WASHINGTON (AP) — The U.S. economy was supposed to start the year with a bang, fueled by an unusually large jump in tax refunds from President Donald Trump’s tax cut legislation. Yet spiking gas prices are on track to eat up those refunds, leaving most Americans with little extra to spend. “Next spring is projected…
This week, a topic that has been boomeranging around Silicon Valley bounced into the spotlight: AI tokens as compensation. The idea is straightforward enough — rather than giving engineers only salary, equity, and bonuses, companies would also hand them a budget of AI tokens, the computational units that power tools like Claude, ChatGPT, and Gemini….
The bacteria may cause serious infections in immunocompromised patients, including those with weakened immune responses. WASHINGTON — Alcohol prep pads sold nationwide are under recall due to a possible microbial contamination, the Food and Drug Administration warned Friday. Cardinal Health issued a voluntary recall on Thursday for select lots of its Webcol Large Alcohol Prep…
CLACKAMAS, Oregon — The Clackamas County Sheriff’s Office is investigating a reported shooting on Saturday night near the Clackamas Town Center transit center. The sheriff’s office says the MAX Green Line platform is currently closed as deputies investigate. “At this time, no injuries have been reported, and there is no known danger to the public,” CCSO…
Iran’s attack this week on Qatar’s natural gas export facility threatens to disrupt not just world energy markets but also global technology supply chains because the helium it produces is crucial for a range of advanced industries. Best known as the gas that makes party balloons float, helium is also a key input in chipmaking, space rockets and medical…
Andrej Karpathy, an OpenAI cofounder and former director of AI at Tesla, admitted that he’s not on the forefront of the field and feels nervous about it, despite all his accomplishments in AI. In an interview on the No Priors podcast on Friday, the independent AI researcher, who is also the founder of Eureka Labs, explained a…
A drug that helped turn Novo Nordisk into Europe’s most valuable company is about to lose its monopoly grip across much of the globe. Patent protections on semaglutide—sold as Ozempic for diabetes and Wegovy for weight loss—expire Saturday in several of the world’s most populous countries, opening the door to generic versions in India almost…
A New York postal worker was arrested for knocking a four-year-old hassidic (ultra-Orthodox) boy to the ground on Friday afternoon, police said. Video footage showed the boy approaching the mail truck before the postal worker came out and shoved the child forcefully to the ground. The Ramapo police department announced that the 39-year-old postal worker…
For decades, humans have sought to harness the power of the stars to generate electricity here on Earth. And for nearly as long, achieving that goal always seemed just a decade away. Now, a slew of startups are closer than ever before and rushing to build fusion reactors capable of putting power on the grid….
Royal Caribbean is scrapping a slate of 2027 sailings on one of its major ships, leaving thousands of summer vacations in flux. More than 20 cruises scheduled between May and September 2027 on Freedom of the Seas have been canceled, reports People, citing the independent Royal Caribbean Blog and The Travel. Affected guests were reportedly…
When Nvidia CEO Jensen Huang took the stage for his annual GTC keynote on Monday, the $4-trillion-dollar company’s stock started to drop. Wall Street investors, it seems, were unmoved by the leather jacket-clad founder’s bullish 2.5-hour speech. Instead, they placed more weight on AI’s uncertain future and fears of a bubble. The nervousness felt by…
The U.S.-Israel war on Iran has delivered the biggest disruption to the airline industry since the COVID-19 pandemic, and United is bracing for a future where oil prices remain high through 2027. Not only has the price of oil soared, air traffic to key Middle East airport hubs has been disrupted, forcing planes to take…
While crude oil prices soar above triple digits amid the ongoing disruption to shipping through the Strait of Hormuz, President Donald Trump‘s next political crisis may already be taking shape at the diesel pump — and a 20-year chart is spelling out exactly why. The chart below overlays US Diesel Futures — the wholesale benchmark…
Starting Saturday, stores across the state will be required to accept cash payments from customers. The state attorney general’s office reminded New Yorkers on Friday the new legislation takes effect March 21 and requires all food stores and retail establishments in the state to take cash in exchange for goods and services. The law also bans charging extra…
Elon Musk has been found liable by a California jury for misleading Twitter shareholders amid his $44 billion acquisition of the social media platform in 2022. On Friday, the jury in the class-action case Pampena v. Musk found that the Tesla mogul’s tweet claiming the deal was “temporarily on hold” was harmful and misleading, resulting…
Wall Street folds after gold loses 10% in a week, Main Street turns negative as Iran war escalation looms | Kitco News BUY/SELL GOLD & SILVER Bullion Coins and Bars Precious Metals All Metal Quotes Cryptos Base Metals Markets Mining News About Kitco Forum NEW Jeweler Resources Commodities Cryptocurrencies Mining Economy Conferences Opinion commodities /…
Bond market frets about inflation, leveraged Treasury bets unwind, housing market frets about spring selling season. By Wolf Richter for WOLF STREET. The 10-year Treasury yield spiked by 14 basis points to 4.39% today, the highest since July 2025. It has now spiked by 46 basis points since the low during the brutal flipflop over the weekend at…
COVID-19 gave us hybrid work. The Iran War might give us a three-day weekend. That’s because, as Sri Lanka, the Philippines, and Pakistan move to a 4-day work week because of the war in Iran, experts say we’re the closest we’ve ever been to a permanent shorter workweek. It started in Asia, but now major…
Investing.com – United Airlines Holdings Inc (NASDAQ:UAL) warned that rising fuel costs linked to the Iran conflict are beginning to pressure the aviation industry, even as travel demand remains strong. In a message to employees, United CEO Scott Kirby said the airline is preparing for a period of elevated oil prices, which could drive higher…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Wall Street initially priced in a swift US bombing campaign as President Trump made his move against Iran. What investors got was an oil war. Stocks pulled back again this week as oil…
It all started on a long drive from south Florida to North Carolina last holiday season. As Robert Levine drove, he asked his wife in the passenger seat to prompt ChatGPT with questions they had about the home-selling process. “Are we capable of doing this?” they asked. “What’s the realistic timeline tactically?” The conversation started…
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A mini burger, mini fries and mini beer, Clinton Hall’s “Teeny Weeny Mini Meal”, is pictured next to a regular-sized combo on Dec. 8, 2025 in New York City. Approximately one in eight American adults are currently taking drugs from the class of GLP-1 agonists that are now popular for weight loss, according to a…
In brief While Bank of America economists still view rate cuts as the most likely path, they outlined how surging energy costs could force the Federal Reserve to hike. Beyond oil, rising shipping costs for fertilizer and aluminum threaten to spark broader price pressures in the U.S. economy, they noted. Experts warned that a surprise…
Executives said that the epicentre of the crisis remained in the Gulf © AP The airline industry is in the grip of its worst crisis since the pandemic, as the Middle East war has grounded flights, wiped more than $50bn off the value of the world’s biggest carriers and even raised the spectre of fuel…
Kalshi isn’t having a very good week. On Tuesday, the attorney general of Arizona filed a 20-count criminal complaint against the online prediction market, accusing it of running an illegal gambling business. Now, another southwestern state has taken a big swing at the company: A judge in Nevada has temporarily banned the service from operating…
LONDON (AP) — Iran’s attack this week on Qatar’s natural gas export facility threatens to disrupt not just world energy markets but also global technology supply chains because the helium it produces is crucial for a range of advanced industries. Best known as the gas that makes party balloons float, helium is also a key…
Musk’s tweets about spam and bots caused some investors to sell shares for less than the final price. Musk’s tweets about spam and bots caused some investors to sell shares for less than the final price. Mar 20, 2026, 11:46 PM UTC Jay Peters is a senior reporter covering technology, gaming, and more. He joined…
Americans’ household finances are already taking a hit as President Donald Trump’s war on Iran drives up gas prices. A new Reuters/Ipsos poll published Friday found that 55 percent of respondents’ household finances had been affected “somewhat” or a “great deal” by the rising prices. That included 42 percent of Republicans and 68 percent of…
A parent wants to see their kid make it in life. Maybe that’s going to a good school. Maybe it’s curing some disease or making it to the big leagues. And a parent wants to help with that journey—after all, it’s a parent’s obligation to care for their child. But how that care looks like…
The two U.S. senators negotiating a controversial provision in the crypto industry’s market structure bill — Republican Thom Tillis and Democrat Angela Alsobrooks — have reportedly agreed on a compromise that could advance the industry’s top priority to the next stage in the Senate. Connor Lounsbury, Alsobrooks’ communications director, told CoinDesk in a statement that…
California and seven other states filed an emergency motion on Friday to stop the merger of broadcasting companies Nexstar and Tegna, a corporate tie-up that would create the country’s largest operator of local television stations. The eight attorneys general filed the motion for a temporary restraining order less than a day after the Federal Communications…
Union Pacific Railroad, founded by President Abraham Lincoln in 1862, unveiled its plans today to celebrate the United States, its amazing history and the people behind its unparalleled success story with two new locomotives and the first Big Boy steam tour to the East Coast in honor of America’s 250th anniversary. Big Boy, the world’s…