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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opinion
The Little-Known Democratic Socialist Plan to Reshape the American Left Through Labor Unions
The Democratic Socialists of America is quietly building a network of activists to influence unions that are central to the Democratic Party. The organization’s plan encourages young socialists to select jobs where they can either unionize or join existing unions and move them further to the Left. While most Americans are aware of DSA-backed officeholders… -
opinion
Reminding Corporations What They Are For
Edmund Burke, defending the “little platoons” of civil society against the leveling ambitions of revolutionary abstraction, would have found some to admire but little to recognize in the modern American corporation, an institution that has, in recent decades, developed an un-Burkean appetite for causes well beyond its charter. The Heritage Foundation’s Free Enterprise Initiative has… -
opinion
Homebuyers Deserve the Facts About Crime and Schools
Nothing is more natural when buying a house than looking into how safe the neighborhood is and, if you have or plan to have children, whether the schools are any good. Yet the last Democrat presidential administration tried to prevent real estate agents from answering those kinds of questions because it prioritized “diversity” over safety… -
news
Year After Deadly Crash, 21 Blue States Move to Block Trump Commercial Driver’s License Data Request
Democrat attorneys general have sued to block the Trump administration from accessing records on commercial driver’s licenses. The Trump Department of Transportation has stepped up enforcement of commercial driver’s licensing rules, seeking more information from states to find unqualified truck drivers, including illegal immigrants. It has threatened to withhold about $10 million in funding if… -
opinion
Victor Davis Hanson: You’re Not a Socialist—You Just Chose a $200K Degree Over a Trade
Editor’s note: This is a lightly edited transcript of the latest edition of “Victor Davis Hanson: In His Own Words” from Daily Signal senior contributor Victor Davis Hanson. Subscribe to Victor Davis Hanson’s own YouTube channel to watch past episodes. Sami Winc: So, Victor, let’s look at some of these primaries. We already talked a little bit… -
opinion
The Estate Tax Rewards the Wealthy for Funding Progressive Foundations
America’s private fortunes are the economic engines that built the most prosperous economy in world history, and they are giving themselves away. Since her 2019 divorce from Jeff Bezos, MacKenzie Scott has handed out $26 billion—much of it to racial equity, DEI, and “social justice” causes. Warren Buffett has pledged 99% of his roughly $170… -
news
US Consumer Prices Increase as Expected in July
U.S. consumer prices increased slightly in July, potentially weakening the argument for an interest rate increase from the Federal Reserve next month. The consumer price index edged up 0.1% last month after dropping 0.4% in June, which was the first decline in six years, the Labor Department’s Bureau of Labor Statistics said on Wednesday. In… -
opinion
The Quiet Manufacturing Boom
Beneath the cacophony of media noise, an important untold story emerges: A manufacturing boom is unfolding across America right now, and especially so in the geographic center of the country. This developing boom represents an epochal shift because investments in factories and tangible production involve the stickiest kind of capital expenditures. The commitment to production… -
news
New Report Exposes the Foreign Cash Behind ‘Extremist Climate Activist Movement’
Foreign donors have poured over $130 million into U.S.-based climate activist nonprofits, according to a new database tracking over $5 billion in foreign funding. “Our database makes it clear foreign cash is bankrolling much of the extremist climate activist movement in America,” Caitlin Sutherland, executive director of Americans for Public Trust, told the Daily Signal…. -
opinion
What El-Sayed’s Victory and the DSA’s Rise Could Do to the Economy
Last week, democratic socialist Abdul El-Sayed narrowly defeated Rep. Haley Stevens in Michigan’s Democrat primary for U.S. Senate, securing 48.5% of the vote. El-Sayed will now face former Republican Rep. Mike Rogers in a toss-up November race that could determine control of the Senate. This result is not an isolated event. Across the country, socialists… -
news
Gov. Kemp Discusses Impact of New Siemens Facility on Georgia’s Job Growth
On Friday, Gov. Brian Kemp announced the impact that Siemens will have on Georgia’s workforce over the next few years. The global technology leader is building a 550,000-square-foot facility near Pendergrass and will add 1,400 new jobs to the state over the next three years. This expansion signifies a $185 million investment, Kemp and other… -
opinion
The Value and Virtues of Free Enterprise
Socialism is on the rise, and capitalism is on its back foot. The implications span all parts of our society but certainly include corporate governance. As is often the case, the corporate governance issue boils down to who makes decisions, and to what end those decisions are—and should be—aimed. Should corporations strive solely to maximize shareholder value?… -
analysis
FOOD FIGHT: Kinnett and Knowles Explain What’s Really Behind the Burrito Wars
In what has been “”the weirdest, goofiest” manifestation of divides on the right, at least according to Daily Signal’s Tony Kinnett, some on the right are at each other’s throats over the cost of burritos. The debate started when Turning Point USA’s Andrew Kolvet took to X to relay a recent conversation he had with… -
news
Fox News Owns Every Top 10 Spot in Cable News Ratings
Fox News once again dominated the cable news scene last week, according to Nielsen Media Research. The cable news network wrapped up a strong July with another week as No. 1 in all demographics. Among viewers aged 25 to 54, a key demographic for advertisers, Fox News led all cable channels in total day ratings… -
news
SAVE America Is Heading in a ‘Very Favorable Direction’
Efforts to advance the SAVE America Act received a boost on Wednesday afternoon following what Sen. Mike Lee, R-Utah, described as a “very productive” Senate Republican meeting. Lee said discussions have moved in a “very favorable direction.” “We’re talking now much more about how best to do this—not whether to stay and work on the… -
opinion
2 Ways to Fix Inflation
Housing affordability is awful, and it looks set to get worse. Unless, of course, we take corrective action, especially on immigration and war. Here’s the harsh current reality: Inflation continues to bedevil far too many Americans. Other than owners of substantial assets, wage earners have struggled in this economy for five years, ever since the… -
news
US Job Openings Drop in June, Hiring Increases
WASHINGTON, Aug. 4 (REUTERS)—U.S. job openings dropped in June amid a sharp decline in the health care and social assistance sector, but a rise in hiring and low layoffs suggested the labor market remained stable. Job openings, a measure of labor demand, had decreased by 178,000 to 7.359 million by the last day of June,… -
opinion
Victor Davis Hanson: New York’s Property Tax Crackdown Is Just the Beginning
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. Zohran Mamdani, the mayor of New York, has just stirred up a lot of controversy. He said that he wanted to go after property owners who had… -
opinion
High Electric Bills Are a Choice—and Pennsylvania Must Choose Wisely
Pennsylvania legislators have prioritized electricity affordability this year. First, they exited the Regional Greenhouse Gas Initiative, the multistate carbon-tax compact. Then, with the newly passed state budget, they defeated Gov. Josh Shapiro’s Lightning Plan, which would have layered an additional in-state carbon tax and expanded Pennsylvania’s clean-energy mandate. But Pennsylvania’s Alternative Energy Portfolio Standard remains on the books, unexamined… -
opinion
Social Security’s Countdown Clock Just Got Louder
Somewhere inside the Committee for a Responsible Federal Budget this week, an analyst hit “publish” on a paper that should have led the evening news. The finding: no single change to how Washington taxes Social Security benefits will save the program. Reforming benefit taxation could help, the group said, in its July 30 paper on the subject, but only as…