Economy - Page 34

Inflation rose in August but there was no evidence of broad tariff pass-through to consumers.

Representatives from 100 small businesses visited the White House on Wednesday to thank President Donald Trump for delivering on his promises, Breitbart News has learned. 

A video circulating this week showed Foreign Minister Sergey Lavrov joking about the viral imp Labubu dolls during a recent visit to China, prompting China’s Global Times propaganda outlet on Tuesday to celebrate the doll as a “global sensation.”

The Department of Labor (DOL) Office of Inspector General (OIG) on Wednesday announced an investigation into how the jobs, inflation, and other data is collection by the Bureau of Labor Statistics (BLS).

The committee voted 13-11 along party lines to advance Miran’s nomination to the full Senate, where it is expected to come up for a vote on Monday. 

A Texan criticized Indian migrants in Aubrey, Texas, for blocking the street and is reportedly getting threats aimed at his coffee shop business.

President Donald Trump on Wednesday appealed a federal judge’s order that prevented him from firing Federal Reserve Governor Lisa Cook, escalating a legal fight over the president’s power to reshape the central bank. The appeal, filed in the U.S. Court

In an era where AI is becoming increasingly integrated into our daily lives, some women are finding themselves emotionally connected to their AI chatbot companions, blurring the lines between human and machine relationships.

A tech association funded by major Silicon Valley companies is launching a new project aimed at strengthening the strained relationship between Silicon Valley and the Democratic party in preparation for the 2026 midterm elections and beyond.

Geoffrey Hinton, known as the “Godfather of AI,” has cautioned that the rapid adoption of artificial intelligence will lead to massive unemployment, disproportionately affecting the poorest members of society as the rich get richer if safe scalability is not prioritized.

Prices paid to U.S. businesses unexpectedly fell in August, putting pressure on the Federal Reserve to cut interest rates and undercutting claims that the Trump administration’s tariffs would cause inflation to pick up.

On Tuesday’s broadcast of NewsNation’s “The Hill,” Sen. Ron Johnson (R-WI) stated that the “damage I thought that might be done by the generalized tariff, that really hasn’t panned out. So, I think, overall, the generalized 10% tariff probably is

Sen. John Fetterman (D-PA) criticized Democrats who have been warming up to and embracing socialism while dismissing capitalism, describing them as “morons.”

For two years in a row, the cheerleaders of Bidenomics assured us that any discontent was in our heads—a trick of bad vibes and social media. It turns out the voters were right, and the official statistics were wrong.

OpenAI’s $30 million Critterz was reportedly made three times faster and cheaper than Hollywood animated movies.

After pledging to restore its “Old Timer” logo, Cracker Barrel announced Tuesday it will suspend its restaurant remodel program in response to customer concerns over modernization plans.

House Majority Whip Tom Emmer (R-MN) told Breitbart News that Gary Gensler “might go down” as the “worst SEC chair in history” after an SEC Inspector General report found that “avoidable errors” led to the loss of one year of Gensler’s text messages.

The White House underscored that the Bureau of Labor Statistics’ (BLS) downward revisions of 911,000 jobs from April 2024 to March 2025 show the failures of the Biden administration, Federal Reserve Chair Jerome Powell, and the BLS itself. 

Dario Amodei, CEO of AI company Anthropic, is doubling down on his warning that artificial intelligence could gut entry-level jobs in the near future.

Small business optimism ticked higher in August, as owners reported better sales expectations and improving profits but showed little evidence of passing on higher costs from tariffs.

Many Korean companies sneak their employees into U.S. jobs via visa programs that do not allow travellers to work, Korean business leaders admitted to the AFP news service.

Advertising exchange PubMatic has filed a lawsuit against Google, seeking billions in damages over claims the tech giant has illegally monopolized the ad technology market. The remedy phase of the DOJ’s antirust case against Google over its ad tech monopoly will begin this month.

The U.S. economy added nearly a million fewer jobs in the year through March 2025 than previously reported, according to preliminary figures released Tuesday by the Bureau of Labor Statistics. The revision, the largest on record, suggests job growth during

EV maker Rivian has announced a lay off  as the company prepares for the end of federal EV tax credits and a challenging economic landscape. The company beat Elon Musk’s Tesla in bringing an EV pickup truck to the market, but has yet to prove it can succeed without massive taxpayer help.

Secretary of Agriculture Brooke Rollins warned California Gov. Gavin Newsom (D) on Sunday that the Trump administration intends to save several dams that the state intends to tear down.

A new poll asking Gen Z Americans to rate their top priorities reveals that Harris and Trump voters disagree on more than just politics.

Zohran Mamdani, the Democratic Party nominee for mayor of New York, says that he will direct the city to dump its Israel bonds, because — he claims — they implicate the city in “violations of international law.”

House Republican Conference Chairwoman Elise Stefanik (R-NY) rebuked New York Gov. Kathy Hochul (D) after Hochul told a predominantly African American church audience not to “run to the liquor store” with state inflation rebate checks, marking the second time the governor has faced backlash for comments directed at the Black community.

The Office of the Comptroller of the Currency (OCC) on Monday announced actions to end “unlawful debanking” in the federal banking system.

Job Creators Network, America’s largest small business advocacy group, released fresh polling data this week showing that mere months after President Donald Trump signed the Republican-led One Big Beautiful Bill Act into law, “a full 42% of American small businesses plan to raise employee wages/benefits as a result of their tax cut savings, and 91% plan to raise wages/benefits, expand, hire, or reinvest in their communities,” the group said.

Mark Zuckerberg’s Meta is facing allegations from current and former employees that it suppressed research that could have shed light on potential safety risks to children and teens using its virtual reality products and services.

The Supreme Court on Monday allowed President Donald Trump to remove a Democratic member of the Federal Trade Commission, delivering a significant victory for the administration in a case that tests long-standing limits on presidential control over independent regulatory agencies.

As Swedish fintech giant Klarna prepares for its IPO this week, investors are closely watching to see if the company can successfully convince the market that it is more than just a “buy now, pay later” firm that finances shopping sprees and food deliveries for Americans with bad credit.

Tesla’s grip on the U.S. EV market is slipping as rivals launch new models and offer aggressive incentives to buyers. According to new data, Tesla’s market share has dropped to its lowest point since 2017, when both Elon Musk and his car company were far less well known than they are today.

President Donald Trump is telling foreign companies to obey U.S. migration laws while also suggesting he may adjust border rules to help law-abiding foreign companies quickly set up operations in the United States.

Sunday on Fox News Channel’s “Life, Liberty & Levin,” host Mark Levin deemed the Federal Reserve Board “unconstitutional.”