FedEx plans to give refunds to its customers if it wins a lawsuit seeking repayment from the government for tariffs imposed under President Donald Trump's powers, which the Supreme Court recently invalidated. Various companies, including FedEx, have filed lawsuits to recover these tariffs, and the process may take a long time as it goes through the court system.
Key Facts
The Supreme Court ruled that President Trump overstepped his powers by imposing certain global tariffs.
FedEx has filed a lawsuit to get a refund for tariffs it paid, and it plans to pass this refund to customers if successful.
An estimated $175 billion in tariffs might have been collected unlawfully, leading many companies to seek refunds.
FedEx's lawsuit lists U.S. Customs and Border Protection as the defendant.
Several other companies have also filed lawsuits seeking refunds for the tariffs.
The process of refunding could be lengthy, as decisions are expected from lower courts in the future.
The U.S. Treasury has acknowledged its obligation to refund any unlawfully collected tariffs with interest.
Senate Democrats have proposed a bill to ensure small businesses get refunded for these tariffs.
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Ford Motor Company is recalling over 4.3 million vehicles due to a software issue that affects the Integrated Trailer Module in several models. This problem can lead to trailer brake lights and indicators not working, which could result in higher crash risks. Ford plans to fix this issue with a software update starting in May 2026.
Key Facts
Ford is recalling 4,380,609 vehicles because of a software issue.
The problem affects the Integrated Trailer Module, which can stop trailer brake lights and indicators from working.
The models affected include 2021-2026 Ford F-150, 2022-2026 Ford Expedition, and several others.
The issue may cause increased crash risks due to decreased vehicle visibility.
Ford will offer a free software update starting in May 2026 to fix the problem.
Owners can get the update over-the-air or visit a dealer for assistance.
No accidents, injuries, or fires have been reported due to this issue.
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Ford is recalling over 400,000 Explorer SUVs due to a problem with the suspension that can make the car harder to steer, increasing the risk of a crash. The affected models were made between 2017 and 2019, and owners will be contacted to get repairs done at no cost.
Key Facts
Ford has recalled 412,774 Explorer SUVs.
The recall is due to a suspension issue that can affect steering.
Models made between 2017 and 2019 are affected.
The problem involves parts known as cross-axis ball joints and rear suspension toe links.
Some vehicles showed signs of a part being seized, which could lead to fractures.
Ford received several reports of this issue affecting steering.
Two accidents possibly related to this issue have been reported, but no injuries.
Owners will be notified to bring vehicles in for free repairs.
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The UK government plans to approve a £1 billion deal to purchase military helicopters from Leonardo, the only specialist manufacturer in the UK. The company's factory in Somerset employs 3,000 people and risks closure without this contract. The decision aims to protect jobs and support the UK’s security and economic growth.
Key Facts
The UK government will approve a £1 billion helicopter contract with Leonardo.
Leonardo is the sole UK-based maker of military helicopters, located in Yeovil, Somerset.
This plant employs 3,000 people and would struggle if the deal was canceled.
The Chancellor and Prime Minister intervened to ensure the deal's approval.
The Chancellor emphasizes that security and economic growth are connected.
Leonardo's CEO warned that the company's future relies on this contract.
The decision had been delayed, causing uncertainty for the company.
The deal is part of broader considerations around increasing UK defense spending.
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The IRS allows people to deduct certain medical expenses on their tax returns if those expenses exceed 7.5% of their adjusted gross income (AGI). These deductions are only available if a person itemizes deductions instead of taking the standard deduction. Some surprising expenses that qualify for deductions include vision correction surgery and medically necessary wigs.
Key Facts
You can only deduct medical expenses on your tax return if you itemize deductions.
Only the portion of medical expenses that exceed 7.5% of your AGI can be deducted.
Common deductible expenses include prescription eyeglasses and dental care.
Some lesser-known deductible expenses include wigs and medical transportation.
Keep detailed receipts and proof that the expenses were medically necessary.
Acupuncture can be a tax-deductible expense if used for a medical purpose.
You need to claim qualified medical expenses on Schedule A (Form 1040) when filing taxes.
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Netflix decided not to buy Warner Bros after another company, Paramount Skydance, made a higher offer. President Trump and some Hollywood insiders were pleased because they had concerns about Netflix's influence and political ties.
Key Facts
Netflix backed out of buying Warner Bros after Paramount Skydance offered $111 billion.
President Trump and others in his circle opposed the Netflix deal.
Netflix's CEO met with U.S. government officials, indicating potential political concerns.
President Trump criticized a Netflix board member, Susan Rice, for her past political ties.
Some in Hollywood, like director James Cameron, also opposed Netflix's takeover.
There's a belief that Netflix's influence affects traditional cinema and political landscapes.
Netflix is seen by critics as having close ties to the Obamas through a production deal.
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Burger King is updating its Whopper burger with better packaging and ingredients, raising concerns it might lead to higher prices. The changes aim to improve the burger's quality and are rolling out in over 7,000 U.S. locations. Burger King advises franchisees not to increase prices, though adapting will cost them more.
Key Facts
Burger King is updating the Whopper for the first time in nearly ten years.
The new changes include a better-quality bun, creamier mayonnaise, and new packaging.
More than 7,000 Burger King restaurants in the U.S. will offer the updated Whopper.
Updating the Whopper will cost franchisees around $4,000 more per year.
Burger King advises franchisees not to raise customer prices despite the increased costs.
The current price of a Whopper is $6.79, with combos between $9.99 and $10.49.
Fast food prices have increased recently, making consumers wary of further rises.
Burger King's updates are part of efforts to improve customer satisfaction.
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KP Snacks is considering closing its Tyrrells site in Staffordshire, where vegetable crisps are made. This is due to a drop in demand and losing important export sales. Tyrrells potato crisps will continue to be made as usual.
Key Facts
KP Snacks might shut down the Tyrrells factory in Uttoxeter, Staffordshire.
The proposed closure is because there's less demand for vegetable crisps and fewer exports.
KP Snacks bought Tyrrells in 2018.
Tyrrells potato crisps are still selling well and will not be affected.
The company is talking with employees about the changes and trying to avoid job losses.
Tyrrells was started in 2002 by William Chase, a potato farmer in Herefordshire.
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SSE Airtricity will reduce its gas prices by 8.10% starting April 1. This change will benefit 215,000 domestic and small business customers in Northern Ireland, leading to lower annual gas bills.
Key Facts
SSE Airtricity is cutting gas prices by 8.10% from April 1.
The price reduction applies to 215,000 customers in Northern Ireland.
Households with a credit meter will save about £80 a year.
Customers with a prepayment meter will save around £79 a year.
The reduction is due to a decrease in wholesale gas prices.
The energy market remains unstable because of global issues.
The Utility Regulator will keep checking tariffs to ensure savings are passed on to consumers.
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Kroger is closing some of its stores across the United States after its planned merger with Albertsons was blocked. The company plans to close around 60 underperforming stores over 18 months. This decision is part of Kroger's efforts to improve efficiency and reinvest savings into customer service.
Key Facts
Kroger's merger with Albertsons was blocked due to regulatory issues.
The company plans to close approximately 60 stores across the U.S. over 18 months.
About 5% of Kroger's 1,200 stores will be affected by the closures.
Kroger expects to gain modest financial benefits from these closures, with a $100 million impairment charge recorded.
Employees of closed stores will be offered roles at other locations.
Interim CEO Ron Sargent stated that closures aim to make the company more efficient.
Kroger plans to increase new store openings starting in 2026.
The company is also laying off 1,000 corporate employees to improve efficiency.
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Mortgage rates in the U.S. have dropped below 6 percent for the first time in nearly four years. This is being celebrated by the White House as part of President Donald Trump's efforts to make housing more affordable. The change follows actions by both the administration and the Federal Reserve.
Key Facts
The national average for a 30-year fixed-rate mortgage is now 5.98 percent.
This is the first time mortgage rates have been below 6 percent since 2022.
President Trump has aimed to lower housing costs since his return to the White House.
The Federal Reserve's interest rate cuts towards the end of last year helped mortgage rates decrease.
Mortgage rates nearly doubled between 2022 and 2025 due to previous rate hikes to fight inflation.
The recent drop in mortgage rates is linked to market reactions to economic uncertainties.
The decline in rates could increase housing demand as the spring buying season approaches.
Despite lower rates, home prices remain high, and economic concerns continue to affect buyer confidence.
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Nexstar Media Group has laid off employees at several major local TV stations in Los Angeles, New York, and Chicago. These layoffs come as the company continues to make changes in response to financial pressures and a major upcoming merger. The reductions have raised concerns about the impact on local news coverage and journalism quality.
Key Facts
Nexstar Media Group laid off workers at local TV stations in Los Angeles (KTLA), New York (WPIX), and Chicago (WGN).
The layoffs involve on-air talent and other newsroom staff.
Longtime KTLA weather anchor Mark Kriski was among those laid off.
WPIX in New York let go anchors John Muller, Craig Treadway, Kori Chambers, and Arrianae LeBeau.
WGN in Chicago released eight on-air reporters and anchors.
The layoffs are part of Nexstar's efforts to cut costs amid declining advertising revenue and competition from streaming services.
Nexstar is currently planning a merger that could give it the largest media reach in the U.S.
Concerns have been raised about media consolidation and its effects on local journalism.
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Waitrose will stop selling mackerel because of concerns that overfishing is reducing the fish population in the north-east Atlantic. They plan to halt sales by April 29, 2026, and replace mackerel with other responsibly sourced fish products. Waitrose is acting on marine groups' recommendations to help keep fish stocks healthy and sustainable.
Key Facts
Waitrose is suspending mackerel sales due to overfishing concerns.
The supermarket will stop selling fresh, chilled, frozen, and tinned mackerel by April 29, 2026.
Marine experts suggest cutting mackerel catches in the North East Atlantic to protect fish populations.
In 2023, Waitrose claims that changes made by countries like the UK and Norway weren't enough to meet their standards.
Waitrose sources its mackerel from Scottish waters.
From May 2026, Waitrose's standards will not allow sales of North East Atlantic mackerel.
The store will replace mackerel with Marine Stewardship Council (MSC) certified alternatives.
Conservation groups like the Marine Conservation Society support Waitrose's decision to address overfishing issues.
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Barron Trump, President Donald Trump's youngest son, is involved in a new drinks company called Sollos Yerba Mate Inc. The company is registered at the home of Jay Weitzman, a friend and donor to President Trump, but Weitzman denies involvement in the business.
Key Facts
Barron Trump is a director of Sollos Yerba Mate Inc., which plans to launch in April.
The business is registered at Jay Weitzman's house in Palm Beach, Florida.
Jay Weitzman is a longtime friend and donor of President Donald Trump.
Weitzman stated he has no connection to the business, and his grandson, who is a director, lives at his house.
The business's trademarks are also registered to Weitzman's address.
Weitzman's parking business has federal contracts but not directly due to his connection with Trump.
Ethics experts are concerned about the potential for political influence from Trump's family's business activities.
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Papa Johns plans to close about 300 underperforming stores in North America due to low sales. This decision affects nearly 9% of their total locations as the company tries to improve its overall performance.
Key Facts
Papa Johns will close around 300 stores in North America because they are not performing well financially.
These closures affect roughly 9% of the company's total 3,500 locations.
In 2025, North American same-store sales fell by 2.5%, with a 5.4% drop in the fourth quarter.
International sales rose by 5% in 2025, but total revenues slightly decreased to $2.1 billion.
The closures target mainly franchise-owned stores over a decade old with annual sales under $600,000.
7% of Papa Johns' corporate workforce was laid off in 2025.
CEO Todd Penegor said the focus is on reinforcing "brand health" for future growth.
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The Internal Revenue Service (IRS) has introduced a new online page to help taxpayers report tax fraud and scams more easily. This page combines various reporting options in one place, allowing people to report issues like fraud and identity theft confidentially.
Key Facts
The IRS launched a new webpage to report tax fraud and scams.
The page simplifies reporting by combining multiple options in one location.
Users can report fraud, impersonation scams, and identity theft.
The page can be accessed via a “Report Fraud” button on the IRS website.
The move aims to improve how the IRS processes and uses fraud reports.
Taxpayers are encouraged to report suspected fraud promptly.
The initiative is part of broader efforts to modernize the IRS and prevent tax fraud.
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Warner Bros. Discovery accepted a $31-per-share takeover bid from Paramount Skydance after rejecting offers from both Paramount and Netflix. The move created a competitive bidding war that increased Warner Bros.' market value by $23 billion. The deal's approval is dependent on regulatory review.
Key Facts
Warner Bros. Discovery agreed to a $31-per-share takeover deal from Paramount Skydance.
Paramount's bid was 63% higher than its original $19-per-share offer in September.
Netflix chose not to raise its offer, allowing Paramount Skydance to be the winning bidder.
Warner Bros. Discovery's market value increased by $23 billion in five months.
Regulatory approval is still required for the deal to be finalized.
Paramount Skydance's CEO David Ellison attended President Trump's State of the Union address.
The acquisition would give Paramount ownership of major movie studios, news networks, and streaming platforms.
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Hundreds of manufacturing jobs were lost in Kansas after two facilities owned by Hopkins Manufacturing shut down. The closures were part of a larger round of layoffs by the parent company First Brands Group. The job losses impact local economies and highlight challenges faced by communities reliant on large employers.
Key Facts
Two Hopkins Manufacturing facilities in Kansas closed, laying off over 200 workers.
The affected plants are located in Emporia and Edgerton, Kansas.
130 employees lost their jobs in Emporia, and 81 in Edgerton.
The closures followed an unsuccessful attempt to sell the Hopkins operations.
First Brands Group said a potential sale fell through unexpectedly.
Local officials are coordinating efforts to help the laid-off workers find new jobs.
The layoffs are part of a trend of manufacturing job losses in the U.S.
Discussions are ongoing about manufacturing stability amid economic challenges.
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Dyson settled a legal case with 24 migrant workers who said they faced forced labor in a Malaysian factory making Dyson parts. This case is significant because it was heard in the UK, setting a legal precedent for foreign supplier issues to be addressed in a British court. Dyson did not admit fault in the settlement.
Key Facts
Dyson settled a lawsuit with 24 migrant workers over forced labor claims in a Malaysian factory.
The workers came from Nepal and Bangladesh and reported abusive treatment and poor working conditions.
Dyson denies any liability, saying it did not know about the alleged abuses.
The case was heard in the UK, setting a precedent for holding British companies accountable for foreign suppliers' actions.
Labour activists have long highlighted the issue of migrant worker abuse in Malaysia.
Dyson moved its manufacturing to Malaysia in 2002 and its headquarters to Singapore in 2019.
The settlement terms, including any compensation, were not disclosed.
Both Dyson and the workers' lawyers stated that the settlement was reached to avoid the expenses of a trial.
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