Conference Board Confidence Unexpectedly Jumped Amid War In March

TSA Suddenly Suspends PreCheck, Global Entry As DHS Shutdown Continues Update (1200ET): It appears the potential blowback from shutting PreCheck and Global Entry was just too much to bear as Jake Sherman reports the Trump admin has reverted back to normal on PreCheck but has adjusted its policy in response to the govt shutdown. "At this time, TSA PreCheck remains operational with no change for the traveling public. As staffing constraints arise, TSA will evaluate on a case by case basis and adjust operations accordingly. Courtesy escorts, such as those for...

Oil Rises After MidEast Attacks Spread And Escalate, Stoking Supply Fears Summary Several more tankers attacked in Strait Of Hormuz IRGC claims it has complete control over the Strait of Hormuz The Houthis have carried out yet another attack on Riyadh's international airport IEA urges more diesel releases as global market tightens President Trump said that Russia and Ukraine have agreed to an “energy ceasefire” effective immediately. Oil prices rose at this evening's futures open after renewed escalation of attacks by Iran and its proxies in the Middle East. WTI is pushing back up towards Friday's highs. This move...

Xbox Hit With 3,000 Layoffs After CEO Warns Business Is "Not Healthy" Xbox CEO Asha Sharma issued a dire warning to staff on Monday: "Our business today is not healthy. We must reset Xbox." Sharma's memo, first published on the Xbox website, announced cuts of 3,200 jobs tied to Microsoft's Xbox division, or equal to about 20% of staff, as deteriorating margins and disappointing Game Pass subscriptions have forced the unit into a major restructuring effort. The 3,200-job reduction will be split into two waves: the first 1,600 layoffs will begin...