Economy - Page 13

Consumer confidence fell sharply in January to its lowest level since 2014, as Americans grew more pessimistic about both current economic conditions and the outlook ahead.

Treasury Secretary Scott Bessent said on Monday that during a phone call with President Donald Trump, Canadian Prime Minister Mark Carney “walked back” some of the fiery comments he made at the World Economic Form (WEF) in Davos, Switzerland, last week.

Elon Musk’s Tesla has eliminated Basic Autopilot as a standard feature on new Model 3 and Model Y vehicles in North America, requiring customers to purchase a monthly subscription to access lane-keeping technology that was previously included at no extra cost. EV fans loyal to Tesla are outraged by Musk’s latest money grab.

President Donald Trump announced Monday that he is raising tariffs on South Korea to 25 percent because the country’s government has failed to implement the agreed terms of its trade deal with the United States.

Orders rose 5.3 percent in November, the Commerce Department said Monday in a reported delayed by last year’s government shutdown. This was far in excess of the three percent increase expected.

NEW YORK (AP) — With a winter storm blanketing a large swath of the country, Hollywood had its quietest weekend of the year at the box office. The Amazon MGM sci-fi thriller “Mercy” dethroned “Avatar: Fire and Ash” from the No. 1 spot with $11.2 million in North America, according to studio estimates Sunday.

Mark Zuckerberg’s Meta, China’s TikTok, and Google’s YouTube are set to face their first courtroom trial this week over allegations that their platforms have contributed to a youth mental health crisis through addictive design features.

Canadian Prime Minister Mark Carney, a China-friendly leftist, insisted on Sunday that he was not pursuing a free trade agreement with China that would endanger the U.S.-Mexico-Canada Agreement (USMCA) following President Donald Trump’s threat to impose a 100 percent tariff on Canada over its closeness to Beijing.

President Trump should “calm” the escalating Minneapolis battle over migration by allowing states to import a new sub-citizen category of cheap foreign workers for U.S. jobs, says Oklahoma Republican Gov. Kevin Stitt.

Opendoor CEO Kaz Nejatian said during an appearance on Breitbart News Saturday this week that President Donald Trump is doing an “excellent” job of lowering housing costs and increasing supply.

The DOJ has launched a criminal investigation into allegations that AI-powered HR company Deel, valued at approximately $17 billion, orchestrated a spying operation inside a competing Silicon Valley company.

Elon Musk’s Tesla experienced the largest decline in new car sales among all automakers in California during 2025, marking a substantial setback in one of the world’s most important electric vehicle markets.

President Donald Trump’s administration is hosting a summit in Washington, DC, to discuss how the proposed Trump Accounts will financially benefit young Americans in the years to come.

The European Union is willing to implement a sweeping free trade agreement with the Mercosur group of South American countries on a provisional basis, the head of the EU’s executive commission said Friday, despite a vote by the EU parliament to delay ratification for legal review.

On Friday’s broadcast of C-SPAN’s “Ceasefire,” Rep. Emanuel Cleaver (D-MO) stated that “sometimes we overdo it with regulations” and Democrats have been guilty of doing so, but there is a push to correct that. While discussing housing policy, Cleaver said,

“The Iranian regime is engaged in a ritual of economic self-immolation,” Treasury Secretary Scott Bessent said Friday, as the Trump administration imposed new sanctions on Iran’s oil-export “shadow fleet” amid a widening crackdown on protesters and mounting U.S. pressure across the region.

Vice President JD Vance revealed this week that about $7 billion worth of Small Business Administration fraud has been discovered in California, an indicator the theft of federal funds across all departments could well exceed any other state’s.

This is the Breitbart Business Digest’s weekly wrap, where we run through the news of the week with the wild abandon of a Canadian Prime Minister kowtowing to Chinese communists.

Hundreds of businesses in Minnesota are closing to protest the deportation of illegal migrants, as industry experts admit that President Donald Trump’s deportation polices are nudging up wages for their American employees.

General Motors has announced that production of the newly updated 2027 Chevrolet Bolt EV will end after approximately 18 months to make way for a gas-powered Buick crossover at its Kansas manufacturing facility.

State Rep. Jacob Wasserberger (R-WY), a self-described America First lawmaker, on Thursday introduced legislation that would help families achieve the American Dream by selling land for one dollar per acre in the Cowboy State.

Consumer sentiment in the U.S. rose to a five-month high in January as Americans took a sunnier view of the economy and near-term inflation expectations declined for the fifth consecutive month.

China’s TikTok announced Thursday that it has finalized an agreement to spin off its American operations into a new joint venture, ending years of uncertainty over the platform’s future in the United States.

The Small Business Administration (SBA) is probing whether affiliates of abortion giant Planned Parenthood illegally received $88 million in Paycheck Protection Program (PPP) loans during the COVID-19 pandemic.

Jan. 22 (UPI) — Paramount Skydance extended the deadline for shareholders to accept its hostile bid to buy Warner Bros. Discovery.

The current consensus growth estimate of 2.1 percent for 2026 is almost certainly too low.

Two major investors in Coupang on Thursday urged the Trump administration to investigate the South Korean government as Sen. Mike Lee (R-UT) accused South Korea of “unprecedented persecution.”

Analysts fear that the Nextflix acquisition deal with Warner Bros. is dragging the streamer’s stock down as stock value fell this week to a 52-week low.

President Trump’s attorneys filed a $5 billion — with a “B” — lawsuit against JPMorgan Chase and its CEO Jamie Dimon for “debanking” Trump in early 2021.

A Virginia state Democrat introduced a bill that would bar the state from verifying eligibility to receive federal taxpayer benefits.

A group of job applicants has filed a lawsuit claiming that AI screening tools used in hiring should be subject to the same disclosure requirements as credit reporting agencies. Just as credit bureaus must give consumers the ability to dispute inaccurate information, the lawsuit states that job seekers should have the right to correct AI screening software.

Nvidia CEO Jensen Huang believes that the AI boom will generate high-paying positions for skilled trade workers constructing chip manufacturing plants, data centers, and related facilities.

The economy expanded at a faster pace than previously estimated in the third quarter of last year, the Department of Commerce said Thursday.

During an interview with CNBC aired on Wednesday’s “Closing Bell,” President Donald Trump remarked that the 10% credit card interest rate cap he supports “sounds like” something New York City Mayor Zohran Mamdani (D) came up with. Trump said, “[O]ne-year

The constitutional answer in the Trump v. Cook case isn’t an expansive judicial review of the president’s removal decisions. It’s trusting the Senate to do the job the framers assigned it.