ABE NEWS | THE WEEK IN BUSINESS | FRIDAY, AUGUST 21, 2026 Some weeks in business are dominated by one enormous event. This wasn’t one of them. Instead, the global economy spent the week sending signals from almost every direction. The United States crossed $40 trillion in national debt. Long-term government borrowing costs reached…
ABE NEWS | FRIDAY, AUGUST 21, 2026 Bitcoin is suddenly moving again. The world’s largest cryptocurrency surged above $76,000 on Friday, reaching its highest level in more than two months and putting it on course for a gain of roughly 20% this week — its strongest weekly performance in about two and a half…
ABE NEWS | THURSDAY, AUGUST 20, 2026 Africa’s biggest oil refinery is preparing for another enormous milestone. Nigeria’s Dangote Refinery has secured a $1 billion underwriting program ahead of a planned stock-market listing that could become the largest initial public offering in African history. The refinery, majority-owned by Nigerian billionaire Aliko Dangote, has already…
ABE NEWS | THURSDAY, AUGUST 20, 2026 For years, scientists have talked about a future where cancer treatment could be designed specifically for one person’s tumor. That future may have just moved significantly closer. Moderna and Merck announced that their experimental personalized mRNA cancer vaccine, intismeran, succeeded in a large Phase 3 trial involving…
ABE NEWS | THURSDAY, AUGUST 20, 2026 America just crossed a number that is difficult to even imagine: $40 TRILLION. The U.S. national debt officially reached $40.047 trillion, according to the Treasury Department. Of that, about $32.3 trillion is debt held by the public, while another $7.8 trillion is held within government accounts. Forty…
ABE NEWS | WEDNESDAY, AUGUST 19, 2026 A robot can run, dance, box and perform martial arts. That’s impressive. But on Wednesday, China’s best-known humanoid robot maker did something completely different: It sent investors into a frenzy. Unitree Robotics made its stock-market debut on Shanghai’s STAR Market, with shares priced at 150.80 yuan. They…
ABE NEWS | WEDNESDAY, AUGUST 19, 2026 Canada went to bed Tuesday night facing a 50% tariff. It woke up Wednesday without one. Less than two hours before nearly $20 billion worth of Canadian imports were supposed to face new U.S. tariffs, President Donald Trump stopped the clock. But only for: THREE DAYS. Trump…
ABE NEWS | TUESDAY, AUGUST 18, 2026 Oil is above $90. Government borrowing costs are surging. Technology stocks are falling. And one U.S. interest rate has reached a level investors haven’t seen since 2007. At first, those sound like four different stories. They’re not. Tuesday’s market selloff is showing exactly how quickly trouble in one part…
ABE NEWS | TUESDAY, AUGUST 18, 2026 Two days ago, the question was: What happens if the Strait of Hormuz stays disrupted? Tuesday morning gave us another part of the answer. A ship has been hit. A crew casualty has been reported. Oil has climbed above $90. Iran says the strait will remain closed…
ABE NEWS | MONDAY, AUGUST 17, 2026 Canada just got another inflation warning. The country’s annual inflation rate climbed to 3.0% in July, reaching the top of the Bank of Canada’s 1%–3% inflation-control range. But before blaming rent. Or groceries. Or wages. Look at one number: 25.7%. That’s how much gasoline prices increased compared…
