overtake
The United States has long had the world’s biggest defense budget, with spending this year set to approach $900 billion. Yet this spending is rapidly being eclipsed by the fastest-growing portion of federal outflows: interest payments on the national debt. For the
Microsoft Corp. is set to overtake Apple Inc. as the most valuable U.S. company for the first time in 15 months after the smartphone giant reported a rare sales miss in the face of supply constraints. Apple shares AAPL, +2.50% are off 3.7% in premarket trading Friday, which would imply a valuation of $2.409 trillion […]
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