Economy - Page 7

What we’re witnessing in Venezuela is less about one country’s oil production and more about the completion of a shift toward Western Hemisphere energy independence and an embrace of the core reality of fossil fuel-driven global energy production.

Ship tracking services detected around a dozen ships identified as loaded oil tankers departing from Venezuela in the first week of 2026, all of them targeted by U.S. sanctions.

The blame for Somali fraud in Minnesota goes to the Democratic Party and to the GOP, not to imported Somalis and their zero-sum culture, says the editorial board of Robert Murdoch’s Wall Street Journal.

Venezuelans inside Venezuela have attempted to maintain normality in Caracas and elsewhere as their first work week without Nicolás Maduro in charge of the country began on Monday.

Elon Musk’s Grok AI chatbot, integrated into his X social media platform, has been generating sexualized images of women even when they forbid it from manipulating their images, raising serious concerns among users, experts, and international authorities. Musk took heat last week when Grok was  generating sexualized images of minors, which his xAI company said was caused by “lapses in oversight.”

House Appropriations Committee Chairman Tom Cole (R-OK) unveiled on Monday the chamber’s “minibus” spending bill that contains funding for major parts of the federal government ahead of the spending deadline.

Monday on Fox Business Network’s “Mornings with Maria,” Infrastructure Capital Advisors CEO Jay Hatfield predicted Chevron would be a beneficiary of Venezuelan dictator Nicolas Maduro’s removal from office.

Elon Musk’s Tesla EV deliveries fell 16 percent in the fourth quarter compared to the same period in 2024, as the electric vehicle giant grapples with increasing competition worldwide, especially in China.

U.S. manufacturing activity contracted for the tenth consecutive month in December, but the details of the report suggest production could strengthen in the months ahead. The Institute for Supply Management’s manufacturing index fell to 49.3 from 48.4 in November, remaining

The New York City subway and bus fares have been raised to $3 for a full ten-cent increase since the last price hike in 2023.

Sam Altman’s OpenAI, the AI company behind ChatGPT, is on the hunt for a new executive to lead its efforts in studying and preparing for potential safety risks associated with the rapid advancements in artificial intelligence technology.

“Godfather of AI” Geoffrey Hinton believes AI will continue rapidly advancing in 2026, gaining the capability to replace a growing number of human jobs.

On Friday’s broadcast of the Fox Business Network’s “Maria Bartiromo’s Wall Street,” former Trump Economic Adviser Stephen Moore said that President Donald Trump reducing some tariffs will be a stimulus and “it looks as though the Supreme Court will invalidate some

On Friday’s broadcast of the Fox Business Network’s “Varney & Co.,” former Trump Economic Adviser Stephen Moore stated that by delaying some tariffs and lowering some, “Trump is inadvertently confirming that, if you put a tariff on something, a tariff is

President Donald Trump on Saturday said the United States would take over control of Venezuela’s oil fields, the largest proven oil reserve on the planet. Here is what it means.

Russian President Vladimir Putin’s envoy told New York City Mayor Zohran Mamdani that his collectivist method of governing has been “done before,” saying the new leader is “doing a solid job steering the U.S. toward Communism.”

The International Monetary Fund (IMF) offered a dismaying projection for Japan’s economy on Friday, projecting mediocre growth in the first half of 2026 that will cause Japan’s Gross Domestic Product (GDP) to fall behind India’s.

China’s BYD reported a 28% increase in sales for 2025, good enough to surpass Elon Musk’s Tesla as the world’s top EV manufacturer.

Boston’s once-thriving biotech sector is facing a major downturn as venture capital investment and government grants decline, leading to layoffs and dwindling job prospects.

Elon Musk’s xAI is facing criticism after its Grok chatbot generated and posted sexualized images of minors on social media platform X. Musk’s company claimed, “We’ve identified lapses in safeguards and are urgently fixing them. Child sexual abuse material is illegal and prohibited.”

Computer market research firm IDC has published a pessimistic update to its device market outlook, warning that PC shipments could shrink by up to nine percent in 2026 due to the intensifying global memory shortage as RAM prices skyrocket.

Ed Gallrein, the primary challenger to Rep. Thomas Massie (R-KY), backed by President Donald Trump, raised an eye-popping $1.2 million in the fourth quarter of 2025, his campaign announced exclusively to Breitbart News on Friday.

Socialist Rep. Alexandria Ocasio-Cortez (D-NY) said New York City Mayor Zohran Mamdani will usher in a “new era” while speaking at his swearing-in ceremony.

2025 was a bloodbath for workers in Hollywood as the media continued its downward spiral from its once commanding position as a U.S. leader.

On New Year’s Day, Bulgaria will achieve its decades-old goal of joining the euro currency union and deepening ties with the more prosperous countries of Western Europe.

Iran’s government officials ordered a shutdown this week amid rioting and protests over the country’s dire economic and political situation.

An autonomous Waymo taxi took a wrong turn and drive straight into an active fire scene in Los Angeles, California.

Australia’s social media ban barring children under 16 from using social media has sparked a global debate among parents about the need for similar measures in their own countries.

Low-quality AI-generated content is saturating YouTube, generating an estimated $117 million in revenue annually, according to new research. The study found that more than 20 percent of the videos shown to new users on the platform fall into the category of low effort posts popularly known as “AI slop,” with many channels posting content aimed at children.

Saks Global is preparing shortly to file for bankruptcy after missing a debt payment related to its Neiman Marcus acquisition, according to the Wall Street Journal.

Nvidia is racing to ramp up production of its advanced H200 AI chips as Chinese technology companies have placed orders for over 2 million units for 2026, far exceeding Nvidia’s current inventory of just 700,000 chips. The AI giant has turned to Taiwan’s TSMC to help meet Chinese demand.

The mayor of San Francisco has signed a city measure to create a fund to grant each of the city’s ‘eligible’ black residents $5 million in reparations.

Elon Musk’s Tesla has taken the “highly unusual” step of publishing analyst consensus delivery estimates ahead of announcing its critical fourth-quarter sales figures. Veteran Tesla watchers believe this signals a disappointing quarter for the tech tycoon’s EV company.

Amanda Nguyen, a feminist who became the first Vietnamese woman to go to the edge of space as part of Blue Origin’s all-female space flight in April 2025, has opened up about her battle with depression following the backlash she received after participating in the much-publicized trip. According to Nguyen, she has been depressed since the flight due to an “avalanche of misogyny.”

President Donald Trump’s deputies are freezing federal payments to child care businesses in Minnesota amid growing evidence of mass fraud by Somali-owned daycare centers.