Wall Street Next

latest news in economy

Michael Burry Warns High Stock Prices Hide Deep Market Weakness

New York, Sunday, 18 October 2026.
Famed investor Michael Burry warns that record stock index highs mask severe underlying weaknesses, pointing to extreme market concentration and speculation as signs of impending, long-term real losses.

Utah Leads Trade Delegation to Ireland to Expand Global Tech and Health Partnerships

Salt Lake City, Sunday, 18 October 2026.
Utah Governor Spencer Cox leads a trade delegation to Ireland this October, aiming to advance cross-border research and business partnerships in quantum computing, life sciences, and digital technology.

Corporate Profits Surge as Major Companies Report Strong Growth

New York, Sunday, 18 October 2026.
S&P 500 companies are reporting a massive 29% profit increase for the third quarter, marking a third consecutive period of extraordinary corporate growth driven by technology.

New Tool Predicts Specific Damages From Future Fossil Fuel Projects

London, Saturday, 17 October 2026.
Climate scientists have launched a tool that predicts precise environmental and human damage caused by individual fossil fuel projects, creating unprecedented accountability for investors and policymakers.

U.S. National Debt Interest Reaches Record $1.05 Trillion in Fiscal Year 2026

Washington, Saturday, 17 October 2026.
Annual U.S. debt interest payments surged 8% to $1.05 trillion in fiscal year 2026, now exceeding defense spending as bond yields above 5% drive up national borrowing costs.

Medicare Open Enrollment Begins as Coverage Costs Shift for 2027

Washington, Saturday, 17 October 2026.
Medicare open enrollment began October 15, 2026, offering 70.5 million Americans time until December 7 to review coverage as prescription drug out-of-pocket spending limits rise to $2,400 in 2027.

California Power Grid Shifts to Solar and Giant Battery Systems

Sacramento, Saturday, 17 October 2026.
Powered by massive battery storage, California’s electricity grid now runs on 62% clean energy, with batteries supplying over 60% of power during peak evening surges.

Transit Authority Suspends Agents After Violent Brooklyn Bus Dispute

New York, Saturday, 17 October 2026.
The MTA suspended four fare inspectors following a physical altercation in Brooklyn, highlighting operational challenges as bus fare evasion reaches 49% and costs hundreds of millions annually.

Why Government Subsidies Are Pushing the Global Economy to the Brink

Washington, Saturday, 17 October 2026.
The IMF warns that government subsidies shielding consumers from high energy prices are fiscally unsustainable, driving public debt to dangerous levels despite temporary global economic resilience.

Oil Prices Surge Near $110 Following Supertanker Explosion in Strategic Waterway

Bandar Abbas, Saturday, 17 October 2026.
A supertanker carrying over two million barrels of oil exploded after hitting a sea mine in the Strait of Hormuz on October 17, 2026, driving Brent crude toward $110 per barrel.