Federal Deficit Hits $2 Trillion in Fiscal 2026
TL;DR: The Congressional Budget Office reported Thursday that the federal government ran a deficit of about $2 trillion in the fiscal year that ended September 30. CNN, via ABC17 reported that the ga…
October 12, 2026
Fed Turns Hawkish but Can Wait on the Next Hike
TL;DR: Federal Reserve officials now lean toward more rate hikes, but the September minutes and recent speeches say they can wait for more data first. Markets price a pause at the October meeting and…
October 12, 2026
Bloom Raises $3.6M Seed for Hardware Supply Chains
TL;DR: Detroit based Bloom has raised $3.6 million in an oversubscribed seed round led by SNAK Venture Partners, citybiz reported . The company runs a business to business marketplace that helps firm…
October 12, 2026
Arena Raises $200M Series B at $3.1B Valuation
TL;DR: Arena, the AI evaluation platform formerly called LMArena , raised a $200 million Series B at a $3.1 billion valuation, co led by Lightspeed Venture Partners and Khosla Ventures. Arena says an…
October 12, 2026
AI Data Centers Are Driving a Gas and Solar Power Rush
TL;DR: Natural gas supplied 40% of the energy U.S. data centers used in 2024, ahead of renewables at 24%, according to the International Energy Agency , as relayed by The Athens Messenger . The bigge…
October 12, 2026
Student Loan Forgiveness Is Taxable Again in 2026
TL;DR: Federal student debt cancelled under income driven repayment is taxable income again from the 2026 tax year, after Congress let the 2021 exemption expire on December 31, 2025. Protect Borrower…
October 12, 2026
Healthcare PE Deals Are Skipping the Auction Process
TL;DR: Healthcare investors at McDermott Will & Schulte's HPE Europe conference in September said hardly any deals this year have run as a standard auction, per Investors in Healthcare . Processe…
October 12, 2026
Private Market Valuations Strain as Fund AI Use Surges
TL;DR: Deloitte's survey of 95 fund groups , released October 8, 2026, says 77% are using more artificial intelligence (AI) and 40% of those apply it to fair valuation. Yet only 4% run a full valuati…
October 12, 2026
TRex Bio Prices $116.7M IPO at Bottom of Range
TL;DR: TRex Bio, a clinical stage biotech targeting autoimmune and inflammatory disease, raised $116.7 million in a U.S. IPO , selling about 8.3 million shares at $14 each. The company had marketed t…
October 12, 2026
US Deficit Nears $2 Trillion as Debt and Rates Bite
TL;DR: The federal deficit hit $1.993 trillion in fiscal 2026, up 12% and the largest since 2021, according to CBO figures reported by Yahoo Finance . With the 10 year Treasury near 5.3%, a private d…
October 12, 2026
TVPI Explained: Reading a Fund's Real Performance
TL;DR: TVPI is a fund's total value, cash already paid out plus the manager's estimate of what's left, divided by the capital you've paid in. DPI is only the cash. RVPI is only the estimate. So a 1.5…
October 12, 2026
OPay's US IPO Filing Shows Revenue More Than Doubled
TL;DR: Reuters reported on October 9 that OPay, an Africa focused digital payments company, revealed in its US initial public offering filing that revenue more than doubled to $467.1 million in the f…
October 12, 2026