Markets, jobs, inflation, and the cost of living.
JOBSTwo things are true about July: the top-line hiring number was disappointing, and the composition of American employment shifted in a direction that has not moved this way in twenty years.
NEW-YORKFive city-owned grocery stores by 2029, the first in Hunts Point by the end of next year. The plan's arithmetic works only if you never ask who absorbs the difference.
ENERGYLease Sale 263 covers nearly all available federal acreage in the Gulf of Mexico — the largest single offering of offshore oil and gas territory since 2016.
ECONOMYBusiness spending on AI equipment surged 17%. Then the Strait of Hormuz disruption sent fuel costs to levels Americans haven't seen since 2022.
MANUFACTURINGThe economy's manufacturing rebound is sharper than the official forecasts called for. Whether it survives the coming retaliatory cycle is the open question.
ECONOMYMore foreign-born residents departed than arrived. The administration calls it a vindication; demographers warn of long-term labor effects.