Economy - Page 23

DHS is ending a policy that automatically extended work permits for millions of migrants in the United States.

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.

WASHINGTON — Republican National Committee (RNC) chairman Joe Gruters told Breitbart News exclusively that he is “cautiously optimistic” about Republican chances to hold their U.S. House and U.S. Senate majorities next November.

The “easing” of rental prices coincides with a slowdown of illegal and legal immigration to the United States, the Wall Street Journal admits.

A bipartisan group of lawmakers including Sen. Josh Hawley (R-MO) have introduced the GUARD Act to restrict minors from accessing  AI “companion” chatbots, citing safety risks, privacy concerns, and mounting lawsuits.

According to the Wall Street Journal, America’s largest employers are cutting white-collar positions at an alarming rate, leaving experienced and new workers struggling to find opportunities in a stagnant job market. AI plays a role in the elimination of some white-collar jobs, with some CEOs directly crediting the technology with reducing headcount.

Waymo Co-CEO Tekedra Mawakana expressed her belief that society will accept the occasional fatal crash caused by self-driving vehicles as the price of technological advancement. Mawakana says that because self-driving cars are not “perfection,” it is a matter of “when” not “if” there are fatal crashes involving robotaxis. 

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.

The Association of Southeast Asian Nations (ASEAN) on Tuesday signed an “upgraded” free trade agreement with China.

Several Democrats have attempted to blame President Donald Trump and Republicans for the ongoing government shutdown, as funding for the Supplemental Nutrition Assistance Program (SNAP) is set to expire at the end of the month, affecting millions of Americans.

Nvidia CEO Jensen Huang announced that the company will build seven supercomputers for the Department of Energy with up to 100,000 chips all made in America. Huang said, “The first thing that President Trump asked me is, ‘bring manufacturing back.'”

Russian oil giant Lukoil issued a statement on Monday saying it would sell many of its international assets spread out across 11 different countries under intense pressure from President Donald Trump’s latest round of sanctions.

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.

In a recent memo, Microsoft co-founder Bill Gates has pushed back against what he calls a “doomsday outlook” on climate change, signaling a shift in his views on the risks posed by a warming planet. Despite the move, he remains an extremist on a variety of issues, including his belief that we need a new “god” for humans to worship in the age of AI.

Truth Social on Tuesday announced that it will make prediction markets available on the social media platform in a format called “Truth Predict” in partnership with Crypto.com.

Amazon plans to eliminate approximately 14,000 corporate positions in the coming months, as CEO Andy Jassy turns to AI to streamline the company’s workforce and reduce expenses. Jassy worked the company’s employees that AI-driven job reductions would be coming soon.

Paramount will be cutting 1,000 jobs this Wednesday as part of the major shakeup under new CEO David Ellison. 

Elon Musk’s artificial intelligence company, xAI, has launched “Grokipedia,” an AI-powered online encyclopedia aimed at challenging Wikipedia’s dominance on the internet. The extreme leftist bias of Wikipedia has been extensively chronicled by Breitbart News, including widespread slurs of Charlie Kirk following his assassination.

The New York Times has shone a spotlight on the Democrats’  long-ignored “kiddie stroll” sex market on Los Angeles’ Figueroa Street, yet the newspaper downplayed the pimp shield law pushed by a libertarian Democratic legislator, Rep Scott Wiener and signed by California Gov. Gavin Newsom.

India’s government is drafting a bill to expand and accelerate the already huge migration of Indians into jobs throughout the developed world, including white-collar careers in the Fortune 500.

Chinese state media ran a few victory laps on Sunday and Monday over news that U.S. and Chinese negotiators reached a provisional trade agreement after two days of talks in Kuala Lumpur, Malaysia. 

Los Angeles International Airport (LAX) and other major airports around the country have suffered delays in recent days due to the Democrats’ shutdown of the federal government, which has lasted nearly four weeks.

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.

President Donald Trump said Monday that he does not know if anyone would run against a hypothetical ticket of Vice President JD Vance and Secretary of State Marco Rubio in 2028, adding they would be “unstoppable.” 

China and Russia have reportedly been sending attractive women to the United States to seduce Silicon Valley tech executives and steal their secrets.

Radical leftist Rep. Jasmine Crockett (D-TX) reportedly had a secret stock portfolio and tried to delve into the marijuana business.

Reagan imposed extensive tariffs despite free-trade rhetoric.

CLAIM: Minnesota Gov. Tim Walz (D) claims that the White House said that the ballroom construction is President Donald Trump’s top priority.

The real estate industry is embracing AI to change how we buy and sell houses. Agents are increasingly generating the type of “AI slop” that fills YouTube to show off homes, but the videos typically misrepresent properties by showing off amenities that don’t exist or present nonsensical room dimensions.

In a latest wave of executive departures from Elon Musk’s businesses, X Corp’s advertising chief John Nitti has left the social media platform after just 10 months in the role.

President Donald Trump again called on Democrats to fund the government on Monday, Day 26 of the government shutdown.

Republicans are on the cusp of having a voter registration advantage in North Carolina, North Carolina’s Republican Senate candidate Michael Whatley said during an appearance on Breitbart News Daily.

The American Federation of Government Employees, the largest union in the country representing federal employees, is calling on lawmakers to end the shutdown.

The Australian Competition and Consumer Commission has filed a lawsuit against Microsoft, accusing the tech giant of misleading customers into paying higher prices for its Microsoft 365 software after bundling it with the AI tool Copilot.

Former comedian Jon Stewart’s contract to host Comedy Central’s basement-rated The Daily Show ends in December. Now, probably because he has no other options and has failed at everything else, Stewart says he’s in talks with Comedy Central to continue on.