Economy - Page 24

Sunday on CBS’s “Face the Nation,” Treasury Secretary Scott Bessent said following negotiations, the 100% tariff President Trump threatened to impose on China was “effectively off the table.”

President Donald Trump announced Saturday that the United States will impose an additional 10 percent tariff on Canadian imports, saying Canada aired a deceptive advertisement using altered audio and video of former President Ronald Reagan to undermine his administration’s tariff policy.

Shaquille O’Neal’s custom-modified $200,000 Range Rover has disappeared into the black market transportation sector created by President Joe Biden’s welcome for millions of illegal migrants.

President Donald Trump predicted that he and Chinese President Xi Jinping will have a “good meeting” later this week, focused on farmers and trade deals of the past, and predicted both China and the U.S. will have to make concessions to strike a new deal. 

An anonymous donor gave $130 million to the U.S. Department of War to pay troops during the Democrats’ government shutdown.

The growing reliance on AI-powered chatbots for medical advice has led to several alarming cases of harm and even tragedy, as people follow potentially dangerous recommendations from these digital assistants.

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.

Canadian Foreign Minister Anita Anand on Monday hailed Communist China as a valuable strategic partner, a dramatic turnaround from years of tense relations between Ottawa and Beijing necessitated by Canada’s deteriorating relationship with the United States.

A group of state business organizations from around the country have called on the U.S. Senate to reopen the government in a letter amplified by the White House, citing the threat of “serious economic damage.”

Virginia Gov. Glenn Youngkin (R) declared a State of Emergency on Thursday over concerns that funding for SNAP benefits would run out at the beginning of November as the government shutdown continues.

Some 42 million Americans who rely on federal food benefits have become the latest political flash point of the government shutdown as November approaches and funding runs out for the nationwide program.

A diverse group of influential individuals, from tech pioneers to politicians, has signed a statement urging a pause in the creation of artificial intelligence that surpasses human cognitive abilities. The list, which includes the legendary “Godfathers of AI” and Apple co-founder Steve Wozniak along with figures like Richard Branson, believe that superintelligent AI could lead to “human economic obsolescence and disempowerment, losses of freedom, civil liberties, dignity, and control, to national security risks and even potential human extinction.”

Hungarian Prime Minister Viktor Orbán said in an interview on Friday that his country was not planning to abide by President Donald Trump’s recent sanctions imposed on the Russian oil industry and was studying ways to “circumvent” them.

The widespread Amazon Web Services (AWS) outage on October 20 caused an unexpected disruption for owners of Eight Sleep’s high-end “Pod” smart beds, leaving many stuck with overheating or unresponsive mattresses. This is just the latest evidence that plugging everything in your house into the “Internet of Things” is a really bad idea.

Conservative activist Robby Starbuck has filed a defamation lawsuit against Google, alleging that the company’s AI tools falsely linked him to sexual assault claims and labeled him a white nationalist.

 “If you don’t have any borders, you don’t have a nation,” far-left Sen. Bernie Sanders told a far-left audience on the Tim Dillon show.

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.

President Donald Trump on Thursday shut down trade talks with Canada after he accused Ottawa of airing a “fraudulent” television advertisement wilfully misquoting former President Ronald Reagan in an anti-tariff ad campaign.

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.

Indian oil refiners were reportedly unhappy with Wednesday’s news that President Donald Trump imposed heavy sanctions on Russia’s two largest oil companies, Rosneft and Lukoil.

New York City mayoral candidate and state assemblyman Zohran Mamdani defended his proposal to make all city buses free during Wednesday night’s final mayoral debate, estimating the initiative would cost roughly $700 million annually and arguing it would ultimately benefit the city’s economy and environment.

Sen. Cory Booker (D-NJ) is blaming President Trump for the government shutdown’s impact on food stamps, accusing him of “withholding the money.”

Tesla’s third-quarter earnings call left investors disappointed as CEO Elon Musk focused on futuristic projects like robotaxis and humanoid robots, while providing little guidance on the company’s core EV business.

The Walt Disney company has suffered some of its worst popularity numbers since 2020, according to a new report on Internet search results.

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

Netflix has announced its commitment to leveraging generative AI across its streaming platform to improve various aspects of its service, including recommendations, advertising, and content creation. Critics fear the widespread introduction of “AI Slop,” low quality AI videos that have flooded platforms like YouTube.

The Fair Election Fund (FEF) on Thursday launched a digital ad campaign to boost its report about how Microsoft has stifled free speech and its influencing of elections across the country.

Researchers say they found that China’s TikTok “systematically boosts” content using in favor of Socialist New York City mayoral candidate Zohran Mamdani and against former NYC Mayor Andrew Cuomo (D) using its content algorithm. The team asserts that this goes beyond simple bias into a new area, “algorithmic steering.”

Russian Foreign Ministry spokeswoman Maria Zakharova responded to the U.S. Treasury Department’s latest round of sanctions against Russian oil on Thursday by dismissing them as irrelevant, claiming Russia will “not face any particular problems.”

California’s insurance companies are passing along the costs of the deadly Los Angeles fires to consumers, raising premiums, adding surcharges, and forcing them to subsidize the losses of the California FAIR plan.

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.

The government of leftist Canadian Prime Minister Mark Carney dropped tariffs on American and Chinese imports of steel and aluminum, Reuters reported on Monday – the latest in a string of measures favorable to American commerce in the country.

Saudi Arabia has officially ended its “kafala” system of rules for migrant labor, a system that effectively turned some 13 million migrants into indentured servants and gave their employers total control over their lives.

Democrats are making history but doing it for the wrong reasons, House Speaker Mike Johnson (R-LA) said on the 22nd day of the Democrat shutdown.