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- Cost of Living, Immigration Overshadow US Midterms as Trump's Approval Sinks
Trump's approval has fallen to a record low of 31% in a Reuters/Ipsos poll, while cost of living and immigration dominate the November 3 midterm campaign. Half of respondents in the poll named living costs as the most important factor in their vote, and AAA data put average gasoline at $4.28, up $1.20 from a year earlier. Republicans unilaterally passed a $70 billion bill to fund ICE and Border Patrol for the rest of Trump's term, and federal agents searched Rep. Ilhan Omar's Washington home. Democrats need four more seats to take control of both chambers of Congress.
- Trump Promises Cash and Bailouts to Woo Midterm Voters Worried About High Prices
President Trump is promising a range of financial benefits to help Republicans hold seats in the midterm elections, including an $8 billion bailout for farmers and a $5,000 payment to each adult citizen if the GOP keeps Congress. The farm aid, through a “Harvest Fuel Relief program,” is meant to offset rising diesel costs, while the $5,000 plan would likely cost well over $1 trillion and faces skepticism from Democrats and some Republicans. Some benefits are already out, including $500 Affordable Care Act refund checks sent to nearly one million people and $90 payments to Medicare recipients. A Wall Street Journal poll found 64% of respondents called the $5,000 checks a bad idea. Democrats accuse Trump of trying to buy votes, and it remains unclear whether the pledges will draw out conservative voters who tend to stay home when Trump is not on the ballot.
- US midterms : Iran war and cost of living put Trump foreign policy under pressure
Foreign policy is playing an outsized role in the November 3 midterms, largely because of President Trump's war against Iran and its effect on living costs. Since the war began on February 28, petrol prices have risen nearly 50 per cent and diesel about two-thirds. Recent polling gives Democrats more than an 85 per cent chance of winning the House, while winning the Senate would require four seats, including at least two in states Trump carried by double digits in 2024. A Chicago Council survey found 86 per cent of Americans think the war hurt the cost of living, and 68 per cent say it was not worth fighting. Trump's approval hit a record low of 31 per cent in a Reuters/Ipsos poll, and 65 per cent of adults in an AP-NORC survey say higher prices are the result of his policies.
- Trump Voters Are Getting Their Asses Kicked By The Economy
This opinion column argues that Trump voters are feeling the pressure of rising gas, food and everyday costs ahead of the Nov. 3 midterm elections. It cites a CBC report that polls give Trump low marks on the cost of living, and Silver Bulletin data showing 70% of Americans disapprove of his handling of inflation. The author says Trump has blamed Democrats, insisted prices fell when they had risen, and campaigned in red states including Alaska, Kansas, Ohio and Texas, while the GOP risks losing Congress. The column concludes that voters will judge the president on what they pay, not on his promises.
- US midterm elections : Trump wars , rising costs and voter backlash threaten Republican control of US Congress
The November 3, 2026 midterm elections will decide whether Republicans keep control of Congress, with all 435 House seats, 35 Senate seats and 36 governorships up for grabs. Republicans hold a 53–47 Senate advantage, and Democrats need a net gain of four seats to take control. A Pew survey found only 30% of Americans approve of Trump's performance while 68% disapprove, and a Harris Poll found 61% believe the country is effectively in a recession. Competitive Senate races are emerging in Trump-won states including Alaska, Kansas, Iowa, Ohio and Texas, where Democrat James Talarico leads Republican Ken Paxton 50% to 47% in a University of Texas poll.
- Trump approval hits record low as midterms near : poll
A Washington Post-ABC News-Ipsos poll conducted Oct. 9-13 found that 33% of Americans approve of Trump's job performance, 66% disapprove, and 52% strongly disapprove, down four points from July and eight from a year ago. Among likely voters, 38% approve, and only 28% approve of his handling of the economy, while roughly three in four Americans disapprove of how he has managed inflation and the cost of living. The poll gives Democrats an eight-point edge for controlling the House after the Nov. 3 midterms. Republicans hold a 53-47 Senate majority, so Democrats would need to flip at least two seats in states Trump won by double digits in 2024, which would let them block his nominees and subpoena witnesses in investigations.
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The 9-month 2026 results show many banks continued to grow profits, with some posting record quarterly earnings. VPBank's pre-tax profit reached nearly VND 30,000 billion, up nearly 47%, equal to its full-year 2025 result and about 72.4% of its 2026 plan; Q3 pre-tax profit topped VND 11,000 billion. Techcombank posted VND 28,900 billion (up 23.7%), while LPBank reported VND 10,421 billion (up nearly 9%). SSI forecasts pre-tax profit of its monitored banks to rise 19.5% in 2026 before slowing to 15.4% in 2027, pressured by narrowing net interest margins and rising credit risk provisions. It also expects system-wide credit growth of 16-17% in 2027 and 17.9% for the monitored banks.
- World's Largest Gold Fund Dumps Over 10 Tonnes of Gold as Prices Slide
SPDR Gold Trust, the world's largest gold fund, continued net selling of nearly 12 tonnes of gold in the 22/10 session, bringing total sales over 2 sessions to nearly 15 tonnes and cutting its holdings to about 1,046 tonnes. Spot gold fell more than 2.8% to around USD 4,025 per ounce at the close of 22/10, and briefly dipped below USD 4,000 per ounce in the morning session of 23/10. Tensions in the Middle East pushed crude oil prices higher, raising concerns about inflation and further Fed tightening, and gold has still not attracted sustained safe-haven demand even as US Treasury yields fell. US September CPI rose 0.6% month on month and 3.7% year on year, while PPI rose 1.3% and 6.3%. Markets price about an 84% chance the Fed holds rates steady at its 27-28/10 meeting and a 16% chance of a 25 basis-point increase; September PCE data due on 29/10 is the next key factor to watch.
- Gold Prices Continue to Fall
On the morning of 23/10, domestic gold prices kept falling, with SJC bar prices varying by seller and the premium over world gold widening. Công ty TNHH Vàng bạc đá quý Sài Gòn listed SJC bars at VND 139-142 million per tael (buy-sell), down VND 300,000; Phú Quý was at VND 138-141.8 million, down VND 500,000; and Mi Hồng at VND 140-141.5 million, down VND 800,000. Gold rings also fell by varying amounts, with DOJI at VND 138-142 million and Phú Quý at VND 138-141 million per tael. World gold dropped USD 129 to around USD 3,992 per ounce, equal to about VND 125.3 million per tael, leaving SJC bars about VND 16.7 million per tael above the world price. The State Bank's central rate was set at 25,627 VND/USD, down 5 dong, while Vietcombank quoted 25,660-26,040 VND/USD (buy-sell).
- Company Linked to Billionaire Pham Nhat Vuong Announces Major Good News
VEFAC (ticker VEF), a Vingroup subsidiary, posted Q3 net revenue of nearly VND 77 billion, up 67% year on year, but a gross loss of about VND 27 billion as cost of sales from its exhibition business exceeded revenue. Q3 profit rose mainly thanks to a gross gain of about VND 65 billion from transferring some schools in a project to a partner, while financial income reached over VND 388 billion, mostly from loan and investment income. For the first nine months of 2026, after-tax profit was nearly VND 865 billion, down about 94% from VND 15,418 billion in the same period of 2025, as the prior year included large gains from transferring part of the Vinhomes Global Gate project. As of 30/9/2026, total assets stood at over VND 31,905 billion, up 36% from the start of the year, while total liabilities exceeded VND 24,364 billion, with short-term customer advances rising from VND 411 billion to over VND 8,373 billion.
- Lotte and Phat Dat Officially Break Ground on VND 60,000 Billion Mega Project in Thu Thiem 'Golden Land'
A joint venture between Lotte Group (South Korea) and Phát Đạt (HoSE: PDR) officially broke ground on 23/10 on Lotte Eco Smart City Thu Thiem in the Thu Thiem New Urban Area, HCMC, with total investment of about VND 60,000 billion. The project covers nearly 7.5 ha and will combine Grade A offices, retail, services, accommodation and housing, adjoining the central plaza and central lake of Thu Thiem. Phát Đạt holds 35% of Lotte Properties HCMC, the project developer, and will develop the housing blocks along with two towers (2-1 and 2-3) with about 219,722 m2 of floor area, while Lotte handles block 2-5. Lotte Properties HCMC paid VND 17,569 billion in land-use fees on 31/7/2026, and Phát Đạt completed its VND 7,666 billion payment to take its 35% stake. MB is funding all of Phát Đạt's capital contribution, while VietinBank and BIDV also support the project.
- International Business : Global stocks nosedive as Meta dents AI optimism
Global stocks retreated as tech earnings failed to ease concerns about the AI outlook, with MSCI's All-World index set for its largest daily fall in two weeks, down 0.4 per cent. Meta beat third-quarter revenue expectations, but its plan to issue non-voting stock revived worries about its mounting capital commitments, and a New Mexico judge ordered it to pay a $25 billion penalty in a data privacy case. Brent crude rose nearly 3% to $112 a barrel, near a five-month high, after more Houthi attacks in Saudi Arabia raised supply risks. Investors moved into government bonds, pushing the US 10-year yield down to 5.05%, below France's for the first time in 13 years, while French yields have climbed above 5% amid concerns over social unrest and debt. The France-Germany 10-year spread reached 177.7 basis points, its widest since 2011, while gold fell 1.8% to $4,070 an ounce.
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