Business

O’Leary Ventures Chairman and "Shark Tank" co-host and investor Kevin O’Leary directed blistering criticism of New York City mayoral candidate Zohran Mamdani’s economic policies during a recent Fox News appearance.The businessman, appearing Friday on Fox News, said policies that Mamdani is campaigning for mayor on will cause money and business to leave the Big Apple. "You can’t do this in an environment where there’s competition of other states," O’Leary said.ACKMAN BACKS […]

The latest workforce data suggests that American workers have been the main beneficiaries in the labor market amid the Trump administration's crackdown on illegal immigration.The Labor Department's jobs report for the month of June showed that the number of foreign-born workers declined by 348,000 from May — while the number of foreign-born workers has declined by more than 543,000 jobs since January.By contrast, the number of U.S.-born workers increased by 830,000 from […]

The Trump administration's Department of Energy (DOE) on Monday released a report that found currently scheduled retirements of energy-generating facilities coupled with delays in bringing new power sources online could lead to a rise in blackouts by the end of this decade.DOE's report found that with about 104 gigawatts of energy-generating capacity scheduled to be retired by 2030, power outages could see a significant rise if that capacity isn't replaced […]

President Donald Trump's hallmark legislation includes a staggering $5 trillion hike to the debt ceiling — a move that gives Republicans added leverage in bipartisan negotiations. With control of both chambers of Congress, Republicans are well-positioned to use the debt limit as a tool in a classic display of political brinkmanship. As the U.S. government nears a fiscal cliff, Republicans could potentially use the looming deadline to pressure Democrats into making […]

President Donald Trump threatened to hit members of the BRICS alliance — including China, Russia and India — with an additional 10% tariff for being "anti-American."His announcement came as the alliance was hosting its yearly summit in Rio de Janeiro, Brazil."Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy," Trump said in a post on […]

Iconic family entertainment chain Chuck E. Cheese is leveling up — for grown-ups.The Texas-based company has launched a new spin-off concept called "Chuck’s Arcade," an adult-targeted arcade experience that blends nostalgic favorites and modern games. By opening gaming centers for older generations who grew up as lifelong fans, the kiddie arcade brand is now "bringing together gamers of all ages," according to a press release.The adult center features retro classics such […]

Several items sold at Costco have recently been recalled.The popular warehouse retailer has posted notices about recalls of some Bridgestone tires, window air conditioner units and power banks on its website. Bridgestone Americas Tire Operations said in the customer recall notice published on Costco’s website that a lack of a required Department of Transportation certification symbol had prompted certain Bridgestone Blizzak 6 tires in the size "235/40R19" with the identification numbers […]

President Donald Trump on Monday announced the U.S. will impose 25% tariffs on goods imported from Japan and South Korea.Trump shared letters addressed to Japanese Prime Minister Shigeru Ishiba and South Korean President Lee Jae-myung in posts on Truth Social.The new levies will take effect on Aug. 1. If either Japan or South Korea raise tariffs in retaliation, Trump said in his letters that the U.S. tariffs will increase by […]

Major corporations are stepping up support for disaster relief efforts after flash floods wreaked havoc across several central Texas communities over the Fourth of July holiday weekend, killing at least 82 people.Search and rescue operations, both on the ground and in the air, remain ongoing Monday as another flood watch has been issued for central Texas through Monday evening, according to the National Weather Service (NWS) office in Fort Worth.The […]