Economy

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Biden Spending $300 Million on Sanctuary Cities

Millions of illegal immigrants have entered the country during the Biden administration, posing significant economic and social challenges.

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Elon Musk Says Congress Has Inquired About X’s Actions in Brazil

The owner of X challenged a court order in Brazil requiring the removal of certain accounts on the social media platform.

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Musk Says Starlink Will Be Free for Brazil Schools If Government Cancels Contract

Many schools in Brazil reportedly use the company to provide internet access to their citizens.

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Biden to Announce Student Debt Relief Plan for Millions of Americans

The Biden administration aims to begin canceling interest balances for borrowers early this fall, before the election.

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US Adds 303,000 New Jobs in February as Unemployment Rate Remains Below 4 Percent

The labor market remains solid, proving to be a challenge for the Federal Reserve.

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Amazon Is Cutting Hundreds of Jobs in Its Cloud Computing Unit AWS

Amazon said Wednesday it’s cutting hundreds of jobs in its cloud computing unit AWS as part of a strategic shift. The company will trim “a few hundred roles” in the team that overlooks technology for physical stores, a move that comes just a day after Amazon said it was ditching Just Walk Out technology in […]

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Biden’s Greenhouse Gas Emissions Rule for Vehicles Struck Down by Texas Judge

Judge James Hendrix said the Biden administration lacked authority under law to impose the gas emissions rule.

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White House Approves $60 Million in Aid for Baltimore Key Bridge Collapse

The devastation left behind after the powerless cargo ship struck a critical bridge support pillar is extensive.

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Biden Administration Takes a Swipe at Credit Card Industry

Commentary The Biden administration regulators see a monopoly boogeyman behind the curtain of nearly every business merger and acquisition—from airlines to cellphones to chicken producers. Now they’re trying to stop Capital One from acquiring the credit card company Discover. That’s a bizarre cease-and-desist order, because this acquisition by Capital One would INCREASE rather than inhibit […]

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California’s Average Gas Price Reaches $5 a Gallon

The state’s price has hit $4.99, 17 cents more than last year. In Los Angeles and San Francisco it’s even higher.

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Audi Issues 2nd Recall for Battery Fire Risk

The company warned its high voltage battery could experience a ‘thermal overload’ if charged to maximum capacity.

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Recession and Inflation: More Likely for Both Be Present Than Both Absence

Commentary While the Federal Reserve and Janet Yellen thought they had overcome high inflation, inflation began to bottom out but now has signs to reflate. This is exactly the story of stagflation in the 1970s, where, at that time, the Federal Reserve also thought it had overcome inflation but, in fact, had not. Inflation is […]

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Tesla Exits Australia’s Car Lobby Group Over Emissions Stand-Off

The car lobby has opposed the Labor government’s new vehicle emissions scheme as it would drive up car prices, but Tesla said the lobby has ‘misled’ consumers.

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California moves to allow illegals immigrants to ‘buy’ homes with no payment, zero-down loans

The bill allows illegal immigrants to qualify as first-time home buyers and get loans up to 20 percent of the price of a house and the loan does not accrue interest or require monthly payments.

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American Airlines Places Its Biggest Plane Order in More Than a Decade

NEW YORK—American Airlines on Monday unveiled its biggest plane order since 2011, buying 260 new jets from Airbus, Boeing, and Embraer as it looks to increase earnings by capitalizing on booming demand for premium travel. The deal includes 85 Airbus A321neo jets, 85 Boeing 737 MAX 10s, and 90 Embraer E175 aircraft. The order also […]

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Amazon to Be Added to the Dow Jones Industrial Average, Replacing Walgreens Boots Alliance

NEW YORK—Amazon.com Inc. is being added to the Dow Jones Industrial Average, joining Apple, Walt Disney, Walmart and other companies that make up the 30-stock average. The e-commerce giant will replace drugstore operator Walgreens Boots Alliance in the Dow before the open of trading on Monday, S&P Dow Jones Indices said Tuesday. The shift was […]