The surprising reason why Americans could face high beef prices for years

Beef prices are soaring — and economists warn Americans shouldn’t expect relief anytime soon, as the U.S. cattle herd shrinks to its smallest size in 75 years. The massive decrease in cattle numbers has been caused by years of drought, soaring costs and an aging ranching workforce. Agricultural economists and ranchers alike say rebuilding herds … Read more

Breaking the Fourth Wall: Left-wing groups defiant as GOP sheds light on groups tied to China

As House Ways and Means Committee Chairman Jason Smith dropped the gavel at 10:05 a.m. on Tuesday opening a hearing on “malign foreign influence,” the groups under scrutiny did not retreat, apologize or go silent. They escalated. Inside Room 1100 of the Longworth House Office Building, Smith warned that the U.S. nonprofit sector had become … Read more

UK wealth manager and price comparison site shares fall amid AI fears

Drop comes as AI firm Altruist launches service that helps advisers create personalised tax strategies Business live – latest updates Wealth managers and price comparison sites have become the latest companies to be hit by fears that their businesses will be disrupted by new artificial intelligence innovations. Shares in UK wealth management firms tumbled on … Read more

Russia plays prideful, but there’s no doubt the Olympics ban is hurting | Bruce Berglund

Some Russians have dismissed the Games over the continued exclusion of their athletes. But the truth is international sport is still important to Moscow Duma member Vitaly Milonov didn’t mince words when asked four years ago about the international ban against Russian athletes. “There’s no point in humiliating ourselves and begging to be let in,” … Read more

Grand jury rejects DOJ effort to indict Democratic lawmakers who urged military to defy illegal orders

A grand jury in the nation’s capital on Tuesday refused the Justice Department‘s attempt to indict a group of Democratic lawmakers who encouraged U.S. military members to ignore “illegal” orders in a video posted online. The DOJ opened an investigation into the video featuring six Democratic lawmakers calling on troops and members of the intelligence … Read more

Markets brace for US jobs report, with White House telling investors ‘they shouldn’t panic’ – business live

Trump adviser Peter Navarro says ‘we have to revise our expectations down’ because of US deportation programme Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. It’s non-farm payrolls day! The eagerly-awaited US jobs report is out today, and the White House has been trying to moderate … Read more