Economy - Page 74

Developer Rick Caruso, who is leading a nonprofit initiative to rebuild areas affected by recent wildfires in Los Angeles, said Monday that the Measure ULA tax on property transactions has resulted in reduced revenue for the city.

Pro-immigration lawyers are trying to block President Donald Trump’s policy of canceling education visas held by more than 1,000 migrants, including many who sign tuition checks to get work permits for the jobs needed by American graduates.

China has stopped exporting several rare earth minerals that are crucial to making certain products in the tech, automobile, aerospace, and defense industries, according to several reports.

Radio Free Asia (RFA) on Saturday quoted reports from Chinese exporters and port officials who said traffic is visibly slowing down at China’s big port cities of Shanghai and Guangdong, while some factory production has virtually “ground to a halt.”

Former U.S. Treasury Secretary Janet Yellen blasted President Donald Trump, saying the return of American manufacturing is a “pipe dream.”

Twitter co-founder and free speech failure Jack Dorsey took to X on Friday declaring, “Delete all IP law,” to which Elon Musk replied, “I agree.” Tech lords are eager to relax copyright and intellectual property laws in favor of AI system vacuuming up the work of humans.

The FTC’s high-stakes antitrust lawsuit against Meta kicked off today with opening arguments in Washington, DC. Mark Zuckerberg is expected to take the stand to defend his company against the federal government’s claims that the acquisition of Instagram and WhatsApp should never have been approved.

Accusations of sabotage swirl over fate of UK’s final virgin steel plant, yet Beijing warns against creating “political and security issues”.

Nvidia has announced plans to build AI supercomputers in Texas and invest up to $500 billion in AI production within the United States.

Blue Origin successfully launched and landed its first all-female crew, a star-studded group including pop star Katy Perry, television host Gayle King, and Jeff Bezos’ fiancée Lauren Sanchez , on Monday morning. The 11-minute flight took the women to the edge of space.

A majority of Republicans support tariffs, agreeing that it is finally time to balance international trade, a recent Cygnal poll revealed.

President Donald Trump’s deputies say they do not have the authority to make the national government of El Salvador return a deported illegal migrant to the United States.

Americans must be hit by “surround-sound communications campaigns” to help reverse the public’s rejection of migration, says a co-executive director of the lobby group funded by billionaire heiress Laurene Powell Jobs.

Pop star and Kamala Harris surrogate Lizzo took a jab at President Donald Trump during her performance on NBC’s “Saturday Night Live,” clad in a crop top that read “TARIFFIED,” in reference to the president’s tariff proposals.

Comedian and podcaster Theo Von made a now or never pitch in support of President Donald Trump’s wide-ranging tariffs, crediting Trump for attempting to steer America off of a path that has left whole swaths of American towns and cities “empty” and “boarded up.”

President Donald Trump’s deputies are hoping to deport one million people in his first year, partly by signing up many countries to serve as landing pads for migrants from China and other countries that refuse to accept their deported citizens, according to the Washington Post.

Modelo Especial owner Constellation Brands executives said on Thursday that their sales have fizzled out thanks to President Donald Trump’s crackdown on illegal immigration.

Commerce Secretary Howard Lutnick said Sunday on ABC’s “This Week” that President Donald Trump’s tariff exemptions on technology products like phones, computers and chips were temporary.

Commerce Secretary Howard Lutnick said Sunday on ABC’s “This Week” that China had been attacking the United States with unfair business tactics.

National Economic Council Director Kevin Hassett said Sunday on CNN’s “State of the Union” that the Trump administration was negotiating trade policy with 130 countries.

The Elon Musk-led Department of Government Efficiency (DOGE) is pointing the finger at three Democrat-controlled states for the bulk of fraudulent unemployment payments.

The Department of Government Efficiency (DOGE) has saved U.S. taxpayers roughly $150 billion so far, according to the latest update.

Apple, America’s largest company by market capitalization, is grappling with the intensifying trade war between the U.S. and China. Analysts believe the tech giant is left without clear short-term options to mitigate the impact of tariffs on Chinese imports.

Researchers at security firm SentinelOne have uncovered a large-scale spam campaign that leveraged an OpenAI chatbot to generate unique messages, bypassing spam filters and inundating more than 80,000 websites over a four-month period. Once again crooks are at the vanguard of exploiting AI for illicit gains.

On Friday’s broadcast of the Fox News Channel’s “Fox & Friends,” United States Trade Representative Jamieson Greer stated that the U.S. has become too dependent on China, but “many of our large companies dealing in hardware and consumer electronics have been

Sen. Michael Bennet (D-CO) is running for governor of Colorado in 2026, a state that has not had a Republican governor for many years.

Sen. Rick Scott is urging Americans to cease purchasing anything made in China and buy American instead as President Donald Trump ups the ante and raises tariffs on China.

Trump Press Secretary Karoline Leavitt speaks to reporters at the White House on Friday, April 11.

Democrat darling Rep. Jasmine Crockett (D-TX) said the Trump administration’s “failed immigration policies” — which includes deportations — are the reason many Americans cannot afford groceries or a home.

China raised its tariff on U.S. imports to 125% on Friday in retaliation for President Donald Trump’s latest tariff increase, while making plans to dispose of its excess goods by flooding the rest of the world with cheap exports.

Apple reportedly airshipped a staggering 600 tons of iPhones from its production facility in India to the United States to avoid Donald Trump’s reciprocal tariffs. The tech giant, at grave risk due to tariffs on China, has expedited the shipment of 1.5 million iPhones since March.

Tesla has halted new orders for its Model S and Model X vehicles in China as the communist country and the USA exchange blows in an escalating trade war. Unlike several other Tesla EVs, Elon Musk’s company exports the S and X models to China from the United States.

Albert Saniger, the founder and former CEO of Nate, an AI shopping app that promised a “universal” checkout experience, has been charged with defrauding investors. Far from AI assisting shoppers, human contractors in the Philippines were manually completing customers’ transactions.

The current market swings has sent a surge of viewers to the cable business networks, ratings data shows.

A “Christmas truce” — extending the 90-day pause to tariffs on China, to fill Christmas orders — could be a timely, essential respite.