John Carney - Page 9

American companies operating in South Korea say the country’s antitrust regulator has turned enforcement into a political tool that unfairly targets them while protecting domestic competitors, according to a report released Wednesday by the National Bureau of Asian Research (NBR).

The National Federation of Independent Business said Tuesday that its optimism index fell six-tenths of a point to 98.2. Five of the 10 components that make up the benchmark declined while four climbed.

American companies are freely purchasing Chinese AI services while Chinese companies have zero ability to purchase American AI services. That’s exactly the sort of one-way trade barrier that President Trump has promised to end.

The white collar workers in Brooklyn who elected Zohran Mamdani are experiencing the economic displacement felt by blue collar workers in the Rust Belt three decades ago. They are the natural next chapter of the Make America Great Again coalition.

Key conservatives join liberals in doubting use of emergency law to impose duties on over 100 countries.

ADP report shows 42,000 jobs added, ending two-month decline.

Yesterday we explored how the battle over rate cuts has scrambled old alliances inside the Federal Reserve. Today we look closer at what’s driving that split and what it means for markets.

Donald Trump gained an unexpected ally Monday in his fight with the Federal Reserve: Governor Lisa Cook, the Fed official he attempted to fire this summer.

The U.S. government announced a $1.4 billion partnership Monday with Vulcan Elements and ReElement Technologies to build a domestic rare-earth magnet supply chain, marking one of the Trump administration’s most significant investments in reducing America’s dependence on Chinese critical minerals.

U.S. manufacturing surveys released Monday showed welcome signs of easing inflationary pressures, with both major purchasing managers’ indexes reporting slower rates of price increases in October—a potentially encouraging signal for Federal Reserve policymakers as official government economic data remains unavailable

This is the Breitbart Business Digest weekly wrap, where we tell scary stories about this week’s economic news.

Retailers are rolling out discounts on Hershey chocolates and other sweets, giving consumers a rare break from rising prices, according to a Reuters report.

The recent Harvard Business School study on tariffs is deeply flawed in ways that undermine confidence in its findings.

Each year, more of what Americans buy is made abroad, and more of what Americans earn comes from borrowing that replaces the income lost to trade. The system sustains itself not through productivity but through the continual creation of dollar assets.

The Federal Reserve reduced its interest rate benchmark by a quarter-point for a second time this year on Wednesday, bringing the short-term borrowing rate to a range of 3.75 percent to four percent.

The U.S. fiscal deficit is the mirror of the trade deficit. Attempts to close one without addressing the other merely shift the imbalance around the balance sheet.

Consumer confidence slipped slightly in October, marking the third consecutive monthly decline, though Americans showed modest improvement in their views of current economic conditions even as concerns about the future intensified, according to data released Tuesday by the Conference Board.

Amazon is preparing to cut as many as 30,000 corporate jobs beginning Tuesday as it looks to rein in expenses after pandemic-era overhiring, according to people familiar with the matter cited by Reuters.

Reagan imposed extensive tariffs despite free-trade rhetoric.

Tariffs still aren’t raising prices, Putin got sanctioned again, and Democrats are shattered by chandeliers—all that and more in the Friday Breitbart Business Digest weekly wrap.

Early discounts and stronger paychecks point to a plentiful Christmas.

The 2026 increase is slightly larger than this year’s 2.5 percent raise but still marks the second smallest adjustment since 2021, underscoring how far inflation has fallen from its pandemic-era highs. The annual COLA reached 8.7 percent in 2023, the highest in four decades, before slipping to 3.2 percent in 2024.

Consumer prices rose less than expected in September, government data showed Friday, clearing the path for further rate cuts from the Federal Reserve.

A new paper from researchers at the Boston Fed warns of another inflation surge. But their warning rests on questionable measurement choices, contradictory data, and a misleading citation of academic research.

U.S. existing-home sales climbed in September to their strongest pace since February as buyers took advantage of slightly lower mortgage rates, a sign that the housing market may be thawing after a long freeze. Sales of previously owned homes rose

For months, critics of President Trump’s tariff strategy have warned of an inevitable wave of inflation. That wave turned out to be a ripple, and it seems to have already ended.

Retailer’s holiday basket drops to under $4 per person, the latest sign that America’s long Bidenflation nightmare is finally over.

China’s thirty-year price war shows that “market forces” alone can’t build a secure supply chain.

Poll shows two-thirds of Republicans back president’s protectionist trade agenda, marking a fundamental shift in conservative economic orthodoxy

The St. Louis Federal Reserve released a study claiming that Trump’s tariffs added roughly 0.5 percentage points to consumer inflation. There’s just one problem: the study didn’t actually show that.

National Economic Council Director Kevin Hassett predicted Monday that the ongoing government shutdown is “likely to end sometime this week” but warned the Trump administration may impose “stronger measures” if the funding impasse continues.

The Trump administration floated a bold idea to break China’s monopoly on rare earth minerals and attract long-term investment in U.S. rare earth production.

A federal judge has temporarily blocked the Trump administration from proceeding with mass layoffs of federal employees during the government shutdown, calling the move “unprecedented” and “the epitome of hasty, arbitrary, and capricious decisionmaking.”

The final part of our series on this year’s Nobel Prize winners, we examine what happened when economists tested their creative destruction theories against real-world data and discovered what Rust Belt voters have been saying for decades.

Empire State Index Jumps to 10.7, Crushing Forecasts and Signaling Manufacturing Strength

Philippe Aghion and Peter Howitt’s Nobel Prize-winning research exposes why China’s systematic IP theft violates the core conditions required for innovation to flourish.