Elon Musk’s Tesla, the leading electric vehicle manufacturer, has slashed even more workers from the payroll following weeks of massive layoffs, leaving employees on edge and seeking closure.
Portfolio manager Steve Eiseman expects Donald Trump will raise tariffs on China but called claims that this would cause inflation “ridiculous.”
The strength of the housing market suggests that a lack of housing supply, high levels of immigration, and increased demand from remote work may mean interest rates need to go higher to reduce inflation.
Shares of The Walt Disney Company plunged more than 9 percent Tuesday morning as CEO Bob Iger signaled that Disney still facies a tough road ahead as it continues to pull itself out of its recent financial doldrums.
A report published on Monday by Bloomberg, citing the Russian Finance Ministry, found that Moscow generated over double the amount of revenue in April 2024 from oil sales and taxes compared to April 2023.
Confidence in President Joe Biden’s economic leadership sunk to a historically low point, Gallup polling found Monday, underscoring Biden’s vulnerability on the top issue of the 2024 presidential election.
On Monday’s broadcast of CNBC’s “Last Call,” Sen. Joe Manchin (D-WV) stated that the Biden administration had to loosen restrictions on eligibility for tax credits under the Inflation Reduction Act for electric vehicles containing components from China, Russia, North Korea,
On Monday’s broadcast of CNBC’s “Last Call,” Sen. Joe Manchin (D-WV) stated that new regulations on coal power from the EPA are taking power off the grid at the same time that demand for electricity is increasing. Host Brian Sullivan
Hundreds of Americans gathered in Boston on Saturday to blast Democrats for approving $420 million to shelter migrants.
Somebody forgot to tell corporate America that the stance of monetary policy is restrictive.
Multinational automaker Stellantis is set to launch its first hydrogen-powered vehicle for the United States market with its made-in-Mexico Ram 5500 trucks.
Despite losses in the first quarter of 2024, General Motors (GM) CEO Mary Barra says the Detroit-based automaker is “committed to China” with plans to go all-in with Electric Vehicles.
For the first time ever, the expectation to own a home among younger Americans fell below 50 percent.
Warren Buffett, the renowned investor and CEO of Berkshire Hathaway, has voiced his apprehension about the rapid advancement of artificial intelligence technology, comparing its potential impact to that of nuclear weapons. Buffett warned that AI-powered scams, with their ability to trick everyday people into believing practically anything, could be “the growth industry of all time” for criminals.
The DOJ has accused Google of encouraging employees to delete sensitive chat logs where they discussed the inner workings of the search giant’s business, including messages potentially revealing the company’s alleged anticompetitive practices and monopolistic intent in the search market.
Hundreds of illegal migrants are being killed on construction sites around the nation, marking another hidden cost of President Joe Biden’s progressive welcome for cheap migrant labor.
Nippon Steel said Friday it has postponed the expected closing of its $14.1 billion takeover of U.S. Steel by three months after the U.S. Department of Justice requested more documentation related to the deal.
Florida is embracing a “freedom sales tax holiday” to make the summer “more affordable” in President Joe Biden’s economy.
During an interview with CBS on Friday, White House Council of Economic Advisers Chair Jared Bernstein responded to a question on how long it will take prices to drop if President Joe Biden is re-elected by stating that we have
Clarkesworld, a renowned science fiction and fantasy magazine, has temporarily closed its doors to new submissions after being inundated with a large number of AI-generated stories.
The most significant antitrust trial in 25 years is drawing to a close in Washington, with Google making its final stand against the DOJ’s efforts to break the tech giant’s death grip on online search.
On Friday’s broadcast of NewsNation’s “The Hill,” White House Senior Adviser Gene Sperling discussed the recent jobs report and stated that things are “not good enough, because people are still facing too high costs in their family and personal lives.
Job growth slowed by much more than expected in April, fueling visions of multiple rate cuts this year and sending the stock market soaring.
Massachusetts Democrat Gov. Maura Healey signed the state budget, which provides an additional $426 million for housing illegals.
As the healthcare industry grapples with the rapid integration of AI, nurses are voicing their concerns about the potential risks to patient care.
Microsoft has strengthened its stance against the use of generative AI for facial recognition by U.S. police departments through its Azure OpenAI Service, a managed enterprise solution built around OpenAI’s technology.
Islamist Turkish President Recep Tayyip Erdogan confirmed reports on Friday that Ankara will ban all imports from and exports to Israel in support of the jihadist terror group Hamas.
Meta’s independent Oversight Board, often dubbed the “supreme court” for platforms including Facebook and Instagram, is planning to make job cuts, according to reports.
Donald Trump ripped Joe Biden for Friday’s weaker than expected jobs report and promised new economic policies.
Economists had forecast payrolls would grow by 240,000 and the unemployment rate would hold steady at the prior month’s 3.8 percent.
The Internal Revenue Service (IRS) has said it will increase its audit rates of wealthy taxpayers and large corporations by 50 percent.
The Federal Reserve admitted yesterday that progress on inflation has stalled and that it will take longer for the Fed to achieve the confidence it needs to cut interest rates.
Immigrants “are what makes us strong,” Joe Biden told a May 1 fundraiser for pro-migration groups in Washington, D.C.
Experts, including one of the world’s top researchers on the Uyghur genocide and a senior official in the Department of Labor, told Congress this week that legitimate audits to inspect for slave conditions and other forced labor in China, especially in the occupied Uyghur region, are “impossible.”
Multinational automaker Stellantis is making a big hiring push for low-wage engineers in Brazil, India, Mexico, and Morocco after laying off 400 Americans in its engineering, software, and technology departments months ago.
Kroger and Walt Disney are reportedly exploring joining forces in a retail streaming deal that would involve bringing Disney+ to the food retailer’s grocery delivery program.
An unexpected slump in productivity raises unit labor costs and risks higher inflation.
Peloton, the once-thriving fitness company, has hit another rough patch as it struggles to regain its footing in the post-pandemic era. CEO Barry McCarthy is now stepping down after the company’s share price dropped about 92 percent during his tenure.
Google has reportedly laid off hundreds of employees from its “Core” organization while relocating positions to India and Mexico.
More than 50 former Google employees who were fired in connection with protests against the company’s $1.2 billion contract with the government of Israel have filed a complaint with the National Labor Relations Board (NLRB), alleging unlawful retaliation.
