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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.
The post Masters of the Universe: Google Reports Strong Q1 Earnings, Stock Soars appeared first on Breitbart.
Rising inflation has led consumers to rethink the idea that inflation was going to come down a lot this year.
The post Consumer Inflation Expectations Unexpectedly Climb appeared first on Breitbart.
The PCE index shows that progression on bringing down inflation has stalled.
The post Fed’s Preferred Inflation Gauge Show Prices Rising Sharply appeared first on Breitbart.
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.
The post Breitbart Business Digest: There Are No Fed Cuts Ahead This Year appeared first on Breitbart.
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.
The post Mark Zuckerberg’s Meta Allows Facebook and Instagram to Be Flooded with Explicit ‘AI Girlfriend’ Ads appeared first on Breitbart.
Hundreds of West Virginia workers have been thrown back into job hunting in a labor market with slashed wages as a plant in Weirton closed last week. The plant closure comes as the federal government refused to impose tariffs on cheap imported tin.
The post Rust Belt Despair: West Virginia Workers Forced to Find New Jobs as Plant Closes from Lack of Tariffs appeared first on Breitbart.
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.
The post Spotify CEO Rakes in $119 Million on Stock Sale as Artists Lament Stingy Royalties appeared first on Breitbart.
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
The post White House: We’re Not Trying to Harm Coal, We’re Trying to ‘Speed Up’ to Economy that Has ‘Less Pollution’ appeared first on Breitbart.
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.”
The post White House: ‘You Don’t Eat GDP,’ Paychecks Matter ‘Most’ appeared first on Breitbart.
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.
The post Democrats Return to Net Neutrality, Despite Economic Damage appeared first on Breitbart.
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.
The post Gavin Newsom Admits: California Still Faces Blackouts appeared first on Breitbart.
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,
The post White House: We’re OK with Slower GDP Report, ‘Underlying Economy Is Solid as Ever’ appeared first on Breitbart.
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."
The post CNN’s Weir: New Biden Coal Rules ‘The End of Coal as a Power Source’ appeared first on Breitbart.
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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 post CDC: U.S. Birth Rate at Record Low After Pandemic Boost appeared first on Breitbart.
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.
The post Southwest Cuts Jobs, Quits Four Airports Due to Boeing Woes appeared first on Breitbart.
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.
The post Breitbart Business Digest: Inflation Is Too Hot for the Fed to Cut Despite Sluggish Growth appeared first on Breitbart.
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).
The post Hertz Shares Crash with Another Electric Vehicle Wreck appeared first on Breitbart.
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.
The post NY Union Leader: My Members Back Trump 3:1 over Biden; Leftist Policies Driving Voters to Right appeared first on Breitbart.
LNG Energy Group, a Canada-based company owned by billionaire Texas businessman Rodney Lewis, brokered a deal with Venezuela's PDVSA.
The post Report: Billionaire Texas Oilman Inks Deal to Revamp Venezuela’s Onshore Oil Fields appeared first on Breitbart.
A New York City construction worker delivered a harsh message to President Joe Biden on Thursday morning in Manhattan.
The post WATCH — NYC Construction Worker Shares Message to Joe Biden: ‘F*ck You’ appeared first on Breitbart.
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.
The post Carney on ‘Kudlow’: Biden Regulations Are Strangling the Economy appeared first on Breitbart.
Consumer spending weakened by much more than expected while inflation accelerated.
The post Stagflation Shock: GDP Growth Slows Much More Than Expected While Inflation Accelerates appeared first on Breitbart.
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
The post Fmr. Obama Adviser: The Goal of Biden Loan Plan Will Increase Interest Rates, Inflation, Mortgage Rates appeared first on Breitbart.
Senators are calling on President Joe Biden to hike United States tariffs on imported aluminum to save American jobs.
The post Senators, Union Workers Call On Joe Biden to Hike Aluminum Tariffs to Save American Jobs appeared first on Breitbart.
A whopping 85 percent of New Yorkers said the cost of food is rising faster than their income in a poll released Tuesday.
The post Poll: 85% of New Yorkers Say Grocery Costs Are Rising Faster than Their Income appeared first on Breitbart.
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.
The post Breitbart Business Digest: Biden’s Noncompete Ban Is a Gift to Silicon Valley appeared first on Breitbart.
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.
The post Exclusive – Kevin Hern: Republicans Must Fight Biden’s Student Loan Bailout Vote-Buying Scheme appeared first on Breitbart.
President Joe Biden's approval rating is deep underwater on what Americans rated as their top two issues in an Economist/YouGov poll.
The post Poll: Biden Deep Underwater on Top Issues of Inflation, Immigration appeared first on Breitbart.
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 post Controversial ‘Hate Speech’ Provisions Sneak into Kids Online Safety Act appeared first on Breitbart.
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.
The post FTC Bans Noncompete Agreements for Employers, Chamber of Commerce Sues to Block It appeared first on Breitbart.
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.
The post Lawsuit: Amazon AI Exec Was Pressured to Ignore Copyright Violations appeared first on Breitbart.
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.
The post Department of Bad Ideas: Flamethrowing Robot Dog Can Torch Anything in Its Path appeared first on Breitbart.
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.
The post Joe Biden Signs Bill Potentially Banning TikTok, Bundled with Ukraine-Israel Aid appeared first on Breitbart.
Tesla shares jumped almost 12 percent in pre-market trading on Wednesday after CEO Elon Musk announced that the company aims to start production of affordable electric vehicle models by early 2025, or possibly even late this year. The bounce comes despite dismal earnings, including net income that dropped 55 percent in the first quarter.
The post Tesla Stock Surges Despite Dismal Quarter as Elon Musk Promises Affordable EVs by 2025 appeared first on Breitbart.
Sen. Sherrod Brown (D-OH), who is up for reelection against Trump-backed Republican businessman Bernie Moreno, was silent on Capitol Hill Tuesday when asked if he thinks gas-powered cars "should be banned."
The post Ohio Democrat Sherrod Brown Refuses to Answer Whether ‘Gas Cars Should Be Banned’ or Not appeared first on Breitbart.
The big driver of General Motors' great earnings report has been the Detroit automaker's decision to focus on selling the gas-powered vehicles their customers want to drive instead of the electric vehicles the Green New Deal activists think they should be driving.
The post Breitbart Business Digest: The Gas-Guzzling Secret of GM’s Success appeared first on Breitbart.
Sanctuary states are planning to dish out billions in American taxpayer dollars to migrants in 2024, offering housing, food, and health care.
The post Migrants Secure Billions of Dollars in Taxpayer Funding for Housing, Food, Health Care Across Sanctuary States appeared first on Breitbart.
Money printer go brrrrrrrrrrrrrrr
The post Bidenflation Warning: Money Supply Surges To Highest Level In Over A Year appeared first on Breitbart.
Google has fired more than 50 employees in the past week for participating in protests against the company's cloud computing deal with the Israeli government, according to activist group No Tech for Apartheid.
The post Google Fires 50+ Employees for Protesting Israeli Government Contract appeared first on Breitbart.
UnitedHealth Group, one of the largest health insurance providers in the United States, recently disclosed that a ransomware attack on its subsidiary, Change Healthcare, has led to a significant theft of private healthcare data belonging to a "substantial proportion of people in America."
The post UnitedHealth Confirms Massive Ransomware Hack Affects ‘Substantial Proportion’ of Americans appeared first on Breitbart.
Santa Monica approved construction for a $1M per unit apartment building for the homeless after an audit found the state lost $24 billion.
The post Santa Monica to Construct $1M Per Unit Apartment Building for Homeless appeared first on Breitbart.
A new phenomenon known as "serial churners" spells trouble for streaming services wherein people subscribe only temporarily.
The post ‘Serial Churners’ Emerge as Latest Hollywood Streaming Profit Nightmare appeared first on Breitbart.
Almost 38 percent of renters in the United States do not believe they will ever be able to call themselves homeowners, per a survey.
The post Survey: Nearly 38 Percent of U.S. Renters Do Not Believe They Will Ever Be Homeowners appeared first on Breitbart.
Hollywood has insulted, demeaned, attacked, condescended to, and alienated half the country, all while attempting to “queer” and groom our kids.
The post Nolte: Lousy Movies Drive Box Office Down 21 Percent over Last Year appeared first on Breitbart.
Residents of Gov. Gavin Newsom's (D) California may soon be slapped with a fixed electricity charge in the state's push toward green energy.
The post California May Hit Residents with Fixed Utility Rates in Push for ‘Clean Energy’ appeared first on Breitbart.
Argentine President Javier Milei announced that Argentina registered a 0.2 percent surplus of its GDP for the first time since 2008.
The post Javier Milei Announces First GDP Surplus for Argentina Since 2008 appeared first on Breitbart.
People hoping to find work assembling offshore wind turbine engines and blades at the Port of Coeymans in New York are out of luck.
The post Hundreds of Local Jobs Vanish as New York Offshore Wind Projects Canceled appeared first on Breitbart.
A historic vote to unionize among auto workers at Volkswagen's Chattanooga, Tennessee, plant will open new doors for the United Auto Workers.
The post Red State Road Map: Volkswagen Workers’ Vote to Unionize in Tennessee Opens Doors for UAW in the South appeared first on Breitbart.
I am so old, I can remember when “public servants” used to earn less money than they could have expected in the private sector. But those days are long gone. Now, government employees have the rest of us by the throat. Our tax dollars are enriching them, on the average, far beyond what they could earn anywhere else.
This is from Stephen Moore’s Committee to Unleash Prosperity:
The average cost for a government employee in December was $60 per hour, or 40.5% more than his or her private sector counterpart.
Benefits to government employees cost 80.3% more.
This chart shows the numbers:
I would think that if we looked at federal employees, the discrepancy would be even greater. And government employees pretty much can’t be fired, either, so they have these sweet gigs forever.
One interpretation of these numbers is that the rest of us are just serfs on the government’s plantation.
DEI (racial and other quotas) is intrinsically evil. At The Hill, Matt Cole and Chris Nicholson reveal a shocking, practical downside to DEI hysteria: “DEI killed the CHIPS Act.”
The issue is critical because Taiwan now produces 90% of the world’s advanced microchips, and China has indicated its intention to annex Taiwan in the near future. So the CHIPS Act sought to incentivize chip production in the U.S. Unfortunately, that isn’t what is happening.
Handouts abound. There’s plenty for the left—requirements that chipmakers submit detailed plans to educate, employ, and train lots of women and people of color, as well as “justice-involved individuals,” more commonly known as ex-cons. There’s plenty for the right—veterans and members of rural communities find their way into the typical DEI definition of minorities. …
***
Because equity is so critical, the makers of humanity’s most complex technology must rely on local labor and apprentices from all those underrepresented groups, as [the Taiwan Semiconductor Manufacturing Company] discovered to its dismay.Tired of delays at its first fab, the company flew in 500 employees from Taiwan. This angered local workers, since the implication was that they weren’t skilled enough. With CHIPS grants at risk, TSMC caved in December, agreeing to rely on those workers and invest more in training them. A month later, it postponed its second Arizona fab.
Now TSMC has revealed plans to build a second fab in Japan. Its first, which broke ground in 2021, is about to begin production. TSMC has learned that when the Japanese promise money, they actually give it, and they allow it to use competent workers. TSMC is also sampling Germany’s chip subsidies, as is Intel.
It isn’t only TSMC that is being stymied by DEI:
Intel is also building fabs in Poland and Israel, which means it would rather risk Russian aggression and Hamas rockets over dealing with America’s DEI regime. Samsung is pivoting toward making its South Korean homeland the semiconductor superpower after Taiwan falls.
In short, the world’s best chipmakers are tired of being pawns in the CHIPS Act’s political games. They’ve quietly given up on America. …
[C]hipmakers have to make sure they hire plenty of female construction workers, even though less than 10 percent of U.S. construction workers are women. They also have to ensure childcare for the female construction workers and engineers who don’t exist yet. They have to remove degree requirements and set “diverse hiring slate policies,” which sounds like code for quotas. They must create plans to do all this with “close and ongoing coordination with on-the-ground stakeholders.”
No wonder Intel politely postponed its Columbus fab and started planning one in Ireland.
Access to microchips is a national security issue, as well as being fundamental to a modern economy. And yet Congressional majorities care more about DEI shibboleths and feeding pork to their constituencies than about American security and prosperity. Of course, that isn’t really an irony. The whole point of DEI is hating America, and if it imperils our security and our prosperity, so much the better.
Earlier today, I posted the official GOP response to Joe Biden’s SOTU hate-fest, by Senator Katie Britt. Britt’s speech was an impressive performance in its own way; if I were a Democrat, I think she would scare me.
But for us data guys, Stephen Moore’s Unleash Prosperity Hotline has the numbers:
A lot of tall tales and a few outright fabrications in the Biden speech last night – and far too many to enumerate here. But we will revisit three here.
“My administration cut the deficit by $1.7 trillion.”
This isn’t just a little bit false, it’s an extraordinary and audacious misstatement of fact. The baseline deficit over 10 years, as measured when Biden came into office versus the latest forecast, shows nearly $6 trillion added to the debt since Biden arrived on the scene.
So how does a $6 trillion addition of red ink possibly equate to a $1.7 trillion reduction in the deficit. Someone didn’t pass his basic math exam in high school.
“We will make the rich pay their fair share.”
The top 1% of American tax filers now pay an all-time record high 46% of taxes. This is according to Biden’s own IRS. Does he think the rich should pay ALL the taxes?
That is actually a good question. I think that for many Democrats, the answer may be Yes. But within reason, experience shows that lower rates mean higher collections, especially from high earners.
“I inherited an economy [from Trump] that was on the brink…”
Actually, the economy grew by – ready for this? 33% in the third quarter of 2020 and 4.1% in the 4th quarter of 2020. The economy was in a full-scale COVID recovery when Biden came into office.
Oh, and Inflation was 1.4%.
Gas prices were $2.39 per gallon.
If you think of it as a relay race, Trump handed the baton to Biden in first place, with a rapidly growing lead. But Biden tripped over his own feet–both literally and figuratively–and turned the strong position that he inherited (and not only economically) into a fiasco. That I why I don’t see how he can be re-elected, despite Trump’s manifest flaws.
If you don’t get the Unleash Prosperity Hotline, you should. You can sign up for its frequent and always informative emails here.
Brian Deese is “an MIT Innovation Fellow, focusing on the impact of economic policies that strengthen the United States’ industrial capacity and on accelerating climate investment and innovation.” Before that, Deese assisted Joe Biden as Director of the National Economic Council. Asked in 2022 how American families could cope with surging gasoline prices, the NEC boss said, “this is about the future of the liberal world order, and we have to stand firm.” As Sir Bedevere(Terry Jones) might say, who is this who is so wise in the ways of economics?
Deese is the son of Boston College political science professor David Deese, who “researches the international and comparative politics of energy and climate policies worldwide.” Brian’s mother, Patricia Stanton, served as deputy commissioner at the Massachusetts Department of Energy Resources and assistant commissioner of waste prevention at the state Department of Environmental Protection.
At Middlebury College Deese earned an undergraduate degree in international politics and economics. He got into Yale Law School but left a few credits short of graduation to work for Hillary Clinton’s presidential campaign. Composite character president Obama tapped him to help out with climate change.
In a 2016 interview with Rolling Stone, Obama touted the “amazing” Brian Deese, who “engineered the Paris Agreement, the Aviation Agreement,” and “may have helped save the planet.” The auto industry was also in trouble.
“The wunderkind in charge of saving our auto industry is a 31-year-old with about as much experience as a summer intern,” noted Glenn Beck. “Despite having no formal business education, no business experience and no auto industry experience, 31-year-old Brian Deese is now in charge of dismantling General Motors.” David Sanger of the New York Times also weighed in with, “Meet the 31-Year Old in Charge of Dismantling GM.”
In 2017, Deese became a senior fellow at the Harvard Kennedy School. From there it was on to BlackRock, where Deese headed the sustainable investing division, advising clients on meeting environmental, social and governance (ESG) criteria. Deese was reportedly bagging some $2.8 million a year, and building a net worth of $4 million.
In June of 2021, the amazing Deese outline his vision for a “new industrial strategy,” an “activist government,” approach including “targeted public investment, public procurement, climate resilience and equity.” As Deese contends, “markets on their own will not make investments in technologies and in infrastructure that benefit an entire industry.”
And so on, in what Olson Johnson of Blazing Saddles might call “authentic statist gibberish.” Or, in the style of Monty Python, the wealthy MIT Innovation Fellow could qualify for “upper class twit of the year.”
Jeffrey Anderson presents a comparative analysis of presidents and inflation. The mainstream press to the contrary notwithstanding, he explains what Biden has done to make us feel so black and blue. It’s not our imagination. It’s the inflation, stupid! See his City Journal column “No great mystery.” Anderson manages to review the data and perform the analysis with a sense of humor.
The daycare minders at the White House have persuaded Biden to single out “shrinkflation” as the villain. However, “shrinkflation” reflects “inflation.” It is a manifestation of rising prices. Sentient observers understand that Biden economic policies have triggered the inflation that we have suffered, just as they understand that Biden’s senescence has slowed the windmills of his mind. Biden trusts we won’t notice he indicts himself when he decries “shrinkflation.”
Biden’s daycare minders take us for fools. Thus the administration’s critique of Republicans for causing the invasion of illegals that Biden invited, facilitated, and denied. They think we are stupid.
We hear that Biden threatens to point the finger at alleged corporate wrongdoing as the source of our pain in tonight’s State of the Union address. For some reason or other this wave of alleged wrongdoing has run riot under the regime of…Joe Biden. It was somehow held in check under the regime of…Donald Trump. James Bovard seeks to immunize us against the foolishness of the Biden party line in his New York Post column “Joe Biden’s State of the Union ‘shrinkflation’ swindle.”
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