Last month, the U.S. Consumer Price Index rose to 3 percent after ending August at 2.7 percent. Stock markets were buoyed by the news that the number squeaked in below analysts’ consensus forecast of 3.1 percent in a Wall Street Journal survey.
Category: 28 October 2025
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HEALTH INSURANCE REACHES $27,000 FOR FAMILY PLAN
The average cost of a family plan health insurance policy will jump 6 percent to about $27,000 in 2026, according to a survey of employers by the nonprofit KFF health research group, marking the third consecutive year in which the price has spiked.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Layoffs of federal employees continue as the U.S. government shut down nears the one-month mark. More than 4,100 federal employees have been laid off since the U.S. government shutdown began on Oct. 1, according to a statement from the U.S. Department of Justice.
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EYE IMPLANT RESTORES VISION IN THE BLIND
Researchers in Europe said a tiny eye implant has been successful in restoring the reading vision for the vast majority of legally blind patients in a groundbreaking procedure with AI-enhanced glasses.
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TRUMP RAMPS UP UKRAINE WAR: LIFTS SOME RESTRICTIONS ON WESTERN-PROVIDED LONG-RANGE MISSILES, IMPOSES NEW SANCTIONS
The Trump administration has lifted some previous restrictions that were placed on Western-provided long-range missiles given to Ukraine, which will allow Kyiv to reach deeper inside Russia—which was seen as a notable escalation.
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WARMONGERING FREAK GRAHAM SAYS LAND STRIKES ON VENEZUELA A ‘REAL POSSIBILITY’
Sen. Lindsey Graham, R-S.C., said Sunday that he believes it is a “real possibility” that the Trump administration ends up carrying out land strikes on Venezuela because President Donald Trump decided that Nicolás Maduro, the country’s president, is a drug trafficker and that it is “time for him to go.”
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TRUMP’S SANCTION ROUND AGAINST RUSSIA HAS INDIAN, CHINESE OIL REFINERIES LOOKING TO END IMPORTS
U.S. President Donald Trump’s newly imposed sanctions on entities that purchase Russian oil on the cheap has worried owners of Chinese and Indian refineries, who are now looking for ways to curb these purchases, which would be seen as a blow to Moscow’s economy.
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$40 BILLION BAILOUT FROM U.S. CAN’T STOP ARGENTINA’S PESO’S DECLINE
Assurances from the Trump administration and a $40 billion bailout from U.S. taxpayers could not stop the devaluation of the country’s peso last week as foreign investors took positions that the currency will weaken even more in the next quarter.
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ECONOMIC UPDATE – MARKET OVERVIEW
Today the U.S. equity markets hit fresh highs. As reported by CNBC, “The S&P 500 rose 0.23% to close at 6,890.89. It had surpassed the 6,900 level for the first time on an intraday basis earlier in the day.