Tag: Business & Markets

[PREMIERING 7:30PM ET] Aaron Siri on Missouri v. Biden, First Amendment Jurisprudence, Basic Freedoms, Separation of Powers | ATL:NOW

“I think this might be one of the most consequential decisions in First Amendment jurisprudence in 200 years. You have a federal judge, in a case brought by two states in America—so, two attorney generals: Missouri and Louisiana—saying that the federal government has violated the First Amendment of the United States Constitution by colluding widely…


Big Makeup Brand Faces Boycott Calls for Using Bearded Man in Lipstick Ad

Maybelline, the world’s biggest cosmetic brand, is facing a deluge of boycott calls over its marketing partnership with a bearded makeup artist who was featured in an ad trying on lipstick. The advertisement, which was posted on Maybelline’s Instagram account on July 12 to coincide with Amazon Prime Day, shows social media influencer Ryan Vita…


Ford Slashes Prices on F-150 Electric Pickup Truck

Ford on Monday confirmed it is slashing prices for its F-150 Lightning truck due to lower battery costs. The Detroit-based automaker, which had raised Lightning prices earlier this year, said it was able to cut prices following improvements in scale and battery raw material costs. It came after Ford’s EV sales dropped 2.8 percent earlier…


Is Inflation Over? Ask Your Pocketbook

Commentary There was much rejoicing last week as June’s headline CPI (Consumer Price Index) came in at 3 percent, the lowest level of overall price level growth since March 2021. Financial media declared that the United States has entered “disinflation mode” and that the season of post-pandemic inflation was nearing an end. The previously scorned…


Tesla Builds Its First Cybertruck Two Years Behind Schedule

Tesla produced its first Cybertruck off the assembly line in Austin, Texas, over the weekend after two years of delays. The first Cybertruck finally rolled off the factory line on July 15 to much celebration at Tesla’s Gigafactory. Tesla CEO Elon Musk first announced the first prototype of the electric pickup truck back in 2019 to great…


‘Extraordinarily Sensitive’ Personal Data Handed Over to Meta by Tax-Preparation Firms: Report

Three tax-preparation companies have shared sensitive personal information of millions of taxpayers with Meta and other Big Tech companies like Google, according to a new report by congressional Democrats. The tax-prep companies—TaxAct, H&R Block, and TaxSlayer—are said to have “shared millions of taxpayers’ data with Meta, Google, and other Big Tech firms” using computer code…


Tax Break Vanishing for Some Retirement Savers

A popular tax break in the form of being able to make so-called “catch-up” contributions to 401(k) retirement savings plans is set to vanish for many higher-earning Americans at the end of this year. Catch-up contributions refer to a provision in 401(k) plans that allows individuals aged 50 and above to contribute extra money to…


[PREMIERING 7/18, 7:30PM ET] ‘A Fool’s Bargain’—Robert Lighthizer on the US-China Trade Relationship and How to Strategically Decouple

“The economic growth of China is largely a wealth transfer from the United States,” says Robert Lighthizer. “You’re transferring the wealth of our children and grandchildren and their children overseas.” Mr. Lighthizer served as the U.S. Trade Representative in the Trump administration and also served as deputy trade representative in the Reagan administration. In this…


Why US Citizens Should Not Accept 3 Percent Inflation

Commentary The recent University of Michigan survey’s reading of one-year inflation expectations rose to 3.4 percent in July from 3.3 percent in June. The five-year outlook also increased to 3.1 percent from 3.0 percent in the previous month. There is a mainstream narrative that is spreading throughout the financial media: We must accept 3 percent…


New Zealand Says Trade Deals With UK, EU Offer ‘More Favorable Terms’ Than China

New Zealand’s leader said that while his country has “sizable economic interests” in China, it also sees “high-value markets” through free trade agreements (FTAs) with the United Kingdom, European Union, and an Asia-Pacific trade group. Prime Minister Chris Hipkins made the remarks at the China Business Summit in Auckland on July 17, in which he…