U.S. beef prices are setting records due to shrinking beef herds amid steady consumer demand.
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U.S. EXISTING HOME SALES EDGED HIGHER IN SEPTEMBER
In September, sales of existing U.S. homes rose 1.5 percent from August to 4.06 million units, the most since February, the National Association of Realtors reported.
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EUROPEAN RATINGS AGENCY DOWNGRADES U.S. CREDIT
Scope, a major European rating agency, reduced the U.S.’s creditworthiness by one notch last week, pointing to the continued deterioration in fiscal conditions and a growing inability to govern.
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INFLATION ROSE AGAIN IN SEPTEMBER BUT LESS THAN EXPECTED
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.
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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.”