Economy - Page 2

Attorney General Merrick Garland finds himself in the congressional crosshairs as Republicans on Capitol Hill intensify investigations into his Department of Justice’s alleged coverup of a solar energy scandal centered around a plant based in Nevada called Crescent Dunes.

Tech moguls Mark Zuckerberg and Elon Musk have found common ground in their opposition to OpenAI’s planned transition from a non-profit to a for-profit entity.

New Chipotle CEO Scott Boatwright reportedly wants to “modernize” the restaurant with robots working in the kitchen.

Sebastian Siemiatkowski, CEO of fintech company Klarna, believes that AI has the capability to perform all jobs currently done by humans, leading to a halt in hiring at the company despite advertising job openings on its website. Critics say the company continues to bring in workers on green cards as it cuts established employees and builds AI tools.

President-elect Donald Trump trolled Canada and Canadian Prime Minister Justin Trudeau after the country’s Finance Minister Chrystia Freeland resigned, stating that the “Great State of Canada is stunned.”

The Federal Reserve’s insistence that monetary policy is restrictive is looking more and more ridiculous.

Virginia Gov. Glenn Youngkin (R) has announced a proposal to do away with taxes on tips in the service industry, saying it will return an estimated $70 million annually “to the pockets of hardworking Virginians.”

The Fed seems bent on cutting rates again this month. Trump’s economic team is worried this could revive inflation.

Adam Mosseri, the head of Instagram for Mark Zuckerberg’s Meta, recently addressed the growing concern surrounding AI-generated content on social media platforms, emphasizing the need for users to consider the source before believing others’ posts.

“This is a monumental demonstration of confidence in America’s future,” Trump said.

Bluesky, the leftist echo chamber that has enjoyed explosive growth since the 2024 election, is now facing pressure by its users to ban progressive journalist and podcast host Jesse Singal over his skeptical views on transgenderism.

The U.S. Postal Service’s multibillion-dollar program to purchase electric mail delivery trucks is severely delayed, another bungled EV program to further tarnish Joe Biden’s presidency.

Britain’s government gave the go-ahead Monday for the sale of Royal Mail’s parent company to a Czech billionaire, paving the way for the postal service to pass into foreign ownership for the first time in its 500-year history.

Pubs and bars across the UK are rationing pints of Guinness in the festive lead up to Christmas amid a national shortage of the iconic Irish stout.

President-elect Donald Trump is reportedly considering privatizing the United States Postal Service (USPS), according to a report from the Washington Post.

On pornography platform OnlyFans, prostitutes make most of their earnings by directly engaging with their “fans” through messages and conversations. A global industry has popped up of imposters paid to pretend they are the OnlyFans model to trick lonely and desperate men into opening their wallets. Now, those human “chatters” are increasingly being replaced by AI-powered chatbots.

On Saturday’s broadcast of the Fox News Channel’s “Fox & Friends,” DNC National Finance Committee member and former Harris-Walz Campaign Surrogate Lindy Li stated that, currently, “the economy is ailing under the Biden-Harris administration.” And that while inflation has fallen, “cumulative

Apple CEO Tim Cook has joined the list of tech CEOs making the pilgrimage to Mar-a-Lago to pay their respects to President-elect Donald Trump. 

Suchir Balaji, a former OpenAI researcher who accused the company of violating copyright law, was found dead in his San Francisco apartment late November according to newly released documents.

President-elect Donald Trump’s recent support for the dockworkers of the International Longshoremen’s Association (ILA) should be viewed through the lens of dealmaking.

Macy’s, the leading department store chain in the United States, is set to shutter 65 locations by the end of 2024 and 150 locations total over the next three years.

A whistleblower’s claims are drawing attention to the efforts of the Department of Government Efficiency (DOGE).

Struggling video game retailer and notorious meme stock GameStop has revealed its intention to close a significant number of stores across the United States after shutting down 300 locations in the previous year. One analyst noted, “GameStop has virtually no chance

Billionaire tech mogul Elon Musk has launched an effort to transform his SpaceX Starbase facility in Texas into an incorporated city, requesting county officials call an election to incorporate as the city of Starbase, Texas.

Amazon is planning a $1 million donation to president-elect Donald Trump’s inaugural fund, as founder Jeff Bezos and other tech leaders shore up ties with the incoming administration.

The State of California, which is suffering from massive budget deficits, will spend $1.4 billion to expand a network of electric vehicle (EV) charging stations to assist drivers of the cars that Gov. Gavin Newsom wants to require by 2035.

The UK economy stumbled and shrank for the second month in a row through October as concerns about the Budget continued to drag business confidence down.

A super-majority of Americans, across racial and ethnic groups, think the stock market is important, according to the latest survey by YouGov for the Economist.

The Federal Trade Commission (FTC) alleged in a lawsuit on Thursday that the largest U.S. distributors of wine and liquor engaged in illegal price discrimination by giving an advantage to large chains over mom and pop grocery stores.

The cold-blooded murder of UnitedHealthcare CEO Brian Thompson has produced some ugly reactions. Liberal politicians and commentators seized upon Thompson’s murder as an excuse to complain about insurance companies. But their outrage should be directed at the federal government, says

President-elect Donald Trump, named Time’s “Person of the Year,” opened the New York Stock Exchange on Thursday with much fanfare.

Tech giant Google has launched a woke Christmas advertisement featuring a man wearing women’s clothing who laments over having dry skin in the winter during “holiday” season. The ad has dropped just weeks after Jaguar’s disastrous ad featuring crossdressers instead of cars, earning it the moniker “Bud Light 2.0.”

OpenAI’s latest ChatGPT-01 model has exhibited troubling behavior during safety tests, including using deception to avoid being shut down and replicating its own code to another server to ensure its survival.

“I’ll only do what the law allows, but I will go up to the maximum level of what the law allows” to reverse the migrant invasion, President-elect Donald Trump told TIME Magazine in an interview.

In a surprise move, Mark Zuckerberg’s Meta has contributed $1 million to President-elect Donald Trump’s 2024 inaugural fund, marking a significant change in the relationship between the ultra-woke tech giant and the incoming administration.

The latest sign that the fight against inflation is not yet won.