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Altimeter Capital founder, Chairman and CEO Brad Gerstner discusses the benefits of Trump Accounts for kids on Mornings with Maria. The IRS and Treasury Department on Friday put forward new proposed rules and processes that cover the implementation of Trump Accounts for parents and guardians who want to use the savings accounts for their children. Trump Accounts were created under the One Big Beautiful Bill Act that was enacted last year and is expected to open for contributions after July 4, 2026. Ahead of the official launch of the accounts – which may be opened for children born between Jan. 1,…

The US war with Iran has hit stocks as it continues to push oil prices up, threatening to spur higher inflation. However, one economic research firm says fears of a sustained rise in consumer prices tied to rising oil prices are overblown. Oil prices are up about 50% since mid-February as US and Israeli strikes on Iran have disrupted global oil supplies, with Iran closing the Strait of Hormuz, a critical shipping route for oil and other energy commodities. As a result, US consumers can soon expect gas prices to rise to around $4 per gallon, up from $3 at…

Signs are seen at the Live Nation NYC headquarters on May 23, 2024 in New York City. Michael M. Santiago | Getty ImagesLive Nation Entertainment has reached a settlement with the Department of Justice over antitrust concerns surrounding its Ticketmaster platform, a senior DOJ official said Monday.The settlement would see Ticketmaster unwind some of its exclusivity agreements with musical artists and open up the ticketing industry to greater competition. It still needs approval by more than 20 states that had filed suit and by the court. As part of the settlement, Ticketmaster will offer a standalone third-party ticketing system for other…

2026-03-09T14:43:32.243Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. After spending most of my life in the US, I moved to the English countryside five years ago. I expected a culture shift, but I didn’t realize that even small talk would look different here. I wish I’d known that many groceries here tend to expire faster and that…

Oil prices hit their highest level in nearly four years amid energy disruptions stemming from the Iran war, and history holds some clues about how that will impact markets and the economy. Brent crude oil jumped above the $100 mark on Sunday night and continued to edge up on Monday. It’s the highest oil has been in nearly four years, since shortly after Russia invaded Ukraine.Bank of America analysts explained why oil hitting triple digits threatens their inflation outlook, and said that the main takeaway for markets from previous episodes is that duration is the most important factor of any…

After a two-week trip in 2015, my husband and I came home completely hooked on Japan.Reliability was the baseline; trains ran with a clockwork precision that transformed the daily commute into an exercise in discovery. We fell for the profound sense of safety that allowed small children to navigate the streets alone, the atmosphere of the neighborhood shrines, and the level of public order that made everything back home feel chaotic by comparison.What began as a simple holiday evolved into a total life reset that would take over the next eight years of our lives. We decided Japan wasn’t just…

When the economy is uncertain, CEOs often reach for a familiar lever: job cuts.And things are feeling far from certain these days.January layoffs were the biggest for the start of a year since 2009, during the Great Recession, the outplacement firm Challenger, Gray & Christmas reported last week. The Labor Department on Friday also announced a surprise drop in employment in February.Everywhere business leaders look, they see question marks: about the economy, tariff policy, congressional elections, the impact of AI, and global conflict.A lack of clarity in business is nothing new, yet sometimes the fog grows thicker. When it does,…

Saul Van Beurden has a folder on his phone labeled “productivity.” He’s constantly consulting the many AI apps that live there, whether sitting in his 60th-floor office in Hudson Yards or in front of his broken laundry machine. Loading audio narration… Van Beurden, who was named Wells Fargo’s head of AI in November, is betting the technology will catapult the major retail bank forward after the Federal Reserve lifted its $1.95 trillion asset cap last summer. Some growth is already starting: the bank opened almost three million new credit card accounts and refurbished 700 branches, with plans to upgrade more.…

Trade jobs like plumbing are supposed to be among the hardest for AI to replace. Loading audio narration… For Ania Smith, the CEO of Taskrabbit, that’s good news.Taskrabbit, founded in 2008 by Leah Solivan, is a platform where gig workers can offer their services for a variety of tasks, from mounting a TV to repairing kitchen appliances.It’s growing fast — and Smith sees AI supercharging the platform by providing it with more “taskers” who can do physical jobs that are harder for AI, and by improving how Taskrabbit’s marketplace works.Taskrabbit’s revenue has grown by a factor of five over the past…

Protesters hold signs saying “COUNT ME IN” at a 2019 rally against the Trump administration’s push for a census citizenship question outside the U.S. Supreme Court in Washington, D.C. Win McNamee/Getty Images hide caption toggle caption Win McNamee/Getty Images A next potential front in the redistricting war could involve who is counted for state legislative districts. For decades, mapmakers have generally drawn the districts that state lawmakers represent based on the total number of people living in an area. But Republican officials in some states have called for using a narrower population: only “eligible voters.” Some advocates of this form…