Urban-gro, DraftKings, Sarepta Therapeutics, Destiny Tech100 And AMD: Why These 5 Stocks Are On Investors’ Radars Today
U.S. stocks closed higher on Wednesday, with the Dow Jones Industrial Average up 0.66% at 46,429.49, the S&P 500 gaining 0.5% to 6,591.90 and the Nasdaq advancing 0.77% to 21,929.82.
These are the top stocks that gained the attention of retail traders and investors through the day:
Urban-gro Inc. (NASDAQ:UGRO)
Urban-gro’s stock skyrocketed by 416.95%, closing at $36.29. The stock reached an intraday high of $36.30 and a low of $7.40, setting a new 52-week high at $36.30. In the after-hours trading, the stock fell 19.65% to $29.16.
The surge follows the company’s strategic merger with IPG, which consolidates multiple cricket leagues under a Nasdaq-listed platform. This move aims to centralize sponsorship revenue and expand into new markets like Bangladesh and the UAE.
DraftKings Inc. (NASDAQ:DKNG)
DraftKings shares fell by 8.11%, closing at $21.42. The stock fluctuated between an intraday high of $23.68 and a low of $21.35, nearing its 52-week low of $21.01. …
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Federal judge dismisses lawsuit claiming Fanatics, pro sports leagues monopolized trading card industry
A class action lawsuit filed against Fanatics, the NFL, NBA, MLB, their respective players associations and OneTeam, which serves as the commercial vehicle for the players associations, was dismissed by a New York federal judge on all counts Monday.
The court granted Fanatics’ motion to dismiss the lawsuit, which involved five plaintiffs — Robert Scaturo, Scott Bubnick, Joseph Davidov, Steven Mardakhaev and Jonathan Madar.
The suit accused the group of conspiring to monopolize the ever-growing trading card market for each of the sports leagues mentioned, increasing the price of cards for millions of consumers worldwide.
It also largely followed an antitrust lawsuit by Panini, Fanatics’ trading card and memorabilia competitor, citing portions of it throughout.
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Chief U.S. District Judge Laura Taylor Swain ruled that “none of the named plaintiffs adequately allege that they have overpaid or will imminently overpay for trading cards sold by defendants.”
“We said from the start that this was a baseless and fundamentally flawed lawsuit since Fanatics was being accused of raising prices on cards we didn’t even produce,” a Fanatics spokesperson told Fox Business after the ruling Monday. “The court agreed and ruled that the plaintiffs did not even have standing to sue. We are happy the court has now ruled the complaint legally deficient and dismissed it.”
Within its ruling, the court also recognized that, when the lawsuit was filed in March 2025, Panini held the licenses for NFL and NBA trading cards. Topps, which was acquired by Fanatics in 2022 for a reported value of about $500 million, had yet to produce NBA-licensed trading cards until October 2025. Additionally, the NFL license for trading cards won’t move to Topps until April of this year.
“Not only did no named Plaintiff purchase such a trading card from Defendants prior to the filing of the FAC, but it was actually impossible for any consumer to do so,” Taylor Swain wrote in the court’s ruling.
As for the price-gouging argument regarding MLB cards, the court found the plaintiffs failed to “explain whether the difference in prices was traceable to extraneous factors, such as production costs or quality differences, or whether the difference was traceable to Defendants’ anticompetitive conduct.” The plaintiffs provided a chart to compare prices of Topps’ licensed cards and Panini’s unlicensed products.
The plaintiff’s attorney, John Radice, told The Athletic his clients are “assessing the court’s dismissal without prejudice and considering all options.”
While this class action lawsuit was dismissed, Panini remains fighting its own lawsuit against Fanatics, accusing it of anticompetitive behavior and monopolization of the sports card industry. This came after Fanatics acquired exclusive licensing rights from the NBA and NFL, which were previously held by Panini. After April 2026, Fanatics will have exclusive licenses to NBA, NFL, MLB, Premier League, F1 and WWE.
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Fanatics denied Panini’s claims and filed a countersuit alleging its competitor set out on a “protracted, unlawful, and deceitful campaign of unfair trade practices, strong-arm tactics, and tortious misconduct” in an attempt to force Fanatics to pay a vast amount for Panini to end its licenses in 2022.
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Dr. Oz warns foreign nationals may be tied to US hospice fraud, points to LA as hotspot
Networks of foreign nationals may be linked to U.S. hospice fraud, Centers for Medicare & Medicaid Services Administrator Dr. Mehmet Oz warned Wednesday in a FOX Business special, pointing to one major city as a key area of concern.
“You have to ask yourself exactly how many people are actually dying in Los Angeles,” Oz told host David Asman.
“[There are] almost 2,000 hospices in LA County. We believe half of them could be fraudulent, and the reason for this is because Los Angeles and the state of California, who regulates these hospices, was tolerant.”
Oz continued, accusing state and local regulators of being “perfectly fine” with the issue. He then suggested who could be responsible.
FETTERMAN PRAISES FORMER SENATE OPPONENT DR OZ FOR ROOTING OUT MEDICAID FRAUD
“We believe that many of them are created by the Russian mafia. In fact, when you try to bust these folks, sometimes foreign nationals run back to their own country,” he shared.
Such accusations have drawn ire from California Gov. Gavin Newsom’s office.
Newsom spokesperson Izzy Gardon fired back in a statement to Fox News Digital earlier this month, writing, “While MAGA bloggers and idiots like Dr. Oz may have just discovered hospice fraud, California has been cracking down in this space for years.”
PHILADELPHIA MEN REPEATEDLY TRAVELED TO MINNEAPOLIS TO CARRY OUT $3.5M HOUSING FRAUD SCHEME: DOJ
“In 2021, Governor Gavin Newsom signed a law banning ALL new hospice licenses. That moratorium is still in place, blocking bad actors from entering the system while the state tightens oversight of existing providers,” Gardon continued.
“Under the governor’s leadership, the state launched a multi-agency Hospice Fraud Task Force bringing together CDPH, CalHHS, DHCS, DSS and the California Department of Justice to make arrests, share intelligence, investigate fraud and coordinate enforcement.”
Gardon noted that more than 280 hospice licenses had been revoked in the last two years. Additionally, the Newsom spokesperson said 300 more providers were under investigation for potential revocation.
CVS CAREMARK ORDERED TO PAY $290M AFTER MEDICARE FRAUD SCHEME EXPOSED BY FORMER AETNA WHISTLEBLOWER
State officials have noted that their own investigations resulted in 109 criminal charges and 24 civil fraud cases since California Attorney General Rob Bonta assumed office, according to FOX 11 in Los Angeles.
Newsom additionally filed a civil rights complaint against Oz for claims made against Armenian communities in the Golden State earlier this year, alleging Oz had “spewed baseless and racially charged allegations” that could potentially discourage the use of hospice and home care programs.
The legal tussle stems from a video in which Oz visited Los Angeles’ Van Nuys neighborhood, calling out a nearby four-block radius that he claimed was home to 42 hospices, suggesting potential fraud at the hands of what he described as the “Russian Armenian mafia.”
But Oz says the fraud issue is not isolated to California.
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“In Flushing, [New York], I just mentioned we think the Chinese government might be involved. In southern Florida, where you have twice as many durable medical equipment suppliers as McDonald’s, we think the Cuban government’s involved,” he told Asman.
Fraud concerns have become a growing focus for the Trump administration, following high-profile cases in states like Minnesota, which have prompted broader conversations about the use of taxpayer dollars and government accountability.
Fox News Digital’s Rachel Wolf contributed to this report.
The rise of China’s hottest new commodity: AI tokens
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Forex and Beggar-Thy-Neighbor Policies: A Comprehensive Guide
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Trump praises ICE agents he sent to US airports and again suggests deploying national guard amid DHS shutdown – as it happened
This live blog is now closed.
Top officials at agencies affected by the ongoing Department of Homeland Security (DHS) shutdown are testifying on Capitol Hill on Wednesday. The lapse in funding for the Transportation Security Administration (TSA), the Cybersecurity and Infrastructure Security Agency (CISA), the Coast Guard and the Federal Emergency Management Agency (FEMA), has lasted 40 days with little end in sight.
During opening remarks, the Republican chair of the House homeland security committee, Andrew Garbarino, said that the shutdown has caused “massive disruptions” across airports, “weakened our nation’s cybersecurity posture” and “left states unsupported with less than 100 days until the start of major events across the United States, such as FIFA World Cup”.
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Andrew Hastie open to 25% tax on gas profits and says multinationals have ‘had a really good run’ on Australian wealth
Exclusive: Speaking with the Australian Politics podcast, the Liberal frontbencher says a sovereign wealth fund would set Australians up for generations to come
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Liberal frontbencher Andrew Hastie says he is open to a new 25% tax on soaring gas profits as part of a Scandinavian-style sovereign wealth fund to strengthen the federal budget amid the global energy crisis.
Budget leaks suggest the Albanese government is modelling the effects of placing a flat 25% tax on gas profits, as well as possible further changes to the petroleum resource rent tax (PRRT) and corporate income tax.
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Trump housing chief requests new criminal investigation into Letitia James
Bill Pulte reportedly urges examination of alleged fraud as New York attorney general’s lawyer attacks ‘vendetta’
The Trump administration’s federal housing director Bill Pulte is asking prosecutors to investigate New York attorney general Letitia James for insurance fraud, according to criminal referrals reported by MS Now and CBS News.
The referrals to prosecutors in Florida and Illinois allege that James may have committed mortgage insurance fraud. The allegations center on applications made to Universal Property Insurance company, which is based in Florida, and Allstate in Illinois.
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Trump’s trip to meet Xi Jinping in China rescheduled for May due to Iran war
US president says he will host Chinese leader in a reciprocal visit later this year
Donald Trump will meet Xi Jinping in May during the US president’s first visit to China in eight years, a closely watched trip that had been postponed due to the Iran war.
Trump was initially slated to travel next week, but will now visit Beijing on 14 and 15 May, he wrote in a post on Truth Social on Wednesday. Trump said he would host the Chinese leader in a reciprocal visit in Washington later this year.
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Social media trial verdict: What happens now, how much will tech giants really pay?
A $6 million verdict against Meta and Google in a closely watched social media addiction trial may signal the start of a far broader legal threat for the tech giants.
A Los Angeles jury on Wednesday found both companies liable for designing addictive platforms for young users, awarding $3 million in compensatory damages and another $3 million in punitive damages.
Monte Mann, a business trial lawyer at Armstrong Teasdale, said appeals are expected — but the larger implications could be far more consequential.
“I think the verdict will immediately be cited in other cases across the country because now plaintiffs have a roadmap of this theory being validated by a jury,” Mann told FOX Business.
The ruling is likely to spur a new wave of lawsuits across the country and intensify pressure to settle existing cases, according to Mann.
“I think you’re going to see a flood of aggressive filings,” Mann said. “This verdict is going to attract additional claims and accelerate all the existing ones.”
While the damages in this case total $6 million, Mann warned that the broader financial exposure could be enormous.
“The real story here is what comes next,” he said. “If this theory holds true across multiple cases, you’re no longer talking about millions of dollars, you’re talking about hundreds of millions or potentially billions in aggregate liability for these companies.”
Large-scale liability often grows from a single breakthrough case, according to Mann.
“So for companies of this size, the individual verdict from California today is manageable — It’s a nothing, but the systematic risk is absolutely gigantic,” he said.
A key factor in the case was the plaintiffs’ strategy to focus on product design rather than user-generated content.
Instead of challenging what users post — an area largely protected under Section 230 of the Communications Decency Act — the lawsuit targeted how the platforms themselves are built, according to Mann.
“This is a direct hit on Big Tech’s core defense that [they’re] just neutral platforms. The jury didn’t buy that,” Mann said.
The jury also concluded that the platforms were a substantial factor in causing harm, clearing a major legal hurdle, according to Mann.
“If juries are willing to find causation this way, you’re going to see exposure expand very quickly in these cases,” Mann said.
JUDGE BLOCKS META FROM INTRODUCING ‘EXAGGERATED’ CLAIMS IN SOCIAL MEDIA TRIAL
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Google told FOX Business it plans to appeal the verdict.
“We disagree with the verdict and plan to appeal,” a company spokesperson said. “This case misunderstands YouTube, which is a responsibly built streaming platform, not a social media site.”
Meta did not immediately respond to FOX Business’ request for comment.
FOX Business’ Louis Casiano contributed to this report.
Why Preferred Stock Values Differ: A Guide for Investors
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British suppliers to be prioritised for contracts in sectors vital to national security
Policy brought forward as Middle East war highlights fragility of global supply chains
British suppliers will be prioritised for public contracts in shipbuilding, steel, AI and energy infrastructure under new guidance marking them out as sectors vital to national security.
Departments will also have to either use British steel or justify sourcing it from overseas, under the rules announced by the government.
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Ministers consider charging tourists to access UK national museum collections
Government says proposed levy for international tourists is part of initiative to improve arts funding
Ministers are considering charging international tourists to access permanent collections at national museums as part of an initiative to improve arts funding.
The government said there was a need for long-term options to fund the struggling arts sector in its response to a review of Arts Council England, which distributes public funding to the arts. Among the options cited was a hotel levy, a policy being consulted on.
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Islamic community calls out ‘anti-Muslim hate’ after suspicious fire at site of new Victorian mosque
Former Kilmore church being converted into mosque set alight Tuesday amid spate of Islamophobic incidents
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Islamic communities have called out a rise in “anti-Muslim hate” after a church that was being converted into a mosque was allegedly set alight in what Victoria police are treating as a “suspicious” fire.
In a statement, Victoria police said the abandoned church in Kilmore, north of Melbourne, was set alight at about 1.50pm on Tuesday, causing “significant damage” to the building. No one was inside at the time and the fire was believed to have been started in the rear of the building.
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Strike on alleged drug vessel kills four in the Caribbean, US military says
Latest strike brings number of deaths to at least 163 since attacks on alleged ‘narco-terrorists’ began in September
The US has launched another strike on a vessel in the Caribbean, killing four people, the US Southern Command said.
The command which oversees combatant operations in Latin America and the Caribbean announced on X that it had conducted a “lethal kinetic strike on a vessel operated by Designated Terrorist Organizations”.
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Meta slashes roughly 700 jobs; layoffs hit multiple teams across the company
Meta is cutting roughly 700 jobs on Wednesday, a source familiar with the matter confirmed to FOX Business.
The layoffs are expected to affect several key areas, including Reality Labs, Facebook, recruiting operations and sales, the source said.
A spokesperson for the company said the layoffs are part of ongoing restructuring efforts, noting that the tech giant regularly adjusts its workforce to better align with its goals.
The company is also working to place some affected employees into other roles where possible.
“Teams across Meta regularly restructure or implement changes to ensure they’re in the best position to achieve their goals,” the spokesperson said. “Where possible, we are finding other opportunities for employees whose positions may be impacted.”
The move comes as Meta faces financial pressure tied to its aggressive investment in artificial intelligence infrastructure, Reuters reported.
META CUTS OVER 1,000 JOBS IN MAJOR METAVERSE RETREAT
Earlier this month, Reuters reported that the tech giant was planning layoffs that could affect 20% or more of its workforce as it looks to offset those costs and improve efficiency through AI-driven tools.
Meta had nearly 79,000 employees as of Dec. 31, according to Reuters.
META CUTS 600 JOBS AMID AI EXPANSION PUSH — AS AUTOMATION REPLACES HUMAN STAFF
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The job cuts also come amid legal challenges for the company.
A Los Angeles jury on Wednesday found Meta and Google liable in a closely watched case alleging their platforms were designed to addict young users, awarding $3 million in damages.
FOX Business’ Michael Sinkewicz contributed to this report.
Jim Cramer says Wall Street is in denial about the market
Wall Street is in denial about the market’s strength, Jim Cramer said, arguing that investors are dismissing falling oil prices and the “presidential Put.”
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Rep. Seth Moulton bans staff from using prediction markets like Kalshi, Polymarket
Congressional lawmakers are ramping up efforts to rein-in prediction markets.
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SpaceX boosts IPO ambition with plans to raise $75bn
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Republicans block Democratic push for Trump Jr. subpoena
The presidents family businesses have been heavily scrutinized during his second term in the Oval Office.
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US Postal Service to introduce 8% fuel surcharge on packages
Surcharge, spurred by oil price spikes due to the Iran war, is set to take effect on 26 April and run until January 2027
The US Postal Service (USPS) plans to introduce its first-ever fuel surcharge on packages to offset rising energy costs, according to a statement.
The surcharge, set at 8%, is expected to take effect on 26 April and remain in place until 17 January 2027 under the current plan.
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Met says it will resume arresting people who show support for Palestine Action
Reversal by London police comes as Shabana Mahmood prepares an appeal against high court overturning ban on the group
The Metropolitan police has said it will resume arresting people who show support for Palestine Action just weeks after it said it would no longer do so following a high court ruling that the ban on the direct action group was unlawful.
After last month’s judgment, the Met police said it would immediately stop arresting people for such offences under the Terrorism Act but would gather evidence for potential future prosecutions.
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TSA tipped off ICE in arrest of mother and child at San Francisco airport
Guatemalan nationals Angelina Lopez Jimenez and Wendy Godinez Lopez, nine, were apprehended en route to Miami
Immigration and Customs Enforcement (ICE) officers targeted a mother and her child at San Francisco international airport for arrest after TSA agents tipped them off, according to a report from the New York Times.
The report, which cites federal documents, adds a new dimension to the arrest by ICE officers that went viral this week, casting new scrutiny on the Trump administration’s information-sharing agreements that critics say are leading to more indiscriminate immigration arrests.
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Markets News, March 25, 2026: Stocks End Higher, Oil Prices Slip After Report US Sends Iran Plan to End War; Dow Adds 300 Points
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Tracy Kidder, Pulitzer-winning author who turned unlikely subjects into bestsellers, dies aged 80
Writer looked to topics such as computer engineering and life in a nursing home to produce richly researched books
Tracy Kidder, an award-winning narrative nonfiction writer who turned everything from computer engineering to life in a nursing home into unexpected bestsellers, has died. He was 80.
Kidder’s longtime publisher Random House confirmed his death in a statement on Wednesday: “Tracy’s gifts for storytelling and tireless reporting are an enduring reflection of the empathy, integrity, and endless curiosity he brought to everything he did.”
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Opinion | Another Supreme Court Knockout
BlackRock’s Rieder Renews Call for Rate Cuts
Democrats shut down DHS funding deal from Republicans as standoff continues
Republicans’ proposal would restart almost all of DHS operations but excluded key reforms that Democrats want
The Senate remained deadlocked on Wednesday over funding for the Department of Homeland Security (DHS), after Republicans proposed legislation that would restart all of its operations with the exception of those involved in deportations, but exclude reforms that Democrats want.
Senate minority leader Chuck Schumer quickly shot down the offer, and said Democrats had countered with a measure that coupled DHS funding with a host of new guardrails on immigration enforcement operations – something the party has insisted on for months.
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Postal Service to implement first-ever fuel surcharge amid mounting fuel costs, financial challenges
The U.S. Postal Service is reportedly planning to impose a fuel surcharge on package deliveries for the first time in the agency’s history amid surging fuel costs.
The Wall Street Journal reported that the Post Service is planning an 8% surcharge beginning in April and that the agency currently plans to phase it out in January 2027, according to two people familiar with the matter.
According to the report, the fuel surcharge will only apply to packages and won’t impact letter mail.
The move comes as both FedEx and UPS have longstanding fuel surcharges that have been increased in recent weeks as oil prices surged due to the Iran war disrupting oil flows from the Middle East.
POSTAL SERVICE SAYS CASH COULD RUN OUT IN UNDER A YEAR WITHOUT CHANGES
Diesel prices have surged to $5.366 a gallon as of Wednesday, up from $3.749 a month ago – an increase of more than 43% in that period.
The Postal Service has faced long-term financial challenges and Postmaster General David Steiner told Congress earlier this month that the agency is on pace to run out of cash in less than a year without significant reforms.
Steiner testified before a House Oversight subcommittee and told lawmakers that the USPS needs higher stamp prices and the ability to borrow more money.
He also called for other reforms, including changes to pension funding and liabilities calculations, workers’ compensation and retirement fund investment strategies.
POSTAL SERVICE CAN’T BE SUED FOR INTENTIONALLY NOT DELIVERING MAIL, SUPREME COURT RULES IN 5-4 SPLIT
Steiner also put forward options for cutting costs, including ending six-day-a-week deliveries, closing post offices or raising first-class mail stamp prices from the current 78 cents to $1 or more.
He said that if USPS reduced deliveries to five days a week, it would save the agency about $3 billion per year, while closing small post offices in remote areas would save about $840 million.
However, he cautioned that those options “may not be palatable to Congress or the American public.”
US POSTAL SERVICE RECORDS WHOPPING $6.5 BILLION NET LOSS FOR 2023
Stamp prices have risen 46% since early 2019, when they were last 50 cents. Steiner argues those prices are still far lower than postage costs in other countries.
USPS has also reached its current borrowing cap of $15 billion, precluding the agency from taking out additional loans.
“In order to survive beyond the next year, we need to increase our borrowing capacity so that we don’t run out of cash,” Steiner said in prepared testimony. “The failure to do this could lead to the end of the Postal Service as we know it now.”
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Since 2007, USPS has reported net losses of $118 billion as volumes of its most profitable product, first-class mail, fell to the lowest level since the late 1960s.
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OpenAI’s Sora app may be going away, but its legacy will be the spread of AI video slop
Barely six months after its launch, OpenAI is ending an app that could generate AI video at the click of a button.
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The White House snubs Elon Musk’s offer to cover TSA salaries as airport miseries hit record levels
The White House has rejected an offer from Elon Musk to personally fund TSA workers’ salaries during the partial government shutdown that has thrown airport security into chaos across the country, Abigail Jackson, a White House spokesperson told Fortune.
Musk floated the proposal publicly on March 21, posting on X that he wanted “to offer to pay the salaries of TSA personnel during this funding impasse that is negatively affecting the lives of so many Americans at airports throughout the country.” The post drew more than 91 million views.
“We greatly appreciate Elon’s generous offer,” Jackson wrote in an email to Fortune. “This would pose great legal challenges due to his involvement with federal government contracts.”
Jackson also said that the fastest way to ensure TSA employees get paid would be for “Democrats to fund the Department of Homeland Security.”
Meanwhile the airport crisis deepens. The Transportation Security Administration said Wednesday that wait times have hit the worst levels in the agency’s history, with some passengers waiting more than four and a half hours to clear security. Acting Administrator Ha Nguyen McNeill told a House Homeland Security Committee hearing that TSA has lost more than 480 transportation security officers since the funding lapse began on Feb. 14, now roughly 40 days ago.
At some major airports, 40% to 50% of officers have called out on certain days, forcing the agency to consolidate screening lanes and scale back operations, according to Bloomberg. Atlanta, Houston, and New York have been among the hardest hit. Videos posted to social media showed lines at LaGuardia Airport snaking through terminals and into baggage claim areas early Wednesday morning.
The administration has deployed Immigration and Customs Enforcement agents to airports to help manage the crush, a move that has drawn bipartisan scrutiny. McNeill said ICE personnel are handling “non-specialized screening functions” like travel document checkpoints, while TSA officers focus on core security duties.
And the shutdown remains deadlocked in Washington. Senate Republicans rejected a Democratic proposal to end the partial shutdown, with Majority Leader John Thune dismissing it as a list of demands including changes to immigration enforcement operations. Democrats have pushed for reforms scaling back ICE’s operations following several violent incidents that left civilians dead.
Representatives for Musk did not respond to a request for comment.
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One-Third of Americans Admit They Would Go Into Debt to Cover a $1,000 Emergency — Here’s the Move Experts Say You Need to Make
What would you do if you got hit with a $1,000 bill tomorrow? For a growing number of Americans, the answer is to take on debt, a decision that reveals a deep and widening crack in the foundation of household financial stability.
While it’s easy to assume that financial fragility is a problem for only the lowest earners, recent data paints a much broader and more troubling picture.
According to a new survey from U.S. News, 43% of Americans don’t have enough savings to pay for a $1,000 surprise expense. That means nearly half the country is just one major car repair or unexpected medical bill away from a financial crisis, forced to turn to high-interest credit cards just to stay afloat.
For people already carrying revolving balances, that next emergency does not just add stress, it adds interest, and the gap between what different lenders will charge for the same loan can be thousands of dollars over time. Platforms like AmONE match borrowers with multiple lenders in minutes and show personalized loan offers without affecting credit scores, so people can see their real options before they commit to anything.
This isn’t a new problem, but it’s one that’s being dangerously exacerbated by years of stubborn inflation and economic uncertainty. A 2026 survey from Bankrate found that 60% of Americans feel uncomfortable with their level of emergency savings, and 58% reported having the same or even less cash set aside than they did the previous year.
For 17% of people, the answer was even more stark. They had no savings then, and they have no savings now. The U.S. News survey adds another layer to this, revealing that among those who do have an emergency fund, the median balance has been sliced in half, falling from $10,000 last year to just $5,000 today.
It’s a precarious way to …
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Russia sending drones to Iran, western intelligence says
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Stocks making the biggest moves after hours: Worthington Steel, Karman, MillerKnoll and more
See which stocks are posting big moves after the bell.
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Navan Stock Soars On Q4 Earnings Beat (CORRECTED)
Editor’s note: This story has been updated to adjust the reported revenue estimate for fiscal 2027.
Navan Inc (NASDAQ:NAVN) shares are trading higher in Wednesday’s after-hours session after the company reported financial results for the fourth quarter. Here’s what you need to know.
- Navan stock is surging to new heights today. What’s driving NAVN stock higher?
Navan Beats Q4 Estimates On Top And Bottom Lines
Navan reported fourth-quarter revenue of $177.92 million, beating analyst estimates of $162 million, according to Benzinga Pro. The company reported adjusted earnings of two cents per share for the quarter, beating estimates …
U.S. Postal Service seeks 8% fuel surcharge for package deliveries as Iran war raises oil prices
Oil prices have jumped more than 40% since Feb. 28, when the U.S. and Israel attacked Iran.
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AI Isn’t Replacing Software, It’s Supercharging It, Says Morgan Stanley
Morgan Stanley, in collaboration with AI-powered market intelligence and research platform AlphaSense, held a webinar on Wednesday to discuss the misconceptions surrounding AI versus software, as well as the path to growth for both sectors.
Keith Weiss, an equity analyst at Morgan Stanley, believes that the idea that AI is going to displace software is a “definitional error.”
Weiss emphasized that AI is not a separate category from software, but rather an extension of its capabilities. He added that, unlike previous categorical shifts in the software industry, such as the pivot from on-premise to cloud-based solutions, AI does not replace existing software systems. Instead, it enhances them by expanding their functionalities, he explained.
On the other hand, generative AI, specifically diffusion engines, is impacting certain areas of the software industry, he noted.
Adobe stated in its Q1 report that its photography business is starting to see impacts from generative AI, as customers are moving away from purchasing pre-shot stock photography in favor of generating their own images using AI. This is one of the few instances where generative AI might act …
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These Analysts Revise Their Forecasts On Braze Following Q4 Results
Braze, Inc. (NASDAQ:BRZE) posted better-than-expected fourth-quarter revenue and announced a $100 million share buyback program on Tuesday.
Braze reported quarterly adjusted earnings of ten cents per share, which missed the consensus estimate of 14 cents, according to data from Benzinga Pro. Quarterly revenue came in at $205.17 million, beating the Street’s estimate of $198.21 million.
“We finished the fiscal year with an exceptional Q4, accelerating year-over-year organic revenue growth for the third straight quarter while continuing to drive strong operating leverage across our global business,” said Bill Magnuson, CEO of Braze.
Braze expects fiscal 2027 adjusted EPS of 61 cents to 65 cents, versus the 63 cents analyst estimate, and revenue in a range of $884 million to $889 million, versus the $857.25 million estimate.
Braze shares jumped 19.9% to close at $21.60 on Wednesday.
These analysts made changes to their price targets on Braze following earnings announcement.
- Piper Sandler analyst Billy Fitzsimmons maintained Braze …
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OpenAI Set For $850B Valuation In Blockbuster Raise Backed By Wall Street Giants
OpenAI is closing in on an $850 billion valuation as it finalizes a new $10 billion venture‑capital raise.
The funding, expected to wrap up next week, would lift the total amount raised by the company in the current round to about $120 billion, Bloomberg reported.
Andreeseen Horowitz, MGX, D.E. Shaw Ventures, TPG and T. Rowe Price are co-leading the financing for OpenAI’s latest funding round, CNBC reported, citing OpenAI’s Chief Finance Officer Sarah Friar. Microsoft Corp (NASDAQ:MSFT) is also participating in the deal, according to the outlet. Coatue Management, Thrive Capital and Altimeter Capital are also part of the funding round, according to Bloomberg.
OpenAI’s latest raise marks a dramatic escalation in …
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It’s time for slavery reparations, ‘the gravest crime against humanity,’ UN General Assembly says
The U.N. General Assembly on Wednesday adopted a resolution declaring the trafficking of enslaved Africans “the gravest crime against humanity” and calling for reparations as “a concrete step towards remedying historical wrongs.”
The resolution also urges “the prompt and unhindered restitution” of cultural items — including artworks, monuments, museum pieces, documents and national archives — to their countries of origin without charge.
The vote in the 193-member world body was 123-3, with 52 abstentions. Argentina, Israel and the United States were the three members voting against the resolution. The United Kingdom and all 27 members of the European Union were among those that abstained.
While the United States opposes the past wrongdoing of the transatlantic slave trade and all other forms of slavery, it “does not recognize a legal right to reparations for historical wrongs that were not illegal under international law at the time they occurred,” deputy U.S. ambassador Dan Negrea said before the vote.
“The United States also strongly objects to the resolution’s attempt to rank crimes against humanity in any type of hierarchy,” he said. “The assertion that some crimes against humanity are less severe than others objectively diminishes the suffering of countless victims and survivors of other atrocities throughout history.”
In the United States, support for reparations gained momentum in the wake of the murder of George Floyd by a Minneapolis police officer in 2020. However, the issue has been a difficult one and has been caught up in a broader conservative backlash over how race, history and inequality are handled in public institutions.
Unlike U.N. Security Council resolutions, General Assembly resolutions are not legally binding but are an important reflection of world opinion.
“Today, we come together in solemn solidarity to affirm truth and pursue a route to healing and reparative justice,” Ghanaian President John Dramani Mahama, a key architect of the resolution, said before the vote.
“The adoption of this resolution serves as a safeguard against forgetting,” he said. “Let it be recorded that when history beckoned, we did what was right for the memory of the millions who suffered the indignity of slavery.”
Mahama noted that the vote was taking place on the International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade, honoring the memory of about 13 million African men, women and children enslaved over several centuries.
Diplomats applauded and some cheered the adoption of the resolution.
The history of slavery and “its devastating consequences and long-lasting impacts” must never be forgotten, said British acting U.N. Ambassador James Kariuki, speaking on behalf of mainly Western nations, including some that enslaved Africans.
Western nations are committed to tackling the root causes that persist today, he said, pointing to racial discrimination, racism, xenophobia and intolerance. He said “the scourge of modern slavery” also must be addressed — trafficking, forced labor, sexual exploitation and forced criminality.
Cyprus’ deputy U.N. ambassador, Gabriella Michaelidou, speaking on behalf of the EU, echoed the U.S. and U.K. on concerns about “the use of superlatives” that imply “a hierarchy among atrocity crimes.”
Michaelidou also cited the EU’s concern about the resolution’s “unbalanced interpretation of historical events” and legal references that are inaccurate or inconsistent with international law, including “suggestions of a retroactive application of international rules which was non-existent at the time and claims for reparations.”
The resolution “unequivocally condemns the trafficking of enslaved Africans and racialized chattel enslavement of Africans, slavery and the transatlantic slave trade as the most inhumane and enduring injustice against humanity.”
In approving the resolution, the General Assembly affirms the importance of addressing the historical wrongs of slavery that promotes “justice, human rights, dignity and healing.”
The resolution calls on U.N. member nations to engage in talks “on reparatory justice, including a full and formal apology, measures of restitution, compensation, rehabilitation, satisfaction, guarantees of non-repetition and changes to laws, programs and services to address racism and systemic discrimination.”
It encourages voluntary contributions to promote education on the transatlantic slave trade and asks the African Union, the Caribbean Community and the Organization of American States to collaborate with U.N. bodies and other nations “on reparatory justice and reconciliation.”
This story was originally featured on Fortune.com
Enter Melania Trump, escorted by humanoid robot: ‘I’m Figure 03, a humanoid built for the United States of America’
Melania Trump often commands the attention of any room she enters but all eyes — and cameras — were trained on her humanoid companion on Wednesday.
The robot accompanied the first lady to the White House East Room for the final day of a summit she had convened with counterparts from around the world through her Fostering the Future Together global initiative. The group has been discussing ways to empower children using education, innovation and technology, including artificial intelligence.
Melania Trump and the humanoid walked slowly side by side along the red carpet from the opposite end of the hallway. The first lady paused just before entering the East Room while the robot walked around the table with the panelists and took up a position in the center of the room.
It took a moment to scan the audience before speaking.
“It is an honor to be at Fostering the Future Together’s global coalition inaugural meeting,” it said.
“I’m Figure 03, a humanoid built for the United States of America,” it continued. “I am grateful to be part of this historic movement to empower children with technology and education.”
“Welcome,” it said before offering similar greetings in 10 other languages. The robot then thanked everyone and retraced its steps back down the red carpet.
The first lady thanked the robot for joining her, adding: “It’s fair to state, you are my first American-made humanoid guest in the White House.”
The startup robotics company Figure AI, based in Sunnyvale, California, introduced Figure 03 in October 2025 as its third-generation humanoid robot for people to use at home for help with such household tasks as laundry, cleaning and washing dishes, according to its website and company literature.
CEO Brett Adcock said on social media he was “proud to see F.03 make history as the first humanoid robot in the White House.”
The startup is competing with others, including Boston Dynamics and Elon Musk’s Tesla, as well as a number of companies in China, in building robots that look human-like and do some of the things that people do.
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Associated Press writer Matt O’Brien in Providence, R.I., contributed to this report.
This story was originally featured on Fortune.com
Elon Musk calls for Delaware judge to recuse herself in lawsuits, alleging bias
The Tesla and SpaceX CEO is calling for a judge to recuse herself in two shareholder lawsuits that are winding their way through Delaware’s courts.
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TELA Bio Analysts Cut Their Forecasts After Q4 Results
TELA Bio, Inc. (NASDAQ:TELA) reported mixed results for the fourth quarter on Tuesday.
The company posted quarterly losses of 17 cents per share which beat the analyst consensus estimate of losses of 18 cents per share. The company reported quarterly sales of $20.869 million which missed the analyst consensus estimate of $21.047 million.
TELA Bio said it sees first-quarter sales of $18.500 million versus market estimates of $21.277 million.
“We closed 2025 with our strongest quarterly revenue on record, delivering $20.9 million and 18% growth over Q4 2024 while holding operating expenses essentially flat for the year, demonstrating the operating leverage we expect to continue to see in the years ahead,” said Antony Koblish, Co-Founder and Chief Executive Officer of TELA Bio. “Over the last six months we strengthened our leadership and upgraded the …
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Lyft to launch nationwide fuel savings program as drivers feel pinch from rising gas prices
Lyft is rolling out a temporary relief plan for its drivers across the U.S. as rising gas prices continue to cut into earnings.
The company announced Wednesday that the 60-day program will begin March 27 and run through May 26. Drivers can earn cash back and save on fuel when they use a Lyft Direct debit card at participating gas stations nationwide.
“Gas prices have jumped significantly in the past few weeks, and we know that hits hardest for drivers who depend on driving for their income,” Lyft said in a statement. “When costs fluctuate, we know relief matters.”
LAX APPROVES RIDESHARE FEE HIKE THAT COULD PUSH UBER AND LYFT FARES SHARPLY HIGHER
The plan gives top-tier drivers an extra 2% cash back on fuel, with mid-tier drivers getting an additional 1%. These incentives stack on top of existing rewards, which can total up to 10% depending on driver status.
Drivers can also save an extra 14 cents per gallon through Lyft’s partnership with the Upside app with the option to redeem points for further discounts.
Altogether, Lyft estimates total savings could reach as much as 98 cents per gallon for its highest-performing drivers based on average U.S. gas prices of $3.97.
LYFT TO LAUNCH FEATURE FOR ELDERLY PASSENGERS LATER THIS YEAR
As of Wednesday, gas prices hovered at around $3.98 per gallon, according to AAA.
“Drivers are feeling the cost of rising gas prices, which ultimately impacts their earnings,” Yuko Yamazaki, vice president and head of driver at Lyft, said in a statement. “When costs spike, we want drivers to choose Lyft because they feel like the platform works for them, not against them.”
Gas prices have surged more than 30% in recent weeks, driven by global energy disruptions tied to the conflict involving Iran, according to Reuters.
UBER ROLLS OUT NEW APP FEATURES TO MAKE RIDE HAILING EASIER FOR SENIORS
Lyft also noted that drivers using electric vehicles can access separate charging incentives.
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The move follows a similar announcement from DoorDash earlier this week.
Its program, running through April 26, combines cash-back incentives with weekly payments to help offset fuel costs for active Dashers.
FOX Business’ Amanda Macias contributed to this report.
Judge orders Trump officials to return Daca recipient deported to Mexico
Removal of Maria de Jesus Estrada Juarez after arrest during green-card appointment decried as ‘flagrant violation’ of legal rights
A federal judge ordered the Trump administration to return a recipient of Deferred Action for Childhood Arrivals (Daca) to the US, ruling that her deportation to Mexico last month was a “flagrant violation” of the legal protections afforded to immigrants who arrived in the country as children.
Judge Dena Coggins said in her Monday ruling the administration must return Maria de Jesus Estrada Juarez, a Daca recipient, to the US within seven days. She was arrested on 18 February in Sacramento during her green-card appointment, and was deported to Mexico the next day.
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‘We do not plan on any negotiations’: Iran laughs at White House’s claims of cease-fire talks
Iran on Wednesday dismissed an American plan to pause the war in the Middle East and launched more attacks on Israel and Gulf Arab countries, including an assault that sparked a huge fire at Kuwait International Airport.
Iran’s defiance came as Israel launched airstrikes on Tehran and as the United States deployed paratroopers and more Marines to the region.
Iran’s Foreign Minister Abbas Araghchi said in an interview on state TV that his government has not engaged in talks to end the war, “and we do not plan on any negotiations.” That followed a report from Iranian state TV’s English-language broadcaster, which quoted an anonymous official as saying Iran rejected America’s ceasefire proposal and has its own demands for an end to the fighting.
Earlier, two officials from Pakistan, which transmitted the U.S. plan to Iran, described the 15-point proposal broadly, saying it addressed sanctions relief, a rollback of Iran’s nuclear program, limits on missiles and reopening the Strait of Hormuz, through which a fifth of the world’s oil is shipped.
An Egyptian official involved in the mediation efforts said the proposal also includes restrictions on Iran’s support for armed groups. The officials spoke on condition of anonymity to discuss details not yet released.
White House press secretary Karoline Leavitt insisted the U.S. and Iran are in ongoing talks even as Iranian officials deny it. “Talks continue. They are productive, as the president said on Monday, and they continue to be,” Leavitt said at a White House briefing on Wednesday.
Leavitt warned that if talks with Iran don’t pan out President Donald Trump “will ensure they are hit harder than they have ever been hit before.”
Some of the points in the U.S. ceasefire proposal were nonstarters in negotiations before the war: Iran has insisted it won’t discuss its ballistic missile program or its support of regional militias, which it views as key to its security. And its ability to control passage through the Strait of Hormuz represents one of its biggest strategic advantages.
Iran’s attacks on regional energy infrastructure along with its restrictions on the strait have sent oil prices skyrocketing, putting pressure on the U.S. to find a way to end the chokehold and calm markets.
More US troops are on the way to the Middle East
At least 1,000 troops from the 82nd Airborne Division will be sent to the Mideast in the coming days, three people with knowledge of the plans told The Associated Press. They spoke on condition of anonymity to discuss sensitive military plans.
The paratroopers are trained to jump into hostile or contested areas to secure key territory and airfields.
The Pentagon is also in the process of sending about 5,000 more Marines, trained in amphibious assaults, and thousands of sailors to the region.
Most Americans believe the U.S. military action against Iran has gone too far, and many are worried about affording gasoline, according to a new AP-NORC poll.
The survey indicates that while Trump’s approval rating is holding steady, the conflict could be swiftly turning into a major political liability for his Republican administration.
Diplomatic efforts face major challenges
Mediators are pushing for possible in-person talks between the Iranians and the Americans, perhaps as soon as Friday in Pakistan, the Egyptian and Pakistani officials said.
Trump has said the U.S. is “in negotiations right now” and that the participants included special envoy Steve Witkoff, his son-in-law Jared Kushner, Secretary of State Marco Rubio and Vice President JD Vance. He has not disclosed who from Iran they are in contact with, but said “the other side, I can tell you, they’d like to make a deal.”
Press TV, the English-language broadcaster on Iranian state television, quoted an anonymous official as saying, “Iran will end the war when it decides to do so and when its own conditions are met.”
It attributed to the anonymous official an Iranian five-point proposal that included a halt to killings of its officials, means to make sure no other war is waged against it, reparations for the war, the end of hostilities and Iran’s “exercise of sovereignty over the Strait of Hormuz.”
Those measures, particularly reparations and its continued chokehold over the Strait of Hormuz, likely will be unacceptable to the White House.
While Iran and Oman both have territory in the strait, its narrow shipping channels are viewed as international waters through which all ships can travel.
Any talks between the U.S. and Iran would face monumental challenges. It’s not clear who in Iran’s government has the authority to negotiate — or would be willing to, as Israel has vowed to continue killing the country’s leaders.
Iran remains highly suspicious of the United States, which twice under the Trump administration has attacked during high-level diplomatic talks, including with the Feb. 28 strikes that started the current war.
Israel launches new strikes on Iran — and also comes under attack
The Israeli military said Wednesday afternoon it had completed several waves of airstrikes in Tehran. The army also said that as part of its strikes a day earlier it targeted an Iranian submarine development center in Isfahan.
Missile alert sirens sounded multiple times in Israel as Iran and the Lebanon-based militant group Hezbollah launched attacks. Iran-backed Hezbollah has fired rockets into northern Israel around the clock since the war began, disrupting the lives of hundreds of thousands of people.
Iran also kept up the pressure on its Gulf Arab neighbors. Saudi Arabia’s Defense Ministry said it had destroyed at least eight drones in its oil-rich Eastern Province, and missile alert sirens sounded in Bahrain. Kuwait said it shot down multiple drones but that one hit a fuel tank at Kuwait International Airport.
Iran’s death toll has passed 1,500, its Health Ministry has said. Israel says 20 people have died in the war, including two soldiers in Lebanon. At least 13 U.S. military members have been killed, along with more than a dozen civilians in the occupied West Bank and Gulf Arab states.
Authorities say nearly 1,100 people have died in Lebanon, where Israel has targeted Hezbollah. In Iraq, where Iranian-supported militant groups have also entered the conflict, 80 members of the security forces have been killed, a top security adviser, Khalid al-Yaqoubi, said.
Energy prices fall back but remain high
The news of potential negotiations drove down the price of oil. Brent crude oil, the international standard, has neared $120 a barrel during the conflict but was trading around $100 Wednesday. It is still up around 35% from the start of the war.
Economists and leaders have warned of far-reaching effects if energy prices remain high — from rising prices on food and other basics to higher rates for mortgages and auto loans.
Iran has allowed a small number of ships through the Strait of Hormuz, but has said no ships from the U.S., Israel or countries seen as linked to them can pass.
___
Madhani reported from Washington, Corder from The Hague, Netherlands and Ahmed from Islamabad. Associated Press writers Samy Magdy in Cairo, David Rising in Bangkok, Natalie Melzer in Tel Aviv, Israel, Qassim Abdul-Zahra in Baghdad, and E. Eduardo Castillo in Beijing contributed to this report.
This story was originally featured on Fortune.com
Nottingham attack victims tested for drugs but killer was not, inquiry told
Father of Grace O’Malley-Kumar calls decision to take sample from his daughter after her death ‘disgusting’
The father of a university student killed while trying to protect her friend from Valdo Calocane in Nottingham told an inquiry it is “disgusting” the stabbing victims were tested for drugs and alcohol but their killer was not.
Sanjoy Kumar, Grace O’Malley-Kumar’s father, said he could not understand why the diagnosed paranoid schizophrenic had not been tested for drugs while in custody after the attacks.
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These Analysts Increase Their Forecasts On AAR Following Upbeat Q3 Results
AAR Corp (NYSE:AIR) on Tuesday reported better-than-expected earnings for the third quarter and raised its FY2026 sales forecast.
AAR reported quarterly earnings of $1.25 per share which beat the analyst consensus estimate of $1.15 per share. The company reported quarterly sales of $845.100 million which beat the analyst consensus estimate of $812.537 million.
“AAR delivered another outstanding quarter, continuing our momentum. Total sales were up 25%, including 14% organic adjusted sales growth,” stated John M. Holmes, AAR’s Chairman, President and CEO. “We saw growth across each of our parts, repair, and software platform activities in the quarter. Our Parts Supply segment grew 45% led by 36% organic growth in our new parts Distribution activity. …
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Opinion | Muslims Win if Iran’s Regime Loses
Opinion | Twilight of the Rogue States
Doctors worry about FDA scrutiny of RSV shots to protect babies
The antibody shots are about 80% effective at preventing babies from ending up in intensive care because of RSV. The drugmakers behind them maintain they’re safe.
(Image credit: AP)
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These Analysts Cut Their Forecasts On Concentrix Following Q1 Results
Concentrix Corporation (NASDAQ:CNXC) on Tuesday reported mixed first-quarter financial results and issued second-quarter adjusted EPS and sales guidance below estimates.
Concentrix reported quarterly adjusted earnings of $2.61 per share, which missed the Street estimate of $2.65. Quarterly revenue was $2.500 billion, up by 5.4% year-over-year (Y/Y), above the analyst consensus estimate of $2.492 billion.
Concentrix expects second-quarter revenue of $2.460 billion to $2.485 billion (versus $2.490 billion consensus estimate) and adjusted EPS of $2.57 to $2.69 (versus $2.76 consensus estimate).
The company reiterated fiscal 2026 revenue of $10.035 billion to $10.180 billion (versus a consensus estimate of $10.132 billion) and adjusted EPS of $11.48 to $12.07 …
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Bernie Sanders and AOC launch bill to ban new data-center construction
Two high-profile progressive lawmakers are introducing a bill Wednesday that would pause new data centers in the United States until national safeguards are in place to protect workers and consumers and ensure the technologies don’t harm the environment.
The legislation by Democratic Rep. Alexandria Ocasio-Cortez of New York and Vermont independent Sen. Bernie Sanders is unlikely to advance in either the House or Senate, but it shows the deep concerns many progressives share about the growing impact of data centers and artificial intelligence.
Communities across the country have seen a backlash against data centers over fears about rising electricity prices and concerns about pollution and water consumption. Opposition to rising power prices was also a key factor in Democratic wins last year in elections in states including Georgia, Virginia and New Jersey.
Although advances in artificial intelligence are seen by President Donald Trump and other leaders as critical to the nation’s economic and national security, their growing energy needs are threatening to overwhelm the power grid. Trump has sought to deflect public concerns about AI, inviting major technology companies to the White House earlier this month to commit to developing their own power generation.
“They need some PR help because people think that if a data center goes in there, electricity prices are going to go up,” Trump said.
Voters need more than voluntary assurances from tech companies, Sanders said Wednesday.
“AI and robotics are creating the most sweeping technological revolution in the history of humanity. The scale, scope and speed of that change is unprecedented. Congress is way behind where it should be in understanding the nature of this revolution and its impacts,” he said in a statement ahead of the bill’s formal introduction.
“Bottom line: We cannot sit back and allow a handful of billionaire Big Tech oligarchs to make decisions that will reshape our economy, our democracy and the future of humanity,” Sanders said. “We need serious public debate and democratic oversight over this enormously consequential issue. The time for action is now. We need a federal moratorium on AI data centers.”
Most lawmakers of both parties have rejected the idea of a moratorium.
Democratic Sen. John Fetterman of Pennsylvania said he agreed with Interior Secretary Doug Burgum’s warning that a moratorium on data centers amounts to waving a “surrender flag” to China. “I refuse to help hand the lead in AI to China,” Fetterman wrote on X.
The White House said last week that Congress should “preempt state AI laws” that it views as too burdensome, laying out a broad framework for how it wants Congress to address concerns about AI without curbing growth or innovation in the sector.
The legislative blueprint outlines a half-dozen guiding principles for lawmakers, focusing on protecting children, preventing electricity costs from surging, respecting intellectual property rights, preventing censorship and educating Americans on using the technology.
U.S. electricity consumption hit a record high in 2024 and is expected to keep rising as data centers continue to expand at a rapid pace. A typical AI-focused data center consumes as much electricity as 100,000 households.
Companies that committed to Trump’s pledge to protect ratepayers include Google, Microsoft, Meta, Oracle, xAI, OpenAI and Amazon. The companies agreed to build or buy new sources of power generation for their data centers and cover the expense of infrastructure upgrades.
This story was originally featured on Fortune.com
Dow rises 300 points as traders hope U.S. and Iran can reach ceasefire deal: Live updates
Stocks jumped on Wednesday as oil prices pulled back and traders hoped the U.S. and Iran could reach an agreement for a ceasefire.
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Jefferies reports new $10mn First Brands loss as it writes off exposure
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Meet the 40-year-old Democrat who owns a fitness company for pregnant and postpartum women and just won in Trump’s district
After a surprise victory in a Florida special election, Emily Gregory said she’s excited to represent all of her constituents — and that includes President Donald Trump.
“I would love to have a conversation,” the Democrat told The Associated Press on Wednesday. “He’s welcome to call me, as I am his new state representative.”
The president’s Mar-a-Lago resort is part of Gregory’s district, which is anchored by Palm Beach. Although state legislative races rarely get the national spotlight, Democrats across the country were positively euphoric at the irony of their Republican nemesis being represented by one of their own.
Gregory’s victory is the latest example of how Democrats have flipped seats in a series of special elections that could be a sign of momentum in a midterm election year that will provide a political verdict on Trump’s second term.
Here was a 40-year-old first-time candidate who owns a local fitness company for pregnant and postpartum women defeating a Republican whom Trump had endorsed by saying he was backed “by so many of my Palm Beach County friends.”
Gregory’s win was especially sweet for Florida Democrats, who have been beaten down by years of Republican domination in what was once the consummate battleground state. Democrats are also hopeful that Brian Nathan will win a state senate seat in the Tampa area; the AP has not yet called that race but he currently has a narrow lead that is within the state’s automatic recount range.
“The pendulum swings in both directions,” Florida Democratic Chairwoman Nikki Fried told reporters. “Last night it swung hard in the state of Florida.”
She added, “If we can win in Donald Trump’s backyard, we can win anywhere.”
Florida Republican Chairman Evan Power did not return a message seeking comment.
Gregory said she’s ‘embedded in my community’
For Gregory, it has been a stunning introduction to the national spotlight.
“I believed in myself the whole time,” Gregory said, describing her political “naiveté” about the district and its conservative leanings as an asset. She was elected to finish the term of Mike Caruso, a Republican who resigned to become Palm Beach County’s clerk, and she would need to run again in November if she wants to keep the seat.
Gregory told the AP she did not make her contest about the president specifically, focusing instead on constituents’ concerns involving the economy and everyday costs — from fast-rising insurance in the hurricane-prone district to groceries and gas.
She described herself as a lifelong “proud Florida Democrat” but said she did not view herself as a Trump opposition leader. She said she will go to Tallahassee focused on proposals to limit insurance rate hikes, expand health care access, support public education and lift “huge, crushing burdens on the average Florida family.”
“I just see myself as very embedded in my community, very representative of District 87,” she said. “And I’m so humbled and proud to be their representative.”
Trump endorsed Gregory’s opponent, Jon Maples, and cast a mail ballot in the contest. The president reiterated his support for Maples on the eve of the election with a social media post addressed to “ALL GREAT PATRIOTS.”
As of midday Wednesday, Trump had not mentioned the outcome of the race.
Gregory expects to be sworn in before a special legislative session that begins April 20 to redraw the state’s congressional map. It’s a Republican initiative intended to boost the party’s chances to hold onto its thin majority in the U.S. House, and Gregory said she plans to oppose the effort.
She described the session as a “complete power grab” resulting from “the president’s call to gerrymander in favor of Republicans.”
Florida Dem chair says candidates matter
Fried praised Gregory and Nathan, a 45-year-old veteran and union worker, as quality candidates who could capitalize on the broader political environment.
“The type of person and connection on the issues matters,” Fried said.
Gregory flipped a seat that her Republican predecessor had won by 19 percentage points. Fried said Trump carried the district by 11 points in 2024.
Republicans still dominate the Florida Legislature, and they have been considered heavy favorites to hold the governor’s office in November, four years after Gov. Ron DeSantis won a blowout reelection campaign.
But Fried and other Democrats insisted the trends suggest a competitive landscape. She noted that Tuesday’s victories followed two congressional special elections in 2025 when Florida Democrats lost but dramatically narrowed the usual margins in heavily Republican districts.
“You’ve seen tremendous overspending by Republicans,” Fried said of the current cycle. “It’s not working.”
Democratic gubernatorial candidate David Jolly said Wednesday the results demonstrate an upswing for the party as long as candidates address the economy.
“Change is here,” said Jolly, a former Republican congressman who switched parties. “Voters are giving us an opportunity in Florida that they haven’t given us in years.”
A spokesman for Republican U.S. Rep. Byron Donalds, whom Trump has endorsed for Florida governor, took at least some notice of the latest results.
“We constantly assess how we execute our strategy — that’s just good campaigns,” said Ryan Smith, Donalds’ chief campaign strategist. “What won’t change is our mission: President Trump endorsed Byron Donalds to deliver real results and defend the Florida Dream, and that’s what voters can expect to see from us.”
Gregory, meanwhile, said she’s ready to get to work, including for Trump.
“I will work as hard for every single one of 180,000 constituents in District 87,” she said, “and not elevate anyone over the rest.”
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Barrow reported from Atlanta.
This story was originally featured on Fortune.com
Amazon To Rally Around 49%? Here Are 10 Top Analyst Forecasts For Wednesday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
- Citigroup cut Braze, Inc. (NASDAQ:BRZE) price target from $53 to $46. Citigroup analyst Tyler Radke maintained a Buy rating. Braze shares closed at $21.60 on Wednesday. See how other analysts view this stock.
- Tigress Financial raised the price target for Amazon.com, Inc. (NASDAQ:AMZN) from $305 to $315. Tigress Financial analyst Ivan Feinseth maintained a Buy rating. Amazon shares closed at $211.71 on Wednesday. See how other analysts view this stock.
- Piper Sandler cut TELA Bio, Inc. (NASDAQ:TELA) price target from $1.25 to $1. Piper Sandler analyst Matt O’Brien maintained a Neutral rating. TELA Bio shares closed at $0.6901 on Wednesday. See how other analysts view this stock.
- Morgan Stanley increased price target for Smithfield Foods, Inc.
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Stock Market Today: Major Indexes End Higher, Oil Prices Slip After Report US Sends Iran Plan to End War; Dow Adds 300 Points
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New proposal would cap Social Security benefits at $100K for wealthy couples
Social Security is facing the threat of insolvency in less than a decade and a new proposal would cap the amount of Social Security benefits that a couple could receive each year at $100,000.
The aging of America’s population is draining the balance of Social Security’s main trust fund, which is projected to be depleted in 2032. Funds for Social Security benefits are drawn from the trust fund along with payroll taxes, and they would be automatically cut by law at the time of insolvency to match incoming revenue, reducing benefits by an estimated 24% across the board.
The nonpartisan Committee for a Responsible Federal Budget (CRFB) launched a Trust Fund Solutions Initiative to explore options for improving Social Security’s solvency, with one such proposal capping six-figure benefits to the wealthiest couples.
The Six Figure Limit (SFL) proposal would put in place a $100,000 cap on the total benefit a couple retiring at the normal retirement age can receive, with adjustments based on marital status and claiming age. For single retirees, the limit on Social Security benefits would be $50,000.
SOCIAL SECURITY’S MAIN TRUST FUND FACES DEPLETION IN 2032, TRIGGERING AUTOMATIC BENEFIT CUTS
CRFB noted that while only a small fraction of retirees is currently receiving $100,000 in Social Security benefits as a couple or $50,000 as an individual, such figures will become more common over time as Social Security’s benefit formula changes.
The SFL would cap Social Security benefits such that no couple collecting benefits at their normal retirement age could claim retirement benefits greater than $100,000 per year.
It would also adjust the limit based on marital status and the age at which they begin receiving benefits. A couple who delayed collecting benefits as long as possible until age 70 would have a $124,000 limit, whereas a couple who start collecting benefits as early as possible at age 62 would have a $70,000 annual limit.
SHOULD THE SOCIAL SECURITY COLA BE MEASURED WITH A SENIOR-FOCUSED INFLATION METRIC?
CRFB worked with Jason DeBacker of the Open Research Group to model a trio of options, including a $100,000 limit indexed to inflation, a limit frozen at $100,000 for 20 years and then indexed to average wage growth, and a limit frozen at $100,000 then indexed to average wage growth after 30 years.
It found that the inflation-indexed SFL would save $100 billion over 10 years, while closing 20% of Social Security’s 75-year shortfall and 55% of the shortfall in the 75th year.
Both the 20- and 30-year fixed limit before indexing would save $190 billion over 10 years, and while the 20-year proposal would close 25% of the shortfall, the 30-year option would close 55% of the 75-year shortfall and 60% of the shortfall in the 75th year.
“Athough the SFL would not significantly delay the date of insolvency of the Social Security trust funds on its own, it could meaningfully delay insolvency in combination with other reforms,” CRFB wrote.
It added that the 20-year SFL would delay insolvency by seven years in conjunction with an employer compensation tax, while the 30-year SFL with an employer compensation tax would permanently restore solvency for 75 years and beyond.
BUDGET DEFICIT HITS $1 TRILLION IN FIRST FIVE MONTHS OF FISCAL YEAR: CBO
The analysis found that the SFL would affect only the top 0.05% of couples in the early years of its implementation who have benefits over $100,000 and total average retirement income over $2.5 million per year, with an average net worth above $65 million.
Over time, more retirees would be affected by the SFL, with the top 1% of couples receiving 5% less in benefits on average by 2030 with no impact on the bottom 90%. That would shift to a 7% benefit reduction in 2040 for the top 1% and no impact on the bottom 80%; and to a 24% benefit reduction for the top 1% in 2060 with no impact on the bottom 70% of households.
Senior advocacy groups have expressed skepticism of proposals that could reduce the Social Security benefits received by Americans.
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“Proposals that focus on capping Social Security don’t address the problem in front of Congress: ensuring every American gets every dollar they have earned,” said AARP VP of financial security and livable communities Jenn Jones.
“What’s worse, ideas like this risk becoming a backdoor to broader cuts. AARP urges policymakers to focus on bipartisan solutions that protect and strengthen Social Security, not cut it,” Jones added.
Iran has no intention to hold talks with U.S; foreign minister says Trump proposal to end war being reviewed
President Donald Trump has claimed the U.S. and Iran are “in negotiations now.” But the Islamic Republic denies any direct talks to end the war.
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Fidelity Reaches $2.5M Settlement Over Data Breach Affecting 155,000 Customers
Fidelity Investments has reached a proposed $2.5 million settlement in a class-action lawsuit concerning an alleged data breach.
The settlement proposal received preliminary approval on Monday in the Massachusetts federal court.
The lawsuit claims that more than 155,000 account holders had their personal and financial information compromised during a cybersecurity incident in 2024.
The breach reportedly allowed unauthorized access to Fidelity’s systems, exposing sensitive customer data, including names, social security numbers, financial account information, and driver’s license information.
According to the complaint, the breach occurred between August 17 and August 19, 2024, but affected customers were not notified until October 10, 2024. This delay …
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This Vertiv Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
- Citizens analyst Mikhail Goberman initiated coverage on Rocket Companies, Inc. (NYSE:RKT) with a Market Perform rating. Rocket Companies shares closed at $14.17 on Tuesday. See how other analysts view this stock.
- HSBC analyst Wesley Brooks initiated coverage on Vertiv Holdings Co (NYSE:VRT) with a Buy rating and announced a price target of $325. Vertiv shares closed at $270.89 on Tuesday. See …
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Cargill Opens New Netherlands Plant, Uses AI To Boost Meat Yields
Multi-national food corporation Cargill has opened a new production plant in the Netherlands, as the company continues to expand.
The new plant will offer dependable access to FR3 fluid as the company looks to “strengthen supply availability, simplify logistics, and improve responsiveness amid a growing demand from electrical infrastructure expansion, data centers, renewable energy, and battery storage,” the company noted in a press release.
A new production facility for FR3 fluid in Europe allows Cargill “to better serve regional customers, reduce complexity in logistics, and respond faster to market needs,” according to Colleen May, President of Cargill Bioindustrial.
Last month, Cargill announced it would deepen its commitments in India by opening a new dairy feed plant in Wazirabad. The company has also invested in expanding its plant in Beijing.
Cargill plans to continue …
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Resident doctors in England to begin six-day strike after rejecting offer in pay dispute
British Medical Association blame government for longest proposed walkout so far, with NHS leaders warning it could cost £300m
Resident doctors in England will strike for six days after Easter after rejecting what they said was the final offer by the health secretary, Wes Streeting, to end the long-running pay and jobs dispute.
The British Medical Association blamed the government for its decision to undertake its longest stoppage so far, from 7am on Tuesday 7 April to 6.59 on Monday 13 April.
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Tesla stock true believers could be losing faith
Scott Nations deciphers what the options market is telling us now about the cult stock.
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Iran rejects US ceasefire plan and submits its own amid push for talks
Tehran puts forward five-point counter-proposal and says war will end when it decides and on its terms
Iran dismissed a US ceasefire proposal on Wednesday and countered with a negotiation plan of its own as intermediaries sought to keep diplomatic channels between the warring countries open.
Iranian state TV quoted an anonymous official as saying Tehran had rejected the plan it had received via Pakistan, saying it would “end the war when it decides to do so and when its own conditions are met”, and until then would continue fighting across the region.
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Mark Carney rebukes Air Canada chief over English-only crash message
The prime minister says the condolence video after the fatal LaGuardia crash revived anger over linguistic rights
Canada’s prime minister, Mark Carney, has said a decision by Air Canada’s top executive to post an English-only message of condolence after a deadly crash in New York showed a “lack of judgment, a lack of compassion”.
Amid growing calls for his resignation, the airline chief’s misstep has once again revived frustrations and fears over linguistic rights protections in the province of Quebec, where French is the only official language.
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A court just ruled that tech addiction is real—and dangerous. It could be Meta and YouTube’s Big Tobacco moment
A Los Angeles jury has sided with a young woman known as Kaley or KGM in a landmark case, ruling that the “addictive design” of Instagram, Facebook, and YouTube helped fuel her serious mental health problems. The closely watched bellwether case against the platforms’ parents, Alphabet’s Google and Meta, could set a precedent in thousands of similar lawsuits and force Silicon Valley to rethink the features that keep users endlessly scrolling.
After more than 40 hours of deliberation across nine days—including testimony from KGM as well as from Meta CEO Mark Zuckerberg and other tech leaders—California jurors decided Meta and YouTube were negligent in the design or operation of their platforms, and awarded the plaintiff, a 20-year-old woman who says her social media addiction exacerbated her mental health struggles, $3 million in damages.
The multimillion-dollar verdict will grow, as the jury will decide whether the companies acted with malice or fraud. They will hear new evidence shortly and head back into the deliberation room to decide on punitive damages. Meta and Google-owned YouTube were the two remaining defendants in the case after TikTok and Snap each settled before the trial began.
“We respectfully disagree with the verdict and are evaluating our legal options,” a Meta spokesperson said when reached for comment Wednesday.
A spokesperson for YouTube parent company Google said the company also disagrees with the verdict and plans to appeal. “This case misunderstands YouTube, which is a responsibly built streaming platform, not a social media site,” the spokesperson said.
The decision also puts legal weight behind a term Big Tech has spent years trying to dismiss: tech addiction. As I reported in Fortune this week, and for the upcoming issue of Fortune Magazine, the intense debate about how harmfully addictive modern tech can be has escalated lately thanks to a slew of landmark legal cases against Meta, YouTube, TikTok, and Snap.
At a dedicated tech addiction rehab center outside of Seattle—one of very few such clinics in the U.S. or anywhere in the world—I met client Sarah Hill. The 21-year-old’s parents had flown her from Alabama to reSTART, a residential treatment program for digital overuse that treats compulsive tech use as a danger on par with alcohol or drugs. At the program, which costs around $1,000 a day, clients must abstain from smartphones, gaming, social media, and other technologies—often for months, and undergo intensive therapy sessions.
Hill told me that the situation got to a crisis point when she had spent so many nights holed up in her room talking to an AI chatbot on her phone that she fell behind in her college classes, lied to her parents, and ultimately failed out. “The last thing I saw was my mom resting her elbows on the counter and just crying,” she recalls. “That was the worst thing I ever saw.” On her first tech-free day at reSTART, Hill told me, she lay down on her bed and cried.
Hill is far from alone. reSTART cofounder Cosette Rae says she has treated around a thousand clients since opening the center nearly two decades ago, and spoken with many thousands more. She and cofounder Hilarie Cash launched reSTART in 2009 because they realized that there was nowhere else for those struggling with problematic tech use to go.
Rae’s patients aren’t simply dealing with bad habits, she says. They’re struggling with the fact that you can’t quit tech the way you might quit a substance. “When it comes to technology, it’s everywhere,” she says. “So you’re constantly being in front of it and having to say no.”
Scientists like Stanford psychiatrist Anna Lembke, who testified on behalf of the plaintiff in the Meta and YouTube case, say that’s not just anecdotal. Compulsive scrolling and gaming tap the same reward circuitry as drugs, with quick dopamine hits training users to seek the next small “win.” Over time, repeated bursts of stimulation can desensitize those pathways and weaken the prefrontal cortex, which governs planning and self-control, making it harder to cut back even as school, work, or relationships suffer. Brain imaging studies of people with internet gaming or social media disorders show changes similar to those seen in gambling addiction.
Meta and YouTube have long argued that there’s no clear scientific proof their products cause that harm. Tech addiction isn’t recognized as a formal diagnosis in the Diagnostic and Statistical Manual of Mental Disorders; only “internet gaming disorder” appears as a condition warranting more study. Some researchers worry that calling heavy use “addiction” can make people feel more helpless, not less.
But critics have long said that these products are designed to foster addiction. “These companies are in the business of attention,” the former tech investor and author of Zucked: Waking Up to the Facebook Catastrophe, Roger McNamee, told me, weeks before today’s verdict. “Once they had attention, they were in the business of controlling the choices available to people in order to influence their behavior in ways that were profitable for the platform. That culture and that business model were guaranteed to produce lots of harm.”
Indeed, some watching the Los Angeles and other lawsuits move forward have anticipated a “Big Tobacco moment”—a reference to the 1990s lawsuits against tobacco companies that proved they were aware of the addictive nature of nicotine and the health dangers of smoking, and led to massive damages paid.
NYU professor and podcaster Scott Galloway, also speaking before the verdict, was even more blunt about what the attention race has meant for young people. “I don’t think [Big Tech] set out in their business plans to depress global youth,” he says. “I think their algorithms discovered that rage, self-esteem, and funny cat videos just keep people online.”
For Hill, the stakes are personal, not theoretical. She has now transitioned to an apartment owned by reSTART and carries a basic “dumb” phone with no apps or games. She still catches herself slipping into old patterns—like mindlessly scrolling through new screen backgrounds—but says something fundamental has shifted.
“After making so many mistakes, I’m finally putting a foot down and saying, ‘I want to get out of this endless cycle,’” she says. “I need to do something to better myself and my life.”
This article used reporting from the Associated Press.
This story was originally featured on Fortune.com
This General Motors Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
- Wolfe Research analyst Emmanuel Rosner upgraded General Motors Co (NYSE:GM) from Peer Perform to Outperform and announced a $96 price target. General Motors shares closed at $76.57 on Tuesday. See how other analysts view this stock.
- Johnson Rice analyst Charles Meade upgraded Murphy Oil Corporation (NYSE:MUR) from Hold to Accumulate and announced a $63 price target. Murphy Oil shares closed at …
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The Most Successful Leaders Never Stop Learning
A conversation with David Novak about how to put learning at the center of everything you do.
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Trump pitches Iran peace plan but military buildups rarely veer to off-ramp
Tehran skeptical of president’s offer – and troop deployments for potential ground operations – suggest claim of imminent end to war not credible
Somewhere between the strait of Hormuz and the screens of Bloomberg terminals around the world, the standard laws of cause and effect appear to have been suspended for Donald Trump’s war in Iran.
Trump this week soft-launched his latest Iran peace talks – which he has said must be accepted or “we’ll just keep bombing our little hearts out” – with few details or proof that anyone in the Iranian regime was willing to listen to him. The ultimatum was described as “maximalist” by Iran and quickly derided as a non-starter by analysts and former government officials.
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