Donald Trump recaptured the White House in part by relentlessly exploiting Joe Biden's failure to heed widespread concerns about the rising cost of living. Now, bizarrely, President Trump is walking himself'and his party'into the same perilous trap by denying the economic reality that working families are living. In the summer of 2023, as he geared up his ill-fated race for reelection, Biden mounted a campaign to convince the public that his policies had delivered the economy and American workers from the depths of the pandemic to renewed prosperity. 'Our plan is working'Bidenomics,' the president declared during a rally at the Philly Shipyard. Biden had some legitimate claims. An impressive 13 million jobs had been created on his watch, and growth was relatively strong. He had pushed through policies that had begun to lift wages. Still, Americans were not nearly as enthusiastic as the president about an economy he had ill-advisedly branded with his name. Inflation spiked as the pandemic waned, fueled by pent-up demand and exacerbated by the massive stimulus program that Biden had enacted during the COVID crisis. Americans now felt a cost-of-living crisis. The day that Biden spoke to shipyard workers in Philadelphia, the cost of goods was about 17 percent higher than when he had entered office; it would rise to 21 percent by the end of his term. In polls, Americans consistently listed the economy and inflation as their top concerns and gave Biden dismal grades for his handling of them....

President Donald Trump has promised not only that America will be 'great again' but also that it will be 'healthy again,' 'wealthy again,' 'beautiful again,' and'crucially''affordable again.' Now, as the country faces persistent inflation, a housing crisis, and rising prices on consumer goods, he claims that affordability is nothing more than a 'con job,' an opportunistic buzzword leveraged by a rival party. 'The word affordability is a Democrat scam,' he said during a Cabinet meeting on Tuesday. Incoming presidents don't get to pick the economy they inherit, but they can only credibly blame their predecessors for so long. In a Fox News poll last month, almost twice as many respondents said that Trump, not Joe Biden, is responsible for current economic conditions. Per new polling from Politico, 46 percent of Americans say the cost of living in the United States is the worst they can remember it being, and 46 percent think Trump is to blame for those high costs. The trend isn't entirely new; voters have blamed Trump for the economy throughout the year. As frustration persists, the president is pointing fingers at the Democrats, but he can't dispute the data....

Think of the cattle auctioneer's chant as a prayer. To the untrained ear, it's nonsense, a stream of words compressed beyond recognition. If you know what to listen for, phrases emerge from the hum and buzz: Will you go four' Will you give five' The job of the auctioneer is to whip bidders into a frenzy, selling cows, heifers, bulls, and steers at the highest price possible through the power of constant supplication. Until recently, those prayers had been answered. Feeder-cattle futures traded up through the fall, driven in part by President Donald Trump's tariffs on foreign-food imports. Beef prices reached new highs this year too. Ground-beef is up more than 50 percent compared with 2020 (and some restaurants have adjusted their menus accordingly); next year, they could be 60 percent higher than they were this September. But growing concerns about inflation and affordability seem to have forced Trump to reconsider his trade-war strategy: Ahead of Thanksgiving, he announced that he was rolling back tariffs on beef. Prices at grocery stores haven't budged, and ranchers, whose fortunes rose with those tariffs, are now suddenly at odds with a president who was once their champion....

The medical imaging operator plans to sell 25m shares at $17 to $20 each as private equity firms accelerate long-delayed exit plans amid stronger equity markets and falling interest rates. First-time listings saw their busiest autumn in four years before political gridlock in Washington paused activity. Lumexa runs 184 outpatient centres across 13 states, offering MRI and CT diagnostic services. Its IPO comes as AI-driven imaging tools gain traction, promising greater accuracy, lower costs, and wider patient access. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today....