Economy - Page 47

On Friday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers Chair Jared Bernstein reacted to the March PCE report that showed the yearly PCE inflation rate increasing with the annual core rate holding steady along with

xAI, Elon Musk’s artificial intelligence startup aiming to rival ChatGPT developer OpenAI, is set to close a massive $6 billion funding round that values the 10-month-old company at a staggering $18 billion.

Mark Zuckerberg’s Meta, the company formerly known as Facebook, continues to invest heavily in his Metaverse vision, even as its Reality Labs division reports significant financial losses, including an astounding $3.8 billion loss in the first quarter of 2024.

It is unlikely that the Fed will cut rates at all this year; and, if inflation stays hot, it may find that it will need to begin a new cycle of rate hikes sometime next year.

Mark Zuckerberg’s Meta, the parent company of Facebook and Instagram, has come under fire for flooding Facebook and Instagram with ads promoting sexually explicit “AI girlfriend” apps while simultaneously cracking down on content posted by human prostitutes.

Google’s parent company Alphabet exceeded analysts’ expectations in its first-quarter results, driving shares up by about 10 percent in morning trading on Friday.

Rising inflation has led consumers to rethink the idea that inflation was going to come down a lot this year.

The PCE index shows that progression on bringing down inflation has stalled.

The vote Thursday by the Democrat majority on the Federal Communications Commission (FCC) to restore Obama-era Net Neutrality rules returns the U.S. to the vulnerable place it was in before the policy was ended under Trump.

California Gov. Gavin Newsom (D) admitted Thursday that the state still faces the risk of blackouts in heat waves despite investing in battery capacity to store electricity for use in times of peak demand.

On Thursday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” White House Council of Economic Advisers Chair Jared Bernstein stated that even with the latest GDP report, we “really haven’t seen much in terms of slow growth yet.”

On Thursday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” White House Council of Economic Advisers Chair Jared Bernstein stated that the White House is okay with the latest GDP report, “especially once you get under the hood,

On Thursday’s broadcast of “NewsNation Now,” White House National Climate Adviser Ali Zaidi denied that the Biden administration is attempting to shut down the coal industry or slow any industry down, and stated that the issue is “about how do we speed

CNN Chief Climate Correspondent Bill Weir stated that the newly finalized set of rules on coal power plants announced by the Biden administration “essentially signals the end of coal as a power source in the United States.”

Southwest Airlines will be cutting jobs and ceasing operations at four airports while reducing flights from others to cut costs amid Boeing’s ongoing complications.

Fertility rates in the United States hit a record low in 2023, according to provisional data released by the Centers for Disease Control and Prevention (CDC) on Thursday.

The pace of economic growth in the first three months of the year was far more sluggish than anyone expected—and inflation was much higher.

Shares of rental car giant Hertz plunged by more than 20 percent on Thursday after the company reported huge losses related to its investment in Electric Vehicles (EVs).

Spotify CEO Daniel Ek has raked in nearly $119 million in a stock sale after recently overseeing the layoff of 1,500 employees — a reduction that Ek himself acknowledged created a “significant” challenge” for the streaming company.

A New York union leader says that Democrat policies are pushing voters toward Republicans and that the vast majority of his 9,000 members back former President Donald Trump over President Joe Biden.

A New York City construction worker delivered a harsh message to President Joe Biden on Thursday morning in Manhattan.

LNG Energy Group, a Canada-based company owned by billionaire Texas businessman Rodney Lewis, brokered a deal with Venezuela’s PDVSA.

Breitbart economics editor John Carney said Thursday on Fox Business Network’s “Kudlow” that President Joe Biden is implementing regulations that were crushing the economy.

Consumer spending weakened by much more than expected while inflation accelerated.

Mark Zuckerberg’s Meta suffered a significant hit to its stock price in extended trading on Wednesday, despite better-than-expected profit and revenue for the first quarter, as Zuckerberg focused on the company’s long-term investments in AI and the metaverse during the earnings call. The stock is now down more than 15.7 percent in Thursday pre-market trading.

On Wednesday’s broadcast of CNBC’s “Squawk Box,” Professor of the Practice of Economic Policy at Harvard University and the Harvard Kennedy School Jason Furman, who served as Chairman of the Council of Economic Advisers under President Barack Obama and on the

Senators are calling on President Joe Biden to hike United States tariffs on imported aluminum to save American jobs.

The Biden administration’s declaration that it will treat almost all noncompete provisions in employment agreements as illegal should be seen for what it is.

A whopping 85 percent of New Yorkers said the cost of food is rising faster than their income in a poll released Tuesday.

President Joe Biden’s approval rating is deep underwater on what Americans rated as their top two issues in an Economist/YouGov poll.

Rep. Kevin Hern called Wednesday for Republicans to turn their sights on President Joe Biden’s renewed push to transfer student loan debt to American taxpayers.

Democrats are sneaking online censorship of “hate speech” into the Kids Online Safety Act (KOSA) under the guise of “protecting kids” – and many Republicans on capitol hill appear to be on board.

The Federal Trade Commission (FTC) has banned almost all noncompete employment agreements that prohibit workers from switching to competing businesses or starting one of their own.

A former Amazon AI scientist, Dr. Viviane Ghaderi, has filed a lawsuit against the tech giant, claiming she faced discrimination, retaliation, and wrongful termination after disclosing her pregnancy and raising concerns about copyright infringement in AI research.

President Joe Biden signed into law Wednesday a $95 billion war aid measure that includes aid for Ukraine, Israel and Taiwan that also includes a provision that would force social media site TikTok to be sold or be banned in U.S.

In a bizarre twist that seems straight out of a dystopian sci-fi movie, U.S. residents can now legally purchase a flame-throwing robot dog named Thermonator for just under $10,000.