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- Ford EV leader leaving automaker amid new restructuring efforts
The departure was announced alongside Ford detailing a new restructuring that includes the establishment of a "Product Creation and Industrialization" unit. [TheTopNews] Read More.23 mins ago - Hochul tax plan targets high-end second homes amid revenue pressures
A new tax proposal targeting high-end second homes in New York City is drawing renewed attention to the growing financial pressures facing the state as leaders look for new revenue streams to close persistent budget gaps.FOX Business’ Madison Alworth joined "The Big Money Show" to report on the proposal, which would apply to second homes in New York City valued above $5 million, imposing an annual surcharge on properties that are not used as primary residences.BILLIONAIRES AND BUSINESSES FUEL GROWING EXODUS FROM BLUE STATESThe measure comes as state leaders grapple with an estimated $2.2 billion budget deficit in New York state, while also confronting a shrinking tax base tied to the outmigration of high-income residents. Policymakers have increasingly pointed to wealthy taxpayers as a key source of revenue to sustain public spending commitments."I need people who are high-net-worth to support the generous social programs that we want to have in our state," New York Gov. Kathy Hochul told Politico in March. "If you want to be supportive… The first step should be go down to Palm Beach and see who you can bring back home, because our tax base has been eroded."RED & BLUE DIVIDE: STATES PUSH COMPETING TAX PLANS AS VOTERS WEIGH CHANGES IN ELECTION CYCLEThe proposal aims to generate roughly $500 million annually, though industry groups argue the broader economic impact could extend beyond targeted homeowners, potentially affecting construction activity, property values and overall costs.The debate underscores a wider tension playing out across high-tax states, where efforts to raise revenue are increasingly intersecting with concerns about competitiveness, investment and long-term economic growth.FOREIGN BUYERS EYE LUXE LA HOMES AS PROPOSED WEALTH TAX PUSHES BILLIONAIRES OUT OF CALIFORNIAGET FOX BUSINESS ON THE GO BY CLICKING HERE [TheTopNews] Read More.32 mins ago - Jury finds Live Nation illegally monopolized ticketing marketA New York federal jury on Wednesday found that Live Nation illegally monopolized the ticketing market.The company is expected to face additional court proceedings to determine what steps it must take to restore competition. Live Nation had already agreed to certain measures in a settlement reached last month with the U.S. Department of Justice, according to Reuters, citing Bloomberg News.CLICK HERE TO GET FOX BUSINESS ON THE GOThe company’s shares dropped roughly 2% in afternoon trading after the report.This is a breaking news story. Please check back for updates. [TheTopNews] Read More.34 mins ago
- How you could get free electricity for doing your washing
You could get free or cheaper electricity from your energy company for running appliances during periods of excess supply, such as sunny weekends. [TheTopNews] Read More.39 mins ago - Costco quietly rolls out new long-awaited product, triggering shopper excitementCostco has rolled out a new milk product in select locations that lactose-intolerant customers say they had long been "waiting for Costco to put out," marking a release that shoppers are calling long overdue and highly anticipated.An ultra-filtered, high-protein, low-calorie 2% fat milk has appeared in Texas stores, according to an early April Reddit post by a user in Georgetown.FOX Business has confirmed the item has been stocked in select Austin-area stores, with more locations expecting to receive it soon.Customers can purchase the product in three half-gallon cartons under the Kirkland Signature label for $10.59.COSTCO TO OPEN ITS FIRST STAND-ALONE GAS STATION WITH SECOND LOCATION COMING NEXT YEARAccording to users on social media, the new product has not yet expanded to East Coast locations and is currently part of a West Coast–focused testing phase.The warehouse addition, product no. 1975527, comes at a convenient time, consumers said, as many users have reported noticing higher prices and intermittent shortages in comparable products sold at competing retailers, including Aldi’s Fairlife line, one of the first major brands to popularize ultra-filtered milk."This is exactly what I've been waiting for Costco to put out!" one Reddit user said in a post. "I buy the Aldi one but this should be cheaper still. Hope it hits my warehouse soon."While 2% lactose-free milk is already available at Costco, including the Kirkland Organic Lactose Free, the new product offers 50% less sugar, 50% more protein, and an increased level of daily vitamins.It contains 120 calories and 13 grams of protein per cup, compared with roughly 130 calories and 8 grams of protein in similar alternatives.COSTCO SAYS YOUR NEXT CHECKOUT COULD TAKE UNDER 10 SECONDS THANKS TO NEW AUTOMATED PAY STATIONSUsers also praised the new product, priced at $10.59 for a total of 1.5 gallons, as a steep discount, with some shoppers noting that Fairlife milk can cost about $5.32 for 0.4 gallons, or more than $10 for less than a gallon at local grocery stores."Fair life is $5.32 for .4 gallon at my local grocery store," one user said. "That’s a pretty solid discount!""Woah, I stopped buying the 2% Costco milk and replaced it with the Aldi fair life dupe ($3.89 for 57oz) about 8 months ago, but if this shows up at mine, I’m buying this instead," another user said. The lactose-free, high-protein milk is made possible through an ultra-filtration process that separates milk into components and recombines them… [TheTopNews] Read More.1 hour ago
- Kevin Warsh, Trump’s Pick for Fed Chair, Discloses Vast Wealth Ahead of Confir...
Kevin M. Warsh vowed to divest a substantial amount of his more than $100 million in assets as he faces a complicated path to becoming the next chair of the Federal Reserve. [TheTopNews] Read More.1 hour ago
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