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Tom Emmer said that pro-crypto lawmakers are beating the "dinosaurs" and "kleptomaniac bureaucrats" like SEC Chairman Gary Gensler.
The post Exclusive — Whip Tom Emmer: Pro-Crypto Lawmakers Beating Anti-Crypto ‘Dinosaurs,’ ‘Kleptomaniac Bureaucrats Like Gary Gensler’ appeared first on Breitbart.
After posting a devastating $77 million loss in 2023, the disgraced and doomed Washington Post is about to turn to artificial intelligence.
The post Nolte: Desperate Washington Post Turns to AI After Brutal $77 Million Loss appeared first on Breitbart.
WASHINGTON — The Justice Department filed a sweeping antitrust lawsuit against Ticketmaster and parent company Live Nation Entertainment on Thursday, accusing them of running an illegal monopoly over live events in America — squelching competition and driving up prices for fans.
The post DOJ Calls for Breakup of Ticketmaster Owner, Calling Live Nation a Monopoly in Antitrust Suit appeared first on Breitbart.
Businesses stay optimistic as inflation stubbornly persists and Fed keeps rates high.
The post U.S. Economy Picks Up Speed, Defying Fed Attempts To Cool Inflation and Growth appeared first on Breitbart.
High interest rates and home prices are putting homeownership out of reach for many Americans, especially younger Americans.
The post High Mortgage Rates Weigh Down New Home Sales in April appeared first on Breitbart.
Low levels of jobless claims indicate that the labor market is still providing fuel to economic growth.
The post Jobless Claims Unexpectedly Drop to 215,000 appeared first on Breitbart.
Elon Musk has issued an ultimatum to Tesla shareholders, demanding 25 percent control of the company in exchange for the continued development of AI and robotics products. Musk currently owns 13 percent of the struggling EV company.
The post Elon Musk’s Ultimatum: 25% Control or No AI and Robotics at Tesla appeared first on Breitbart.
Former President Donald Trump continues to dominate in the majority of 2024 swing states while remaining tied in Wisconsin, Cook Report/BSG/GS Strategy Group polling confirmed Thursday.
The post Cook Report Poll: Trump Dominates in Key Swing States, Remains Tied in Wisconsin appeared first on Breitbart.
The conservative movement is beginning to overcome the left's culture war in corporate boardrooms, polling suggests.
The post Poll: Right-Leaning Brands Gain in Reputation as Left-Leaning Ones Drop appeared first on Breitbart.
OpenAI, the company behind the popular ChatGPT AI chatbot, has announced a partnership with media giant News Corp. to improve its AI chatbots.
The post ChatGPT Developer OpenAI Partners with News Corp. to ‘Enhance’ AI Products appeared first on Breitbart.
MSNBC host Stephanie Ruhle responded to accusations from Republicans that President Joe Biden is trying to buy votes with his student loan plans.
The post NBC’s Ruhle: Biden Is Buying Votes with Loan Plan, But GOP Does That by Letting People Keep More of Their Own Money appeared first on Breitbart.
There’s a palpable tension in the air as Wall Street is confronted with the once unthinkable: interest rates may not be at their peak.
The post Breitbart Business Digest: What Goes Up—Might Just Keep Going Up appeared first on Breitbart.
The April-May minutes have a much more hawkish tone than the summary of the previous meeting.
The post Fed Minutes Show Officials Willing To Hike If Needed appeared first on Breitbart.
Fifty-six percent of Americans believe President Joe Biden's economy is in recession and a majority blame the president, a poll found.
The post Guardian Poll: Majority Say U.S. Is in Recession, Blame Biden appeared first on Breitbart.
Sales fell for the fourth consecutive quarter as the company still struggles to recover costumer trust following its disastrous embrace of woke-ideology.
The post Target Struggles as Inflation Squeezes Shoppers’ Wallets appeared first on Breitbart.
Sixty percent of the public are skeptical of media reports depicting the economy as doing well.
The post Most Americans Say We’re In A Recession—And Blame Biden appeared first on Breitbart.
In the wake of a damning report from the US Cyber Safety Review Board (CSRB), Google is seizing the opportunity to challenge Microsoft’s dominance in the enterprise security market by offering its services to government institutions.
The post Google Targets Microsoft’s Enterprise Security Weaknesses, Pitches Its Services to Governments appeared first on Breitbart.
Fast food is no longer healthy for your wallet. Common fast food favorites increased in price under Joe Biden's so-called Bidenomics.
The post Bidenomics: Fast Food Costs Soar — McChicken up 199%, Frosty up 111%, Taco Bell Burrito up 132% appeared first on Breitbart.
In an attempt to prevent its advertising monopoly case from being heard by a jury, Google has reportedly offered to pay the U.S. Department of Justice a sum covering the full monetary damages sought by the government agency.
The post Masters of the Universe: Google Tries to Weasel Its Way Out of Trial in Ad Monopoly Case with Payoff appeared first on Breitbart.
As digital publishers grapple with declining traffic and revenue due to Facebook's algorithm changes and Google's haphazard experiments with AI in search, Apple News+ has become an unexpected source of income, offering a substantial stream of direct revenue and increased audience reach.
The post Publishers Turn to Apple News for Revenue as Facebook and Google Cast Industry Aside appeared first on Breitbart.
Prices hit a record high for April, putting homes out of reach for many would-be buyers.
The post Existing Home Sales Fall Amid Skyrocketing Prices and High Mortgage Rates appeared first on Breitbart.
During an interview with Sky News host and NBC Contributor Wilfred Frost on Tuesday, Treasury Secretary Janet Yellen stated that inflation has declined from where it was and she believes “it will stabilize in the next year or so.” In response
The post Yellen: Inflation Has Fallen, I Think ‘It Will Stabilize in the Next Year or So’ appeared first on Breitbart.
If Donald Trump’s social media venture is going to vindicate the faith of investors who have given it a six billion dollar market value, it must learn a critical lesson from the tech titans of the past: substantial early losses can be a harbinger of long-term success.
The post Breitbart Business Digest: Trump Media Should Lose More Money appeared first on Breitbart.
The Michigan community of Green Charter Township on Friday lost a court battle to block Chinese-linked electric vehicle (EV) battery manufacturer Gotion Inc. from building a factory near the town.
The post Michigan Town Loses Bid to Block Chinese-Owned Electric Vehicle Battery Factory appeared first on Breitbart.
Only 39 percent of voters say they are better off today than they were four years ago, according to a poll from Rasmussen Reports.
The post Nolte: Biden Flunks ‘Are You Better Off Now Than 4 Years Ago’ Test appeared first on Breitbart.
Former President Donald Trump ripped President Joe Biden's release of gas reserves on Tuesday and predicted that gas prices would soar to $10 dollars a gallon if Biden is reelected.
The post Donald Trump Rips Biden’s Release of Gas Reserves: ‘He’s Unable to Drill Properly’ appeared first on Breitbart.
Biden lambasts "corporate greed" while courting corporate leaders behind closed doors, CNBC reports.
The post Biden’s Double Game: Cozying Up to Corporate America While Talking Populist appeared first on Breitbart.
President Joe Biden’s war on American energy has caused costs to soar, former President Donald Trump told reporters Tuesday.
The post Donald Trump: Bidenflation Result of Biden’s War on American Energy appeared first on Breitbart.
Progress on inflation has been very slight, so any rate cuts will have to wait until the Fed has several more months of data on inflation, Waller said.
The post Fed’s Waller Says Rate Cuts Will Have To Wait Until ‘Several More Months’ Of Good Inflation Data appeared first on Breitbart.
Despite facing major setbacks with its first human brain-chip implant, Neuralink, the brain-computer interface company owned by Elon Musk, is pushing forward with plans for a second patient.
The post Elon Musk’s Neuralink to Implant Second Brain Chip as First Patient Deals with Failing Device appeared first on Breitbart.
Breitbart News economics editor John Carney said Tuesday on Fox Business Network's "Kudlow" that it was incorrect for President Joe Biden to blame corporate greed for inflation.
The post Carney on Kudlow: ‘They Can’t Say It with a Straight Face’ — Biden Blames Corporate Greed for Inflation But It’s Just Not True appeared first on Breitbart.
Microsoft has announced a new line of AI-enhanced Windows PCs, aiming to revolutionize the way users interact with their devices by integrating the Copilot AI assistant into the Windows operating system. The creepy system will take constant screenshots of your activity to track your every move.
The post Microsoft Unveils Creepy AI-Powered Windows that Tracks Everything You Do appeared first on Breitbart.
A group of Tesla shareholders is calling on fellow investors to vote against CEO Elon Musk’s $56 billion pay package, citing concerns over his distracting commitments to other companies and the automaker’s underperformance.
The post Tesla Shareholders Urge Investors to Reject Musk’s $56 Billion Pay Package appeared first on Breitbart.
An investigation from the Senate Finance Committee reveals that a few European-based automakers imported either cars or auto parts made using Chinese slave labor to the United States.
The post Senate Investigation: BMW, Jaguar, Volkswagen Imported Cars and Parts to U.S. Made with Chinese Slave Labor appeared first on Breitbart.
Republicans said that the Biden administration is putting politics over protecting workers at the Federal Deposit Insurance Corporation.
The post Republicans: Democrats Putting Politics over Protecting FDIC Workers appeared first on Breitbart.
Congress is pushing forward with a data regulation bill that would trap Americans in a hidden tangle of quotas inside private software, says Stewart Baker, an influential lawyer in Washington, DC.
The post Bipartisan Bill Injects Progressive Quotas into Everyday Software appeared first on Breitbart.
Elon Musk's Tesla is continuing to lay off employees as the company has slashed an additional 600 jobs across its California facilities, affecting a wide range of positions from factory workers to engineers.
The post Elon’s Bloodbath Continues: Tesla Cuts 600+ More Jobs in California appeared first on Breitbart.
You can add the collapse of the U.S. consumer to the list of things that nearly everyone has been expecting but shows no signs of actually occurring.
The post Breitbart Business Digest: We’re Still in a No Landing Economy appeared first on Breitbart.
Geoffrey Hinton, a tech pioneer nicked the "Godfather of AI," has urged governments to implement a universal basic income (UBI) to mitigate the devastating impact of AI on jobs.
The post ‘Godfather of AI’ Calls for Universal Basic Income to Counter Job Losses appeared first on Breitbart.
Google, Mark Zuckerberg's Meta, and other tech giants are engaged in a fierce lobbying battle against two New York bills aimed at protecting children online, with spending expected to surpass $1 million.
The post They Want Your Kids: Google, Meta Lead Massive Tech Lobbying Against New York’s Child Online Safety Bills appeared first on Breitbart.
Restaurant chain Red Lobster said Sunday it has filed for Chapter 11 bankruptcy, the news coming after an all-you-can-eat offering reportedly caused financial trouble.
The post Red Lobster Files for Bankruptcy amid Plans to Close 100 U.S. Locations appeared first on Breitbart.
Drivers are apparently choosing to drive gas powered vehicles over electric ones amid President Joe Biden's (D) push for Americans to go green on the road.
The post Report: Pricey Electric Cars Driven 20 Percent Less Than Gas-Powered Vehicles appeared first on Breitbart.
Washington, DC, Mayor Muriel Bowser (D) is heading to Las Vegas for an "economic mission" after enjoying the Masters golf tournament in Georgia on the taxpayer's dime.
The post D.C.’s Democrat Mayor Heading to Las Vegas on ‘Economic Mission’ appeared first on Breitbart.
Shares of the video game retailer GameStop and theater chain AMC dropped late in the week as the meme stock campaign sparked by the return of "Roaring Kitty" fizzled out.
The post GameStop, AMC Shares Drop as Meme Stock Campaign Fizzles Out appeared first on Breitbart.
Disneyland performers who help bring Mickey Mouse, Cinderella, and other beloved characters to life at the Southern California resort chose to unionize following a three-day vote culminating on Saturday.
The post Disneyland Costumed Performers Vote to Join Labor Union appeared first on Breitbart.
Americans are not only suffering from "Bidenflation" but "tipflation" as well, an April survey from Talker Research found.
The post Survey Shows ‘Tipflation’ Affecting Americans’ Wallets appeared first on Breitbart.
On Friday’s broadcast of Bloomberg’s “Surveillance,” Bloomberg columnist, economist, President of Queens’ College, Allianz Chief Economic Adviser, and former Obama Global Development Council Chair Dr. Mohamed El-Erian stated that the “sustainable energy” transition has helped create “a world that’s subject
The post Fmr. Obama Econ. Adviser El-Erian: Green Energy Transition Helped Create Higher Inflation Environment appeared first on Breitbart.
On Friday’s “CNN Newsroom,” Moody’s Analytics Chief Economist Mark Zandi stated that people in the top third of the income distribution are doing quite well, but those in the middle are “okay” and the bottom third face “very, very difficult,
The post Moody’s Chief Economist: Only Top Third of Income Distribution Doing Well, Rest Are Just ‘Okay’ or in Trouble appeared first on Breitbart.
On Friday’s broadcast of the Fox News Channel’s “America Reports,” economist, President of Queens’ College, Allianz Chief Economic Adviser, and former Obama Global Development Council Chair Dr. Mohamed El-Erian said that it will be “very hard” to get inflation from
The post Fmr. Obama Econ. Adviser El-Erian: Regulation, Spending Helped Create Inflationary Environment appeared first on Breitbart.
At least six establishment media outlets fact checked President Joe Biden's repeated false claim that inflation was nine percent when he "came into office."
The post Multiple Establishment Media Outlets Fact Check Biden’s Repeated False Inflation Claim appeared first on Breitbart.
A federal judge has ruled that Elon Musk's Tesla must face a lawsuit alleging that the company committed fraud by misrepresenting the self-driving capabilities of its vehicles.
The post Lawsuit: Elon Musk’s Tesla Committed Fraud by Misrepresenting Self-Driving Capabilities appeared first on Breitbart.
Apple is offering a settlement of up to $349 to United States residents who experienced audio problems with their iPhone 7 or 7 Plus between September 16, 2016, and January 3, 2023.
The post Check if You Are Eligible to Receive Payment as Part of Apple’s $35 Million iPhone Settlement appeared first on Breitbart.
While speaking at the Minnesota Republican Party's annual Lincoln Reagan Dinner on Friday evening, former President Donald Trump blasted Bidenomics, rising inflation, and the high cost of groceries.
The post Trump: Biden ‘Has Made It Impossible’ for Americans to Buy Cars, Homes appeared first on Breitbart.
The United Arab Emirates (UAE) purchased 18 acres of land along the Potomac River in northern Virginia for $55 million with the intention of building a compound.
The post UAE Purchases Land in Virginia for $55 Million to Build Future Compound appeared first on Breitbart.
On Friday’s broadcast of the Fox News Channel’s “America Reports,” economist, President of Queens’ College, Allianz Chief Economic Adviser, and former Obama Global Development Council Chair Dr. Mohamed El-Erian stated that while President Joe Biden’s economic policies have worked in
The post Fmr. Obama Econ. Adviser El-Erian: Biden’s Policies Haven’t Given Security to Average American appeared first on Breitbart.
The Job Creators Network's (JCN) latest Times Square billboard calls out President Joe Biden and his administration's false and misleading statements about inflation being nine percent when he took office.
The post Job Creators Network Hammers Biden’s Bogus Inflation Numbers With Massive Times Square Billboard appeared first on Breitbart.
American progressives are in a state of high dudgeon, gnashing their teeth at the realization that the American people favor Donald Trump's economy over Joe Biden's.
The post Breitbart Business Digest: The Real Reason Americans Prefer Trump’s Economy to Biden’s appeared first on Breitbart.
Reddit, the self-proclaimed “front page of the internet,” has officially confirmed a $60 million deal with OpenAI, granting the ChatGPT creator access to its vast trove of notoriously left-wing user-generated content for training purposes.
The post Reddit Confirms $60 Million Deal with OpenAI to Train AI with Leftist Forum Posts appeared first on Breitbart.
The EU has initiated a formal investigation into Meta’s social media platforms, Facebook and Instagram, due to concerns over the company's handling of child protection issues, the Commission announced on Thursday.
The post EU Launches Formal Investigation into Facebook and Instagram over Addictive Design Aimed at Children appeared first on Breitbart.
A Boeing plane made an emergency landing in Indonesia due to an engine fire as the company grapples with controversy over safety issues.
The post VIDEO: Boeing Plane Makes Emergency Landing in Indonesia Due to Engine Fire appeared first on Breitbart.
Elon Musk, the founder of SpaceX and CEO of Tesla, has made a bold prediction about the future of human habitation on Mars, predicting a city on the red planet within 30 years.
The post Hyper Hype: Elon Musk Predicts Human City on Mars Within 30 Years appeared first on Breitbart.
A former diversity manager at Facebook and Nike has been sentenced to five years and three months in prison for stealing over $5 million from the companies, which was intended for diversity, equity, and inclusion (DEI) initiatives.
The post Former Facebook Diversity Manager Sentenced to Prison for $5 Million DEI Scam appeared first on Breitbart.
While the leading indicators no longer point to a looming recession, the COnference Board says growth is likely to slow to a one percent pace in the second half of this year.
The post Leading Index For U.S. Economy Sinks Again, Indicating Sluggish Growth Ahead appeared first on Breitbart.
The Democrat-dominated California state legislature has once again rejected a proposal to create a single-payer health care system -- socialized medicine, or so-called "Medicare for All" -- due to the high cost amid budget deficits.
The post California Legislature Rejects ‘Medicare for All’ — Again — Over Costs, Deficit appeared first on Breitbart.
Walmart is reporting an increase in sales as shoppers have reportedly been buying more groceries due to rising fast food prices.
The post Report: Walmart Sees Increase in Sales as Shoppers Buy More Groceries over Rising Fast Food Prices appeared first on Breitbart.
During an interview with Bloomberg on Thursday, JPMorgan CEO Jamie Dimon stated that he sees “a lot of inflationary forces in front of us” including “the green economy, the remilitarization of the world, the infrastructure requirements, the restructuring of trade,
The post Dimon: ‘Green Economy’ Is Inflationary appeared first on Breitbart.
As President Joe Biden announces new United States tariffs on several Chinese products, including Electric Vehicles (EVs), China-based corporations may evade those tariffs by rerouting production through other countries.
The post China May Attempt to Evade U.S. Tariffs by Routing Production through Mexico appeared first on Breitbart.
Jerome Powell might want to look away from the stock market. It's making a mockery of the idea that financial conditions are sufficiently restrictive.
The post Breitbart Business Digest: Dow 40,000 appeared first on Breitbart.
Former President Donald Trump has a narrow advantage over President Joe Biden nationally in both a hypothetical two-way race and in a deeper field, according to a Fox News poll.
The post Poll: Trump Has Slight Edge on Biden Nationally, as Voters Trust 45th President More on Immigration, Economy appeared first on Breitbart.
Taxpayers are turning on the public funding of National Public Radio (NPR), according to the latest DailyMail.com/TIPP survey.
The post Poll: Taxpayers Turning on Funding NPR appeared first on Breitbart.
On Thursday, the company reported earnings that fell short of Wall Street's expectations and Kevin Plank, the company's co-founder who returned to run the company in March, warned that reviving the sportswear brand will take time.
The post Under Armour CEO Plank Warns Of Plunging Sales and Layoffs Ahead appeared first on Breitbart.
Democrats in Colorado are using tax dollars to fund free legal assistance for migrants to double the number of asylum seekers settling there.
The post Colorado Uses Tax Dollars to Fund Free Legal Services to Double Immigrant Asylum Grants appeared first on Breitbart.
My hope is that Bob Iger sincerely believes Disney’s descent into pure evil has nothing to do with this $4 billion loss. I don’t want Disney to right its ship. I want Disney to die.
The post Nolte: Descent Into Evil Cost Disney+ $4 Billion as Stock Continues to Sink appeared first on Breitbart.
Comedian Jon Stewart targeted Rep. Nancy Pelosi (D-CA) for mockery on a recent episode of Comedy Central's "The Daily Show," saying Pelosi and other members of Congress "have inside information" that they blatantly use for personal financial gain.
The post Jon Stewart Mocks Nancy Pelosi’s Stock Market Acumen: ‘Legal Corruption’ Is ‘So F**king Lucrative’ appeared first on Breitbart.
China’s state-run Global Times on Wednesday dismissed tariffs that the Biden administration threatened as a “farce."
The post China Dismisses Joe Biden’s Proposed Tariffs as a ‘Farce’ appeared first on Breitbart.
More believe the economy will "get better" if former President Donald Trump is elected in November, and more believe it will get "worse" if President Joe Biden wins a second term, a recent survey from the Economist/YouGov found.
The post Poll: More Say Economy Will ‘Get Better’ if Trump Elected, ‘Worse’ if Biden Reelected appeared first on Breitbart.
On Wednesday’s broadcast of CNBC’s “Squawk Box,” Sen. Mark Warner (D-VA) responded to President Joe Biden’s prior criticism of the Trump China tariffs by stating that China doesn’t follow market rules and saying that “I’m sure I probably took a
The post Dem Sen. Warner: Biden and I Did Bash Trump’s Tariffs, But China Doesn’t Play Fair appeared first on Breitbart.
The White House says that you shouldn't take Joe Biden literally when he says inflation was nine percent when he took office—and tries to dodge responsibility for the price surge that has plagued his presidency.
The post Fact Check: White House Tries to Justify Biden’s Lies on Inflation appeared first on Breitbart.
One month's worth of data does not make a trend—unless it fits the consensus narrative that the Fed is going to cut interest rates a few times this year.
The post Breitbart Business Digest: Fed Is Still Not Cutting in September appeared first on Breitbart.
The National Institute of Statistics and Census of Argentina (INDEC) announced on Tuesday that inflation in Argentina continued its downward trend in April, reaching an 8.8 percent rate that month and dropping to a single digit for the first time in six months.
The post Argentina: Inflation Drops to 8.8%, Reaching Single Digits for First Time in 6 Months appeared first on Breitbart.
Billionaire businessman and real estate mogul Frank McCourt announced Tuesday that his Project Liberty organization is building a consortium to buy TikTok's U.S. business.
The post Former LA Dodgers Owner Frank McCourt Claims He Wants to Buy TikTok appeared first on Breitbart.
Google's Waymo self-driving vehicles may be causing big problems on the roads including accidents into stationary objects and ignoring traffic signals, according to the U.S. National Highway Traffic Safety Administration (NHTSA).
The post NHTSA Launches Investigation of Google’s Waymo over Self-Driving Cars Causing Accidents appeared first on Breitbart.
Ilya Sutskever, the co-founder and former chief scientist of OpenAI, has decided to leave the ChatGPT dedveloper after a tumultuous period marked by internal disputes and high-level management changes.
The post OpenAI Co-Founder Ilya Sutskever Leaves Company Amidst Internal Strife appeared first on Breitbart.
Breitbart economics editor John Carney said Wednesday on Fox Business Network's "Kudlow" that President Joe Biden was implementing tariffs incorrectly.
The post Carney on Kudlow: Biden Is Doing Tariffs Wrong appeared first on Breitbart.
Home builder sentiment unexpectedly turned negative in May as high rates and new regulations hit the sector.
The post Lack of Progress on Inflation Pushes Homebuilder Sentiment Back Into Negative Territory appeared first on Breitbart.
On Tuesday’s broadcast of CNBC’s “Squawk Box,” U.S. Trade Representative Amb. Katherine Tai stated that “with respect to clean energy technology, we have seen that the market operating on its own cannot provide the boost, the turbocharge that’s required to
The post U.S. Trade Rep.: Green Energy Can’t Rely on Market, It Won’t ‘Provide the Boost’ We Need appeared first on Breitbart.
The governments of India and Iran announced a decade-long agreement on Tuesday that would give India control and allow it to develop the port of Chabahar, a stop on the Gulf of Oman that offers India a favorable route to the Persian Gulf.
The post India Cuts Major Port Deal with Iran, Daring Biden to Sanction It appeared first on Breitbart.
Families racked up credit card debt and went into delinquencies at an increased rate since the pandemic, the New York Fed found Tuesday.
The post New York Fed: Credit Card Delinquency Spikes as Costs Soar Under Joe Biden appeared first on Breitbart.
The historically high inflation under President Joe Biden’s watch is “pushing small business to the brink,” Job Creators Network President Alfredo Ortiz writes in an op-ed at The Hill.
The post Alfredo Ortiz: Biden’s Inflation Is ‘Pushing Small Businesses to the Brink’ appeared first on Breitbart.
Dozens of protesters blocked the entrance to Google’s developer conference on Tuesday, demanding an end to the tech giant's collaboration with the Israeli government amidst the country’s war with Hamas in the Gaza Strip.
The post Pro-Hamas Tech Workers Protest Google’s Contacts with Israel at Developer Conference appeared first on Breitbart.
Economists had forecast a 0.3 percent increase in the month-t0-month figure and a 3.4 percent rise over 12 months.
The post Consumer Prices Up 3.4% Through April, In Line With Estimates appeared first on Breitbart.
California Gov. Gavin Newsom (D) has turned to climate change to explain how the state went from a $100 billion surplus two years ago to a $28 billion deficit, which would have been even higher prior to drastic actions last month.
The post Newsom Says Climate Change Partly to Blame for California Budget Deficit appeared first on Breitbart.
On Tuesday’s broadcast of CNN’s “AC360,” CNN Senior Political Commentator and former Obama adviser David Axelrod stated that while democracy issues are important, “if you’re sitting around the kitchen table talking about democracy and the future of democracy, it’s [probably]
The post Axelrod: Biden Is Self-Congratulating, Not ‘Advocating for People in a Tough Economy Because of the Inflation’ appeared first on Breitbart.
During an interview aired on Tuesday’s broadcast of NPR’s “Morning Edition,” U.S. Trade Representative Amb. Katherine Tai responded to concerns that the Biden administration’s China tariff regime, which includes keeping tariffs from the Trump administration, will be inflationary by stating that
The post U.S. Trade Rep. on Keeping Trump Tariffs: Studies Showed They Weren’t Inflationary appeared first on Breitbart.
Multinational automaker Stellantis is teaming up with Chinese automaker Leapmotor to boost sales of Electric Vehicles (EVs) overseas.
The post Stellantis Joins China Firm to Sell Electric Cars Overseas with Approval from Chinese Communist Party appeared first on Breitbart.
On Tuesday’s “PBS NewsHour,” Treasury Secretary Janet Yellen predicted that President Joe Biden’s tariffs won’t cause any meaningful price increases for typical families and responded to a question on her criticism of the Trump tariffs as “taxes on consumers” by
The post Yellen on Calling Trump Tariffs ‘Taxes on Consumers’: Biden’s Are ‘Targeted’ appeared first on Breitbart.
CLAIM: President Joe Biden claimed during an interview with Yahoo Finance that inflation was nine percent when he took office in January 2021.
The post Fact Check: Joe Biden Claims Inflation Was at 9% When He Took Office, Again appeared first on Breitbart.
Republican senators slammed the Biden administration's announcement Tuesday of increased tariffs on Chinese electric vehicles as being more about President Joe Biden's attempt to bolster his green agenda at the expense of U.S. automakers.
The post Republicans Slam Biden Tariffs on China: ‘Phony Attempt’ to Cover Up ‘Far-Left, Green Agenda’ appeared first on Breitbart.
Seafood restaurant chain Red Lobster has closed one hundred locations around the United States, according to its website.
The post Report: Red Lobster Closes 100 Locations Around U.S. appeared first on Breitbart.
President Joe Biden and congressional Democrats would face steep hurdles if they were to replace FDIC Chairman Martin Gruenberg.
The post Democrats Face Steep Hurdles to Replace FDIC Chairman in Wake of ‘Abusive’ Conduct at Agency appeared first on Breitbart.
The Chinese Communist Party’s (CCP) premier automaker, BYD, is selling a $12,000 Electric Vehicle (EV) that "could be a nightmare" for the United States auto industry without an all-out ban or steeper tariffs on such cars made by Chinese companies.
The post Report: China’s Cheap Electric Vehicles ‘Could Be Nightmare’ for American Auto Workers Without Steep Tariffs appeared first on Breitbart.
Jerome Powell still stubbornly resists the idea that the Fed's next move may be a hike rather than a cut.
The post Breitbart Business Digest: Powell Still Won’t Admit Rate Hikes Might Be Coming appeared first on Breitbart.
The job site Indeed announced it is preparing to lay off approximately 1,000 employees, a move that will affect mostly American workers.
The post Indeed to Lay Off 1,000 Workers, a Move Mostly Affecting U.S. Employees appeared first on Breitbart.
Cruise, the autonomous vehicle company backed by General Motors, has cautiously restarted its testing operations in Phoenix, Arizona, following a pedestrian-dragging incident in San Francisco that raised serious safety concerns.
The post Cruise Resumes Robotaxi Testing in Phoenix After Incident of Dragging Pedestrian Down San Francisco Street appeared first on Breitbart.
President Joe Biden has welcomed millions low-wage migrants to produce more goods and services — and an even bigger wave of children, mothers, and older people who consume goods and services needed by American families.
The post Joe Biden Imports Millions of Non-Working Migrant Consumers appeared first on Breitbart.
Elon Musk's Tesla has begun reinstating some of the nearly 500 employees from its Supercharging team who were laid off in late April, a massive U-turn after Musk was criticized for decimating the company's supercharger plans.
The post Elon’s Chaos: Tesla Reverses Course, Rehires Supercharger Team After Widespread Layoffs appeared first on Breitbart.
Mark Zuckerberg's Meta, Facebook and Instagram's parent company, is diving headfirst into the world of AI-powered wearables with its "Camerabuds" project, combining audio, video, and AI to form the ultimate surveillance capitalism data gathering tool.
The post Zuck’s Surveillance Dream: Meta Working on AI-Powered ‘Camerabuds’ that Gather Audio and Video 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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