-
Hike, Cut, or Pause: The Impossible Choice Facing Kevin Warsh’s Federal Reserve
By JBizNews Desk Kevin Warsh got the job he wanted. Now he has to make the kind of decision new Federal Reserve chairmen almost never face immediately: whether to raise…
-
America’s Economic Dashboard Is Broken: Wall Street Is Breaking Records While Main Street Is Drowning. America Needs a New Economic Scorecard.
America’s economic dashboard is flashing green. The S&P 500 trades near 7,400, a record. The Nasdaq has pushed past 26,000, also a record. The Dow sits near all-time highs. On…
-
Mango Heir Says Weak Knees Led to Father’s Fatal Tumble as Defense Insists Billionaire Founder’s Death Was an Accident
JBizNews Desk — May 29, 2026 Lawyers for Jonathan Andic, the son and heir of late Mango founder Isak Andic, filed an appeal Thursday seeking to overturn the provisional detention…
-
How ETFs can be effective building blocks for retirees
Americans who are retired or are approaching retirement and are evaluating their investment portfolios can turn to exchange-traded funds (ETFs) that may offer built-in diversification for core holdings or exposure to…
-
Bitcoin ETFs Bleed $2.8 Billion in Nine Days as Big Money Rotates Into AI Stocks
By JBizNews Desk NEW YORK — May 29, 2026 — Investors have pulled approximately $2.8 billion from U.S. spot Bitcoin exchange-traded funds over nine consecutive trading days, marking the longest…
-
Three Years to Rearm: Why the Iran War Left America Worried About China
By JBizNews Desk The United States fired more than a thousand Tomahawk cruise missiles at Iran. Replacing them could take until late 2030. That one number, from a new analysis…
-
Defense establishment developing new solutions against Hezbollah’s fiber-optic FPV drones
Hezbollah’s first-person view (FPV) drones have caused casualties and injuries among IDF troops in southern Lebanon, prompting the defense establishment to advance new interception and detection solutions. FPV drones, unlike…
-
Washington Opens the Checkbook to U.S. Drone Makers as Pentagon Races to Catch China
The federal government is preparing to write the biggest checks American drone manufacturers have ever seen — and, in a sharp break from how Washington has historically done business with…
-
Canada Falls Into Recession for First Time Since 2020 as Tariffs, Oil Shock Bite
By JBizNews Desk OTTAWA — May 29, 2026 — Canada has officially fallen into recession for the first time since the COVID-19 pandemic after Statistics Canada reported Friday that the…
-
Supreme Court Lets Vermont Sue Meta Over Instagram, Exposing Company to Claims Across All 50 States
JBizNews Desk — May 27, 2026 The U.S. Supreme Court on Tuesday declined to hear an appeal from Meta Platforms, allowing the state of Vermont to continue pursuing a lawsuit…
-
The West’s Carmakers Are Losing the China Fight — and Now the Fight Is Coming Home
By JBizNews Desk The world’s legacy automakers are no longer fighting to win in China. Increasingly, they are fighting to preserve their position in the global auto industry itself. Ford…
-
Lululemon Ends Boardroom War With Founder Chip Wilson, Giving Him Two Seats as Shares Slide
JBizNews Desk — May 28, 2026 Lululemon Athletica has reached a settlement with founder Chip Wilson, ending a bitter proxy battle that had escalated publicly over recent months and handing…
-
One Million New-Car Buyers Have Walked Away — and the Industry Doesn’t Expect Them Back
By JBizNews Desk Something has quietly changed in the American car business, and the people who run it have stopped pretending it’s temporary. For five straight years before 2020, Americans…
-
Jamie Dimon reveals what he told Mamdani after private meeting, says ideology can lead mayors to fail
JPMorgan Chase CEO and Chairman Jamie Dimon is offering up details about his one-on-one meeting with New York City’s Democratic Socialist mayor, Zohran Mamdani. “I had a great meeting with…
-
Nuclear Power Startup Newcleo to Go Public in SPAC Deal
May 28, 2026 — Newcleo Ltd., the advanced nuclear developer building reactors that run on recycled atomic waste, said in a company statement Wednesday that it has agreed to merge…
-
Zuckerberg Says Meta Might Get Into the Cloud Business — if It Builds More Than It Needs
By JBizNews Desk Mark Zuckerberg said something Wednesday that could quietly reshape the cloud computing business. Asked at Meta’s annual shareholder meeting whether the company would ever compete with Amazon…
-
LG Shares Surge 24% After Unveiling Google-Powered Automotive Software Platform
By JBizNews Desk SEOUL — May 29, 2026 — Shares of LG Electronics surged as much as 24% Friday after the South Korean technology giant unveiled a new generation of…
-
Best Buy, Kohl’s, and Dollar Tree Beat Expectations as Consumers Keep Spending Despite Inflation
JBizNews Desk — May 29, 2026 Three major U.S. retailers delivered stronger-than-expected earnings Thursday morning, sending shares higher across the sector and offering fresh evidence that American consumers are still…
-
Bezos’ Blue Origin Suffers Launchpad Explosion as SpaceX Prepares Historic IPO
By JBizNews Desk CAPE CANAVERAL, Fla. — May 28, 2026 — Blue Origin’s flagship New Glenn rocket exploded during a ground test Thursday night at Cape Canaveral, dealing a major…
-
MLW CEO Court Bauer stresses importance of show remaining free ahead of Veeps debut
Major League Wrestling (MLW) announced a partnership with Veeps earlier this week, marking the latest free streaming platform the promotion will appear on – joining YouTube and beIN Sports. “MLW…
-
Apple Bets Its Comeback on a Rebuilt Siri Coming to iPhones This Fall
JBizNews Desk — May 28, 2026 Apple is preparing the biggest overhaul of Siri since the voice assistant debuted nearly 15 years ago, betting that a completely rebuilt AI-powered version…
-
Breaking: Starbucks and Meta Pay Bonuses for AI Use as Companies Chase Up to $54,000 in Annual Value Per Worker
JBizNews Desk — Thursday, May 28, 2026 Artificial intelligence is no longer a perk, pilot program, or side project inside Corporate America. It is increasingly becoming part of employee compensation.…
-
Dell Stock Soars 31% After Record AI Server Sales, $24 Billion in New Orders Crush Wall Street Forecasts
JBizNews Desk — May 28, 2026 Dell Technologies shares surged as much as 31% in after-hours trading Thursday after the company reported a record-breaking quarter fueled by explosive demand for…
-
Trump Jr.-Backed Drone Maker Unusual Machines Soars 57% on Report of Federal Funding Talks
JBizNews Desk — May 28, 2026 Shares of Unusual Machines, the drone-components company tied to Donald Trump Jr., surged roughly 57% Thursday after reports emerged that the Trump administration is…
-
DeSantis Pushes Plan to Eliminate Property Taxes on Primary Homes — And It Could Reshape Florida’s Economy
Florida Governor Ron DeSantis on Wednesday unveiled one of the most aggressive tax-cut proposals currently under discussion anywhere in the United States: a long-term plan to eliminate property taxes on…
-
Treasury Launches ‘Trump Accounts’ App, Giving Parents Access to $1,000 Federal Investment Program for Children
JBizNews Desk The U.S. Department of the Treasury on Thursday officially launched the new “Trump Accounts” mobile app, opening the primary gateway to a federal savings initiative that will provide…
-
LARRY KUDLOW: For Both Reagan and Trump on the Economy and a Nuclear Axis of Evil, Trust but Always Verify
So here we are again at the Reagan Library, Simi Valley, California. It is a fabulous, fabulous place. Meanwhile, my first job in politics was the deputy budget director for…
-
Bitcoin Sinks Below $73,000 as War Fears Beat Trump’s “Crypto Capital” Pitch
JBizNews Desk — May 28, 2026 Bitcoin fell below $73,000 Thursday, sliding sharply even as President Donald Trump renewed his pledge to make the United States “the crypto capital of…
-
UK Spy Chief Warns China Is Closing the Cyber Gap With the West, Urges Businesses to Step Up
By JBizNews Desk LONDON — The head of Britain’s electronic intelligence agency will warn Wednesday that China is rapidly closing the technological gap with the West and that the United…
-
UAE exits OPEC and OPEC+, seeking output flexibility as global energy markets tighten
The United Arab Emirates said Tuesday it is pulling out of OPEC and OPEC+, a move that could reshape production strategy as global oil markets face supply constraints and rising…
-
Mamdani’s $22 billion ‘grand bargain’ for NYC affordable housing
Zohran Mamdani ran for mayor on one promise: make New York City affordable again. This week, he moved to further dismantle the rules New York spent decades erecting to prevent…
-
S&P and Nasdaq Hold Near Records as 3.8% Inflation Meets Iran Ceasefire Hopes; Microsoft and Oracle Lead While Nvidia Slips
JBizNews Desk — May 28, 2026 U.S. stocks closed mixed Thursday but remained near record highs after new inflation data showed consumer prices accelerating to their highest level in nearly…
-
Anthropic Overtakes OpenAI as World’s Most Valuable AI Startup With $965 Billion Round
JBizNews Desk — May 28, 2026 Anthropic said Thursday it has closed a $65 billion Series H funding round at a $965 billion post-money valuation, according to a company announcement…
-
EM Dollar Bonds Beat U.S. Credit Through Iran War as UBS’ Khan Sees a Regime Shift
By JBizNews Desk For the first time in more than a decade, the assets Wall Street spent years avoiding are suddenly outperforming the markets investors once viewed as untouchable. That…
-
Meta rolls out paid subscription plans for Facebook, Instagram and WhatsApp
Meta is rolling out paid subscription plans for Facebook, Instagram and WhatsApp as the company expands premium features and artificial intelligence offerings across its platforms. Meta head of product Naomi…
-
Wall Street’s Biggest Banks Are About to Have a Blockbuster Quarter — And It’s the Iran War, AI Volatility and Private Credit Fears Driving It
The same forces making ordinary investors nervous are about to produce one of the strongest trading quarters in years for America’s largest banks. Speaking Wednesday at the Bernstein Strategic Decisions…
-
Tilman Fertitta Wins Caesars After Decade-Long Pursuit in $17.6 Billion Deal
Houston billionaire Tilman Fertitta is finally getting the casino empire he has spent nearly a decade chasing. On May 28, 2026, Fertitta Entertainment announced a definitive agreement to acquire Caesars…
-
Boston Bets on California’s Billionaire Tax to Win Back AI Founders
Massachusetts believes California may have just handed Boston its best recruiting tool in years. Business leaders, venture investors, and political officials across Boston are increasingly positioning a proposed California billionaire…
-
Trump claims Vance’s anti-fraud task force could ‘save Social Security’ and balance budget
The anti-fraud task force being led by Vice President JD Vance may balance the budget and could help save Social Security, President Donald Trump said during Wednesday’s Cabinet meeting at…
-
Pennsylvania lawmakers set to vote on home equity investment regulations
Pennsylvania lawmakers are moving to bring home equity investment (HEI) companies under state banking oversight, with a floor vote scheduled June 1. The legislation, House Bill 2120, would subject shared…
-
NYC begins redesign of McGuinness Boulevard
Work on the redesign of Greenpoint’s notorious McGuinness Boulevard finally began this week after several years of delays and project changes. Mayor Zohran Mamdani and the Department of Transportation on…
-
China’s Factory Profits Leap 24.7% in April, Fastest Gain in More Than Two Years — and U.S. Chip Stocks Are Feeling It
BEIJING — China’s factories posted their strongest monthly profit growth in more than two years in April, with earnings at the country’s largest industrial companies jumping 24.7% year-over-year, according to…
-
Shoppers Keep Spending As U.S. Retail Earnings Top Wall Street Forecasts
American consumers are still spending — just far more selectively than they were a year ago. That is the clearest message emerging from the first-quarter retail earnings season, where a…
-
Citadel Securities Says Markets May Be Underpricing Odds of an Iran Deal and Strait of Hormuz Reopening
Wall Street may be making a major geopolitical miscalculation. That is the view emerging from Citadel Securities, where strategist Frank Flight warned on May 28 that financial markets appear to…
2026-03-11