The same people who insist that the American economy needs to re-industrialize can’t bear the thought of industrial-scale computing facilities for data storage and AI.
Progressive California state Sen. Aisha Wahab (D) is projected to defeat Bay Area Rapid Transit Board President Melissa Hernandez in the special election to fill the remainder of former Rep. Eric Swalwell’s (D-Calif.) term in the House, according to Decision Desk HQ. Swalwell, once seen as the front-runner in the California governor’s race, dropped out...
U.S. bond yields are rarely a burning issue with the general public. But that’s changed this week as a spike in yields has hit the front pages and TV newscasts. Yields on 30-year U.S. Treasury bonds hit their highest point in almost two decades on Tuesday. The rise prompted Treasury Secretary Scott Bessent to step in with a buyback...
The Trump administration is ending summertime smog restrictions on gasoline early this year in a bid to offer relief for high prices at the pump. The Environmental Protection Agency (EPA) issued a waiver on Thursday allowing for sales of gasoline with a higher evaporation potential starting on Sept. 1, rather than the middle of the month. In...
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Bond markets rattle economy, sparking controversial buyback The U.S. bond market is raising alarm bells for the economy, forcing the Trump administration to take emergency measures to ease the immediate impact on American pocketbooks. Yuki Iwamura,...
A man dressed as the iconic "Star Wars" villain Darth Vader on Wednesday appeared to defend the use of Flock cameras before the San Diego City Council, assuring that "this is what the emperor needs." The man approached the podium to address the Public Safety and Livable Neighborhoods Committee meeting, with the character's signature breathing...
Americans' drinking remains at historically low levels with a survey released Thursday reporting the lowest levels of alcohol consumption among Americans in its history, dating back to 1939. A new Gallup survey found the share of Americans who consume alcohol held at 54 percent for the second consecutive year. Self-reported drinking has been falling in...
First lady Melania Trump announced a new round of scholarships for foster children Thursday in partnership with IndyCar and Fox Corporation. The two companies donated $2 million to fund scholarships at Indiana and Purdue Universities. “Tomorrow's leaders are sitting in classrooms today, including those growing up in foster care. Their capability is no less remarkable,”...
Progressive Sen. Bernie Sanders (I-Vt.) is backing Florida state Rep. Angie Nixon (D), who notched an upset victory in Florida's Senate Democratic primary this week. “Angie Nixon is proof that organized people can take on organized money — and win. Outspent more than 16 to 1, she won in a landslide. Working people all over...
Rep. Jared Moskowitz (D-Fla.) went after left-wing streamer Hasan Piker and members of the Democratic Socialists of America (DSA) on Thursday, saying the two “can’t coexist with me.” “Well, I mean, we're going to see if we can coexist with them. I mean, they can't coexist with me.” Moskowitz told Fox Business Network’s Stuart Varney...
The head of the Commodity Futures Trading Commission (CFTC) vowed Thursday to “move swiftly” on establishing rules for the cryptocurrency market if Congress fails to pass legislation on the matter this year. CFTC Chair Michael Selig said at a meeting with crypto and prediction market executives that the agency stands “ready to begin immediately implementing...
Lawmakers are sounding the alarm over the nation’s $40 trillion debt, lamenting Congress’s inability to meaningfully confront a problem that has grown increasingly difficult to ignore. Both parties have spent years trying to tackle the rising debt. Republicans have frequently pointed to federal spending and entitlement programs as the main drivers, while Democrats have emphasized...
Tulsi Gabbard, the former director of National Intelligence, shared a new update Thursday on her husband’s battle with a rare form of bone cancer, months after she announced that her resignation from the Trump administration was prompted by his diagnosis. “Earlier this year, my husband Abraham was diagnosed with a very rare bone cancer,” Gabbard...
The nonpartisan Cook Political Report shifted its ratings Thursday for both the Texas and Iowa gubernatorial races, giving Democrats a higher chance at claiming the seat. Cook Political Report Senate and Governors Editor Jessica Taylor wrote in her analysis that Texas' Democratic nominee for governor, state Rep. Gina Hinojosa (D), is "surprisingly competitive” against incumbent...
Comedian Rosie O’Donnell swiped at President Trump over his close relationship with his executive assistant Natalie Harp while guest-hosting ABC’s “Jimmy Kimmel Live!” Wednesday, piling on to the viral critique of the longtime White House aide. “A special hello to those of you watching from home and from the White House,” O’Donnell said during her...
