The tech-focused NASDAQ index fell 2.86 percent on Friday, its worst one-day drop since 5 June, after Amazon and Intel posted disappointing quarterly results, reigniting fears over the future of AI and its investment bubble.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Nov 3 2026
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THE U.S. TRUCKING INDUSTRY HAS HIT THE SKIDS
This year through October, 221 U.S. trucking firms have gone bankrupt under pressure from soaring diesel fuel prices and steadily rising insurance premiums.
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FIRST TIME IN THREE YEARS: U.S. RENTS RISE, HOME PRICES EASE DOWN
For the first time since 2023, the median selling price of a U.S. home has fallen, online brokerage Redfin reported.
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FED HOLDS RATES STEADY AS ELECTION NEARS
As many analysts had expected, the U.S. Federal Reserve chose not to alter its key interest rates at last week’s meeting, despite the Iran war’s fuel price shock driving prices higher across the economy.
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FOOD AND HOUSING TAKE ALMOST HALF OF U.S. HOUSEHOLD INCOMES
The cost of food and housing claimed 46.9 percent of U.S. household incomes in 2025, according to the Bureau of Labor Statistics’ (BLS) annual Consumer Expenditure Survey.
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U.S. GDP GREW MORE THAN EXPECTED IN THIRD QUARTER
The U.S. economy grew by 3.4 percent in this year’s third quarter, with inflation factored out, the commerce department reported.
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ECONOMIC UPDATE
The indisputable facts and data are signaling global Dragflation; declining economic growth and rising inflation.
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U.S. NATIONAL DEBT TOPS 100 PERCENT OF GDP
The U.S. government’s debt stood at $32.2 trillion on 30 September at the end of the federal fiscal year, the treasury reported.