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Labor Day travel costs climb as airfare, hotel prices move higher
Labor Day travelers are facing higher costs for flights and hotels as they head out for the final holiday weekend of summer, according to AAA and travel expert Pauline Frommer.…
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Revolut Moves Closer to Becoming a Full U.S. Bank
STAMFORD, Conn. — Revolut took a major step toward becoming a full-service American bank after receiving conditional approval from the Office of the Comptroller of the Currency for a national…
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Current price of oil as of September 4, 2026
At 9 a.m. Eastern Time today, oil was priced at $96.90 per barrel with Brent serving as the benchmark (we’ll explain different benchmarks later in this article). That’s a drop…
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Trump Tells Fed to ‘Get Smart’ and Cut Rates Even as Strong Jobs Report Raises Odds of a Hike
President Donald Trump renewed pressure on the Federal Reserve Friday to lower interest rates, saying policymakers “must get smart” even as a stronger-than-expected August jobs report gave the central bank…
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Thousands of Convenience Stores Warn New SNAP Rule Could Push Them Out of Food-Stamp Program
Thousands of convenience stores could face a difficult choice this fall: Stock significantly more staple foods — or stop accepting SNAP benefits. A new U.S. Department of Agriculture rule requires…
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Unexpected WhatsApp Bans Leave Businesses Locked Out and Cut Off From Customers
WhatsApp users in Israel and elsewhere are reporting sudden account suspensions that can leave them locked out without warning — cutting off access to customers, employees, vendors and years of…
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South Korea Gets Trump’s Message — Seoul Moves Toward Hormuz Mission After U.S. Scales Back Joint Drills
South Korea is moving toward a possible military deployment to the Strait of Hormuz just weeks after President Donald Trump publicly tied reduced U.S.-South Korea military exercises to Seoul’s refusal…
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Autonomous Trucking Company PlusAI Strikes $800 Million Deal to Go Public
DALLAS — Autonomous-trucking software company PlusAI is heading toward the public markets through a deal that values the business at approximately $800 million before new investment, giving investors another opportunity…
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Wall Street Opens Mixed as Strong Jobs Report Revives Fed Rate-Hike Risk
JBizNews U.S. Market Opening Recap — September 4, 2026 | 10:00 A.M. ET Wall Street opened cautiously Friday after a much stronger-than-expected August employment report showed the U.S. economy added…
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Google shipped four Gemini Flash models in 106 days. But its flagship frontier model is still nowhere to be seen.
Google debuted its latest AI model, Gemini 3.8 Flash on Wednesday. Google said the model excels at coding and on some benchmarks, its performance equalled that of larger models from…
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Israel Aerospace Industries Flies First Converted Airbus A330 Freighter, Expanding Global Cargo Business
Israel Aerospace Industries has completed the maiden flight of its first converted Airbus A330-300 freighter, marking a major milestone in the company’s push to expand deeper into the global air-cargo…
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Job growth rebounded in August with solid gains
This story about the August 2026 jobs report will be updated with further details. The U.S. economy rebounded in August, adding jobs at a solid pace after a surprise decline in…
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Belgian Union Threatens Brussels Airlines Strike Over Israel Flights
Brussels Airlines is facing a growing labor dispute over flights to Tel Aviv, with a Belgian union threatening strike action unless crew members are allowed to refuse assignments to Israel…
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Trump administration to break ground on 250-foot Washington arch despite legal challenges
The Trump administration on Thursday announced plans to break ground on a 250-foot (76-meter) arch in Washington, despite legal challenges and the lack of final approval from a government planning…
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Air Tanzania becomes first airline to halt flights to Russia after Zelensky warning
Air Tanzania said it was temporarily suspending flights from Dar es Salaam to Moscow from Friday. The airline said on Facebook that it took the step after “a routine risk…
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Norway’s $2.3 Trillion Wealth Fund Weighs Major Cut to U.S. Treasury Holdings
One of the world’s largest pools of investment capital is considering a major reduction in its exposure to U.S. government debt. The manager of Norway’s roughly $2.3 trillion sovereign wealth…
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SEC Moves to Scrap Wall Street’s ‘Pay-to-Play’ Political Contribution Rule
The Securities and Exchange Commission is moving to eliminate a 16-year-old rule that can punish investment advisers when employees make political contributions to state or local officials. The SEC proposed…
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Lululemon Cuts Outlook as Premium Athletic-Wear Competition Intensifies
VANCOUVER — Lululemon delivered a sharp warning after Thursday’s market close, cutting its annual sales and profit forecasts as competition from newer athletic brands continues to pressure one of the…
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U.S. Trade Gap Jumps 24% as Businesses Load Up on Computers, Chips and Capital Equipment
WASHINGTON — America’s trade deficit widened sharply in July, but the reason matters: U.S. businesses were importing billions of dollars more in computers, semiconductors and other capital equipment as corporate…
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AI visionary Ray Kurzweil is joining a Silicon Valley startup developing a brain computer system that involves snorting nano particles
Ray Kurzweil, the pioneering AI scientist and Google researcher and “AI Visionary,” is joining a Silicon Valley startup developing a method to put computers in the brain by snorting nano…
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National average price for diesel hits new record high amid Iran conflict
The average price for diesel has reached a new record of $5.85 as of Sept. 4, surpassing the prior high of $5.8159 set back in June 2022, according to AAA.…
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Chevron is expanding in Venezuela as Trump pushes U.S. oil companies back into the country with 65 billion barrels up for grabs
Oil giant Chevron is planning to expand its operations in Venezuela, a U.S. official said Tuesday, just days after President Donald Trump announced an ambitious deal to develop the nation’s oil reserves and give…
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OpenAI launches GPT-6 Astra, its most powerful model yet and touts its ability to use your computer
OpenAI’s newest model and most powerful model, GPT-6 Astra, is out today, and one of its hallmark features is called “computer use,” in which the model aims to navigate a…
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Popular squishy toys recalled over potentially deadly water bead hazard
More than 15,000 popular children’s squeeze toys have been recalled over serious injury hazards linked to the beads they contain, according to federal regulators. Two recalls have been issued —…
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Crypto exchange Gate enters prediction market space with white-label builder for businesses
As prediction markets gain traction, more businesses are looking to add forecasting tools to their existing apps. Gate, a Panama-based cryptocurrency exchange, is seeking to meet that demand with infrastructure…
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To get into Anthropic right now, you need at least $25 million. For OpenAI, it’s closer to $1 million.
The secondaries market offers a window into the most-watched-IPO horse race, perhaps ever, between OpenAI and Anthropic. Now, the vibe, shall we say, for a while has been that OpenAI…
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As U.S. Treasury intervened in the bond market, the Netherlands rushed 86 tons of gold out of America because of ‘geopolitical unrest’
For six months between March and August, the Dutch central bank quietly shifted 86 tons of gold out of New York and Ottawa to London, saying the move made it…
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Costco quietly pulls popular member perk seemingly without warning: ‘Real bummer for the deals’
Costco Next, an online marketplace Costco members often regarded as one of the retailer’s most coveted hidden perks, has quietly disappeared from the company’s website. The service gave members up…
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Trump administration takes USPS mail-in ballot fight to Supreme Court
President Donald Trump’s administration asked the Supreme Court on Thursday to let it enforce a new US Postal Service rule tightening the use of mail-in ballots, moving swiftly after a…
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FBI seizes over $560,000 in crypto meant to fund Hamas, disrupting a years-long fundraising network
The FBI has seized more than $560,000 in cryptocurrency donations intended for Hamas, the Justice Department said Tuesday in announcing a disruption of financing for the militant group. In addition…
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LARRY KUDLOW: More on the Bessent economic boom story
Pardon me from again borrowing from my G20 interview with Treasury Secretary Scott Bessent. Yet I really want to repeat my view that the most powerful news story, however unreported,…
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Treasury proposes stripping tax-exempt status from private colleges with DEI policies
The Trump administration is proposing a new rule that would strip private schools and colleges of their tax-exempt status if they provide targeted help to students based on their race, a significant…
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Business Day in Review — Thursday, September 3, 2026
U.S. Markets — Wall Street Surges as Rate-Hike Fears Ease Stocks staged their strongest rally of the week Thursday as investors pulled back from expectations that the Federal Reserve will…
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China demands answers after a man dies hours after entering ICE custody—the fifth Chinese national to die in U.S. immigration custody since 2025
The Chinese government is pressing for answers after a Chinese man died hours after being taken into custody by U.S. Immigration and Customs Enforcement in a U.S. territory. Lianyong Wei, 51, died…
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Texas evacuates an assisted living facility as flooding from Tropical Storm Edouard strands drivers and cuts power
Texas authorities rescued dozens of people from stranded cars, homes surrounded by floodwaters and an assisted living facility Wednesday as former Tropical Storm Edouard lingered over rural parts of the state and…
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Goldman Sachs exec touts Dallas’ ‘really bright future’ as new campus takes shape
EXCLUSIVE: Goldman Sachs is making progress on its new 800,000-square-foot campus in Dallas as it deepens its presence in the city, which has emerged as a key regional financial hub.…
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OpenAI unveils GPT-6 Astra with major advances in AI capabilities
OpenAI on Thursday unveiled GPT-6 Astra, a new artificial intelligence (AI) model the tech company says features major improvements in computer use, coding, scientific research and professional work. The San…
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California lawmakers stall Newsom’s wildfire liability bill, saying it doesn’t go far enough for victims
The California Assembly opted not to vote Tuesday on legislation meant to help wildfire victims, deciding at the last minute to push back a decision on a bill that some…
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Automakers Urge Congress to Permanently Block Chinese Cars From U.S. Market
WASHINGTON — America’s largest automakers are pressing Congress to move quickly on legislation that would effectively lock Chinese-made connected vehicles and key Chinese automotive technology out of the U.S. market.…
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Zoox launches robotaxi service at Las Vegas airport
Zoox announced Thursday that its driverless robotaxis will begin transporting passengers to and from Harry Reid International Airport in Las Vegas, marking the company’s first airport service. The Amazon-owned company…
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US may ask parents to prove citizenship or immigration status to get passports for their children
The US State Department has proposed requiring parents applying for passports for their children to provide proof of their own citizenship or immigration status as part of President Donald Trump’s…
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Trump’s Agriculture secretary rejects Democrats’ ‘fake meat’ push: ‘Don’t stop eating meat’
Agriculture Secretary Brooke Rollins praised the Trump administration’s agriculture agenda as she took aim at Biden-era food policies, accusing the former administration of pushing Americans away from traditional meat products.…
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The U.S. is about to churn out much more natural gas to power AI and to export—and it’s triggering a wave of multibillion-dollar acquisitions
It’s shopping season for America’s pipeline giants. As they prepare for a wave of new U.S. natural gas production to power AI data centers or to be exported overseas, the…
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Mortgage rates jump to highest level in over a year
Mortgage rates rose to the highest level in more than a year, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average…
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Stripe is giving off early Google vibes—for good and for bad
Good morning, it’s finance editor Jeff John Roberts pinch-hitting for Allie. Term Sheet readers of a certain age may recall when a young and still up-and-coming company called Google went…
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Fed’s Waller Opens Door to September Pause if Inflation Keeps Cooling
Federal Reserve Governor Christopher Waller said Thursday he could support leaving interest rates unchanged at the Fed’s September meeting if upcoming inflation data confirm that price pressures are finally moving…
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Nvidia to buy AI platform Hugging Face for nearly $13B
Nvidia announced Thursday that it will buy AI developer platform Hugging Face in a deal valued at approximately $12.9 billion. The chipmaker is betting that growing demand for the open-source…
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Nvidia CEO Jensen Huang says AI will create ‘hundreds of thousands’ of new jobs—including for people who want to ‘make things with their hands’
As executives race to boost productivity and automate work with AI, workers have been left to ponder an existential question: How much work will actually be left for humans? But…
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Time to give olim a voice: Israel’s immigrants deserve more than symbolic representation – opinion
Israel has always been a country of immigrants, olim who arrived from around the world determined to build a new life in their ancestral homeland. In the state’s earliest years,…
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Current price of oil as of September 3, 2026
By 8 a.m. Eastern Time today, oil had reached $99.38 per barrel, measured using the Brent benchmark. That’s $3.27 more than it cost yesterday morning and about $31.50 above its…
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