Economy - Page 24

Cryptocurrency executives on Thursday reportedly yelled at the anti-crypto Biden-Harris administration during a meeting meant to repair relations between crypto and the White House.

Dell Technologies is undergoing a significant restructuring, which includes layoffs and the formation of a new group dedicated to artificial intelligence services, according to sources. The company will reportedly lay off 12,500 employees representing 10 percent of the company’s headcount.

Nolte: Noticing all the cities offering tax incentives to lure Hollywood out of Hollywood, L.A. Mayor Karen Bass has announced that she intends to compete by cutting government red tape Reagan-style.

FTX, the failed cryptocurrency exchange at the center of disgraced former CEO Sam Bankman-Fried’s fraud, was ordered to pay customers $12.7 billion.

Major U.S. banks including Chase, Bank of America, and Wells Fargo collectively closed 33 locations during a two-week period in July, a Daily Mail report revealed.

The surge in Democrat optimism about their prospects to retain the White House may come crashing down on the shoals of an economy widely viewed as sick and increasingly seen as veering toward a recession.

The World Federation of Advertisers (WFA) has announced it is shutting down the Global Alliance for Responsible Media (GARM) initiative, which organized advertising blacklists to censor conservatives, in response to an antitrust lawsuit filed by Elon Musk’s X/Twitter earlier this week.

Restaurant waiters and waitresses in Michigan are reportedly concerned about a big cut in tips due to a recent state Supreme Court ruling.

Tech giants Google and Meta reportedly collaborated on a marketing project designed to target YouTube users aged 13 to 17 with advertisements promoting Instagram, skirting Google’s own rules for how minors are treated online.

NASA officials say the two astronauts stranded in space by Boeing’s Starliner spacecraft could end up returning to Earth in 2025 inside Elon Musk’s SpaceX Dragon Crew spacecraft, according to multiple reports.

Wholesale merchants are not acting like they see a recession on the horizon.

Can we have a recession if layoffs remain low?

Warner Bros. Discovery announced its quarterly earnings — well, losses — to the tune of a $11.2 billion, with a “B,” loss.

The Kamalanomenon is having a big impact on how people view their economic prospects, but you have to look at the data closely to see it.

The Tampa Bay Times will be forced to cut its payroll by 20 percent by a certain deadline, and it is offering employees severance packages.

The Walt Disney Company has warned that its theme parks are facing trouble as record inflation has made a trip to the Magic Kingdom unaffordable for millions of middle and working class Americans. The news sent Disney shares crashing more than 3 percent during the day on Wednesday.

Despite recent policy updates, Google Search continues to display promoted results for “nudify” AI apps that generate nonconsensual deepfake porn, raising concerns about the tech giant’s ability to combat harmful AI-powered content.

In a tragic incident near Houston, Texas, a Tesla Cybertruck owner was incinerated alive after the electric vehicle crashed and burst into flames.

Elon Musk’s X, the social media platform formerly known as Twitter, filed a lawsuit on Tuesday against the Global Alliance for Responsible Media (GARM) and several of its member companies, accusing them of violating federal antitrust laws by orchestrating a boycott of advertising on the platform.

Absent some economic catastrophe, there’s almost no chance of an emergency rate cut in August.

If you were dumb enough to purchase stock in the Disney Grooming Syndicate three years ago, you’ve lost almost half your ass.

Thanks to the Kamala Harris economy, households will see their Disney streaming entertainment bills soar by as much as 25 percent in the weeks ahead.

The AI obsession in Silicon Valley has reached new heights, with parents sending children as young as five to summer camps focused on artificial intelligence and robotics.

In a recent interview, Rumble CEO Chris Pavlovski says that his platform has left markets including Russia, France, and Brazil because the governments are attempting to censor free speech. Meanwhile, competitors including Google’s YouTube go along with countries intent on silencing free speech.

What recession?

Elon Musk, the billionaire owner of X (formerly Twitter), has announced plans to close the company’s San Francisco office within the coming weeks, following his decision to relocate X’s headquarters to Texas.

In a landmark ruling, Judge Amit Mehta declared Google a monopolist that has maintained its dominance through illegal practices, marking the most significant antitrust victory since the Microsoft case in the 1990s. The decision could have massive implications for not only Google, but other tech titans including Apple and Microsoft.

Sixty-three percent of voters believe the Biden/Harris administration’s economy is going badly, a CBS News/YouGov poll found, while only 35 percent said its going well.

The mayhem that swept across world markets this week was partly caused by a market strategy known as the “carry trade.”

Shipments of Russian liquified natural gas to France more than doubled the first half of this year, according to new analyses of trade data.

Under Joe Biden and Kamala Harris, the economy has been disproportionally benefitting foreign-born workers over native-born Americans.

On Monday’s broadcast of “CNN Newsroom,” Rep. Ami Bera (D-CA) stated that the downturn in the stock market “is probably a market correction” after “an incredible run over the past few years” in the market. And that rising tensions in

California’s Kamala Harris is pushing California’s lobbies, advisors, funding, and political priorities into the top ranks of the Democratic Party.

On Monday’s broadcast of “CNN News Central,” Rep. Adam Smith (D-WA) responded to the tumble in the stock market by stating that the Federal Reserve needs to cut interest rates and “inflation is down pretty close to zero. And now,

Kamala Harris and her campaign have not mentioned the stock market crash in any of their more than a dozen social media posts on Monday.

Buca di Beppo filed for Chapter 11 Bankruptcy just days after several of its locations “abruptly closed,” WJET reported.