Economy - Page 26

Billionaire donors to Vice President Kamala Harris’s presidential bid are doubling down on their demands that she fire Federal Trade Commission (FTC) Chair Lina Khan, considered the nation’s leading trust-buster focused on fighting monopolies in Big Tech, financial services, and other industries. 

A married Iowa couple were laid off by John Deere on the same day as part of a massive wave of personnel downsizing after sales at the agricultural machinery company took a plummet.

Leftists are desperate for the Federal Reserve to cut interest rates because they hamper the “country’s ability to combat the climate crisis.”

An unexpected plunge in construction spending indicates the economy may be slowing more rapidly than thought.

There were big jumps in claims in Michigan and Texas.

Elon Musk’s ambitious Tesla Full Self-Driving (FSD) technology, a cornerstone of Musk’s vision for the company’s future, is facing fresh criticism following a Wall Street analyst’s alarming test drive experience.

Texas Attorney General Ken Paxton (R) announced he has won a $1.4 billion settlement from Mark Zuckerberg’s Meta over privacy-related concerns involving Facebook capturing Texan users’ facial and biometric data without their knowledge or consent.

Donald Trump on Wednesday threw a monkey-wrench into the plans of Democrats to claim he wants to cut Social Security when he proposed ending federal taxes on the benefits of retirees.

United Auto Workers (UAW) President Shawn Fain, representing about 370,000 of the nation’s auto workers, has endorsed Vice President Kamala Harris for president. The endorsement comes even as Harris has pioneered Electric Vehicle (EV) mandates to fully eliminate the sale of gas-powered cars in the United States, a policy that risks millions of American auto jobs. 

Between rising prices, tax increases, and minimum wage hikes, the entire fast-food industry—including pizza delivery—is at an inflection point.

Badcock Home Furniture & More is going out of business after the chain announced the closure of nearly 400 stores on Tuesday. 

Snapchat is refusing to reinstate former President Donald Trump’s account while asking the 45th president to advertise with the social media platform, according to the Trump campaign.

Former President Trump called for an end to the tax many seniors pay on their Social Security income.

The Fed said it still needs greater confidence that inflation will return to target before it will cut rates.

Mark Zuckerberg’s Meta, the parent company of Facebook and Instagram, is facing criticism for allowing advertisements that promote illegal drugs including cocaine and opioids on its social media platforms, even as it faces a federal investigation into the practice. 

Meta’s AI assistant and Google’s search autocomplete feature have come under scrutiny for providing inaccurate information related to the recent attempted assassination of former President Donald Trump. While Google claims it is trying to improve its feature, Meta has a different excuse for covering up the assassination attempt — its AI was “hallucinating.” 

A recent Google advertisement debuted during the Olympics and featuring AI writing a personal letter has ignited a heated debate about the appropriate use of technology in human communication and creativity.

Weakness emerging in the jobs market just 99 days ahead of election day.

Kamala Harris has entered the presidential race burdened by her deep ties to the widely disliked Biden economy.

Hundreds of Chinese merchants who supply products to global discount shopping app Temu stormed the company offices in Guangzhou on Monday, waving protest signs and chanting slogans accusing the company of cheating its suppliers.

Rite Aid is shutting down stores left and right with the latest closures hitting Michigan and Ohio residents.

U.S. lawmakers passed a proposal requiring the federal government to purchase U.S. flags made 100 percent in America.

The migrant wave welcomed by President Joe Biden’s border chief is imposing huge and unfair economic burdens on the working Americans who pay federal, state, and local taxes, according to Sen. Chuck Grassley (R-IA).

Seventy percent of adults say the economy under President Joe Biden and Vice President Kamala Harris is getting worse, according to polling.

The labor market is not as tight as it has been over the past two years but it remains historically tight.

Elon Musk’s Tesla has announced a recall of over 1.8 million vehicles across multiple models due to a potential hood latch issue that could compromise driver safety.

Tech giant Google has addressed concerns raised by prominent conservatives regarding its search autocomplete function, particularly its censorship of searches related to the recent attempted assassination of former President Donald Trump. The masters of the universe claims they are “working on improvements” including the autocomplete function.

Republicans are feeling better about the future as polls show Trump-Vance are favored to win in November.

Dismal electric car sales have reportedly forced German car parts giant ZF Friedrichshafen AG to cut jobs. The layoffs are in response to “the changes in the mobility sector, particularly in the field of electromobility.”

Facebook has acknowledged an alleged “mistake” in censoring an iconic image of former President Donald Trump following the July 13 assassination attempt in Pennsylvania, sparking renewed debate over social media content moderation practices. Meta labeled the famous photo as an “altered image,” only later admitting it was a “mistake.”

The new Labour Party government is set to slash winter energy benefits for around 10 million pensioners while preparing massive tax hikes to fund soaring spending

Mark Zuckerberg’s Meta rushed to reverse its AI’s answer to questions from users about the assassination attempt on former President Donald Trump. Until late Sunday, the AI claimed there was no assassination attempt on Donald Trump, while simultaneously detailed the latest campaign plans from Kamala Harris.

Will Fed officials stick by their forecast of a single rate cut this year or capitulate to financial markets that are pricing in multiple cuts this year?

Vice President Kamala Harris allegedly flip-flopped on her previous support of banning fracking, a process that fuels American energy independence and boosts Pennsylvania’s economy.

Vice President Kamala Harris championed the administration’s so-called “Bidenomics,” as costs dramatically soared for American families.

High prices and a Gaza-related boycott hurt sales in the quarter.