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Panama Canal chief eyes major gains as Iran crisis chokes off Strait of Hormuz shipping route15:52 Strait of Hormuz reaches near standstill amid U.S.-Israeli strikes on Iran, forcing global shipping to reroute through Panama Canal as traffic drops. JetBlue resumes operations after brief nationwide FAA ground stop13:28 JetBlue flights were temporarily grounded nationwide after a system outage prompted an FAA ground stop. Clams, raw oysters recalled over possible norovirus contamination across 9 states: FDA2:59 The FDA said a recall was issued for clams and oysters distributed in nine states over possible norovirus contamination, a contagious infection commonly known as the stomach flu. Budget deficit hits $1 trillion in first five months of fiscal year: CBO1:18 Federal budget deficit reached $1 trillion in five months through February 2026 as tax revenue jumped $206 billion due to higher income tax and tariff collections, CBO data shows. Fed officials closely monitor Iran conflict for potential inflation impact23:04 Hostilities with Iran pose a potential risk for higher inflation as Federal Reserve policymakers monitor the energy price impact ahead of their next meeting to discuss rate cuts. Will tapping oil reserves curb soaring gas prices?21:20 G7 finance ministers weigh emergency oil reserve release as Middle East tensions send crude soaring above $115, threatening global economic stability. IRS unveils proposed regulations for new Trump Accounts savings program19:33 The IRS and Treasury proposed new rules for Trump Accounts, including details for opening an account and taking the federal seed money if eligible to do so. GE Aerospace pours $1B into US manufacturing as CEO touts ‘tremendous demand’18:58 GE Aerospace announces massive $1 billion U.S. investment, plans to hire 5,000 workers in 2026 as company races to meet tremendous aviation demand. Ford recalls 1.74 million vehicles due to rearview camera blackouts, issues18:57 Ford is recalling 1.74 million vehicles over software issues causing rearview display failures. Bronco, Edge, Escape owners affected by display problems. Mark Zuckerberg and Google's Brin close on massive Miami estates worth over $220M combined18:22 Four of the world s richest men now own Miami estates within 20 miles as tech power shifts from Silicon Valley to Florida s billionaire enclaves. Amid Iran war, President Trump suggests short-term oil price spike is 'small price to pay' for peace18:22 As American drivers face spiking prices at the pump, President Donald Trump asserted that increased oil prices are a "small price to pay" to achieve peace. US economic freedom surges in biggest annual increase in over two decades18:22 U.S. economic freedom score jumps 2.6 points in Heritage Foundation index, ending a five-year decline. America ranks 22nd globally in the annual report. G7 finance ministers to discuss emergency oil reserve release amid price surge: report18:22 G7 finance ministers will reportedly discuss a potential coordinated release of emergency oil reserves on Monday as crude prices jump amid the Iran war. DOJ reaches settlement with Live Nation in antitrust case18:22 Live Nation has arrived at a settlement with the United States Department of Justice, multiple people familiar with the matter confirm. |
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