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Tesla and CEO Elon Musk are pushing back against institutional investors who have expressed opposition to Musk’s disputed $58 billion compensation package from 2018.
The post Tesla and Elon Musk Fire Back at Institutional Investors in Argument over Massive Pay Package appeared first on Breitbart.
An international law enforcement team has reportedly apprehended a Chinese hacker accused of running a massive botnet for nearly a decade, amassing at least $99 million in profits by selling access to cybercriminals.
The post Chinese Hacker Arrested in Takedown of World’s Largest Botnet appeared first on Breitbart.
On Friday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers Chair Jared Bernstein reacted to the April Personal Consumption Expenditures (PCE) index by stating there has been a consensus that “the kind of stall in disinflation
The post White House on Annual Core, Overall PCE Holding, Monthly Core Dropping 0.1%: Still Have Good Disinflationary Forces appeared first on Breitbart.
On Friday’s edition of NBC’s “MTP Now,” NBC News White House Correspondent Mike Memoli stated that “the Biden team has seemed to concede that there’s nothing they’re going to be able to do to fix the inflation problem” and are
The post NBC’s Memoli: Biden Team Has Given Up on Trying ‘to Fix the Inflation Problem’ and Is Trying to Argue Style appeared first on Breitbart.
The Fed meeting minutes released on May 22 mentioned "various officials" worrying that rates might not be as restrictive as thought.
The post Breitbart Business Digest: Is the Fed’s Monetary Policy Still Too Loose? appeared first on Breitbart.
Inflation, high interest rates, and the exhaustion of excess household savings may finally be taking their toll on the economy. Consumer spending rose a modest 0.2 percent in April, the smallest increase in three months, data from the Department of
The post Consumer Spending Weakens in April appeared first on Breitbart.
Tesla CEO and X/Twitter owner Elon Musk slammed Thursday's guilty verdict of former President Donald Trump, saying "great damage was done to the public's faith in the American legal system," adding, "anyone is at risk" now that "a former president can be criminally convicted over such a trivial matter."
The post Elon Musk Slams Trump Verdict: ‘Anyone Is at Risk’ appeared first on Breitbart.
Google has announced that it will be restricting the use of its AI-generated search results, known as AI Overviews, after the tool produced a series of “odd, inaccurate or unhelpful” summaries that went viral on social media.
The post Woke Google Scales Back AI-Generated Search Results amid Viral Flubs appeared first on Breitbart.
In a move that may cost him friends and business opportunities, Shaun Maguire, a partner at Sequoia Capital and former Hillary Clinton supporter, has donated $300,000 to Donald Trump’s 2024 presidential campaign.
The post ‘Prepared to Lose Friends:’ Silicon Valley Venture Capitalist Explains Why He Just Donated $300K to Donald Trump appeared first on Breitbart.
The National Rifle Association's big victory at the Supreme Court on Thursday puts a target on climate change regulations that have put fossil fuel companies under fire.
The post Breitbart Business Digest: How a Gun Rights Victory Benefits Fossil Fuels appeared first on Breitbart.
Nike has reportedly laid off some workers from its secret sneaker archives, the news coming after the company began mass layoffs in February.
The post Report: Nike Lays Off Some Workers in Secret Sneaker Archives Department appeared first on Breitbart.
A Dominican Republic national living illegally in the U.S. has admitted to stealing $213,000 in food stamp benefits in Rhode Island.
The post Illegal Immigrant Admits to Stealing $200K in Food Stamps in Rhode Island appeared first on Breitbart.
The left-wing Atlantic has announced a strategic content and product partnership with OpenAI, positioning the media company as a premium news source within OpenAI’s products, including the popular ChatGPT.
The post Leftist Atlantic Partners with OpenAI to Enhance ‘News Discoverability’ and Develop AI-Powered Products appeared first on Breitbart.
Walgreens is lowering prices on more than one thousand items as other corporations also battle inflation in President Joe Biden's America.
The post Bidenflation Backlash: Walgreens Joins Amazon, Target, Walmart, Cutting Prices on Thousands of Items appeared first on Breitbart.
Nolte: The far-left welfare queens and McCarthyites at NPR are freaking over His Fraudulency Joe Biden’s “glaring” problems with young voters.
The post Nolte: Far-left NPR Admits Biden’s Problem with Young Voters Is ‘Glaring’ and Economic appeared first on Breitbart.
The Walt Disney Company saw its stock dip nearly 2 percent early Thursday after billionaire Nelson Peltz sold his stake in the company following his unsuccessful proxy battle.
The post Disney Shares Dip After Nelson Peltz Sells Stake Following Proxy Battle appeared first on Breitbart.
Electric vehicle startup Fisker has recently laid off hundreds of employees as it grapples with financial challenges and seeks potential funding, a buyout, or prepares for bankruptcy.
The post EV Company Fisker Lays Off Hundreds in Desperate Bid to Stay Afloat appeared first on Breitbart.
The U.S. trade deficit in goods unexpectedly surged higher in April as imports of autos and capital goods grew rapidly. The deficit widened by 7.7 percent to $99.4 billion in April, the Commerce Department’s advanced estimate of trade and inventories
The post Trade Deficit Unexpectedly Explodes Higher, Widest Gap In Almost Two Years appeared first on Breitbart.
The U.S. economy grew less than previously thought in the first three months of the year, expanding at an annual pace of just 1.3 percent, revised government data showed Thursday.
The post Bidenomics: GDP Revised Down To A Slower 1.3% Growth Rate appeared first on Breitbart.
Canadians' wages, wealth, and productivity are falling amid a massive inflow of poor migrants, yet Prime Minister Justin Trudeau wants to grant citizenship to foreign-born children of the migrants who take low-wage jobs from Canadians.
The post Justin Trudeau Offers Birthright Citizenship for Indian Migrants’ Children appeared first on Breitbart.
United States tariffs on China-made imports have helped rescue America's left-behind textile industry from devastation after decades of free trade that came with mass layoffs of the nation's textile workers.
The post U.S. Tariffs on China Help Rescue American Textile Companies from Ruin appeared first on Breitbart.
It is becoming clearer with each passing day that there will be no interest rate cuts in the immediate future—and maybe not even in the distant future.
The post Breitbart Business Digest: High Rates Here to Stay – Sorry, Biden! appeared first on Breitbart.
A massive leak of internal documents purportedly exposing the inner workings of Google’s search algorithm has sent shockwaves through the tech industry and search engine optimization (SEO) community.
The post Explosive Leak Reveals Google’s Closely Guarded Search Algorithm Secrets appeared first on Breitbart.
In a move to address the growing concerns surrounding AI safety and security, OpenAI has announced the formation of a new governance body tasked with overseeing the development of its future AI models, including the successor to GPT-4.
The post OpenAI Establishes Safety and Security Committee to Oversee Development of Next Generation AI Models appeared first on Breitbart.
Chinese Communist dictator Xi Jinping admitted at a Politburo session on Monday that China’s job market is in “chaos.”
The post Xi Jinping Concedes China’s Job Market Is in ‘Chaos,’ Demands Underlings Fix the Economy appeared first on Breitbart.
In a race to secure partnerships with top AI start-ups, Mark Zuckerberg's Meta and Elon Musk’s xAI have been engaging in discussions with chatbot-maker Character.ai, as the AI arms race in Silicon Valley intensifies.
The post Elon Musk’s xAI and Zuckerberg’s Meta Compete for Partnership with AI Chatbot Maker appeared first on Breitbart.
The Biden administration lifted financial restrictions on Cuba on Tuesday, allowing "independent private sector entrepreneurs" in the communist-ruled nation access to the United States banking system to open U.S. bank accounts.
The post Biden Gifts Cuba More Sanctions Relief After TSA Tour Embarrassment appeared first on Breitbart.
Trump-endorsed Ohio Senate candidate Bernie Moreno is slamming incumbent Sen. Sherrod Brown (D-OH) as the state loses more manufacturing jobs to the far left's radical green energy agenda.
The post EVs Strike Again: Trump-Endorsed Bernie Moreno Slams Sherrod Brown as Ohio Loses More Manufacturing Jobs appeared first on Breitbart.
Neel Kashkari said that “dramatic increase in immigration” is boosting housing demand, adding to inflation and keeping the Fed from cutting interest rates.
The post Fed President Kashkari: Immigration Surge Keeps Inflation and Interest Rates Sky-High appeared first on Breitbart.
The president of the United Arab Emirates (UAE), Mohamed bin Zayed Al Nahyan, signed a "Comprehensive Economic Partnership Agreement (CEPA)" alongside South Korean counterpart Yoon Suk-yeol in Seoul on Wednesday, dramatically expanding trade between the two countries.
The post South Korea Signs Massive Free Trade Deal with UAE, Expanding Mideast Footprint appeared first on Breitbart.
On Tuesday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” White House Senior Adviser Amos Hochstein stated that the White House wants to lower energy prices and “we’re going to try to work to make sure that we
The post White House: We Want to Lower Energy Prices, Some Biden Restrictions on Drilling ‘Good’ appeared first on Breitbart.
Lending Tree surveyed 2,000 American adults and found 78 percent now consider fast food a luxury.
The post Nolte: Bidenflation Turned Fast Food into ‘Luxury’ for 78% of Americans appeared first on Breitbart.
Hammack will replace Loretta Mester, one of the Fed's most hawkish officials.
The post Goldman Sachs Exec Beth Hammack Tapped to Lead Cleveland Fed appeared first on Breitbart.
On Tuesday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” White House Senior Adviser Amos Hochstein stated that the Biden administration “made enormous progress to advance renewable energy in this country, to advance electric vehicles, but that’s not
The post White House: Green Transition ‘Not the Solution’ to Get ‘Lower Prices’ appeared first on Breitbart.
On Tuesday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” White House Senior Adviser Amos Hochstein said that America is the largest producer of oil and gas in the world, but they don’t want to see that continue
The post White House: We Don’t Want to Be World’s Leading Oil, Gas Producer Forever appeared first on Breitbart.
Because no national figures ever actually go there to interact with the residents, the people of the Bronx are often spoken for, and caricatured, by media and politicians claiming to represent them.
The post Morris: MIA New York Democrats Don’t Know Their Constituents appeared first on Breitbart.
During an interview with CNBC Europe on Tuesday, Minneapolis Federal Reserve Bank President Neel Kashkari stated that right now, inflation is going sideways, we need “many more months of positive inflation data” to get one to two rate cuts and government
The post Minneapolis Fed Pres.: Gov’t ‘Contributed to’ Inflation, Inflation ‘Sideways’, Need ‘Many More Months’ for Rate Cuts appeared first on Breitbart.
The Conference Board's monthly measure of consumer confidence is another piece of evidence suggesting that the economy accelerated in May.
The post Breitbart Business Digest: Inflationary Growth Is Blooming Again appeared first on Breitbart.
Google's troubled AI search tool reportedly claimed there are gay Star Wars characters called "Slurpy Faggi" and "Dr. Butto." This adds to the list of the search giant's insane responses, such as suggesting pregnant women smoke and you should add glue to pizza sauce to make the cheese stay on better.
The post Google AI Search Claims Gay ‘Star Wars’ Characters Exist Named ‘Slurpy Faggi’ and ‘Dr. Butto’ appeared first on Breitbart.
Consumer confidence rose in May but households' assessments of their financial health worsened and inflation expectations rose.
The post Despite Surprise Boost in Consumer Confidence, Recession Fears Rose in May appeared first on Breitbart.
After three months of rough inflation news, the April data is expected to give Fed officials at bit of a breather.
The post Fed’s Favored Inflation Gauge Expected To Soften This Week appeared first on Breitbart.
OpenAI announced on Tuesday that it has begun training a new flagship AI model to succeed the GPT-4 technology powering its popular chatbot, ChatGPT.
The post OpenAI Is Already Training Its Next-Generation AI Model appeared first on Breitbart.
High mortgage rates are holding back the supply of homes for sale, putting homes out of reach for many Americans.
The post Home Prices Soar to Record High, Squeezing Affordability appeared first on Breitbart.
In a significant move to cement its position in the AI industry, Elon Musk’s xAI has secured $6 billion in Series B funding from investors including Saudi Arabia's Kingdom Holding.
The post AI Hype: Elon Musk Raises $6 Billion in Funding for ‘xAI’ Company appeared first on Breitbart.
During an interview aired on Monday’s broadcast of NPR’s “Morning Edition,” Colorado Gov. Jared Polis (D) stated that the China tariffs announced by President Joe Biden will raise prices and harm the deployment of solar energy because “we need” Chinese
The post Polis: ‘We Need’ Chinese Solar Panels for Green Energy ‘Transition’ So Biden Tariffs Will Raise Prices appeared first on Breitbart.
The cost of illegal immigration is bearing out in the Big Apple and tourists are the latest to foot the bill.
The post NY Times: Migrant Hotels Make Visiting New York City More Expensive than Ever appeared first on Breitbart.
Only a lunatic would cast a sexless girl in a Mad Max movie. Who wants to spend $30 and three hours watching an actress with the body of a 14-year-old boy running around girlbossing?
The post Nolte: ‘Mad Max with Sexless Girlboss’ Drives Memorial Day Box Office to 26-Year Low appeared first on Breitbart.
Just 40 percent of the public approve of Biden's handling of the economy. Trump gets a 62 percent approval rating.
The post Swing State Poll Shows Trump Trouncing Biden on Inflation and Economy appeared first on Breitbart.
A recent study from the University of Michigan has shed light on a critical challenge facing the global transition to electric vehicles: the inability of copper mining to keep pace with the growing demand.
The post Study: The Amount of Copper Needed for EVs Is ‘Impossible for Mining Companies to Produce’ appeared first on Breitbart.
Google’s new AI Overview feature has been generating bizarre and sometimes dangerous responses, a disastrously hasty rollout that has the woke internet giant manually disabling certain searches. For example, the Silicon Valley company's woke AI suggests that pregnent women smoke "2-3 cigarettes per day."
The post Google’s Woke AI Continues Going Crazy, Suggests Pregnant Women Smoke ‘2-3 Cigarettes per Day’ appeared first on Breitbart.
Who invited Bidenflation to the cookout? Hamburger prices are up six percent and hot dog prices up 7 percent.
The post Cruel Summer: Bidenflation Pushes Memorial Day Cookout Costs Up 10% appeared first on Breitbart.
Secretary of Transportation Pete Buttigieg struggled Sunday on CBS' Face the Nation to explain why the Biden administration has only manged to build "seven or eight" electric vehicle (EV) charging stations thus far.
The post Buttigieg Can’t Explain Why Biden Has Only Built ‘Seven or Eight’ EV Charging Stations appeared first on Breitbart.
Nintendo has officially confirmed the inclusion of a transgender character named Vivian in the highly anticipated remake of the classic role-playing game Paper Mario: The Thousand-Year Door for the Nintendo Switch.
The post What Are Luigi’s Pronouns? Nintendo Adds Transgender Character in “Paper Mario: The Thousand-Year Door” Remake appeared first on Breitbart.
Google’s recent introduction of AI-generated overviews in search results has sparked a debate about the accuracy and potential consequences of this new feature as it returns inaccurate and often hilarious responses.
The post Woke AI Gets Stupid: Google’s AI-Powered Search Results Feature Bizarre, Nonsensical Answers appeared first on Breitbart.
Voters worry more about Joe Biden's inflationary and open border policies than Donald Trump's abortion policy, per a poll.
The post Poll: Joe Biden’s Rising Costs, Open Border More Worrisome than Donald Trump’s Abortion Policy appeared first on Breitbart.
The federal government should pay off its self-inflicted debt by selling Americans' valuable citizenship to wealthy foreigners, a Wall Street Journal op-ed published on Thursday states.
The post Wall Street Journal: Auction Citizenships Worldwide to Fund Federal Government appeared first on Breitbart.
The scheme could possibly hamstring a potential Trump administration from revitalizing the economy for American workers.
The post Joe Biden Works to Cement ‘Bidenomics’ into Economy Before Election appeared first on Breitbart.
More than 40 mayors and county officials across the United States are pleading with President Joe Biden to expedite work permits to funnel millions of migrants, released into the nation's interior, into American jobs.
The post Over 40 Mayors Plead with Joe Biden to Create Jobs Program — for Migrants appeared first on Breitbart.
While Wall Street has finally come around to the view that interest rates are likely to stay higher for longer, it may still be underestimating just how high and how long.
The post Breitbart Business Digest: Rates Will Stay Higher for Longer appeared first on Breitbart.
China held a "tourism leadership summit" to entice Americans to spend their money in China, featuring an invite from Xi Jinping.
The post Xi Jinping Invites American Tourists to Save Tanking Chinese Economy appeared first on Breitbart.
Tesla CEO Elon Musk, whose EV company is deeply involved in Communist China, recently expressed his disapproval of the recently announced 100 percent tariff on Chinese-made electric vehicles during the VivaTech conference this week.
The post Comrade Elon: Musk Opposes Tariffs on Chinese EVs appeared first on Breitbart.
California Gov. Gavin Newsom (D) promised in 2023 to deliver 1,200 "tiny homes" to help shelter the homeless in several California cities -- but none has opened yet, according to a report in CalMatters.
The post Report: None of Gavin Newsom’s 1,200 ‘Tiny Homes’ Has Opened, a Year Later appeared first on Breitbart.
Axios reports that insiders close to Schwarzman attribute his return to the Trump camp to rising concerns about antisemitism and dissatisfaction with President Biden's policies.
The post Report: Blackstone’s Schwarzman Jumps Aboard Trump Train appeared first on Breitbart.
Thousands turned out for former President Donald Trump's rally in the Bronx, the Trump campaign announced on Thursday.
The post Trump Campaign: 25,000 Turned Out for Bronx Rally appeared first on Breitbart.
JPMorgan Chase bank has apparently rolled back a policy that led to the de-banking of several conservatives and nonprofit groups.
The post Chase Bank Rolls Back ‘De-Banking’ Policy that Hurt Conservatives appeared first on Breitbart.
Meredith Whittaker, the head of encrypted messaging app Signal, has voiced her concerns about the AI industry’s reliance on mass surveillance and its potential to exert control over our lives.
The post Signal CEO Warns of AI’s Reliance on Mass Surveillance and Control over Our Lives appeared first on Breitbart.
A majority of Americans do not plan to enjoy a summer vacation in President Joe Biden's America, a Fox News poll found in May.
The post Poll: Majority Not Taking Summer Vacation, 73% Cite Lack of Cash in Joe Biden’s America appeared first on Breitbart.
Americans are bracing for a cruel summer as consumer sentiment takes a significant hit, driven the impression that we cannot shake off persistent inflation and the view that the economy is not out of the woods. The University of Michigan’s
The post Cruel Summer: Consumer Sentiment Plummets as Inflation Fears Grip the Nation appeared first on Breitbart.
On Thursday’s broadcast of “NBC Nightly News,” NBC News Business and Data Correspondent Brian Cheung stated that, according to NBC’s new homebuyer index, “it’s been harder to buy a home than any other period in the last decade.” And “the
The post NBC: Buying a Home Harder Than It’s Been in a Decade, Average Home Unaffordable by Nearly $70K appeared first on Breitbart.
A group of several dozen migrants joined liberal Democrat politicians in New York City on Thursday to protest for even more government benefits for "newcomers."
The post Migrants Protest for More Free Government Benefits in New York City appeared first on Breitbart.
Even more than grocery and gasoline prices, fast food prices have exploded across America, hurting President Joe Biden.
The post Nolte: Explosion in Fast Food Prices Hurting Joe Biden in 2024 appeared first on Breitbart.
Migration out of Massachusetts has seen an alarming increase over the last decade as residents flee to Florida and other destinations.
The post Massachusetts Loses Billions in Adjusted Gross Income to Florida Migration appeared first on Breitbart.
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.
As Americans struggle to keep up with the rising tide of prices and feel the squeeze of high interest rates on housing, President Joe Biden continues to claim that the economy is good. “Bidenomics” is working, there’s no recession to see here, so shut up and enjoy the drag queen performances at the White House.
That narrative took a hit back in 2022, however, when America experienced two consecutive quarters of decline in gross domestic product—the traditional definition of a recession. In the first quarter of 2022, inflation-adjusted GDP declined in the U.S. by 1.6%, and it declined by an additional 0.6% in the second quarter of that year.
The Biden administration responded by simply redefining the word “recession.” The move made a bizarre kind of sense coming from a bureaucracy that has redefined what it means to be a woman.
The White House stated in July 2022 that “it is unlikely that the decline of the GDP in the first quarter of this year—even if followed by another GDP decline in the second quarter—indicates a recession.”
The Heritage Foundation, a stick-in-the-mud organization that doesn’t support willy-nilly redefining words to suit the woke movement, decided to get to the bottom of this whole redefining-a-recession nonsense. Heritage’s Oversight Project filed a Freedom of Information Act request in July 2023, asking the Treasury Department for internal communications regarding recessions. (Heritage created The Daily Signal in 2014.)
Treasury asked Heritage to narrow the parameters of the request. It did so. Treasury refused to hand over the documents by the time required by law. Heritage sued. Late last month, Treasury handed over some documents.
The catch? Most of the conversations in those documents have been redacted.
To be sure, we do get little gems like “I’d be glad to discuss tomorrow or Monday,” and “Thank you for forwarding.” These largely meaningless pleasantries are among the few words Treasury apparently deems nonthreatening enough to reveal to the public.
Many pages simply feature a large black box redacting the entire page.
One email shows Treasury staff discussing a quote from the International Monetary Fund stating that a “technical recession” consists of two quarters of economic decline.
“For the United States, some indicators, such as the Federal Reserve Bank of Atlanta’s GDPNow forecasting model, suggest that a technical recession (defined as two consecutive quarters of negative growth) may already have started,” Gene Sperling, a senior adviser to Biden, quoted the IMF in an email on July 26, 2022.
Treasury redacted Sperling’s own words in his email, along with the substance of every email responding to him.
So, Heritage plans to sue again.
“The Oversight Project sued the Treasury Department to seek answers on why the Biden administration gaslit the American people into changing the definition of recession,” Kyle Brosnan, chief counsel at the Oversight Project, told The Daily Signal. “We have received multiple document productions from our lawsuit showing that there were a lot of communications about this change, but excessive redactions have hampered our ability to determine the truth. We intend to challenge these redactions as we progress in the case.”
The Biden administration’s apparent attempt, yet again, to hide the substance of internal discussions about the definition of a recession raises more questions than answers.
Did Treasury officials intentionally twist the definition in order to politically protect Biden in a midterm election year? Did they develop strategies for hiding negative economic news that might interfere with the 2024 election? If they weren’t trying to monkey with the definition of recession, why are they so insistent on hiding that fact?
Perhaps the Biden administration merely wishes to redefine “transparency,” as well.
The post WHAT ARE THEY HIDING? Biden Admin Redacts Its Justification for Altering the Definition of ‘Recession’ appeared first on The Daily Signal.
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.
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