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Browsing: Business

Business

Housing expert warns pre-pandemic affordability levels may never return in America

For years, home buyers have been told the housing market would eventually "normalize" — meaning if mortgage rates came down or inventory improved, aff...

Business

Trump administration greenlights Nvidia AI chip exports to China

The Trump administration formally greenlit Nvidia exports Tuesday, allowing the tech giant to ship its artificial intelligence chips to China and othe...

Business

Ford worker suspended for calling Trump 'pedophile protector' has 'no regrets' for 'embarrassing' president

The autoworker who was suspended for calling President Donald Trump a "pedophile protector" during the president's visit to a Ford plant in Michigan o...

Business

Report reveals which Costco items can pay for the annual membership

A handful of discounted staples can effectively offset the cost of a Costco membership, according to a recent report on the retailer’s biggest savings...

Business

Chipotle clarifies Bill Ackman 'not affiliated' with chain after billionaire's ICE agent donation

Chipotle moved to distance itself from billionaire hedge fund manager Bill Ackman after he donated to a fundraiser aimed at supporting the ICE agent i...

Business

LARRY KUDLOW: Booming in Detroit

President Trump gave an optimistic stemwinder of a speech, in front of the Detroit Economic Club, proclaiming a Trump boom that has started sooner and...

Business

JPMorgan CFO warns Trump's proposed credit card cap could cause people to 'lose access to credit'

JPMorgan CFO Jeremy Barnum warned Tuesday that President Donald Trump's push to put a 10% cap on credit card interest rates could hurt the broader eco...

Business

Trump calls for 'jerk' Powell to lower interest rates after latest inflation data

President Donald Trump on Tuesday touted the release of fresh inflation data from December that showed price growth has held steady, saying that trend...

Business

Meta cuts over 1,000 jobs in major metaverse retreat

Meta Inc. is beginning to cut 10% of employees, or more than 1,000 jobs, from its Reality Labs division as it shifts its investment away from metavers...

Business

Jamie Dimon warns Federal Reserve subpoena 'not a good idea'

JPMorgan Chase CEO Jamie Dimon said Tuesday that Justice Department grand jury subpoenas issued to the Federal Reserve risk undermining the central ba...

Business

Data center boom powering AI revolution may drain US grids — and wallets

The rapid expansion of artificial intelligence (AI) data centers is raising alarms over how much power and water they consume — and what that could me...

Business

Starbucks terminates employee over pig drawing incident involving LA County deputy

A Starbucks barista who handed a Los Angeles County sheriff’s deputy a coffee cup with a pig drawn on it has been let go, the world-famous coffee hous...