President Donald Trump spoke about the Middle East conflict and noted the stock market's high performance, but shortly after, stock market futures dropped. This decline happened amid ongoing uncertainty about the war in Iran and economic concerns in the U.S.
Key Facts
President Trump noted record-high stock market levels during his speech.
Stock market futures fell shortly after Trump's speech, with Dow Jones dropping by about 0.8%.
Trump said military actions in Iran would continue for two to three more weeks.
Investors expected signs of the conflict de-escalating but did not get them from the speech.
Oil prices rose sharply, increasing fears of inflation.
Concerns are growing that the ongoing conflict could harm the U.S. economy and Republican political power.
A Harvard/CAPS poll shows most people think the economy is worse now than under former President Biden.
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New laws are set to make it easier for people to cancel subscription services with just one click. The Department for Business and Trade (DBT) announced that these changes will help save money and avoid "subscription traps." The laws are expected to be active by spring 2027.
Key Facts
New laws will let people cancel subscriptions easily with a single click.
The changes will include a 14-day cooling-off period to allow refunds after subscriptions auto-renew.
The laws aim to prevent consumers from being automatically moved to more expensive contracts without notice.
Companies must inform customers before free or discounted trials end.
The DBT estimates the changes could save the public around £400 million a year.
Some types of memberships, like those for charities, cultural, and heritage organizations, won't be covered by these rules.
Approximately 10 million unwanted subscriptions are active in the UK.
Over 3.5 million people in the UK are unexpectedly moved from free trials to full contracts.
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Some Motability drivers under 30 are unhappy with a new rule requiring black-box trackers in their vehicles. These boxes monitor driving patterns, and multiple negative ratings could result in losing access to the Motability vehicle leasing scheme. The organization says this is to keep costs down and ensure safety, but some users feel it compromises their freedom.
Key Facts
Motability will install black-box trackers in vehicles driven by people under 30.
The black boxes track driving habits such as speed and braking.
Accumulating more than four red ratings in a year might lead to removal from the Motability scheme.
The Motability scheme allows disabled individuals to lease a vehicle using part of their benefits.
Keron Day, an actor with cerebral palsy, voiced his concerns about the black boxes.
Motability argues the black boxes help reduce insurance costs and improve safety.
Since September, 300 drivers have been removed from the scheme in Northern Ireland.
The black box requirement also applies to any driver under 30 named on a policy, including family or personal assistants.
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SpaceX plans to sell its shares to the public, a move that might make Elon Musk the first trillionaire. The IPO could raise about $75 billion and make SpaceX one of the largest public offerings in history. The company has already attracted interest from investors due to its successes in space and satellite technology.
Key Facts
SpaceX is preparing for an IPO, potentially in June or July.
The IPO is expected to raise approximately $75 billion.
SpaceX is currently the most valuable privately held company in the world.
Elon Musk's vision for SpaceX includes ambitious goals like moon bases and Mars missions.
SpaceX merged with the AI firm xAI in February.
Starlink, part of SpaceX, is the largest satellite communications service globally.
SpaceX's IPO could potentially increase its valuation to nearly $1.5 trillion.
The proposed public offering might surpass the previous largest IPO by Saudi Aramco in 2019.
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At the Women's Global Impact Forum 2026, leaders from various industries, including finance, healthcare, infrastructure, and paint, discussed strategies for decision-making in uncertain situations. They emphasized different skills important for leadership, such as storytelling, language, and influence management.
Key Facts
The event took place at the Women's Global Impact Forum 2026 in Los Angeles.
Leaders from finance, healthcare, infrastructure, and paint industries participated.
Megan Selby, former president of BEHR Paint Company, was a panelist.
The discussion focused on making decisions with limited information.
Panelists highlighted important leadership skills: storytelling, language use, self-awareness, and influence management.
Megan Selby stressed the importance of influence management to lead effectively.
The forum aimed to share advice on handling risks and changes in business.
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Stock markets around the world are rising, and oil prices are going down as people hope the war with Iran might end soon. However, there are mixed signals about these hopes, and previous positive market reactions have been disrupted by ongoing conflict.
Key Facts
Global stock markets saw significant gains on Wednesday.
Oil prices are dropping amid discussions of a possible end to the Iran war.
The S&P 500 index in the U.S. rose by 0.7%.
The S&P 500 had one of its best days since last spring on Tuesday before continuing to climb on Wednesday.
Stock markets in Europe and Asia also rose, showing bigger gains than U.S. markets.
South Korea's stock market surged by 8.4%, reacting to Wall Street's positive movement.
There are conflicting reports and signals about the end of the Iran war despite market optimism.
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Federal regulators have approved a new weight-loss pill made by Eli Lilly. The Food and Drug Administration (FDA) gave quick approval to the pill, called orforglipron, which helps people control their appetite and feel full.
Key Facts
The FDA approved a new weight-loss pill from Eli Lilly.
The pill is named orforglipron.
It is the second daily oral medication approved for obesity.
Orforglipron is a GLP-1 drug.
GLP-1 drugs mimic a natural hormone in the body.
This hormone helps control appetite and feelings of fullness.
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Hershey plans to switch back to using original recipes for Reese's products starting in 2027 after criticism for using cheaper ingredients. The company will also make changes to other products, like Kit-Kat, and increase research funding.
Key Facts
Hershey will return to original recipes for Reese's chocolates in 2027.
The change comes after Brad Reese, the founder's grandson, criticized the use of cheaper ingredients.
Reese's Peanut Butter Cups will use real milk and dark chocolate.
Some products, like mini Easter eggs, had been using a less chocolatey coating.
Hershey plans to use natural colors in its products.
The company is changing the Kit-Kat recipe to make it creamier.
Hershey will increase its research and development budget by 25% next year.
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Anastasia Soare, founder of the cosmetics company Anastasia Beverly Hills, discussed her journey from Romania to the United States and how she built a successful $500 million brand. She spoke about the importance of adaptability and resilience in entrepreneurship at Newsweek’s Women’s Global Impact Forum 2026.
Key Facts
Anastasia Soare is the founder and CEO of Anastasia Beverly Hills.
She moved from Romania to the U.S. and faced many challenges.
Soare built a cosmetics company valued at over $500 million.
She believes being adaptable is key to entrepreneurship.
Soare spoke about her experiences at the Women’s Global Impact Forum 2026.
The event took place at the London West Hollywood in Los Angeles.
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Chime is dealing with a major service outage in the United States. Many users cannot log in, check their balances, or use the mobile app effectively. Chime is aware of the problem and working on a fix, but some services like debit card and ATM transactions remain available.
Key Facts
Chime is experiencing a widespread outage affecting users in the U.S.
Problems include difficulties logging in, accessing balances, and using the app.
Chime confirmed the issue on their status page and is investigating the problem.
Debit card purchases and ATM transactions are still functioning normally.
Chime assured users that their money and personal information are safe.
Engineers are actively working to solve the issue, but no resolution time is given.
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Mercedes-Benz is thinking about suing the U.S. government to get back money spent on tariffs set by President Trump under the International Emergency Economic Powers Act. The U.S. Supreme Court recently struck down these tariffs, allowing companies to seek refunds. Mercedes is also planning to invest heavily in its U.S. operations, especially in Alabama.
Key Facts
Mercedes-Benz is considering a lawsuit against the U.S. government to recover tariff payments.
The U.S. Supreme Court struck down these tariffs on February 20, 2026.
Over 1,000 companies have already filed similar lawsuits.
The government collected $133 billion in tariffs before the court's decision.
U.S. Customs and Border Protection has a process in place for refunding the tariffs.
Mercedes plans to invest more than $7 billion in U.S. operations by 2030.
The company will build its GLC SUV in Alabama, aiming to reduce delivery times.
Mercedes has produced 5 million vehicles at its Alabama site in 30 years.
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Epic Games recently laid off over 1,000 workers, including Mike Prinke, who is battling terminal brain cancer. This termination resulted in the loss of the family's health and life insurance, causing financial difficulties. The company is working with the family to address the situation.
Key Facts
Epic Games laid off more than 1,000 workers recently.
Mike Prinke, laid off from Epic Games, is dealing with terminal brain cancer.
The layoff caused Prinke and his family to lose health and life insurance.
Life insurance policies are often part of job benefits.
Prinke's family faces financial challenges for his care and future expenses.
Epic Games CEO Tim Sweeney said the layoffs were due to lower revenue from Fortnite.
Epic Games is in contact with Prinke's family to resolve the insurance issue.
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Travelodge's CEO Jo Boydell received an email from a sexual assault victim regarding an incident where the attacker gained access to her hotel room using a key card. Boydell claimed she only learned about the assault during the attacker's trial, despite the victim emailing shortly after the event. Following the incident, Travelodge has changed its security policies and is conducting an independent review.
Key Facts
Travelodge CEO Jo Boydell was emailed by a sexual assault victim shortly after the incident in December 2022.
The assault occurred when Kyran Smith entered the victim's room after misleading hotel staff that he was her boyfriend.
Smith was sentenced to seven-and-a-half years in jail for the assault.
Boydell initially claimed she became aware of the incident during Smith's trial in November 2025.
The victim stated in an email that she was in shock and detailed what happened to her.
Travelodge has since reviewed and changed its policies for room security and key card issuance.
An independent review of the incident and the company's handling of it is underway.
Nearly 100 MPs and the prime minister have asked Boydell to discuss the incident and improve company safety.
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New U.S. banking rules have started that reduce the capital banks must hold. The change aims to ease rules and make more money available for loans, but some worry it could increase financial risks for large banks.
Key Facts
The rule changes focus on the largest U.S. banks, including JPMorgan Chase, Bank of America, and Goldman Sachs.
These changes could reduce bank capital by $219 billion, as noted by Federal Reserve Governor Michael Barr.
The rules aim to lower capital requirements, which are amounts banks must keep to handle unexpected losses.
Some regulators believe that easing these requirements might support more loans for consumers.
Despite the rule changes, tight lending standards mean banks might not quickly increase lending.
Federal Reserve Chair Jerome Powell mentioned that existing capital rules have made banks stronger since the financial crisis.
Regulators are accepting feedback on further changes that might lower bank capital even more until June 18.
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Jamie Dimon, CEO of JPMorgan Chase, discussed various topics in an interview, including his thoughts on President Donald Trump, the Iran war, and his plans after his CEO role. Dimon also talked about why he won't run for office and shared his interest in starting a media company. He criticized past government inaction regarding Jeffrey Epstein and discussed JPMorgan's settlement related to Epstein.
Key Facts
Jamie Dimon is the CEO of JPMorgan Chase.
Dimon spoke out against criticism of the Iran war, saying Iran has threatened the U.S. for years.
He was careful not to criticize President Trump directly but noted some heavy-handed actions.
Dimon does not plan to run for president, calling it a "quixotic" idea.
He blamed the federal government for inaction against Jeffrey Epstein, who abused young women.
JPMorgan had Epstein as a client until 2013 and settled a case with victims for $290 million in 2023.
Dimon plans to remain at JPMorgan as executive chairman after stepping down as CEO.
He expressed interest in starting a media company to influence policies through information.
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New data shows that American consumers are continuing to spend, with retail sales and private employment both increasing. However, higher gas prices and stock market instability could challenge consumer spending in the coming months.
Key Facts
Retail sales increased by 0.6% in February.
Core control sales, which impact GDP, rose by 0.5%.
Private employment saw an increase of 62,000 jobs in March.
Manufacturing activity grew for the third month in a row, according to the Institute for Supply Management.
Scottish political leaders are calling for changes to business rates after a company in Glasgow reported a significant tax increase, forcing it to consider staff cuts. The Scottish government has introduced transitional relief to help businesses adjust to new rates, but many companies still face rising costs. The rise in business rates comes alongside increased energy costs and other expenses, affecting businesses across Scotland.
Key Facts
Scottish leaders are asking for a change to business rates.
A Glasgow company, Wunderbar, faces a tax increase from £111,000 to £645,000.
Wunderbar may have to cut staff because of this tax increase.
The Scottish government provides over £900 million in transitional relief.
New rateable values for properties in Scotland started on April 1.
The rising costs include energy bills and fuel prices.
Some relief measures are available for small businesses and certain locations.
The Scottish Retail Consortium says Scottish medium and large shops will pay more than those in England.
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Airlines around the world are increasing ticket prices and reducing flight schedules due to a sharp rise in jet fuel costs. The increase in fuel prices is mainly linked to higher crude oil prices caused by a conflict involving the U.S., Israel, and Iran.
Key Facts
Average global jet fuel prices increased to $197 per barrel by March 20, up from $157.41 two weeks earlier.
Brent crude oil prices reached $119 per barrel during the week.
Cathay Pacific and Air France-KLM are adding surcharges to tickets for long-haul flights.
Air New Zealand raised domestic flight prices by 10 New Zealand dollars and long-haul flights by 90 New Zealand dollars.
United Airlines plans to cancel 5% of its scheduled flights to manage costs.
SAS canceled 1,000 flights in April and expects more reductions after Easter.
Airlines like AirAsia are raising fares but trying to minimize the increase.
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Warren Buffett warned about the potential global impact of changes in the U.S. dollar and expressed concerns about the Federal Reserve's policies. He discussed the challenges faced by the Fed, especially its role in managing inflation and keeping the U.S. dollar stable.
Key Facts
Warren Buffett spoke about the U.S. dollar at CNBC's Squawk Box.
The U.S. dollar is the world's reserve currency, used widely in global trade.
In early 2025, the dollar reached its lowest value in four years.
The Federal Reserve set its interest rates between 3.5% and 3.75% in March.
Buffett prefers a zero inflation target instead of the Fed's 2% target.
He expressed concerns about the long-term effects of allowing 2% inflation.
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JetBlue has increased its checked baggage fees due to rising fuel costs linked to the ongoing conflict in Iran. The new fees affect domestic flights, especially during peak travel periods. This adjustment aims to manage increased operating costs while keeping flight ticket prices competitive.
Key Facts
JetBlue's first checked bag fee rose from $35 to $39 for most domestic flights.
During peak travel times, the fee for a first checked bag is now $49.
A second checked bag now costs $59 off-peak and $69 during peak times.
If bags are checked within 24 hours before departure, an additional $10 fee applies.
Fuel prices have increased sharply due to the conflict in Iran, impacting overall airline costs.
JetBlue carries more than 40 million passengers annually to the U.S., Caribbean, and Latin America.
Some passengers, like loyalty program members, can still check a first bag free of charge.
The Iran conflict has disrupted oil flow through the Strait of Hormuz, a key oil route, affecting global fuel prices.
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