Economy - Page 53

The State of California sued the Trump administration Thursday over President Donald Trump’s decision to claw back $4 billion in federal funds for the state’s troubled and delayed high-speed rail project.

Chinese state media reported on Thursday that “Chinese commerce officials have been intensively meeting representatives from the U.S. business community and academia” – and pressuring them to meddle in trade talks with the Trump administration on behalf of Beijing’s interests.

Scale AI, a leading data labeling company for the AI industry, has announced a significant restructuring that involves laying off 14 percent of its workforce, amounting to about 200 employees and 500 global contractors.

The monolithic thinking about tariffs and inflation at the Fed has been shattered, as Fed Governor Chris Waller shows leadership by breaking with Jerome Powell.

Elon Musk’s creepy brain chip company Neuralink reportedly filed as a “small disadvantaged business” with the Small Business Administration, shortly before securing a financing round that valued the company at $9 billion.

After five months of better than expected inflation reports, Americans are no longer worried about a tariff-led price surge.

For its second quarter this year, Netflix reported total revenues of $11.08 billion, with an operating income of $3.8 billion and margin of 34.1%, which are way up from last year and beyond market estimates.

The White House has rejected Rep. Maria Salazar’s (R-FL) suggestion President Donald Trump owes God a favor and should repay the debt by signing her amnesty and migration bill.

Waller says that tariffs will not create lasting inflation and the Fed should cut at its meeting later this month.

Coca-Cola decision in 1984 to use high-fructose corn syrup instead of real cane sugar was caused by Cold War diplomacy, subsidized overproduction, and a technological leap that turned surplus grain into shelf-stable sweetener.

General Motors said this week it will upgrade its facilities across the United States to boost its electric battery production and ensure America’s ability to lead in electric vehicle battery manufacturing.

Economists keep underestimating the strength of the U.S. economy.

House Majority Whip Tom Emmer (R-MN) told Breitbart News in an exclusive interview on Thursday that pro-crypto legislation moving through Congress proves that anti-crypto dinosaurs are going extinct.

June data show falling import prices despite rising inflation, pointing to tariff absorption abroad.

A growing number of embassies of foreign countries in Havana, Cuba, are struggling to access cash as Cuban regime banks freeze their accounts, claiming they simply do not have cash on hand to give, multiple sources told Breitbart News this week.

Leftist Canadian Prime Minister Mark Carney announced during a stop at a steel company on Wednesday that he would impose higher tariffs on non-U.S. steel imports to protect the Canadian steel industry from foreign competition.

Sources have revealed that many of the 200 staff being cut at mobile gaming giant King, the developer of Candy Crush, will be replaced by the very AI tools they built and trained.

A safety expert has testified that Elon Musk’s Tesla failed to adequately protect against the misuse of its Autopilot system, which a lawsuit claimed caused a fatal crash in 2019.

Indian Oil Minister Hardeep Singh Puri said on Thursday that India will be able to get the oil it needs, even if President Donald Trump imposes steep secondary tariffs on countries that do business with Russia.

U.S. import prices rose modestly in June, suggesting little evidence of inflationary pressure from foreign-sourced goods, according to data released Thursday by the Bureau of Labor Statistics. The import price index increased 0.1 percent last month, following a downwardly revised

The government of Russia announced on Wednesday that it would send its energy minister, Sergey Tsivilyov, to Beijing to meet with several high-ranking Chinese officials and heads of Chinese energy companies, a sign Moscow is concerned of losing business in the face of a threat to impose secondary tariffs by the White House.

Jaguar Land Rover (JLR) is looking to cut 500 management jobs as it copes with falling sales and brand management issues in the wake of its much-maligned woke repositioning efforts.

U.S. Special Envoy Ric Grenell accused California Gov. Gavin Newsom on Wednesday of lying about the state’s intention to conduct a “land grab” within the areas hit by the Palisades Fire and Eaton Fires.

President Donald Trump announced Wednesday that he had canceled $4 billion in federal funding for California’s beleaguered and delayed high-speed rail project — what critics call the “train to nowhere.”

At least 10 GOP legislators are pushing amnesty legislation that would flood the United States with migrants, and condemn Americans to a future of low salaries, unaffordable housing, few children, and economic subordination to China’s high-tech factories.

During an interview with CBS News on Wednesday, Sen. Elizabeth Warren (D-MA) stated that “the topline numbers look good” in the economy but “if Donald Trump doesn’t change direction, he’s going to blow this economy up.” Warren said, “So, I’ll

On Wednesday’s broadcast of NewsNation’s “Elizabeth Vargas Reports,” Rep. Mark Takano (D-CA) stated that he doesn’t understand where the idea that New York City mayoral candidate Assemblyman Zohran Mamdani (D) is anti-business comes from and Mamdani “seems very rooted in

A memorandum to enhance collaboration between the U.S. Department of Labor (DOL) and Small Business Administration (SBA) was signed Wednesday by the heads of both agencies, with DOL Sec. Lori Chavez-DeRemer saying the move will “usher in a new golden age of American manufacturing.”

The June Producer Price Index (PPI) delivered another blow to the inflation hawks who insist tariffs are driving up prices.

Key reforms to federal energy regulations are needed to meet the United States’ growing natural gas and electricity demands as outdated red tape is “masquerading as oversight,” the ALFA Institute said in a new report.

The move to have a final vote on a Republican effort to codify $9.4 billion in DOGE cuts to government spending crept forward on Wednesday after Vice President JD Vance cast a tie-breaking vote in the Senate to advance the measure.

North Atlantic Treaty Organization (NATO) Secretary-General Mark Rutte on Wednesday warned Brazil, China, India, and other heavy buyers of Russian oil they could face stiff secondary sanctions if they keep doing business with Moscow.

A longstanding vulnerability in the U.S. rail system could allow hackers to remotely trigger train brakes, according to a cybersecurity researcher and government officials.

Since February, the price of eggs has fallen by 61.2 percent. By contrast, in the final months of Joe Biden’s presidency, the price of eggs rose by 227.1 percent.

Troy Jones, Tesla’s vice president of sales, service, and delivery in North America, has left the company after 15 yearsmarking the latest high-level departure at Elon Musk’s EV giant as it faces a steep drop in sales.