Business News

AM Business Notebook 

For: April 16, 2026

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after a mixed day of trading on Wall Street that saw both the S&P 500 and the Nasdaq close at fresh record highs.  At the closing bell, the Dow Jones Industrial Average dropped 72 points to 48-463.  The S&P 500 climbed up by 55 points to 70-22.  The Nasdaq rose by 376 points to 24-016.

 

>>Trump To Tout Tax Cuts In Sin City

(Las Vegas, NV)  --  President Trump is heading to Las Vegas today to highlight tax breaks from the "Big, Beautiful Bill."  His trip to the AC Hotel Las Vegas comes the day after taxes were due for millions of Americans.  The President is expected to hear from people who've benefited from the no tax on tips and overtime provisions in the bill.  Trump will be taking the same message when he travels to Phoenix, Arizona on Friday.

 

>>Gas Prices Drop Slightly 

(Heathrow, FL)  --  Gas prices are down slightly.  Triple A puts today's nationwide average at four dollars and nine cents a gallon, down a penny from yesterday.  A week ago, four-16 was the nationwide average.   

 

>>Jury Finds Live Nation, Ticketmaster Guilty In High-Stake Antitrust Trial

(Manhattan, NY)  --  A jury has found Live Nation and its subsidiary Ticketmaster guilty in a high-stake antitrust trial.  The initial complaint brought by the Department of Justice claimed that Live Nation monopolized the industry by controlling ticketing, concert booking, venues and promotions.  The lawsuit alleged the company engaged in "anticompetitive conduct," causing fans to pay higher fees, giving artists fewer options for touring and coercing venues to use Ticketmaster.  In the second week of the five week trial, the Justice Department struck a deal with Live Nation that requires Ticketmaster to divest up to 13 amphitheaters and cap ticket service fees at 15-percent.  A majority of state attorneys general still pursued claims despite the deal, leading to the verdict on Wednesday.

 

>>SantaCon Organizer Accused Of $1M+ Charity Fraud

(New York City, NY)  --  A man is facing federal charges for allegedly stealing more than one-million-dollars meant for charity through New York City's Santa-Con.  Prosecutors say 50-year-old Stefan Pildes misled thousands of participants by claiming ticket proceeds would benefit local charities.  Pildes is accused of diverting more than half of the roughly two-and-a-half-million-dollars raised since 2019 for personal use.  Pildes allegedly used the money on luxury expenses, including vacations, dining, and property renovations.  He is charged with wire fraud as the investigation continues.

 

>>NY Gov Proposes New Tax For Luxury Secondary Properties 

(New York, NY)  --  New York Governor Kathy Hochul is proposing a new tax on certain luxury secondary properties in the Big Apple to help the city with a big budget hole.  Hochul's proposal would put a surcharge on New York City homes worth five million dollars or more if the owner has a separate primary residence outside of the city.  Hochul estimates it would generate half a billion dollars in revenue for the city which faces a multi-billion dollar budget hole.  Mayor Zohran Mamdani supports the measure but has also been pushing for a tax hike on higher income earners in New York and big businesses.  Hochul today reiterated she's not on board with that. 

 

>>Hampshire College Closing After Fall Semester 

(Amherst, MA)  --  A small liberal arts school in Western Massachusetts is planning to close permanently after the fall semester. Many small schools have struggled to enroll students, and Hampshire College will be the latest to join an epidemic of closures over the past two decades. According to Hampshire President Jennifer Chrisler, the college has about 625 students which is almost half the school's enrollment in the early 2000s. The 56-year-old college underwent a multiyear effort to refinance debt, raise funds, pursue land development and increase enrollment, but it failed to produce a viable path to saving the institution.   

 

>>AMC Raising Price Of Stubs A-List Program

(Undated)  --  AMC Theaters is raising the price of their Stubs A-List program.  The cinema chain revealed the plan for the price hike following the rising costs of operating its venues.  The subscription membership will go up to 29-99 per month, a two-dollar increase from May 2025's price increase.  Perks are slated to remain the same, with moviegoers being able to see up to four movies per week, free upgrades on popcorn and fountain drinks and a five-dollar reward for every 50-dollars spent.  


 

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