Elon Musk said Saturday he'd be willing to pay the salaries of TSA agents during the Homeland Security shutdown, as President Trump suggested the possibility of using ICE agents to keep airports moving instead.
Why it matters: The shutdown is causing chaos for travelers and gridlock in Congress, with few solutions on the horizon.
Why it matters: Any swift ceasefire or arrangement allowing safe passage through the Strait of Hormuz won't undo supply shocks that could linger for months — and in some cases, years.
A federal judge on Friday ruled the Pentagon's restrictions on journalists were a First Amendment violation, marking a win for the New York Times, which brought a lawsuit against the Defense Department over the issue last December.
Why it matters: The judge granted the Times an injunction that blocks the Pentagon from enforcing a policy that sharply curtailed the number of journalists from major newspapers, wire services and TV stations participating in press briefings.
As the Iran war drives up jet fuel costs, travelers are bracing for airlines to raise ticket prices — making already expensive trips feel even more daunting.
The big picture: Travelers aren't powerless against rising fares and can still find opportunities to avoid even the worst price hikes, experts say.
CBS News is laying off 6% of its staff, or around 66 people, a source confirmed to Axios. It will also shutter CBS News Radio, which serves approximately 700 affiliate stations nationwide. All of those staffers' positions will be eliminated.
Why it matters: It's the second round of layoffs under CBS' new ownership and management team.
That was the question buzzing yesterday after The Wall Street Journal reported that the humble bookseller is in talks to raise $100 billion for a fund that would buy manufacturing companies "and seek to use AI technology to accelerate their path to automation."
What we know, based on sources familiar with the situation:
Oil prices at four-year highs (and maybe climbing further) might nudge record U.S. production even higher — but don't expect a new boom.
Why it matters: Companies in onshore shale — the most nimble part of the industry — need lots of convincing to invest far beyond current plans, analysts say.
It has now become a familiar Wall Street two-step: Stocks stumble in the morning and mostly recover by the end of the day after President Trump says something that's viewed as reassuring about the Iran war.
Why it matters: Investors are jumping at any sign of an end to the Iran war — now in its third week and far longer than they initially predicted.
Corporate mergers should pick up this year, even with war and other headwinds in the economy, Goldman Sachs CEO David Solomon said in his annual shareholder letter on Friday.
Why it matters: Solomon's steady outlook may prove reassuring in an otherwise highly uncertain economic environment.
Iranian hackers tied to a recent U.S. cyberattack have been running a broader intimidation campaign that involved issuing death threats and suggesting they have ties to a Mexican cartel to "commit acts of violence," the Justice Department said Thursday.
Why it matters: The campaign shows Iran's cyber playbook is moving beyond hacking companies and is now pairing cyberattacks with tactics to coerce targets and shape narratives.
