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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.
Breitbart Economics Editor John Carney is calling for a national Inflation Day protest this June to demand policy change on the most pressing issue for Americans.
The post Carney on ‘Kudlow’: We Need a National Inflation Day Protest This June appeared first on Breitbart.
Prices for luxury homes in the United States have reached a record high, rising nearly nine percent in the first quarter of 2024, twice as much as the prices of non-luxury homes.
The post Report: Luxury Home Prices Reach Record Highs appeared first on Breitbart.
United States fashion retailer Express Inc. has filed for Chapter 11 bankruptcy protection as it plans to shutter more than 95 stores.
The post Fashion Retailer Express Files for Chapter 11 Bankruptcy Protection, Shutters Nearly 100 Stores appeared first on Breitbart.
In response to the growing issue of boys using AI apps to create and share sexually explicit images of their female classmates, state legislators across the United States are introducing bills to protect minors from this new form of exploitation. Meanwhile, Silicon Valley continues to make billions with the very AI models boys are exploiting.
The post States Rush to Combat AI-Generated Deepfake Nudes Targeting Minors appeared first on Breitbart.
Perhaps if we started an Inflation Day movement, more attention could be drawn to the fact that rising price levels are the results of public policy choices.
The post Breitbart Business Digest: Earth Day Is Over. Let’s Talk About Inflation Day. appeared first on Breitbart.
More and more young people considered "Gen Z" are choosing to skip college and go to a trade school, one reason being the cost of a degree.
The post VIDEO — ‘Toolbelt Generation’: More Young People Skipping College for Trade School appeared first on Breitbart.
The already insane cost of purchasing a home has hit a new high, thanks to the ongoing horror show that is Bidenomics.
The post Nolte: Bidenomics Drives House Prices to Another Record High appeared first on Breitbart.
President Biden signature issues are ranked low among Americans' national concerns.
The post Earth Day: Americans Are Far More Worried About Bidenflation Than Climate Change appeared first on Breitbart.
In a desperate attempt to stimulate sales and prop up a stock price dropping like a rock, Elon Musk's Tesla has reduced the prices of three of its five models in the United States.
The post EV Demand Challenges: Elon Musk’s Tesla Slashes Prices on Most Models appeared first on Breitbart.
The FBI has issued a warning about a new phishing scam that targets Americans using toll roads via SMS text messages. The messages typically claim that the user's toll account is overdrawn with a link to the hacker's site to make a false payment.
The post Consumer Alert: FBI Warns of Text Scam Targeting Toll Road Users Across Multiple States appeared first on Breitbart.
A software bug in Star Casino's ticket redemption machines resulted in the Sydney-based casino inadvertently giving away more than AU$3.2 million ($2.05 million) to gamblers over several weeks.
The post Jackpot! Australian Casino Loses Millions in Mistaken Payouts Due to ‘Software Glitch’ appeared first on Breitbart.
China has reportedly ordered Apple to remove WhatsApp, Signal, and Telegram, among other popular messaging apps, from its iPhone app store in order to comply with the Chinese Communist Party's censorship demand.
The post TikTok’s Real Owners: China Orders Apple to Censor Popular Messaging Apps Including WhatsApp, Telegram appeared first on Breitbart.
Google CEO Sundar Pichai has taken a comical stance against using the ultra woke company's offices for political debates and protests after terminating 28 employees who participated in anti-Israel sit-ins at various Google locations.
The post Ultra Woke Google Claims Company Is Not Place to ‘Debate Politics’ After Firing Anti-Israel Radicals appeared first on Breitbart.
A homeless Los Angeles man has garnered attention for constructing a house, with a front door and electricity, on the side of the freeway.
The post Homeless Los Angeles Man Constructs House on the Side of the Freeway appeared first on Breitbart.
Model Kristen Gaffney says she is leaving California for Tennessee after Los Angeles Mayor Karen Bass asked the wealthy to pay for housing for the homeless in the city.
The post Model Kristen Gaffney Leaving California After L.A. Mayor Asks Rich to Pay for Homeless Housing appeared first on Breitbart.
The country is not moving in the right direction, and the economy is a major a factor. But the legacy media is focused on wall-to-wall coverage of he who is known as “The Bad Orange Man.”
The post Breitbart Business Digest: Trump Trial Isn’t Distracting Americans from the Ravages of Bidenomics appeared first on Breitbart.
Lululemon, a Canadian athletic apparel retailer, revealed that it will be closing its warehouse in Sumner, Washington, by the end of the year, laying off more than 100 employees.
The post Lululemon Warehouse in Washington Set to Close, Laying Off More than 100 Employees appeared first on Breitbart.
The Biden administration has announced restrictions on oil and gas leasing on over 13 million acres of an Alaskan petroleum reserve to conserve land valuable to the "Alaska Native people" and "important fish and wildlife," as Republican lawmakers protest the "illegal" move.
The post Biden Administration Announces Anti-Oil Restrictions on 13 Million Acres of Alaskan Petroleum Land appeared first on Breitbart.
Sen. Eric Schmitt and Senate Republicans demanded answers about a proposed Biden administration ESG rule for government contractors.
The post Exclusive — Sen. Eric Schmitt, Senate Republicans Demand Answers on ESG for Government Contractors Rule appeared first on Breitbart.
Warner Bros. Discovery CEO David Zaslav just got a whole lot richer, receiving a nearly 27 percent pay raise last year while overseeing mass layoffs at the media conglomerate.
The post Warner Bros. Discovery CEO David Zaslav Gets Huge Pay Raise Following Mass Layoffs appeared first on Breitbart.
WASHINGTON, DC –House Democrats bragged on Friday after helping pass Speaker Mike Johnson’s (R-LA) rule opposed by hardline conservatives that unlocks votes on foreign aid bills.
The post Democrats Brag About Passing Johnson’s Foreign Aid Rule appeared first on Breitbart.
Mark Zuckerberg's Meta, the parent company of Facebook and Instagram, has recently introduced its new "Llama 3" AI systems that powers what Zuckerberg calls "the most intelligent AI assistant that you can freely use." As you might suspect, the chatbot comes complete with bizarre and woke answers to questions from early users.
The post Mark Zuckerberg’s Meta Launches Woke Chatbot Full of Bizarre Answers appeared first on Breitbart.
Fast food prices in California jumped during the six-month period before the Democrat-run state mandated a $20 minimum wage for the industry.
The post Study: Democrat-Run California’s Fast Food Prices Jumped Seven Percent Prior to $20 Minimum Wage appeared first on Breitbart.
Elon Musk's Tesla has issued a recall for all 3,878 Cybertrucks shipped to date because of a defect that can cause the accelerator pedal to get stuck, increasing the risk of crashes.
The post Pedal Stuck to the Metal: Tesla Recalls All Cybertrucks Due to Dangerous Faulty Accelerators appeared first on Breitbart.
"Abundant labor coming across the border" is reducing the wages paid to American employees, said Kristalina Georgieva, managing director of the International Monetary Fund.
The post IMF Official: Joe Biden’s Open Border Is Hurting Americans’ Wages appeared first on Breitbart.
On Thursday’s broadcast of the Fox News Channel’s “Your World,” Minneapolis Federal Reserve Bank President Neel Kashkari stated that stimulus spending was “a contributor to the high inflation that we’ve seen.” And “the spending on infrastructure, the spending on new chip
The post Minneapolis Fed Pres: Biden Spending on Chips, Infrastructure ‘Is Inflationary’ and There Are ‘Cross-Purposes’ appeared first on Breitbart.
On Thursday’s broadcast of MSNBC’s “11th Hour,” NBC News Foreign Correspondent Matt Bradley stated that the explosions in Iran “could be a deeply, deeply destabilizing move by the Israelis, and again, not just for the Iranians, but for the entire
The post NBC’s Bradley: Israel May Have Made ‘Deeply Destabilizing Move’ for Iran and Whole Region by Striking Back appeared first on Breitbart.
On Thursday’s broadcast of ABC’s “The View,” Energy Secretary Jennifer Granholm stated that “we’re going to be doing what we can” to address the uptick in gas prices and said that the tools to do so are releasing from the
The post Granholm: We’ll Do ‘What We Can’ on Gas Prices, We Have SPR, Telling Companies to Lower Price as Tools appeared first on Breitbart.
As is so often the case with Bidenomics, even good news is bad news because of the upward inflationary pressure.
The post Breitbart Business Digest: Good News Is Bad News in Biden’s Economy appeared first on Breitbart.
Voting begins on Friday in India’s massive election for the Lok Sabha, the lower house of the national Parliament.
The post India Prepares to Begin World’s Largest Democratic Election appeared first on Breitbart.
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A Whole Foods shopper shared her frustration at reportedly paying $7 for an apple as people across America struggle with inflation.
The post WATCH — ‘Guess How Much’: Whole Foods Shopper Claims Apple Costs $7 Due to Soaring Inflation appeared first on Breitbart.
Performers who help bring Disney's beloved characters to life at its Southern California theme parks filed a petition Wednesday to form a labor union.
The post Disneyland Performers File Petition to Form Labor Union appeared first on Breitbart.
Former TikTok employees say the Chinese app's effort to isolate U.S. user data from China — a hostile foreign country run by a communist regime — is ineffective, calling the initiative "largely cosmetic."
The post Insiders: TikTok Initiative to Isolate U.S. User Data from Chinese Government ‘Largely Cosmetic’ appeared first on Breitbart.
Former President Donald Trump has grown his lead against President Joe Biden nationally, as three in four voters say the cost of living is on the rise, according to an Emerson College poll.
The post Poll: Donald Trump Leads Biden Nationally, as 3 in 4 Say Cost of Living Rising appeared first on Breitbart.
Seafood chain Red Lobster is considering bankruptcy after their all-you-can-eat shrimp promotion contributed to a staggering $11 million loss in 2023.
The post Report: Red Lobster’s ‘Endless Shrimp’ Deal Leads Company to Consider Bankruptcy appeared first on Breitbart.
A group of Senate Republicans is seeking to reinstate secret ballots for unionization of workplaces in the United States as about 4,300 auto workers at Volkswagen's Chatanooga, Tennessee plant decided whether to join the United Auto Workers (UAW).
The post Exclusive: GOP Senators Seek to Reinstate Secret Ballots for Unionization as Volkswagen Workers Vote on Joining UAW appeared first on Breitbart.
On Wednesday’s broadcast of MSNBC’s “11th Hour,” host and NBC Senior Business Analyst Stephanie Ruhle stated that one reason for rising gas prices is because of production cuts from Russia and Saudi Arabia, “who would sure like to help” 2024
The post NBC’s Ruhle: Gas Prices Are Rising Partially Because Russia, Saudis Are Trying to Help Trump by Cutting Production appeared first on Breitbart.
During an interview with Nexstar Media that took place on Tuesday and was released on Wednesday, President Joe Biden stated that inflation “is being stubborn and not going down to the 2% we need. But, it’s significantly different,” than where
The post Biden: Inflation ‘Is Being Stubborn’ — Things Like Junk Fees Are What ‘Really’ Impact People appeared first on Breitbart.
The Disney Grooming Syndicate’s flailing Marvel division laid off 15 staffers this week, reports the far-left Variety.
The post Nolte: Flailing Woke Marvel Lays Off Staff, Says It Will Reduce Output appeared first on Breitbart.
As President Joe Biden visited Scranton, Pennsylvania, on Tuesday, he called for an increase in taxes on the rich.
The post Biden Calls for Increase in Taxes on the Rich appeared first on Breitbart.
The latest edition of the Beige Book provides far more red flags than silver linings.
The post Breitbart Business Digest: Beige Book Provides Gloomy Outlook for U.S. Economy appeared first on Breitbart.
The bills in the House's foreign aid package, which will be up for a vote Saturday, would appropriate a combined $95 billion for Ukraine, Israel, and the Indo-Pacific, with a lion's share of $60.84 billion for Ukraine.
The post Breakdown: Foreign Aid Bills Would Send $95 Billion to Ukraine, Israel, Indo-Pacific appeared first on Breitbart.
In a recent interview with Tucker Carlson, Pavel Durov, the founder of the popular messaging app Telegram, accused tech giants Google and Apple of being the real enemies of free speech on the internet.
The post Telegram Founder Tells Tucker Carlson that Google and Apple Are Threats to Free Speech appeared first on Breitbart.
Claiming to harness the potential of AI in combating climate change and nature loss, Jeff Bezos' Earth Fund has announced a $100 million grant program called the AI for Climate and Nature Grand Challenge.
The post Jeff Bezos’ Earth Fund Launches $100 Million Challenge to ‘Fix’ Climate with AI appeared first on Breitbart.
Tesla is set to ask its shareholders to once again vote on approving the controversial 2018 pay package for CEO Elon Musk, which was recently thrown out by a Delaware judge.
The post Tesla to Seek Shareholder Re-Approval for Elon Musk’s Massive Pay Package appeared first on Breitbart.
Actor John Leguizamo isn't happy that former President Donald Trump is gaining ground with Hispanic voters.
The post John Leguizamo Whines that Trump Is Gaining with Hispanics, Admits Inflation Is ‘Bad Right Now’ appeared first on Breitbart.
Mike Johnson announced that the House will vote Saturday night on a foreign aid package that includes billions of dollars for Ukraine.
The post Mike Johnson Triples Down on Mortgaging American Future to Pay Off Ukrainian Leader Volodymyr Zelensky appeared first on Breitbart.
The world’s first-ever artificial intelligence beauty pageant “Miss AI” is set to take place this May, with prizes totaling over $20,000. Judges for will be looking at AI-generated contestants’ “beauty,” “tech,” and “social clout” when determining the winners of the Miss AI
The post First Artificial Intelligence Beauty Pageant ‘Miss AI’ Coming in May appeared first on Breitbart.
Jerome Powell spoke today from our nation's capital and indicated what we all know to be true: The Fed has no business cutting rates at this time.
The post Breitbart Business Digest: Powell Speaks and States the Obvious—No Rate Cuts Are Coming appeared first on Breitbart.
Left-wing billionaire Jeff Skoll's woke film studio Participant is reportedly shutting down operations and eliminating most of its staff -- the latest victim of Hollywood's sharp downturn that has seen a bloodbath of layoffs and budget cuts.
The post Hollywood Depression: Participant, Studio Behind ‘An Inconvenient Truth’ & More Woke Message Movies, Shuts Down appeared first on Breitbart.
President Joe Biden is suffering dismal approval ratings on a range of key issues, the latest survey from the Economist/YouGov found.
The post Poll: Biden Suffers Dismal Approval Ratings on Key Issues appeared first on Breitbart.
The GOP-led House Committee on Homeland Security is grilling President Joe Biden's pro-migration border chief as the Senate prepares to vote on his impeachment.
The post Watch: GOP Grills Pro-Migration DHS Secretary Alejandro Mayorkas appeared first on Breitbart.
In a social media post, tech executive Greg Isenberg, CEO of Late Checkout, shared his encounter with a 24-year-old man in Miami who admitted to spending $10,000 per month on "AI girlfriends," predicting that this growing trend could lead to a billion-dollar industry.
The post Expert Predicts $1 Billion Market for AI Girlfriends as Men Spent $10K a Month on Fake Relationships appeared first on Breitbart.
Elon Musk, owner of the social media platform X (formerly known as Twitter), has reportedly declared that new users will have to pay a fee to tweet on the platform.
The post Engagement Killer: Elon Musk Announces X/Twitter Newcomers Must Pay to Send Tweets appeared first on Breitbart.
Rep. Thomas Massie told Speaker Mike Johnson that he would cosponsor Rep. Marjorie Taylor Greene's motion to vacate the chair.
The post Thomas Massie Joins MTG’s Motion to Vacate as Opposition to Mike Johnson Grows over Ukraine appeared first on Breitbart.
The ruling socialist regime in Venezuela documented an 18-percent increase in oil output in the first trimester of 2024 when compared to the same period in 2023, according to information published by the Organization of the Petroleum Exporting Countries (OPEC) in its latest April 2024 report.
The post Venezuela Oil Production Grew 18% After Biden Sanctions Relief appeared first on Breitbart.
Sen. Mike Lee called out Speaker Mike Johnson for planning to pass four bills, including one to send aid to Ukraine, under the guise of one.
The post Battle of the Mikes: Sen. Lee Calls Out Speaker Johnson appeared first on Breitbart.
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 post Migration: Iowa Gov. Kim Reynolds Protects Americans and Progressives Complain appeared first on Breitbart.
Kansas Attorney General Kris Kobach has penned a letter signed by other Republican lawmakers accusing Bank of America (BofA) of potentially discriminating against Christians.
The post Republican Lawmakers Claim Bank of America Discriminates Against Christians appeared first on Breitbart.
In this election, we have a tale as old as time: the Democrat wants to confiscate more of what you make for the government's pleasure, and his Republican challenger does not.
The post Breitbart Business Digest: A Tax Day Reminder That Elections Matter appeared first on Breitbart.
The Teamsters Union's political action committee contributed $5,000 to Sen. Josh Hawley's (R-MO) reelection campaign.
The post Historically Pro-Democrat Teamsters Union Contributes $5K to Sen. Josh Hawley, Inches Closer to Republicans appeared first on Breitbart.
Biden talks up the economy’s strong growth but doesn’t address the fact that the inflation rate he’s given us surpasses the GDP growth rate. He also doesn’t mention that much of this growth was funded directly by government stimulus and other financial aid given to the public.
The White House claims the economy is roaring, and mainstream media suggests only Republicans doubt it. However, consumer sentiment is declining, albeit with a slight recent uptick, which both the White House and mainstream media quickly seized upon as a positive trend. Inflation also rose this month, but the White House contends it’s down compared to 2022 levels. It appears the White House chooses to cite macro or micro data depending on what makes them look better.
The average gas price increased by 7% this month compared to last month. However, it remains lower than the $4.90 it hit in 2022. So, I suppose the White House can chalk up another win.
The reality is, both the average American and business owner perceive the economy as dismal and lack confidence in the future. Despite high inflation, the specter of recession still looms large, suggesting stagflation may become a reality in the near future. We could easily find ourselves grappling with growing unemployment alongside escalating prices. Technically, we’ve been in a recession for some time now, but Janet Yellen’s assertion that a recession isn’t defined by two consecutive quarters of negative growth was surprising to me and most university economics professors, as it contradicts the textbook definition of a recession.
Regarding stagflation, it’s defined by rising prices and growing unemployment. In the strictest sense, the White House is correct that we haven’t reached that point yet. More jobs are being created each month. However, if you’re looking for a job, the difficulty in finding one is obvious. This is largely due to the fact that 70% of the new jobs being created are part-time, while about 20% are government jobs. Depending on one’s definition of “jobs,” an argument could be made that significant numbers of new full-time private sector jobs are not being created.
The truth is, the economy has been on shaky ground throughout Biden’s entire administration. The only thing preventing a complete collapse is government stimulus and government job expansion, both of which add to the deficit and debt, merely postponing the inevitable. And that inevitable end is fast approaching.
Several US municipalities have implemented excessively high minimum wages, reaching up to $20 an hour. As a result, retailers, fast food chains, and ride-hailing apps like Lyft and Uber are exiting these markets. Grocery stores are transitioning to self-checkout systems, while fast-food establishments are introducing order kiosks. Moreover, many CVS and Walgreens drugstores have significantly reduced their floor staff, in some instances to just one employee.
Under Bidenomics, we’ve witnessed a 46% increase in gas prices, with mortgage rates inching closer to 7%. Meanwhile, the demand for new mortgages is dwindling.
Real wages, adjusted for inflation, have dropped by an average of $371. The White House’s deception on this matter lies in presenting a chart of inflation that peaked in June 2022 and has since been declining, while wages have been on the rise. At first glance, it may seem that the worst of inflation is behind us and wages now surpass inflation. However, it’s crucial to remember that prices have not decreased.
The rate at which wages are increasing, at 5%, now exceeds the rate of price increases, at 3.2%. However, over the past four years, we’ve seen cumulative inflation of nearly 20%. So, whereas you once earned a dollar, you now earn $1.05, while goods that previously cost $1.00 now cost $1.20. As a result, your real wages, adjusted for inflation, have decreased.
In short, the money you earn buys you less stuff.
Due to a decline in inflation-adjusted income, US savings rates have dropped to 3.6% from the pre-pandemic level of 6%. Credit card delinquencies and car loan defaults have reached record highs. Many Americans report borrowing money each month just to cover their cost of living.
Bidenomics is a disaster, and the White House is still considering cutting interest rates, which would cause inflation to skyrocket.
The post Credit Card Defaults, Inflation, Part-Time Jobs: The Economy Is a Disaster appeared first on The Gateway Pundit.
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.
The post Exclusive—Nicole Wolter: Tax Day Emphasizes Need to Make the Trump Tax Cuts Permanent appeared first on Breitbart.
Only four percent of voters believe President Joe Biden's economy is "excellent," while 52 percent say it is "poor," a New York Times/Siena poll found Saturday.
The post NYT Poll: 4% of Voters Say Biden’s Economy Is ‘Excellent’; 52% Say ‘Poor’ appeared first on Breitbart.
Elon Musk's Tesla has announced a significant reduction in its global workforce, with layoffs affecting more than 10 percent of its employees.
The post Elon’s Pink Slips: Tesla Announces Layoffs of Over 10% of Global Workforce amid Growth Slowdown appeared first on Breitbart.
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.
The post Google Blocks News in California to Protest Proposed Media Payoff Law appeared first on Breitbart.
FIRST ON THE DAILY SIGNAL—President Joe Biden’s efforts to deflect blame for the border crisis and high cost of living aren’t working with swing voters, according to new polling from Echelon Insights.
An even higher percentage view his administration as a failure.
The survey of 2,401 registered voters in six battleground states—shared exclusively with The Daily Signal—reveals key insights about swing voters, a segment of the U.S. population who aren’t strongly aligned with either political party.
Asked to rate the Biden administration, 65% of swing voters described it as a failure. A majority of Hispanic men, young voters (18-35), and married women also give the Biden administration a failing grade.
The poll finds 59% of swing voters blame Biden’s policies for the crisis at the southern border, compared with 23% who say it’s due to factors outside of his control, while 18% are unsure or don’t view it as a problem.
On the issue of inflation and the high cost of living, 51% of swing voters blame Biden’s policies. According to the survey, 37% think the problem is outside of Biden’s control, while 13% are unsure or don’t view it as a problem.
Of the issues surveyed, violent crime is the only one that a majority of swing voters don’t blame on Biden’s policies. In that specific case, 38% attribute a rise in crime to Biden, compared with 39% who think it’s not his doing.
These issues are regularly cited as Americans’ top concerns. They are also contributing to a gloomy outlook on America’s future and have resulted in Biden’s dismal disapproval rating.
Echelon Insights conducted the survey for The Heritage Foundation in Arizona, Georgia, Michigan, Nevada, Pennsylvania, and Wisconsin.
When asked about the 2024 presidential election, swing voters give former President Donald Trump higher marks on America’s biggest issues: addressing immigration and border security, ensuring a strong U.S. economy, maintaining world peace, bringing down the high cost of living, keeping their families safe, supporting the middle class, instilling confidence in America, and protecting rights and freedoms.
Biden outperformed Trump on just two issues: health care costs and student loan debt.
Trump’s dominance on a wide range of policy issues translates into a strong showing in five of the six states where the survey was conducted. Trump leads in Arizona, Georgia, Michigan, Nevada, and Pennsylvania. Biden had the edge in Wisconsin.
A whopping 73% of swing voters in those six states disapprove of Biden’s job performance, compared with 40% for Trump. In each of the individual states, Trump holds the advantage.
When asked to rate a conservative governing agenda compared against a liberal agenda, swing voters in all six states favored a plan that grows the economy, reduces the cost of living, cuts government spending, secures the border, and implements tougher penalties for violent criminals.
The conservative agenda performed best in Michigan, followed closely by Georgia.
Swing voters cited the high cost of living as a major concern, worrying about the economic future of their kids, ability to save for retirement, and the cost of health care.
With a national debt of more than $34 trillion and government spending exploding on Biden’s watch, these voters are more receptive to spending cuts than other ideas such as combating corporate greed and junk fees or increasing taxes on wealthy Americans.
On the issue of border security, swing voters are more likely than the overall population to worry about social services being stretched thin. They also cite drug trafficking and rising crime as problems connected to the massive influx of illegal aliens.
Some of the Trump administration’s priorities—instituting the Remain in Mexico policy, completing the U.S.-Mexico border wall, and closing the southern border to asylum seekers—rate positively among swing voters.
The survey also asked swing voters about education and the role of parents. By a significant margin, 63% to 30%, they think parents are in the best position to address controversial issues, such as sexuality, with their children.
Echelon Insights conducted the survey March 12-19 among approximately 400 voters in each of the six states. It has a margin of error of +/-2.3 percentage points overall.
The post Swing Voters Deliver Harsh Verdict: Biden Administration Is a Failure appeared first on The Daily Signal.
The American people and the U.S. government operate under two completely different sets of rules, with the government borrowing money that it "never pays" back.
The post Exclusive–Joe Penland Sr.: U.S. Government ‘Borrows Money and Never Pays It Back’ appeared first on Breitbart.
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.
The post Report: Renters Worry They Won’t Be Able to Afford Homes in Biden’s America appeared first on Breitbart.
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.
The post Gee, Thanks Zuck: Instagram Promises to Blur Out Nude Pictures Sent to Minors appeared first on Breitbart.
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.
The post Despite Elon Musk’s Hype, California Regulators Have Not Received Permit Application for Tesla Robotaxis appeared first on Breitbart.
British authorities accused China of flooding the country with fake postage stamps, a form of industrial sabotage and "economic warfare".
The post China Accused of Flooding United Kingdom With Counterfeit Postage Stamps appeared first on Breitbart.
The U.S. and UK will begin restricting the trade of new Russian-origin metals on global metal exchanges and in derivatives trading.
The post UK and U.S. Impose Joint Sanctions on Russian-Origin Metals appeared first on Breitbart.
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
The post BlackRock’s Fink: Spending in ‘Inflation Reduction Act’ Will Make It Harder to Lower Inflation appeared first on Breitbart.
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
The post Ag Sec’y Vilsack on Inflationary Pressure from ‘Inflation Reduction Act’ Spending: The Law’s ‘Paced’ appeared first on Breitbart.
Gov. Gavin Newsom's administration lost track of $24 billion it spent over the past five years on the homelessness crisis, an audit found.
The post Audit: California Lost Track of $24 Billion Spent to Combat Homelessness appeared first on Breitbart.
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.
The post Breitbart Business Digest: What Will Happen to the Trump Tax Cuts? appeared first on Breitbart.
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.
The post Amazon CEO Andy Jassy: AI Is the ‘Largest Technology Transformation’ Since the Internet appeared first on Breitbart.
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.
The post ‘A Gift to Phishers:’ Elon Musk’s Plan to Change X/Twitter Links Backfires Spectacularly appeared first on Breitbart.
The town of Plainville, Connecticut, announced Tuesday it is adopting a four-day workweek for some of its employees.
The post Connecticut Town Adopts 4-Day Workweek After Trial Run ‘Proved Successful’ appeared first on Breitbart.
Undecided voters from swing states on an MSNBC panel this week declared opposition to President Joe Biden because of his economic failures.
The post Undecided Voters on MSNBC Panel Declare Opposition to Biden appeared first on Breitbart.
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.
The post Report: Temu Encouraged Suppliers to Use Chinese Cotton, Ignoring Slavery Risk appeared first on Breitbart.
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.
The post Roku Reveals Massive Data Breach – Here’s What You Can Do to Protect Yourself appeared first on Breitbart.
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.
The post California Fast Food Franchisee Hurries to Install Kiosks as $20 Minimum Wage Slams Businesses appeared first on Breitbart.
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.
The post Bidenflation’s Resurgence Sends Consumer Sentiment Tumbling appeared first on Breitbart.
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.
The post Newt Gingrich: Bidenomics ‘Means You Get Less for More’ appeared first on Breitbart.
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
The post White House: PPI Inflation Hitting 11-Month High ‘Tempers’ Worries, ‘Inflation Has Been Coming Down’ appeared first on Breitbart.
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”
The post White House: Biden’s Fighting Inflation with Student Loan Plan appeared first on Breitbart.
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Someone should let President Biden know that the Federal Reserve is not going to deliver him a politically expedient rate cut.
The post Breitbart Business Digest: The Fed Will Not Cut Before the 2024 Election appeared first on Breitbart.
Donald Trump leads Joe Biden in North Carolina, where inflation and national security are the leading issues for voters, per a poll.
The post Poll: Donald Trump Leads Joe Biden in North Carolina, Where Inflation, National Security Are Top Issues appeared first on Breitbart.
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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 post Elon’s Tough Year: Tesla’s Sales Outlook Dims as Analysts Predict EV Decline in 2024 appeared first on Breitbart.
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.
The post Bad News for MBAs: AI Revolution Poised to Disrupt Entry-Level Jobs on Wall Street appeared first on Breitbart.
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.
The post Female Vietnamese Real Estate Tycoon Sentenced to Death in $12 Billion Fraud Case appeared first on Breitbart.
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.
The post Tech Titans Jeff Bezos and Tim Cook Grace Joe Biden with Their Presence at State Dinner appeared first on Breitbart.
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.
The post Fact Check: Biden Blames Inflation on Trump appeared first on Breitbart.
Delinquency rates among American credit card holders are at an all-time high, according to a Federal Reserve Bank of Philadelphia report.
The post Nolte: Bidenomics Drives Credit Card Delinquencies to Record High appeared first on Breitbart.
Core inflation rose for a third consecutive month, the producer price index showed Thursday.
The post Bidenflation: Core Producer Prices Up The Most Since September appeared first on Breitbart.
The Biden White House claims to have heralded “a great year for American workers” with more jobs created “during any year of the prior Administration.” However, most are part-time or government jobs, paid for by taxpayers. Additionally, the constant influx of illegal immigrants distorts the job market.
The March jobs report shows 303,000 new jobs added. However, most of the jobs were part-time. Meanwhile, year-over-year creation of full-time positions has been in recession territory since December. Even these part-time jobs are largely going to immigrants, including illegal immigrants. Consequently, considering both part-time and full-time employment, there have been almost no jobs created for citizens.
Nearly one-quarter of the new jobs are government jobs, paid for by taxpayers. This percentage is about double the norm for government job creation, which typically falls between 10 and 12 percent. In addition to the fact that government jobs drain taxpayer funds, they also do not represent an investment in the future. Jobs created by a private company today, if successful, will grow and create more jobs in the future. Private companies develop new industries, products, and services that facilitate investment and the development of other private companies. This is why the US economy is much more robust than the economy of a centrally planned, communist country.
Even in communist China, the rapid economic growth of the past few decades was led by the private sector, not the public sector. Another problem with a growing public sector is that it draws talent away from the private sector. People who might otherwise have been inventive or innovative, creating something new in the private sector, will be absorbed into government jobs that produce nothing.
In addition to there not being enough full-time jobs, the job market is also plagued by swings and fluctuations. Inflation is a constant feature of the Biden economy, making markets more susceptible to speculation regarding Fed policy. Usually, as election time nears, the sitting president, running for reelection, will decide that the level of inflation is too low and will cut interest rates to induce an illusory job boom. Signals from the White House and the Fed suggest that they are mulling over such a destructive move now, despite the fact that the US still faces high inflation and has suffered cumulative inflation of over 18% since Biden took office.
Biden’s student loan forgiveness plan is an example of a shortsighted policy that will give people the illusion of a better economy. People who will have thousands of dollars’ worth of debt wiped clean will feel instant relief and forget that every product they buy is more expensive than under Trump. As a populist move, those wishing to have their current or future college debts erased will also vote for Biden.
Like any other government transfer, the student loan forgiveness program is transferring money from taxpayers—who may or may not have been able to afford college—to people who borrowed money, attended college, and will now enjoy the economic benefits of an education at the expense of others. The trillions Biden is giving away through this and other programs, which began during COVID, are driving up the deficit, increasing the debt, and eroding the dollar’s buying power.
There are areas where job creation and real economic growth could be fostered, such as by increasing Liquified Natural Gas (LNG) exports. The energy industry creates highly paid, full-time jobs for non-college graduates, which is something this country is running short of. However, Biden caved to the climate crowd and has halted approvals for export certifications for LNG, a commodity whose price has nearly tripled since sanctions on Russian energy exports reduced the supply to Europe and the world.
Cutting these LNG jobs and revenues is considered a victory for climate activists. However, the Energy and Commerce Committee, along with more than 150 House Republicans, including Speaker Mike Johnson, R-La., are working to reverse Biden’s ban on LNG. They argue that demand will remain the same, while Biden is effectively cutting the supply, thus driving up prices. Expanding US LNG exports would bring down prices, create jobs, increase the size of the US economy, and afford the US diplomatic advantages, bringing the US closer to its European allies.
If the Biden economy is considered good, perhaps we should revert to the supposedly bad economy under Trump, where inflation was low, unemployment was low, gas prices were low, illegal immigration was being addressed, and Russia dared not invade Ukraine.
The post Biden Job Creation: Part-time, Government Jobs, and Distorted Unemployment Numbers appeared first on The Gateway Pundit.
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bec, CC BY-SA 4.0 <https://creativecommons.org/licenses/by-sa/4.0>, via Wikimedia Commons
Rapper 50 Cent's iconic name has once again been used for a political pun ... this time from rapper and outspoken Trump supporter Lil Pump.
The post Rapper Lil Pump: Bidenflation Will Make Rapper 50 Cent Become ‘59.7 Cent’ appeared first on Breitbart.
On Wednesday’s broadcast of “CNN Newsroom,” Biden Campaign Co-Chair Rep. James Clyburn (D-SC) responded to criticism by Biden’s former Chief of Staff Ron Klain of President Joe Biden for touting infrastructure when people are dealing with inflation by stating, “Well,
The post Biden Co-Chair Clyburn on Klain Inflation Criticism: ‘I’m Not an Economist’ ‘Don’t Know How These Issues Really Work’ appeared first on Breitbart.
Tennessee families are spending $922 per month "just to tread water" in President Joe Biden's economy, Sen. Marsha Blackburn (R-TN) said.
The post Exclusive — Marsha Blackburn: TN Families Spending $922 Per Month ‘Just to Tread Water’ appeared first on Breitbart.
Students submitted more than 22 million papers last year that were likely written by AI tools, according to new data published by Turnitin, a software service that checks papers for plagiarism.
The post Cheating Detector: Students Submitted 22 Million Papers Written by AI Last Year appeared first on Breitbart.
The victory over inflation that the Biden administration and many on Wall Street were eager to celebrate last year now seems to have been, well, transitory.
The post Breitbart Business Digest: March Inflation Report Kills Chance of a June Rate Cut appeared first on Breitbart.
The latest oil price-tracking data suggests Russian crude oil is selling far above price caps imposed by the G7 nations in 2022.
The post Russian Oil Shatters G7 Price Caps in Defiance of Sanctions appeared first on Breitbart.
The U.S. Postal Service (USPS) has proposed a 7.8 percent price increase for stamps to "achieve financial stability."
The post U.S. Postal Service Announces Sixth Price Increase Since 2020 appeared first on Breitbart.
ByteDance, the Chinese parent company of massively popular psyop against western teenagers TikTok, has achieved a massive 60 percent increase in profits for 2023, outpacing Chinese competitors like gaming giant Tencent.
The post China Finds Big Money in TikTok Psyop as ByteDance Profits Soar 60% appeared first on Breitbart.
Haircare costs increased since 2023 under President Joe Biden, March CPI numbers revealed on Wednesday.
The post Salonflation: Haircare Inflation Takes a Snip Out of Consumers’ Wallets appeared first on Breitbart.
The Federal Trade Commission (FTC) has awarded prizes to four organizations for developing technologies that can distinguish between authentic human speech and audio generated by AI, as concerns grow over the influence of deepfakes on elections and consumer scams.
The post Can You Believe Your Ears? FTC Awards Prizes for Tech to Detect AI-Generated Deepfake Voices appeared first on Breitbart.
Exit polls in South Korea’s midterm elections on Wednesday predicted a landslide win for the left-wing Democratic Party (DP) and its “sister party,” the Democratic United Party (DUP).
The post South Korea: Exit Polls Predict Landslide Leftist Win in Midterm Elections appeared first on Breitbart.
The prices of auto repair, auto insurance, and parking have surged since 2023, according to March Consumer Price Index (CPI) data.
The post Car Ownership Prices Accelerate: Bidenflation Hits Auto Repairs, Car Insurance, and Even Parking Prices appeared first on Breitbart.
The costs of daycare and school have soared to nearly five percent since 2023, March Consumer Price Index (CPI) data shows.
The post Kidflation: Daycare and School Prices Soar appeared first on Breitbart.
Tesla owners reportedly waited hours to charge their vehicles after Monday's total solar eclipse. The long lines at charging stations are like salt in the wound of EV owners who are forced to wait as their cars charge enough to reach home — a major concern when major traffic days can cause long delays.
The post Plug-In Nightmare: Tesla Owners Wait Hours to Charge Electric Vehicles After Eclipse appeared first on Breitbart.
A new trend on China's TikTok called "Things I'm ashamed to admit" involves the platform's young users engaging in an egregious amount of oversharing on social media under the guise of dispelling the notion that people are living perfect lives.
The post Oversharing with China: TikTok Trend Encourages Young Users to Spill Their Guts appeared first on Breitbart.
President Joe Biden's former chief of staff Ron Klain complained during a recent event that the president was too focused on taking victory laps on infrastructure projects and not doing enough to address voters' immediate concerns, such as the price of groceries, according to a report.
The post Former Biden Chief of Staff Ron Klain Says Biden Taking Victory Lap While Grocery Prices Are Too High appeared first on Breitbart.
Tesla CEO Elon Musk has made a bold prediction about the future of artificial intelligence, claiming that AI will be "smarter than the smartest human" within the next two years.
The post Elon Musk Predicts AI Will Surpass Human Intelligence Within Two Years appeared first on Breitbart.
Prices of dental care, eye care, and personal care have increased since 2023, March Consumer Price Index (CPI) data revealed Wednesday.
The post Open Wide: Bidenflation Pushes Up Dental Care, Eye Care, Personal Care Products appeared first on Breitbart.
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Inflation under Joe Biden has sent the costs of maintaining a household soaring. Rent, electricity, and garbage collection prices are all up.
The post Gimme Shelter: Inflation Pushing Up Rents, Garbage Collection, Electricity appeared first on Breitbart.
The worse than expected inflation likely dashes hopes for a rate cut in June.
The post Bidenflation Reignited: Consumer Prices Rise More Than Expected For Third Straight Month appeared first on Breitbart.
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