Economy - Page 21

Customers are waiting for a downturn in interest rates, the CEO of Lowe’s said.

Ikea, the Swedish furniture retail giant, has embraced the use of autonomous inventory drones to streamline operations and improve efficiency in its massive warehouses across Europe. If the rollout is successful, it is likely that American jobs will also be sacrificed at the altar of automation.

Tesla’s Model 3 and Model Y are commanding the used electric vehicle (EV) market, even as their prices continue to fall dramatically, according to recent data from a major online car marketplace. The price of a used Tesla Model 3 has dropped by 29 percent over the last year due to a lack of demand, a huge glut of supply, and lower prices for new EVs.

Leftists around the world have been flocking to alternative social media platforms over the last year, fleeing Elon Musk’s X/Twitter. Although Mark Zuckerberg’s Threads has been touted as the ultimate X replacement, the reality is that many users find the platform “deathly dull.”

Cubans in Havana are increasingly resorting to using Chinese electric motorbikes, the South China Morning Post (SCMP) reported on Monday, as the decrepit “classic” vehicles tourists fawn over become increasingly less reliable and the Communist Party fails to keep gasoline and diesel fuel stocked.

China’s National Bureau of Statistics on Friday released economic data that showed youth unemployment rose to 17.1 percent in July, an increase from 13.2 percent in June and the highest level recorded in 2024 so far.

The DNC accused Donald Trump of having “abandoned” auto workers in Lordstown, Ohio, after General Motors CEO Mary Barra closed the plant.

It is not just Kamala Harris who is looking for a better job.

General Motors will lay off about 1,000 software employees, including 600 workers in Warren, Michigan, and others in California and Texas.

Adam Andrzejewski, the founder of the government spending watchdog group Open The Books, passed away in Illinois at the age of 55.

Former President Donald Trump blasted Vice President Kamala Harris’s economic plan, saying she “can’t answer how she’d pay” for her policies.

Spend and tax. Tax and spend. Tax. Tax. Spend. Spend.

Former President Donald Trump gives a speech about the American economy while in York, Pennsylvania, on Monday, August 19.

The cozy relationship between the Kamala Harris campaign and Big Tech giants including Google have sparked concerns about potential leniency in antitrust cases if she is elected president.

The San Francisco City Attorney’s office has launched a lawsuit against 16 of the most visited AI-powered “undressing” websites, alleging violations of state and federal laws prohibiting revenge porn, deepfake pornography, and child pornography.

The economy is slowing but there index of leading indicators still says there is no recession on the horizon.

While Democrats party as they coronate Vice President Kamala Harris in Chicago this week, former President Donald Trump’s campaign is going on offense in the battleground states.

Americans should not believe Vice President Kamala Harris when she says that inflation will be a “day one” priority for her because her “day one” was three-and-a-half years ago when she and President Joe Biden took over the White House, former President Donald Trump said during a rally in Asheville, North Carolina, last week.

Billionaire Carl Icahn and his company were charged by U.S. regulators with failing to disclose personal loans worth billions of dollars that were secured using securities of Icahn Enterprises as collateral

Minnesota Gov. Tim Walz (D) and Vice President Kamala Harris’s husband, second gentleman Doug Emhoff, appeared to aide Harris in her search for Doritos.

Morton Salt has joined the growing list of major companies to ditch Chicago for safer and more business-friendly cities ahead of the Democratic National Convention’s kickoff on Monday.

Vice President Kamala Harris voted against the Trump Tax Cuts and Jobs Act when she was a senator in 2017, which doubled the child tax credit, a tax credit she now hopes to dramatically raise.

Scott Bessent, the founder and CEO of Key Square Group, a global macro investment firm, told Breitbart News Saturday that Vice President Kamala Harris is an “economic illiterate” who would crash the economy if elected president.

CNBC ran two articles covering competing proposals for an expansion of the federal child tax credit — but while it called Republican JD Vance’s $5,000 proposal “difficult,” it did not criticize Democrat Kamala Harris’s $6,000 plan.

Former President Donald Trump reiterated a campaign promise to eliminate taxes on Social Security income for seniors.

Driverless cars stationed in a San Francisco parking lot created a traffic jam at 4:00 a.m. and began honking at each other, waking up local residents. Many report the pre-dawn traffic snarl is a regular occurrence for the driverless cars.

Former Google CEO and noted leftist Eric Schmidt’s recent comments at Stanford University have ignited a firestorm of discussion about the future of AI and the ethics of Silicon Valley entrepreneurship.

Vice President Kamala Harris’s 2019 vow to ban fracking and her subsequent alleged flop-flop sows distrust among Pennsylvanians.

Eugenia Kuyda, the founder and CEO of Replika, believes AI companions will soon become an integral part of people’s daily lives, offering friendship, emotional support, and even romance.

Mercedes-Benz and BMW have reportedly disclosed the names of their electric vehicle battery suppliers in South Korea, following a recent EV explosion that triggered widespread revolt against electric vehicles.

CLAIM: The Biden-Harris administration capped the cost of insulin, Vice President Kamala Harris said during Friday’s economic speech.

Vice President Kamala Harris promised Friday that she would build 3 million new homes in four years if she were elected, but she and President Joe Biden barely managed to build eight EV charging stations in two-and-a-half years.

The Biden-Harris administration has controlled the White House for nearly four years, and voters are unlikely to forget Kamala Harris’s role as the chief cheerleader for Biden’s widely disliked economic policies.

Oil prices slip as investors digest the latest downbeat economic news from China, with extended slumps in retail and real estate.

Kamala Harris wants to subsidize young homebuyers who are being forced out of the housing market by her support for massive legal and illegal migration.

Vice President Kamala Harris has not held an unscripted press conference for 26 days since joining the 2024 presidential race.