Top neurosurgeon Dr Chirag Patel suspended over sexual relationship with patient: ‘I was afraid if she…’UK neurosurgeon Dr Chirag Patel has been suspended for 8 months over a sexual relationship with a patient and prescribing her addictive meds. Published on: May 27
Biker critically hurt after crashing into parked cab on Delhi-Jaipur highwayPolice said the impact completely damaged both vehicles and set the motorcycle on fire near Narsinghpur. Published on: May 27, 2026 7:34 AM IST By Debashish Karmakar Share via Copy link A 22-year-old man was critically
From a starry new adaptation of the classic thriller to the return of the spectacular Game of Thrones prequel – and a sketch series about US history created by Larry David. Mindy Kaling has been behind the scenes more than she has been on screen lately
On the question of utility, AI seems to be on shaky groundThe biggest AI developments, decoded. 27 May 2026. Published on: May 27, 2026 8:00 AM IST By Vishal Mathur Share via Copy link Cognitive warmup. Considering what AI companies tell us, chatbots are a mix of precise elders’ wisdom and an
Love Horoscope Today for May 27, 2026: Past love may resurface for these zodiac signsLove Horoscope Today: Find daily astrological predictions for all sun signs. Published on: May 27, 2026 7:34 AM IST By Kishori Sud Share via Copy link Aries Past love energy may return strongly today. Memories
Scores head to Bangladesh border amid Bengal’s migrant crackdownChief minister Suvendu Adhikari said those found to be Bangladeshi nationals should leave the country voluntarily. Updated on: May 27, 2026 7:19 AM IST By Joydeep Thakur Share via Copy link Scores of people identified by authorities
Google techie with ₹80 LPA rejected by Indian startup over college CGPAA techie earning ₹80 LPA spoke with Hindustantimes.com after an Indian startup rejected him on WhatsApp over an old college CGPA. Published on: May 27, 2026 6:47 AM IST By Trisha Sengupta Share via Copy link An Indian
'Special exam for students who skip paper on Eid': DU tells court after Muslim student's pleaA petition was filed by a fourth-semester law student challenging Delhi University’s decision to hold examinations on Eid. Updated on: May 27, 2026 7:46 AM IST By Shruti Kakkar
Trump's 'roaring' economy meets a rough start to 2026: What the latest numbers show
President Trump's predictions of a booming economy in 2026 are being challenged by recent data showing job losses, rising gas prices, and stock market declines. Despite his optimistic rhetoric, economic indicators suggest a volatile start to the year, potentially impacting the upcoming midterm elections.
President Donald Trump promised that 2026 would be a bumper year for economic growth, but instead it has kicked off with job losses, rising gasoline prices and more uncertainty about America's future.
In his State of the Union address less than two weeks ago, the Republican president confidently told the country: "The roaring economy is roaring like never before." The latest batch of data on jobs, pump prices and the stock market suggests that Trump's roar has started to sound far more like a whimper.
There is a gap between the boom that Trump has predicted and the volatile results he has produced - one that could set the tone in this year's midterm elections as he tries to defend his party's majorities in the House and Senate. With Trump's tariffs drama ongoing, the war in Iran has suddenly created inflationary concerns regarding oil and natural gas. To the White House, it is still early in the year and stronger growth is coming.
Also read: Trump defends Iran war decision as oil soars above $100 for the first time in 4 years
No signs of a jobs boom "WOW! The Golden Age of America is upon us!!!" Trump posted on social media Feb. 11 after the monthly jobs report showed gains of 130,000 jobs in January.
Since then, the job market has evaporated in worrisome ways.
Friday's employment report showed job losses of 92,000 in February. The January and December figures were revised downward, with December swinging to a loss of 17,000 jobs. Monthly data can be rocky, but a trend has emerged that shows an enduring weakness. Without the health care sector, the economy would have shed roughly 202,000 jobs since Trump became president in January 2025. Still, his administration notes that construction job gains outside of the housing sector point to future hiring growth.
Trump often brags that jobs are going to people born in the United States, rather than to immigrants. But the latest report punctured some of that argument.
The unemployment rate for people born in the U.S. has climbed over the past 12 months to 4.7% from 4.4%. This means a greater share of the people who Trump said would get jobs because of his immigration crackdown are, in fact, searching for work.
Prices at the pump are going up "Slashing energy costs is among the most important actions we can take to bring down prices for American consumers," Trump said in a February speech in Texas just before the U.S. and Israel attacked Iran. "Because when you cut the cost of energy, you really cut -- you just cut the cost of everything."
You can follow our live coverage of the Iran-Israel war here
The president has repeatedly told Americans that keeping gas costs low would be key to defeating inflation. He has talked up the decline, citing figures that were far below the national average to assure the public that driving was getting cheaper.
But the strikes against Iran that began Feb. 28 have, for the moment, crushed that narrative. Prices at the pump have jumped 19% over the past month to a national average of $3.45, according to AAA. The investment bank Goldman Sachs warned in an analyst note that, if higher oil prices persist, inflation could rise from its 2.4% reading in January to 3% by the end of the year.
The administration is banking on plans to contain any energy price increases, essentially betting that either the conflict will end shortly or the administration can succeed in getting more tankers through the Strait of Hormuz.
On Sunday as oil prices rose above $100 per barrel for the first time since 2022, Trump sought to assure anxious Americans that it was a temporary problem.
"Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for U.S.A., and World, Safety and Peace. ONLY FOOLS WOULD THINK DIFFERENTLY!," Trump posted on social media.
Stocks are off their highs "You know, we set the all-time record in history with the Dow going to 50,000," Trump said Thursday at the White House.
This frequently repeated talking point has grown stale. The Dow Jones Industrial Average, one of Trump's preferred measures of success, has dropped 5% over the past month. Stocks are up during his presidency, just as they were previously when Democrat Joe Biden was president. The recent decline could be reversed if the war with Iran ends and companies see solid profits over the next year and beyond. The recent dip, however, should be a warning sign as the administration has stressed the importance of more people investing in the stock market through vehicles such as "Trump accounts" for children.
The stock market has become a barometer of how people feel about the economy, with stock investors tending to have more confidence and those without money in the markets being more pessimistic.
Joanne Hsu, the director of the University of Michigan's surveys of consumers, noted that in February a "sizable" increase in sentiment among people owning stocks "was fully offset by a decline among consumers without stock holdings."
Productivity is up, but workers aren't benefiting Trump can point to a win in that the economy has become more productive - generating more value for each hour of work. That is a positive sign for long-term growth in the U.S. and a reflection of its strong tech sector.
Business sector labor productivity climbed 2.8% in the fourth quarter of last year, the Labor Department reported Thursday. But the challenge is that the gains might not be spread to workers in the form of higher pay as labor's share of income last year fell to the lowest level on record, noted Mike Konczal, senior director of policy and research at the Economic Security Project, a nonprofit aligned with liberal economic issues.
Economy grew at a faster pace under Biden "Under the Biden administration, America was plagued by the nightmare of stagflation, meaning low growth and high inflation - a recipe for misery, failure and decline," Trump said at the World Economic Forum in Davos, Switzerland, in January.
The scoreboard tells a far different story, one that makes Biden's track record in 2024 look better than Trump's performance last year. The U.S. economy grew at a 2.8% pace during Biden's last year, compared with 2.2% under Trump in 2025.
As for inflation, the primary measure used by the Federal Reserve is the personal consumption expenditures price index. It was 2.6% in both 2024 and 2025.
Trump has staked his economic argument on doing better than Biden. But while he has avoided the inflation spikes that haunted Biden's presidency, he has not delivered stronger growth or more hiring.
Add as a Reliable and Trusted News Source Add Now!
Source: EconomicTimes
Related Posts: How Russia’s Economy Is Booming Despite Sanctions Fraudulent scientific papers are booming Digital detox’ is now a booming business but it won’t do much to reduce your screen time Tanzania’s avocado exports are booming but much of the fruit goes to waste bankrupt entrepreneur overcomes debt to build booming sausage business French malt major Soufflet to invest $118 mln in India amid booming beer demand Women in Indian sports sweat for their share of a booming market Why nuclear is now a booming industry Booming AI chip demand helps create two new $1tn club members Iran president orders talks with US as President Trump hopeful of deal
An ethical hacker who just won major prizes at a prestigious international competition says her days of competing could be numbered due to the rise of AI tools like Claude Mythos. Valentina Palmiotti - better known as Chompie - was the most successful individual at the annual Pwn2Own hacking
1 hours ago
The Delhi Development Authority (DDA) has announced the second phase of its “Karmayogi Housing Scheme-2025” in Narela, offering 1,522 newly built flats for government employees and pensioners. Online booking for the flats will begin on June 1 at 12 noon on a first-come, first-served basis
1 hours ago
Mackenzie Shirilla’s chilling jail nickname revealed by ex-girlfriend after fatal crash case; ‘she’s not a good person'Mackenzie Shirilla’s former prison girlfriend says the convicted Ohio woman joked about a chilling nickname behind bars. May 27, 2026
1 hours ago
Manchester City are leading the race to sign Elliot Anderson, with the Nottingham Forest midfielder leaning towards a move to Etihad Stadium instead of rivals Manchester United. There is a growing expectation Anderson will leave the City Ground this summer
1 hours ago
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.I’ve covered home appliances for years, and here’s why convertible refrigerators are trendingAfter analysing kitchen trends, I’ve found that standard refrigerators no longer fit
1 hours ago
Here’s why Ranveer Singh refused to meet FWICE officials to resolve Don 3 disputeFWICE chief advisor Ashoke Pandit maintained that Ranveer Singh must sit down with Farhan Akhtar to resolve the dispute surrounding Don 3. May 27, 2026, 07:23:36 IST Written by Sugandha Rawal Share via Copy link The
1 hours ago
At the interbank foreign exchange market, the rupee opens at 95.43 against the US dollar, down 17 paise from its previous close. The Indian rupee on Tuesday declined 17 paise to 95.43 per US dollar in the opening trade, as fresh US strikes in the Middle East dent optimism over an imminent peace
1 hours ago
NASA has unveiled a $20 billion plan to establish a permanent moon base, with three missions scheduled for this year to deliver equipment and test technologies. The agency aims to land astronauts in 2028, marking humanity's first outpost on another celestial world
1 hours ago
On May 26, 2014, Modi took charge as India's Prime Minister with landslide victory. He got re-elected with a bigger mandate in 2019 and again became the prime minister for the 3rd time in 2024. New Delhi: Prime Minister Narendra Modi completed 12 years in office on Tuesday with the ruling BJP and
1 hours ago
From Punjab to West Bengal, leaders of major Opposition parties such as the Samajwadi Party, the Trinamool Congress and the Aam Aadmi Party have voiced support for the Cockroach Janta Party over the past week. The satirical political campaign has gone viral
1 hours ago
BENGALURU, May 27 (Reuters) - Global companies expect AI to accelerate the creation of new products and intellectual property at their Indian technology hubs, underlining the country's growing role as an innovation base even as the futuristic technology reshapes work
1 hours ago
MP woman sits with 42-year-old fashion designer son's corpse for 5 days, praying for his revivalPolice said a milkman went to deliver milk and reported a foul odour and seeping blood, leading to the discovery of the body five days after the man died Updated on: May 26
1 days ago
There are few ingredients as deeply tied to Indian summers as the mango. Whether eaten chilled straight from the refrigerator, folded into creamy desserts or blended into festive family recipes, mangoes occupy a space that feels equal parts nostalgic and indulgent
1 days ago
Think tanning and pigmentation are the same? Experts decode the crucial differences between the twoTanning and pigmentation are often used interchangeably, but there’s quite a difference between the two. Experts decode the difference. Published on: May 26
1 days ago
‘Don’t visit Sikkim if you litter’: Anand Mahindra sparks civic sense debateAnand Mahindra’s X post on littering in Sikkim has gone viral, sparking debate on civic responsibility and tourist behaviour. Updated on: May 26, 2026 4:46 PM IST By Vaishali Kapila Share via Copy link Industrialist
1 days ago
In February 2025, Bybit’s authorised signers approved what appeared to be a routine internal transfer from cold storage. They were using hardware wallets, multisig protection, and the operational protocols considered industry best practice. The transaction they signed was not the one displayed on
1 days ago
South Korean seven-piece BTS have won artist of the year at the American Music Awards (AMAs) for the second consecutive year, cementing their status as one of the world's biggest bands. The award, considered the ceremony's grand prize, is just the latest crown jewel for the so-called kings of K-pop
1 days ago
China and Pakistan have reached a "new broad consensus" on deepening strategic ties to beef up development of a joint economic corridor and establish the port of Gwadar as a regional connectivity hub, the neighbours said on Tuesday (May 26, 2026)
1 days ago
The First Class of AI Natives Is Graduating. Offices Are Getting Ready.They face cuts to entry-level jobs. They’re also highly sought after for their AI skills. Updated on: May 26, 2026 3:56 PM IST WSJ Share via Copy link Emma Kanjorski doesn’t consider herself an advanced AI user—at least
1 days ago
Four All India Anna Dravida Munnetra Kazhagam MLAs have resigned from the Tamil Nadu Assembly over two days, with three of them joining the ruling Tamilaga Vettri Kazhagam, The Hindu reported. Three of them, Maragatham Kumaravel, the MLA from Madurantakam
1 days ago
Chinese authorities have executed a man for murdering his associate, billionaire gaming tycoon Lin Qi. In 2020, a disgruntled Xu Yao poisoned Lin for sidelining him shortly after he helped him land a Netflix deal, local media reported. Lin's Yoozoo Games holds the film adaptation rights for the
1 days ago
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.Backpacking across Europe? A solo traveller and content creator suggests the perfect packing listA solo traveller shares the smartest Europe backpacking essentials
1 days ago
One Systems, the parent company of Mobikwik, has received in-principle approval from the Reserve Bank of India (RBI) for a Payment Aggregator-Physical (PA-P) licence, allowing the fintech firm to push into offline across India.The approval comes a month after the company secured a from the RBI
1 days ago
"You can't beat that!" Djokovic challenges world no. 1 Sabalenka to a clay-court dance battleTennis star Novak Djokovic revived his victory dance and challenged world No. 1 Aryna Sabalenka to continue their playful dance-off ritual Published on: May 26
1 days ago
PM Modi to visit Australia in ‘near future’: Australian foreign minister Penny WongWong said Australian Prime Minister Anthony Albanese had announced that Modi would visit Australia in the “near future”. Updated on: May 26, 2026 4:46 PM IST By HT News Desk Share via Copy link Prime Minister
1 days ago
Woman shows ladoos melting in Delhi heat, says ‘Inki abh barfi banegi’A viral video showing boxes of ladoos turning into a soft mess has left the internet amused, as people react with memes and relatable summer experiences. Updated on: May 26
1 days ago
Martha Mitchell was a flamboyant Washington DC socialite whose husband was embroiled in the Watergate scandal. Her shocking claims of a violent abduction and a "dirty business" were ridiculed as delusional – until they turned out to be true. Martha Mitchell was a character; everyone agreed on
1 days ago
