Economy & Business

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John Stossel critiques socialist policies, exposing economic harm and failed government projects in cities like NYC and Minneapolis. Air Canada faces flight suspensions due to a 10,000-staff strike, leaving passengers stranded as governments urge resolution. SoftBank's PayPay seeks a $10+ billion US listing to fund AI investments. Foxconn shifts focus from smartphones to AI servers and electric vehicles amid geopolitical tensions. The White House Press Secretary highlights stable inflation and wage growth under Trump, dismissing economic concerns as "panic." Ford invests $5 billion to simplify EV production, inspired by the Model T, aiming to make vehicles more affordable. India's GATI scheme threatens U.S. jobs and sovereignty by flooding industries with millions of workers.

Updated: 8/17/2025

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