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Business news, market updates, and economic developments

OnlyFans Owner Leonid Radvinsky Dies at 43

OnlyFans Owner Leonid Radvinsky Dies at 43

March 23, 2026 • Newsweek

Summary

Leonid Radvinsky, owner of the platform OnlyFans, has died at the age of 43 due to cancer. Radvinsky was a key figure in the company, holding the position of director and main shareholder since acquiring the parent company, Fenix International Limited, in 2018.

Key Facts

  • Leonid Radvinsky passed away at 43 after a long fight with cancer.
  • He was the owner of OnlyFans, a content-sharing platform.
  • Radvinsky was the majority shareholder and director since 2018.
  • He founded a venture capital fund called Leo in 2009, focusing on tech investments.
  • OnlyFans was considering a major sale in January 2026, valuing the company at about $5.5 billion.
  • He acquired Fenix International, the company's parent, two years after OnlyFans was established by Guy and Tim Stokely.
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Disney Actress Calls To Boycott Alaska Air Over First-Class Flight Drama

Disney Actress Calls To Boycott Alaska Air Over First-Class Flight Drama

March 23, 2026 • Newsweek

Summary

Brenda Song, a former Disney Channel actress, criticized Alaska Airlines for reassigning her family's first-class seats without warning, causing her to be separated from her young children during a flight. The airline issued an apology for the incident and promised to reach out to Song's family to address the issue.

Key Facts

  • Brenda Song accused Alaska Airlines of changing her family's seats without notice.
  • The seat changes resulted in Song being separated from her 3 and 4-year-old children.
  • Song had booked first-class tickets for the flight about six months in advance.
  • Song publicly shared her experience on social media, leading to a wide reaction.
  • Alaska Airlines apologized and said the situation did not reflect their usual service.
  • The airline stated they would contact Song's family to make things right.
  • Song's fiancé, actor Macaulay Culkin, supported her by reposting her message.
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Ryan Gosling's Project Hail Mary becomes 2026's biggest box office debut

Ryan Gosling's Project Hail Mary becomes 2026's biggest box office debut

March 23, 2026 • BBC Top Stories

Summary

Ryan Gosling's movie "Project Hail Mary" made $140.9 million at the box office, becoming the biggest debut of 2026. This movie, directed by Phil Lord and Christopher Miller, is based on a novel by Andy Weir and has done better than some other big films this year.

Key Facts

  • "Project Hail Mary" earned $140.9 million globally, the highest debut of 2026 so far.
  • Ryan Gosling stars as a science teacher trying to save the world.
  • The movie is directed by Phil Lord and Christopher Miller, known for "21 Jump Street" and "The Lego Movie."
  • It is based on Andy Weir's novel, who also wrote "The Martian."
  • The film is a significant success for Amazon MGM Studios.
  • The movie is one of the top non-sequel and non-franchise films to earn over $50 million overseas since the pandemic.
  • "Project Hail Mary" had a production budget of $200 million.
  • The movie is Amazon MGM's first major commercial hit since acquiring MGM.
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BBC Top Stories
Man Scores Costco Deal He ‘Couldn’t Walk Away From’—Why it Keeps Selling Out

Man Scores Costco Deal He ‘Couldn’t Walk Away From’—Why it Keeps Selling Out

March 23, 2026 • Newsweek

Summary

A Costco shopper found a heavily discounted towel warmer, which led to a surge of interest in the product. The towel warmer, originally priced at $89.99, was bought for $19.97, encouraging others to consider similar deals and highlighting a trend in buying small comfort upgrades for the home.

Key Facts

  • A Costco shopper bought a HoMedics Luxe XL towel warmer for $19.97, originally priced at $89.99.
  • The Reddit post about the purchase gained attention, with users discussing the product's benefits.
  • Towel warmers have become popular for their versatility and low operating costs.
  • These devices can dry clothes, warm blankets, and add heat to rooms, beyond just warming towels.
  • The trend shows increasing interest in affordable home upgrades that enhance comfort.
  • Limited availability and large discounts drive quick sales of such items.
  • Similar towel warmers are available online, with different models and prices.
  • Newsweek contacted the Reddit user for more details but couldn't verify the full story.
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Trader Joe's To Launch New Tote Bag

Trader Joe's To Launch New Tote Bag

March 23, 2026 • Newsweek

Summary

Trader Joe's announced it will release a new canvas tote bag with lavender handles and a pink logo for $3.99, available in stores nationwide starting March 23. The new tote is similar in size to their existing blue bag and will be available for a limited time. The company also plans to rerelease their "Mini Pastel" tote range in mid-March.

Key Facts

  • Trader Joe's is launching a new tote bag with lavender handles and a pink logo.
  • The tote bag will cost $3.99.
  • The bag will be available nationwide starting March 23.
  • This tote is a limited-time product, with availability varying by store.
  • Trader Joe's is also bringing back the "Mini Pastel" totes in mid-March.
  • The "Mini Pastel" bags will cost $2.99 each and come in light blue, light pink, lilac, and mint green.
  • Trader Joe's tote bags have become popular collectibles and are sometimes resold at higher prices.
  • The company opposes the reselling of its bags, aiming to limit this practice.
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Newsweek
Target Changes Dress Code After Charlie Kirk Shirt Clash

Target Changes Dress Code After Charlie Kirk Shirt Clash

March 23, 2026 • Newsweek

Summary

Target is changing its employee dress code to make store workers more recognizable to customers. Employees will now wear plain red shirts with blue jeans or khakis at all U.S. stores. This change comes after an incident involving a T-shirt worn by an employee, but the company has not directly connected the two events.

Key Facts

  • Target will require employees to wear plain red shirts and blue jeans or khakis.
  • The dress code change affects Target's nearly 2,000 U.S. stores.
  • Previously, employees had more flexibility with red tops and non-blue denim.
  • The change is part of Target’s efforts to improve customer experience.
  • The announcement follows an incident involving a politically charged T-shirt.
  • Target has not publicly linked the new dress code to the incident.
  • Dress code enforcement has varied by store location in the past.
  • Target was founded in 1962 and is based in Minneapolis.
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Newsweek
Woman Books Flight—Shock at What She Finds Instead: ‘Wasn’t Clicking’

Woman Books Flight—Shock at What She Finds Instead: ‘Wasn’t Clicking’

March 23, 2026 • Newsweek

Summary

A woman booked what she thought was a flight with American Airlines but ended up on a bus that took her to her destination instead of a plane. American Airlines offers a service called Landline, which connects smaller regional airports to major hubs with buses instead of short flights.

Key Facts

  • A woman thought she booked a flight but was placed on a bus for her journey.
  • The incident was shared on TikTok by user Kennedy (@thekennedysimone_).
  • American Airlines has a service called Landline that uses buses instead of short flights.
  • Passengers go through TSA screening and board at airport gates before traveling by road.
  • These buses connect smaller airports to major hubs like Philadelphia International Airport.
  • The buses offer amenities like Wi-Fi and seats similar to premium airline cabins.
  • Landline service aims to streamline operations and reduce costs by replacing some flights with ground transportation.
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HS2 train speeds could be cut to save money

HS2 train speeds could be cut to save money

March 23, 2026 • BBC Business

Summary

The HS2 high-speed railway project, linking London to Birmingham, may have its train speeds reduced to cut costs. The project has faced delays and increased expenses, and Transport Secretary Heidi Alexander is considering options to save time and money, including operating trains at lower speeds than originally planned.

Key Facts

  • The HS2 train project is experiencing cost overruns and delays.
  • The government might ask to reduce train speeds to cut costs.
  • The original plan for HS2 trains was to run at speeds up to 360km/h (224mph).
  • Reducing speeds could help avoid further delays and additional costs.
  • HS2 trains may need to be tested in China if speeds are not reduced.
  • Mark Wild is working to reset the project's timeline and budget.
  • The project was initially meant to connect London with Leeds and Manchester, but sections north of Birmingham were cancelled.
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Porridge recalled over mouse contamination fears

Porridge recalled over mouse contamination fears

March 23, 2026 • BBC Business

Summary

Moma Foods has recalled some of its porridge products from stores due to potential mouse contamination at a manufacturing site. The Food Standards Agency advised consumers not to eat the affected products and to return them for a refund. The recall involves various flavors and pack sizes of porridge pots and sachets.

Key Facts

  • Moma Foods recalled porridge due to possible mouse contamination.
  • The recall affects nine products, including Almond Butter & Salted Caramel and Apple, Cinnamon & Brown Sugar flavors.
  • The Food Standards Agency issued an alert about the safety risk.
  • Affected products should not be eaten and can be returned for a refund.
  • Moma Foods also produces oat milk, but it is not part of this recall.
  • Moma was founded in 2006 and was acquired by AG Barr in 2022.
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Here’s Why Millions of Americans Are Unable To Sell Their Homes

Here’s Why Millions of Americans Are Unable To Sell Their Homes

March 23, 2026 • Newsweek

Summary

Many Americans struggle to sell their homes due to high mortgage rates and economic challenges. People who locked in low interest rates during the COVID-19 pandemic are reluctant to sell because new loans would be much more expensive. The situation results in fewer home sales and longer times on the market.

Key Facts

  • The U.S. housing market is seeing longer selling times, with homes spending 63 days on average on the market in March 2026.
  • Mortgage rates have increased significantly from pandemic lows, affecting homeowners’ decisions to move.
  • During the pandemic, many secured low mortgage rates around 2.65%; current rates are about 6.11%.
  • The change in interest rates means a significantly higher monthly payment for those who sell and buy new homes.
  • Home sales fell by 1.3% compared to the previous year, indicating a market slowdown.
  • Around 73% of homeowners would consider moving if they could keep their current mortgage rate.
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The cutthroat battle for the US weight-loss drug market

The cutthroat battle for the US weight-loss drug market

March 23, 2026 • BBC World

Summary

The U.S. weight-loss drug market is experiencing intense competition as companies lower prices and target consumers directly due to limited insurance coverage. Manufacturers like Eli Lilly have reduced drug prices, and direct-to-consumer sales strategies aim to address high prescription costs in the U.S.

Key Facts

  • Ruth Gonzalez spends $350 monthly on the weight-loss drug Zepbound, managing costs due to lack of insurance coverage.
  • Eli Lilly cut the price of Zepbound, allowing patients to afford more potent doses.
  • The U.S. obesity rate is about 40%, making the weight-loss drug market lucrative.
  • Many insurers refuse to cover GLP-1 weight-loss drugs for weight-only treatment, leaving patients to self-pay.
  • Companies sell directly to consumers using sales websites and partnerships with retailers like Walmart.
  • Starting doses of Wegovy and Zepbound have significantly reduced prices since launch.
  • The direct-to-consumer model is highlighted as a potential method to decrease drug costs in the U.S.
  • President Trump supports direct-to-consumer sales and launched TrumpRx, a site connecting consumers with manufacturers.
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'We can't justify a £52 lunch': Middle-income families cut back on days out

'We can't justify a £52 lunch': Middle-income families cut back on days out

March 23, 2026 • BBC Business

Summary

Middle-income families in the UK are finding it difficult to afford days out due to rising costs. Many households are cutting back on meals and activities as they struggle with the increasing cost of living.

Key Facts

  • The Osborne family, earning close to the UK average income, finds it hard to justify the cost of family outings.
  • A lunch for the family of four at Costa Coffee costs £51.89.
  • A visit to the aquarium and a laser quest game for the family adds up to another £68.50.
  • Total cost for the Osborne’s day out amounts to £120.39.
  • The George family spends £212.50 for a meal and bowling, considering it as costly as one or two weeks of groceries.
  • Costa Coffee reported a financial loss of £13.5 million in 2024.
  • The UK economy showed no growth in January, with a specific decline of 2.7% in restaurant services.
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BTS agency shares drop after comeback show turnout falls short

BTS agency shares drop after comeback show turnout falls short

March 23, 2026 • BBC Business

Summary

Shares of Hybe, the company behind the K-pop group BTS, fell sharply after fewer fans attended the band’s comeback concert than expected. The concert in Seoul attracted about 104,000 fans, much less than the anticipated 250,000, leading to a nearly 15% drop in Hybe's stock value.

Key Facts

  • Hybe's shares dropped by almost 15% after the BTS concert.
  • The concert in Seoul had about 104,000 attendees, which was below expectations.
  • All seven BTS members performed together for the first time since 2022.
  • The event began their sold-out, 82-date world tour and was live-streamed on Netflix.
  • The concert highlighted songs from their new album, "Arirang," which sold 3.98 million copies on its first day.
  • K-pop has become more popular globally since BTS's last tour ended in 2019.
  • BTS faces competition from groups like Blackpink and Seventeen.
  • Hybe's operating profit had decreased during BTS's hiatus.
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Germany has a shortage of workers - so it's turning to India for help

Germany has a shortage of workers - so it's turning to India for help

March 23, 2026 • BBC World

Summary

Germany faces a shortage of skilled workers as more elderly workers retire. The country is looking to India to fill these gaps by recruiting young Indian workers in various skilled trades. Programs and agreements between the two countries are helping bring more Indian workers to Germany.

Key Facts

  • Germany is experiencing a shortage of skilled workers due to many older workers retiring and not enough young people to replace them.
  • The Freiburg Chamber of Skilled Crafts received an email from an Indian employment agency offering vocational training candidates.
  • Germany needs about 288,000 foreign workers annually to prevent a 10% reduction in its workforce by 2040.
  • Magic Billion, an employment agency in India, assisted in recruiting young Indians for apprenticeships in Germany.
  • In 2022, 13 young Indian workers arrived in Germany to train as butchers, and the number has now grown to 200.
  • A 2022 Migration and Mobility Partnership Agreement between Germany and India makes it easier for skilled Indian workers to move to Germany.
  • Germany plans to increase the skilled work visa quota for Indian citizens from 20,000 annually, promoting more workforce mobility.
  • India has a significant labor surplus with 600 million people under 25 and only 12 million entering the workforce each year.
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Potential sites for Labour's 'new towns' cut to seven

Potential sites for Labour's 'new towns' cut to seven

March 22, 2026 • BBC Top Stories

Summary

The UK government is looking at creating new towns in England as part of a housing development plan. Seven potential sites have been chosen for further consideration, while six other possible locations have been deprioritized. The government aims to start building on three of these sites before the next general election in 2029.

Key Facts

  • The UK housing department has selected seven sites in England for new town developments.
  • The locations are Tempsford, Leeds South Bank, Crews Hill and Chase Park, Manchester Victoria North, Thamesmead, Brabazon, and a site in Milton Keynes.
  • Six other sites, including one in Cheshire, have been deprioritized from consideration.
  • Labour ministers aim to begin construction on three sites before the 2029 general election.
  • The government's goal is to build 1.5 million new homes in England by the next election.
  • Locations that are not progressing may still receive support from other government programs.
  • Each new town could provide between 10,000 and 40,000 homes.
  • The project will receive financial support from an affordable housing fund and a new investment agency, though final budgets are not yet set.
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Why the Iran War Should Not Cause Higher Gas Prices in the US | Opinion

Why the Iran War Should Not Cause Higher Gas Prices in the US | Opinion

March 22, 2026 • Newsweek

Summary

The closure of the Strait of Hormuz by the Iranian IRGC is attempting to pressure the U.S. through increased gas prices. Despite this, the U.S. does not rely heavily on oil from this passage and is a net exporter of oil. Therefore, current U.S. gas price hikes seem unnecessary and largely benefit oil companies' profits.

Key Facts

  • The Iranian IRGC has closed the Strait of Hormuz, impacting oil shipment routes.
  • Most oil shipped through the Strait goes to Asia, with little destined for the U.S.
  • The U.S. is a net exporter of oil and has enough production to meet its needs.
  • International oil price increases have led to domestic gas price hikes in the U.S.
  • U.S. oil companies have increased prices despite unchanged production costs.
  • American oil companies argue that prices are set in global markets, a view dating back to when the U.S. relied on oil imports.
  • The majority of oil produced in the U.S. is "light" oil; the U.S. trades some of this for "heavy" oil, mainly from Canada and Mexico.
  • There is no direct reason for U.S. gas prices to rise due to the Strait closure.
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Biotech Stocks and Longevity Investing: Trends To Track

Biotech Stocks and Longevity Investing: Trends To Track

March 22, 2026 • Newsweek

Summary

In 2025, biotechnology stocks significantly outperformed the broader market after years of underwhelming performance. The boost in biotech was driven by increased private investment, significant merger activities, and the growing need for age-related treatments due to a rising elderly population.

Key Facts

  • Biotech stock indexes returned between 28% and 36% in 2025, while the S&P 500 returned about 18%.
  • Private investment in longevity research doubled in 2025, reaching $8.49 billion.
  • The FDA approved 50 new drugs in 2024 and 46 in 2025, with some aimed at increasing lifespan.
  • Big pharmaceutical companies spent over $65 billion acquiring biotech firms by October 2025.
  • The global population aged 60 and older is expected to reach 1.4 billion by 2030, with those aged 80 and older nearly tripling by 2050.
  • Clinical-stage biotech stocks saw the highest returns, with some funds gaining almost 64%.
  • Biopharma companies face a patent cliff, risking over $300 billion in branded drug revenue due to upcoming patent expirations.
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Five Guys Change Sparks Customer Backlash

Five Guys Change Sparks Customer Backlash

March 22, 2026 • Newsweek

Summary

Five Guys announced it will replace its fry cups with paper bags to keep fries fresher and be more environmentally friendly. The change has led to customer complaints about portion sizes and grease issues with the new bags, but the company says serving sizes remain the same.

Key Facts

  • Five Guys is replacing its fry cups with biodegradable paper bags.
  • The company says the change aims to keep fries fresher, especially for takeout and delivery.
  • Customers have complained that the paper bags soak up grease, leading to leaks.
  • Many customers think they are receiving smaller portions in the new bags.
  • Five Guys insists that the portion sizes have not changed.
  • The new bags are designed to be environmentally friendly and reduce waste.
  • Five Guys plans to continue using the paper bags despite customer complaints.
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Energy bills rise 'inescapable' if prices stay high, says British Gas boss

Energy bills rise 'inescapable' if prices stay high, says British Gas boss

March 22, 2026 • BBC Business

Summary

The chief executive of Centrica, which owns British Gas, stated that energy bills in the UK could increase significantly if oil prices remain high due to the Iran conflict. The possible increase is linked to the disruption in oil supply caused by the halted passage through the Strait of Hormuz, while gas supply is less affected.

Key Facts

  • Chris O'Shea is the chief executive of Centrica, which owns British Gas.
  • He said household energy bills would likely rise if oil prices stay high because of the Iran conflict.
  • The ongoing conflict has caused oil prices to rise by 45%, reaching $106 a barrel.
  • The Strait of Hormuz, a crucial route for 20% of the world's oil, is effectively closed, impacting oil supply.
  • Only 3-4% of global gas supply is affected, so the impact on electricity bills may be smaller.
  • A forecast suggests energy bills in England, Scotland, and Wales could increase by £332 in July.
  • The UK government is discussing measures to address the war's impact on the cost of living.
  • Housing Secretary Steve Reed mentioned a £53m support package for those struggling with heating costs.
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Americans Spend an Alarmingly More Time Doing This Household Chore Than on Financial Planning

Americans Spend an Alarmingly More Time Doing This Household Chore Than on Financial Planning

March 22, 2026 • Newsweek

Summary

Americans spend very little time on financial planning, averaging less than two minutes per day. Many people only engage in financial planning during stressful events, like an unexpected bill. This trend has been declining over two decades.

Key Facts

  • Americans spend less than two minutes each day on financial tasks like budgeting or saving.
  • People spend 13 times more time cleaning their homes than on financial planning.
  • Only 2.7% of Americans engage in any financial planning on a typical day.
  • Financial planning typically averages about 1 hour among those who partake, but overall averages less due to many not participating at all.
  • The percentage of Americans doing financial planning daily has dropped from 4.7% in 2004 to 2.7% in 2024.
  • Many Americans, nearly 25%, only plan their finances during crises such as unexpected expenses.
  • Engagement in professional financial services has also decreased over the years.
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