Business Corpus

Forgotten no more: Generation X is driving beauty salesGeneration X is one of the biggest beauty spenders, and brands are paying attention.{}

noreply@blogger.com (Unknown) — Sat, 25 Apr 2026 05:05:18 -0700

Generation X is one of the biggest beauty spenders, and brands are paying attention.https://www.cnbc.com/2026/04/25/generation-x-beauty-sales.html

Clock ticks on Spirit Airlines as bondholders weigh Trump bailout. Here's what could happen nextPresident Trump has said the government could buy Spirit.{}

noreply@blogger.com (Unknown) — Sat, 25 Apr 2026 00:35:21 -0700

President Trump has said the government could buy Spirit.https://www.cnbc.com/2026/04/24/spirit-airlines-trump-bailout.html

New York's pied-a-terre tax sets up legal fight over valuesNYC's property tax system undervalues co-ops and condos, so experts said the city will have to come up with a new system for valuing high-end second homes.{}

noreply@blogger.com (Unknown) — Sat, 25 Apr 2026 00:35:20 -0700

NYC's property tax system undervalues co-ops and condos, so experts said the city will have to come up with a new system for valuing high-end second homes.https://www.cnbc.com/2026/04/24/new-york-pied-a-terre-tax.html

FDA fast-tracks psychedelic drug research following Trump executive orderIt's a big shift toward supporting psychedelic-based medicines for treatment-resistant depression, PTSD and substance use disorders, the FDA said.{}

noreply@blogger.com (Unknown) — Sat, 25 Apr 2026 00:20:21 -0700

It's a big shift toward supporting psychedelic-based medicines for treatment-resistant depression, PTSD and substance use disorders, the FDA said.https://www.cnbc.com/2026/04/24/fda-psychedelic-drug-research-trump.html

Procter & Gamble earnings beat estimates as sales grow 7%The company reiterated its full-year forecast for earnings and sales.{}

noreply@blogger.com (Unknown) — Sat, 25 Apr 2026 00:20:20 -0700

The company reiterated its full-year forecast for earnings and sales.https://www.cnbc.com/2026/04/24/procter-gamble-pg-q3-2026-earnings.html

Regeneron inks drug pricing deal with Trump, will offer new hearing-loss therapy for freeRegeneron is the latest in a string of major drugmakers to make pricing concessions for new and existing medicines under agreements with Trump.{}

noreply@blogger.com (Unknown) — Sat, 25 Apr 2026 00:05:20 -0700

Regeneron is the latest in a string of major drugmakers to make pricing concessions for new and existing medicines under agreements with Trump.https://www.cnbc.com/2026/04/23/regeneron-inks-drug-pricing-deal-with-trump-will-offer-hearing-loss-therapy-for-free.html

Spirit Airlines' cash won't 'last for very much longer,' but Trump says government could buy carrierPresident Trump confirmed the government could provide a rescue package for Spirit Airlines or buy the carrier outright.{}

noreply@blogger.com (Unknown) — Sat, 25 Apr 2026 00:05:19 -0700

President Trump confirmed the government could provide a rescue package for Spirit Airlines or buy the carrier outright.https://www.cnbc.com/2026/04/23/spirit-airlines-bankruptcy-court-rescue.html

Santa Marta Summit Aims to Push Fossil Fuel Phase-Out as Indigenous Voices Demand Urgent Action

noreply@blogger.com (Unknown) — Sat, 25 Apr 2026 00:02:27 -0700

Santa Marta Summit Aims to Push Fossil Fuel Phase-Out as Indigenous Voices Demand Urgent Action

SRINAGAR, April 24 (IPS) - A high-stakes international summit in Colombia starting today (April 24) is expected to sharpen global efforts to phase out fossil fuels, as governments, scientists and Indigenous leaders warn that the world is running out of time to avert irreversible climate damage.

Read the full story, “Santa Marta Summit Aims to Push Fossil Fuel Phase-Out as Indigenous Voices Demand Urgent Action”, on globalissues.org →

https://www.globalissues.org/news/2026/04/24/42862 {"url":"https://static.globalissues.org/ips/2026/04/Credit-Kefas-Matos-3-100x100.jpg"}

Your summer BBQ is about to cost more – here’s the surprising reason whyPropane prices are rising ahead of barbecue season due to Middle East-driven energy costs, with ripple effects hitting food prices, including beef and grilling staples.

noreply@blogger.com (Unknown) — Fri, 24 Apr 2026 05:52:23 -0700

As Americans head into barbecue season, rising energy prices linked to Middle East tensions are driving up the cost of propane.

When energy prices rise, the added costs ripple through the food system and into everyday purchases, from meat counters to backyard grills.

"The impact of ongoing challenges in the Middle East on energy prices impacts nearly every facet of the U.S. economy and beef cattle are not immune," Glynn Tonsor, a professor of agricultural economics at Kansas State University, told FOX Business.

BUYING A HOME JUST GOT MORE EXPENSIVE AS THE IRAN WAR DRIVES UP MORTGAGE RATES

Ranchers rely on fuel at nearly every step, from running tractors to transporting cattle, and those higher costs are often passed on to consumers, Tonsor said.

Those pressures are showing up in energy markets. Gas prices now average about $4.02 a gallon, up roughly 86 cents from a month ago, according to AAA, while diesel – a key fuel for freight – has climbed to $5.49, up about $1.90 over the past year, making it more expensive to move cattle and beef across the country.

GAS SURGE TIED TO IRAN CONFLICT HITS SWING STATES, TESTING TRUMP’S LOW-PRICE PITCH

The ripple effects go far beyond beef.

Propane, the fuel powering many backyard grills, is also getting more expensive as global energy markets tighten because countries in the Middle East are such major suppliers to the world.

U.S. propane prices at the Mont Belvieu hub, the industry benchmark for this type of power, have surged nearly 19% since the conflict began in late February.

But higher energy costs are only part of the story.

Cattle supply remains slow to respond. Unlike oil or metals, where supply can be increased relatively quickly, cattle production takes years to ramp up after a dip.

BEEF PRICES ARE CLOSE TO RECORD HIGHS — BUT AMERICANS AREN’T CUTTING BACK

The U.S. cattle herd is now at its smallest size in 75 years, which is keeping the supply tight following years of drought, rising costs and an aging ranching workforce resulting in producers needing to cut back.

That tight supply is already pushing prices higher – and the Iran conflict is only adding to the pressure.

According to U.S. Department of Agriculture data, the average price of beef climbed from about $8.70 per pound in March 2025 to $10.08 a year later, an increase of roughly 16%.

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Subsequently, even if energy prices ease, beef prices likely won't be quick to follow.

For shoppers, that could mean higher grocery bills this summer – and pricier cookouts – depending on whether demand holds or consumers switch to cheaper alternatives. Much of that will depend on forces far beyond Americans’ backyards.

https://www.foxbusiness.com/politics/your-summer-bbq-about-cost-more-heres-surprising-reason-why

Nike cuts 1,400 roles in second round of layoffs this yearNike announced 1,400 layoffs, primarily in its technology department, on Thursday after cutting 775 jobs in January.{}

noreply@blogger.com (Unknown) — Fri, 24 Apr 2026 05:11:47 -0700

Nike announced 1,400 layoffs, primarily in its technology department, on Thursday after cutting 775 jobs in January.https://www.cnbc.com/2026/04/23/nike-job-cuts-layoffs.html

New York's pied-a-terre tax sets up legal fight over valuesNYC's property tax system undervalues co-ops and condos, so experts said the city will have to come up with a new system for valuing high-end second homes.{}

noreply@blogger.com (Unknown) — Fri, 24 Apr 2026 04:06:45 -0700

What $1 million buys you in real estate around the worldLuxury real estate in most major markets around the world continues to become more expensive, as the wealthy grow wealthier and more mobile.{}

noreply@blogger.com (Unknown) — Fri, 24 Apr 2026 04:06:44 -0700

Luxury real estate in most major markets around the world continues to become more expensive, as the wealthy grow wealthier and more mobile.https://www.cnbc.com/2026/04/23/luxury-real-estate.html

Nike announces roughly 1,400 layoffs in latest round of cutsNike announces layoffs of roughly 1,400 employees in its Global Operations team, primarily affecting its technology division across three regions.

noreply@blogger.com (Unknown) — Fri, 24 Apr 2026 02:32:20 -0700

Roughly 1,400 people across Nike's Global Operations team will be laid off, the company announced Thursday.

In a memo to employees, Chief Operating Officer Venkatesh Alagirisamy said the cuts will primarily affect Nike’s technology division and span North America, Asia and Europe, representing just under 2% of the company’s global workforce.

"This is not a new direction," Alagirisamy wrote. "It is the next phase of the work already underway."

The announcement follows a series of recent job cuts as Nike restructures its operations.

NIKE’S DIVERSITY INITIATIVES UNDER EEOC SCRUTINY FOR ALLEGED DISCRIMINATION AGAINST WHITE WORKERS

In January, the company said it would cut 775 jobs as part of an automation push at distribution centers.

In February 2024, Nike announced plans to reduce its workforce by about 2%, or more than 1,600 employees, and a few months later, in August, said it would cut less than 1% of corporate staff as part of a broader turnaround effort under CEO Elliott Hill.

Shares rose about 0.5% in after-hours trading, though Nike stock has lost more than half its value over the past three years.

According to Alagirisamy’s memo, the layoffs are aimed at streamlining supply chains for materials, footwear and apparel, and centralizing technology operations in two hubs: Beaverton, Oregon, and the Nike India Technology Center.

BEER GIANT POURS $600M INTO US PRODUCTION IN MAJOR BET ON AMERICAN GROWTH

Nike also plans to move some Converse manufacturing and engineering operations closer to factory partners.

"These changes are meant to make the company less complex and more responsive," Alagirisamy said. "As we look ahead, that means simplifying parts of how we operate, using more advanced automation where it helps us work better, and building an even stronger end-to-end foundation for future growth."

Hill, who became CEO in 2024, has pledged to refocus the Nike brand on core sports, such as running and soccer, while accelerating new product launches.

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Nike forecast a 2% to 4% drop in sales this quarter, with China, a key market, expected to decline about 20%, the company said.

Nike referred FOX Business to Alagirisamy’s memo when asked for comment.

FOX Business' Eric Revell and Reuters contributed to this report.

https://www.foxbusiness.com/markets/nike-announces-roughly-1400-layoffs-across-its-global-operations-team-latest-round-cuts

Trump signals interest in buying Spirit Airlines with taxpayer backing, aims to resell for profitPresident Donald Trump proposed a taxpayer-funded takeover of Spirit Airlines amid bankruptcy, with a strategy to resell the company after oil prices fall.

noreply@blogger.com (Unknown) — Fri, 24 Apr 2026 02:17:25 -0700

President Donald Trump has doubled down on the idea of a taxpayer-funded takeover of Spirit Airlines rather than a traditional bailout, an approach critics previously described as highly problematic.

Trump reaffirmed his interest in offering the airline a financial lifeline during a meeting at the Oval Office on Thursday, adding that the plan would involve reselling the carrier once oil prices decline.

"We're thinking about doing it, helping them out and meaning bailing them out or buying it. I think we just buy it," he said.

"We'd be getting it virtually debt free. They have some good aircraft, some good assets, and when the price of oil goes down, we'll sell it for a profit."

TED CRUZ POURS COLD WATER ON TRUMP ADMINISTRATION PLAN TO BAIL OUT SPIRIT AIRLINES: ‘TERRIBLE IDEA’

The remarks came amid talks of a potential financial bailout involving a reported $500 million loan aimed at preserving thousands of American jobs and maintaining a budget-friendly competitor in the airfare industry.

"It's in a bankruptcy," Trump said. "It's in bankruptcy court. And we're looking if we could get it for the right price, I'd do it to save jobs."

Spirit Airlines has faced years of mounting financial challenges that have been pushing the company toward potential liquidation, including multiple Chapter 11 bankruptcy filings, failed merger attempts with other low-cost competitors, and rising operation costs driven in part by surging jet fuel prices linked to the conflict involving Iran.

BIDEN-SCHUMER-PELOSI WOULD DO MORE DAMAGE IN 2 YEARS THAN OBAMA DID IN 8: TED CRUZ

Trump said the strategy would be to put a "smart person" in charge to run the airline properly, wait for oil prices to drop, and then resell the company for a profit once it becomes a valuable asset again.

"We have somebody that wants to run it, do a good job, smart person, and if they run it properly and if prices come down, all of a sudden it's a valuable asset," he said.

A primary motivation for the potential takeover, Trump said, is to protect the livelihoods of what he estimated to be 18,000 staffers.

He further emphasized that keeping a large number of airlines in business is important to maintain healthy competition within the industry.

"I'd love to be able to save an airline," the president added. "You know, I like having a lot of airlines. So it's competitive."

He also pointed out that Spirit Airlines had attempted to merge with another airline years ago before the Obama administration had blocked the move, a decision Trump described as a mistake.

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Spirit Airlines previously filed for bankruptcy on two separate occasions, in November 2024 and August 2025, amid mounting losses and unsuccessful merger talks.

In late February, the airline announced that it had reached an agreement with its lenders to exit bankruptcy proceedings.

The company also introduced a revised business strategy aimed at expanding premium seating options and loyalty programs in an effort to improve financial performance while maintaining its low-cost brand identity.

FOX Business' Anders Hagstrom contributed to this report.

https://www.foxbusiness.com/politics/trump-signals-interest-buying-spirit-airlines-taxpayer-backing-aims-resell-profit

Harley-Davidson issues recall for nearly 17,000 motorcycles over brake failure issueNearly 17,000 Harley-Davidson motorcycles are being recalled over a potential brake failure linked to insufficient clearance near the body control module.

noreply@blogger.com (Unknown) — Fri, 24 Apr 2026 02:17:24 -0700

Harley-Davidson is recalling nearly 17,000 motorcycles over a potential brake failure issue that could heighten the risk of a crash, according to federal regulators.

The recalled motorcycles include 2025 and 2026 models.

Affected motorcycles include the Harley-Davidson FXLRS with a production date from Dec. 5, 2024, to March 16, 2026; Harley-Davidson FXLRST with a production date from Oct. 3, 2024, to March 16, 2026; Harley-Davidson FXBB with a production date from Oct. 3. 2024, to March 16, 2026; and Harley-Davidson FLHC with a production date from Oct. 3, 2024, to March 12, 2026.

The company was first flagged in March regarding a claim of inoperable brakes on a 2025 FXLRST model motorcycle, the National Highway Traffic Safety Administration said in a report.

FORD RECALLS OVER 140,000 PICKUP TRUCKS OVER WIRING FIRE RISK

Three other claims of brake fluid loss or inoperable rear brakes were identified after a review of warranty and service records, the report states.

Upon further investigation, Harley-Davidson discovered that the affected models lacked enough clearance between the rear brake line and the body control module (BCM).

"Contact between the brake line and the BCM, over time, could lead to a hole in the brake line and a loss of brake fluid. If brake fluid loss remains undetected, rear braking may be compromised, increasing the risk of a crash," the NHTSA said in its report.

"The operator may note the presence of brake fluid underneath the motorcycle. In addition, the rider may note a decrease in rear brake performance," the report says.

No accidents or injuries have been reported with the motorcycles included in the recall.

TOYOTA RECALLS 73K HYBRID VEHICLES OVER PEDESTRIAN WARNING SOUND ISSUE

Harley-Davidson will notify all dealers about the recall effort by Monday, and owners are expected to receive notification letters by May 25, according to the recall notice.

CLICK HERE TO GET FOX BUSINESS ON THE GO

"The BCM caddy and associated hardware will be replaced on all affected vehicles. In addition, the rear brake line will be inspected and, if damaged, will be replaced along with associated parts," the notice states.

Harley-Davidson did not immediately respond to FOX Business' request for comment.

https://www.foxbusiness.com/lifestyle/harley-davidson-issues-recall-nearly-17k-motorcycles-brake-failure-issue

Dozens of ice cream products recalled over undeclared allergens posing 'life-threatening' riskCalifornia-based Loard's Ice Cream recalled all retail-sized products over undeclared allergens including milk, eggs, peanuts, soy, wheat and tree nuts.

noreply@blogger.com (Unknown) — Fri, 24 Apr 2026 02:02:22 -0700

A California-based ice cream company is recalling dozens of products over missing ingredient labels that could put people with food allergies at risk.

Silver Moon LP, operating as Loard’s Ice Cream, is voluntarily recalling all retail-sized products because they may contain undeclared allergens, including milk, eggs, wheat, tree nuts, peanuts and soy, according to an April 16 notice from the Food and Drug Administration (FDA).

The FDA warned that anyone with allergies or sensitivities to those ingredients could face a "serious or life-threatening allergic reaction" if they consume the products.

GENERAC RECALLS PORTABLE GENERATORS SOLD AT COSTCO OVER FIRE RISK

The affected ice cream products were sold in 32-ounce paper containers and 56-ounce plastic cups at Loard’s Ice Cream parlors across Northern California, where they were available in storefront freezers.

The recall covers a wide range of flavors, including chocolate, vanilla, strawberry, pistachio, peanut butter fudge, mango, horchata, coffee, eggnog, cookies and cream, black raspberry, blueberry cheesecake, chocolate mint, butterscotch and banana.

MACY’S RECALLS POPULAR KITCHEN ITEM OVER BURN RISK

The issue was discovered during an FDA inspection. No illnesses have been reported so far.

"Consumers who have purchased these products are urged to return (them) to the place of purchase for a full refund or replacement with updated packaging," the FDA said.

CANTALOUPES RECALLED NATIONWIDE OVER SALMONELLA FEARS — WHAT SHOPPERS NEED TO KNOW

A full list of affected products is available on the FDA's website.

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FOX Business reached out to Silver Moon LP for comment.

https://www.foxbusiness.com/lifestyle/dozens-ice-cream-products-recalled-over-undeclared-allergens-posing-life-threatening-risk

Costco issues urgent recall on popular product linked to burn injuriesHeated socks sold at Costco are being recalled after reports of burn injuries linked to the product, according to the Consumer Product Safety Commission.

noreply@blogger.com (Unknown) — Fri, 24 Apr 2026 02:02:21 -0700

Heated socks sold at Costco have been recalled after customers reported burn injuries, according to the Consumer Product Safety Commission (CPSC).

The 32 Degrees Heated Socks were sold in medium, large and extra large. The CPSC report said when the socks are worn during "high intensity activities" they pose a potential burn hazard.

According to the CPSC, there were 14 reported heat-related incidents with the socks, and 13 of them involved first- or second-degree partial thickness burns.

The CPSC did not specify whether the issue stems from the battery pack, heating elements or prolonged heat exposure.

COSTCO ISSUES RECALL FOR CERTAIN GIFT CARDS

About 207,806 packs of socks were recalled.

The affected socks were sold at both Costco retailers and online at Costco.com from August 2025 through March 2026, ranging from $30 and $46 in price.

FORD RECALLS OVER 140,000 PICKUP TRUCKS OVER WIRING FIRE RISK

A spokesperson for Costco did not immediately respond to FOX Business' request for comment.

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Consumers are urged to stop using the socks immediately and return them to Costco for a full refund. For additional information, customers can contact 32 Degrees toll-free at 833-997-2452 from 9 a.m. to 5 p.m. ET Monday through Friday, email recall@32degrees.com or visit the company’s website and click "Sock Recall" under the Support section.

The recall underscores a broader concern with heated wearable products, where items marketed for everyday comfort can pose risks when used in real-world conditions.

Since consumers increasingly rely on battery-powered apparel during active use — from outdoor work to exercise — the reported injuries highlight a potential gap between how these products are expected to perform and how they actually function under higher-intensity activity.

The recall comes as Costco has faced other recent product safety issues, including a Generac portable generator sold through the retailer that was recalled over fire risks.

Fox Business' Bradford Betz contributed to this report.

https://www.foxbusiness.com/retail/costco-issues-urgent-recall-heated-socks-linked-burn-injuries

Spirit Airlines lawyer says cash 'not going to last for very much longer,' but government rescue on the tableSpirit Airlines confirmed it is in talks with the Trump administration for a rescue package.{}

noreply@blogger.com (Unknown) — Fri, 24 Apr 2026 01:51:42 -0700

Spirit Airlines confirmed it is in talks with the Trump administration for a rescue package.https://www.cnbc.com/2026/04/23/spirit-airlines-bankruptcy-court-rescue.html

Nike cuts 1,400 roles in second round of layoffs this yearNike announced 1,400 layoffs, primarily in its technology department, on Thursday after cutting 775 jobs in January.{}

noreply@blogger.com (Unknown) — Fri, 24 Apr 2026 01:51:41 -0700

Nike announced 1,400 layoffs, primarily in its technology department, on Thursday after cutting 775 jobs in January.https://www.cnbc.com/2026/04/23/nike-job-cuts-layoffs.html

Meta informs staff of layoffs affecting 8,000 employees amid AI pushAs AI spending booms, Meta announces 8,000 layoffs while Microsoft offers voluntary retirement to thousands of employees amid tech reductions.

noreply@blogger.com (Unknown) — Fri, 24 Apr 2026 01:47:21 -0700

Meta has informed its staff it will let go of roughly 8,000 employees — approximately 10% of its workforce — as it looks to bolster its presence in the artificial intelligence space.

The employees were told about the sweeping cuts in a memo as the company prepares to make heavy investments in AI. The layoffs are expected to begin May 20.

"I know this is unwelcome news and confirming this puts everyone in an uneasy state, but we feel this is the best path forward, given the circumstances," Chief People Officer Janelle Gale wrote in the memo obtained by Bloomberg News.

META'S BAY AREA LAYOFFS AFFECT ROUGHLY 200 WORKERS AS COMPANY POURS BILLIONS INTO AI INFRASTRUCTURE

A Meta spokesperson declined to comment on the job cuts but confirmed the memo and its contents with FOX Business.

Other tech companies are making staff reductions amid a boom in AI spending. On Thursday, Microsoft Corp. offered voluntary retirement to around 8,750 employees, or 7% of its U.S. workforce, according to Bloomberg.

In her memo, Gale wrote that the layoffs are "part of our continued effort to run the company more efficiently and to allow us to offset the other investments we’re making."

META VOWS APPEAL OF 'LANDMARK' SOCIAL MEDIA VERDICTS, WARNS OF FREE SPEECH EROSION

"This is not an easy tradeoff, and it will mean letting go of people who have made meaningful contributions to Meta during their time here," she said.

Laid-off employees will receive a generous severance package and career support services to help find other jobs and immigration support for those who need it.

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The company previously laid off 11,000 workers in November 2022 — about 13% of its workforce — and cut another 10,000 jobs months later. Meta employed nearly 79,000 people as of Dec. 31, according to its latest filing.

https://www.foxbusiness.com/technology/meta-informs-staff-layoffs-affecting-8000-employees-amid-ai-push

LARRY KUDLOW: American economic success — we have oilHats off to the Treasury Secretary, Scott Bessent, for keeping the financial heat on Iran as part of the war effort

noreply@blogger.com (Unknown) — Fri, 24 Apr 2026 01:47:20 -0700

The United States Navy’s blockade of Iranian ports is working to perfection, and is basically stopping Iran from selling any oil or getting any money. Losing $400 or $500 million a day means you’re in a business that has no future. You won’t meet payroll. No retirement accounts. No health benefits either. And your employees and their families and friends are getting very, very angry. They didn’t sign on to this insane radical Islamism, which is leading to the destruction of their country. Just think about this, it’s how revolutions begin.

And besides President Trump’s steel backbone in maintaining the blockade, hats off to Treasury Secretary Scott Bessent for his own maximum pressure campaign through Economic Fury. My sources tell me the Treasury has been freezing all those Islamic Revolutionary Guard Corps offshore bank accounts in places like Turkey, Qatar, the United Arab Emirates, and Oman. These are the generals who have looted and stolen from Iran for decades and decades so they and their kids can live the high life outside of Iran. It’s what dictators and totalitarians always do. Yet many, if not most, of these Iranian offshore bank accounts have been frozen by Mr. Bessent.

So no dollars are available to Iran. Very important: no dollars are getting into Iran. This is the banking freeze. It’s also the export-import freeze. And sources tell me the secretary is poised to sanction any country that facilitates any trade or finance flows on behalf of Iran. If they do, they will be thrown out of the American economic system. Knocked off the Swift accounting ledger and the New York Fed’s transactions wire. So hats off to Mr. Bessent for keeping the financial heat on as part of the war effort.

Now, as bad as it’s gotten in Iran, the other side of the coin is that Trump-Bessent economic policies are keeping the American economy in pretty good shape. Four-dollar-a-gallon gasoline has not stopped significant consumer spending. Manufacturing has come alive. Take a look at the ISMs and the S&P Global PMIs. Private sector employment has beaten all expectations. The unemployment rate is at a low 4.3 percent.

Looking through the temporary energy price spike, the inflation rate is probably close to 2.5 percent, and you can bet Kevin Warsh will bring it lower when he takes over. Weekly and monthly unemployment claims remain rock bottom. And profits, which are the mother's milk of stocks and the lifeblood of the economy, are booming.

Productivity is high. Unit labor costs are low. And business is making good money in order to expand, build new factories, and pay overtime and tips without taxes. And stock markets are at or near record highs across the board. America is a great free-market capitalist economic machine, backed up by a president who believes in rewarding success, not punishing it. And pushes for free and fair trade.

Finally, another reason for America’s economic success during wartime is simple: we have oil. Plenty of it. Mr. Trump’s "drill, baby, drill" over the past decade was sheer genius. We don’t need their oil, we have our own oil. And virtually the rest of the world is coming to us because they need fuel and we are reliable suppliers. Just think of it.

https://www.foxbusiness.com/politics/larry-kudlow-american-economic-success-we-have-oil

Trump administration moves to reclassify cannabis in major shift that could expand researchTrump administration to reclassify marijuana as Schedule III, easing research barriers but not legalizing the drug or changing current federal penalties.{}

noreply@blogger.com (Unknown) — Fri, 24 Apr 2026 01:36:42 -0700

Trump administration to reclassify marijuana as Schedule III, easing research barriers but not legalizing the drug or changing current federal penalties.https://www.cnbc.com/2026/04/23/trump-administration-reclassifies-cannabis.html

Regeneron inks drug pricing deal with Trump, will offer new hearing-loss therapy for freeRegeneron is the latest in a string of major drugmakers to make pricing concessions for new and existing medicines under agreements with Trump.{}

noreply@blogger.com (Unknown) — Fri, 24 Apr 2026 01:36:41 -0700

United Airlines raising ticket prices up to 20% as fuel costs surge amid Iran warUnited Airlines says fares are already climbing as jet fuel prices surge, with brand-loyal travelers continuing to book despite higher costs.

noreply@blogger.com (Unknown) — Fri, 24 Apr 2026 01:32:22 -0700

United Airlines warned Wednesday that the company is raising ticket prices by as much as 20% as it grapples with surging jet fuel costs driven by the war in Iran.

The alarming notice came during the company’s quarterly earnings call, where CEO Scott Kirby said the airline is aiming to "recover 100% of the increase in jet fuel prices as quickly as possible."

"Sell-in yields for all future travel are now up 20% year-over-year," Executive Vice President and Chief Commercial Officer Andrew Nocella said, indicating that customers are already booking future flights at prices roughly 20% higher than last year’s levels.

Kirby added that yields likely need to remain near that range to achieve long-term profit margins.

AMERICAN AIRLINES CEO SAYS MERGER WITH UNITED WOULD BE ‘BAD FOR CUSTOMERS’

"Yields need to increase by about 15% to 20%, and we are assuming that fuel may remain higher for longer," he said.

The CEO added that higher prices are expected to dampen overall demand, but noted there have been no signs of decline yet following earlier fare and baggage fee increases implemented since the war began.

"We believe we have the ability to pass on the increase in fuel due in large part to our brand loyal customers, continued demand strength and preference to fly United even at higher fares," Executive Vice President and Chief Financial Officer Michael Leskinen said.

MAJOR AIRLINE AXES 20,000 'UNPROFITABLE' FLIGHTS AS JET FUEL COSTS SOAR

"At this point, we can tell you that the price increases are going well and demand is hanging in there really strong," Nocella added.

The airline has already implemented five broad price increases since January mostly to offset higher fuel costs, according to the call.

While ticket yields were up just 4% year over year in January and February, they reportedly climbed to 12% in early March, 18% later that month, and have now reached 20% for all future travel.

United further attributed its "robust" demand to a strong base of brand-loyal customers and continued strength in premium and business travel.

Kirby also suggested that if demand does soften, the carrier may respond by supplying fewer seats to the market.

Management noted that the longer fuel prices remain elevated, the more likely higher ticket prices are to become permanent across the industry.

UNITED AIRLINES CHECKED BAG FEES CLIMB $10–$50 AS FUEL PRICES NEARLY DOUBLE SINCE IRAN WAR

Fuel costs have surged to multi-year highs following the outbreak of the U.S.–Israel conflict with Iran on Feb. 28, which disrupted roughly 20% of global oil flows passing through the Strait of Hormuz.

As of Wednesday, jet fuel in major U.S. markets averaged $4.23 per gallon, up nearly 70% from levels seen before the war began, according to Argus data published by Airlines for America. At one point in early April, prices reportedly surged more than 95% to $4.88 per gallon.

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In response, multiple major airlines have launched efforts to mitigate rising operating costs, including increasing baggage fees and consolidating flights by canceling select routes.

United Airlines specifically raised checked bag fees by $10 to $50 earlier this month.

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Fanatics, NFL announce multi-year partnership for on-site retail at marquee events, including 2026 NFL DraftFanatics and the NFL announced an exclusive, multi-year partnership where the global sports platform will be the league's on-site retail partner at marquee events.

noreply@blogger.com (Unknown) — Fri, 24 Apr 2026 01:32:21 -0700

As the 2026 NFL Draft is set to kick off, Fanatics and the NFL announced an exclusive, multi-year partnership where the global sports platform will be the league’s official on-site retail partner at marquee events like the one set for Thursday night in Pittsburgh.

Fanatics will be bringing its on-site retail expertise to marquee global events, including the Super Bowl, NFL Kickoff, NFL International Games, NFL Flag Championships, NFL Scouting Combine and the Pro Bowl Games.

This marks the first time both sides have come together to impact on-location retail at the Super Bowl and NFL Draft, the latter of which seeing a fun activation for all fans watching their favorite teams draft the future over the next three days.

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Fanatics will be operating more than 10 retail locations throughout the draft footprint in Pittsburgh, headlined by a massive, 13,000-square-foot NFL Shop flagship tent. The footprint will also include satellite trailers, stadium concourse locations and more all conveniently located throughout the North Shore of Pittsburgh, which includes Acrisure Stadium and Point State Park.

There will be more than 250 products from brands like Nike, New Era, Mitchell & ness, Topps, ’47, Homage, Yeti and many more as part of Fanatics’ on-location retail system with the league.

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And even better, for the first time ever, fans at the draft will be able to order a special jersey for any first-round pick moments after that player is selected, with jerseys produced entirely on-site. The jerseys will feature a 2026 NFL Draft patch, the player’s name and the number one on the back – just like the ones they will receive on stage.

"As the NFL has grown into a year-round, global event leader, Fanatics has established itself as the perfect partner to meet consumer demand for the best merchandise possible," Casey Collins, NFL Senior Vice President of Consumer Products and Licensing, said in a statement. "We look forward to working in lockstep with Fanatics to deliver every fan a world-class retail experience during the League’s biggest moments."

Fanatics’ expanded partnership with the NFL taps into the global sports platform’s merchandising and operational capabilities, while also showcasing its creativity with the retail footprint at these key events each year.

For example, exclusive and unique collaborations and capsule collections were created for the NFL Draft, focusing on the rich history of Pittsburgh. The "Bridge to Greatness" is a Fanatics curated assortment of premium workwear-inspired T-shirts, hoodies, quarter-zips, and coaches jackets in black-on-black and Pittsburgh’s black and gold colorways, which will be available exclusively onsite for the draft. Pittsburgh-based artist Jeremy Raymer will also be hosting a live art activation, creating one-of-one pieces for the collection.

Mitchell & Ness also created a Mac Miller tribute collection for the late Pittsburgh music icon, which includes jerseys, T-shirts, hoodies and hats. From Homage’s tributes to the beloved Primanti Brothers and Mr. Rogers institutions, to designer John Geiger’s collaborations with Fanatics and New Era, the draft will have it all for those in the great city of Pittsburgh as well as those traveling to witness their rookie selections become a part of their team in person.

"Fanatics and the NFL have built a truly collaborative, cross-functional business together, and this partnership is a testament to that growth and a look to the future," Gary Gertzog, Fanatics President of Business Affairs, said in a statement. "The League is reaching more fans across more countries each year, and we believe that our global scale and expertise in merchandising and retail operations set us up perfectly to super-serve the fan experience across these coveted, marquee sports moments."

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Fanatics was already the official e-commerce partner of the NFL, but this partnership significantly expands their work together, impacting the millions of fans in the States and beyond to deliver an unparalleled fan experience during football’s greatest events.

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https://www.foxbusiness.com/sports/fanatics-nfl-announce-multi-year-partnership-on-site-retail-marquee-events-including-2026-nfl-draft