April 24, 2024

Breitbart Business Digest: Powell Speaks and States the Obvious—No Rate Cuts Are Coming

Powell’s Progress 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 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,”

Breitbart Business Digest: A Tax Day Reminder That Elections Matter

Tax Day Cometh… We made it, fam! It’s another Tax Day. For some, April 15 is a day that can fill an American citizen with pride. It shouldn’t. 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 ‘stay in business that long’

A Seattle comedy club canceled four comics because they didn’t align with its neighborhood’s “progressive values” — leading one of the funnymen to predict the club would go out of business. The Capitol Hill Comedy Bar, which celebrates the “vibrant voices of the queer community” with a weekly “Queers to the front” open mic. had […]

‘Blood Money’: The Biden Family Bagged $5M from Business Partner of ‘White Wolf’ Chinese Criminal Gang Leader Who Helped Create the Fentanyl Pipeline Decimating America

Fatih Aktas, Spencer Platt, Jim Watson/Getty Images; CEFC; BNN The Biden family bagged $5 million from the business partner of the “White Wolf,” 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

This Is What It Sounds Like When Doves Laugh “It would be premature to conclude with confidence that we have achieved a sufficiently restrictive stance, or to speculate on when policy might ease.” 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?

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 confidence—as measured by the Conference Board’s monthly survey—surged 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

A longtime San Francisco business owner is facing “financial ruin” after “widespread drug use, violence and filthy streets” destroyed his neighborhood, making it impossible to keep his companies afloat. Mark Sackett, owner of multiple businesses, including a “South 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

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

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

A Choose Your Own Adventure Jobs Report The conventional wisdom about Friday’s 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 Street’s 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

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?

A Choice Not an Echo on the UAW Strike Think of tonight’s 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’

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

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

From J-Hole to the Fox Holes There’s a clash coming between the Federal Reserve and the Biden administration. President Joe Biden has been touting what he says are the accomplishments of “Bidenomics.” 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

President Joe Biden’s involvement in his family business warrants investigation, Washington Post columnist Henry Olsen wrote, changing his tune on a scandal he previously dismissed as an “irrelevant sideshow.” Years after Senate Republicans issued the 2020 Senate report detailing the Biden family business, Olsen wrote that he “changed” his mind on the Biden family scandal because of “more

Breitbart Business Digest: The Recession Will Have to Wait Till Next Year

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 Fed’s aggressive rate hikes than most analysts had projected. What’s 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’

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 […]

Exclusive — Whip Tom Emmer: Joe Biden ‘Clearly Lied’ About His Involvement in Hunter’s Business Dealings

House Majority Whip Tom Emmer (R-MN) told Breitbart News in an exclusive statement that President Joe Biden “clearly lied” about his involvement in Hunter Biden’s business dealings. “Joe Biden clearly lied to the American people about his involvement in his son’s corrupt business dealings,” Emmer said in a statement to Breitbart News. “The Biden family’s

James Comer to Begin Deposing Biden Business Associates  

The House Oversight Committee is set to begin deposing Biden family business associates in the coming weeks and months, Chairman James Comer (R-KY) forecast. Comer said Devon Archer, one of Hunter Biden’s top associates, will be the first member deposed to unravel the family’s international business schemes. A source with knowledge of the committee’s schedule told

BlackRock Driving Business Into The Arms of The New World Order

BlackRock is a critical tool of the deep state in bringing big business into the new world order, explains The New American’s senior editor Alex Newman in this episode of Behind The Deep State. BlackRock, with about 10 trillion dollars under management, is one of the top stakeholders in virtually every company you can think […]

Joe Biden Says ‘No,’ He Didn’t Lie About Talking Business with Hunter Biden

President Joe Biden said Monday he did not lie in his repeated claims of never speaking with Hunter Biden about the family’s international business deals — despite mounting evidence to the contrary. After hosting an event in the East Room at the White House about the nation’s economic challenges, Fox News’ Jacqui Heinrich asked President Joe Biden, “Did

Senate Report: Biden Business Received $5.1M Within 10 Days of Hunter Biden’s WhatsApp Text While ‘Sitting’ Next to Dad

The 2src2src Senate report on the Biden family business revealed Hunter Biden-linked bank accounts received $5.1 million in payments from a Chinese business partner, Henry Zhao, within ten days of just-revealed texts in which he demands payment using proximity to his father as a cudgel. Henry Zhao, influential in forming a Chinese investment fund, had deep ties to Chinese intelligence, according

Yet Another Piece Of Evidence Contradicts Biden’s Claim He Knew Nothing About Hunter’s Foreign Business Deals

Text messages and witness testimony released by the House Ways and Means Committee on Thursday contradicts President Joe Biden’s earlier claims that he was unaware of his son Hunter Biden’s business deals with foreign entities. Hunter Biden, who recently agreed to plead guilty to federal tax and gun crimes, was under investigation by the Internal

White House Claims Biden Family Business Represents ‘No’ National Security Threat

John Kirby, National Security Council coordinator for strategic communications, denied on Monday the Biden family’s business schemes represent a national security threat despite admitting he had not read the House Oversight Committee report on the matter. In May, the House Oversight Committee’s probe found the Biden family business over the course of several years received at least $1src

Breitbart Business Digest: The Case Against Recession Is Building

Some Constructive Criticism of the Recessionista Thesis “The house don’t fall when the bones are good,” we are instructed by that sage of Arlington, Texas, and Nashville, Tennessee, Marin Morris. The bones of the U.S. economy are looking good as we hurtle toward the warming months, which means the house of the U.S. economy is

Biden gets a rare hand from Big Business in quest to ease consumer pain

Just weeks after President Joe Biden used his State of the Union to call for crackdowns on insulin prices and “junk fees,” a handful of companies are starting to comply on their own. | J. Scott Applewhite/AP Photo President Joe Biden’s campaign against high consumer costs is getting a boost from an unexpected source: corporate

Breitbart Business Digest: The Fed’s 2023 Map Is Not the Territory

iStock/Getty Images The Federal Reserve plotted a course for next year that includes sluggish growth, declining yet persistently high inflation, and at least a few more interest rate hikes. It’s a good idea to study this Fed map closely, but it is also prudent to remember that the map is not the territory. The Fed

Election Denier Hakeem Jeffries Dismisses Biden Family Business Scandal

Chip Somodevilla/Getty Images House minority leader and election denier Rep. Hakeem Jeffries (D-NY) dismissed one of the greatest scandals in United States’ history — the Biden family business dealings and the censorship conspiracy surrounding reporting of it — in a statement the congressman made Thursday. Speaking at a press conference about the Republican’s efforts to

Oversight Chair James Comer Ready to Investigate ‘Anyone’ in Business with the Bidens

House Oversight Committee Chairman Rep. James Comer (R-KY) said on Monday that he is prepared to investigate “anyone that was in business with the Bidens,” as the committee prepares to hold its first public hearing relating to its investigation of President Joe Biden. Speaking with reporters at the National Press Club, Comer said he expects