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🇺🇸 Pentagon Spent $93B in End-of-Year Budget Rush

In September 2025 the Pentagon spent a record $93.4B trying to use up its budget before the fiscal year ended.

US agencies often follow a “use it or lose it” rule. If allocated funds are not spent by year end, next year’s budget may be reduced.

Some notable purchases during the spending surge:

➡️ ~$15.1M on ribeye steaks
➡️ ~$6.9M on lobster tails
➡️ ~$2M on Alaskan king crab
➡️ ~$1M on salmon
➡️ $139K for ~272K donut orders
➡️ $124K on refrigerators
➡️ $225.6M on furniture
➡️ $5.3M on Apple devices
➡️ $4M on Samsung equipment
➡️ $98K for a Steinway grand piano
➡️ $26K for a violin

September is often the biggest spending month for US government agencies as departments rush to exhaust remaining budgets.


💪 t.iss.one/FinancialWorldUpdates

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Volkswagen plans to eliminate around 50,000 jobs, about 17% of its German workforce, as profits fall to their lowest level in a decade.

The company’s profit dropped 44% last year and pressure is coming from several directions.

• Chinese EV makers like BYD are taking market share in China

• U.S. tariffs on imported cars are costing VW nearly €3B per year

• Rising energy and labor costs in Germany are forcing factory shutdowns

Europe’s largest automaker is now restructuring to stabilize its finances.


💪 t.iss.one/FinancialWorldUpdates

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🇯🇵 Japan announces plans to release 15 days' worth of private-sector oil reserves and one month's worth of state oil reserves, Prime Minister Sanae Takaichi said on Wednesday.


💪 t.iss.one/FinancialWorldUpdates

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Germany is releasing part of its strategic oil reserves to ease fuel price spikes caused by the Middle East war.


💪 t.iss.one/FinancialWorldUpdates

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Binance sues the Wall Street Journal for defamation.


💪 t.iss.one/FinancialWorldUpdates

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🇺🇸 US CPI DATA CAME IN AT 2.4%

EXPECTATIONS: 2.4%


💪 t.iss.one/FinancialWorldUpdates

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This is now the largest oil supply shock in history


💪 t.iss.one/FinancialWorldUpdates

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🔥 NVIDIA invests $2B in Nebius Group to build a hyperscale AI/HPC data center for enterprise applications.


💪 t.iss.one/FinancialWorldUpdates

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🇺🇸 President Trump says oil companies "should use" the Strait of Hormuz.

Earlier today, Iran struck a Thai ship attempting to pass through it.


💪 t.iss.one/FinancialWorldUpdates

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The Federal Bureau of Investigation has warned police departments in California that Iran could retaliate for U.S. attacks by launching drones at the West Coast, ABC News reported today, citing an alert it reviewed.


💪 t.iss.one/FinancialWorldUpdates

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🇨🇳🇮🇷 Iran has reportedly sent more than 11 million barrels of oil through the Strait of Hormuz since the war began, all bound for China.


💪 t.iss.one/FinancialWorldUpdates

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🇺🇸 President Trump prepares to invoke Cold War-era powers to boost oil production off the Southern California coast.


💪 t.iss.one/FinancialWorldUpdates

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$3.5 trillion Goldman Sachs says stocks could see an "extreme" rally.


💪 t.iss.one/FinancialWorldUpdates

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EU officials warn the Iran war could push inflation above 3%.


💪 t.iss.one/FinancialWorldUpdates

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🚨 Crypto ATM scams in the United States jumped 33% to $333M in 2025 as AI deepfakes supercharged fraud, according to CertiK.


💪 t.iss.one/FinancialWorldUpdates

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Iran Allows Safe Passage For India-Flagged Tankers Through Strait Of Hormuz Amid Tensions.


💪 t.iss.one/FinancialWorldUpdates

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🇮🇹 Italy to release 9,000,000 barrels of oil from its emergency reserves as prices surge.


💪 t.iss.one/FinancialWorldUpdates