A No Good, Very Bad, Horrible Jobs Report If you squint at the latest jobs report, you might find something to cheer about. But if you look at it with clear eyes, what you really see is an economy downshifting and bracing for impact. The Bureau of Labor Statistics told us Friday that employers added
Breitbart Business Digest: U.S. Native-Born Workers Work More Intensively Than Immigrants
August 21, 2024 by
The Assimilation of Immigrant Workers into U.S. Workers The image of the hardworking immigrant is one of the most enduring narratives of the American experience. Unfortunately, new research suggests this is more of a myth than reality. And the reality means that the damage to workers at the lower-end of our economy is likely to
Breitbart Business Digest: Kamala Harrisâs Inflationary Legacy
August 15, 2024 by
Inflationâs Architect: Kamala Harris and the 21% Grocery Price Hike Inflation is the gift that keeps on givingâif youâre in the business of writing headlines, that is. For everyone else, especially those navigating the grocery aisles, itâs an unwelcome houseguest that refuses to leave. And who, you might ask, sent out the invite? Enter Kamala
Italy’s Meloni Signs Three-Year ‘Action Plan’ with Communist China to Bolster Business Ties
August 5, 2024 by
BEIJING (AP) â Italy and China signed a three-year action plan on Sunday to implement past agreements and experiment with new forms of cooperation, Italyâs Prime Minister Giorgia Meloni said on an official visit to the Chinese capital. Meloni is trying to reset relations with China as fears of a trade war with the European
Breitbart Business Digest: Debate Showed Biden Still Trapped in His Old Economic Lies
June 29, 2024 by
Biden Lives in a World of Economic Lies President Biden demonstrated again last night that he is completely untethered from the truth about the American economy and unprepared to discuss the nationâs economic challenges. All the public opinion surveys show that inflation is the top issue for voters, so it was natural that the CNN
Breitbart Business Digest: Juneteenth Gloom Is in the Air, Especially for Democrats
June 28, 2024 by
Itâs Juneteenth. You MUST Celebrate. Happy Juneteenth to those who celebrate, which is everyone on Wall Street, apparently. Markets were closed today, but we wanted to give you a Breitbart Business Digest anyway. Juneteenth, which is also known as âEmancipation Day,â commemorates the day in 1865 when Union soldiers informed black Americans in Galveston, Texas
Cannabis cops uproot illegal weed shop in heart of Queens business district
May 13, 2024 by
The cityâs cannabis cops have raided and shuttered an illegal pot shop in the heart of a Queens neighborhoodâs business district as part of Mayor Eric Adamsâ newly announced crackdown on scofflaws. The Big Apple Sheriffâs Office and NYPD closed the unlicensed âWestern Greenâ smoke shop at 81-27 Lefferts Blvd. in Kew Gardens on Thursday. […]
Judge blocks rule capping credit card late fees at $8 in win for business groups
May 11, 2024 by
A federal judge in Texas on Friday blocked the Consumer Financial Protection Bureauâs new rule for an $8 cap on credit card late fees, a victory for business and banking groups that said the regulator exceeded its authority. US District Judge Mark Pittman in Fort Worth issued a preliminary injunction against the rule, which was scheduled to take effect on May 14. […]
Breitbart Business Digest: Nvidia and the AI Gold Rush
April 29, 2024 by
A Rose by Any Other Name Would Smell as Sweet, But Nvidia Smells Like Money The joke going around the desks of financial advisers this week has a young girl asking her father about her name. âDad,â says the daughter. âWhy is my middle name Rose?â âItâs because your mother loves roses more than almost
Breitbart Business Digest: All Eyes Turn to This Week’s Inflation Report
April 26, 2024 by
The Jobs Report Was Inconclusive, So the Nationâs Eyes Turn to CPI Last weekâs inconclusive jobs data means that this weekâs inflation data has the potential to be very consequential. The Department of Labor reported that the economy added a much higher-than-expected 275,000 jobs in February, according to the establishment survey, but there were large
Breitbart Business Digest: Inflation Is Back and Rising Again
April 26, 2024 by
Weâre No Longer Headed Toward the âLast Mileâ on Inflation Inflation accelerated for the fourth straight month in February, confirming the upward momentum in prices and further undermining the case for rates cuts from the Federal Reserve this year. The consumer price index (CPI) rose 0.4 percent from January, a tick above the 0.3 percent
Breitbart Business Digest: Immigration Will Not Lower Inflation
April 25, 2024 by
Border Chaos Has Added Millions of Foreigners to Labor Force Immigration is not going to bail America out of our inflation mess. The United States is experiencing an enormous surge of migrants. The Department of Labor says that the labor force has increased by 4.6 million foreign born workers during the Biden administration, including an
Breitbart Business Digest: Powell Speaks and States the ObviousâNo Rate Cuts Are Coming
April 17, 2024 by
Powellâs Progress Jerome Powell spoke today from our nationâs capital and indicated what we all know to be true: The Fed has no business cutting rates at this time. âThe recent data have clearly not given us greater confidence and instead indicate that it is likely to take longer than expected to achieve that confidence,â
Breitbart Business Digest: A Tax Day Reminder That Elections Matter
April 16, 2024 by
Tax Day Cometh⌠We made it, fam! Itâs another Tax Day. For some, April 15 is a day that can fill an American citizen with pride. It shouldnât. Your money is almost certainly getting squandered by the federal government in ways both well known and mysterious. (If you need examples, see Breitbart.com literally any day
Comic predicts woke Seattle club that canceled him will not âstay in business that longâ
March 3, 2024 by
A Seattle comedy club canceled four comics because they didnât align with its neighborhoodâs âprogressive valuesâ â leading one of the funnymen to predict the club would go out of business. The Capitol Hill Comedy Bar, which celebrates the âvibrant voices of the queer communityâ with a weekly âQueers to the frontâ open mic. had […]
âBlood Moneyâ: The Biden Family Bagged $5M from Business Partner of âWhite Wolfâ Chinese Criminal Gang Leader Who Helped Create the Fentanyl Pipeline Decimating America
February 27, 2024 by
Fatih Aktas, Spencer Platt, Jim Watson/Getty Images; CEFC; BNN The Biden family bagged $5 million from the business partner of the âWhite Wolf,â a Chinese criminal gang leader who helped create the fentanyl pipeline now decimating the United States, Peter Schweizer detailed in his new book, Blood Money: Why the Powerful Turn a Blind Eye While
Breitbart Business Digest: Jerome Powell Plays Rate Cut Santa Claus
February 13, 2024 by
This Is What It Sounds Like When Doves Laugh âIt would be premature to conclude with confidence that we have achieved a sufficiently restrictive stance, or to speculate on when policy might ease.â Fed Chairman Jerome Powell spoke those words on December 1 at a fireside chat at Spelman College. The markets rejected that idea
Breitbart Business Digest: Is Improved Consumer Sentiment All About Democrats Hating Trump?
January 30, 2024 by
The Shaky Edifice of Improved Consumer Confidence Americans are feeling better about the economy than they have in years. Or at least Democrats are. Consumer confidenceâas measured by the Conference Boardâs monthly surveyâsurged to a two-year high in January, the third straight monthly increase. The assessment of current economic conditions soared to the best reading
‘They Don’t Even Return My Calls’: San Francisco Business Owner Blames City Leaders for Letting Criminals Ruin Area
January 27, 2024 by
A longtime San Francisco business owner is facing âfinancial ruinâ after âwidespread drug use, violence and filthy streetsâ destroyed his neighborhood, making it impossible to keep his companies afloat. Mark Sackett, owner of multiple businesses, including a âSouth of Market building with a printmaker, antiques shop and events venue called the Box SF for almost
Censorship Industry: ‘Business Booming’ for Ex-Facebook ‘Disinformation’ Experts amid Wars
November 19, 2023 by
AP Photo/Alex Brandon, File A new report in CNBC confirms what many observers, including the House Judiciary Committee, have noticed: online censorship has become a global industry, worth billions of dollars. And with two major wars underway, one in Ukraine and one in the Gaza Strip, that industry is reportedly set to expand. According to
Breitbart Business Digest: Wall Street Expects More Cuts Than the Fed Does
November 8, 2023 by
Wall Street Is a Haven for Doves Wall Street has not let go of its conviction that the Federal Reserve will cut interest rates next year. When Federal Reserve officials met last month, their Summary of Economic Projections showed a median expectation for the target rate to be 5.6 percent at the end of this
Breitbart Business Digest: What the Jobs Report Means for 2024
October 2, 2023 by
A Choose Your Own Adventure Jobs Report The conventional wisdom about Fridayâs disappointing jobs data was that there was a little something for everyone. And, for once, the conventional wisdom is right. The headline jobs number fell below Wall Streetâs expectations, suggesting a softening of the labor market. The average workweek slipped as well, which
Breitbart Business Digest: Declining Job Openings May Help Bring Down Inflation
September 28, 2023 by
A Soothing JOLTS The doves got everything they could have wished for out of the Job Openings and Labor Turnover Survey (JOLTS) on Tuesday. Job openings fell to 8.827 million in the August report, which estimates vacancies as of the last business day of July. This is the first time openings have fallen below 9
Breitbart Business Digest: Can Republicans Meet the UAW Strike Challenge?
September 27, 2023 by
A Choice Not an Echo on the UAW Strike Think of tonightâs debate as test of whether the GOP will offer the American people a choice for which party can defend workers best or an echo of a misremembered past. The Republican Party has talked a very good game in recent years about representing the
Mel Gibson’s ‘John Wick’ TV series casting defended by director after backlash: ‘Not my business’
September 21, 2023 by
The director of “The Continental: From the World of John Wick” defended casting Mel Gibson in the prequel TV series, saying “personal life stuff” is not his business. Albert Hughes, who directed two of the three upcoming episodes, chose Gibson through the “usual” process. “I cast [Gibson] based on his past work that I grew […]
LAURA INGRAHAM: Nobody believes Biden didn’t know about Hunter’s business dealings
September 1, 2023 by
Not a single adult alive with any normal brain activity believes this. The line that Joe Biden wasn’t aware of his son’s business dealings is undercut by Biden’s own life story. Now, from his own words and his own actions, we see that his family means everything to him. Their closeness has been chronicled in […]
Breitbart Business Digest: Powell’s Jackson Hole Speech Gives a Whiff of a Clash with Biden White House
August 25, 2023 by
From J-Hole to the Fox Holes Thereâs a clash coming between the Federal Reserve and the Biden administration. President Joe Biden has been touting what he says are the accomplishments of âBidenomics.â He has claimed credit for inflation coming down, the strength of the jobs market, and investment in domestic manufacturing and infrastructure. He celebrates
Washington Post Columnist Changes Mind, Says Biden’s Role in Family Business Warrants Investigation
August 24, 2023 by
President Joe Bidenâs involvement in his family business warrants investigation, Washington Post columnist Henry Olsen wrote, changing his tune on a scandal he previously dismissed as an âirrelevant sideshow.â Years after Senate Republicans issued the 2020 Senate report detailing the Biden family business, Olsen wrote that he âchangedâ his mind on the Biden family scandal because of âmore
Breitbart Business Digest: The Recession Will Have to Wait Till Next Year
August 21, 2023 by
Wait Till Next Year The most heralded recession in American history will probably not arrive until next year. The U.S. economy is turning out to be far more resilient in the face of the Fedâs aggressive rate hikes than most analysts had projected. Whatâs more, several of the big risks that were threatening to drag
PAID TO FAIL? San Diego business owner criticizes costly plan to buy hotels to house homeless, ‘huge failure’
August 8, 2023 by
A San Diego business owner and CEO is skeptical city leadership’s plan to turn four hotels into housing for homeless people will foster lasting results. “They’re just trying to clean up a little bit of the people and get them out of the public’s vision so they can get voted back in,” Kate Monroe told […]