Economy

Sen. Cynthia Lummis (R-WY) told Breitbart News in an interview that the energy companies’ exodus from the Golden State proves that Gov. Gavin Newsom (D-CA) would be a terrible president.

A federal judge has quashed two Justice Department subpoenas targeting the Federal Reserve, the Wall Street Journal reported Friday, delivering a significant legal victory to the central bank and a serious setback to the criminal probe that U.S. Attorney Jeanine Pirro had opened into Fed Chair Jerome Powell.

Palantir Technologies CEO Alex Karp stated that “uniquely American” AI is providing the United States and its allies with a significant advantage in the escalating conflict in Iran and throughout the Middle East region.

Treasury Secretary Scott Bessent said on Friday that the U.S. Navy will “soon” begin escorting oil tankers through the Strait of Hormuz to protect them from Iranian terrorist attacks.

Iran’s top diplomat at the United Nations declared Thursday, “We are not going to close the Strait of Hormuz.”

Sentiment started to improve until the U.S. attacked Iran this month.

New orders for long-lasting U.S. manufactured goods were unchanged in January, a sign that factory demand remained sluggish at the start of the first quarter.

Americans’ disposable income surged in January as the Trump tax cuts began flowing through paychecks, boosting the personal saving rate while consumers held back on spending, according to data released Friday by the Bureau of Economic Analysis.

The establishment case against tariffs got a polished restatement this week. It is worth examining carefully because it gets the problem wrong, gets the causation wrong, and offers wishes in place of solutions.

The Republican-controlled West Virginia Senate Judiciary Committee is moving to water down an E-Verify bill to excuse more businesses from being required to use the system for hiring migrants.

Pentagon Chief Technology Officer Emil Michael joined the Alex Marlow Show to explain the fall from grace of Anthropic, once the Pentagon’s only approved AI partner. According to Michael, Anthropic was a “chosen winner” of the Biden administration who “wanted to get in between the command structure and the warfighter.”

Republican state attorneys general are blasting the Justice Department’s abrupt settlement with Live Nation and Ticketmaster, warning the deal leaves the entertainment giant’s dominance largely intact and vowing to continue the antitrust fight.

The Dow Jones Industrial Average dropped more than 500 points in midday trading.

Sam Altman’s OpenAI announced a partnership with North America’s Building Trades Unions (NABTU) on Wednesday as the AI company accelerates its data center construction efforts across the United States.

Businessman Vivek Ramaswamy’s Ohio gubernatorial campaign is launching a $10 million ad buy on Thursday that will remain on television all the way through the general election.

Mark Zuckerberg’s Meta has acquired Moltbook, the Reddit-like platform where AI agents communicate with each other, in a deal that brings the controversial viral sensation under the tech giant’s umbrella.

Almost 19 million illegal migrants are living in the United States, according to the Federation for American Immigration Reform.

On the 250th anniversary of “The Wealth of Nations,” it is worth noting that Adam Smith defended the policy mix now advanced by President Trump.

Bluesky announced Monday that CEO Jay Graber is stepping down from her leadership position at the leftist echo chamber which has been losing users over the last year. Graber will transition to a new role as chief innovation officer at the social media company.

Starbucks founder Howard Schultz says he and his wife are leaving their home in the blue city of Seattle, Washington, and are relocating to Florida. The announcement came after the Washington state House passed a millionaires tax, as well as the coffee giant opening a new corporate office in Nashville, Tennessee.

Bank of England to end printing images of great Britons on its paper money, as pictures of wildlife are “not divisive”. 

Amazon’s ecommerce division has called together a large contingent of engineers for an urgent meeting to examine multiple recent outages, some of which have been linked to AI coding tools.

The 32 member countries of the International Energy Agency unanimously agreed Wednesday to release 400 million barrels of oil from their emergency reserves, the largest coordinated stock release in the agency’s 52-year history.

On Tuesday, the Democrat-run State of Washington passed a massive wealth tax. Hours later, former Starbucks CEO Howard Schultz announced his move to Republican-run Florida.

China’s draft “five-year plan” for the upcoming period includes the objective of expanding road infrastructure in occupied East Turkistan and Tibet, the South China Morning Post observed on Tuesday, to “better project power” there.

The International Energy Agency has proposed the largest release of oil reserves in its history to bring down crude prices that have soared during the U.S.-Israel war with Iran, the Wall Street Journal reported Tuesday.

Consumer prices continued to rise at a moderate rate in February.

Adam Smith, often considered the patron saint of free markets, argued that a 50% tariff would improve domestic production and make British goods more competitive on international markets.

On Tuesday’s broadcast of the Fox Business Network’s “The Bottom Line,” former Trump Economic Adviser Stephen Moore said he would favor “a temporary, maybe four-week reduction in the gas tax. There are other things, by the way, that could be done.

Europe rushing to decommission its nuclear power plants was a “strategic mistake” which now has to be rectified, European Commission boss Ursula von der Leyen has said. Energy prices are too high in Europe, which harms both consumers and industrial

Federal deportation policy is undergoing a “course correction” amid pushback from swing-voting Latinos, according to House Speaker Mike Johnson.