Irwin Simon, who famously pivoted to legal weed after making a name for himself building an herbal tea empire, is expanding his company’s beer offerings.Tilray Brands, where he is CEO, recently snatched up UK-based BrewDog for a cool $53 million – a far cry from the $2 billion valuation it had at its peak.The deal marks the latest turnaround effort for Simon, who spent years running brands like Celestial Seasonings under the Hain Celestial Group before venturing into pot, beer and “wellness” foods. 5 Tilr ...

The Trump administration is moving to block new foreign-made internet routers from entering the US market, citing national security fears tied to Chinese brands like TP-Link.The Federal Communications Commission updated its “Covered List” on Monday to include all consumer-grade routers produced outside the United States, effectively barring new models from being approved for sale unless they pass a stringent national security review.Officials warned that “malicious actors have exploited security gaps in for ...

United Airlines’ top executive warned ticket prices could jump as much as 20% if oil stays elevated amid the Iran war.United CEO Scott Kirby told Bloomberg TV on Tuesday that the airline expects consumer backlash and reduced travel demand if ticket prices rise.“There will be less demand. There’ll be fewer people traveling as prices go up,” Kirby told Bloomberg TV on Tuesday. 3 United CEO Scott Kirby said higher oil prices could force ticket hikes. AFP via Getty Images“When airfares have to go up because o ...

JPMorgan Chase Chief Executive Jamie Dimon said on Tuesday he was “a little optimistic” about the long-term prospects for stability in the Middle East despite the short-term risks created by the war in the Gulf.The conflict, launched by the US and Israel against Iran on Feb. 28, has upended markets, sent oil prices soaring, fueled global inflation fears and convulsed the post-war Western alliance.Dimon, however, said the conflict had highlighted a shift in mentality within the region that could now create c ...

Epic Games said Tuesday it would cut more than 1,000 jobs after a drop in engagement for “Fortnite,” its flagship title, the latest cuts in the video-game industry whose growth has stalled amid economic uncertainty.The cuts, along with more than $500 million in savings from lower contracting and marketing spending and unfilled roles would put the company in “a more stable place,” Chief Executive Tim Sweeney said in a note to employees.The cuts are the latest in the gaming sector, where companies have faced ...

Over half a billion dollars in oil bets were placed just 15 minutes before President Trump announced Monday he was pausing plans to attack Iranian infrastructure, sending prices plunging.In a narrow window between 6:49 a.m. and 6:50 a.m. Eastern Time, about 6,200 Brent and West Texas Intermediate crude futures trades were placed — a burst of activity valued at about $580 million, according to the Financial Times.Around the same time, volumes in S&P 500 futures also spiked, with equity markets beginning to m ...

The jury in the social media addiction trial in Los Angeles told the judge on Monday it is having difficulty coming to a consensus with one defendant.The defendants are Google and Meta, but the jury did not specify which one it was referring to.Judge Carolyn B. Kuhl said the jury should reach a verdict if it can, adding that the case will have to be retried with a new set of jurors if it cannot reach an agreement.Meta CEO Mark Zuckerberg testified last month. Getty ImagesThe jury has been deliberating for o ...

Gold futures kept tumbling Monday despite President Trump’s halt on military strikes against Iran as investors continued to fret that the conflict could stall interest-rate cuts.Though Trump on Monday announced a five-day pause on plans to strike Iranian power plants following “productive” talks, gold futures on Monday dipped as low as $4,126 an ounce – their lowest price of 2026.By approximately 1:10 p.m. ET, gold futures were down 3.7% to $4,406.30 an ounce while silver futures traded roughly flat at $69. ...

A bipartisan Senate duo is introducing legislation that would prohibit prediction markets like Kalshi and Polymarket from letting people bet on sports and casino-style games.The bill set to be introduced Monday would bar any entity registered with the Commodity Futures Trading Commission from listing or facilitating transactions linked to sporting events or athletic competitions. It would also prohibit bets tied to casino-style games, including poker and blackjack.The legislation, co-sponsored by Sens. Adam ...

BlackRock CEO Larry Fink is warning that the push by countries around the world toward economic self-reliance carries a hefty price tag, while the AI boom threatens to worsen inequality.In his 2026 annual letter to shareholders, the head of the world’s largest asset manager addressed the hawkish pivot of global economies to bringing production back onshore.The 73-year-old money man said retreating from a borderless economy with tighter immigration policies and boosting domestic industries will require massi ...