Economy

Economy

Ford Rehires 350 Veteran Engineers After Its AI Quality Systems Fell Short

Ford brought back about 350 veteran engineers after its AI-driven quality systems fell short, crediting the move with hundreds of millions in savings and its first J.D. Power quality win since 2010.

14d ago

Economy

Nearly 3 Million Americans Have Dropped Obamacare as Premiums Double When Subsidies Expired

ACA enrollment fell from 22.1 million to 19.2 million after enhanced premium subsidies expired on January 1, roughly doubling average costs and pricing millions of working families out of coverage.

16d ago

Economy

Just 12 Days After Becoming the World’s First Trillionaire, Elon Musk’s Fortune Crashes Back Below $1 Trillion

Elon Musk's net worth fell back below $1 trillion just 12 days after he became the world's first trillionaire, as SpaceX shares tumbled in a broad tech sell-off. He remains the richest person alive.

19d ago

Economy

Senate Passes Bipartisan 21st Century ROAD to Housing Act 85-5 to Lower Housing Costs

The U.S. Senate passed the bipartisan 21st Century ROAD to Housing Act 85-5, aiming to lower housing costs and limit Wall Street from buying up single-family homes. It now heads to the House.

21d ago

Economy

California Drivers Sue BP, Marathon, 7-Eleven and Walmart Over Alleged AI Gas Price Inflation

A proposed class-action lawsuit accuses BP, Marathon, 7-Eleven, and Walmart of allegedly using AI pricing software to coordinate and inflate California gas prices.

21d ago

Economy

Business Lobby Blames Seattle’s Tax on the Rich for 30,000 Lost Jobs – City Says the Tax Funds Housing and Beat COVID

A business group says Seattle's JumpStart payroll tax cost downtown 30,000 jobs and $10 billion in office value - but the city says the tax funded housing and powered its pandemic recovery.

23d ago

Economy

Leaked OpenAI Financials Show a Staggering $38.5 Billion Loss in 2025

Leaked financials reviewed by Fortune and Yahoo Finance show OpenAI posted a roughly $38.5 billion net loss in 2025 on about $13 billion in revenue, one of the largest annual losses ever for a private tech company.

25d ago

Economy

Bernie Sanders Proposes Taxing AI Giants in Stock — Not Cash — to Fund $1,000 Checks for Every American

Sen. Bernie Sanders has introduced legislation that would tax the largest AI companies in stock, not cash, creating a public wealth fund he estimates could reach nearly $7 trillion and fund $1,000+ dividends for every American.

26d ago

Economy

Communities Blocked or Delayed 75 Data Center Projects Worth Nearly $130 Billion in Just Three Months

A new Data Center Watch study found local opposition blocked or delayed at least 75 U.S. data center projects worth nearly $130 billion in Q1 2026, as opposition groups doubled to 833 across 49 states.

30d ago

Economy

Zuckerberg Admits Meta “Made Mistakes” After Cutting 8,000 Jobs for AI

Mark Zuckerberg told Meta employees the company "made mistakes" in an AI-driven restructuring that eliminated roughly 8,000 jobs, and pledged no more company-wide layoffs in 2026.

30d ago

Economy

After the Supreme Court Struck Down Trump’s Tariffs, the U.S. Refunded $22 Billion in May

The U.S. refunded roughly $22 billion in tariffs in May, nearly canceling out the month's customs revenue, after the Supreme Court struck down Trump's IEEPA tariffs. CBP estimates total refund exposure could reach $166 billion plus interest.

33d ago

Economy

Social Security’s Retirement Fund Now Projected to Hit a Shortfall in 2032 — A Quarter Earlier Than Last Year

The 2026 Social Security Trustees Report moved the retirement fund's shortfall date up to late 2032 — but the program does not run out, and the fix is a policy choice.

34d ago