Business

Former Biden Treasury Department official Brent Neiman slammed the Trump administration on Monday for citing his research paper on tariffs, saying the White House "got it wrong."In a New York Times guest essay, the economist addressed the fact that the Trump team cited him and three other experts’ study on tariffs to justify its own reciprocal tariff policy. However, Neiman insisted that President Donald Trump’s tariffs are much higher than […]

New government data shows that rising government spending on entitlement programs is outpacing tax receipts and contributing to income growth.Data from the Bureau of Economic Analysis (BEA) showed that private wages grew by $67 billion in the early months of 2025, while government payments to Americans through social programs increased by $162 billion.In January and February, the BEA's data showed that workers in private industries saw income from wages and salaries […]

Microsoft reportedly fired an employee who disrupted the company’s 50th anniversary celebration event to voice their opposition to its work supplying artificial intelligence technology to Israel.While two employees protested at the event, a Microsoft spokesperson told Fox Business that one employee "resigned and the other was "let go."As Microsoft AI CEO Mustafa Suleyman spoke at the event, Ibtihal Aboussad began shouting at him, accusing him of being "a war profiteer." […]

Variety Wholesalers is looking to open a handful of Big Lots locations on Thursday in the first of "four waves of openings" it has planned for the discount retailer’s stores it bought. The company detailed the plan late last week, saying the "first wave" will include nine stores across Kentucky, Louisiana, Mississippi, North Carolina, Tennessee and Virginia.Customers can expect "remodeled stores, a large selection of closeout deals and new merchandise categories" […]

BlackRock CEO Larry Fink said that the stock market could see declines deepen by another 20% amid uncertainty over President Donald Trump's tariffs and that CEOs are telling him they think the U.S. economy is likely already in a recession."Most CEOs I talk to would say we are probably in a recession right now," Fink told the Economic Club of New York on Monday. Tariffs are expected to make a wide […]

Former Home Depot CEO Bob Nardelli called the stock market’s response to President Donald Trump’s tariffs an "over-reaction" on Monday and argued they will be very beneficial for the economy going forward.The stock market has taken a major hit since Trump announced wide-sweeping tariffs across multiple countries that are set to go into effect this week. Although fears of a recession have spiked as a result, Nardelli told "America Reports" […]

The International Brotherhood of Teamsters is launching a new billboard campaign blasting United Airlines for outsourcing their aircraft maintenance to China. The campaign will include billboards in Chicago at Willis Tower and O'Hare International Airport, as well as one at Newark International Airport and the United Airlines Flight Training Center in Denver. "Would you trust a majority Chinese-owned company with aircraft repairs?" the billboard ad questions. "United Airlines does."The campaign comes […]

U.S. markets have fallen since President Donald Trump announced reciprocal tariff policies last week. Despite the market decline over the past week, some money managers have held a strong belief that the president’s intentions will benefit U.S. markets and the economy long-term."Global markets sold off, partially in response to our market selloff on Friday. Expect to see a relief rally very soon. However, we won’t start our recovery until we get more clarity […]

With its third season wrapping up last night, "The White Lotus" has easily become one of the most talked-about television shows of 2025. Though the range of experience among the actors in the HBO series varies, every cast member shares one thing in common: their salary. In a new interview with The Hollywood Reporter, the names behind the show explain why veteran actors and newcomers are getting paid the exact same […]