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In a post back in January, commenting on the November 2025 off-year elections, I remarked that the buzz-word of the moment for the Democrats appeared to be “affordability.” Many credited that theme as being the winning issue that took the Virginia and New Jersey Democratic gubernatorial candidates (Abigail Spanberger and Mikie Sherrill) over the top. And yet the policies that Spanberger and Sherrill had advocated as the centerpieces of their “affordability” agendas were taken from the playbooks of California and New York, otherwise known as the leading states for intentionally driving up costs for their residents. Anybody could see that...

Texas has overtaken California in Fortune 500 companies for the first time, as firms continue to leave the Golden State’s increasingly unfriendly business environment.

Australia's economic slowdown is just beginning, economists warn, as interest rate rises and cost-of-living pressures weigh on households.The economy grew just 0.3 per cent in the first quarter of 2026, the Australian Bureau of Statistics revealed on Wednesday, but the figures only captured the first month of the Middle East war.

President Donald Trump said on Friday that he is talking with the leaders of the largest artificial-intelligence companies about having the government acquire “pieces” of their firms. It could prove to be among the most significant federal interventions in the private sector in modern history. The president’s comment confirmed NOTUS reporting that he has been discussing the idea with tech executives for more than a year. He said he is aiming to invite “all of them” to the White House as soon as next week. Sam Altman, the CEO of OpenAI, has talked to Trump about having shares of AI...

The US economy added 172,000 jobs in May, blowing past expectations, according to the government's closely watched jobs report. The unemployment rate remained flat at 4.3%. Economists surveyed by Bloomberg had anticipated payroll growth of 88,000 for the month. April's jobs report — which itself was a massive beat — was also revised to show an even better 179,000 jobs gained, compared to the 115,000 reported earlier. March's payroll growth was similarly updated to show 214,000, bringing the first monthly gain above 200,000 since early 2024. Payroll gains were seen across several sectors — notably not relying just on the...

The U.S. economy added more jobs than expected in May, posting strong payroll gains for the third month in a row, a sign the U.S. labor market is steadily recovering from a weak patch last fall and winter. The U.S. added 172,000 jobs in May, the Labor Department said Friday, beating expectations.

ROSELAND, N.J., June 3, 2026 /PRNewswire/ -- Private sector employment increased by 122,000 jobs in May and pay was up 4.4 percent year-over-year according to the May ADP National Employment Report® produced by ADP Research in collaboration with the Stanford Digital Economy Lab ("Stanford Lab"). The ADP National Employment Report is an independent measure of the labor market based on the anonymized weekly payroll data of more than 26 million private-sector employees in the United States. ADP's Pay Insights captures over 15 million individual pay change observations each month. Together, the jobs report and pay insights use ADP's fine-grained data...

TEMPE, Ariz., June 3, 2026 /PRNewswire/ -- Economic activity in the services sector continued to expand in May, say the nation's purchasing and supply executives in the latest ISM® Services PMI® Report. The Services PMI® registered 54.5 percent, the 23rd consecutive month in expansion territory. The report was issued today by Steve Miller, CPSM, CSCP, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: "In May, the Services PMI® registered 54.5 percent, an increase of 0.9 percentage point compared to April's figure of 53.6 percent. The Business Activity Index remained in expansion territory in May, increasing 1.8...

America has experienced stock market crashes, great depressions, and other national financial or economic emergencies. As we enter our 250th anniversary, it seems that we’re no stranger to economic difficulty. But there’s something about pride that keeps America from facing up to the fact that she’s sliding down the tubes. Add to that the fact that we have someone at the helm of this nation in the person of President Donald Trump that helps us to feel a little bit extra confident about our economic future. He’s experienced, he’s rich, and he constantly puts the welfare of this nation at...

MAGA host Dave Rubin drew a painful blank when a debate opponent asked him for a single measure under which the economy has improved under the second Trump administration. “What is one main metric that Donald Trump has made better off since he got into office?” asked one of Rubin’s opponents in the debate, published Sunday by Jubilee Media under the title “Dave Rubin vs 20 Far-Left Democrats.” “An example would be GDP, unemployment, inflation, et cetera,” the person, who goes by the social media handle “parkergetajob,” added.

In the thick of another high-stakes election year, GOP voters are sending a clear message that cuts through the noise of legacy media chatter. It even transcends far more serious pocketbook worries.AdvertisementA new national survey reveals that Republicans are firmly commited to President Donald J. Trump, rooted in his record on issues that reach beyond dollars and cents. This data was gathered by the Democracy Institute in partnership with me, as host of the current events show News Sight and author of the finance newsletter Dr. Cotto’s Digest.The poll spotlights a GOP base that stands rock-solid even as broader national...

The world is getting more uptight about lending money to President Donald Trump’s government — causing interest rates to climb in ways that are worsening affordability pressures, hampering economic growth and creating a new risk for Republicans in November’s midterm elections. The energy price spike triggered by the Iran war has seeped into the price of bonds that help fund the U.S. government. Interest rates on a 10-year U.S. Treasury note are topping 4.44%, up from 3.95% before the war started at the end of February. Average mortgage rates have climbed to their highest levels in nine months, while auto...

Americans Are About to Get a Lot Richer https://www.youtube.com/watch?v=mCd9ctg1sO4

Audie Cornish is back at her cherry-picking antics. Yesterday, the CNN This Morning host managed to find two Texas Republicans who said they wouldn't vote for Ken Paxton in the Texas senatorial general election. Today, Audie began a segment on the economy by rolling clips of TikTok personalities claiming Americans are “skipping freaking meals” and fasting because “the economy is s--t.” She described them as “stories of Americans who say they’re struggling to put food on the table.” One struggler was TikToker @ellestate, who, in a recent post, bragged about being able to afford expensive things to make herself “pretty.”...

In a country where big trucks are a big deal, those pickups and SUVs represent a big percentage of auto loans that come with a sizable monthly payment, more than $1,000 a month, according to new data. Experian Automotive’s analysis of more than 5 million open auto loans and leases in the first quarter shows nearly 19% of new vehicle loans include a monthly payment of at least $1,000. That’s up from roughly 17.4% year over year. “The assumption is that it’s all luxury, it’s high-line, and that is not the case,” said Melinda Zabritski, head of automotive financial insights...

With the stakes dizzily high, President Donald J. Trump has delivered a series of bold, concrete economic actions that cut real costs for everyday families. He has paid attention to key domestic priorities. Republican leaders have generally failed to spotlight these achievements. This leaves Democrats free to dominate the conversation while public polls show persistent low approval for Trump on economic issues. Such an oversight is not minor. It borders on tragic at this pivotal juncture, when a Democratic win would likely accelerate the nation's slide from superpower status. Consider the direct relief on household essentials. Trump ended Biden-Harris-era restrictions...

Gloom and doom is everywhere these days—-except in the economic data or in business planning meetings. Surveys of consumers suggest that these are the worst of times. The University of Michigan’s consumer sentiment index keeps hitting all-time lows. The Economist/YouGov poll shows 63 percent of Americans say the economy is getting worse, including a third of Trump voters. Eighty-four percent of Democrats say we are either already in a recession or likely to be in one in the next 12 months. Businesses aren’t seeing it. The Atlanta-Fed released its latest Survey of Business Uncertainty on Tuesday, and the results are...

In 1974, New York Times humorist Russell Baker identified a “pig in the python” working its way through the economy: the bulge of 76 million Baby Boomers squeezing through America’s economic system, distorting everything they passed through. When Boomers flooded the labor market in the 1970s, they created a competitive squeeze that never fully released — leaving the generations behind them without the wage rebound economists had predicted. When they bought homes, prices soared. When they took the top jobs in business, culture, and civic life, they held them — and held them, and held them. For half a century,...

Brent crude dropped below US$97 a barrel after both sides said talks had made progress.Oil prices fell nearly 7 per cent on Monday (May 25) as optimism grew that the United States and Iran were moving closer to a peace deal that would reopen the Strait of Hormuz, even though Washington and Tehran played down hopes for an imminent breakthrough. Brent crude futures LCOc1 were down US$7.24, or almost 7 per cent, at US$96.30 a barrel at 2:29pm ET (Tuesday, 2:29am, Singapore time) and US West Texas Intermediate CLc1 futures were down US$6.30, or 6.5 per cent, at US$90.88. Trading...

Stocks rose Friday as Treasury yields eased, resulting in a winning week for Wall Street despite heightened volatility. The Dow Jones Industrial Average gained 294.04 points, or 0.58%, to end at 50,579.70. The 30-stock index hit an intraday all-time high and posted another record close. The S&P 500 rose 0.37% to settle at 7,473.47. The Nasdaq Composite climbed 0.19%, ending at 26,343.97.