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 […]
If you’ve landed a job making $100,000 or more, the reality is not all of that money is yours for the keeping. Federal income taxes and withholding for Social Security and Medicare will take a chunk. Then state and local taxes can take another bite. That six-figure salary quickly can shrink to a take-home pay […]
The Federal Reserve’s preferred inflation gauge surged at a higher-than-expected pace, highlighting the persistent struggle to return inflation to the central bank’s 2 percent target. Alphabet Inc. announced a first-time-ever dividend program and a $70 billion buyback of its own stock that could revitalize the tech company for the next year. TikTok’s Beijing-based owner ByteDance […]
Google’s parent company, Alphabet, released its earnings report Thursday, pleasing shareholders with news of solid growth—and the payment of the company’s first-ever dividend of 20 cents per share. Alphabet’s stock price jumped nearly 13 percent in Thursday trading on the back of the report.
The U.S. economy reported the weakest pace of growth since 2022 in the first quarter of the year. Economist Daniel Lacalle dives into the details of the report, which reveals government spending continues to be the driving force of the GDP. But Mr. Lacalle says investment, consumption, and exports are weakening. He is seeing a […]
The Environmental Protection Agency (EPA) has released strict new rules for coal-fired power plants. This is the first time the federal government has restricted carbon dioxide emissions from existing plants. According to Daniel Turner, president of Power the Future, the new restrictions will just make goods more expensive. Mr. Turner notes that coal produces more […]
The U.S. economy showed signs of slowing in the first quarter as inflation pressures and higher borrowing costs weighed on the country to kick off 2024. Facebook owner Meta registered nearly $4 billion in losses for its metaverse and AI research wing in the first quarter, with the company’s stock crashing by more than 11 […]
Whirlpool Corp. will lay off about 1,000 salaried employees globally, the home appliances maker said Wednesday. The company said it first cut jobs in March of this year, and that it expects a second wave of reductions by early May. Whirlpool is aiming to trim up to $400 million in costs this year.
President Joe Biden has signed a law that will force China-based ByteDance to either divest its U.S. assets or face a nationwide ban in the United States. We take a look now at the next steps and possible sale of the social media platform. NTD spoke with University of Florida social media professor Andrew Selepak, […]
Wall Street firms have steered billions of American retirement money to blacklisted Chinese companies. An investor makes the case against investing in China. We spoke with Art Ally, founder and president of Timothy Plan. He explained why investors should follow moral values over performance. Mr. Ally also lays out why China is a danger to […]
The clock is ticking for TikTok. China-based ByteDance now has about a year to divest TikTok or it will be banned in the United States. CEO Shou Zi Chew is vowing to fight the new bill signed into law Wednesday by President Joe Biden. The owner of former President Donald Trump’s Truth Social wants Congress […]
Problems are continuing to pile up at Boeing as a labor complaint revealed allegations that the company retaliated against two of its engineers, after they raised concerns about the work done on Boeing’s 777 and 787 planes. The FAA is currently investigating the issue.
U.S. business activity cooled in April to a four-month low due to weaker demand, while rates of inflation eased slightly even as input prices rose sharply, suggesting some possible relief ahead as the Federal Reserve looks for signs that the economy is ebbing enough to bring inflation down further. NTD spoke to economic strategist Sam […]
Billions of dollars in foreign aid for Ukraine, Israel, and Taiwan advanced in the U.S. Senate on Tuesday, as well as a potential ban on the social media app TikTok, measures for the transfer of seized Russian assets to Ukraine, and new sanctions on Iran. Apple’s smartphone shipments in China tumbled 19 percent in the […]
The U.S. Federal Trade Commission (FTC) said on Monday that it was suing to block luxury fashion holding company Tapestry’s $8.5 billion acquisition of Capri Holdings over market-domination concerns. The deal is expected to combine six luxury fashion brands owned by the two companies: Tapestry’s Coach, Kate Spade, Stuart Weitzman, and Capri’s Michael Kors, Versace, […]
A survey reveals one out of three Americans will be traveling this summer on borrowed money. This will be a troublesome option since more than 40 percent of credit card holders already carry debt and interest rates are high. We spoke with Ted Rossman, senior analyst at Bankrate, about the dangers of going into debt […]
New analysis found major tech stocks are headed for a collapse. If tech falls, what will take its place in the market? Crescat Capital macro strategist Tavi Costa reveals a rotation that could happen in the market. The market appears to be moving from tech to resource-related businesses. Mr. Costa explains why it is mathematically […]
The Supreme Court is making it easier for people to sue their employers for discrimination when they’re transferred against their will. It’s a unanimous decision at the highest court this week, where the justices sided with a St. Louis police sergeant. Jatonya Clayborn Muldrow claims her department discriminated and retaliated against her when it forced […]
Former President Donald Trump is in line to receive around $1.3 billion worth in additional Truth Social stock. This would push the value of his ownership to the $4 billion range. Tesla slashed prices by up to $2,000 on its vehicles such as the Model 3 and Model Y in several markets including the United […]
Volkswagen workers in Chattanooga, Tennessee, voted overwhelmingly on Friday to join the United Auto Workers (UAW), becoming the first Southern autoworkers outside of the Big Three to win their union. According to the final vote tally released by the union, about 73 percent (2,628) of Volkswagen workers voted in favor of union representation, while 27 […]
The world is facing potential economic instability. Central banks all over are tackling inflation. With the global pandemic behind us, we have international debts and threats to commerce causing geopolitical unrest. This is in addition to protests, mass illegal immigration, climate change policies, and wars that are coming to a boiling point. What is on […]
Procter & Gamble raised its annual profit forecast on lower commodity costs and as consumers, particularly in the United States and Europe, kept buying its pricey Tide detergent and Dawn dish soap. Even though P&G’s third-quarter net sales fell short of analysts’ expectations, the company has been able to boost its bottom line, building on […]
FBI Director Christopher Wray said Thursday that hackers linked to the Chinese Communist Party (CCP) have infiltrated America’s critical infrastructure and are biding their time as they wait for the right moment to strike a “devastating blow.” Tesla is recalling 3,878 Cybertrucks to fix an accelerator pedal pad that could come loose and get lodged […]
Global shares dipped, oil prices rose, and U.S. bond yields fell as reports emerged of strikes hitting Iran early on Friday. That sensitivity was the latest reminder of just how tensions in the Middle East are creating a broadening shadow over global markets.
The dollar wasn’t always the go-to for reserve currency, but a new report by Morgan Stanley says the U.S. dollar’s dominant reserve currency status is likely to endure. It has been able to hold on to the spot in part because there have been no worthy alternatives. China’s yuan has been named as one option. […]
Google said on Thursday it had terminated 28 employees after some staff participated in protests against the company’s cloud contract with the Israeli government. Memory chip maker Micron Technology is set to receive $6.1 billion in grants from the U.S. Commerce Department to help pay for domestic chip factory projects, Democratic U.S. Senate Majority Leader Chuck Schumer said on […]
United Airlines will receive financial compensation from planemaker Boeing for financial damages incurred in the first quarter due to the grounding of Boeing’s 737 MAX 9 aircraft, the carrier said on Wednesday. U.S. regulators had in January grounded some 737 MAX 9 aircraft for about three weeks for safety checks after a midair door plug […]
President Joe Biden has called for tripling tariffs on China’s metal industry. The question now is what will the ripple effects be. Riley Walters, senior fellow at the Hudson Institute, reviews the impacts this could have on Americans and, based on past tariff hikes, how China may respond. He also explains why he believes the […]
Boeing’s safety culture and manufacturing quality, both at the center of a corporate crisis following a January mid-air panel blowout on a near-new 737 MAX 9, were scrutinized on Wednesday in two U.S. Senate hearings. Testimony at a Senate subcommittee raised questions about Boeing’s treatment of whistleblowers, records surrounding the blown-out door plug on the […]
Global property and casualty insurers experienced “alarming” underwriting losses in 2022 as natural catastrophes increased and risk models failed to keep up, a report from consultants Capgemini said on Wednesday. Global insured losses from natural catastrophes have been surpassing $100 billion annually in recent years, and have been driven higher by issues such as winter […]
Cyber thieves have entered the medical field. Cybersecurity firm BrandShield says it has shut down more than 250 websites for selling fake weight-loss and diabetes drugs. CEO Yoav Keren warns that fake online pharmacies are a growing problem around the world. He broke down how his company finds these scammers. He also shared the red […]
Shares of former President Donald Trump’s media company tumbled again Tuesday, after closing much lower Monday. The Justice Department is planning to file an anti-trust lawsuit against Live Nation. The pilots union at American Airlines says there has been “a significant spike” in safety issues with the airline. Those problems include fewer routine inspections and […]
Oil prices slipped lower on Monday after Iran’s weekend attack on Israel proved to be less damaging than anticipated, easing concerns of a quickly intensifying conflict that could displace crude barrels. NTD spoke with Tom McNulty, an oil industry analyst, about the outlook for oil price in the near term.
Tax Day has officially arrived. To get to this point, Americans sunk an estimated 6 billion hours into filing taxes. This is actually an improvement on wasted tax time, according to Brandon Arnold with the National Taxpayers Union. He explains why so much time needs to go into filing taxes and if it is possible […]
We’re starting the show with one of the biggest news that happened over the weekend: Iran’s attack on Israel. Specifically, we’re talking about oil prices. The good news is that there is a general belief among oil investors that this isn’t going to impact oil. U.S. stocks are a different story. Markets closed sharply lower […]
The U.S. government announced on Monday that it plans to give South Korean electronics company Samsung a $6.4 billion subsidy to build new computer chip facilities in Texas. The Department of Commerce said a preliminary agreement was reached with Samsung, in which the tech giant will invest $40 billion of its own money to upgrade […]
Results from a trio of big banks marked the unofficial launch of first-quarter earnings season. NTD spoke to Stuart Plesser, financial institutions managing director at S&P Global Ratings, to give analysis on the banks results and outlook for the rest of the year.
Chinese officials directed the country’s largest telecom carriers earlier this year to phase out foreign chips key to their networks by 2027, according to a Wall Street Journal report. NTD spoke to Robert Atkinson, president of the Information Technology and Innovation Foundation, about what’s behind this move by China.
The Biden administration will cancel $7.4 billion in student debt for 277,000 borrowers, the White House said on Friday, the latest in a series of debt cancellations. A slew of bank earnings is out today. JPMorgan Chase’s profit beat estimates in the first quarter, but its shares fell 6% after forecasts for interest income fell short of analysts’ expectations on Friday. Wells Fargo’s […]
Multiple aviation groups have asked the U.S. government not to allow more flights between the United States and China until steps are taken to protect American airlines and workers from Chinese carriers’ anticompetitive practices. After the COVID-19 outbreak, the Chinese regime “unilaterally suspended the bilateral air services agreement with the U.S. and effectively closed the […]
The EPA’s new rules on levels of so-called forever chemicals in drinking water specify contents that are extremely low, says attorney John Gardella, who specializes in PFAS issues and represents numerous companies who use PFAS. He said he believes the EPA’s move is political, and designed to garner votes from worried citizens.
A number of major banks have been blacklisted from West Virginia due to their environmental policies. The state’s treasurer, Riley Moore, says West Virginia is an extraction-industry state, and that it doesn’t want to do business with companies that don’t want to do business with its core industries. Fossil fuels are at the core of […]
The Consumer Price Index surged 2.6 percent in March—and car insurance was a big factor in driving it up. According to Lauren Fix at Car Coach Reports, some drivers are being hit with 60 percent increases in their premia—and even policy cancellations. Ms. Fix says even good drivers are being docked for cruising in unsafe […]
U.S. stocks closed higher today. and this was with tech-related momentum stocks leading the charge. also fresh economic data rekindled hopes that inflation remains in a cooling trend. The Producer Prices index (PPI) increased at the fastest pace in a year but still softer than expected. Richmond Fed President Thomas Barkin said the central bank […]
Gold has become a hot commodity, with everyone from Costco members to central banks buying it up. Crescat Capital macro strategist Tavi Costa is tracking the rising prices of gold. He sees banks edging back toward a historic gold standard, which could be driving up prices. In the long run, Mr. Costa is betting it […]
U.S. consumer prices increased more than expected in March as Americans continued to pay more for gasoline and rental housing, leading financial markets to anticipate that the Federal Reserve would delay cutting interest rates until September. The third straight month of strong consumer price readings reported by the Labor Department on Wednesday also suggested that the pick up in inflation […]
U.S. consumer prices increased more than expected in March as Americans continued to pay more for gasoline and rental housing, leading financial markets to anticipate that the Federal Reserve would delay cutting interest rates until September. Stocks tumbled to a lower close on Wednesday after hotter-than-expected inflation data threw cold water on hopes that the […]
The United States must boost commercial ties with African countries to curb its reliance on China for supplies of critical minerals, a Washington-based think tank said on Tuesday. “U.S. economic and national security depend on securing a reliable supply of critical minerals, including from Africa,” the United States Institute of Peace said in a report.
With small business sentiment reaching a new low, NTD spoke to Nicole Wolter, president of HM Manufacturing, to get a better idea of what owners are up against. Challenges include a skilled labor shortage, a rise in material and energy costs, stubbornly high inflation, and more. Ms. Wolter explains how the company pivoted in a […]
