Economy - Page 51

A bipartisan roster of former Treasury secretaries, Federal Reserve chairs and other senior economic policymakers asked the Supreme Court to stop President Donald Trump from removing Fed Governor Lisa Cook, warning that the central bank’s independence and the economy’s stability

A poll of white-collar professionals shows that 56 percent of U.S. citizens say the huge H-1B visa-worker program is skewing the labor market and transferring their jobs to foreign migrants.

OpenAI, the makers of ChatGPT, has released research exposing the potential for AI models to engaged in “AI scheming” by intentionally lying to humans, raising concerns about how people chatbots in every from the workplace to education.

The White House has already instructed federal agencies to plan for mass firings if Democrats shut down the government.

Orders for long-lasting factory goods made in the U.S. rose sharply in August, lifted by a surge in aircraft bookings but also showing gains in business equipment that point to resilient investment.

Indian diplomats want the draft U.S.-India trade deal to welcome more Indian job-seekers into the United States, say U.S. and Indian media reports.

The U.S. economy grew at a faster pace in the second quarter than was earlier estimated, the U.S. government said Thursday.

Homeland security chief Kristi Noem should stop granting hundreds of thousands of work permits to foreigners for white-collar jobs needed by U.S. graduates, says Iowa Sen. Chuck Grassley, the chairman of the Senate’s judiciary committee.

When economists talk about immigration, they usually focus on jobs, wages, or fiscal costs. Federal Reserve Governor Stephen Miran wants to add another dimension: interest rates.

Americans tend to believe that Republicans have better plans than Democrats to address major issues including crime, immigration, and the economy, a recent survey from Ipsos/Reuters found.

A cyberattack on Jaguar Land Rover has led to a halt at its plants for nearly a month that has caused a production loss of about 30,000, with analysts warning that a full restart could take much longer and have far-reaching consequences for the company and its suppliers.

Mark Zuckerberg’s Meta has announced the launch of a new super PAC aimed at electing state candidates from both parties who support the company’s stance on AI development and regulation. According to the company, the American Technology Excellence Project super PAC is launching “amid a growing patchwork of inconsistent regulations that threaten homegrown innovation and investments in AI.”

New-home sales surged in August to their strongest pace in more than three years.

During an interview aired on Tuesday’s broadcast of CNN International’s “The Brief,” Dutch Foreign Minister David van Weel said that the United States has lowered its emissions and helped the fight against climate change in doing so by using more

A Starbucks barista at a Kroger grocery store in Middletown, Ohio, was reportedly fired after writing, “racists fav drink” on an order that referenced assassinated Turning Point USA founder Charlie Kirk.

We should remove the tax burden that is keeping older Americans locked into their homes and younger Americans locked out.

The Trump White House is touting positive economic data, showcasing the stunning turnaround the U.S. has seen economically since President Donald Trump took the helm in January.

The Trump administration, led by Acting Consumer Financial Protection Bureau Director Russ Vought, has been working diligently to unravel the CFPB, a brainchild of Sen. Elizabeth Warren.

Federal Reserve officials are sharply divided over how aggressively to cut interest rates, with some warning that the central bank risks falling dangerously behind in addressing a deteriorating labor market while others remain focused on stubborn inflation that has persisted well above target for more than four years.

The September purchasing managers’ indexes from S&P Global showed companies in manufacturing and services reported sharply higher input costs, which they primarily attributed to tariffs. But weak demand and fierce competition prevented most from raising prices, leading to the weakest goods inflation since January.

President Donald Trump announced Tuesday on Truth Social that he will not meet with Democrat minority leaders who had requested talks ahead of next week’s government shutdown deadline, writing that “no meeting with their Congressional Leaders could possibly be productive.”

Nvidia has announced a massive $100 billion investment in OpenAI, sending ripples through the tech industry and boosting shares of semiconductor companies globally.

President Donald Trump criticized the United Nations in his speech on Tuesday at the U.N. General Assembly, stating that the U.N. had not attempted to help him reach the ceasefires and peace deals he has brokered since returning to office.

The FTC and Amazon are headed to trial over the government’s accusations that the tech giant deceives consumers into signing up for its Prime subscription service and makes it difficult for them to cancel their memberships.

Google on Tuesday promised to restore YouTube accounts that have been banned for political speech, and said that the Biden administration pressured Google to censor Americans that did not violate the video, in a letter to House Judiciary Committee Chairman Jim Jordan (R-OH). 

U.S. pharmaceutical giant Bristol Myers Squibb announced Monday its new flagship drug will launch at the same price overseas in the UK as in the U.S., a precedent-breaking move reflecting President Donald Trump’s push to end higher drug costs for Americans.

The Department of Labor (DOL) has launched an enforcement initiative to “ensure no employers are abusing H-1B visas at the expense of our workforce” in line with President Donald Trump’s recent proclamation directing federal agencies to fix the foreign worker program.

Trump’s critics insisted tariffs would be the spark that lit a global trade war. But the trade war never arrived.

The Supreme Court on Monday cleared the way for President Trump to remove a Federal Trade Commission commissioner and agreed to resolve long-standing constitutional questions about White House authority over independent agencies.
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Indian Prime Minister Narendra Modi gave an address to the nation on Sunday in which he told his citizens to stop using “foreign made” products.

Workers are largely following mandates to embrace AI in the office, but few are seeing it create real value. According to the Harvard Business Review, the culprit is “workslop,” AI-generated documents that look sharp but are filled with low quality information.

Speaking at the Economic Club of New York, Miran argued that the Fed’s benchmark rate should be closer to two to 2.5 percent, roughly two points below its current level.

Oracle will recreate and secure TikTok’s recommendation algorithm for the U.S. market as part of the popular Chinese-owned app’s sale to a group of American investors, according to a Bloomberg report. 

The DOJ is seeking to break up Google’s advertising technology monopoly in the remedy phase of the government’s ad tech antitrust trial set to begin Monday in Virginia federal court. Google survived the previous Search antitrust trial with a slap on the wrist — a far cry from the forced sale of Chrome and other remedies the government sought.

Washington, D.C. –When Umut Abakirova graduated from the American University of Central Asia, she began her career as a loan officer. Two decades later, she is one of Central Asia’s most prominent women in finance: chief executive of Bakai Bank, one of the Kyrgyz Republic’s largest private lenders.