Economy News
The Daily Signal reports on economy news with analysis and commentary on growth, recession risks, employment, and financial trends.
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news
Gov. Kemp Announces $1.2B Pirelli Investment in the Peach State
Gov. Brian Kemp on Tuesday announced the expansion and investment of Pirelli, a company with roots in Italy, into the Peach State. Created in 1872, Pirelli is one of the world’s largest tire makers, creating products and services for automobiles, motorcycles, and bicycles. It has been the “Global Tire Partner of the Formula 1 World… -
opinion
Federal Reserve Chair Treats Inflation With Quack ‘Cure’
Kevin Warsh—the new, spiffy Federal Reserve chairman—just offered an old, threadbare “therapy” for nagging inflation. On Sept. 16, the central bank increased the federal funds rate from 3.75% to 4%, up 0.25%—the first such hike since Aug. 1, 2023. This move was both disappointing and counterproductive. Betraying his supply-side supporters, Warsh is peddling the exhausted… -
opinion
Victor Davis Hanson: 5 Reasons Mark Carney’s Animosity Toward the US Will Backfire
Canadian Prime Minister Mark Carney now believes he is more than just the Western foil to President Donald Trump and his MAGA movement—he is the global one. Accordingly, he seems determined to demonstrate to the world how to stand up to Trump, to force Trump to lose the midterms, and to hurt the U.S. economy… -
opinion
The New York Times Accidentally Revealed Why Higher Ed Won’t Get Rid of DEI
America’s top universities can’t quit and won’t quit DEI no matter how unpopular it is with the American people. A recent editorial in the New York Times titled “This California Educational Juggernaut Doesn’t Need the SAT,” highlighted the mentality that has led to the erosion of merit in our nation’s top schools and the flagging… -
analysis
3 Different Mechanisms Left-Wing Groups Use to Influence AI
Left-leaning labor unions and activist groups are seeking to influence artificial intelligence, not just in how it is deployed in schools and the federal government, but also in how technology companies build the AI models themselves. The American Federation of Teachers, the U.S.’ second-largest teachers union and a major Democrat ally, has teamed up with… -
opinion
How the Trump White House and the USDA Are Protecting People of Faith
As director of the U.S. Department of Agriculture Center for Faith, I witness every day the power of faith in action—feeding the hungry, strengthening families, and healing communities. Under President Donald Trump and Secretary of Agriculture Brooke Rollins, the quiet miracle of faith is no longer sidelined. It is welcomed, protected, and given room to grow. The Coptic Christian community I belong to knows what it means… -
news
Dominion Energy Merger Under Scrutiny on Final Stop of ‘Listening Tour’
Virginia Lt. Gov. Ghazala Hashmi will host her final meeting next week in Roanoke to discuss the purchase of Richmond-based utility Dominion Energy by Florida-based NextEra Energy. Hashmi, who scheduled five total sessions for her “Energy Costs Listening Tour,” has already held meetings in Loudoun, Norfolk, Richmond, and Charlottesville. Opponents of the merger want to… -
exclusive
Top Trump Official Responds to Rural Americans’ Concerns About AI
FIRST ON THE DAILY SIGNAL—Secretary of Agriculture Brooke Rollins said the issue of artificial intelligence must be approached with intentionality, as many of the rural Americans she talks to have serious concerns about the rapidly developing technology. “I do trust the president. I do believe that if we don’t stay focused on winning the AI… -
news
Federal Union Suing Trump Endorses AOC, Tlaib, Omar, Talarico, 100+ Democrats
The American Federation of Government Employees, America’s largest federal government union, has endorsed more than 100 Democrats and a handful of Republicans in the 2026 midterm elections, while AFGE also files lawsuits to block President Donald Trump’s federal workforce reforms. AFGE, which represents more than 800,000 federal and D.C. government employees, has endorsed House Minority… -
exclusive
Top Cabinet Official Signals Prices Will Drop Soon
FIRST ON THE DAILY SIGNAL—Secretary of Agriculture Brooke Rollins told the Daily Signal that she predicts beef prices will decrease before the November midterm elections. Beef prices fell 1% in August, after a 0.8% decline in July. But Rollins said the Trump administration is not done working toward lower prices. “I think there’s a lot… -
opinion
Victor Davis Hanson: Mark Carney Is Leading Canada ‘Right Over the Cliff’
Editor’s note: This is a lightly edited transcript of today’s video from Daily Signal senior contributor Victor Davis Hanson. Subscribe to our YouTube channel to see more of his videos. Hello, this is Victor Davis Hanson for the Daily Signal. I know we’ve talked a lot about the current Canadian-American trade dispute, but it involves larger issues… -
exclusive
SCOOP: Freedom Caucus Chair Pushes for Gas Tax Relief Before Recess
FIRST ON THE DAILY SIGNAL—The Daily Signal has learned that a leading House Republican plans to force a vote on legislation he introduced on Tuesday to suspend the federal gas tax for the rest of 2026. Freedom Caucus Chairman Andy Harris, R-Md., told the Daily Signal that he believes that if the lower chamber were… -
news
‘GENIUS’: Russ Vought Weighs in on $5,000 Trump Dividend
Americans will have to wait until after the election to hear how the White House plans to pay for the $5,000 checks President Donald Trump promised to every American adult if Republicans win the House and Senate this November. Russell Vought, director of the White House Office of Management and Budget, told the Daily Signal… -
opinion
‘Trump Power Plant’ Coming to Fayette County, the Largest Investment in Its History
UNIONTOWN, Pennsylvania—Scott Dunn did not get a call from Washington. Instead, he received calls from his constituents. The chairman of the Fayette County Board of Commissioners had watched the March announcement like everyone else: a $17 billion natural gas generation hub somewhere in southwestern Pennsylvania, with 4.3 gigawatts of capacity, financed through Japan’s investment commitment… -
analysis
‘ANTI-DEMOCRATIC’: Nonprofits That Received Tax Dollars Unite to Oppose Rules Cracking Down on Waste, Fraud, and Abuse
Organizations that received federal funding under President Joe Biden and previously sued President Donald Trump’s administration have now joined a coalition letter opposing the White House’s proposed grantmaking reforms. The White House Office of Management and Budget proposed the reforms to crack down on the wasteful and ideological spending of taxpayer dollars exposed by the… -
opinion
Jobs and Manufacturing Are on the Ballot
American manufacturing is on the rebound, and that good news could hardly come at a better time for President Donald Trump, as Republicans gird themselves for the midterm elections just two months from now. Not that manufacturing is the only sector that’s on a hiring spree—businesses across the board added 162,000 new jobs in August…. -
opinion
Victor Davis Hanson: Canadians Feel Real Pain in Stage 4 of Trade War
Editor’s note: This is a lightly edited transcript of today’s video from Daily Signal senior contributor Victor Davis Hanson. Subscribe to our YouTube channel to see more of his videos. Hello, this is Victor Davis Hanson for the Daily Signal. I’d like to offer an update on the Canadian-American trade spat. Earlier, I had staged it. I… -
news
Ohio Serves as Model for Christian Education Network Expansion
The Center for Christian Virtue has announced that its Christian Education Network initiative is expanding with eight state affiliates. In 2024, The Heritage Foundation awarded the center $100,000 to support its Education Restoration Initiative and expand the Ohio Christian Education Network schools model across the country. Aaron Baer, the president of the Center for Christian… -
news
Derek Merrin Draws Contrast With Marcy Kaptur: ‘Has Been in Congress Longer Than I’ve Been Alive’
Ohio was again represented at the Republican National Committee’s Midterm Convention as Ohio’s 9th Congressional District’s Republican nominee Derek Merrin spoke on Thursday. He fired up the crowd against his opponent, Democrat Rep. Marcy Kaptur. Toledo, located in the district, used to have much more going for it, especially as “the glass industry and featuring… -
analysis
Can Trump Really Give Every Adult American $5K Check?
President Donald Trump shocked the nation Wednesday night when he promised to send a $5,000 check to every American adult if Republicans win the midterms, but conservative economists say the proposal should not come to fruition. “Because we’ve done so well, and because our country is making so much money, only I can make this…