBO offered estimates for three scenarios regarding the length of the shutdown,
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Read MoreA Trump-Xi trade deal won’t fix either country’s economy
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Read MoreAnalysts Stay Bullish on AMD as AI GPU Momentum Builds Ahead of Earnings
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!
AI is eating the world—and the machines behind it are ravenous.
Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy.
» Read more about: Analysts Stay Bullish on AMD as AI GPU Momentum Builds Ahead of Earnings »
Read MoreNTT Data Intramart (TSE:3850) Margin Improvement Reinforces Bullish Narratives Despite Premium Valuation
NTT Data Intramart (TSE:3850) delivered net profit margins of 5.4%, improving from 3.8% last year, with earnings soaring 60.7% year-over-year. This is far above the company’s five-year average growth of 9.5% annually. Revenue is projected to rise 6.5% per year, outpacing the broader JP market’s 4.5% forecast, while earnings are expected to keep climbing at 27.6% per year compared to 7.9% for the market.
MGM sells Ohio casino, tells Wall St. it’s happy with its regional sites like Springfield
- Updated: Oct. 30, 2025, 2:49 p.m.
- Published: Oct. 30, 2025, 2:48 p.m.
The Burst
Why Warren Buffett Loaded Up on Heico
Berkshire Hathaway quietly raised its stake in Heico by over 11% last quarter, bringing its total position to about 1.3 million shares. That move turned heads because Heico isn’t a typical Buffett pick. It’s not cheap by traditional value metrics, and it doesn’t sell iconic brands like Coca-Cola or Geico.
So why did Berkshire,
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Read MoreThe Ivy
Is SoFi The Next Fintech Powerhouse?
SoFi Technologies has evolved far beyond its origins as a student loan refinancer. Today, it’s a full-fledged digital financial platform offering everything from brokerage accounts to mortgages, all through a single app.
That simplicity and accessibility have made SoFi a go-to brand for Millennials and Gen Z, who increasingly prefer managing their finances entirely online.
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Read MoreThe Spotlight
Berkshire’s $9.7 Billion OxyChem Deal Means What?
Buffett’s firm has spent years amassing a giant stake in Occidental Petroleum (NYSE: OXY), starting with a $10 billion preferred stock and warrant package in 2019 that helped Occidental fund its acquisition of Anadarko.
By mid-2025, Berkshire had built that into a 32.7% equity position, making OXY one of its six largest holdings.
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