Economy - Page 19

The Russian Foreign Ministry said on Tuesday that it still hopes to create a “cross-border payment infrastructure” for the BRICS economic bloc — in other words, an alternative currency that would dethrone the American dollar as the favored medium of international trade.

U.S. retail sales were virtually unchanged in December, missing economists’ forecasts and capping a fourth quarter marked by early holiday shopping that left traditional retailers struggling. The Census Bureau reported Tuesday that retail and food service sales were flat on

Danish pharmaceutical giant Novo Nordisk has filed a lawsuit against online telehealth company Hims & Hers, alleging the company has been illegally marketing unapproved copies of its Wegovy obesity treatments in violation of patent protections.

Deepfake fraud has evolved into an industrial-scale operation, with AI tools now making it possible for virtually anyone to create sophisticated scams targeting individuals and organizations worldwide, according to a new analysis from AI experts.

Mexico, China, and Russia vowed to provide assistance to the ailing Cuban regime this week — but none offering to provide the oil that the ailing communists desperately seek.

Department of Commerce Secretary Howard Lutnick testifies before the Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies on Tuesday, February 10.

Numerous Democratic leaders say their high-migration, low-wage sanctuary city economies are crashing because President Donald Trump is requiring them to comply with national labor laws.

Xi Jinping is betting that China can build domestic alternatives to American semiconductors and reduce its dollar exposure before either becomes a crisis.

WASHINGTON — Cyprus’s Foreign Minister Constantinos Kombos told Breitbart News exclusively that President Donald Trump is in a “unique position” to restructure the “global order” and shape world affairs in a way that an American president has not in generations.

Americans’ expectations for inflation over the next year fell in January to the lowest level in 12 months, according to a survey released Monday by the Federal Reserve Bank of New York. The median expectation for inflation one year from

President Donald Trump’s officials have dramatically expanded the deportation of migrants who do not have criminal convictions, according to a critical report by CBS.

Elon Musk announced Sunday that SpaceX has redirected its immediate focus toward establishing a self-sustaining city on the Moon, marking a significant departure from the company’s long-standing Mars-first strategy.

Monday on Fox Business Network’s “Mornings with Maria,” former Anheuser-Busch executive Anson Frericks applauded Budweiser’s effort to “pivot” from the Dylan Mulvaney endorsement that lost his former employer market share. 

President Donald Trump told NBC News in his Super Bowl interview that the United States is now in the Trump economy, and predicted 2026 will be even stronger than 2025.

The Communist Party of Cuba warned airlines operating in the country that it would soon run out of jet fuel, reports revealed on Monday, potentially lasting through the middle of March.

A senior Meta researcher alerted company executives that as many as 500,000 minors could be targeted daily by online predators on Facebook and Instagram, according to internal documents unsealed ahead of a major New Mexico trial.

Chinese regulators have advised the country’s biggest banks to rein in their exposure to U.S. Treasuries, citing concentration risk and market volatility, Bloomberg News reported Monday.

More than 900 Google workers have signed an open letter calling on the tech giant to sever its business relationships with U.S. Immigration and Customs Enforcement and Customs and Border Protection.

BMW North America is recalling nearly 90,000 vehicles due to an engine starter that may overheat and present a fire risk, the U.S. National Highway Traffic Safety Administration (NHTSA) announced Saturday.

On this week’s broadcast of Fox News Channel’s “Sunday Morning Futures,” Treasury Secretary Scott Bessent said the Dow Jones Industrial Average hitting the 50,000 milestone was “telling you that Main Street is about to prosper.”

The global semiconductor industry is projected to achieve $1 trillion in annual revenue for the first time in 2026, marking a significant milestone powered by AI applications and the expanding integration of computer chips across all economic sectors.

Apple is reducing its plans for a virtual health coach service as the company reassesses its approach to the wellness services market.

Cinema United, formerly the National Association of Theater Owners, has warned of a coming collapse if the Netflix-WB merger deal finalizes.

President Donald Trump issued a proclamation Friday opening a formerly protected area of the Atlantic ocean off the east coast to commercial fishing.

The U.S. Small Business Administration has suspended more than 111,000 California borrowers and will seek to recoup $8.6 billion in suspected fraudulent aid linked to the Covid pandemic.

Wells Fargo estimates the tab is up just 1.6 percent from last year.

Staff for the WGA West have voted to authorize a strike, claiming that union leaders negotiated with studios in bad faith. 

This week, investors decided that maybe it was time to give AI a bit of time off for good behavior, the Cato Institute celebrated rising tax bills due to immigration, and Disney made it clear that its future isn’t in entertainment.

White House press secretary Karoline Leavitt told The Alex Marlow Show in an exclusive interview on Friday that TrumpRx.com, which offers massive discounts on prescription drugs, is set to save millions of Americans thousands of dollars.

Utah has joined the growing list of states offering PragerU educational resources, as the state’s Board of Education recently approved a new online learning finance course, the conservative organization announced on Wednesday.

Republican candidate Anthony DiLorenzo has entered the race in New Hampshire’s First Congressional District with a commanding fundraising lead, outpacing all Democratic contenders in his first quarter and signaling growing Republican momentum ahead of the 2026 midterms.

President Donald Trump launched the Trump Rx website on Thursday, through which Americans can receive substantial discounts on prescription drugs.

Pizza Hut’s parent company is planning to close 250 locations across the United States as the iconic restaurant struggles with sales.

Leading tech companies experienced a massive selloff over the last several weeks, with more than one trillion dollars erased from their combined market valuations as investors expressed concern over ballooning AI expenditures.

Amazon revealed plans Thursday to invest $200 billion in 2026 on data centers, satellites, and infrastructure as part of its aggressive push into artificial intelligence, surpassing Wall Street projections by $50 billion. Shares dropped almost eight percent in Friday morning trading.