Economy - Page 50

Business-backed progressives are slamming Iowa’s Republican politicians for passing a popular law that partly protects Americans from President Joe Biden’s vast migration inflow.

The Teamsters Union’s political action committee contributed $5,000 to Sen. Josh Hawley’s (R-MO) reelection campaign.

UPS is preparing to lay off workers at its facility in New Stanton, Pennsylvania, as several other companies are doing the same.

Taxes are already a headache, but they will become a migraine for Americans if lawmakers don’t act now to make the 2017 Trump tax cuts permanent.

Elon Musk’s Tesla has announced a significant reduction in its global workforce, with layoffs affecting more than 10 percent of its employees.

In a recent court filing, Apple has asked a judge to deny Epic Games’ motion accusing the tech giant of violating a 2021 injunction related to its App Store practices.

Google has begun restricting access to news articles for some users in California in response to the pending California Journalism Preservation Act, which would require tech giants like Google and Mark Zuckerberg’s Meta to pay publishers for news content.

Many renters in the United States worry that they will never be able to buy a home, citing a lack of affordability, according to a recent survey.

Instagram, the popular social media platform owned by Mark Zuckerberg’s Meta, is set to launch a new safety feature aimed at protecting minors from receiving unwanted nude images in their direct messages.

Elon Musk’s ambitious plans to launch a Tesla robotaxi service have hit a roadblock in California, as the state’s key regulatory agencies reveal that the company has yet to submit the necessary permit applications.

British authorities accused China of flooding the country with fake postage stamps, a form of industrial sabotage and “economic warfare”.

The U.S. and UK will begin restricting the trade of new Russian-origin metals on global metal exchanges and in derivatives trading.

On Friday’s broadcast of CNBC’s “Squawk on the Street,” BlackRock CEO Larry Fink stated that it will be difficult to reach 2% inflation and one reason is “We have a trillion dollars of fiscal stimulus in the CHIPS Act, the

On Friday’s broadcast of CNBC’s “Squawk Box,” Agriculture Secretary Tom Vilsack responded to a question on if spending in the Inflation Reduction Act will create inflationary pressure by stating that “One of the things that I think is missed about the

Gov. Gavin Newsom’s administration lost track of $24 billion it spent over the past five years on the homelessness crisis, an audit found.

This year’s presidential and congressional elections are unlikely to be decided on the issue of tax policy, but they will very likely determine how much of the tax cuts enacted under President Donald Trump survive.

In his annual letter to shareholders, Amazon CEO Andy Jassy touted the transformative potential of generative AI while also committing to ongoing cost-cutting measures.

Undecided voters from swing states on an MSNBC panel this week declared opposition to President Joe Biden because of his economic failures.

Elon Musk’s rebranding of Twitter to X encountered a significant hurdle this week when the social network’s attempt to automatically replace “twitter.com” links with “x.com” backfired. Security expert Brian Krebs called the system “a gift to phishers,” allowing hackers to make links to malicious sites look safe.

Chinese cheap goods e-marketplace Temu “encouraged” suppliers to use Chinese cotton in their products despite the vast majority of that cotton being produced in occupied East Turkistan, the technology news site The Information alleged in a report published on Thursday, apparently disregarding the risk of using materials tainted by slave labor.

Streaming giant Roku has disclosed a massive data breach that has compromised more than 576,000 user accounts, marking the second security incident for the company in just a month.

A fast-food franchisee in California is rushing to install kiosks at his restaurants to save money as the $20 minimum wage goes into effect.

In the first three months of the year, inflation measured by the consumer price index has run at a 4.6 percent annualized rate, much higher than the 1.9 percent rate in the final three months of last year. 

Former Speaker of the House Newt Gingrich has suggested President Joe Biden’s “economic failure” may well be his downfall in November’s presidential election.

On Thursday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers member Heather Boushey stated that the March PPI inflation data, which showed the highest level in almost a year, “tempers” worries in the wake of the

On Thursday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers member Heather Boushey stated that President Joe Biden is fighting inflation and its impact by “lowering the cost of student debt for all of those borrowers”

On Thursday’s broadcast of MSNBC’s “The Last Word,” Biden Campaign Co-Chair Rep. James Clyburn (D-SC) stated that a lot of the critics of President Joe Biden’s loan program “fail to recognize that what the President is doing is eliminating interest.”

Someone should let President Biden know that the Federal Reserve is not going to deliver him a politically expedient rate cut.

Donald Trump leads Joe Biden in North Carolina, where inflation and national security are the leading issues for voters, per a poll. 

The town of Plainville, Connecticut, announced Tuesday it is adopting a four-day workweek for some of its employees.

Elon Musk’s Tesla sales outlook has taken a turn for the worse, with two prominent analysts now predicting a decline in EV deliveries for 2024.

The traditional rite of passage for young professionals seeking a career in investment banking may soon be upended by the rapid advancements in AI technology, according to a recent report.

A court in Ho Chi Minh City rushed on Thursday to sentence real estate tycoon Truong My Lan, one of the richest women in the world, to death for her part in a $12.5 billion fraud case.

President Biden welcomed an array of high-profile guests, including tech industry leaders, to a state dinner held in honor of Japanese Prime Minister Fumio Kishida at the White House on Wednesday evening.

When Biden took office, inflation was running below the Fed’s two percent target. It only took off after he pushed through his $1.9 trillion stimulus package.

Delinquency rates among American credit card holders are at an all-time high, according to a Federal Reserve Bank of Philadelphia report.