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Zuckerberg says Meta layoffs tied to AI spending, won’t rule out future cuts
Meta CEO Mark Zuckerberg said Thursday the company’s latest round of layoffs is tied to increased spending on artificial intelligence, while leaving the door open to additional job cuts. Zuckerberg…
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Small Business Insurance Premiums Climb 28% Year-Over-Year as Carriers Cite Geopolitical and Climate Risks
New York, April 30, 2026 – Small businesses across the country are facing a sharp 28% average increase in insurance premiums this year, according to new data compiled from major…
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MAINE SIGNS MILLIONAIRE INCOME SURCHARGE INTO LAW AS HIGH-EARNER TAX MOMENTUM SPREADS ACROSS STATES
A wave of state-level tax increases targeting top earners is gaining ground across the country, and Maine has now joined it — putting a fresh burden on high-income residents and…
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Iran’s Rial Hits Record Low as U.S. ‘Economic Fury’ Sanctions Bite: Treasury Secretary Bessent Says Iranian People ‘Deserve a New Era’
New York, NY – April 30, 2026 – Iran’s currency plunged to a fresh all-time low in the free market Thursday, trading at approximately 1.81 million rials per U.S. dollar,…
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Bank of America Small Business Report Shows 23% Surge in Energy Spending as Oil Prices Remain at 4-Year Highs
New York, April 30, 2026 – Bank of America today released its latest Small Business Owner Report, revealing a 23% year-over-year jump in small firms’ spending on gasoline and energy…
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Trump says King Charles ‘got me to’ drop whisky tariffs after royal visit
President Trump announced on Thursday that he is removing tariffs on Scotch whiskey following a four-day British royal state visit to the United States, crediting King Charles III and Queen…
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Fidelity, Vanguard reportedly pause SPLC grants after federal fraud charges
Fidelity and Vanguard’s charitable arms have reportedly paused grants to the Southern Poverty Law Center (SPLC) through their donor-advised funds after the group was indicted on federal charges. The Justice…
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U.S. Chamber of Commerce Small Business Index Falls to 18-Month Low in April Amid Surging Energy Costs and Insurance Pressures
New York, April 30, 2026 – The U.S. Chamber of Commerce released its April Small Business Index today, revealing a drop to its lowest level in 18 months as owners…
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Major Banks Notify Small Retailers of Tighter Credit Limits and Higher Processing Fees Amid Cost Pressures
By JBizNews Desk — April 30, 2026 Several large regional banks issued after-close alerts to small-business clients announcing tighter credit lines and 0.5–1 percentage point increases in credit-card processing fees,…
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Closing Bell: All Top Business Stories – S&P Hits Record High Amid Tech Earnings and Oil Surge
April 30, 2026 – JBizNews Staff New York — Wall Street powered higher on Thursday, with all major averages closing strong and the S&P 500 and Nasdaq Composite hitting fresh…
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As political tensions rise
, mortgage rates rise. Mortgage buyer Freddie Mac reported on Thursday that mortgage rates increased somewhat this year. The benchmark 30-year fixed mortgage‘s average rate increased to 6.3 % from…
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OSHA Issues New Guidance on Heat Stress Protection for Outdoor and Warehouse Workers as Summer Approaches
By JBizNews Desk — April 30, 2026 The Occupational Safety and Health Administration released updated guidance late Wednesday urging small businesses with outdoor or warehouse operations to implement mandatory heat-stress…
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LARRY KUDLOW: Never bet against the Trumpian America First economy
If any of the Iranian thugs from the Islamic Revolutionary Guard Corps think a minor bump up in gas prices is gonna kill the American economy, and force President Trump…
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FedEx to Acquire Last‑Mile Startup Gophr for $1.2 B, Shifting the Delivery Landscape for Small Businesses
By JBizNews Desk — April 30, 2026 Building on yesterday’s report on FedEx’s logistics investments, the courier giant announced a definitive agreement to acquire U.K.‑based last‑mile delivery platform Gophr for…
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Apple chief Tim Cook says it was the ‘right time’ to step down as CEO
Apple CEO Tim Cook says he is stepping down after 15 years as chief executive because three key factors aligned: Apple’s current performance, its product roadmap and the readiness of…
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Walmart and Target Suppliers Receive Notice of Extended Payment Terms — Small Vendors Brace for Cash-Flow Squeeze
By JBizNews Desk — April 30, 2026 Major suppliers to Walmart and Target confirmed after the close that both retailers have extended standard payment terms from 30 to 45–60 days…
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Elon Musk says he was a ‘fool’ for funding OpenAI: report
Elon Musk reportedly said he felt like a “fool” for backing Sam Altman’s OpenAI. The remarks came during Musk’s lawsuit accusing OpenAI of abandoning its original mission to develop artificial…
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US national debt surpasses size of the economy for first time since World War II
The U.S. national debt has now surpassed the size of the U.S. economy, a historic threshold that hasn’t been crossed since the conclusion of World War II. Data released by…
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US economic growth bounces back, as AI buildout and consumer spending fuel first quarter
U.S. economic growth rebounded in the first quarter of the year from a sluggish fourth quarter, according to the Commerce Department’s latest estimate. The Bureau of Economic Analysis (BEA) on…
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Utility Companies Announce 8–10% Rate Hikes for Small-Business Customers Effective June 1 as Energy Costs Remain Elevated
By JBizNews Desk — April 30, 2026 Several major regional utilities notified small-business customers late Wednesday that electricity and natural-gas rates will rise 8–10 percent starting June 1, citing sustained…
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NFIB Small Business Optimism Index Plunges to 11-Month Low in April on Surging Energy Costs and Geopolitical Uncertainty
New York, April 30, 2026 – The National Federation of Independent Business (NFIB) released its April Small Business Optimism Index today, revealing a sharp decline to its lowest level in…
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Breaking: NYC Targets Key Business Tax Credit Amid $5B+ Budget Crunch, Sparking Alarm Among Small Firms and Corporate Leaders
New York, April 30, 2026 – New York City Mayor Zohran Mamdani and City Council Speaker Julie Menin are intensifying efforts to scale back a major tax benefit used by…
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Elon Musk tells court he was a ‘fool’ for funding OpenAI: report
Elon Musk reportedly said he felt like a “fool” for backing Sam Altman’s OpenAI. The testimony came in Musk’s lawsuit accusing OpenAI of abandoning its mission to develop artificial intelligence…
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Trump signs order aiming to help expand access to retirement accounts
President Donald Trump signed an executive order on Thursday to help expand access to retirement savings accounts for Americans who do not have employer-provided plans. “Beginning at the start of…
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Hertz, Uber team up to build robotaxi fleets in major mobility push
Hertz is expanding beyond its traditional car rental business through a new partnership with Uber aimed at powering both autonomous robotaxi fleets and driver-led rideshare operations, signaling a broader shift…
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SBA Rolls Out $12 Billion Low-Interest Loan Program to Ease Insurance and Labor Burdens for Small Retailers
By JBizNews Desk — April 30, 2026 The U.S. Small Business Administration today launched a new $12 billion low-interest loan initiative specifically tailored for small retailers struggling with soaring insurance…
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Child safety risk sparks popular nasal spray recall, nearly 800K bottles impacted
Bayer issued a recall for nearly 800,000 units of Afrin nasal spray bottles after the packaging was found not to be child resistant on Thursday. The U.S. Consumer Product Safety…
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Homeownership Slips Further Out of Reach for First-Time Buyers Even as Assistance Programs Expand
WASHINGTON — Buying a first home in America has rarely been more difficult, as elevated mortgage rates, limited inventory, and persistently high prices continue to sideline millions of would-be buyers…
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Democrats Press Hegseth on Iran War Costs
Defense Secretary Pete Hegseth faced one of his sharpest Capitol Hill confrontations yet on Wednesday as House Democrats challenged the cost, legal basis and military consequences of the U.S. conflict…
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Small Businesses Are Hiring — But Skilled Labor Shortage Persists
WASHINGTON — America’s small businesses are accelerating hiring at one of the fastest paces in years, but a persistent shortage of qualified workers is limiting how far that momentum can…
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Netflix Stock Drops 32% — Why the Pullback Is a Major Buying Opportunity
By JBizNews Desk NEW YORK — April 30, 2026 Netflix (NASDAQ: NFLX) shares have tumbled more than 32% from their 52-week high, trading near $91–92 after the company’s Q1 2026…
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Starbucks U.S. Sales Jump as Staffing Bet Pays Off
Starbucks delivered a stronger-than-expected rebound in U.S. sales, giving investors an early sign that its costly push to add labor and improve store operations is starting to gain traction. According…
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SpaceX Satellite Phone Plans Face Major Roadblock as AT&T Pushes Back
By JBizNews Desk NEW YORK — April 30, 2026 SpaceX’s ambitious plans for a direct-to-cell satellite phone service — allowing ordinary smartphones to connect directly to Starlink satellites without traditional…
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FedEx, UPS Pledge Tariff Refunds to Customers
FedEx and UPS say they plan to return tariff-related refunds to customers if the U.S. government pays back duties tied to now-invalidated import levies, a step that could ripple through…
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US rakes in $3B in 90 days from Intel stock, Trump says
President Donald Trump says the U.S. has brought in $30 billion in funds generated from federal stock holdings in Intel over the past 90 days alone. Trump made the announcement…
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Airlines Issue Urgent Fuel Cost Warnings as Oil Tops $125
By JBizNews Desk NEW YORK — April 30, 2026 Major U.S. airlines including Delta, United, and American issued fresh warnings Thursday that the explosive rise in jet fuel prices —…
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General Dynamics Revenue Climbs on Submarines and Gulfstream Demand
General Dynamics opened 2025 with stronger-than-expected sales growth as submarine construction and business-jet deliveries lifted first-quarter revenue to $12.22 billion, underscoring how defense spending and corporate aviation demand continue to…
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Fed Officials Strongly Oppose Early Rate Cuts as Kevin Warsh Prepares to Become New Chair
By JBizNews Desk WASHINGTON — April 30, 2026 Kevin Warsh is on the verge of becoming the next chairman of the Federal Reserve — but if Wednesday’s dramatic policy meeting…
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FedEx Opens $1.2 Billion Regional Hub in Cleveland, Promising New Lifeline for Midwest Small Manufacturers
By JBizNews Desk — April 30, 2026 Building on JBizNews’ March 12, 2026 report on FedEx’s Dallas hub expansion, today the logistics giant announced the opening of a $1.2 billion regional hub in…
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US Stocks Open Mixed on April 30, 2026: Solid Q1 GDP & AI Earnings Drive Economic Optimism, But Middle East Geopolitical Tensions & Political Rhetoric Keep Oil Elevated
New York, April 30, 2026 – U.S. equities opened with a mixed tone Thursday morning as investors weighed fresh Big Tech earnings reactions, the advance Q1 GDP print, and yesterday’s…
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Kroger Teams Up with Shopify to Let Small Businesses Sell Directly in Grocery Aisles — A Boost for Local Sellers or New Operational Squeeze?
By JBizNews Desk — April 30, 2026 Major Retail Partnership Aims to Reshape Grocery Shelves Kroger, one of America’s largest grocery chains, has announced a new collaboration with Shopify that…
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Elon Musk Testifies He Was a ‘Fool’ for $38 Million OpenAI Funding as AI Giant Hits $800 Billion Valuation
By Elena Vargas JBizNews Senior Technology Correspondent Oakland, CA — April 29, 2026 Elon Musk told a federal court Wednesday that he regrets providing nearly $38 million in early “free…
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Walmart Partners with Square to Cut Payment Costs for Small Retailers Amid Rising Operating Expenses
By JBizNews Desk — April 30,2026 Building on yesterday’s JBizNews report on rising payment‑processing fees for small businesses, Walmart announced a new partnership with Square that could reshape how independent…
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FedEx, UPS pledge to refund customers after Supreme Court tariff decision
FedEx and UPS said they will return tariff refunds to customers after a Supreme Court ruling opened the door to potentially billions of dollars in reimbursements tied to Trump-era import…
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Tesla Just Dropped Big News About Its Electric Semi Truck — First Unit Rolls Off High-Volume Production Line
By JBizNews Desk — April 30, 2026 Tesla has delivered a major milestone in the push toward electrifying long-haul trucking. Late Wednesday, the company announced on X that the first…
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Behind Tehran’s calm, Iran faces deepening economic collapse
On the surface, the streets of Tehran appear to have returned to normal. Cafés are open, and traffic jams in the capital have resumed their usual pace. However, beneath this…
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Samsung Chip Profits Explode Nearly 50-Fold in Q1 on Explosive AI Demand
By JBizNews Desk SEOUL — April 30, 2026 Samsung Electronics reported a stunning surge in first-quarter profit, with its semiconductor division delivering a nearly 49-fold jump in operating profit to…
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Fed’s favored inflation gauge remained elevated in March
This story about the March 2026 PCE inflation is developing and will be updated with more details. The Federal Reserve’s preferred inflation gauge remained stubbornly high in March as consumers continued…
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Raw Milk Bills Advance Despite New Health Warnings
A widening push to legalize or expand raw milk sales across the U.S. is colliding with fresh public-health alarms after a California outbreak sickened children and renewed scrutiny of a…
2026-03-11