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Mamdani tax break proposal sparks fears as business leaders warn of ‘fragile’ NYC economy
New York City Mayor Zohran Mamdani’s latest effort to close a widening budget gap is intensifying concerns among business leaders, as his proposal to scale back a key tax credit…
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Credit expert warns borrowers about the ‘American drain’ as new mortgage scoring models take effect
For millions of “invisible” Americans who have paid rent on time for years but lacked a traditional credit score, the door to the American Dream just swung wide open —…
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Sticker Mule demands Google fix ‘mislabeled’ ads tying company to CEO’s New York political campaign
Sticker Mule is demanding Google fix what it says is a “misleading” error that labeled its business ads as funded by its CEO’s political campaign. In a legal letter obtained…
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Jamie Dimon Warns: Bureaucracy, Complacency and Arrogance Will Take Down Any Big Company
By JBizNews Desk NEW YORK — April 30, 2026 JPMorgan Chase CEO Jamie Dimon delivered a blunt message to investors and corporate executives this week: big companies don’t fail because…
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Nasdaq Futures Rise as Big Tech Earnings Beat Expectations While Brent Crude Surges Past $121
By JBizNews DeskNEW YORK — April 30, 2026 Nasdaq futures ticked higher in after-hours trading Wednesday night, buoyed by a string of better-than-expected earnings from four Magnificent Seven tech giants,…
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Breaking: Crude Oil Surges Past $125 Overnight as Iran Blockade Holds Firm
By JBizNews Desk NEW YORK — April 30, 2026 Brent crude climbed above $125 per barrel in overnight trading Thursday, extending its sharp rally as the U.S.-Iran naval blockade showed…
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US shrimpers face ‘double whammy’ from soaring fuel costs, tariff refunds
BAYOU LA BATRE, Alabama — Many American shrimpers are keeping their shrimp boats docked with an empty tank ahead of shrimping season as high fuel prices and tariff refunds hit the…
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France’s Economy Stalls in Q1 as GDP Growth Hits Zero, Missing Forecasts Amid Energy Shock
By JBizNews Desk PARIS — April 30, 2026 France’s economy came to a complete standstill in the first quarter of 2026, with preliminary GDP data showing zero growth (0.0% quarter-on-quarter),…
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Walmart’s $2.3 B Purchase of Mom’s Market Signals New Era for Small‑Town Grocers
Deal Overview Walmart announced Friday that it will acquire the remaining 85% of Mom’s Market, a family‑owned regional grocery chain with 42 stores across the Midwest, for an estimated $2.3 billion…
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DHS Shutdown Nears End as House Approves Republican Budget Plan After 74-Day Standoff
WASHINGTON April 29 – JbizNews Desk After 74 days of the longest partial government shutdown in American history, the House of Representatives took a pivotal step Wednesday toward reopening the…
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Nearly 13K toddler towers recalled after dozens of injuries from stools collapsing, tipping
Nearly 13,000 toddler towers across three brands were recalled after dozens of incidents and 21 injuries were reported due to the stools collapsing or tipping, according to federal regulators. The…
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National Religious Broadcasters urges FCC to investigate ABC over Kimmel remarks
National Religious Broadcasters (NRB) has asked the Federal Communications Commission (FCC) to investigate ABC Television over remarks made during the April 23, 2026, broadcast of Jimmy Kimmel Live!, saying the…
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White House Says TSA Funding Gap Could Disrupt Airports
The White House is warning that a funding gap for the Transportation Security Administration could begin to disrupt airport operations within weeks, sharpening pressure on Congress to pass a broader…
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Walmart Deploys AI‑Powered Inventory System Across 1,200 Stores, Aiming to Cut Stockouts and Boost Small Supplier Sales
By JBizNews Desk — April 30, 2026 Walmart announced today that it will roll out an artificial‑intelligence driven inventory‑management platform to more than 1,200 of its U.S. stores over the…
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Retailers Warn “Back-to-School Season Could Be a Disaster” as Gas Prices Crush Family Budgets
By JBizNews Desk — April 29, 2026 Summer Shopping Season in Serious Jeopardy Major retailers including Walmart, Target, and Kohl’s are quietly preparing for what could be one of the…
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Powell says he’ll stay on Fed board after chairmanship ends but won’t be a ‘shadow Fed chair’
Federal Reserve Chair Jerome Powell on Wednesday announced that he will remain a member of the Fed’s Board of Governors after his term as chairman ends next month, though he…
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Microsoft Deepens Ohio Data Center Expansion
Microsoft is pressing ahead with a major Ohio data-center buildout that underscores how aggressively the company is spending to support artificial-intelligence demand and keep pace in cloud infrastructure. In a…
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Small-Business E-Commerce Platforms Roll Out New AI Inventory Tools to Help Retailers Manage High-Cost Supply Chains
By JBizNews Desk — April 29, 2026 Leading small-business e-commerce platforms including Shopify and BigCommerce announced after the close new AI-powered inventory forecasting tools designed to help independent retailers predict…
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Bessent says US seized nearly $500M in Iranian crypto as Operation Economic Fury sends regime into ‘crisis’
Treasury Secretary Scott Bessent said the United States’ maximum economic pressure campaign on Iran has sent the regime into “crisis” during an appearance Wednesday on “Kudlow.” The effort, known as…
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New Bill Targets SBA Loan Rules for Immigrant-Owned Small Businesses — Could Restore Access for Thousands of Main Street Operators
By JBizNews Desk — April 29, 2026 A bipartisan group of lawmakers introduced legislation late Wednesday that would overturn recent Small Business Administration policies restricting loans to businesses with any…
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LARRY KUDLOW: Time to say goodbye, Jay Powell
So I guess the Fed chairman, Jay Powell, is not going off quietly into the night. Today is his last meeting as chairman, but he announced his ungentlemanly decision to…
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Fed Holds Rates Steady as Expected — But Powell Hints at Cuts Later This Year Amid Cooling Labor Market
By JBizNews Desk — April 29, 2026 Powell’s Message to Families and Businesses The Federal Reserve kept its benchmark interest rate unchanged today, as widely anticipated, but Chair Jerome Powell…
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Costco changes beloved $1.50 hot dog deal for the first time in decades: reports
Costco is reportedly tweaking one of the most iconic deals in retail. The warehouse giant – long known for its $1.50 quarter-pound all-beef hot dog and 20-ounce soda combo –…
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Musk and OpenAI Set for High-Stakes June Trial
Elon Musk and OpenAI are heading toward a June jury trial in California in a case that could test how far an artificial-intelligence lab can move from its nonprofit origins…
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Port Authority Speeds Airport Vehicle Tracking Upgrade
The Port Authority of New York and New Jersey said it will equip emergency vehicles at LaGuardia, JFK and Newark with transponders within 90 days, a move the agency framed…
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Federal government made $186B in improper payments last fiscal year
A new report by the nonpartisan Government Accountability Office (GAO) found that improper payments by the federal government rose to $186 billion in fiscal year 2025. The GAO found that…
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United pilot reports midair drone scare near airport during landing approach
A United Airlines pilot reported a potential collision with a drone Wednesday morning while approaching its destination at San Diego International Airport, according to a flight audio recording. The flight,…
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Supreme Court Weighs Bayer Roundup Liability Fight
The U.S. Supreme Court has agreed to hear Bayer’s latest bid to curb the costly litigation tied to Roundup, putting a fresh spotlight on whether federal pesticide law can shield…
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Closing Bell: U.S. Markets Close Mixed After Fed Holds Rates Steady as High Oil Prices Continue to Pressure Families and Small Businesses
By JBizNews Desk — April 29, 2026 Closing Bell Summary U.S. stocks ended the day mixed as investors processed the Federal Reserve’s widely expected decision to hold interest rates steady…
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Hilton Sees Midscale Travel Leading Hotel Growth
Hilton Worldwide Holdings is making a sharper bet on middle-market travel just as much of the travel industry keeps chasing affluent customers, with Chief Executive Christopher Nassetta telling analysts the…
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Consumer Confidence Edges Higher to 92.8 — But Soaring Gas Prices Still Haunt American Families
By JBizNews Desk — April 29, 2026 Mixed Signals for Everyday Households U.S. consumer confidence unexpectedly rose in April to a four-month high of 92.8, according to the Conference Board,…
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Student Loan Pause Claim Conflicts With Current U.S. Policy
A purported extension of the federal student loan payment pause through the end of 2026 does not match current U.S. government policy, and the latest official record shows repayments already…
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Trump: Iranian naval blockade stays until Tehran agrees to nuclear deal – Axios
US President Donald Trump on Wednesday told Axios that Iran will remain under a naval blockade until the Islamic regime agrees to a deal that addresses US concerns about its…
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Small Businesses Face 18% Insurance Premium Shock — “We Can’t Survive Another Year Like This”
By JBizNews Desk — April 29, 2026 Main Street Insurance Crisis Explodes Small business owners across America are confronting a severe and unexpected surge in insurance costs that is threatening…
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Big Tech’s $600 Billion AI Bet Faces Critical Test as Microsoft, Alphabet, Meta and Amazon Report
NEW YORK — Wall Street is entering one of the most consequential earnings windows of 2026 as Microsoft, Alphabet, Meta Platforms, and Amazon prepare to release first-quarter results after the…
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Bill Ackman’s $5 Billion Pershing Square USA IPO Starts Trading Well Below Price — “A Tough Test for Activist Vision”
By JBizNews Desk — April 29, 2026 High-Profile Debut Struggles Bill Ackman’s ambitious Pershing Square USA closed-end fund began trading today well below its IPO price, delivering an early setback…
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Federal Reserve leaves interest rates unchanged as Powell’s chairmanship nears end
This story about the Federal Reserve’s April interest rate decision is developing and will be updated with further details. The Federal Reserve on Wednesday announced it will leave interest rates unchanged…
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Spirit Airlines May Be Days from Total Collapse as Trump Administration Advances $500M Bailout Talks
By JBizNews Desk — April 29, 2026 Carrier on the Brink of Liquidation Spirit Airlines is facing an imminent cash crunch that could force liquidation within days, as soaring jet…
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US Jobless Claims Edge Up as Fed Wait Deepens
New U.S. unemployment claims moved higher in the latest weekly reading, adding to evidence that the labor market is cooling at the margin and reinforcing the Federal Reserve’s case for…
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Maine joins blue-state millionaire tax club as critics warn the new surcharge punishes local economy
Maine has officially joined the ranks of high-tax blue states as Democratic Gov. Janet Mills signed a controversial new millionaire tax into law, sparking immediate warnings that the move will…
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Gas prices soar to highest point so far during unsettled conflict with Iran
The AAA national average price for regular gas has soared to $4.229 as of Wednesday, the highest notched so far during the ongoing tensions between the U.S. and Iran. While…
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California high-speed rail project soars to $231B: ‘Worst public infrastructure failure in US history’
California lawmakers are calling for the state’s high-speed rail project to be scrapped after projected costs have ballooned by more than 700%. “I’ve been saying this for years now, but…
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Tariff Volatility Starts Showing Up in CEO Pay Plans
U.S. companies are increasingly telling investors that trade policy and tariff costs can distort the performance metrics used to set executive pay, a governance shift that compensation advisers and securities…
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JetBlue Cuts Flights as Costs Pressure Outlook
JetBlue Airways is shrinking flying and leaning harder on revenue management after a weak start to the year underscored how difficult the U.S. airline market remains for carriers with heavy…
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T-Mobile and SpaceX Launch ‘SuperBroadband’ to Deliver Always-On Enterprise Connectivity
T-Mobile and SpaceX’s Starlink on Tuesday unveiled a new enterprise internet service called SuperBroadband, marking a major expansion of their partnership and a direct push into the high-stakes business connectivity…
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Microsoft and OpenAI Rework Partnership Economics
Microsoft and OpenAI have reset the financial terms of one of the technology industry’s most closely watched alliances, narrowing a revenue-sharing structure that had tied the companies together as generative…
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Amazon Cuts Some Amazon Web Services Prices as Cloud Battle IntensifiesBy
JBizNews Desk — April 29, 2026 Amazon Web Services Fires Back in Cloud WarsAmazon Web Services announced targeted price reductions on key services, including up to 45% off certain NVIDIA…
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America’s Home Insurance Crisis Deepens As Millions Go Uninsured Amid Soaring Premiums
A growing number of American homeowners are making a stark financial calculation: as insurance premiums surge to levels many can no longer afford, they are choosing to go without coverage…
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Kevin Warsh moves one step closer to becoming next Fed chair
Kevin Warsh’s nomination to serve as the next Federal Reserve chair took a big step forward on Wednesday after a key committee voted to advance his nomination after a senator…
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Your Grocery Bill Splits in Two: Egg Prices Collapse While Meat, Produce and Imports Surge
American consumers walking into supermarkets in 2026 are encountering what economists describe as a “two-speed” grocery economy — one where a handful of staple items are getting cheaper, but most…
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