New York ranks last in economic outlook study of all 50 US states
An analysis of all 50 U.S. states' economic competitiveness found New York ranked dead last for economic outlook for the 11th year in a row due to its high taxes and regulations.
US has a shortage of manufacturing workers and it threatens global competitiveness
American manufacturing businesses will need about 3.8 million new workers between 2024 and 2033 but up to half of those roles may go unfilled, according to a new study.
Former FCC head Ajit Pai blasts net neutrality vote as 'complete waste of time'
The Federal Communications Commission is planning to vote on reinstating net neutrality later this month, which former FCC chairman Ajit Pai said is a "complete waste of time."
Apple, Google, Meta targeted in EU's first Digital Markets Act investigations
The Big Tech trio of Apple, Google and Meta is facing an investigation from European Union antitrust regulators under newly implemented provisions of the Digital Markets Act.
State Farm cuts 72,000 California home insurance policies: 'Decision was not made lightly'
State Farm, California's largest home insurance company, announced it is cutting 72,000 policies, saying wildfire risks have cost the company billions.
House panel weighs repeal of Biden's independent contractor rule
A House panel will consider a joint resolution that would overturn President Biden's independent contractor rule that critics say hurts the workers it intends to help.
Florida CFO says businesses should ditch the Big Apple for the Sunshine State
Florida CFO Jimmy Patronis is calling for businesses in states with challenging regulatory environments or high taxes to consider relocating their operations to Florida.
European lawmakers pass AI Act, world’s first comprehensive AI law
European lawmakers on Wednesday approved the world’s most comprehensive legislation yet on artificial intelligence, setting out rules and restrictions on the technology.
Domestic oil production currently thrives, but the Biden administration fights it
The U.S. has dominated global oil production for six consecutive years, but one analyst points to indications that the boom could be over due to regulatory crackdowns.
Biden regulations, expired tax incentives weigh on manufacturers
The NAM survey of manufacturers found that companies are burdened by the cost and complexity of President Biden's regulations and expired tax incentives ahead of the State of the Union.
EVs may make air dirtier than gas-powered cars as California pushes new mandates: study
Electric vehicle mandates like what California has proposed by seeking to ban sales of new gas-powered cars in 2035 may undercut green goals, an environmental lawyer warns.
FAA audit hits Boeing 737 Max production over quality control issues
The Federal Aviation Administration announced that its audit of Boeing's 737 Max production process had quality control and "non-compliance issues" the aerospace giant must address.
GOP senators question FDA over official's 'alarming remarks . . . encouraging racial bias in hiring'
Sen. Mike Lee is demanding answers from the Food and Drug Administration over comments made by its principal deputy commissioner "encouraging racial bias in hiring and promotions."
Gemini crypto exchange to return $1.1 billion to consumers, pay fine in regulatory settlement
Gemini Trust Company, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, will return $1.1 billion to customers of its now-defunct Earn loan program in a settlement.
Boeing management, employees had 'disconnect' on safety, panel finds
An expert panel appointed by the FAA to review Boeing's safety management processes noted a lack of awareness of safety metrics and other inadequacies in its safety culture.
Warren Buffett blasts government regulations in annual letter
Berkshire Hathaway founder and CEO Warren Buffett bemoaned the impact of federal regulations on two of the investment conglomerate's ventures in his annual shareholder letter.
Capital One's purchase of Discover faces political and regulatory hurdles
Capital One's proposed purchase of Discover Financial is expected to face pushback from regulators, who are already being pressured by lawmakers to block the deal.
One Biden manufacturing regulation could wipe out up to 1 million jobs, business leader says
A newly finalized air quality regulation from President Biden's EPA could cost the U.S. economy up to 1 million jobs, according to the National Association of Manufacturers.
Small businesses are about to get hit with more regulations, House committee warns
The Biden administration has implemented 774 final rules costing over $450 billion, saddling businesses with over 286 million paperwork hours.
Boeing to stabilize 737 production later this year, exec says
Boeing plans to stabilize production rates for 737 airliners later this year after the aerospace manufacturer has had to periodically pause the line to address quality issues.