Economy - Page 36

“We are skint, and it’s getting worse”, warns Brexit’s Nigel Farage as his Reform UK Party launched its economic plan.

A funding bill from Republicans includes billions for mass migration backed by the United Nations’ International Organization for Migration.

The pro-Trump MAGA Inc. super PAC pointed out that Bidenomics is not a joke, referring to how food prices at restaurants have increased under President Joe Biden’s administration.

Stubbornly high inflation is making it more difficult to raise a child in President Joe Biden’s (D) America, per LendingTree.

Wall Street executives have started flocking to former President Donald Trump after feeling the brunt of the Biden administration’s anti-business policies.

The growing debt accrued by Nicaraguan communist dictator Daniel Ortega from borrowing Chinese money has compromised the future of the Central American nation, according to a report published by the local newspaper Confidencial on Monday.

The rise in longer-term inflation expectations are likely to add weight to the argument that the Fed should keep its policy rate at current levels rather than cut later this year.

The foreign ministers of BRICS member nations – and another 13 countries interested in collaborating with the anti-Western bloc – convened in Russia on Monday for a meeting outside of the confines of the BRICS annual summit to discuss, among other issues, ways to expand trade without the use of the U.S. dollar.

Approximately 10,000 jobs have reportedly been slashed at California fast food eateries after the minimum wage was hiked to $20.

Joining so many other services in the era of Bidenomics, Warner Bros. Discovery is hiking the subscription rates for its Max streaming service.

Parents in New York City were outraged after having to fork over $14 for a waffle cone at an ice cream truck.

The FTC is investigating whether Microsoft structured its recent deal with artificial intelligence startup Inflection AI to avoid a government antitrust review.

Former President Donald Trump is floating a policy that would put United States tariffs on foreign countries that refuse to take back their nationals who are illegally in the U.S. and have been ordered deported. 

President Joe Biden’s economic agenda is scoring foreign-born workers more jobs in the United States labor market as hundreds of thousands of native-born Americans have dropped out of the workforce over the last year.

We have been saying for a few weeks that the softness in the April numbers looked like a “blip” and that the economy appeared to rebound in May. The jobs numbers confirm that view, and we expect that will not be lost on Fed officials when they meet next week.

Former President Donald Trump said at a Silicon Valley fundraiser on Thursday that he would be a “crypto president,” while the Biden administration has been staunchly anti-innovation.

PragerU announced on Friday that Google took down its app from the Google Play Store, accusing the organization of “hate speech” over its documentary Dear Infidels: A Warning to America.

Former President Donald Trump says record illegal immigration to the United States on President Joe Biden’s watch has sent rents and housing costs skyrocketing for Americans.

Tesla’s board chair, Robyn Denholm, is imploring the company’s shareholders to approve CEO Elon Musk’s massive $56 billion compensation package, hinting that failure to do so could lead to Musk’s departure from the electric vehicle giant.

Despite the U.S. government’s efforts to prevent advanced AI chips from falling into the hands of Chinese companies, some American corporations are finding ways to circumvent these restrictions. Oracle in particular has reportedly helped China’s TikTok by “renting” AI chips to the communist social media company.

A former OpenAI governance researcher has made a chilling prediction: the odds of AI either destroying or catastrophically harming humankind sit at 70 percent.

Dollar General is taking drastic steps to end the retail theft that has been plaguing its stores across the nation.

Taxpayer-funds are reportedly driving the recent job boom in New York City through a 2015 policy change that loosened eligibility Medicaid benefit rules. 

Much higher than expected job growth and wage growth shuts the door on a rate cut early this summer.

The China Petroleum and Chemical Corporation (Sinopec) announced on Thursday that its Sinopec Oilfield Service Company has signed an agreement worth about $1.1 billion to construct natural gas pipelines for Saudi Aramco, the state oil company of Saudi Arabia.

As the Federal Reserve prepares for its June Federal Open Market Committee (FOMC) meeting, speculation is rife about its next move.

Hollywood star Ashton Kutcher is bullish about AI, saying the technology will enable people to create their own content that will compete with the movies and TV shows put out by the Hollywood studios.

In a recent interview, Zoom CEO Eric Yuan shared his vision for the future of work, where AI-powered digital twins will “revolutionize” how we collaborate and communicate.

Democrats are increasingly optimistic about America’s economy despite signs that growth is slowing and inflation has accelerated.

The parent company of major retailer T.J. Maxx is giving its workers body cameras to try to stop shoplifting incidents, which are plaguing businesses across the nation.

NewsBreak, the most downloaded news app in the United States, has come under fire for publishing fake news stories generated by AI and its ties to China, raising concerns about the spread of misinformation and data privacy.

Federal regulators have reportedly reached an agreement to investigate the dominant roles played by Microsoft, OpenAI, and Nvidia in the rapidly evolving AI industry.

Labor costs are rising at a fast rate that indicates a resurgence of inflationary pressure.

The number of people applying for unemployment benefits jumped by 8,000 last week to 229,000, more than economists had forecast.

A Pennsylvania state senator introduced legislation to increase the state’s minimum wage to $20, the highest in the nation.

Breitbart News economics editor John Carney said Tuesday on Fox Business Network’s “Kudlow” that a few months of weakness was insufficient for the Federal Reserve to cut interest rates.