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Is Miami really costlier than New York City? Why top developers say the math still favors Florida
While recent economic data suggests South Florida has lost its cost advantage over New York, top real estate developers argue the numbers fail to tell the full story. Key executives…
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Trump Drug-Price Policy Is Already Changing Where New Medicines Get Launched
President Donald Trump’s effort to bring U.S. prescription-drug prices closer to those paid overseas is already changing pharmaceutical companies’ behavior far beyond America. Drugmakers are increasingly holding back applications for…
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Stripe clinches over $7 billion deal to buy AI firm OpenRouter
Stripe Inc. has finalized an agreement to acquire OpenRouter Inc., a startup that helps companies switch between artificial intelligence models, for more than $7 billion, according to people familiar with…
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Jane Street Absorbs $15 Billion AI-Related Hit — and Is Still Having a Record Year
Jane Street, one of the most powerful trading firms on Wall Street, suffered an extraordinary $15 billion hit in July after an AI-stock selloff battered positions connected to one of…
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Middle East Crisis Costs Hapag-Lloyd $600 Million in Just Three Months
The Middle East shipping crisis cost Hapag-Lloyd approximately $600 million in the second quarter alone, putting a concrete price tag on how geopolitical disruptions at the Strait of Hormuz are…
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Anthropic’s $2 Trillion IPO Bet Rests on Revenue Surging to $200 Billion by 2028
Anthropic is preparing for what could become one of the largest initial public offerings in history, but the potential $2 trillion valuation comes with an extraordinary assumption: investors are being…
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US pressure ramps up as Kushner, Mladenov to meet with Netanyahu to advance Trump’s Gaza plan
Jared Kushner, Nikolay Mladenov, and Tony Blair are expected to meet with Prime Minister Benjamin Netanyahu and other senior Israeli officials on Monday, continuing to apply pressure on Israel to…
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Earnings from Walmart and other top retailers will give investors more clues on the housing market and how consumers are grappling with inflation
Wall Street will get financial updates from some of the nation’s biggest retailers this week, along with more details from the Federal Reserve’s most recent meeting. Home Depot reports its…
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ServiceNow CFO: Trillions are being spent on AI initiatives. Are companies asking these 3 key questions?
The hardest investment decisions in business are rarely between a good idea and a bad one. More often than not, they’re between many good ideas, all backed by smart people,…
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Eisenkot’s Yashar unveils plan to support new olim integrating into Israel
Yashar presented its absorption plan for new olim (immigrants) on Sunday, aiming to reach a goal of two million olim by 2048 if elected. The plan seeks to make absorption…
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Justice Department Probes Iron Ore Trader Radiant World
The Justice Department and the Commodity Futures Trading Commission are investigating transactions tied to Radiant World, the privately held firm that grew into one of the world’s largest iron ore…
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Israel and Honduras deepen defense ties with new memorandum of understanding
Israel and Honduras entered into a Memorandum of Understanding with Honduras in a Sunday signing ceremony, the Defense Ministry announced in a statement. Defense Minister Israel Katz and his Honduran…
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What to Expect in Markets This Week: The American Consumer Takes Center Stage
Wall Street enters the new week near record territory, but investors are about to get a much clearer answer to the question hanging over the economy: Are American consumers finally…
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Scott Bessent fired a currency bazooka, but global finance still looks like a ‘giant Jenga tower’ propped up by a Japanese yen that’s in deep trouble
The first U.S.-Japan joint intervention in three decades aimed at boosting the yen has come and gone without doing much to ease anxiety in currency markets. Treasury Secretary Scott Bessent’s…
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Tenant filing disputes landlord claims in NYC rent freeze case
New York City tenant advocates aren’t sitting out the legal battle over a rent freeze. They came off the sidelines and entered the courtroom fray to ensure the freeze stays…
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U.S. to trim military exercises with South Korea after Trump says Seoul declined to help on Iran while the North is ‘unthreatening and respectful’
President Donald Trump ordered the Pentagon on Sunday to scale back planned joint military exercises with South Korea after the Republican president said South Korea declined to help denuclearize Iran.…
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Walmart Rolls Back Coke and Pepsi Prices While Tariffs Raise Tomatoes
A 24-pack of Coca-Cola that cost $14.97 at Walmart now costs $9.97. A pound of fresh tomatoes costs about a fifth more than it did a year ago. Both are…
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Owning the Lakers would provide billionaire investor Joshua Kushner with an iconic sports franchise — and a ‘powerful tax shield’
Thrive Capital founder Joshua Kushner and former Disney CEO Bob Iger stunned the sports world this week with a deal to buy the Los Angeles Lakers for a record $12.5…
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Amazon Makes It Harder for Customers to Sue as Class Actions Are Shut Out
Amazon has quietly changed the legal rules governing millions of U.S. customers, bringing back mandatory arbitration and barring most consumers from joining class-action lawsuits against the company. The new terms…
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Hamas’s popularity is falling, but Khalil al-Hayya remains more popular than PA’s Abbas – poll
Though Hamas’s popularity has declined among Palestinians in the West Bank and Gaza, Hamas leader Khalil al-Hayya still commands more support than Palestinian Authority President Mahmoud Abbas, according to a…
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Definium’s One-Dose LSD Pill Cuts Anxiety Within Days in Historic Phase 3 Win
A psychiatric drug unlike anything currently approved in the United States just cleared a major hurdle. Definium Therapeutics said Wednesday that a single dose of its LSD-based tablet significantly reduced…
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Arab-Israeli activist Yoseph Haddad enters politics with new party ahead of elections
Arab Israeli activist Yoseph Haddad registered a new political party ahead of the upcoming elections and has been holding talks with various figures about joining his slate, Haddad’s office confirmed…
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Waymo Prank Exposes Robotaxi Fleet Weak Spot in California
Fifty people standing on one San Francisco dead-end street, each tapping the ride button at the same moment, were enough to take a slice of Waymo’s fleet out of service…
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Granola sold nationwide on Amazon recalled over salmonella contamination fears
Granola marketed to breastfeeding mothers and sold nationwide is being recalled over concerns that it may be contaminated with salmonella. The Hampton Grocer, Inc., a New York-based company, is recalling…
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Iran’s oil is trapped while rivals’ exports from the Persian Gulf are poised to surge, but Tehran could do whatever it takes to break the chokehold
The U.S. can’t fully reopen the Strait of Hormuz, and Iran can’t stop every ship from transporting oil through narrow waterway. At the same time, the U.S. is preventing Iran…
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New Jersey councilwoman to Zohran Mamdani: You are the mayor – act like it! – opinion
Dear Mayor Mamdani, Local politics is complicated, believe me I know more than most. People run for local office without knowing the job. Without ever stepping foot in a public…
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Musk Returns to Trump’s Side With $100 Million Midterm Push
Fourteen months ago Elon Musk accused the president of being named in the Epstein files, threatened to primary every Republican who voted for the White House’s signature tax bill, and…
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A historic shortage is squeezing an American dinner staple and relief could be years away
Relief from high beef prices may depend on something that can’t be fixed overnight: rebuilding America’s shrinking cattle herd. America’s ranchers are facing their smallest cattle herd in 75 years,…
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Lakers Owner, Needing Cash, Agrees to Record $12.5 Billion Sale
Mark Walter bought the Los Angeles Lakers about 14 months ago. This week he agreed to sell them for $2.5 billion more than he paid, to a pair of buyers…
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Reagan National Flights to Stop for Three Hours Aug. 23
Travelers using Ronald Reagan Washington National Airport later this month face a planned three-hour shutdown of flight operations as Washington prepares for the Freedom 250 Grand Prix. The Federal Aviation…
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Pay-for-slay: Could the Palestinian Authority be held legally liable for October 7?
Can the Palestinian Authority (PA) be held civilly responsible for the October 7 massacre even if the plaintiffs cannot produce records showing that it directly paid the Hamas terrorists who…
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American Saving Nears a Record Low, Putting Spending at Risk
Americans are putting away less money than at almost any point on record, and the cushion that has kept household spending going is nearly flat. The plain version is this.…
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During the Costco apparel attack, customers detained an arm-suspect with a spade and a machete: reports
. According to local reports, a man who allegedly reportedly smashed into a South Carolina Costco apparel display before being helped detained by customers and employees reportedly had to use…
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JBizNews Business Roundup — August 16, 2026
German Investment in U.S. Plunges Nearly Two-Thirds as Companies Hold Back New Capital German companies sharply reduced new investment in the United States during the first half of 2026, offering…
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Alphabet Turned a $900 Million SpaceX Investment Into More Than $90 Billion
Alphabet’s early investment in SpaceX has become one of the most valuable corporate bets of the past decade, turning roughly $900 million invested in 2015 into a stake worth more…
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Maine Draws Hamptons and Nantucket Prices as $10 Million Sales Multiply
A house in Maine used to be the cheap alternative. Now a stretch of its coastline is trading at prices that would not look out of place on Long Island’s…
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Avocado pickers in Mexico restart exports as security alert is lifted but are ‘at the mercy of whatever the U.S. market and government decide’
It didn’t take long for Mexican avocado picker Francisco Isidro to get back to work after authorities announced the lifting of a U.S. security alert that temporarily halted avocado exports. Back…
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Kushner, Blair, BoP head Mladenov meet Hamas delegation in Cairo over Gaza roadmap, sources say
US envoy Jared Kushner, former British prime minister Tony Blair, and Gazan Board of Peace (BoP) Director-General Nikolay Mladenov met with a Hamas delegation in Cairo on Sunday to discuss…
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Safeway closing more locations as Albertsons reopens its doors following the unsuccessful merger
of Kroger. Following the collapse of its proposed$ 24 billion acquisition with Kroger, Safeway will shut down more locations as its parent company Albertsons Businesses reviews its financial footprint. While…
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U.S. EV Sales Collapse 27% After Tax Credits Disappear
American electric-vehicle sales are moving sharply in the opposite direction from much of the world, offering one of the clearest real-world tests yet of what happens when a major government…
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Cotality: Wildfire risk threatens $1.4T in properties across western states
More than 2.5 million properties across the 10 most exposed western states face a moderate or greater risk of wildfire damage, representing nearly $1.4 trillion in reconstruction cost value (RCV),…
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Maker of ice cream sold at grocery stores nationwide files for bankruptcy as it appeals $23.8M judgment
Rebel Creamery has filed for Chapter 11 bankruptcy protection in Utah, reporting approximately $13.78 million in assets and $23.85 million in liabilities as it appeals a $23.785 million judgment awarded…
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Married Americans Got Their Happiness Back, Splitting the Consumer Base in Two
The only Americans showing a clear positive balance of happiness after the pandemic are married ones, according to Sam Peltzman, an economist at the University of Chicago’s Booth School of…
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Cold-Calling in France Now Costs $87,000 a Call
France banned telemarketing calls made without prior consent as of Tuesday, Aug. 11, with penalties of up to €75,000 — about $87,000 — for each illegal call placed by an…
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Google Cuts Cost of New Business AI Model in Half — Here’s What It Actually Costs
Google is making artificial intelligence substantially cheaper for businesses to use, launching a new Gemini model Thursday at half the price of the model it is replacing as the competition…
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China’s Car Exports Outrun the World’s Ships
China is now building and selling so many cars abroad that the world has run out of boats to move them. The ships that carry vehicles across oceans are a…
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Garden State Initiative Urges New Jersey to Rewrite Its Energy Plan
The core recommendation in a report released Thursday is simple enough to state in one line: New Jersey should not shut down a working power plant until the thing meant…
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There isn’t just one AI bubble, strategist says — there’s a ‘rolling sequence of bubbles’ instead
The question of whether AI is a bubble is the wrong one, Dhaval Joshi argues. The right question is: which AI bubble is popping today? Joshi, until recently the chief…
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Israel cannot wait forever for peace as Iran rapidly rebuilds its missile program – editorial
The clock has been ticking for two months since the June “ceasefire” between the US and Iran, and still the Islamic Republic is rearming. That should dominate Israel’s thinking about…
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Trump Orders Major U.S. Navy Shipbuilding Overhaul, Opens Door to Foreign-Built Warships
President Donald Trump has ordered one of the biggest restructurings of U.S. naval shipbuilding in decades, directing the Pentagon to create a fifth public Navy shipyard while opening the door…
2026-03-11