CoreWeave stock, bond set for weekly plunge as rate-hike fears hit AI bet - Reuters

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• Anthropic assigned highest junk credit rating in June

  Anthropic, a leading artificial intelligence research organization, was assigned the highest junk credit rating by Moody's Investors Service in June, indicating substantial financial risk associated with investing in its products and services. Moody's evaluation underscores the need for increased caution and robust financial management practices to mitigate potential risks.

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• Debt is eating up a bigger chunk of your raise, research shows

  In other words, researchers estimate that for a one-earner household, 52 cents of every dollar of income gained in recent years goes to higher debt payments. For a two-earner household, they project that the entire real income gain, and then some, goes toward debt. The analysis also found that inflation-adjusted debt payments rose nearly 15% over roughly three years — about eight times as fast as household income, which grew less than 2%.

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• U.S. budget deficit swells to almost $2 trillion for fiscal 2026, up 12% in a single year

  The U.S. recorded a staggering $2 trillion budget deficit for fiscal 2026, marking the third-highest annual deficit in U.S. history, driven by a 12% increase from the prior year. This highlights the country's financial strain and underscores the need for immediate fiscal reforms.

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