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Advice for owners on filing and paying taxes, borrowing, managing workers and benefits and much more. New and threatened tariffs. Expiring tax breaks. Tighter lending rules at the Small Business Administration (SBA). Small business owners face lots of challenges and uncertainty these days. But then, starting and running a small business has always been tough. And yet, small businesses remain the mainstay of the U.S. economy, creating jobs, millionaires, and in some cases, big companies and billionaires. Diane Hendricks, #1 on Forbes’ new list of America’s Richest Self-Made Women, with a net worth of $22.5 billion, started a roofing supply…

Home decor’s got a split personality this year: Call it “city glow” and “cottage flow.”At the two international design fairs that I attended — Maison et Objet in France, Ambiente in Germany — acres of exhibition booths were full of Art Deco furnishings, island-vibe rattan seating and lighting, and lots of emphasis on sustainably produced materials.But a couple of aesthetics drawing crowds were especially interesting.Capturing the ‘city glow’ One was an exuberant urban vibe I’m nicknaming “city glow.” It’s full of highlighter-hued throw pillows, edgy surrealism, street art and hefty, Brutalist-style furniture — lots of sharp-cornered steel or concrete consoles…

NEW YORK (AP) — Inside a Walmart store in New Jersey, a worker puts the finishing touches on a cake with an edible ink Sponge Bob on top. A colleague creates a buttercream rosette border for a different cake, while another co-worker frosts a tier of what will be a triple-deck dessert.It’s graduation season, the busiest time of year for the 6,200 employees the nation’s largest retailer trained to hand-decorate cakes per customers’ orders. The cakes themselves come, pre-made, frozen and in a variety of shapes and sizes, from suppliers, not Walmart’s in-store bakeries. But there’s no sugar-coating the importance…

SARAJEVO, Bosnia-Herzegovina (AP) — There is an unmistakable air of Peckham these days in Bosnia’s capital, Sarajevo, as the legendary yellow three-wheeled van from the BBC’s long-running sitcom “Only Fools and Horses” cruises the city streets.The little Reliant Regal was the trademark of the stars of the series — the irresistible Trotter brothers from Peckham, a working-class neighborhood in London. In Bosnia, a replica belongs to the Fatic brothers, local businessmen who are crazy about the show.The Fatics are dealers in home appliances, running a successful company with dozens of employees and a huge shop on the outskirts of Sarajevo.…

Topline President Donald Trump and Elon Musk’s months-long alliance imploded in spectacular fashion Thursday as the world’s richest man and its most powerful engaged in a nasty, public back-and-forth on their respective social media platforms—just months after the two formed a friendship so close Musk sometimes slept at the White House. President Donald Trump speaks during a news conference with Elon Musk in the Oval Office of the … More White House in Washington, DC, on May 30, 2025. (Photo by ALLISON ROBBERT/AFP via Getty Images)AFP via Getty Images Timeline June 5, 4:26 P.M. Musk, who previously disagreed with Trump’s…

Topline The world’s richest man got much less rich Thursday as Elon Musk and President Donald Trump traded strongly worded barbs, precipitating a drop in the share price of Musk’s electric vehicle company Tesla. The alliance between Elon Musk, left, and Donald Trump cracked Thursday.Getty Images Key Facts Musk’s net worth fell below $400 billion Thursday afternoon, sliding by $26.7 billion to $388 billion, according to Forbes’ estimates. The plunge came as shares of Tesla cratered as Musk and Trump’s beef escalated. Tesla stock declined 14%, or $47 per share, to $285 in an otherwise flat day for the market.…

Topline Shares of Tesla dropped by more than 14% on Thursday as the relationship between Elon Musk and President Donald Trump’s appeared to unravel, with Musk launching attacks at the president on X and Trump suggesting to reporters at the White House criticism of his signature bill from the world’s wealthiest person amounts to “Trump derangement syndrome.” Musk has called to “kill” Trump’s policy bill, criticizing the legislation as “massive, outrageous” … More and “pork-filled.”AFP via Getty Images Key Facts Tesla’s stock fell 14.2% to $284.70 as trading closed Thursday, with losses accelerating following Trump’s comment. It’s the 11th-worst single…

Jeremy Allaire, CEO of Circle, at the Token2049 conference in Singapore in Sept. 2024. Photographer: Suhaimi Abdullah/Bloomberg© 2024 Bloomberg Finance LP Circle, the company behind the $61 billion stablecoin USDC, made a roaring debut on the New York Stock Exchange Thursday, becoming the first stablecoin issuer to go public and making CEO and cofounder Jeremy Allaire a billionaire. Shares surged as much as 235% after Circle and some of its shareholders raised nearly $1.1 billion in an initial public offering that was upsized twice amid heavy investor demand. The stock opened at $69, more than double its IPO price of…

Small businesses are putting the brakes on hiring plans.getty The Trump administration said tariffs would bring jobs back to America, especially for small businesses. Maybe that’ll happen someday. For now, however, they’ve mostly brought confusion and slowed hiring on Main Street. That’s according to the May jobs report from the National Federation of Independent Business, a small business advocacy group. The report is based on a random sample of 485 NFIB member firms surveyed throughout the month. The findings show a labor market that’s softening. Just 34% of small businesses said they had unfilled job openings. That’s down from nearly…

AUSTIN, Texas (AP) — For two decades on Texas college campuses, it was a resilient law in the face of Republicans’ hardening immigration agenda: in-state tuition prices for students who did not have legal resident status. But in a flash, the Texas policy that was the first of its kind in the U.S. was halted Wednesday, blocked by a federal judge hours after the Justice Department sued to dismantle it. Republican Texas leaders did not fight the challenge, but instead eagerly joined it. The surprise and quick end to the law, known as the “Texas Dream Act,” stunned immigration advocates…