Economy

This year you can be thankful that the cost of Thanksgiving dinner is down while wages are up.

Farms are increasingly buying labor-saving machinery — and raising farmworkers’ wages — because they are facing a shortage of illegal migrant workers, says an article in the New York Times.

While plenty of businesses have complained about tariffs and threatened to raise prices on consumers, Apple’s iPhone travails provide a cautionary lesson.

One of Europe’s largest airlines has revealed they will continue flying to the UK after a no-deal Brexit, despite repeated threats from pro-EU campaigners about grounded flights.

The Fed said it expected to hike rates three times in 2019. The market thinks it will only hike once.

In a recent article, Bloomberg questions whether Tesla CEO Elon Musk has forgotten about the company’s “Gigafactory 2” based in Buffalo, New York. After describing the factory as looking like an “empty Walmart Supercenter,” the report reveals that Tesla walled off areas of the plant to hide the full extent of its idled production lines.

The Departments of Justice and Homeland Security are promising to appeal President Donald Trump’s asylum reform after a San Francisco judge intervened to help illegal economic migrants get catch and release into the nation’s job market.

The risk that the Trump administration could be talked into a “trade truce” with China is fading.

The stock market plunged in the first hour of trading after retailers reported disappointing quarterly results.

October was not the disaster some feared after the steep decline in homebuilder sentiment.

U.S. soldiers rolled out more razor wire along the U.S.-Mexican border, but the more important fight on Monday took place in a San Francisco courtroom, where President Donald Trump’s deputies defended his asylum reforms from pro-immigration ACLU lawyers. 

A column in USA Today this week argues that President Trump should break up Facebook, Amazon, Google, and Netflix in the same vein as President Teddy Roosevelt.

Ghosn styled himself as a citizen of the world and championed corporate globalism. Now he stands accused of financial corruption.

New York Governor Andrew Cuomo claimed in a statement that only “extreme conservatives” and “socialists” oppose New York’s controversial tax deal with Amazon in exchange for the company’s new headquarters, which was won over after New York offered Amazon billions in financial incentives.

Facebook has submitted a patent for a system which would allow the social media giant to find out information about households based on family pictures, according to a report.

A recent poll by SurveyMonkey appears to show that public opinion on social media firms has become quite negative amongst the majority of people questioned. 57 Percent of Americans surveyed believe that social media hurts democracy and free speech.

The Wall Street Journal published an article recently which alleges that Facebook CEO Mark Zuckerberg’s newly adopted aggressive management style is causing inner turmoil at the company as he tells his staff that the company is at “war.”

Apple CEO Tim Cook recently defended his company’s decision to sign a multibillion-dollar deal with Google despite his consistent criticism of the company’s privacy policies.

A warning flare just went up from homebuilders.

An unnamed Italian government minister has claimed that French President Emmanuel Macron is the driving force behind pressure from the European Union against Italy, saying that the French leader is ultimately pushing for sanctions.

The Wall Street Journal has admitted that farmers and manual labors in Central America are hacking U.S. asylum laws by bringing children to trigger the catch-and-release loopholes.

In a lengthy post, Wednesday, Facebook CEO Mark Zuckerberg addressed the problems with “algorithmic bias” and how to create a better appeals process.

In a recorded company meeting, Amazon founder and CEO Jeff Bezos declared, “One day Amazon will fail. Amazon will go bankrupt.”

Amazon was offered a variety of incentives besides billions of dollars in subsidies and tax breaks from cities aroud the country in return for the company’s newest headquarters location.

Law professor Adam Candeub disagreed with an FTC commissioner who argued social media platforms shouldn’t be subject to regulation.

China’s massive Belt and Road infrastructure initiative (BRI) appears to be running low on both government and private funds, according to a study published on Wednesday by the American Enterprise Institute.

They told us that the metals-using American businesses would get wrecked by steel tariffs. Instead, they are thriving.

Autos and mining were weak in October but oil and gas drilling rebounded.

Advocacy groups are urging the U.S. Department of Agriculture (USDA) to name the turkey suppliers and brand names involved in a recent salmonella outbreak in time for the Thanksgiving holiday.

GOP senators are nudging President Donald Trump to give up hopes for a $5 billion down-payment on a border wall in 2019.

Trump is being pushed to agree to a trade truce when he meets with Xi Jinping at the end of November.

Elon Musk’s former business partner at PayPal, Peter Thiel, discussed the Tesla CEO’s time at the payment processor at a recent conference. He specifically discussing Musk’s plan to give all PayPal customers credit cards and how the plan backfired.