Economy - Page 5

British antitrust regulators have mandated that Google must make its search rankings more equitable and provide businesses with advance notification of significant changes to its search services, giving the technology giant six months to comply.

Snap, the parent company of social media platform Snapchat, has introduced new “Specs” augmented reality (AR) glasses on Tuesday with a $2,195 price point, as CEO Evan Spiegel positions the device as a potential successor to traditional smartphones. Both the stock market and social media users rejected the glasses.

The Federal Reserve Bank of Atlanta’s monthly survey of where businesses see inflation going showed the median expectation is for unit costs to rise 2.3 percent over the coming year, down from 2.4 percent a month earlier.

American consumers continued to expand their spending at a broad array of retail outlets in May, largely undeterred by rising gasoline prices. Retail sales jumped 0.9 percent in May, the Department of Commerce said Wednesday. Consumers increased their spending despite

A federal Hollywood tax credit means we all subsidize an industry that seeks our destruction and is dedicated to grooming and queering our children.

Venezuela’s state-owned energy company Corpoelec and General Electric (GE) Vernova on Monday signed a memorandum of understanding to cooperate on the recovery of Venezuela’s rundown power grid — which was left in a dire state after decades of socialist mismanagement.

Tuesday on ABC’s “The View,” Vice President JD Vance defended President Donald Trump over a comment he made about inflation.

Tamura Jotaro, CEO of Japan’s Mitsui OSK Lines (MOL), predicted that it will take “at least a couple of weeks, or if not a month” for shipping traffic through the Strait of Hormuz to return to pre-war levels.

U.S. import prices rose sharply in May for the third consecutive month, driven by another surge in fuel costs and rising prices for capital goods and technology products tied to the artificial-intelligence investment boom. Import prices increased 1.9 percent in

A single gambler on prediction market platform Polymarket lost $4.2 million on World Cup bets in less than one day, highlighting the massive stakes involved in the soccer tournament, which is expected to become the largest sports gambling event in history.

Elon Musk’s SpaceX announced Tuesday it will acquire Anysphere, the software company behind the AI coding tool Cursor, in a $60 billion transaction aimed at expanding its footprint in the enterprise AI sector. Shares jumped more than nine percent in morning trading, giving SpaceX a similar market capitalization to Amazon.

Oil prices tumbled on Tuesday, falling to their lowest levels since early March.

Britain’s engineering giant Rolls-Royce will build three small modular reactors (SMRs) in Sweden after signing a multi-billion pounds partnership with Videberg Kraft, a subsidiary of Swedish state-owned energy company Vattenfall.

If you were told that the Yale Budget Lab had studied the economic consequences of Donald Trump’s immigration policies, you would probably be able to guess that it would find the reduction in immigration those policies brought about was harmful.

At a recent “counter-disinformation” conference at the University of Cambridge, European technologist Robin Berjon suggested that “military force” may have to be used against American tech platforms to bring them into line.

CoStar Group, the company behind Homes.com, has filed an amicus brief in Zillow Group, Inc. v. Midwest Real Estate Data LLC accusing Zillow of demanding open access to competitors’ listings while locking up pre-market inventory of its own.

Sen. Josh Hawley (R-MO) warns that AI will reshape society by accelerating a major winner-take-all type of inequality. The senator also described AI as an existential test for America’s founding “moral covenant” that risks turning humans into “raw material” and children into victims.

AI startup Anthropic has deployed senior technical staff to the nation’s capital for emergency negotiations with Trump administration officials following export restrictions that forced the shutdown of its most advanced AI models.

U.S. industrial production edged up in May as strength in high-technology, defense, mining, and durable manufacturing offset weakness in nondurable goods and consumer products.

Fox has announced a definitive agreement to acquire streaming device maker Roku for approximately $22 billion in a major media consolidation move.

Elon Musk’s SpaceX has continued the positive momentum from Friday’s IPO by jumping eight percent in morning trading. Analysts continue to issue mixed ratings on the company, with analyst CFRA initiating coverage with a sell rating.

Oil prices fell sharply on Sunday after President Trump announced that the U.S. and Iran had agreed to a peace deal.

An Indian H-1B contract worker paid his employer almost $100,000 to keep the Michigan job that provided him with a path to a green card and citizenship, according to a lawsuit filed by the Banias Law firm.

Two former employees of a North Carolina restaurant are accusing the eatery of allowing illegal migrants to use their Social Security numbers

Britain and Japan on Sunday sealed a sweeping economic and technological partnership, expected to generate over £18 billion ($24 billion) in investment, during a visit to London by Japanese Prime Minister Sanae Takaichi.

A nonprofit dedicated to instituting guaranteed income programs across the country is reportedly aiming for a permanent policy in California funded by taxpayer dollars in a state already $1.3 trillion in debt.

Mark Zuckerberg’s Meta has launched a nationwide program to provide Ray-Ban Meta AI glasses at no cost to every blind veteran in the United States, offering transformative assistive technology to more than 130,000 eligible veterans. One blind veteran explains that when he got a pair of AI smart glasses, “I got my independence back.”

Opponents of AI data center construction have blocked or delayed a record number of projects worth nearly $130 billion so far this year, according to a recent study.

Treasury Secretary Scott Bessent said Friday that illegal employment schemes generated more than $2.5 billion in suspicious activity tied to payroll tax fraud in 2025.

The U.S. Department of Justice has reportedly approved the Paramount Skydance $111 billion acquisition of Warner Bros. Discovery, according to insiders.

The Wall Street Journal posted a remarkably balanced article about the economic impacts of migration on the Swiss population.

Almost half of households headed by immigrants are on traditional forms of welfare like food stamps, Medicaid, and subsidized housing, a new analysis from the Center for Immigration Studies reveals.

We’re writing this from a decidedly terrestrial compound while the world finally gets its chance to buy shares of a company whose goal is to lead humanity into its interplanetary future.

The University of Michigan’s preliminary June index of consumer sentiment rose 9.2 percent to 48.9 from 44.8, the first improvement in four months.