Economy - Page 48

Zohran Mamdani is being slammed for advocating for the “abolition of private property” in a recently resurfaced video as the self-proclaimed socialist campaigns for New York City mayor.

The odds of a U.S. recession have fallen to their lowest level ever recorded on Polymarket, dropping from 70 percent in late April to just 19 percent this week.

Senator Rand Paul has reintroduced the “Audit the Fed” bill, with Senator Rick Scott and other Republicans joining the effort to expose the Federal Reserve’s ethics scandals, lack of transparency, and $2.5 billion luxury headquarters renovation.

Astronomer’s Board of Directors has launched a formal investigation into its executives after the company’s CEO Andy Byron and HR chief Kristin Cabot went viral on social media for trying to hide from Coldplay’s “kiss cam” during the rock band’s

President Donald Trump signs the GENIUS Act into law on Friday, July 18.

Sen. Tom Cotton (R-AR) is asking Defense Secretary Pete Hegseth for information on Microsoft’s use of Chinese engineers to maintain Pentagon cloud computing systems, warning that the practice may expose “our nation’s most sensitive data to a foreign adversary.”

Wells Fargo suspended travel for all of its employees to China on Thursday after the Chinese government slapped an exit ban on banker Chenyue Mao.

Researchers have found that while AI chatbots like ChatGPT can detect metaphors in political speech with moderate success, they often misinterpret figurative language in Donald Trump’s speeches and lack the nuanced understanding that humans possess.

Chinese state media reported on Thursday that “Chinese commerce officials have been intensively meeting representatives from the U.S. business community and academia” – and pressuring them to meddle in trade talks with the Trump administration on behalf of Beijing’s interests.

Scale AI, a leading data labeling company for the AI industry, has announced a significant restructuring that involves laying off 14 percent of its workforce, amounting to about 200 employees and 500 global contractors.

The monolithic thinking about tariffs and inflation at the Fed has been shattered, as Fed Governor Chris Waller shows leadership by breaking with Jerome Powell.

Gas prices are “laying low” in President Donald Trump’s second term, according to a recent update from AAA.

Elon Musk’s creepy brain chip company Neuralink reportedly filed as a “small disadvantaged business” with the Small Business Administration, shortly before securing a financing round that valued the company at $9 billion.

After five months of better than expected inflation reports, Americans are no longer worried about a tariff-led price surge.

For its second quarter this year, Netflix reported total revenues of $11.08 billion, with an operating income of $3.8 billion and margin of 34.1%, which are way up from last year and beyond market estimates.

On Thursday’s broadcast of CNBC’s “Squawk Box,” Sen. Elizabeth Warren (D-MA) said that the government grocery store plan from New York City mayoral candidate Assemblyman Zohran Mamdani (D) is “a new and fresh plan for New York City. But it’s

The White House has rejected Rep. Maria Salazar’s (R-FL) suggestion President Donald Trump owes God a favor and should repay the debt by signing her amnesty and migration bill.

Waller says that tariffs will not create lasting inflation and the Fed should cut at its meeting later this month.

Coca-Cola decision in 1984 to use high-fructose corn syrup instead of real cane sugar was caused by Cold War diplomacy, subsidized overproduction, and a technological leap that turned surplus grain into shelf-stable sweetener.

General Motors said this week it will upgrade its facilities across the United States to boost its electric battery production and ensure America’s ability to lead in electric vehicle battery manufacturing.

Economists keep underestimating the strength of the U.S. economy.

House Majority Whip Tom Emmer (R-MN) told Breitbart News in an exclusive interview on Thursday that pro-crypto legislation moving through Congress proves that anti-crypto dinosaurs are going extinct.

June data show falling import prices despite rising inflation, pointing to tariff absorption abroad.

A growing number of embassies of foreign countries in Havana, Cuba, are struggling to access cash as Cuban regime banks freeze their accounts, claiming they simply do not have cash on hand to give, multiple sources told Breitbart News this week.

Leftist Canadian Prime Minister Mark Carney announced during a stop at a steel company on Wednesday that he would impose higher tariffs on non-U.S. steel imports to protect the Canadian steel industry from foreign competition.

Sources have revealed that many of the 200 staff being cut at mobile gaming giant King, the developer of Candy Crush, will be replaced by the very AI tools they built and trained.

A safety expert has testified that Elon Musk’s Tesla failed to adequately protect against the misuse of its Autopilot system, which a lawsuit claimed caused a fatal crash in 2019.

Indian Oil Minister Hardeep Singh Puri said on Thursday that India will be able to get the oil it needs, even if President Donald Trump imposes steep secondary tariffs on countries that do business with Russia.

U.S. import prices rose modestly in June, suggesting little evidence of inflationary pressure from foreign-sourced goods, according to data released Thursday by the Bureau of Labor Statistics. The import price index increased 0.1 percent last month, following a downwardly revised

The government of Russia announced on Wednesday that it would send its energy minister, Sergey Tsivilyov, to Beijing to meet with several high-ranking Chinese officials and heads of Chinese energy companies, a sign Moscow is concerned of losing business in the face of a threat to impose secondary tariffs by the White House.

Jaguar Land Rover (JLR) is looking to cut 500 management jobs as it copes with falling sales and brand management issues in the wake of its much-maligned woke repositioning efforts.

U.S. Special Envoy Ric Grenell accused California Gov. Gavin Newsom on Wednesday of lying about the state’s intention to conduct a “land grab” within the areas hit by the Palisades Fire and Eaton Fires.

President Donald Trump announced Wednesday that he had canceled $4 billion in federal funding for California’s beleaguered and delayed high-speed rail project — what critics call the “train to nowhere.”

At least 10 GOP legislators are pushing amnesty legislation that would flood the United States with migrants, and condemn Americans to a future of low salaries, unaffordable housing, few children, and economic subordination to China’s high-tech factories.

During an interview with CBS News on Wednesday, Sen. Elizabeth Warren (D-MA) stated that “the topline numbers look good” in the economy but “if Donald Trump doesn’t change direction, he’s going to blow this economy up.” Warren said, “So, I’ll