Economy - Page 38

Nike has reportedly laid off some workers from its secret sneaker archives, the news coming after the company began mass layoffs in February.

A Dominican Republic national living illegally in the U.S. has admitted to stealing $213,000 in food stamp benefits in Rhode Island.

The left-wing Atlantic has announced a strategic content and product partnership with OpenAI, positioning the media company as a premium news source within OpenAI’s products, including the popular ChatGPT.

The Walt Disney Company saw its stock dip nearly 2 percent early Thursday after billionaire Nelson Peltz sold his stake in the company following his unsuccessful proxy battle.

The U.S. trade deficit in goods unexpectedly surged higher in April as imports of autos and capital goods grew rapidly. The deficit widened by 7.7 percent to $99.4 billion in April, the Commerce Department’s advanced estimate of trade and inventories

The U.S. economy grew less than previously thought in the first three months of the year, expanding at an annual pace of just 1.3 percent, revised government data showed Thursday.

On Wednesday’s broadcast of NPR’s “Here and Now,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers stated that “the cost of money,” something that isn’t included in

McDonald’s is fighting back against media reports it says have exaggerated its price increases

United States tariffs on China-made imports have helped rescue America’s left-behind textile industry from devastation after decades of free trade that came with mass layoffs of the nation’s textile workers.

It is becoming clearer with each passing day that there will be no interest rate cuts in the immediate future—and maybe not even in the distant future.

A massive leak of internal documents purportedly exposing the inner workings of Google’s search algorithm has sent shockwaves through the tech industry and search engine optimization (SEO) community.

In a move to address the growing concerns surrounding AI safety and security, OpenAI has announced the formation of a new governance body tasked with overseeing the development of its future AI models, including the successor to GPT-4.

Chinese Communist dictator Xi Jinping admitted at a Politburo session on Monday that China’s job market is in “chaos.”

In a race to secure partnerships with top AI start-ups, Mark Zuckerberg’s Meta and Elon Musk’s xAI have been engaging in discussions with chatbot-maker Character.ai, as the AI arms race in Silicon Valley intensifies.

The Biden administration lifted financial restrictions on Cuba on Tuesday, allowing “independent private sector entrepreneurs” in the communist-ruled nation access to the United States banking system to open U.S. bank accounts.

Canadians’ wages, wealth, and productivity are falling amid a massive inflow of poor migrants, yet Prime Minister Justin Trudeau wants to grant citizenship to foreign-born children of the migrants who take low-wage jobs from Canadians.

Neel Kashkari said that “dramatic increase in immigration” is boosting housing demand, adding to inflation and keeping the Fed from cutting interest rates.

Trump-endorsed Ohio Senate candidate Bernie Moreno is slamming incumbent Sen. Sherrod Brown (D-OH) as the state loses more manufacturing jobs to the far left’s radical green energy agenda.

The president of the United Arab Emirates (UAE), Mohamed bin Zayed Al Nahyan, signed a “Comprehensive Economic Partnership Agreement (CEPA)” alongside South Korean counterpart Yoon Suk-yeol in Seoul on Wednesday, dramatically expanding trade between the two countries.

Lending Tree surveyed 2,000 American adults and found 78 percent now consider fast food a luxury.

Hammack will replace Loretta Mester, one of the Fed’s most hawkish officials.

WASHINGTON (AP) — Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb

Mining giant Anglo American rejected a request by Australian rival BHP to extend talks on a $49 billion takeover offer beyond a looming Wednesday deadline, possibly ending a bid to create a copper titan. Anglo American rejected a third offer

On Tuesday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” White House Senior Adviser Amos Hochstein stated that the White House wants to lower energy prices and “we’re going to try to work to make sure that we

On Tuesday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” White House Senior Adviser Amos Hochstein said that America is the largest producer of oil and gas in the world, but they don’t want to see that continue

Because no national figures ever actually go there to interact with the residents, the people of the Bronx are often spoken for, and caricatured, by media and politicians claiming to represent them.

During an interview with CNBC Europe on Tuesday, Minneapolis Federal Reserve Bank President Neel Kashkari stated that right now, inflation is going sideways, we need “many more months of positive inflation data” to get one to two rate cuts and government

On Tuesday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” White House Senior Adviser Amos Hochstein responded to a question on the slow progress in building out electric vehicle charging stations by stating that “we have to work

On Tuesday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” White House Senior Adviser Amos Hochstein stated that the Biden administration “made enormous progress to advance renewable energy in this country, to advance electric vehicles, but that’s not

Google’s troubled AI search tool reportedly claimed there are gay Star Wars characters called “Slurpy Faggi” and “Dr. Butto.” This adds to the list of the search giant’s insane responses, such as suggesting pregnant women smoke and you should add glue to pizza sauce to make the cheese stay on better.

The Conference Board’s monthly measure of consumer confidence is another piece of evidence suggesting that the economy accelerated in May.

OpenAI announced on Tuesday that it has begun training a new flagship AI model to succeed the GPT-4 technology powering its popular chatbot, ChatGPT.

Consumer confidence rose in May but households’ assessments of their financial health worsened and inflation expectations rose.

High mortgage rates are holding back the supply of homes for sale, putting homes out of reach for many Americans.

In a significant move to cement its position in the AI industry, Elon Musk’s xAI has secured $6 billion in Series B funding from investors including Saudi Arabia’s Kingdom Holding.

During an interview aired on Monday’s broadcast of NPR’s “Morning Edition,” Colorado Gov. Jared Polis (D) stated that the China tariffs announced by President Joe Biden will raise prices and harm the deployment of solar energy because “we need” Chinese