Economy - Page 56

Rep. Tom Emmer (R-MN) told Breitbart News that Republicans are combatting President Joe Biden’s “war on American energy.”

In a scathing letter to Judge Lewis Kaplan, FTX Trading CEO John Ray alleges that disgraced FTX founder Sam Bankman-Fried made “callously” and “demonstrably false” claims in his sentencing memo to secure a lighter prison term. According to Ray, the harm caused by SBF is “vast” and his remorse is “nonexistent.”

Italian Prime Minister Giorgia Meloni is seeking damages over AI-generated deepfake pornography that superimposes her face onto the body of a naked woman.

Elon Musk’s Tesla, once the undisputed leader in the electric vehicle market, is now grappling with a series of challenges that threaten to undermine its dominance.

President Joe Biden is underwater on the 3 top issues facing voters in 2024, a poll found, raising a red flag for Biden’s reelection chances.

The EU announced on Wednesday that it would be adding several foods to its list of Ukrainian agricultural products with “emergency breaks”.

This year’s spending bill for homeland security includes much — but not all — of what Democrats and their GOP establishment allies want. 

The Biden administration’s push for electric vehicles (EVs) is exacerbating the country’s inflationary woes by driving up the price of auto insurance, Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.

The latest dispatch from the Federal Reserve left the expected path of interest rates over the next year unchanged. Yet it hinted at a potentially tumultuous shift beneath the calm facade, a shift to a higher rate of interest over the long term.

Democrats are siding with former President Donald Trump in suggesting that the United States must protect the nation’s auto workers.

A major California McDonald’s franchisee is speaking out against Gov. Gavin Newsom’s (D-CA) new $20 fast food minimum wage law.

A plurality of voters say Joe Biden’s policies personally hurt them. A plurality of voters say Donald Trump’s policies personally helped them.

Planet Fitness lost $400 million drop in market value after canceling the gym membership of a person who photographed a trans person in the women’s locker room.

Food delivery service DoorDash has reportedly partnered with Alphabet’s Wing drone delivery company to introduce a fast food delivery pilot in Christianburg, Virginia. The company, which typically relies on an army of gig economy workers to deliver food, claims it will now use drones to deliver Wendy’s orders to customers as part of the pilot project.

Congress will vote Friday on a $1.2 trillion, 1,000-plus page spending bill revealed Thursday just before 3:00 a.m.

The U.S. Department of Justice has filed an antitrust lawsuit against Apple, targeting the Silicon Valley giant for its stranglehold over the iPhone ecosystem.

The once-thriving tech industry is now grappling with a harsh reality as widespread layoffs continue to sweep through the sector, leaving tens of thousands of workers struggling to find new employment.

The number of people being thrown off of payrolls and onto unemployment remains very low.

The company that makes Ben & Jerry’s ice cream announced Tuesday it is cutting 7,500 jobs across the globe in an effort to save money.

Jason Isaac, the founder and CEO of the American Energy Institute, discusses the Biden administration’s new environmental regulation requiring automakers to phase out gas-powered vehicles.

Manufacturing and residential construction were key drivers in the unexpected rise in the closely watched index of leading indicators.

Brian Kelly, founder of The Points Guy, believes Senators Roger Marshall (R-KS) and Dick Durbin’s (D-IL) credit card bill will ax associated rewards programs, which Americans increasingly rely on in Biden’s economy.

President Joe Biden’s welcome lured more than 1,000 mostly Latino migrants to their deaths along his border in 2022, according to an agency statement quietly released on March 18.

Joe Biden’s recent thumbs down on the Nippon-U.S. Steel marriage was met with the predictable shrieks of “protectionism” from self-styled free-market pundits.

Apple CEO Tim Cook, who is currently in Shanghai to open the company’s eighth store in the city, has been vocal about China’s critical role in Apple’s supply chain and the company’s commitment to investing in the country. Cook’s desperate PR campaign comes as the iPhone has lost the crown as best selling smartphone in the communist country.

Fed officials now expect it will take slightly higher interest rates to get inflation down to their two percent target and to keep it there.

Hollywood’s streaming business is on the brink of catastrophe while price hikes continue to push more American subscribers away.

Fed officials continue to expect three cuts this year while saying they need move evidence inflation is headed lower before they start cutting.

Intel will reportedly be awarded as much as $8.5 billion in federal grants related to the CHIPS Act, with up to $11 billion more in potential loans available. The funds are expected to be used for manufacturing and research facilities in Arizona, New Mexico, Ohio, and Oregon.

President Joe Biden has issued a new environmental federal regulation to begin phasing out gas-powered cars, requiring American automakers to produce Electric Vehicles (EVs) as part of his sweeping green energy agenda.

The Merriam-Webster dictionary defines the term “bloodbath” as a “major economic disaster,” a characterization used by Donald Trump.

Google is aggressively ramping up its push into the healthcare sector, leveraging its ultra-woke Gemini AI technology to monitor personal health through popular “wearable” devices like Fitbit and screen for diseases globally.

China’s securities regulating agency announced on Monday that it had banned the founder of real estate giant Evergrande from the securities market and accused the company of $78 billion fraud.

It’s getting harder each day to avoid the conclusion that the Federal Reserve’s supposedly tight leash on the economy might be more of a myth than a reality.

Texas on Tuesday said it is divesting $8.5 billion from asset manager behemoth BlackRock over the company’s anti-fossil fuel policies.

Planet Fitness’s stock dropped after the company demanded women share restrooms with men and told employees to use pro-transgender language.