Category: Economy
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The Trade Deficit Nearly Doubled in a Year. Read the Monthly Trend.
The September trade deficit was $105.0 billion, almost double a year ago. The year-to-date number looks good only because early 2025 was so bad. Here is the controller’s read.
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Data Centers Are Carrying Construction. Everything Else Is Shrinking.
Construction spending fell 1.9% in September, missing forecasts, as home remodeling plunged 13%. Data centers and power projects are carrying the industry while nearly everything else shrinks. Here’s what Washington can fix.
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Trump Says a Canada Trade Deal Is Close. Prove It After Tuesday.
Trump says the U.S. and Canada have “the concept of a deal,” Keystone XL included. Carney says teams will finish it in the coming weeks. Good. Now put real tariff numbers in writing after the votes are counted.
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Factories Had Their Best Month Since 2021. Prices Are Still the Problem.
The ISM manufacturing PMI rose to 55.5% in October, and factory production hit its fastest pace since November 2021. But input prices rose for a 25th straight month, and most survey comments were negative. Here’s what Washington should learn.
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Hackers Just Cooked Europe’s Grocery Freezers. Lock Down Ours Now.
Hackers turned up the heat on supermarket freezers in at least seven European countries overnight, and many of the hit systems still used default passwords. Here is what happened, why it was a basic-responsibility failure, and why American grocers, farms and cold-storage operators should lock down their equipment now.
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Exxon Doubled Its Profits. A Windfall Tax Won’t Lower Your Gas Bill.
Exxon doubled its quarterly profit to $15.4 billion and Chevron earned $9.9 billion, and Democrats want a windfall profits tax. America tried that in 1980. It raised a fraction of what was promised and may have cut US oil output. The fix is more supply.
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ACA Premiums Are Up 42% in Two Years. Subsidies Won’t Fix the Price.
On Sunday, Nov. 1, millions of Americans can start shopping for 2027 health coverage. Many will not like what they see. ACA open enrollment begins in most states with benchmark premiums rising 13% on average, according to a KFF analysis published Oct. 30. That comes on top of a 26% jump the year before. Put…
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Ghost Students Never Showed Up. The Aid Checks Still Did.
DOJ charged five people on Oct. 29 in Operation Ghostbusters, a crackdown on fake students who used stolen identities to collect federal aid. Investigators flagged 830,840 suspect aid IDs tied to nearly $130 million. Arrests help, but the real fix is checking IDs before the money goes out.
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Four More States Take Soda Off SNAP. Congress Should Make It Stick.
Starting Nov. 1, Montana, North Dakota, South Carolina and Virginia take soda and other sugary drinks off SNAP, bringing the total to 12 states. Early research says the limits work, but a federal judge already blocked five states. Congress should write it into law.
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Cocoa Prices Fell by Half. Your Halloween Candy Didn’t.
Halloween candy prices are up 7.7% in a year, led by chocolate, even though cocoa has fallen from its peak. The market is already fixing the cocoa shortage. The inflation Washington controls is the bigger problem for family budgets.
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