Tag: Economy
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Week in Review: Democrats Won. Voters Still Want Receipts.
This Week in Review: Democrats took Congress, but ticket-splitters locked in voter ID, rejected data-center deals, and still face soft paycheck math under a strong jobs print. Treasury’s $618B ‘cut’ papers over higher need — and Court packing is the wrong answer.
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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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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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Intel Lost Nearly 30% in a Day. Wall Street Wants AI Receipts.
Intel plunged nearly 30% and the Nasdaq headed for its worst day since June as investors balked at Big Tech’s cash-burning AI spending. Here’s why the market is doing its job, what it means for your 401(k), and why taxpayers shouldn’t be on the hook.
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Home Prices Finally Fell. Your Mortgage Payment Didn’t.
Home prices just dipped for the first time in three years, yet the typical mortgage payment is up 10.7% to near a record. Here’s why rates matter more than price tags, why another subsidy won’t help, and what buyers can do right now.
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The Economy Grew 3.4%. So Why Does Your Wallet Feel Lighter?
The economy grew at a 3.4% annual rate last quarter, beating forecasts. But the same morning, new data showed real disposable income fell 0.3% in September as prices rose 3.6% from a year earlier. Here’s why strong growth isn’t reaching family budgets, and what Washington should do about it.
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The Fed Blinked Before the Midterms. Two Dissenters Wanted a Hike.
The Fed held rates at 3.75% to 4% in a 10-2 vote, six days before the midterms, even as it admits inflation remains elevated. Lisa Cook and Beth Hammack wanted a hike. Here’s what the pause means for your wallet, and why Washington’s spending is the other half of the inflation story.
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Gas Fell 21 Cents. Consumer Confidence Jumped. Washington, Take the Hint.
Consumer confidence jumped 7.5 points to 91.7 in October, and the Conference Board tied the rebound to easing gas prices. But families still expect 5.8% inflation and plan to spend less. Here’s what the survey says about your wallet, and why more American energy and less federal borrowing matter.
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Microsoft Offers 60,000 Workers a Buyout. That Beats a Pink Slip.
Microsoft offered voluntary buyouts to about 60,000 employees, roughly 27% of its workforce, as it pours money into AI data centers. A voluntary exit beats mass layoffs, the AI bet belongs to shareholders, and Washington should stay out.
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Inflation Is Back at 3.7%. The Fed Can’t Blink for the Election.
Inflation is back at 3.7%, wages are falling behind, and the Fed decides on rates Oct. 28, six days before the election. Why a hold is defensible, why the message matters more, and where the real fix lies.
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