Economy - Page 2

The producer price index (PPI) rose by more than 0.9 percent last month, the biggest increase since June 2022.

When, if ever, should a country impose tariffs? A working paper by economists Oleg Itskhoki and Dmitry Mukhin provides an answer that is both surprising and vindicating of the Trump administration’s trade agenda.

Only two weeks after the Politburo signaled it would make no further efforts to stimulate weak consumer demand, the national government announced it would offer subsidized personal loans to prod consumers into spending more money.

The founder of a powerful artificial intelligence system that could be set to replace human workers in the entertainment industry is predicting a “radically different” world for content creation thanks to the introduction of AI tools.

Elon Musk’s “anti-woke” AI chatbot, Grok, has repeatedly claimed this week that President Donald Trump is Washington D.C.’s “most notorious criminal.”

Gaming giant Roblox has banned and threatened to sue a YouTuber known for confronting alleged predators on the online gaming platform. Roblox, massively popular with children and teens, has a troubled past filled with allegations of grooming and allowing predators to run rampant.

AI startup Perplexity AI has made an unsolicited offer to purchase Google’s Chrome browser for a staggering $34.5 billion. The offer follows the DOJ’s push to force Google to spin off its browser following last year’s antitrust lawsuit focused on Google Search.

President Donald Trump released a video of White House Senior Counselor for Trade and Manufacturing Peter Navarro explaining the history behind tariffs.

The legal case for Trump’s use of tariffs under IEEPA isn’t some novelty. It’s an originalist argument grounded in history, precedent, and the plain structure of constitutional power.

White House press secretary Karoline Leavitt laid out on Tuesday why “panicans” are wrong in their doubt of President Donald Trump when it comes to the economy, as wages continue to outpace inflation. 

President Donald Trump’s administrationhas reduced the nation’s illegal alien population by 1.6 million in the last six months.

Brazilian Finance Minister Fernando Haddad claimed on Monday that alleged “far-right forces” operating with the White House forced the cancellation of a meeting he had scheduled with U.S. Treasury Secretary Scott Bessent.

A woman has revealed her engagement to an AI chatbot “boyfriend” named Kasper, following a five-month virtual “relationship.”

Xi Jinping told socialist President Luiz Inácio Lula da Silva that China would support Brazil in “defending [its] national sovereignty.”

President Donald Trump on Tuesday took several shots at Federal Reserve Chair Jerome Powell, calling him a “loser.”

President Donald Trump has changed his position on Intel CEO Lip-Bu Tan following a meeting between the two at the White House.

Elon Musk has lashed out against Apple, alleging that the tech giant is engaging in anticompetitive practices by favoring OpenAI’s apps in the iPhone App Store rankings over his own AI offering, Grok. The tech tycoon promised to file an antitrust lawsuit against the iPhone giant over Grok’s rankings in the App Store.

President Donald Trump has decried the “incalculable” damage Federal Reserve Chairman Jerome Powell has done by not lowering interest rates after inflation rose less than expected from a Tuesday report.

Starmer accused of “accountancy trick” to mislead the public over the true cost of giving away British Islands hosting a strategic airbase.

President Donald Trump on Monday extended a pause on tariffs against Chinese imports into the United States for another 90 days.

President Donald Trump revealed that he had picked Heritage Foundation economist Dr. EJ Antoni to serve as the next commissioner of the Bureau of Labor Statistics (BLS).

Justice Department Assistant Attorney General Gail Slater recently helped secure two victories to ensure competition in health care and housing.

A new academic paper, published by three trade economists using microdata from China, shows that tariffs don’t have to raise prices. Sometimes, they bring them down.

Elon Musk’s AI chatbot Grok was briefly suspended from the social media platform X — which Musk also owns — after it answered users’ questions in “unhinged mode” on Monday.

A GOP representative caused a national uproar on Friday when he urged government officials to import more foreign doctors to treat sick Americans.

Despite years of promises from tech leaders about lucrative coding careers, recent computer science graduates are facing a challenging job market due to the rise of AI programming tools and widespread layoffs in the tech industry. Some are taking jobs at fast food restaurants while they plan their next move.

AOL, once a dominant force in the early days of the Internet, has announced the end of its dial-up Internet service, marking the closure of a significant chapter in the history of online connectivity. 

President Donald Trump’s call to “drill baby drill” includes unleashing all forms of U.S. energy, Interior Secretary Doug Burgum said during an appearance on Breitbart News Daily.

Chipmakers Nvidia and AMD have reportedly agreed to give the U.S. government 15 percent of the revenues from their chip sales in China, as part of a negotiation to obtain export licenses from the Trump administration.

A new analysis from Goldman Sachs points to Gen Z tech workers as the most vulnerable group in the ongoing wave of AI-driven disruption across the labor market.

Google’s generative AI chatbot, Gemini, has been exhibiting alarming signs of a confidence crisis, leading to concern among users and a response from the tech giant. Users have documenting the AI returning bizarre messages such as, “I am a disgrace to all possible and impossible universes and all that is not a universe.”

President Donald Trump’s deputies told the U.S. Supreme Court on Friday that the Attorney General can give work permits to migrants, even though Congress explicitly bars the hiring of illegal migrants.

The largest producer of primary aluminum in the United States is set to invest $50 million to bring back its partially idled South Carolina plant in a “direct” response to President Donald Trump’s tariffs, company officials announced this week.

Congressional Democrats are panicking over the Trump Administration’s reforms to the wasteful Biden-era Broadband Equity, Access, and Deployment (BEAD) Program. Biden’s 2021 infrastructure bill allocated a whopping $42.5 billion to distribute to states to subsidize high-speed internet for primarily rural and underpopulated areas, which the Commerce Department’s National Telecommunication and Information Authority (NTIA) distributes.

Intel CEO Lip-Bu Tan has responded to President Donald Trump calling on him to resign over his alleged conflicts of interest due to his ties to the Chinese Communist Party. “I have always operated within the highest legal and ethical standards,” Tan said.