President Joe Biden on Tuesday unveiled steep tariff increases on an array of Chinese imports including electric vehicle batteries, computer chips, and medical products, as he woos American voters who give his economic policies low marks. NTD speaks to China expert Gordon Chang, author of the book “China is Going to War,” for analysis of […]

U.S. producer prices increased more than expected in April amid strong gains in the costs of services like portfolio management and hotel accommodation. NTD speaks to Lance Roberts, chief strategist for RIA Advisors, to break down the numbers.

President Joe Biden on Tuesday unveiled steep tariff increases on an array of Chinese imports including electric vehicle batteries, computer chips, and medical products, in a bid to woo voters who give his economic policies low marks. Producer prices—the cost of goods and services paid by businesses—rose hotter than expected in April, adding to concerns that the U.S. economy […]

The Biden administration announced on Tuesday that it will impose a 100 percent tariff—quadrupling the current 25 percent—on electric vehicles (EVs) imported from China in 2024. In addition to EVs, the White House has significantly increased tariffs on Chinese steel and aluminum products, lithium-ion batteries, and solar cells. According to White House officials, the tariff […]

Uber and Lyft went to court Monday over whether their drivers should be classified as employees instead of independent contractors after similar lawsuits in California and New York. Massachusetts Attorney General Andrea Joy Campbell said they are employees and should receive benefits such as a minimum wage, overtime pay, and earned sick time.

With earnings season almost wrapped up, we take a look back at overall performance with Chief Analytical Officer at S&P Global Ratings Gregg Lemos-Stein. In general, he describes the earnings as sluggish and flatlining. Mr. Lemos-Stein also breaks down, sector-by-sector, which are flourishing and which are struggling. He also explains how high interest rates are […]

China will start raising money to stimulate the economy. this is going to be with its long-awaited, long-term special treasury bonds this week. The finance ministry confirmed that it will be issuing one trillion yuan of special government bonds, more than $138 billion dollars. Shares of videogame retailer GameStop surged nearly 75% on Monday after […]

Workers at Apple’s store in Towson, Maryland, have voted in favor of authorizing a strike, the International Association of Machinists and Aerospace Workers (AIM) said in a statement late on Saturday. The date for work stoppage has yet to be decided, according to the union, which represents Apple’s retail store workers in Maryland. “The issues […]

President Joe Biden is set to announce new China tariffs as soon as next week targeting strategic sectors, including a major hike in levies on electric vehicles (EVs), according to three people familiar with the matter. The full announcement, expected Tuesday, will maintain existing tariffs on many Chinese goods set by former President Donald Trump, according […]

U.S. consumer sentiment sagged to a six-month low in May as households worried about the higher cost of living and unemployment, but economists cautioned against drawing conclusions on the implications for the economic outlook. The larger-than-expected drop in sentiment reported by the University of Michigan on Friday was across all age, income, and education groups […]

U.S. consumer sentiment tumbled to a six-month low in May, as households worried about the higher cost of living and unemployment. President Joe Biden is set to announce new China tariffs as soon as next week targeting strategic sectors, including a major hike in levies on electric vehicles (EVs), according to people familiar with the matter cited by Reuters. Novavax’s stock […]

The FBI is concerned that foreign adversaries could deploy artificial intelligence (AI) as a means to interfere in American elections and spread disinformation, a senior official said Thursday, describing the technology as an area “that’s probably going to see growth over the coming years.” The threat is more than theoretical given the prevalence of AI […]

The number of Americans filing new claims for unemployment benefits rose last week to the highest level in more than eight months, offering more evidence that the labor market was steadily cooling. Mark Hamrick, a senior economic analyst at Bankrate.com, gave his analysis of the job market.

The U.S. House of Representatives has repealed a controversial rule by the Securities and Exchange Commission (SEC). The rule regulated how banks handle digital assets, like cryptocurrencies. Rep. Mike Flood (R-Neb.) originally introduced a resolution to overturn the SEC rule. Mr. Flood spoke with NTD and explained how he felt the agency went around the […]

A new report says a number of U.S. pensions, university endowments, and other institutional investors may have exposure to TikTok’s owner, Byte Dance, according to a new report by a bipartisan advocacy organization Future Union. Lawmakers in the House of Representatives have voted to repeal a controversial crypto rule by the Securities and Exchange Commission. […]

The United States could take “extreme action” and ban Chinese internet-connected vehicles or impose restrictions on them, Commerce Secretary Gina Raimondo said on Wednesday, in the first indication a ban could be on the table after a national security investigation. The Commerce Department is reviewing public comments that were due by April 30, Ms. Raimondo […]

Blackstone Real Estate Income Trust (known as BREIT) is baffling investors. The $59 billion fund has boasted 10.5 percent annual return since its debut in 2017. Competitors on the other hand have fallen in value. Criticism is growing over how the fund values its assets. “Real Estate Guys Radio Show” host Robert Helms weighs in […]

The United States has revoked licenses that allowed companies including Intel and Qualcomm to ship chips used for laptops and handsets to sanctioned Chinese telecoms equipment maker Huawei Technologies, three people familiar with the matter said according to Reuters. NTD speaks to Robert Atkinson, president of the Information Technology and Innovation Foundation, for more analysis.

Crypto exchange FTX will have between $14.5 billion to $16.3 billion to pay its creditors and customers, according to an amended reorganization plan filed by the company on Tuesday in a U.S. bankruptcy court. The United States has reportedly revoked licenses that allowed companies including Intel and Qualcomm to ship chips used for laptops and handsets to […]

The United States Commerce Department stated Tuesday that it has revoked some licenses that allow companies to supply goods, such as computer chips, to sanctioned Chinese telecommunications equipment maker Huawei Technologies. The move comes after the release last month of Huawei’s first AI-enabled laptop, the MateBook X Pro, which is powered by Intel’s new Core […]

A new report reveals that Social Security will run out of money by 2035, and Medicare 2036. Brandon Arnold, the executive vice president of the National Taxpayers Union, is calling for Congress to act now. Mr. Arnold explains why the timeline of the programs’ insolvency has shifted, and what factors are involved. But he say […]

For the first time since it launched, Disney’s video streaming division—which includes Disney+ and Hulu—has reported a quarterly profit. Naveen Sarma, media and telecoms managing director at S&P Global Ratings, says he’s looking beyond the number of subscribers and examining what this means as a whole for the legacy media company. He says he views […]

Apple has unveiled its new iPad lineup. The new iPad Pro is the thinnest yet, with a custom M4 processor chip. Integral’s chief technology expert, Burton Kelso, weighs in on whether the new offers will recharge Apple’s sluggish tablet market. He compares the new features of the iPad Air and iPad Pro. He notes the […]

TikTok sued on Tuesday to block a new law that requires the sale of the app from its Chinese parent company or its ban from app stores and web-hosting services. A new report shows that the Social Security system’s main trust fund will be depleted by 2035—one year later than a prior estimate, though concerns […]

A new report shows that the Social Security system’s main trust fund will be depleted by 2035—one year later than a prior estimate, though concerns remain about the fund’s solvency. The Social Security Board of Trustees released its annual report on May 6 that projects that the Social Security trust fund, which consists of the […]

Warren Buffett takes center stage in Omaha for Berkshire Hathaway’s annual shareholder meeting on Saturday, as investors size up his expected successor and get a better sense of how the conglomerate plans to grow and deploy cash. The meeting is Mr. Buffett’s 60th since he took over Berkshire in 1965. He has largely stopped appearing publicly to […]

French President Emmanuel Macron and EU Commission chief Ursula von der Leyen urged Chinese leader Xi Jinping on Monday to ensure more balanced trade with Europe, but the Chinese leader showed little sign of being ready to offer major concessions. Xi arrived in Europe for the first time in five years, at a time of […]

Warren Buffett assured Berkshire Hathaway shareholders that the executives expected to succeed him were ready for the job, and he heaped praise on Apple although Berkshire trimmed its position in the iPhone maker. The Federal Aviation Administration (FAA) said on Monday it has opened an investigation into the Boeing 787 Dreamliner after the planemaker said some employees […]

Members of the United Auto Workers union ratified a new labor contract with Daimler Truck on Saturday that includes at least a 25 percent general wage increase over the course of a four-year deal. The vote was 94.5 percent in favor of the new contract—which covers more than 7,300 hourly UAW workers—after a tentative agreement […]

WalletHub conducted a nationally representative survey asking students about everything from how peer pressure has affected their spending to how well their schools are educating them about personal finance. To learn more about college students’ attitudes toward money, NTD spoke to WalletHub analyst Cassandra Happe for more.

U.S. job growth slowed more than expected in April, and the increase in annual wages fell below 4.0 percent for the first time in nearly three years. The Labor Department’s closely watched employment report on Friday also showed the unemployment rate rising to 3.9 percent from 3.8 percent in March amid increasing labor supply. The […]

An auditing firm that represents hundreds of clients including Trump Media, which owns former President Donald Trump’s “Truth Social” app, reached a $12 million settlement with the Securities and Exchange Commission (SEC) to settle charges alleging it failed to comply with accounting oversight standards affecting over 1,500 of its SEC filings. The U.S. labor market […]

The Internal Revenue Service is planning to clamp down on tax cheating among the very wealthy. The agency says it will increase audits on people who earn more than ten million dollars per year from 11 percent to 16.5 percent by 2026.

The Coalition for a Prosperous America released a new report to Congress that details the alarming extent to which U.S. asset managers and index providers are actively funneling billions of dollars of U.S. investor capital to Chinese Communist Party-linked companies, including Chinese firms that have been sanctioned by the U.S. government for human rights abuses […]

According to a new report by the watchdog group NGO Monitor, the rise in anti-Semitic violence, incitement, intimidation, and harassment on and around campuses in the United States recently is not the product of spontaneous protests of individuals. Rather, they are tightly coordinated and well-funded by a network of non-governmental organizations. NTD speaks to Gerald […]

A former quality auditor at a Boeing supplier died suddenly this week after struggling with a “sudden, fast-spreading infection,” the Seattle Times reported on May 1. U.S. stocks rallied on Thursday as investors weighed the Federal Reserve’s more dovish-than-expected interest rate guidance on Wednesday against a plethora of mixed earnings and economic data. A U.S. […]

The looming U.S. presidential election will not influence the Federal Reserve’s interest rate decisions, Fed Chair Jerome Powell said on Wednesday, adding that policymakers were “at peace” with keeping political considerations out of their decision-making process. Speaking at a news conference after the end of the U.S. central bank’s latest policy meeting, Mr. Powell said […]

The Federal Reserve on Wednesday said it would leave interest rates unchanged and announced plans to slow the speed of its balance sheet drawdown, after having spent much of the earlier part of the year warning of this shift. Sam Burns, chief strategist at Mill Street Research, gave his analysis on this issue.

President Joe Biden on Wednesday announced the approval of more than $6.1 billion in student loan debt relief for nearly 317,000 borrowers who were enrolled at any Art Institutes campus from January 2004 until October 2017. The measure brings the total amount of student loan debt relief put in place by the Biden administration to […]

How much money does Beijing actually spend on its military? A new report reveals shocking estimates. The Biden administration is sending a new signal to American businesses: “not to operate” in Xinjiang. That’s amid Washington’s efforts to press Beijing to stop human rights violations in the region. In Georgia, a bill banning Chinese agents from […]

The Federal Reserve left interest rates unchanged at their highest levels in 23 years as monetary policymakers have observed “a lack of further progress” toward the central bank’s 2 percent inflation target. Regulatory filings show that former President Donald Trump increased his stake significantly in the company behind his social media platform Truth Social, with the former […]

A new S&P Global report says U.S. private auto insurers are seeing record levels of underwriting losses. There are a number of factors contributing to this, according to Patty Kwan, S&P Global Ratings director. This includes an increase in distracted driving, poor road conditions, higher costs to repair cars, and increased medical claims. The U.S. […]

Binance founder Changpeng Zhao was sentenced Tuesday to four months in prison for allowing rampant money laundering on the world’s largest cryptocurrency exchange. Elon Musk has dismissed two Tesla senior executives and plans to lay off hundreds more employees, frustrated by falling sales and the pace of job cuts so far, The Information reported on Tuesday, citing […]

Several of the nation’s largest cellphone carriers have been collectively fined $200 million by the Federal Communications Commission (FCC) for illegally sharing access to customer location data without consent and failing to protect that information from unauthorized disclosures. In an April 29 press release, the FCC said that T-Mobile, AT&T, Sprint, and Verizon violated the […]

JASPER COUNTY, INDIANA—Dave Duttlinger’s first thought when he saw a dense band of yellowish-brown dust smearing the sky above his Indiana farm was: I warned them this would happen. About 445 acres of his fields near Wheatfield, Indiana, are covered in solar panels and related machinery—land that in April 2019 Duttlinger leased to Dunns Bridge […]

The yen jumped against the dollar on Monday, with traders citing yen-buying intervention by Japanese authorities. The dollar tumbled to a low of 154.40 yen from as high as 160.245 earlier in the day. Banking sources said Japanese banks were seen selling dollars for yen. Traders had been on edge for weeks for any signs of action from […]

A new AARP survey found that one out of five Americans ages 50 and over have no retirement savings. Lawrence Sprung, founder of Mitlin Financial, says it’s never too late to start saving. He says it all depends on your goals. From there, you must plan and budget. He also says retirement doesn’t mean you […]

An April small business report found 43 percent of small business renters were late on their rent or could only pay part of their payment. Alignable conducted the survey. It found that small business owners say rent is higher, costs have increased, and revenue is declining. Nearly 70 percent of businesses formed before the pandemic […]

TikTok’s Beijing-based owner ByteDance denied media reports of selling the platform as the company faces a mandate to either divest the firm or be banned from the United States. “Foreign media reports that ByteDance is exploring the sale of TikTok are untrue,” the company said in an April 25 statement on news aggregation app Toutiao, […]

Oil prices rose on Friday, drawing support from concerns about tensions in the Middle East, but gains were capped by a rise in the dollar after U.S. inflation data dampened hopes the Federal Reserve would cut interest rates soon. Denton Cinquegrana, chief oil analyst at Oil Price Information Service, tells NTD where oil prices are […]