Trump has just said: Don’t worry about China

China’s government condemned Donald Trump’s latest vow to impose an additional 100% tariff on Chinese imports, calling it “a typical example of U.S. double standards.” A spokesperson for the Ministry of Commerce said that Beijing could take its own “countermeasures” if the U.S. president follows through

Trump considering pardon for Binance founder CZ

People close to Changpeng Zhao — the former Binance CEO widely known as “CZ” — say conversations are heating up inside the Trump White House over a potential presidential pardon for the embattled crypto executive, FOX Business Senior Correspondent Charles Gasparino reported. Zhao, once one of the most powerful figures in global

AI bubble now 17 times bigger than dot-com boom and four times larger than subprime crisis

Despite mounting warnings about the massive sums inflating the so-called “AI bubble,” the boom shows no signs of bursting — in fact, it keeps expanding. The scale of the surge has now eclipsed all previous market bubbles, from the dot-com era to the 2008 financial crisis. Julien Garran, a research analyst

Jeff Bezos of Amazon, $AMZN, says that AI is an “industrial bubble"

Amazon founder Jeff Bezos said Friday that artificial intelligence is in an “industrial bubble,” but emphasized that the technology itself is genuine and will ultimately deliver major benefits to society. Speaking at Italian Tech Week in Turin during a conversation with Exor CEO John Elkann, Bezos compared the current excitement

President Trump got a COVID booster shot today

President Donald Trump received both a COVID-19 booster and a flu shot during a visit to Walter Reed National Military Medical Center on Friday, according to a memo released by the White House physician. “In preparation for upcoming international travel, President Trump also received preventive health screenings and immunizations, including

Trump announces additional 100% tariff on China and export controls on "any and all critical software" starting Nov. 1st

President Donald Trump announced Friday that his administration will impose an additional 100% tariff on Chinese imports—on top of the existing 30% duties—starting November 1 or possibly sooner. The move marks a sharp escalation in trade tensions after several months of relative calm between Washington and Beijing. “The

Gen Z anger at the ruling elites is erupting across the world

The anger driving Morocco’s unrest stems from deepening inequality in a nation pouring billions into hosting the 2030 World Cup and building extravagances like Africa’s largest ice hockey rink, even as youth unemployment hovers around 60%. The ruling elite live in luxury, while a generation feels shut out

Trump threatens 'massive increase' of tariffs on Chinese goods in response to limits on export of rare earth metals

President Donald Trump announced Friday that his administration will impose an additional 100% tariff on Chinese imports—on top of the existing 30% duties—starting November 1 or possibly sooner. The move marks a sharp escalation in trade tensions after several months of relative calm between Washington and Beijing. “The

Trump: Gasoline prices will be below $2 soon

President Donald Trump on Friday warned that he is considering a “massive increase of tariffs” on Chinese imports in response to Beijing’s new export restrictions on rare earth minerals. Trump said the move would serve to “financially counter” China’s actions. In a post on Truth Social, the president

Gen Z are dipping into their retirements, skipping meals and selling their belongings just to get by

A 2025 Employee Financial Wellness report from Payroll Integrations found that while 38% of workers across all age groups have withdrawn from their retirement accounts, Gen Z leads the pack. Nearly half of young adults have already dipped into their retirement funds, compared to 31% of millennials. Both boomers and

Trump on China: Maybe we will have to stop importing massive amounts from China

China outlined new curbs on exports of rare earths and related technologies on Thursday, extending controls over use of the elements critical for many high-tech and military products ahead of a meeting in about three weeks between President Donald Trump and Chinese leader Xi Jinping. The regulations announced by the

Nearly 50% of teenagers say they never read

Educators in the United States say they can tell when parents are reading less to their children. Russell, who runs literacy programs for kids starting as young as 18 months, often hears from parents of older children — some up to 14 years old — who still struggle to pick up a

China is ditching the dollar, fast

Traders have urged Indian state refiners to settle payments for Russian oil in Chinese yuan as relations between New Delhi and Beijing show signs of improvement, Reuters reported on Oct. 8, citing trade sources. According to the report, Indian Oil Corp, the country’s largest state-owned refiner, has recently completed

The IRS announced new 2026 federal income tax brackets

The Internal Revenue Service on Thursday, October 9, released updated federal income tax brackets and standard deduction amounts for tax year 2026. The changes, which determine how much Americans will owe in federal income taxes, will apply to returns filed in early 2027. The standard deduction will rise by 2.

Hamas says we declare an end to the war today and the start of permanent ceasefire

Israel and Hamas have reached agreement on the first phase of a ceasefire and hostage exchange, a step that could mark the beginning of an end to the Gaza conflict. Under the arrangement, Hamas will release the 20 surviving hostages in its custody, while Israel will free nearly 2,000

Trump has said that he will be making permanent cuts to Democrat programs in the US government shutdown

Donald Trump said his administration would make permanent cuts targeting what he called “Democrat programs.” He emphasized repeatedly that only Democratic-backed initiatives would be reduced, including some he described as popular, though not with Republicans. “That’s the way it works,” he said, underscoring that the cuts would be lasting.

Gen Z graduates are so massively unemployed, despite making up only 5% of the workforce, that they’re even pushing up the U.S. jobless rate - having an “oversize” impact on America’s unemployment rate

As millions of students prepare to graduate this spring, their chances of landing that crucial first job—the one that kickstarts a career—appear increasingly uncertain. Beyond a cooling economy burdened by tariff-related uncertainty, the rise of artificial intelligence is now threatening the entry-level roles that have long functioned as

IRS to furlough 46% of staff

The Internal Revenue Service will furlough more than 34,000 employees starting Wednesday as the government shutdown continues, the agency said, a move that will effectively close taxpayer call centers. The furloughs represent about 46% of the IRS workforce. Call center staff, IT personnel, and most headquarters employees will be

Credit scores are now falling at the fastest pace since the Great Recession

Credit scores are declining at the fastest rate since the Great Recession as many Americans struggle with high living costs and the restart of student loan payments. The national average FICO score fell by two points this year, the steepest annual drop since 2009, according to data released Tuesday. Scores

Nvidia, NVDA, CEO Jensen Huang says AI will ‘probably’ bring 4-day work week

Nvidia CEO Jensen Huang said in August 2025 that artificial intelligence will “probably” pave the way for a four-day workweek, much as earlier industrial revolutions reshaped norms around labor. But he cautioned that this would not necessarily mean less work, noting that AI-driven efficiency could make people busier by giving

Here is how the AI bubble is being created

Today, bots—automated software that runs repetitive tasks—are still everywhere and play a major role in the AI boom. According to cybersecurity firm Imperva, bots now account for over half of global internet traffic. In 2024, they officially outpaced human-generated traffic. About 20% are classified as "bad bots,

President Donald Trump is making plans for a significant aid package for U.S soybean farmers

President Donald Trump is preparing a large aid package for U.S. soybean farmers aimed at helping them weather China’s halt in purchases during the ongoing trade standoff. The president said soybeans will be a key part of his upcoming discussions with Chinese President Xi Jinping, but farmers worry

Microsoft, MSFT, has withdrawn its proposal for a data center in a Milwaukee after community outcry

Microsoft has withdrawn plans to build a 244-acre data center in Caledonia, a suburb of Milwaukee, following resistance from local residents and officials. The company said it remains committed to investing in southeast Wisconsin and will work with Caledonia and Racine County to identify an alternative location. Community opposition had

Trump says Israel and Hamas agree to first phase of peace plan, hostages to be released and Israeli troops to withdraw

Donald Trump told Fox News host Sean Hannity that the Middle East has “come together,” adding that people will now be “taken care of” and that the situation marks “a different world.” He said Gaza would become a safer place, with reconstruction supported by neighboring countries that have significant wealth

US soybean sales to China

President Donald Trump is preparing a major aid package for U.S. soybean farmers that could exceed $10 billion, designed to offset losses from China’s halt in purchases during the ongoing trade dispute. The support comes as the tariff war between Washington and Beijing has led China to shift