Economy - Page 2

Economists had forecast payrolls would grow by 240,000 and the unemployment rate would hold steady at the prior month’s 3.8 percent.

The Federal Reserve admitted yesterday that progress on inflation has stalled and that it will take longer for the Fed to achieve the confidence it needs to cut interest rates.

Immigrants “are what makes us strong,” Joe Biden told a May 1 fundraiser for pro-migration groups in Washington, D.C. 

Experts, including one of the world’s top researchers on the Uyghur genocide and a senior official in the Department of Labor, told Congress this week that legitimate audits to inspect for slave conditions and other forced labor in China, especially in the occupied Uyghur region, are “impossible.”

Kroger and Walt Disney are reportedly exploring joining forces in a retail streaming deal that would involve bringing Disney+ to the food retailer’s grocery delivery program.

An unexpected slump in productivity raises unit labor costs and risks higher inflation.

Peloton, the once-thriving fitness company, has hit another rough patch as it struggles to regain its footing in the post-pandemic era. CEO Barry McCarthy is now stepping down after the company’s share price dropped about 92 percent during his tenure.

More than 50 former Google employees who were fired in connection with protests against the company’s $1.2 billion contract with the government of Israel have filed a complaint with the National Labor Relations Board (NLRB), alleging unlawful retaliation.

Former President Donald Trump has secured an additional $1.6 billion worth of shares in Trump Media, according to a regulatory filing this week.

Former President Donald Trump vowed to end President Joe Biden’s electric vehicle (EV) mandate, which he says would “kill” Michigan’s economy and benefit China, if elected while speaking in Freeland, MI, on Wednesday night.

Republicans looking out across the chaos that has engulfed American campuses should take Richard Nixon’s advice: “Never murder a man who’s committing suicide.”

President Joe Biden’s mass migration is boosting inflation, chiefly by raising housing prices, according to the Economist, a U.K.-based pro-globalism magazine.

The vast majority of respondents in a YouGov/Economist poll believe that President Joe Biden’s America is “out of control.”

Former President Donald Trump vowed in Wisconsin to trash President Joe Biden’s so-called “Bidenomics” and reinstate “MAGAnomics” upon victory in November. 

The Fed chair does not see a rate hike coming but he acknowledged that recent setbacks on inflation mean the current rate policy will last for longer than anticipated.

Donald Trump is expected to lay out the horrible effects Bidenflaiton has had on Wisconsin families at a rally in Waukesha on Wednesday.

China’s TikTok appears to be probing ways to avoid paying Apple’s 30 percent commission on digital purchases made through its iOS app.

Elon Musk’s recent decision to fire Tesla’s entire charging team has reportedly already led to the company pulling back on its plans to expand the Supercharger network. EV owners already face difficulties finding working charging stations, especially during busy travel times, and these difficulties aren’t likely to be lessened anytime soon.

Federal Reserve officials agreed on Wednesday to hold interest rates steady for the sixth consecutive meeting, signaling that it is willing to keep rates at the highest level in more than two decades for longer than previously expected and noting that progress on bringing down inflation has stalled.

California State Sen. Josh Newman (D-Fullerton) is pushing a bill that would restrict expedited airport screening by for-profit companies such as Clear, which charges $189 per year to move passengers to the front of the TSA security line.

Job openings fell but private sector quits rose.

The National Highway Traffic Safety Administration (NHTSA) has opened a preliminary investigation into Ford’s BlueCruise driver assistance system following two separate fatal crashes that occurred at night. BlueCruise joins Tesla’s Autopilot as the second driver assistance program to face federal scrutiny.

As the evidence keeps pouring in that the U.S. is still mired in an inflationary economy, the possibility that the Federal Reserve will be forced to increase interest rates can no longer be ignored.

Shares of Elon Musk’s Tesla went up 15 percent on Monday after the electric carmaker reached a key milestone to roll out its advanced driver-assistance technology Full Self Driving (FSD) in China.

Retail giant Walmart announced Tuesday it is shutting down all of its health centers, but did not give a date for the closures.

A rare miss on profits for the fast-food chain.

Despite the Biden administration’s attempts to convince Americans that the economy is improving, consumer confidence has been sliding for the last three months.

Florida’s hospitals were hit with a massive $566 million loss just in 2024 from the costs of unpaid bills that illegal aliens incurred.

European regulators have launched an investigation into Mark Zuckerberg’s Meta, escalating pressure on the tech giant to bolster its safeguards against misinformation and foreign interference on Facebook, Instagram, and Whatsapp ahead of pivotal EU elections.

Tesla has reportedly laid off hundreds of employees, including senior executives and a majority of its Supercharging team. The desperate move comes on the heels of a major recent layoff of 14,000 workers, part of what Musk claims is an “absolutely hard core” plan to cut costs at the struggling EV company.

The odds of a Fed cut are evaporating amid the blaze of hotter than expected inflation figures.

The Dave & Buster’s entertainment restaurant will soon offer customers social wagering through its app for those who play arcade games including Hot Shots basketball and Skee Ball.

President Joe Biden appears politically unable to prevent gas prices from increasing, a sour economic reality for voters with the presidential election just months away.

ChatGPT developer OpenAI has reportedly struck a deal with the Financial Times that allows it to use the newspaper’s journalism content as a means for training artificial intelligence systems.

Bob Bakish has stepped down as the CEO of Paramount amid his company’s major merger with Skydance and its struggling streaming platform. 

Can the jobs numbers really be as good as they look?