Local Business
Saturday, May 2, 2026 · Edgewater
L.A. Gas Nears $9: $100 Fill-Ups Force Riders to Rails
Los Angeles drivers are shelling out over $100 to fill their tanks as gas prices flirt with $9 a gallon, the highest in the nation. Frustrated commuters are ditching cars for crowded public transit, slashing household budgets amid California's relentless fuel crisis. 'I just pray to God,' one motorist lamented, staring at the pump.[1]
Zuckerberg Ties Meta's 8,000 Layoffs to $135B AI Surge
Meta CEO Mark Zuckerberg confirmed Thursday that the company's plan to cut 8,000 jobs—10% of its workforce—is directly linked to massive AI investments, with more cuts possible. Layoffs begin May 20 as Meta eyes up to $135 billion in 2026 spending. The move signals a stark shift from human labor to machine intelligence in Big Tech.
Saturday, May 2, 2026
O'Leary Blasts NYC 'Soak the Rich' Tax Plan as Economic Suicide
Shark Tank star Kevin O'Leary unleashed on New York City's aggressive tax hikes targeting wealthy investors and businesses, calling them 'sheer blind stupidity' that could cripple the city's economy. As Mayor Zohran Mamdani pushes to slash tax credits and impose pied-à-terre levies to plug budget gaps, O'Leary warns of an investor exodus. The debate pits revenue needs against fears of driving away the capital that fuels jobs and growth.
Saturday, May 2, 2026
Trump Opens Retirement Savings to 56 Million Left-Behind Workers
President Donald Trump signed an executive order Thursday establishing TrumpIRA.gov, a new online marketplace designed to give millions of workers without employer retirement plans access to federal matching funds. The initiative builds on existing legislation to offer eligible low-income workers up to $1,000 annually in government contributions, marking a significant expansion of retirement security beyond traditional workplace plans.
Saturday, May 2, 2026
Fatal Fires Prompt Re-Recall of 429K Casely Power Banks
A tragic death and an airborne inferno have forced federal regulators to reissue a massive recall of Casely MagSafe power banks. The lithium-ion chargers, blamed for overheating and exploding, now linked to one fatality and dozens of fire incidents. Consumers face urgent warnings to ditch the devices immediately.[1][2]
Saturday, May 2, 2026