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Cargo ship struck in Strait of Hormuz amid Iran war19:14 The United Kingdom Maritime Trade Operations Centre noted a report regarding a cargo ship being struck by a projectile in the Strait of Hormuz. Loeffler targets $50B SBA program that has ‘never been looked at,’ bans 112K-plus COVID loan fraudsters17:38 SBA chief Kelly Loeffler bans 112,000 borrowers accused of COVID loan fraud and launches audit of $50 billion program allegedly never reviewed in 50 years. Target to cut prices on 3,000 items as inflation remains above Fed target17:06 As Wednesday s CPI data shows inflation still above the Fed s goal rate, Target cuts prices on more than 3,000 spring essentials, including baby items, apparel and shoes. Former Starbucks CEO Howard Schultz moves to Florida from Washington state17:06 Former Starbucks CEO Howard Schultz announces retirement move to Miami, leaving behind Washington state after 44 years. Yamaha moves US headquarters out of California after nearly 50 years16:34 Yamaha Motor Co. announces the relocation of its U.S. headquarters from Cypress, California, to Kennesaw, Georgia, starting later this year. Inflation was modest in February but remained above the Fed's target13:53 The Labor Department released the February 2026 consumer price index (CPI), which showed that inflation remained elevated above the Federal Reserve s target. Federal court terminates Biden-era student loan plan affecting millions nationwide3:12 Federal appeals court officially ends Biden s SAVE student loan plan, reportedly impacting 7 million borrowers who must now seek alternative repayment options. Trump touts ‘historic’ $300B Texas refinery as first new US plant in nearly 50 years2:40 Trump announced a historic $300 billion oil refinery project in Brownsville, Texas, the first new U.S. refinery in nearly 50 years, promising thousands of jobs. Flying taxis could soon take flight as FAA green-lights tests in 26 states23:53 The FAA launched a groundbreaking pilot program testing electric flying cars and air taxis across 26 states, bringing futuristic transport closer to reality. Five Disneyland employees hospitalized after backstage chemical incident near Star Tours causes foul odor23:53 A chemical reaction at Disneyland sent five cast members to a hospital after contractor materials created a hazardous backstage incident at the theme park. Oil spike fades as markets reassess Iran war supply risks23:19 Oil prices surged to the highest level since 2022 amid Iran war concerns, reaching $115 per barrel before falling more than 8% as supply disruption concerns ease. Ford recalls more than 83,000 vehicles over headlight, engine valve issues22:14 Ford is recalling 35,772 model year 2025-2026 Explorer SUVs due to headlight issues and 47,804 model year 2025 vehicles over a faulty engine gas recirculation valve. Much Ado About Taxes21:39 Investors are increasingly focused on not just how they invest their money but also how they can optimize their after-tax investment outcomes. Allspring Global Investments is dedicated to helping investors navigate the evolving tax and estate planning landscapes. How the Iran war could hit Americans’ grocery bills19:55 The Iran war is driving oil shock that may reshape consumer spending patterns as businesses face mounting transportation costs and difficult pricing pressures. |
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