Economy - Page 43

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.

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.

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.

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.

Western Union is reporting that its revenue from cash transfers to locations outside the U.S. has seen a 12 percent decline this year.

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.”

Bestselling author Michael Connelly’s latest Lincoln Lawyer novel explores the dangers of AI and its potential to infringe on human rights and creative disciplines. The author warns that AI is “soulless” and that the technology puts “Every kind of creative discipline is in danger.”

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. 

Rep. Thomas Massie (R-KY) is a “roadblock” to the Trump agenda that Americans overwhelmingly voted for, Trump-endorsed Massie challenger Ed Gallrein said during an appearance on Breitbart News Saturday.

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.

The Hollywood writer’s union is raising the alarm over the possible merger between Warner Bros. Discovery and Paramount Skydance, saying that such a merger would be a “disaster,” but President Donald Trump says he is all for the plan.

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.