Key Takeaways
- The U.S. Treasury announced a substantial increase in its borrowing estimate for the July-September quarter, now projecting to borrow $1.007 trillion, which is $453 billion higher than its April forecast.
- Swedish fashion giant H&M (HNNMY) is set to open its first physical store in Brazil on August 23 at Shopping Mall Iguatemi in São Paulo, marking its official entry into the South American nation.
- AI developer Anthropic will introduce new weekly rate limits for its premium Claude Pro and Max subscription plans starting in late August.
- Israeli Prime Minister Benjamin Netanyahu held a phone call with Russian President Vladimir Putin, with discussions primarily focusing on the situation in the Middle East, including Iran.
The U.S. Department of the Treasury today significantly revised its borrowing estimates for the upcoming quarters, signaling increased government financing needs. For the July-September 2025 quarter, the Treasury now expects to borrow $1.007 trillion in privately-held net marketable debt. This figure represents a substantial $453 billion increase from the $554 billion estimate provided in April 2025. The upward revision is primarily attributed to a lower beginning-of-quarter cash balance and projected lower net cash flows. The Treasury aims to maintain an end-of-September cash balance of $850 billion.
Looking ahead, the U.S. Treasury also anticipates borrowing $590 billion in privately-held net marketable debt during the October-December 2025 quarter. The projected end-of-December cash balance for this period is also set at $850 billion. These borrowing plans were detailed in the Economy Statement for the Treasury Borrowing Advisory Committee.
In retail news, H&M (HNNMY) is making its highly anticipated debut in the Brazilian market. The company announced that its first store will open on August 23 at Shopping Mall Iguatemi in São Paulo. This expansion into Brazil has been a strategic move for the Swedish multinational, which has been growing its presence across Latin America since 2012. The company plans to offer a mix of locally manufactured and imported products, aiming to appeal to a wide range of Brazilian consumers.
Meanwhile, the artificial intelligence landscape is seeing adjustments in service access. Anthropic, the developer behind the Claude AI models, will implement new weekly rate limits for its Claude Pro and Max subscription tiers. These new limits are expected to take effect in late August. The announcement follows previous reports of users, particularly those on the premium Max plan, experiencing unannounced usage restrictions.
On the geopolitical front, Israeli Prime Minister Benjamin Netanyahu engaged in a phone conversation with Russian President Vladimir Putin. According to Netanyahu's office, the discussions focused on the critical issue of Iran. The Kremlin also confirmed the call, stating that the leaders discussed various aspects of the tense situation in the Middle East, with Putin emphasizing the importance of upholding Syria's sovereignty and territorial integrity and reiterating Russia's readiness to assist in negotiating a solution to the Iranian nuclear issue.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.