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- New Business Growth by State ( 2026 ): Registered Agents Inc Analyzes the Latest U . S . Formation Data by Better Business Advice
Registered Agents Inc data show more than 560,000 new US business formations in September 2026, the highest September on record and the first time a September total topped 500,000, with 44 of 51 tracked jurisdictions reporting year-over-year increases. Year-to-date formations exceed 5.3 million, up 16% from the same period last year, and the company projects 6.7 million formations in 2026 versus 5.9 million in 2025. Florida led in total volume with over 56,000 formations but fell 5% year over year, while Texas recorded more than 45,000, up 19%. Faster growth came from smaller states, including Missouri (up 83%, over 16,000 formations), Wyoming (up 37%, over 24,000), Alabama (up 51%) and Idaho (up 45%). The report notes that formation data signals entrepreneurial activity but does not explain why it changes.
- Trump's student loan overhaul could lead to more bankruptcy filings, former judge says
Former bankruptcy judge Sarah Sharer Curley, who presided over cases for nearly three decades, recounts in her new book a 73-year-old woman who in 2012 had a student loan balance of more than $584,000 dating back to the 1970s. She says strict bankruptcy laws make discharging student loans nearly impossible; in this case, the federal government would not agree to any settlement, so she could only credit seven years of public service, reducing the remaining repayment to three years. Curley argues the Education Department was gutted in 2025, leaving few if any staff who could approve debt modifications, which makes settlements harder to reach. Citing the Administrative Office of the U.S. Courts, she notes more than half a million personal bankruptcy cases were filed in 2025, an almost 50% rise from three years earlier. She stresses that many filers are not unemployed but live paycheck to paycheck, with job loss, chronic illness and rising medical or education costs among common causes.
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- CoreWeave's business model explained: Why investors are worried
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- Big Tech's eMudhra fixes may leave crypto bots exposed, CertiK warns
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- Goldman Sachs, JPMorgan and Morgan Stanley are dominating the AI stock boom. Here's their edge
Fueled by the global AI stock boom, looser capital rules and greater lending to hedge funds, major Wall Street banks have already had a banner year in equities trading. The five largest investment banks generated about $67 billion in equities revenue through Sept. 30, $7 billion more than all of 2025. Goldman Sachs, JPMorgan Chase and Morgan Stanley account for a combined $52 billion, nearly 80% of the total, with prime brokerage, which includes margin loans and securities lending to hedge funds, a key growth driver. At Goldman Sachs, equities financing rose 96% in the third quarter to a record $3.37 billion. Asia, especially South Korea and Taiwan, was the fastest-growing frontier for equities.
- From Cultural Appeal to Strategies for Growing Bank Value
VPBank is placing pop culture at the core of its development strategy, as its shares have risen nearly 27% since late July, well ahead of the nearly flat VN-Index. The bank co-organized and was main sponsor of two BIGBANG concerts in Hanoi, which drew more than 50 million access visits to the ticketing platform, and then brought the group's Official Pop-up Store to its Flagship at 89 Láng Hạ, where thousands of fans queued from 3-4 a.m. The article cites KB Kookmin Bank's partnership with Aespa since 2021 and UOB's use of Taylor Swift's The Eras Tour, and notes that 91 of the world's 100 most valuable bank brands sponsor sports, per Brand Finance Banking 500 2025. It says these moves turn customer experiences into a competitive advantage.
- SpaceX Bulls Rejoice: JPMorgan Sees 209% Upside
JPMorgan analyst Doug Anmuth more than doubled his SpaceX (SPCX) price target to $500 from $240 on Oct. 21, implying 209% upside, even though the stock is still well below its June 16 high. Third-quarter revenue rose 161% to $14.6 billion, and SpaceX swung to $4.4 billion of net income from a $1.1 billion loss, with first-quarter 2027 revenue guided to $33 billion–$37 billion. Analysts' 2027 EPS estimate has risen to $2.25 from $0.65 three months ago, yet $500 equals 222x that figure, versus a consensus target of $223 as of Oct. 20. The article calls the target plausible but stretched, holding only if the annual recurring revenue forecast from CEO Elon Musk materializes, with capex of $19.6 billion in the third quarter and $35–40 billion expected in the fourth as key risks.
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