As the US midterm elections approach, we take a look at data to see a true picture of the US economy under Trump With the midterm elections fast approaching, many Americans have the economy on their minds. US voters are exhausted by years of higher prices. Donald Trump won the presidency in 2024 on promises to lower inflation and undo the damage he said the Biden administration had inflicted on the economy. Continue reading...
‘We don’t have inflation’? Five charts show the US economic reality of Trump’s second term so far
Source: The Guardian
Original reporting
The Guardian: read the full reportRelated stories
CNBC
Trump says he'll soon decide whether to ‘make a deal’ with Iran or ‘finish it off'
Trump said he is weighing a deal with Iran against renewed military action as tensions escalate across the Middle East.
The Guardian
Anthropic files for stock market IPO; Meta announces $95bn fundraising drive to pay for AI expansion – business live
Meta says share sale will support its “continued investment in AI infrastructure and personal superintelligence”, as Elon Musk warns some AI cloud computing firms face ‘guppy-level death’ UK government borrowing costs are dropping this morning, a welcome sign ahead of Wednesday’s budget. The yield (or interest rate) on 10 and 30-year UK gilts have both dropped by around three basis points (0.03 of a percentage point) this morning. Issuing loans to public financial institutions creates a financial asset that offsets the increase in outstanding government debt. If the investments that the PuFins make generate sufficient returns for the PuFins to repay their government loans, then long term debt sustainability is little affected. Limited transparency and the risk that the PuFins may suffer impairments on their investments will probably make bond market investors skeptical of the extra gilt
CNBC
Alaska Senate: Peltola seeks quick dismissal of DOJ election lawsuit suit before midterm
The winner of the Alaska Senate election could determine whether Republicans or Democrats have a majority in the Senate in the next Congress.
CNBC
Brazilian stocks rocked as Lula wins presidential election, Bolsonaro reportedly refuses to concede
It's the first time since Brazil returned to direct elections in 1989 that a candidate has won the final runoff after losing in the first round.
CNBC
Meta announces $95 billion stock offering to fund AI expansion
Meta plans to raise $95 billion to fund AI infrastructure and superintelligence, as Nvidia, AMD and Broadcom eye up to $5 billion in shares.
CNBC
Mortgage rates above 7% are the 'new normal'—here's why
High inflation and competition for investor dollars are helping keep longer-term interest rates elevated, economists say.