Economy - Page 2

Tesla CEO Elon Musk finds himself at the center of a legal dispute with a group of Dogecoin investors claiming he manipulated the cryptocurrency. Now, the plaintiffs allege that Musk is financing an “unlawful harassment campaign” against them.

On Friday’s broadcast of CNBC’s “Squawk Box,” Transportation Secretary Pete Buttigieg responded to a question on whether the Biden administration can claim credit for improvements in inflation numbers after previously blaming other factors like Russia and “Putin’s price hike” by stating that “we

The bears got pummeled by Goldilocks this week as the latest economic data indicated a broadening of disinflationary trends.

Republicans on the House Judiciary Committee are calling out the FTC over what appears to be an attempt to bully an independent auditor into condemning Twitter for privacy violations.

The International Monetary Fund (IMF) announced on Thursday that countries may use the Chinese yuan to settle their debts with their organization after Argentina paid part of its dues to the IMF in yuan in June.

Twitter recently announced its decision to share advertising revenue with content creators on its platform. However, there have been accusations of bias relating to the first beneficiaries of this new initiative, including conservative influencers like Benny Johnson and Ashley St. Clair. Writing for the Washington Post, notoriously report Taylor Lorenz, who has been banned by Twitter for doxxing, claims that “So far, many of the influencers who have publicly revealed that they’re part of the program are prominent figures on the right.” 

A handful of House Republicans, with deep financial ties to the agriculture lobby, are joining Democrats to reintroduce an amnesty for more than two million illegal aliens working on United States farms. 

Threads, the new social media platform launched by Mark Zuckerberg as a rival to Twitter, has experienced a significant drop in user engagement and growth following a record-breaking debut. Analysts have published data showing a 25 percent dropoff in daily users and a 50 percent drop in the time spent on Facebook’s latest platform. Elon Musk has been quick to use his own Twitter platform to point out that Zuckerberg’s Twitter clone appears to be faltering.

Reports of falling inflation have given a big boost to consumer sentiment.

After the bigger loan forgiveness program was rejected by the Supreme Court, the Biden administration is looking for other ways to let borrowers off the hook for student loans.

On Thursday’s broadcast of CNBC’s “Squawk on the Street,” Federal Reserve Bank of San Francisco President and CEO Mary Daly stated that she was “not regularly aware” of the problems with Silicon Valley Bank (SVB) and said that doing this

On Thursday’s broadcast of CNBC’s “Squawk on the Street,” Federal Reserve Bank of San Francisco President and CEO Mary Daly responded to a question on why the weaknesses in Silicon Valley Bank weren’t identified by stating that while there are

The Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) authorized a strike on Thursday.

Two-thirds of GOP voters believe the nation’s economy is made worse by both legal and illegal migration, a Gallup poll reported on July 13. 

Long and variable? Maybe not. Fed Governor Christopher Waller have a speech titled “Big Shocks Travel Fast: Why Policy Lags May Be Shorter Than You Think” on Thursday night in New York.

Sen. J.D. Vance (R-OH) introduced legislation on Thursday that would seek to protect vulnerable industries from overly burdensome banking regulators.

We still think it is unlikely that inflation will come down to two percent without a sizable increase in unemployment, but this week’s reports make the “soft landing” scenario less unlikely.

Former Bud Light brand partner, Dylan Mulvaney, heads south of the border to “feel safe” among llamas in Machu Picchu, Peru.

Establishment media outlets are claiming that President Joe Biden has sharply reduced his wage-cutting, rent-spiking illegal migration flow across the southern border.

St. Louis Federal Reserve President James Bullard announced on Thursday that he was stepping down from his post to take the position of dean at Purdue University’s Mitchell E. Daniels, Jr. School of Business.

Vice President Kamala Harris met with civil rights activists, union leaders, and consumer protection organizations on Wednesday for a meeting about AI regulation, as leftists continue to eagerly pursue “machine learning fairness.”

San Francisco’s Anchor Brewing, the oldest craft brewery in the United States, is closing after 127 years due to persistent losses that have been driven by inflation, coronavirus lockdowns, and changing consumer behavior.

Elon Musk’s Tesla has launched an internal investigation over a secretive directive known as “Project 42,” which involved plans for a unique glass building in Austin, Texas. The project was internally described as a house for the company’s CEO, Elon Musk. Now the company’s board is investigating whether the company misused resources to build Musk a glass mansion despite his claims of couch surfing at the homes of friends.

The FTC has initiated an investigation into OpenAI’s popular AI chatbot, ChatGPT, over allegations of causing harm by publishing false information about individuals along with potential data security issues.

Twitter is embroiled in a fresh legal battle over alleged unpaid severance to its former employees. The lawsuit, filed in San Francisco federal court, accuses the company of failing to pay at least $500 million in promised severance to thousands of employees who were laid off following Elon Musk’s acquisition of the company.

The number of Americans filing first-time claims for unemployment benefits dropped by 12,000 last week to 237,000, significantly below Wall Street’s forecast for 250,000 new claims. Jobless claims are a proxy for layoffs. Although the economy has slowed down in

The producer price index saw the smallest annual increase since 2020.

Sultan al-Jaber of the United Arab Emirates, who also heads one of the country’s state oil companies, told senior officials from Europe, Canada and China gathered in Brussels that record-breaking heat seen in parts of the world recently shows the need for urgent action to curb emissions.

On Wednesday’s broadcast of “CNN Tonight,” host John Berman stated that despite “the reality” of the economy being “anything but bad” of late, most people think it’s in bad shape and blame President Joe Biden. And suggested that inflation —

On Wednesday’s broadcast of NBC’s “MTP Now,” host Chuck Todd and NBC News Business and Data Reporter Brian Cheung discussed the latest inflation report and noted that prices aren’t falling, they’re just “going up by a slower rate,” and are

The GOP chairman of the House’s homeland security panel has a five-point plan for successfully impeaching President Joe Biden’s pro-migration border chief.

The financially troubled Walt Disney Company has extended CEO Bob Iger’s contract through 2026, adding two years to what had been expected to be a brief return to the spotlight.

Canadian investor, “Shark Tank” star Kevin O’Leary said Wednesday on FNC’s “Outnumbered” that President Joe Biden‘s economic policies were “starving” small businesses in the United States.

Following reports of child exploitation and grooming across the service, Discord, the widely-used gaming chat platform, has announced sweeping changes to its policies. The new rules include a ban on teen dating and AI-generated child sexual abuse material.

Headline inflation has slowed, but deeper long-term inflation persists.

Rep. Ashley Hinson (R-IA) cheered the advancement of an appropriations bill that defunds the World Health Organization (WHO) in an exclusive comment to Breitbart News.