Wells Fargo CD Rates: April 2026
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The Iran war has stalled shipments of oil and its products through the Strait of Hormuz, raising concerns among Chinese manufacturers about supply chain disruptions.
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Knesset approves measure that has been criticised by European nations and rights groups
Israel’s parliament has passed a law imposing the death penalty on Palestinians convicted of fatal attacks, a measure sharply criticised as discriminatory by European nations and rights groups.
The legislation makes the death penalty the default punishment for Palestinians in the Israeli-occupied West Bank found guilty of intentionally carrying out deadly attacks deemed acts of terrorism by a military court.
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High above the reborn residential neighborhood of Downtown Brooklyn, this two-bedroom corner apartment in The Nevins at 319 Schermerhorn Street has the sunlight and dazzling city views that you’d expect from high-rise life. Asking $1,275,000, the home’s sleek, contemporary interiors and condo convenience mean stress-free living from day one.

The 1,049-square-foot apartment has two bedrooms and two baths and modern design details like tall ceilings, wide-plank engineered oak floors, and energy-efficient floor-to-ceiling windows. Anchoring the home is a great room surrounded by open sky.
An open kitchen offers custom cabinetry, Caesarstone countertops, and a waterfall dining and prep island. Bosch appliances bring function and style.



A private primary suite has enough space for a home office area, plus a capacious walk-in closet and an en-suite bath with a curbless rain shower.
A second bedroom has its own full bathroom. Additional perks include central HV/AC, in-unit laundry facilities, and a separate private storage area.
Built in 2017, the Isaac and Stern building features interiors by Andres Escobar & Associates. Amenities include a 24-hour concierge, superintendent service, a package room, a fitness center, a residents’ lounge with a kitchen, a children’s playroom, a bicycle room, and a landscaped roof deck. Another rare perk: a tax abatement will remain in effect through 2033.
[Listing: 319 Schermerhorn Street, Unit 11B at CityRealty]
[At Compass by Lindsay Barrett, Christopher Mohr, and Taylor Schultz]
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Unlike leagues such as the NHL, MLB and MLS that have embraced platforms like Kalshi and Polymarket, the NFL is taking a more cautious stance.
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Power strips sold on Amazon are being recalled due to a fire risk, the Consumer Product Safety Commission said.
The recall involves CCCEI-branded power strips sold by Middle Way Electronics with 6-foot, 10-foot and 15-foot power cords. The strips have a black metal enclosure with six receptacles and individual on/off switches for each one. The defective units were made in China.
The CCCEI-branded power strips do not contain supplementary overcurrent protection, which the agency said creates the risk of a fire if the strips are overloaded. If the product catches fire, it could cause serious injury or death from smoke inhalation and burns, according to the CPSC.
MILLIONS OF GRILL BRUSHES PULLED FROM MARKET OVER RISK OF ‘SERIOUS INTERNAL INJURIES’
GAS RANGES SOLD AT US RETAILERS ARE BEING RECALLED OVER BURN HAZARD RISK
The agency recommends consumers “immediately” stop using the power strips and contact Middle Way Electronics to receive a full refund.
Middle Way Electronics has received two reports of the power strips sparking and melting. It has not received reports of fires or injuries related to the product.
HOUSEHOLD CLEANING TOOL RECALLED AFTER DOZENS OF BURN INJURIES REPORTED
The product was sold on Amazon from April 2024 to January 2026 for between $23 and $30.
FOX Business reached out to CCCEI for comment on the recall.
Bitcoin (CRYPTO: BTC) may be approaching a critical phase in its market cycle after a 52% correction from its October 2025 peak, aligning with a key moving average signal seen in late February.
• Why is BTC dropping today?
In a March 30 post on X, crypto analyst Ali Martinez pointed to the three-day chart, where the crossover of the 50-day and 200-day simple moving averages has historically marked the transition from bear to bull markets.
In previous cycles, including 2014, 2018 and 2022, this signal …
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(RTTNews) – Adding to last Friday’s gains, gold prices moved to the upside on Monday as investors dissected U.S. President Donald Trump’s post that raised both optimism that the gulf war would end soon as well as concerns that the war could go on much longer.
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Leader understood to have spoken to 10 trade unions after party claimed working class voters are turning to them
Zack Polanski has kicked off a charm offensive designed to convince trade unions to stop funding Labour and throw their weight behind the Green party, as he delivered the first in a series of speeches to union conferences.
The Green leader has had “good conversations” with 10 trade unions, including some affiliated to Labour, according to party sources, and is due to address the University and College Union and the Bakers, Food and Allied Workers Union, not affiliated with Labour, in the coming months.
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Ex-TV host pledged to centre party around equity, with higher wealth taxes, green energy and tuition-free education
Canada’s embattled New Democratic party (NDP) has elected the former broadcaster and self-proclaimed socialist Avi Lewis as its new leader, as it looks to rebuild following a devastating federal election last year that saw it lose official party status.
A record number of members voted in the three-day NDP leadership convention, giving Lewis a first-ballot win that underscored widespread support. Lewis pledged to convert the “tremendous momentum” of the convention into an “NDP comeback”.
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A Delaware judge on Monday reassigned several lawsuits involving Elon Musk after lawyers for the Tesla CEO accused her of bias over a LinkedIn post that appeared to mock the billionaire.
In a filing, Delaware Court of Chancery Chancellor Kathaleen St. J. McCormick said that she will reassign a group of lawsuits to another judge after Musk’s lawyers pointed to a social media post in which she allegedly appeared to support in mockery of Musk.
Despite stepping aside, McCormick insisted that she is not biased against the tech mogul.
TWITTER ACCEPTS MUSK’S $44B DEAL
“The motion for recusal rests on a false premise—that I support a LinkedIn post about Mr. Musk, which I do not in fact support,” the order states. “I am not biased against the defendants in these actions. In fact, I dismissed a suit against Mr. Musk just last year. The motion for recusal is denied.”
“Fortunately, the Court of Chancery is far greater than any one person,” she added.
The cases will now be overseen by three other judges. McCormick noted that the “disproportionate media attention” surrounding her handling of the cases would be “detrimental to the administration of justice.”
“Fortunately, the Court of Chancery is far greater than any one person,” she wrote. “I have complete faith in the Vice Chancellors’ abilities to adjudicate these matters.”
Lawyers for Musk cited McCormick’s social media activity, saying she used a “support” emoji on LinkedIn on a post that celebrated his loss in a separate California case. The post cited Musk being liable for tweets he posted in 2022 about his $44 billion Twitter purchase in which he allegedly misled investors.
McCormick presided over that case.
The lawyers said one of McCormick’s staff members also liked another anti-Musk post related to Musk’s pending litigation.
“This post to which the Court reacted and another to which a Court staff member reacted are not simply negative criticism of Mr. Musk and his attorneys, they are inflammatory,” Musk’s lawyers wrote.
McCormick later deactivated her LinkedIn account.
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“I either did not click the ‘support’ icon at all, or I did so accidentally,” McCormick wrote in a letter to attorneys in the case. “I do not believe that I did it accidentally.”
In another lawsuit, McCormick in 2024 voided a multibillion-dollar pay package for Musk and the Tesla board, saying they had breached their fiduciary duties and that Musk effectively controlled the board. The Delaware Supreme Court reinstated the pay package but upheld McCormick’s underlying findings.
Musk responded that year to an X post from a conservative influencer about McCormick, writing “absolute corruption” after the influencer noted that she had previously worked at a Delaware law firm that donated to former President Joe Biden.
FOX Business’ Ashley Oliver contributed to this report.
Dern will play Miami Herald reporter Julie K Brown in first scripted take on the Epstein story, based on Brown’s book
Laura Dern is taking on the Jeffrey Epstein investigation, in a new limited series executive produced by Adam McKay based on journalist Julie K Brown’s work busting open the story.
Dern will play Brown, the Miami Herald investigative reporter on the late, disgraced financier’s tail when no one else was, for the first scripted take on the Epstein case. The screenplay will be based on Brown’s 2021 book Perversion of Injustice: The Jeffrey Epstein Story. Sharon Hoffman, a writer on the 2020 limited series Mrs America, will write the project and serve as co-showrunner with Eileen Myers (The Night Agent, Masters of Sex). McKay, the writer-director of Don’t Look Up and executive producer on the HBO juggernaut Succession, among other credits, will serve as executive producer alongside Dern and Brown.
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Washington-based fund says rising energy and food costs will hit economies worldwide and could leave lasting scars
The International Monetary Fund has warned that “all roads lead to higher prices and slower growth worldwide” should the conflict in the Middle East continue to throttle the amount of oil, gas and fertiliser making its way out of the Gulf.
In a stark message that countries on all continents will be affected, the Washington-based organisation said a rise in energy and food costs would harm economic growth this year and could leave lasting scars on the global economy.
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Dogecoin (CRYPTO: DOGE) bounced 2.5% but remains trapped below the critical $0.10 level as meme coin dominance collapsed from 0.042 in mid-February to 0.034 in March, signaling capital rotation away from meme tokens.
CryptoQuant data shows meme coin dominance within the altcoin market fell from 0.042 in mid-February to 0.034 in March. .
Solana (CRYPTO: SOL), which served as the primary hub for memecoin speculation, has seen on-chain engagement collapse.
The number of daily decentralized exchange traders on Solana has hit record lows, according to analyst Shah.
“Participation is at all time lows, just a few thousand people are still active, so good coins that once had 100M–1B potential are stuck trading between 500k-20M,” Shah wrote. Moreover X user @capexbt described the chain as a “ghost town.”
California governor contender not accused of wrongdoing in decade-old inquiry into suspected Chinese agent
The Trump administration has reportedly been pushing to release records from an FBI investigation related to Eric Swalwell and alleged links to a Chinese agent as the Democratic congressman makes gains in the California governor’s race.
The Washington Post reported on Saturday, citing “three people familiar with the effort”, that the FBI director, Kash Patel, is pushing to release the files, even though there is no public evidence of wrongdoing on Swalwell’s part. The records stem from a decade-old investigation into a suspected spy who had developed relationships with US politicians and assisted Swalwell with fundraising.
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Resumption of diplomatic operations come three months after former president Maduro was abducted
The US government is resuming operations at its embassy in Venezuela, the state department announced on Monday, nearly three months since former president Nicolás Maduro was abducted from the country and locked up in the US.
The resumption of US diplomatic operations in Venezuela marks a significant step in the US-Venezuela relationship, as the Trump administration begins to work closely with the government of Delcy Rodríguez, the acting president who replaced Maduro after his forcible ousting by US troops. Rodríguez was Maduro’s vice-president.
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Recent pain points are significant but belie key differences between now and the great financial crisis.
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The acquisition would be the latest major deal across consumer‑facing industries as firms look for scale to navigate weaker demand and persistently higher costs.
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Air Canada said Monday that President and CEO Michael Rousseau will retire by the end of the third quarter of 2026, capping nearly two decades with the company.
The announcement comes the same month as a fatal crash involving an Air Canada Jazz flight from Montreal at New York’s LaGuardia Airport.
In its statement, Air Canada framed the move as part of a long-running succession process, saying internal development work had been underway for more than two years and that an external search began in January 2026.
“On behalf of the entire Board, I want to thank Mike for his many contributions to Air Canada as he progressed from Chief Financial Officer to Deputy CEO and then to CEO and Board member,” Chair of the Board of Directors Vagn Sørensen said in a statement Monday.
“We are grateful for the determined leadership he has provided not only in steering our company through the 2007-2008 financial crisis, COVID and other challenges, but also in capturing opportunities such as the acquisition of Aeroplan, in restoring the solvency of our pension plans and in advancing customer centricity and employee well-being priorities,” Vagn Sørensen said. “Our upcoming AGM will allow us to further recognize his achievements, which include a legacy of financial strength.”
Canada’s largest airline, based in Quebec, said Rousseau told the board he would leave by the end of the third quarter.
Air Canada shares fell more than 2% on the Toronto stock exchange.
Days before the announcement, Rousseau faced sharp criticism over an English video condolence message following the fatal LaGuardia Airport crash involving an Air Canada Jazz flight from Montreal.
Canada is an officially bilingual nation, and Prime Minister Mark Carney said the message showed a lack of compassion and judgment, while Quebec officials and others called for Rousseau to resign.
Rousseau’s four-minute condolence video posted online included only two French words — “bonjour” and “merci.”
“I am deeply saddened that my inability to speak French has diverted attention from the profound grief of the families and the great resilience of Air Canada’s employees, who have demonstrated outstanding professionalism despite the events of the past few days,” Rousseau said in a statement. “Despite many lessons over several years, unfortunately, I am still unable to express myself adequately in French. I sincerely apologize for this, but I am continuing my efforts to improve.”
NTSB FLAGS ‘CONFLICTING INFORMATION’ IN LAGUARDIA TOWER, UNCLEAR WHO HANDLED GROUND-CONTROL DUTIES
Language remains a sensitive issue in mostly French-speaking Quebec, the country’s second-most-populous province, where unhappiness over the dominance of English helped the rise of the separatist Parti Quebecois in the 1970s.
While Air Canada is a publicly traded company, it is required to provide services in both English and French under the Official Languages Act, which guarantees the public’s right to communicate with the company in either language.
Quebec’s provincial legislature last week adopted a non-binding motion calling on Rousseau to quit over what lawmakers called his lack of respect for the French language.
An election for the Quebec legislature will be held by October and polls indicate the Parti Quebecois, which wants to break away from Canada, will win most seats.
AIR CANADA FLIGHT ATTENDANT EJECTED FROM CRASH SHOWN IN HOSPITAL BED
In 2021, Rousseau apologized and pledged to improve his French after then-Prime Minister Justin Trudeau criticized him for giving a speech almost entirely in English in Montreal, where the airline is headquartered. Quebec Premier François Legault noted that when Rousseau was appointed president of the airline in February 2021, he promised to learn French.
LAGUARDIA PLANE CRASH AIR TRAFFIC CONTROL AUDIO REVEALS FRANTIC CALL FOR TRUCK TO ‘STOP, STOP, STOP’
Rousseau took over as CEO at Canada’s largest airline in February 2021 and helped Air Canada recover after the COVID-19 pandemic, while apologizing at the time for his poor French. He also faced criticism for his handling of a four-day strike by flight attendants last year.
Federal Transport Minister Steven MacKinnon issued a short statement thanking Rousseau for his contributions to Air Canada, adding that the government would make sure the airline offered a bilingual service.
Air Canada’s board will now consider possible successors and says French-language ability will be among the criteria.
Reuters contributed to this report.
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Scheme for accusers of store’s former owner Mohamed Al Fayed to close before end of retailer’s internal investigation
Harrods has been accused of being “neither fair nor just” over its decision to close a compensation scheme for survivors of alleged sexual abuse by the luxury department store’s former owner Mohamed Al Fayed.
Kingsley Hayes, partner at KP Law, which is representing nearly 280 survivors, questioned why the scheme was being closed on Tuesday 31 March, before Harrods had completed an internal investigation into what happened and who knew about it.
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Have you ever overpaid for a beer? Matt Cortland has, and it set him on a path to never repeat the mistake.
That is, for Cortland’s drink of choice: a pint of Guinness. After paying €7.80 (about $8.93) for Irish dry stout at a pub in Dublin earlier this month, the 37-year-old grew curious about the average cost of a pint across Ireland.
To his astonishment, the country’s Central Statistics Office had dropped price tracking of the nation’s most popular beer in 2011. That led Cortland to the wild idea of tracking the price himself.
Cortland—founder of an AI startup—turned to AI to lend him a hand, and a voice. He devised Rachel with AI voice generation platform ElevenLabs. Made as an homage to Rachel Duffy, the winner of the UK version of the reality TV show The Traitors and equipped with a Northern Irish accent, the voice-enabled AI agent made more than 3,000 calls across the island, inquiring about the price of a pint of Guinness.
“I was like, ‘Well can I just call every pub in Ireland and conversationally ask them with AI?,’” Cortland told Fortune. “I pulled the thread, and I just kept pulling the thread, and here we are.”
Using the data accrued from the thousands of phone calls, he then turned to Anthropic’s Claude to devise the “Guinndex,” which he calls a “living, breathing” consumer price index for a pint of Guinness across Ireland. It also allows bartenders and beer drinkers to contribute to, and modify prices.
Now Cortland can see how his €7.80 pint weeks earlier matches up with the rest of Ireland. On Monday, the average price was about €6.01 (about $6.88) and the most common price was €5.50 ($6.30).
Guinness parent company Diageo didn’t respond to Fortune’s requests for comment. Beer prices are independently set by pub owners across Ireland.
AI models are advancing at an increasingly rapid pace, surpassing benchmarks even the most sophisticated scientists deemed out of the realm of the machine. And while many shudder at the idea of an AI job apocalypse, others are leveraging the technology to answer complex questions. Some have even used it to sell their home.
And while OpenAI CEO Sam Altman and Google President Ruth Porat think the technology will solve the world’s most complex issues like finding a cure for cancer, AI is also solving smaller, albeit still important, problems along the way.
Rachel, Cortland’s AI agent, is one of a growing number of voice AIs that are appearing on the other end of your phone line. Data from voice AI firm Regal showed that customers are finding the AI as credible as humans.
Based on data from millions of calls with voice AI agents, people are taking 14% more time to chat with AI than they would with a human representative. They’re also giving 22% longer responses, sharing details they’d normally skip.
Cortland said he saw similar results. The conversations his AI had across Ireland showed that most didn’t realize they were communicating with AI. The transcripts of some of those conversations, reviewed by Fortune, make that clear.
“The cost of a pint of Guinness? Twenty-five pounds. But if you’re coming in for a wee drink, I’ll give it to you for a fiver,” a bartender at Doogies in Enniskillen, Northern Ireland, told Rachel.
“Listen, they’re normally 6.20 [euros], but if you can’t afford one, we’ll buy you one. We’ll look after you,” a bartender at Malzard’s Pub in Kilkenny, Ireland, told the AI.
While the Guinndex hasn’t yet led to a dramatic price shift, Cortland said he has already seen it yielding results. In one instance, he said a pub owner reportedly lowered the cost of his Guinness by 0.40 euros and then updated the entry on the Guinndex himself.
He’s hoping to replicate the success of the Guinndex for other products, perhaps for prescription drugs in the U.S., where he is originally from, or even for a slice of pizza in New York City.
For Cortland, the level of transparency is essential in a market where he has seen prices fluctuate wildly, sometimes by nearly 2 euros, between pubs located literally 100 yards away from one another.
“If you’re charging €11 for a pint of Guinness, that’s fair enough,” he said (the priciest pint in Ireland is €11, according to the Guinndex). “But people should know that information.”
Have you used AI to navigate a major life decision like buying a home, negotiating a deal, or doing something else with high stakes? I’d love to hear your story. Reach out to me at jake.angelo@fortune.com.
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East New York’s sprawling 10-building Innovative Urban Village complex launched a housing lottery last week for 291 mixed-income apartments. Located at 30 Inspiration Lane (formerly known as 12096 Flatlands Avenue), the building falls under the 10.5-acre project’s first phase, which will include 386 affordable homes, a fresh food grocery store, and covered parking upon completion this summer. New Yorkers earning between 30 and 80 percent of the area median income can apply for the units, priced from $561/month for studios to $2,691/month for three-bedrooms.

Developed by the Gotham Organization and Monandock Organization in partnership with the Christian Cultural Center (CCC) and designed by Practice for Architecture and Urbanism (PAU), the development is revitalizing the CCC’s campus with new housing and community amenities.
The City Council approved the project in November 2022 alongside Innovative QNS, a similar mixed-use development in Astoria that has since been scrapped.
Construction began last July on Phase 1A, which measures roughly 437,000 square feet, including 386 affordable apartments and about 17,000 square feet of retail space planned for a supermarket serving fresh groceries to residents. About 94 units of this phase will be reserved for survivors of domestic violence, who will also be offered on-site support and case management.
Other neighborhood-serving retail will line Pennsylvania Avenue. Residents will also have access to approximately 82 below-grade parking spaces.


The modern homes will include access to a range of amenities such as on-site laundry, bike storage, a fitness center, an outdoor terrace, a children’s playroom, a computer room, and a residents’ lounge. The complex will also feature a performing arts center, a workforce development center, and landscaped green space with walking paths.
Innovative Urban Village incorporates a range of sustainable design features, including all-electric heating and cooling, solar panels, green roofs planted with drought-resistant vegetation to reduce heat and water use, electric vehicle charging stations, low-flow fixtures, LED lighting, and Energy Star appliances, as 6sqft previously reported.
Phase 1B, scheduled for completion in July 2027, will include two mixed-use buildings totaling approximately 493,000 square feet and 453 affordable rental units. It will also feature about 12,000 square feet of community space, 10,000 square feet of retail space, and 102 underground parking spaces.
Future phases of the project are expected to be completed by 2031.
Plans for Innovative Urban Village began circulating in December 2018, when the CCC announced a partnership with the Gotham Organization to redevelop its campus into a mixed-income community, or ‘urban village.’ CCC is the largest congregation in NYC, with roughly 45,000 members.




Qualifying New Yorkers can apply for the apartments until May 25, 2026. Complete details on how to apply are available here.
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Carvana Co. (NYSE:CVNA) shares are trading lower Monday. The Nasdaq is down 0.08% while the S&P 500 has gained 0.21%.
WTI crude oil futures rose to $101.7 a barrel on Monday. This puts oil on track for a record monthly surge of over 50% in March, according to Trading Economics.
The spike comes as President Donald Trump threatened to obliterate Iran’s oil infrastructure.
That backdrop likely weighs on Carvana because CVNA tends to trade as a high-beta, sentiment-sensitive consumer discretionary name.
When oil prices rise, investors often anticipate higher inflation risk, increased pressure on household budgets, and a more constrained environment for consumer spending.
Elevated fuel costs …
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In a weekly video to CNBC PRO subscribers, Woods explained the key levels to watch on the S&P 500 if it falls into a correction.
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The Green party leader said Ofsted is a ‘failed institution’ and that teaching should move ‘toward a genuinely collaborative model’
Starmer complained about other parties whipping up division, and he specifically criticised Nick Timothy, the shadow justice secretary, for “complaining about Muslims praying in public”.
Labour, by contrast, values bringing people together, he said.
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Welsh affairs committee says Bridgend jail is ‘not the right place’ to add inmates after deaths, violence and staff shortages
Plans to expand one of the most troubled prisons in England and Wales should be paused until serious failures surrounding staff and inmate safety are addressed, MPs have said.
Seventeen men died at HMP Parc in Bridgend in 2024 – the highest number recorded at any prison in England and Wales that year – amid drug use, self-harm, violence and understaffing issues. Another three men died there in the first nine months of 2025.
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Private equity giants KKR, CD&R and PAI Partners are pushing forward on a bid for a 50% equity stake in Nestlé’s water and premium beverages division. The division, which comprises brands like Perrier and S.Pellegrino, is valued at approximately $5.75 billion.
Blackstone, Bain Capital and Platinum Equity have also shown interest in the sale, sources told Reuters.
Rothschild & Co. is understood to be advising on the sale process. Sources also told Bloomberg that bankers are working on debt financing of up to 2 to 3 billion euros (~$2.3 billiion to $2.45 billion) to fund the possible transaction.
Last year, Nestlé announced that it would be restructuring …
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Fresh data from the IRS shows that Americans’ average tax refunds in the 2026 filing season have risen significantly from last year as the filing deadline approaches.
IRS data through March 20 showed that the average tax refund amount has risen to $3,571 in the 2026 filing season to date, an increase of $350 or 10.9% from the $3,221 average refund at this stage of the filing season in 2025.
The total amount refunded to taxpayers by the IRS through March 20 was more than $202 billion, an increase of 12.9% from the $179 billion refunded at this stage last year.
The total number of refunds issued has increased modestly from last year, increasing 1.8% to just over 56.7 million with an increase of about 1 million for the 2026 filing season.
IRS REFUND TRACKER EXPLAINED: WHAT YOU NEED TO KNOW BEFORE THIS YEAR’S TAX FILING DEADLINE
Overall, the filing season is progressing at a slightly slower pace than last year’s. The total number of returns received as of March 20 was nearly 78.9 million, a decrease of 0.9%, while the total number of returns processed was just over 77.8 million, down 1.1%.
A growing number of taxpayers are choosing to prepare their tax returns on their own this year, with the number of self-prepared returns filed up 1.9% to more than 37.8 million.
By contrast, the number of e-filed returns submitted by tax professionals on behalf of their clients is down 1% when compared with last year, with 39.7 million submitted by tax professionals so far.
The deadline to file your return for tax year 2025 is Wednesday, April 15, although taxpayers who need an extension may request it by the date – though they’re required to make an estimated payment.
IRS WARNS TAXPAYERS TO BEWARE OF DANGEROUS NEW SCAMS THIS TAX SEASON
More Americans are receiving refunds via direct deposit in this filing season as the IRS phases out paper refund checks for most taxpayers.
Direct deposit refunds – a metric that includes all refunds processed this year including current and prior year returns – is up 6.5% from a year ago to nearly 57.3 million.
The average direct deposit refund is up 8.4% and has risen to $3,561; while the total amount refunded by direct deposit has increased 15.5% to nearly $204 billion.
IRS UNVEILS PROPOSED REGULATIONS FOR NEW TRUMP ACCOUNTS SAVINGS PROGRAM
While the IRS began phasing out paper refund checks last fall, it will still send paper checks if no alternative is available. Options for taxpayers without bank accounts include prepaid debit cards, digital wallets or other limited exceptions.
IRS data also shows a surge in the number of visits to the agency’s website this tax season, with visits to IRS.gov up 55.6% from a year ago – rising from 244 million to more than 380 million visits.
Changes to federal tax law under the One Big Beautiful Bill Act, which was enacted by President Donald Trump last year and made significant changes to aspects of the federal tax code, may have contributed to the surge in web traffic.
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Those changes include new, temporary deductions for income derived from tips and overtime, an enhanced deduction for seniors, an auto loan interest deduction as well as the creation of so-called Trump Accounts, which are savings accounts for newborns that are seeded with federal funds and are also available to be created for older children.
Elon Musk is known for his perennial feuds with powerful people, like with President Donald Trump, OpenAI CEO Sam Altman, and Amazon founder Jeff Bezos. But his latest clash is with someone whose name you don’t know: the chancellor (now formerly) presiding over two lawsuits against Tesla.
Delaware Chancery Court Chancellor Kathaleen McCormick is reassigning two cases involving Musk after the chancellor allegedly reacted in support of a LinkedIn post that criticized the Tesla founder.
Last week, Musk’s attorneys demanded that the Delaware Chancery Court Chancellor recuse herself from the cases. In a new letter released on Monday, McCormick denied the motion for recusal but stated she was reassigning the cases instead. “The motion for recusal rests on a false premise—that I support a LinkedIn post about Mr. Musk, which I do not in fact support,” read the letter. “The motion for recusal is denied. But the motion for reassignment is granted.”
This all stems from an alleged “reaction” to a post on LinkedIn. In a screenshot of the post—which now appears to be deleted, but was included in the lawyers’ original filing—a California-based jury consultant, Harry Plotkin, sarcastically apologized to Musk and his long-time lawyers at Quinn Emanuel Urquhart and Sullivan after a California jury ruled the X owner misled Twitter investors before buying the company in 2022. Plotkin, who does not appear to be involved in the Delaware lawsuit involving Tesla, worked as a jury consultant for the plaintiffs in the Pampena v. Musk case in California, according to Musk’s lawyers.
“Sorry, Elon. Sorry, Quinn Emanuel. Thanks $2 billion for your help in this trial. It was a pleasure working against you,” Plotkin allegedly wrote in the LinkedIn post, according to the filing. “Congratulations to the trial team at Cotchett, Pitre and McCarthy, LLP and Bottini Law for standing up for the little guy against the richest man in the world,” the post said.
The chancellor, according to the filing, allegedly reacted to the post, and Musk’s lawyers alleged that’ was enough to get her thrown from the case. McCormick is presiding over two separate derivative cases including Musk. The first case involves a dispute over how much in legal fees the lawyers who won a case against Musk should be paid. The other is an ongoing case against the Tesla board of directors that alleges they paid themselves with excessive compensation packages.
In a motion filed last week, the lawyers shared a screenshot from March 23 that showed an account, which had the name “Katie McCormick” and included a profile picture of the chancellor, reacted with “support”—one of five LinkedIn reactions that include liking, celebrating, loving a post, or finding a post insightful or funny.
Musk’s lawyers added that most people who reacted to the post used the “like” function and not “support.” The lawsuit alleges that later that day, McCormick deactivated her account. Musk’s lawyers cited several Delaware Supreme Court case laws that protect against judge bias in cases and when judges are obliged to recuse themselves.
“In light of the Court’s recent public support of LinkedIn posts that create a perception of bias against Mr. Musk in these cases, recusal is necessary and warranted,” Musk’s lawyers wrote in the filing.
McCormick denied the request to recuse herself but did agree to reassign the three cases involving Musk that she was presiding over on Monday.
In a letter to both the plaintiffs and Musk’s attorneys on Tuesday, McCormick wrote she does not support the post and denied having read the post, beyond a screenshot that was sent to her on March 23.
“I either did not click the ‘support’ icon at all, or I did so accidentally,” McCormick wrote in the letter. After seeing a screenshot on March 23 of the post and the alleged reaction, she reported the “suspicious activity to LinkedIn,” she wrote. When she later attempted to log in to the platform, she claimed her account was locked. Her letter also confirmed Musk’s lawyers’ filing in that she deactivated her account.
McCormick wrote she had planned to send the letter before Musk’s attorneys filed a motion for recusal. In the meantime, the chancellor placed the two shareholder cases on pause, Reuters reported.
In another claim in the filing, Musk’s lawyers also alleged that a court staffer (whose LinkedIn profile allegedly said she worked from McCormick, according to the filing) liked a post that included a screenshot of an article about Musk’s testimony in the California case, in which he testified that he believed McCormick was biased against him. Musk’s lawyers argue this is further grounds for recusal.
“The supportive reactions to those posts, by accounts under the control of the Court and a member of court staff, independently create a perception of bias in these cases that the Court supports the outcome in the Pampena case and would support a similar outcome for allegations made here,” Musk’s lawyers wrote in the filing.
Tesla, Musk’s lawyers, and McCormick did not immediately respond to Fortune’s request for comment.
Not their first clash
Musk and McCormick have been facing off for years over Tesla’s board of directors compensation, including Musk’s. In 2024, McCormick ruled in favor of Tesla shareholders who sued Musk over his $55 billion compensation, which they claimed was the product of sham negotiation with the board who was not independent of him. In 2022, the chancellor presided over Twitter’s lawsuit against Musk to complete his $44 billion purchase of Twitter after he attempted to back out.
Musk’s lawyers argue that the pair’s history is particularly relevant due to McCormick’s history with Musk and ruling against his compensation packages.
While the alleged comments from McCormick and her staff member only involve Musk in name, his lawyers argued that bias against him could affect his co-defendants and Tesla. They point to past rulings from McCormick, including the one regarding Musk’s compensation. The chancellor ordered Tesla to pay the plaintiff’s $345 million in legal fees because “[the] Plaintiff had to piece
together what transpired in a transaction process involving a close-knit group of
“[W]e were unlikely to win the case in Delaware because the judge was extremely biased against me,” Musk said in a March 4 testimony in California. “This was, in fact, the same judge that struck my Tesla option grant that was subsequently overturned by the Delaware Supreme Court. So it’s accurate to say she was—that that judge was not favorably inclined to me. Not objective.”
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The SpaceX IPO is shaping up to be the biggest in history.
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U.S. equity markets bounced off seven-month lows on Monday, with major indices broadly higher by midday as President Donald Trump disclosed active negotiations with a “new and more reasonable” Iranian regime while Fed Chair Jerome Powell downplayed the need for imminent rate hikes.
• Amazon.com shares are advancing steadily. Why is AMZN stock advancing?
Powell reinforced the cautiously optimistic mood at Harvard University on Monday, where he said President Trump’s tariffs represented a “one-time price bump” and that the central bank has limited ability to offset supply shocks like war-driven energy surges.
“Inflation expectations appear to be well-anchored,” Powell said.
Markets interpreted Powell’s remarks as modestly dovish: the implied probability of a Fed rate hike in 2026 dropped to around 18%, as per the CME FedWatch tool.
The yield on the 10-year U.S. Treasury note fell around 10 basis points to 4.34%, pulling back from the eight-month highs struck on Friday. The 2-year note also fell about 10 basis points to 3.82%, while the 30-year bond yielded 4.90%, down seven basis points.
Across U.S. equity markets by midday Monday, gains were broad-based, with nine of 11 S&P 500 sectors advancing.
The S&P 500 advanced 0.7% to 6,413, while the Dow Jones Industrial Average gained 1.1% to 45,650. The Nasdaq 100 gained 0.5% to 23,240.
Lawyers for paper say investigator’s disputed claims were used to recruit prominent figures to case
Public figures such as Doreen Lawrence and Elton John were “induced” to sue the Daily Mail’s publisher on the basis of a private investigator’s now disowned claims of illegal activity, the high court has heard.
Seven people including Prince Harry have accused Associated Newspapers Ltd (ANL) of using unlawful information gathering to obtain stories. John’s partner, David Furnish, and the actor Liz Hurley are also among the group. ANL denies all the claims.
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Federal Reserve Chair Jerome Powell spoke Monday at Harvard University.
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Reports, based on X post from unofficial account, follow JD Vance’s accusations and threats of finding ‘legal remedies’
Several news outlets have falsely reported that Somaliland’s government called for the extradition of Ilhan Omar, basing their stories on a post from an X account that does not represent the state despite its claims to the contrary.
Fox News, the New York Post, Sinclair Broadcast Group’s the National News Desk and the Independent ran stories on the US representative. The reports centred on a post by @RepOfSomaliland in reaction to claims by JD Vance that Omar had committed immigration fraud, which echoed prior allegations against the Somali-born Minnesota Democrat that she has vehemently denied.
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Financial services firm Argyle has integrated its direct-source income, employment and asset verification tools into Vesta’s loan origination system, the companies announced Monday. The move aims to give mortgage lenders embedded access to real-time payroll and banking data inside the LOS.
The integration allows lenders using Vesta to order, view and refresh Argyle verifications from within the core origination workflow, from application through underwriting, according to a press release. By eliminating the need to toggle between systems or manually upload documents, lenders can automate more of their pipeline and reduce file-handling friction for operations teams.
New York City-based Argyle specializes in consumer-permissioned access to data stored in payroll and bank accounts. Its platform is already an authorized report supplier for Fannie Mae’s Desktop Underwriter validation service and an approved service provider for Freddie Mac’s Loan Product Advisor asset and income modeler (AIM). The company explained that lenders are able to plug Argyle data directly into existing validation workflows through the government-sponsored enterprises (GSEs).
San Francisco-based Vesta positions itself as an artificial intelligence (AI)-native LOS and agent platform that combines configurable business rules with autonomous agents to interpret documents, call third-party tools and orchestrate work across teams via an application programming interface (API). The Argyle integration extends that approach into verifications, one of the most labor-intensive and costly parts of manufacturing a mortgage.
“Verification is one of the most operationally intensive parts of the mortgage process,” John Hardesty, senior vice president of revenue at Argyle, said in a statement. “By integrating directly into Vesta’s LOS, we’re helping lenders automate more of their pipeline within the systems they already use every day.”
“With verification costs top of mind for many lenders, this integration highlights Vesta’s commitment to providing a flexible, interoperable platform that meets the evolving needs of the industry,” Vesta CEO Mike Yu said.
The Argyle-Vesta connection is available starting Monday and is already live with initial mutual customers, the companies said, with broader access expected in the coming months.
Income, employment and asset verification has been a critical focus area for lenders as they work to lower origination costs and shorten cycle times in a market defined by thinner margins and uneven volume. Verification fees and manual follow-ups with employers and consumers can add days of delay and significant overhead to each file.
Direct-source, consumer-permissioned data — pulled in real time from payroll and bank systems and fed straight into the LOS—aims to address several pain points:
For mortgage executives evaluating LOS or verification strategies, the Argyle-Vesta integration illustrates how newer LOS platforms are competing: less as monolithic systems and more as configurable, API-first hubs that can embed income, employment and asset tools lenders already trust. That approach can make it easier to pilot new verification models without replatforming the entire tech stack.
The timing aligns with several ongoing industry trends:
For lenders already on Vesta — or considering a move to an AI-native LOS — the Argyle integration provides another option for consolidating verification workflows and aligning with agency programs while potentially lowering vendor complexity.
The sharp decline in some of the stocks in the AI and crypto space last week proved to be a boon for inverse ETF traders, who saw their positions pay off handsomely in a volatile market.
The past week saw shares of Coinbase Global Inc (NASDAQ:COIN), Nebius Group (NASDAQ:NBIS), and IREN Limited (NASDAQ:IREN) decline significantly, due to a combination of factors such as missed earnings, concerns overt high capital spending, and macroeconomic instability.
Coinbase fell more than 15%, Nebius was down around 13%, and IREN slid around 16% last week. While the AI names were struggling, inverse ETFs on those rallied significantly, delivering some juicy returns for inverse ETF traders.
Inverse ETFs on those stocks rallied by 10-14% …
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The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET.
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The gov’t agency responsible for policing credit reporting agencies is being defunded. How can you make sure your credit score is safe?
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One twin wanted to take parental responsibility from the other for child P after both had sex with child’s mother
A woman who had sex with identical twins within four days of each other is unable to ensure one of them takes parental responsibility because it is “not possible” to know which is the father, the court of appeal has said.
One of the twins was registered as the father on the birth certificate of the child, referred to as P. His identical twin, along with the mother, sought to take over parental responsibility by asking the court of appeal to overturn a previous family court decision.
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On March 9, President Donald Trump picked up a phone call from CBS at his golf course in Doral, Florida, and said, “I think the war is very complete, pretty much.”
“Iran has no navy, no communications, they’ve got no air force. Their missiles are down to a scatter. Their drones are being blown up all over the place, including their manufacturing of drones,” the president told the correspondent.
That was one week after the war began, when only 3,000 targets were destroyed, and markets took Trump at his word, causing the price of oil to drop a whopping $13, all the way down to $91.
Three weeks later, the war has no end in sight, and markets are so numb to the President’s Sunday evening/Monday morning habit of insisting peace talks are happening or walking back on previous threats to Iran in order to calm markets that they barely react to what he says anymore. Brent crude futures for May delivery climbed to their near peak in the futures market Sunday evening, before drifting down to $113 on Monday.
West Texas Intermediate, the benchmark for American oil prices, rose to roughly $101 a barrel, as signs show that the gas crisis that has been roiling Asia—causing South Koreans to be told to take shorter showers, Thais to wear shorter sleeves to conserve energy, and the Philippines to distribute cash aid to motorcyclists slammed by higher fuel costs—is far from contained. The same supply disruptions driving those Asian measures are now pushing American gas prices to three-year highs. Brent has now soared more than 50% in March, putting it on track for the steepest monthly gain since the 1990 Gulf War.
Meanwhile, all signs point to the war escalating on multiple fronts. Yemen’s Iran-backed Houthi rebels entered the war over the weekend after weeks of silence, launching cruise missiles and drones at Israel. The Pentagon is reportedly preparing for weeks of ground operations inside Iran, according to the Wall Street Journal, including a potentially devastating and dangerous mission to excavate Uranium from Iran. And in an early Monday post on Truth Social, Trump threatened to “blow up and completely obliterating” Iran’s power plants, oil wells, and Kharg Island export hub if a deal isn’t reached and the Strait of Hormuz isn’t immediately reopened. He told the Financial Times on Sunday that his preferred option would be to “take the oil.”
The consequences are already slamming American consumers. The national average gas price hit $3.99 on Monday, up from $2.98 in February, according to AAA—the highest since the crisis caused by Russia’s invasion of Ukraine in 2022. The International Energy Agency has released 400 million barrels from strategic reserves to ease the shock, but prices have continued to climb.
Wall Street is now bracing for the inevitable second-order effects. Société Générale analysts wrote Monday that they expect “higher for longer” Brent prices, forecasting a base case of a Brent average $125 in April, with “credible spikes” toward $150 if the Bab el-Mandeb Strait at the southern end of the Red Sea is shut down by the now entering Houthi forces.
Analysts are currently agonizing over whether or not to “look through” the potential inflation shock from higher oil prices, as many cling to hopes that the Fed will cut rates. Inflation has “flatlined” at 3% for the past couple of years, Jim McCormick, Chief Global Macro Strategist at Citi, told Bloomberg TV, and now with the added risks from higher commodity prices, it’s looking like inflation could be “significantly higher in the coming months.”
Chair of the Federal Reserve Jerome Powell said during a Q&A at Harvard University on Monday that the Fed hadn’t lost sight of its 2% inflation target, but that the Fed’s tools have “no meaningful effect on supply shocks.” Meaning the Fed can’t rescue markets or consumers from rising gas prices or the resulting price hikes in groceries and other items. McCormick was clear that this was not an environment for investors to take on more risk.
“The mix we’re looking at, which seems quite obvious now, is more stagflation,” he added. “Growth is going to be marked down as a result of this conflict; inflation is going to be marked up. It’s not great for bonds. It’s not great for equities. It’s a pretty bad mix for markets in general.”
On the sixth week of this conflict, there’s a bit of a ‘can’t do this anymore’ sense for investors, exhausted by the volatile up and down and waiting for the doomsday $200 oil projections to set in. Economist Ed Yardeni told clients over the weekend that this “fetal position” investors are retreating into is a sign that Trump is at least not bluffing about escalating the conflict.
“The fog of war is getting thicker because of the likelihood of U.S. boots on the ground (the ‘bog of war’),” he wrote.
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Worlds marks the last competition of the 2025-2026 season. Skaters have some time to go on tour, rest up and learn new routines before the next season starts in July.
(Image credit: Michal Cizek)
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Premarket Positioning — Monday, March 30, 2026
The session opened lower on Sunday evening, with S&P 500 Futures (ES) breaching the September and August lows, while Dow Jones Futures (YM) also took out key downside reference points. In contrast, Nasdaq Futures (NQ) failed to engage comparable liquidity below its relative lows, creating an SMT divergence—indicative of a potential shift in positioning dynamics.
At these lower price clusters, the market transitioned into a recovery phase, rotating higher in search of upper liquidity zones. Current conditions reflect a stable volatility regime, …
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Business leaders are alerting white-collar workers that the golden age of the knowledge economy is quickly ending thanks to AI, while blue-collar jobs will be in high demand.
That’s what Chris Power, CEO of Hadrian, said in a recent interview with tech publication Sourcery at the Hill and Valley Forum.
“All the white-collar jobs are going to get automated,” he predicted. “I think we’re going to see massive hyperinflation in blue-collar salaries.”
His firm, which does work for the defense sector, seeks to automate factories so that nonspecialized workers can become proficient in complex manufacturing industries.
If forecasts from Microsoft AI chief Mustafa Suleyman and Anthropic CEO Dario Amodei are right, many white-collar workers could be out of work in as soon as 18 months.
At the same time, the AI infrastructure boom is fueling demand for blue-collar workers, like electricians. For some, the signs are clear that blue-collar work will offer a more secure future for America’s youth than the white-collar careers exposed to AI.
“Everyone, go tell your kids to quit college and university and go get a welding certification,” Power said. “The country needs you.”
For now, Power’s prediction of “massive hyperinflation” in blue-collar pay remains just that.
The Bureau of Labor Statistics listed the median pay for a welder at $51,000 in 2024, the latest year for which data is available. That’s lower than the median pay of roughly $60,000 for all workers in the U.S. the same year.
What’s more, BLS estimated employment of welders, along with cutters, solderers, and brazers, will only grow 2% through 2034, slower than the average for all occupations.
Still, as the AI data center buildout explodes thanks to record-breaking investments, which will hit $700 billion this year alone, some blue-collar roles are rising in demand. There’s currently a dire shortage of electricians, and employment in the profession is expected to grow by 9% through 2034, well above the average growth for all occupations.
The salaries are there to meet the demand. Construction workers at AI data centers, for example, are earning an average of about $81,100 annually, according to data from hiring platform Skillit. Even outside of the AI boom, other blue-collar careers are experiencing similar shortages, with a demand for about 250,000 shipbuilders in the U.S.
But while he touts blue-collar roles, Power revealed his company had “secretly” begun to automate some welding as part of its contract with the U.S. Navy. “Because there’s a lot of welding on submarines,” he said.
Of course, robotic welding has existed since the 1960s, and the numbers show that this sort of automation hasn’t quite led to a significant decrease in demand for welders. Power said he can’t get enough welders in his own factories even with automation.
Aside from welding, the CEO sees another industry boom he finds tangentially related to machining and construction jobs: food.
“I think one of the greatest opportunities for private capital—apart from public-private investment alongside the Department of War—is to build Chick-fil-A’s and bars around all of our factories,” he said. “We need to eat so we can work harder for the country.”
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The National Hispanic Construction Alliance (NHCA) — an offshoot of the National Association of Hispanic Real Estate Professionals — is nearing its second anniversary and connecting Hispanic workers building homes with the real estate professionals selling them.
Near-term goals include reaching 20 markets by the end of the year and creating a national network that connects contractors, homebuilders, real estate brokerages and lenders.
“Selling a home is a cycle. A lot of times, homes either need repairs to be sold or need to be updated as soon as they’re sold,” said NHCA Executive Director Sergio Barajas told HousingWire. “We’re there at that crossroads where we’re available to identify contractors [in] our membership and can assist.”
Juan Sanchez — broker-owner of Century 21 Bear Facts Realty in Denver and president of Denver’s NHCA chapter — sees the connection between real estate and construction as essential to optimal client service.
“Education is power, and getting to know more about new construction or just the construction industry in general has really helped my brokerage educate our homebuyers, since we now understand the whole process a lot better,” he said.
NHCA’s partnership model extends to lenders who offer renovation loan products such as FHA’s 203(k) program or conventional renovation mortgages.
Barajas said the biggest constraint for lenders looking to increase volume with these products is having a reliable conduit to contractors.
“You don’t want to steer anybody to a specific contractor, but you want to be able to say, ‘Here’s a few contractors that are working with us and are part of our membership. You may want to vet them as potential,’” Barajas said.
The alliance is also working to expand home inventory through easier access to renovation funds.
“Oftentimes, people run out and say, ‘That’s a three [bedroom]-one [bathroom]. If it was a three-two, I would buy it in the blink of an eye,’” Barajas said. “Think about how much easier it would be to just convert that property to a three-two if you had a contractor that you trusted.”
The need for stronger connections between real estate and construction comes as Hispanic workers are becoming increasingly essential to homebuilding industry capacity.
According to NHCA’s 2026 State of Hispanics in Construction Report, Hispanic workers now represent 31% of the construction workforce — up from 28% in 2018.
Between 2018 and 2024, Hispanic workers accounted for 67% of net new workers added to the industry, a gain of more than 646,000 workers.
Henry Galeas, director of operations at NHCA and primary author of the report, said the concentration is even more pronounced in production roles.
“Nearly half of all general laborers and one-third of skilled trades workers are Hispanic,” Galeas said. “They are essential to the operational backbone of the construction industry.”
Yet despite their growing presence in the workforce, Hispanic workers remain significantly underrepresented in leadership roles — accounting for only 15% of management positions and 13% of engineering roles.
Sanchez said the disparity reflects broader patterns he has observed in Denver.
“We’re going to help them become skilled laborers,” he said. “If they’re skilled laborers, maybe they’re trying to grow their own business and they want to become a [general contractor]. We want to give them the tools and the resources to do that.”
The report highlights educational attainment as a key factor shaping career mobility in construction.
Among non-Hispanic construction workers, roughly half have completed some post-secondary education.
“Education is really a big barrier,” Galeas said. “That precludes them from promoting within the construction industry if they are not getting that more formal education.”
Alliance leaders said immigration enforcement actions under the Trump administration have had direct consequences for construction labor supply, particularly in production roles.
Barajas described a member in Nashville with temporary residency status that’s no longer recognized who volunteered to self-deport, fearing that losing his case would mean separation from his wife and two children.
“We’ve been impacted at that very extreme end,” Barajas said.
The National Roofing Contractors Association has reported crews are as short as 40% in some cases, he added.
“That makes sense, because those that are most exposed to raids are those that are out and in the open,” Barajas said. “It’s usually the roofers or the framers. They’re out there exposed.”
“In the midst of a worker shortage, this could have a bigger impact on meeting needs, the injection of workers needed on an annual basis,” said Galeas. “We’re going to constantly fall short. If this is something that’s going to be constant, it’s just going to magnify the impact and the scope of the worker shortage.”
The report also highlights an aging workforce compounding labor pressures.
Workers aged 55 and older account for approximately 58% of total workforce growth since 2018.
“There’s a cliff that we are approaching in the next five to 10 years where a substantial portion of the overall labor force is going to age out,” Barajas said. “We went through a 20-to-30-year cycle where saying you were blue collar was almost like saying a four-letter word. They didn’t plant any seeds during that time period.”
For home builders and real estate professionals, the demographic trends carry implications for both labor supply and potential homebuyers.
“How do we get them to be able to participate in the home buying process?” Barajas asked. “Part of that is more education around purchases. For a lot of these folks, the biggest challenge is just lack of information. They already believe they’re priced out of housing.”
Sanchez said many of the Hispanic construction workers he works with in Denver are ready to buy homes but don’t know where to start.
“We’re creating those connections between the builders and the contractors and the real estate community by having focus groups, just informational seminars,” he said. “With that, we can bring everyone together, and we can let the builders and people in construction know about the process.”
Some regional homebuilders in Texas have begun offering incentives to construction workers, allowing them to purchase homes in the developments where they work without waiting in line.
Barajas said that model represents the kind of opportunity the alliance hopes to scale.
“Once we mature, by year five, my desire is that we actually start building and that we start building specifically with that thought process of creating more homeownership opportunities at the very grassroots level, which includes contractors and construction workers,” he said.
City regulator reduces number of loan agreements in line for compensation from 14m to 12m
The City regulator has tightened the rules of a mass compensation scheme over the car finance sandal, with fewer than expected victims set to pocket £830 on average.
The Financial Conduct Authority (FCA) released the final details of its planned redress programme, saying it had narrowed the number of loan agreements eligible for payouts from 14m to 12.1m contracts.
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French authorities are investigating a suspected link to Iran after thwarting a bomb attack outside a Bank of American building in Paris on the weekend, the interior minister said Monday.
The authorities suspect there could be a link to Iran due to similarities to other recent attempted attacks in Europe which a pro-Iran group claimed responsibility for, French Interior Minister Laurent Nuñez said.
On Saturday morning, Paris police officers spotted two suspects carrying a shopping bag near the premises of the Bank of America in the 8th arrondissement of the French capital. Five suspects have been arrested, including two on Monday, and the national anti-terrorism prosecutor’s office opened an investigation into alleged terrorism-related offenses.
Authorities are making a “direct link” with Iran because the “modus operandi is in every respect similar to actions that have been carried out in the Netherlands and in Belgium,” Nuñez said on French radio RTL on Monday morning.
In those cases there were claims by a pro-Iranian group that “linked them to the conflict” in the Middle-East, he said.
The group, known on Telegram under the name Harakat Ashab al-Yamin al-Islamia, which translates as the Islamic Movement of the Companions of the Right, also claimed responsibility for an attack last week in London, where four ambulances belonging to a Jewish charity were set on fire.
“Typically, intelligence services of this country (Iran) operate in this way: they use proxies, a series of subcontractors, often common criminals, to carry out highly targeted actions aimed at U.S. interests, the interests of the Jewish community, or Iranian opposition figures,” Nuñez said.
Nuñez said French authorities have stepped up security around key personalities and sites since the United States and Israel launched their war against Iran on Feb. 28, including the personal protection of some figures from the Iranian opposition.
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Bitmine Immersion Technologies (NYSE:BMNR) purchased 71,179 ETH last week, bringing total holdings to 4.73 million ETH worth $9.8 billion as Chairman Tom Lee called crypto a “good wartime store of value” amid the Iran conflict.
Bitmine accelerated its weekly purchase pace from an average of 45,000-50,000 ETH to 71,179 ETH, betting that Ethereum (CRYPTO: ETH) is in the final stages of a “mini-crypto winter.”
“As the Iran war enters its 5th week, ETH and crypto outperformed the broader market with ETH outperforming equities by 1,160 basis points,” Lee said.
“This is a marked contrast to Gold (a traditional store of value), which has underperformed by more than 750 basis points,” he added.
He noted that the inverse correlation …
Recessions are about shocks, and energy is a prime culprit, Tyler Goodspeed says
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Critics say films lauding country’s attitude to women and green credentials could damage corporation’s reputation
The BBC has been accused of making “glossy propaganda films” for Saudi Arabia’s sovereign wealth fund and taking money from a “repressive regime”.
BBC Storyworks, the corporation’s commercial arm, has entered into a partnership with Saudi Arabia’s Public Investment Fund (PIF). The broadcaster has made a series of films and written articles lauding the country’s supposedly progressive attitude to women and eco-friendly credentials. These are hosted on a mini-site that carried BBC branding.
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Rolex on Monday announced its new 30-story flagship at 665 Fifth Avenue will open this fall. Inspired by the watch brand’s signature fluted bezel, the building, designed by Pritzker Prize-winning architect Sir David Chipperfield, will feature a stacked facade with four terraces at each step-back. The 165,000-square-foot building will include a multi-level Rolex retail space, topped by office floors and additional retail tenants, along with amenities such as a restaurant and event space.

Chipperfield, who designed the condominium The Bryant in 2017, won a competition to rebuild the U.S. Rolex headquarters in 2019. The new tower replaces the 12-story building occupied by the company since the 1970s.
Situated on the southeast corner of Fifth Avenue and East 53rd Street, the Rolex Building features a stacked design composed of five volumes and four terraces at each setback. The New York Post first reported the building’s fall opening.
“In a city of towers, we have enjoyed the challenge of designing the new Rolex tower. With this project we hope to make our own contribution embodying Rolex’s values of precision, quality, and innovation as fundamental principles integrated into every aspect of the building—from its form and silhouette to its structure, materials, and the way it is built,” Chipperfield said.

Targeting LEED and WELL Platinum certifications, the project will feature all-electric operations along with on-site rainwater and greywater recycling systems. A double-skin facade improves thermal performance, and an advanced heating and cooling system circulates temperature-controlled water through ceiling pipes.
Rolex will share the office floors with Angeles Wealth Management, which will establish its first New York office in the tower.
In a statement, Luca Bernasconi, CEO of Rolex Watch U.S.A., Inc., said the tower reflects Rolex’s “clear commitment” to the city.
“New York City and Fifth Avenue, in particular, have long been crucial to Rolex in the US. The Rolex Building at 665 Fifth Avenue is a clear expression of our enduring commitment to this city: a beautiful example of modern architecture that will serve our team and tenants, as well as welcome clients for decades to come.”
Bernasconi added: “Sir David Chipperfield’s design captures the excellence, precision, and longevity that define Rolex, while setting a new standard for an exceptional workplace experience in the heart of Midtown.”
The Rolex Building is one of several luxury fashion brands developing new flagships on Fifth Avenue. As 6sqft previously reported, Prada plans to build a mixed-use tower at 724 Fifth Avenue, with a store at its base, with company offices and condominiums above.
Last fall, Louis Vuitton filed plans for a 25-story tower at 1 East 57th Street, replacing its existing 20-story building. In 2024, as Curbed reported, the Kering Group, which owns Gucci, Balenciaga, and Alexander McQueen, signed a deal to buy the retail portion at 715-717 Fifth Avenue for $963 million.
“It’s become an arms race. It’s not good enough to have a Champs-Élysées or Fifth Avenue address; it has to be a flagship with suitable prominence to stand for the brand,” Mark A. Cohen, the director of retail studies at Columbia Business School, told Curbed in 2024.
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The post Rolex to open 30-story David Chipperfield-designed office tower on Fifth Avenue this fall first appeared on 6sqft.
Rolex on Monday announced its new 30-story flagship at 665 Fifth Avenue will open this fall. Inspired by the watch brand’s signature fluted bezel, the building, designed by Pritzker Prize-winning architect Sir David Chipperfield, will feature a stacked facade with four terraces at each step-back. The 165,000-square-foot building will include a multi-level Rolex retail space, topped by office floors and additional retail tenants, along with amenities such as a restaurant and event space.

Chipperfield, who designed the condominium The Bryant in 2017, won a competition to rebuild the U.S. Rolex headquarters in 2019. The new tower replaces the 12-story building occupied by the company since the 1970s.
Situated on the southeast corner of Fifth Avenue and East 53rd Street, the Rolex Building features a stacked design composed of five volumes and four terraces at each setback. The New York Post first reported the building’s fall opening.
“In a city of towers, we have enjoyed the challenge of designing the new Rolex tower. With this project we hope to make our own contribution embodying Rolex’s values of precision, quality, and innovation as fundamental principles integrated into every aspect of the building—from its form and silhouette to its structure, materials, and the way it is built,” Chipperfield said.

Targeting LEED and WELL Platinum certifications, the project will feature all-electric operations along with on-site rainwater and greywater recycling systems. A double-skin facade improves thermal performance, and an advanced heating and cooling system circulates temperature-controlled water through ceiling pipes.
Rolex will share the office floors with Angeles Wealth Management, which will establish its first New York office in the tower.
In a statement, Luca Bernasconi, CEO of Rolex Watch U.S.A., Inc., said the tower reflects Rolex’s “clear commitment” to the city.
“New York City and Fifth Avenue, in particular, have long been crucial to Rolex in the US. The Rolex Building at 665 Fifth Avenue is a clear expression of our enduring commitment to this city: a beautiful example of modern architecture that will serve our team and tenants, as well as welcome clients for decades to come.”
Bernasconi added: “Sir David Chipperfield’s design captures the excellence, precision, and longevity that define Rolex, while setting a new standard for an exceptional workplace experience in the heart of Midtown.”
The Rolex Building is one of several luxury fashion brands developing new flagships on Fifth Avenue. As 6sqft previously reported, Prada plans to build a mixed-use tower at 724 Fifth Avenue, with a store at its base, with company offices and condominiums above.
Last fall, Louis Vuitton filed plans for a 25-story tower at 1 East 57th Street, replacing its existing 20-story building. In 2024, as Curbed reported, the Kering Group, which owns Gucci, Balenciaga, and Alexander McQueen, signed a deal to buy the retail portion at 715-717 Fifth Avenue for $963 million.
“It’s become an arms race. It’s not good enough to have a Champs-Élysées or Fifth Avenue address; it has to be a flagship with suitable prominence to stand for the brand,” Mark A. Cohen, the director of retail studies at Columbia Business School, told Curbed in 2024.
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Collien Fernandes accuses ex-husband, Christian Ulmen, of sharing sexually explicit deepfake images of her online
A high-profile German TV star’s allegations that her ex-husband spread AI-generated pornographic images of her have triggered a national debate and put pressure on the government to tighten laws around digital violence against women.
In an interview with the news magazine Der Spiegel last week, Collien Fernandes accused her former husband Christian Ulmen, a prominent TV presenter and producer, of impersonating her online for years and sharing sexually explicit deepfake images.
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A study of analyst recommendations at the major brokerages shows that OceanaGold Corp (TSX: OGC.TO) is the #25 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global M
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Michael Rousseau faced mockery for speaking English and not French while addressing fatal LaGuardia airport crash
The head of Canada’s largest airline is stepping down after his video tribute to pilots killed in a fatal collision became a public relations nightmare for Air Canada, prompting a wave of mockery and indignation at him from both the public and politicians for not speaking French.
Air Canada’s CEO, Michael Rousseau, will retire by the end of the third quarter of 2026, the company said Monday. He will continue to lead the company and serve on the board of directors until that time, the carrier said.
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These are the stocks posting the largest moves in midday trading.
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U.S. stocks traded higher midway through trading, with the Dow Jones index gaining around 300 points on Monday.
The Dow traded up 0.69% to 45,478.26 while the NASDAQ rose 0.12% to 20,973.14. The S&P 500 also rose, gaining, 0.38% to 6,392.96.
Leading and Lagging Sectors
Financial shares climbed by 1.6% on Monday.
In trading on Monday, industrials stocks fell by 0.6%.
Top Headline
The Dallas Fed manufacturing index declined to -0.2 in March from 0.2 in the previous month.
Equities Trading UP
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Unlikely grouping of Egypt, Pakistan, Saudi Arabia and Turkey steps up efforts to broker ceasefire and curb dominance of Iran and Israel
The meeting on Sunday of the foreign ministers of Egypt, Pakistan, Saudi Arabia and Turkey in Islamabad not only represented the best hope for a ceasefire in Iran but was also the embryo for a new order designed to curb Israeli and Iranian dominance after the war.
Although the four nations have met as a quartet before, the one-day meeting of foreign ministers in Islamabad on Sunday was, in a way, the official opening ceremony of an initiative that is intriguing diplomats.
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Bill Ackman told his 4.4 million X followers Sunday that “some of the highest quality businesses in the world are trading at extremely cheap prices” and called the Iran conflict “one of the most one-sided wars in history,” predicting a “large peace dividend.”
The war doesn’t look like it’s ending any time soon. Hours after Ackman’s post, President Donald Trump threatened to “blow up and completely obliterate” Iran’s electric plants, oil wells and Kharg Island if the Strait of Hormuz is not reopened immediately. Meanwhile, Brent crude is above $115 a barrel, up more than 55% in March alone.
Tehran called the U.S. proposals “excessive and unreasonable” and denied being in direct talks. Iran’s parliament speaker Mohammad Bagher Ghalibaf went further Sunday, saying Iranian forces are “waiting for the arrival of American soldiers on the ground to set them on fire.”
On Polymarket, the U.S.-Iran ceasefire contract …
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California-based mortgage lender loanDepot has partnered with Betenbough Companies to launch Olive Branch Home Loans, a new mortgage company that will serve homebuyers across West Texas, the companies announced Monday.
The strategic partnership is the first to launch under loanDepot’s expanded partnership channel, which is designed to give homebuilders and their affiliates a white-label or joint-venture style option to stand up in-house mortgage operations while outsourcing most of the compliance, technology and fulfillment work to loanDepot.
Olive Branch Home Loans will be led by Paul Boecker, according to a press release. The new lender will focus on serving buyers of Betenbough’s new homes in markets across West Texas, with the goal of integrating financing into the builder’s sales process and shortening cycle times from application to closing.
Terms of the partnership were not disclosed, and the companies did not provide production targets. loanDepot said Olive Branch will leverage its secondary marketing, capital markets and servicing platform, along with its existing wholesale and correspondent capabilities.
“By combining Betenbough Companies’ understanding of local homebuyers with loanDepot’s operational and customer service expertise, this collaboration puts the customer first, streamlining the process from application to closing and making homeownership more accessible, efficient and personalized,” Dan Peña, loanDepot’s president of partnership lending, said in a statement.
“We’re proud to collaborate with loanDepot to turn our shared customer-first commitment into action as we continue growing our businesses. With this model, we’ll be able to deliver more predictable, faster closings so that our buyers experience a smoother path to move-in day,” Brad Nelson of Betenbough Companies added.
The move comes as large, purchase-focused lenders look to deepen ties with homebuilders to capture limited purchase volume in a high-rate, low-inventory market. Builder-affiliated mortgage platforms have been a key growth and retention strategy for lenders ranging from traditional joint ventures to private-label arrangements.
For homebuilders, an aligned lender can help manage fallout risk, increase certainty of closing and structure incentives, including rate buydowns and closing cost credits, within regulatory guardrails. For lenders, embedded builder channels can provide more predictable purchase pipelines and better visibility into future inventory.
loanDepot, which has been restructuring and shrinking its retail footprint since 2022, has increasingly emphasized partnerships and third-party channels as a way to deploy its technology and servicing platform without the fixed costs of a large brick-and-mortar network.
“This model serves as a reproducible playbook for builders nationwide seeking to launch an affiliated home lending platform without building everything from scratch,” loanDepot said.
The partnership with Betenbough comes after loanDepot reported a $108 million loss in 2025 despite improved origination volumes and operating margins. Company founder and CEO Anthony Hsieh said during an earnings call earlier this month that in the fourth quarter of 2025, loanDepot posted its highest volume for any three-month since 2022 and had a 71% recapture rate from its in-house servicing platform.
The company also announced earlier this month that it was officially returning to the wholesale channel, a move that was previously anticipated by HousingWire and marks the end of loanDepot’s four-year absence from the segment.
loanDepot has also undergone some recent leadership changes, including Alex Madonna’s departure after 16 years to launch his own lending business, Trust One Financial. A few months prior to that, senior vice president of sales Kyle Fleeger left loanDepot to join West Capital Lending (WCL) and lead the development of its career growth platform.
loanDepot and WCL are embroiled in a legal battle, which began in October 2025 when loanDepot accused WCL of illegal hiring practices, data theft and employee poaching. WCL filed a countersuit in March, saying that loanDepot violated the Truth in Lending Act by rewarding loan officers with bonus compensation for steering borrowers into higher-rate loans.
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A Chick-fil-A restaurant is offering families free ice cream if they put away their phones for their entire meal.
Complex, an account on X covering culture, posted a photo Sunday showing a sign advertising that the Chick-fil-A Towson Place location has an incentive for families to be phone-free during meals.
“Introducing our Chick-fil-A® Cell Phone Coop Challenge,” the sign read.
SOLO DINING SURGES 52% AS AMERICANS EMBRACE ‘ME-ME-ME ECONOMY’ OVER SHARED MEALS
“Ask a Team Member for a coop, place all phones in the coop, and enjoy your meal together,” the message continued. “After you finished let a Team Member know and everyone at the table will receive a Icedream® Cone as a reward.”
“Grab a coop and take the challenge,” it read.
The Chick-fil-A restaurant in Towson Place, Maryland, also advertised the challenge in a recent Facebook post, writing, “Take the Dine-in Cell Phone Coop Challenge at Chick-fil-A Towson Place. Ask a Team Member for a coop, place all phones in the coop, and enjoy your meal together without distractions. When your table finishes, let a Team Member know and everyone will receive an Icedream Cone as a reward. Are you up for the challenge?”
A 2023 study found that 68% of households have a person using their phone during a meal with others. It also found that 65% of respondents do not like it, and 42% feel using phones during meals is rude.
Chick-fil-A did not immediately respond to a request for comment from Fox News Digital.
SCHOOL DISTRICT CELLPHONE BANS SPARK DEBATE OVER TECH ADDICTION, HELICOPTER PARENTING
MakeMyTrip Ltd (NASDAQ:MMYT) shares faced downward pressure on Monday following a report from Morpheus Research, an activist short-selling firm.
Morpheus Research, reportedly composed of several Hindenburg Research alumni, earned a public endorsement from Hindenburg founder Nathan Anderson, who called them a “great team” he has “known for a long time.”
The report alleged India’s largest online travel agency (OTA) was “openly” defying regulators, utilizing accounting “gimmicks” and failed to protect customers from “bad actor” hotels.
Morpheus Research claimed MakeMyTrip continued to enforce “price parity” clauses despite a 2022 order from the Competition Commission of India (CCI) to halt the practice. The report cited interviews with 103 industry experts and former employees.
“It is still there [price parity] … They got away with it,” stated a leader from the Federation of Hotel & Restaurant …
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Is the yellow metal the new crypto?
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Bitcoin (CRYPTO: BTC) surged 3% after President Donald Trump said the U.S. is in “serious discussions” with a “new, and more reasonable, regime” in Iran to end military operations.
Trump’s Truth Social post marked the first public acknowledgment of a regime change in Tehran since the conflict began five weeks ago.
Calling it a “new” regime suggests the talks involve a leadership structure that wasn’t in place when the war started in late February.
Trump demanded Iran open the Strait of Hormuz “immediately for business” and threatened to “blow up and completely obliterate” its electric generating plants, oil wells, and Kharg Island if it fails to reach a deal soon.
He added that officials are also considering desalination plants, targets the U.S. deliberately avoided during the five-week conflict.
The combination creates a two-sided headline that markets are struggling to price cleanly.
On one hand, …
As thousands of US soldiers and marines arrive in the Middle East, Iran is accusing Washington of privately plotting a ground assault while publicly touting ceasefire talks. Donald Trump threatened to ‘obliterate’ Iran’s energy infrastructure, said his ‘preference would be to take the oil’ in Iran and that US forces could seize the regime’s export hub on Kharg Island, while also claiming he was in talks with a new ‘reasonable regime’. Yemen’s Houthi forces have also entered the conflict, bringing the threat of further damage to the global economy. Lucy Hough speaks to the Guardian columnist and host of Politics Weekly America, Jonathan Freedland – watch on YouTube. And listen to Politics Weekly America here, or wherever you get your podcasts.
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Ackman’s bullish stance comes at a time when markets have been rattled by rising energy prices and sticky inflation concerns.
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As delinquency rates remain high for mortgage and student loan payments, here are a few strategies to protect your finances.
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Tori Mattingly told TMZ Dayton Webber would ‘lash out’ at her during four-year relationship that ended in 2025
A woman who claims she was romantically involved with a quadruple-amputee cornhole champion and the man he is accused of shooting dead in a murder case grabbing national attention has spoken of dating both of them – and said the accused killer had “a dark side”.
Tori Mattingly told TMZ in an interview published over the weekend that Dayton Webber would “lash out” at her during their four-year relationship. That relationship ended in February 2025 before she dated Bradrick Wells, the alleged victim of a deadly shooting in Webber’s car in suburban Washington DC on 22 March.
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Football federation president on the run with wife and son
Conviction in absentia of wide-ranging corruption charges
Authorities in Congo-Brazzaville have applied to Interpol for an international arrest warrant against Jean-Guy Blaise Mayolas, the president of the country’s football federation, Fecofoot, after he was convicted of embezzling $1.1m in Fifa funds.
Mayolas is on the run with his wife and son after they were all sentenced to life imprisonment this month for embezzling funds provided by world football’s governing body as part of its Covid-19 relief plan in February 2021. As the Guardian revealed last year, that included almost $500,000 earmarked for the Congo women’s team.
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On Wednesday, the crew of NASA’s Artemis II could blast off on a mission around the moon and back. No astronaut has ventured out to the moon since the 1970s.
(Image credit: Joe Raedle)
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