Economy - Page 4

Elon Musk made the largest disclosed contribution of the 2026 midterm cycle to a super PAC that is backing pro-Trump Kentucky Senate Republican candidate Nate Morris.

Elon Musk has requested damages ranging from $79 billion to $134 billion from OpenAI and Microsoft in a lawsuit alleging that Sam Altman’s AI startup defrauded him by abandoning its nonprofit mission.

Wall Street Journal survey shows dramatic improvement in forecasts as recession fears fade and growth expectations surge

France and Germany are reportedly pushing for the European Union to invoke special trade restriction measures against the United States over President Trump’s efforts to acquire the Arctic territory of Greenland.

Elon Musk’s xAI is still permitting users to create and post highly sexualized pictures and videos of real women generated through its AI tool Grok, despite recent company claims of implementing stricter content controls.

Senate Minority Leader Chuck Schumer (D-NY) revealed that Democrats would “restore most of the cuts” that the Department of Government Efficiency (DOGE) had made.

House Administration Committee Chairman Bryan Steil (R-WI) detailed new legislation aimed at banning members of Congress from purchasing individual stocks during an exclusive appearance on Breitbart News Daily this week, presenting the bill as a step toward restoring public trust in elected officials.

A bank is set to take over ownership of an historic LA TV and film studio because the current owner has defaulted on the $1.1 billion loan.

Rep. Ilhan Omar is under the microscope due to her family’s growing wealth as her state faces heavy criticism over fraud scandals connected to its Somali community.

The European Union and the Mercosur bloc of South American countries formally signed a long-sought landmark free trade agreement on Saturday, capping more than a quarter-century of torturous negotiations to strengthen commercial ties in the face of rising protectionism and trade tensions around the world.

Rep. Craig Goldman (R-TX) has introduced the Don’t Tax the American Dream Act, which would eliminate federal capital gains taxes on the sale of primary residences for homeowners who have lived in the property for at least two years by removing existing dollar limits on exclusions.

Rep. Randy Feenstra has introduced legislation aimed at preventing individuals receiving public assistance from wiring money internationally, citing taxpayer abuse and recent high-profile fraud scandals as key motivations for the measure.

The shot heard ’round the world was not fired by President Donald Trump but by Federal Reserve Chair Jerome Powell, who insisted he was merely defending his territory from an unwelcome intrusion of Justice Department interferers.

Jan. 16 (UPI) — “The Housemaid” surpassed $200 million at the global box office after its premiere in theaters Dec. 19.

Chinese Premier Li Qiang embraced Canadian Prime Minister Mark Carney to Beijing on Thursday, telling the Canadian leader that his visit represented a “new starting point” for the previously strained relations between their countries.

Ford CEO Jim Farley has provided an update on the automaker’s ambitious electric vehicle platform project, comparing the undertaking to historic space exploration programs while confirming that prototype vehicles are now operational. Ford recently took a historic $19.5 billion write down related to electric cars, signaling its retreat from EVs.

President Donald Trump on Friday said he wants to keep Kevin Hassett as his economic adviser, a remark that many interpreted as indicating he is less likely to be nominated to head the Federal Reserve. “I see Kevin is in

Tech Tycoon Elon Musk has declared that traditional retirement planning is obsolete due to coming technological advances he believes will eliminate scarcity. Musk says, “Don’t worry about squirreling money away for retirement in 10 or 20 years. It won’t matter.”

In an appearance on Breitbart News Daily, Secretary of the Interior Doug Burgum made the case for Greenland’s strategic value to American national security and Venezuela’s potential to re-anchor U.S. energy dominance in the Western Hemisphere, casting both regions as crucial to President Donald Trump’s foreign policy and economic agenda.

Business equipment manufacturing grew 0.8 percent and is up 10.1 percent from a year earlier, reflecting a boom in investment. 

President Donald Trump will announce a plan next week allowing Americans to use funds from their 401(k) retirement accounts for home down payments, National Economic Council Director Kevin Hassett said Friday. Hassett disclosed the proposal during an interview with Fox

Cato Institute economist Scott Lincicome’s recent column argues that U.S. manufacturing “ended 2025 with a thud,” but his analysis makes the fundamental error of treating employment as the scoreboard in a labor-constrained economy.

Declining migration and the resulting rising wages are bad because they create “affordability” problems, Democrat Rep. Tom Suozzi (NY) told News Nation on Tuesday.

A senior fellow at the Council on Foreign Relations (CFR) has raised concerns about OpenAI’s financial sustainability, predicting the AI startup could deplete its capital reserves within the next year and a half, at which point it would be swallowed by another tech giant.

General Motors (GM) recalled more than 80,000 vehicles due to a defective pedestrian alert sound system, federal regulators said Thursday.

Rep. Riley Moore (R-WV) is introducing a federal savings program to help individuals pay for equipment, certifications, and startup costs tied to careers in the trades and vocations.

A historically low claims figure highlights how job-security remains strong as 2026 begins.

The Consumer Product Safety Commission (CPSC) on Thursday announced the withdrawal of four Chinese testing laboratories to protect American families, Breitbart News has learned exclusively.

The Trump-Kennedy Center has ended its exclusive partnership with the Washington National Opera, citing unsustainable financial losses and the desire to open the stage to opera productions from across the United States and the world.

Verizon customers across the United States experienced widespread service disruptions on Wednesday, with voice calling and mobile data access failing for several hours. The company has not disclosed what caused the outage, but law enforcement sources do not suspect a cyberattack.

The December CPI data is clear: the tariff inflation crisis was an elite panic disconnected from economic reality.

Volvo has issued an urgent safety recall for its 2025 EX30 electric crossover after discovering that faulty high-voltage batteries supplied by a Chinese manufacturer could potentially short-circuit and catch fire.

President Donald Trump’s State Department is freezing all visa processing from 75 countries that the agency has discovered produce waves of welfare-dependent migrants to the United States.

Chipotle pointed out that billionaire investor Bill Ackman is not affiliated with the company after a viral social media post falsely claimed he owned the restaurant chain and called for a boycott over his donation to a legal defense fund

Mark Zuckerberg’s Meta is moving forward with plans to reduce its Reality Labs division workforce by approximately 10 percent, affecting more than 1,000 employees in the unit responsible for developing the company’s virtual reality and Metaverse products.

Inflation was mild outside of an increase in energy prices in November, a key gauge of prices showed Wednesday. The producer price index for final demand, which measures prices paid to U.S. producers of goods and services, rose by 0.2