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Business/Economy (News/Activism)

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  • In the blink of an eye, California turns on In-N-Out's CEO

    7/23/2025, 2:09:57 AM · by vespa300 · 86 replies
    SF Gate ^ | 07/21/2025 | Madeline Wells
    Billionaire In-N-Out owner Lynsi Snyder stirred up a storm of online controversy over the weekend when she revealed that she planned to move her family out of California to Tennessee. The news comes as In-N-Out begins to expand heavily into the South, launching a new joint headquarters in Franklin, Tennessee, near Nashville — where Snyder will also now be based. Snyder revealed the coming move on a recent podcast appearance, saying, “There’s a lot of great things about California, but raising a family is not easy here. Doing business is not easy here.” The clip, from a new episode of...
  • Trump announces $550 billion trade deal with Japan.

    7/22/2025, 11:25:29 PM · by NoLibZone · 29 replies
    Truth social ^ | Donald Trump
    We just completed a massive Deal with Japan, perhaps the largest Deal ever made. Japan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90% of the Profits. This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it. Perhaps most importantly, Japan will open their Country to Trade including Cars and Trucks, Rice and certain other Agricultural Products, and other things. Japan will pay Reciprocal Tariffs to the United States of 15%. This is a very exciting time for the United States of America, and especially for...
  • Elon Musk devotees camp out for hours to get a glimpse of new Tesla diner

    7/22/2025, 10:41:56 PM · by E. Pluribus Unum · 19 replies
    NBC News ^ | July 22, 2025, 12:56 AM UTC | Angela Yang
    The first ever Tesla Diner & Drive-In, which opened in Hollywood at 4:20 p.m., is filled with Tesla technology — including its humanoid robot, Optimus — and charging stations. LOS ANGELES — Tesla enthusiasts began lining up outside Elon Musk’s long-awaited Tesla Diner & Drive-In in Hollywood early Monday, eager to get their first glimpse of what’s inside. But with little clarity about when the gates would open, some of Musk’s most ardent fans waited hours before they were finally allowed in at 4:20 p.m., a classic reference Musk often makes to marijuana. Built in the bustling Hollywood location where...
  • Seattle faces nation’s worst inflation as living costs soar

    7/22/2025, 10:37:59 PM · by CFW · 28 replies
    The Post Millennial ^ | 7/22/25 | Ari Hoffman
    The Seattle area is experiencing the highest inflationary pressure of any major US metropolitan area, according to a new report from WalletHub. Using Bureau of Labor Statistics data, the study compared inflation over the past two months and year-to-year across 23 major metro areas, and Seattle topped the list. Prices in the Seattle-Bellevue-Tacoma area have jumped 1.4 percent in just the last two months and 2.7 percent over the past year. WalletHub found that the region’s food prices rose 4.8 percent over the last year, both for groceries and dining out, while energy costs surged by 5 percent. Washingtonians are...
  • Trump announces trade agreement with the Philippines and terms of deal with Indonesia

    7/22/2025, 9:24:51 PM · by SeekAndFind · 8 replies
    CNN ^ | 07/22/2025 | Elizabeth Buchwald
    President Donald Trump said Tuesday he and President Ferdinand Marcos Jr. of the Philippines have reached a trade agreement. Shortly after, he also revealed more detailed terms of an agreement with Indonesia. Both agreements call for 19% tariffs on goods the US imports from the two countries, paid by American businesses, while American goods shipped there won’t be charged a tariff. Trump’s announcement of the agreement with the Philippines came after he met with President Ferdinand Marcos Jr. at the White House on Tuesday. “It was a beautiful visit, and we concluded our Trade Deal,” Trump wrote on his social...
  • Trump says US will charge 19% tariff on goods from Philippines

    7/22/2025, 9:21:03 PM · by SaxxonWoods · 10 replies
    Reuters ^ | 7/22/2025 | Andrea Shalal and Trevor Hunnicutt
    U.S. President Donald Trump on Tuesday announced a new 19% tariff rate for goods from the Philippines after what he called a "beautiful visit" by Philippine President Ferdinand Marcos Jr. to the White House, saying U.S. goods would pay zero tariffs. "It was a beautiful visit, and we concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States, and ZERO Tariffs. The Philippines will pay a 19% Tariff," Trump said, calling Marcos a "very good and tough negotiator." Trump said the two Pacific allies would also work together militarily but gave no details. Marcos, the...
  • Bessent: It's About Time We Took a Good Look at the Fed, Doncha Think?

    7/22/2025, 8:54:42 PM · by Sparticus · 19 replies
    Hotair.com ^ | July 21, 2025 | Beege Welborn
    Bessent, one of the easiest going, most accessible, truly fantastic Trump cabinet members (out of a superb and stellar cast of characters, I might add), has called for a look-see into exactly what's been going on in the House of Powell. Treasury Secretary Scott Bessent on Monday suggested a review of the Federal Reserve that would go beyond the current controversy over building renovations and look at its overall function. “What we need to do is examine the entire Federal Reserve institution and whether they have been successful,” Bessent said during an interview on CNBC’s “Squawk Box.” “Has the organization...
  • Bill Gates Complains Trump Has Put His Global 'Vaccine' Agenda 'at Risk'

    7/22/2025, 7:27:42 PM · by DFG · 37 replies
    Rumble ^ | 07/22/2025 | SlayNews
    Billionaire Bill Gates has accused President Donald Trump's administration of putting his global "vaccination" agenda "at risk" by cutting off taxpayer funding for his organization GAVI, the Vaccine Alliance.
  • Florida housing crisis described in five chilling words as homeowners brace for market collapse

    7/22/2025, 8:16:17 PM · by Angelino97 · 79 replies
    Daily Mail ^ | July 22, 2025 | Tilly Armstrong
    Florida's turbulent housing market has been described in five chilling words as homeowners desperately try to offload properties. Chen Zhao, the head of economics research for Redfin, described South Florida as the 'epicenter of housing market weakness' in the US. 'The question for the rest of the country is, will this spread? Florida is uniquely bad right now,' Zhao told Bloomberg last month. The area saw a huge influx of new residents during the Covid-19 pandemic. Americans, freed by work from home orders, arrived in search of sunnier weather and lower taxes. But now the bubble has well and truly...
  • Trump scores $36MILLION in 'big win' settlement with CBS 60 Minutes over edited Kamala Harris interview

    7/22/2025, 7:12:08 PM · by MinorityRepublican · 29 replies
    The Daily Mail ^ | 22 Jul 2025 | CHARLIE SPIERING
    President Donald Trump announced Tuesday he had reached a settlement with CBS and Paramount triggered by a 60 Minutes interview with Vice President Kamala Harris. 'We have just achieved a BIG AND IMPORTANT WIN in our Historic Lawsuit against 60 Minutes, CBS, and Paramount,' Trump wrote on Truth Social. 'Just like ABC and George Slopadopoulos, CBS and its Corporate Owners knew that they defrauded the American People, and were desperate to settle.' Trump said that Paramount/CBS/60 Minutes paid $16 million in the settlement and anticipated an additional $20 million from the new owners of CBS in advertising, PSAs or similar...
  • American Steelmakers Are Thriving Under President Trump

    7/22/2025, 6:52:56 PM · by SoConPubbie · 7 replies
    Whitehouse.gov ^ | July 22, 2025 | The White House
    The U.S. steel industry is back under President Donald J. Trump. After languishing under a Biden-era stranglehold — plagued by unfair foreign competition, job losses, and weakened national security as imports flooded the market and domestic production stalled — the steel industry is quickly roaring back to life.U.S. steelmakers are proving that strong leadership and protective tariffs are the keys to revitalizing American manufacturing.Ohio-based Cleveland-Cliffs announced record steel shipments in Q2 2025. CEO Lourenco Goncalves: “Cliffs is a major supplier of steel to the automotive manufacturers, and the Trump Administration continues to show strong support to both the domestic steel...
  • Report: California’s $20 Fast Food Minimum Wage Led to 18,000 Fewer Jobs

    7/22/2025, 6:19:24 PM · by Red Badger · 36 replies
    Breitbart ^ | July 22, 2025 | Joel B. Pollak
    California’s new $20-per-hour minimum wage for fast food workers has resulted in a significant decline in employment in that sector, leading to 18,000 fewer jobs than would have been the case otherwise. That’s according to a new paper released by the National Bureau of Economic Research (NBER) this month, which said: We analyze the effect of California’s $20 fast food minimum wage, which was enacted in September 2023 and went into effect in April 2024, on employment in the fast food sector. In unadjusted data from the Quarterly Census of Employment and Wages, we find that employment in California’s fast...
  • “A Big Difference”: Trump Administration’s Tomato Tariffs Already a Game Changer for American Farmers

    7/22/2025, 5:24:12 PM · by SoConPubbie · 35 replies
    Whitehouse.gov ^ | July 21, 2025 | The White House
    In a decisive move to protect American agriculture and restore fairness, the Trump Administration’s tariffs on fresh Mexican tomato imports are already boosting American farmers, growers, and business owners.Here’s what they’re saying:Chad Smith, Smith Tomato Farm (Steele, AL): “It’s only been two days now, and we actually have a lot more calls of people having interest in doing business — and the price hasn’t even changed.”Matt Rudd, Rudd Family Farm (Browns Summit, NC): “What you see in the grocery store now, instead of all those tomatoes from Mexico and everywhere else, it should be more local and United States-grown —...
  • KelTec Gun Factory In Rock Springs Aims To Churn Out 1,000 Pistols Per Week

    7/22/2025, 4:54:29 PM · by CFW · 29 replies
    Cowboy State Daily ^ | 7/21/25 | Mark Heinz
    The operation was years in the making. The Florida-based company announced plans for its KelTec West factory in Rock Springs in 2022. Wyoming’s Second Amendment-friendly culture and politics played a big part in choosing Rock Springs when the company decided to expand its operating capacity, KelTec West plant operations manager Chris Williams told Cowboy State Daily. “At the time (2022), Florida was teetering purple,” he said about the political climate there. “Wyoming is a solid red state, and it looks like it’s going to stay solid for decades to come.” Other firearms companies that recently set up shop in Wyoming,...
  • Hello New York, The UK Shows That If You Tax The Rich, They Will Flee

    7/22/2025, 3:28:49 PM · by SeekAndFind · 7 replies
    Mish Talk ^ | 07/22/2025 | Mike Shedlock
    The UK closed a tax loophole. Guess what. NYC can expect the same.Extreme Wealthy Flee the UKThe Wall Street Journal reports The U.K. Closed a Tax Loophole for the Global Rich. Now They’re Fleeing.The U.K. is trying to tax the superrich. It’s off to a bumpy start.“I’m on my way out,” said Bassim Haidar, a Nigerian-born Lebanese businessman who moved here in 2010. “There comes a time when you don’t feel welcome anymore, and it’s time to just start packing and leaving.”Haidar is one of the estimated 74,000 who used a centuries-old tax loophole, abolished in April, that catered to...
  • Coca-Cola to launch new U.S. soda with cane sugar this fall

    7/22/2025, 2:13:21 PM · by DallasBiff · 52 replies
    CBS ^ | 7/22/25 | Megan Cerullo
    Coca-Cola said on Tuesday it plans to launch a beverage for the U.S. market that use cane sugar instead of high-fructose corn syrup. The announcement, which came as the company reported second-quarter earnings, follows a social media post by President Trump last week claiming that he had persuaded Coca-Cola to use real cane sugar in its U.S. cola. Coke said the new product will use cane sugar produced in the U.S. and will expand its product range. "This addition is designed to complement the company's strong core portfolio and offer more choices across occasions and preferences," the company said in...
  • Florida Cities Dominate Top 10 Best Places For First-Time Homebuyers, Report Finds: California is home to 16 of the 20 worst cities

    7/22/2025, 4:34:14 AM · by SeekAndFind · 38 replies
    Epoch Times ^ | 07/21/2025 | Mary Prenon
    A recent report by WalletHub has identified the best and worst cities for first-time homebuyers, with Palm Bay, Florida, topping the best list. Five additional Florida locations—Tampa, Cape Coral, Orlando, Lakeland, and Sunrise—are among the top 10 cities ripe for picking by first-time potential buyers.Other cities that made the Top 10 list include Boise, Idaho; Surprise and Gilbert, Arizona; and Huntsville, Alabama.WalletHub, a national personal finance company, prepared the report by comparing 300 cities of various sizes, using key categories of affordability, market attractiveness, and quality of life. These included factors such as real estate taxes, homeowners’ insurance costs, median...
  • Charted: The Decline of U.S. Housing Affordability (1967–2023)

    7/22/2025, 4:29:26 AM · by SeekAndFind · 44 replies
    Visual Capitalist ^ | 07/21/2025 | Pallavi Rao
    The cost of a typical American home has raced far ahead of paychecks.This graphic (and below video), via Visual Capitalist's Pallavi Rao, charts how the median sales price of a newly-built privately-owned residential units (including houses and apartments) and the median household income have moved since 1967.Data for this graphic is sourced from the Census Bureau (both home prices and household incomes).The Federal Reserve’s CPI-U index was used to convert both to 2023 dollars for an apples-to-apples comparison.Tracking U.S. Home Prices vs. Household IncomesThe median sales price of a new U.S. home reached $428,600 in 2023. That price was more...
  • Larry Kudlow: Trumps' list of accomplishments is breathtaking

    7/21/2025, 11:39:17 PM · by SaxxonWoods · 6 replies
    Fox Business ^ | Larry Kudlow
    FOX Business host Larry Kudlow reflects on the president's economic, border and social successes on 'Kudlow.' 2:50, not long. Shorter link: rb.gy/ving4l
  • Fed chair candidate Warsh wants more inflation

    7/21/2025, 7:36:31 PM · by Angelino97 · 22 replies
    Enter Stage Right ^ | July 21, 2025 | Mike McHarrey
    One of the top candidates to succeed Jerome Powell at the Federal Reserve said the central bank needs to coordinate more closely with the U.S. Treasury and advocated for a much more inflationary monetary policy. Kevin Warsh served as a Federal Reserve governor from 2006-2011. He is widely regarded as one of the top three or four candidates to take the reins at the Fed when Powell's term ends in May 2026 (or sooner if Trump forces him out). During a recent interview with CNBC, Warsh called for a regime change at the central bank, citing its reluctance to cut...