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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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On October 20, on the sidelines of the 2026 APEC Finance Ministers' Meeting in Hong Kong, Finance Minister Ngô Văn Tuấn held bilateral talks with Chinese Finance Minister Lan Fo'an and US Deputy Secretary of the Treasury for International Affairs Erin Browne. Vietnam expects to propose four priority topic groups for APEC 2027 based on the Incheon Action Plan, and China expressed support for these priorities. With the US, Vietnam asked for technical-level talks on a revised protocol to the bilateral tax treaty, support for its position in the Reciprocal, Fair and Balanced Trade (ART) Agreement negotiations, and early recognition of market economy status. The US side pledged to work closely to turn these priorities into a detailed action plan.
- What Is Strategy (MSTR)? The Bitcoin Treasury Company
Strategy, formerly MicroStrategy, became a Bitcoin treasury company after co-founder Michael Saylor made BTC its primary reserve asset in 2020. Between May and August 2026 it sold 6,948 BTC for about $432.5 million, moving away from its “never sell Bitcoin” stance toward a goal of never being a net seller, and it resumed buying at the end of August. Its purchases were funded largely by convertible notes and later by preferred stock, and STRC's fall below its $100 par value in June 2026 cut off a key funding route. As Bitcoin fell in 2026, mNAV, the premium over net asset value, dropped to where the market valued the company below its Bitcoin holdings, and the company reported a $12.4 billion loss for Q4 2025. In July 2026 it introduced “net Bitcoin per share,” which subtracts preferred stock and out-of-the-money convertible debt before dividing Bitcoin holdings by shares.
- AGI Is Almost Ready. Is Your Portfolio?
Nvidia CEO Jensen Huang said in September that “AGI has arrived,” citing OpenAI's new GPT-6 and the Nvidia chips behind it, though the article notes he sells chips to major AI labs and has a stake in the question. AGI is described as AI that can do most jobs as well as a skilled worker, but today's top models succeed only about half the time on tasks that take a person two workdays, according to research group METR. Tech leaders disagree on timing: Musk has pushed his forecast from 2025 to 2026, Altman says OpenAI is “not quite yet” there, and Pichai expects AGI shortly after 2030. Amazon's AGI chief says models need to be about 100 times more efficient, and AWS customers have signed $496 billion in contracts for future services.
- Kevin Warsh's Fed May Not Cut Rates Soon. That's Why This Dividend Stock Belongs in Your Portfolio.
The next FOMC meeting is on Oct. 28; according to CME Group's FedWatch tool, the Fed probably won't hike that day, but as of Oct. 17 the odds of a hike at the December meeting were 89%. The article argues that a prolonged rate-hike cycle may not occur, while longer-term bond yields have risen in recent months. It presents AbbVie (ABBV) as a dividend stock to consider, citing 18.8% annualized returns over 10 years, a history of raising its dividend for more than 50 years, $6.92 in dividends paid in 2026 ($1.73 per quarter), and a 2.42% forward yield. It also says AbbVie's $70.8 billion of debt is only 14% of its $504 billion market cap and mostly fixed-rate, and that pharmaceuticals are less sensitive to rates and unconnected to the AI trade.
- 3M Q3 Earnings Call Highlights
3M reported third-quarter 2026 organic sales growth of 3.3%, an adjusted operating margin of 26.2%, adjusted EPS of $2.50 (up 12% year over year) and free cash flow of $1.2 billion. Orders grew at a high-single-digit rate and backlog rose by a high-teens percentage, led by industrials, safety and data centers. The company raised its full-year adjusted EPS forecast to $9.10–$9.15, and expects about $4.8 billion in free cash flow and organic growth of more than 3.5%. It also issued Amazon a warrant for up to 3.2 million shares tied to data-center sales milestones of $6 billion over seven years, and expects data-center revenue of about $700 million in 2026. China sales fell by a high-single-digit percentage, mainly on weak consumer electronics demand, while U.S. and Canada sales grew about 7%.
- $350 Billion in Funding Will Be Blocked Unless Trump Ramps Up Pressure on Russia
According to The Hill, the White House is seeking approval for at least $350 billion in new military spending after the November election, before the current Congress term ends. Pro-Ukraine Republicans object to a deal on importing Russian diesel and to restrictions on the Starshield satellite system for the Ukrainian military, and they want sanctions pressure on Russia restored and those limits lifted. The budget package proposed by Defense Secretary Pete Hegseth includes $17 billion for the Golden Dome missile defense system and $47 billion to expand munitions production. Passing it requires nearly all House Republicans' support, and with polls suggesting Democrats could win both chambers after the election, Trump may soon have to make concessions.
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