business

Max Knoblauch2/21/25

CrowdStrike shares spring a leak amid DOJ, SEC probes

The DOJ and SEC are looking into a $32 million deal between cybersecurity firm CrowdStrike and Carahsoft Technology, a tech distributor with billions of dollars’ worth of government contracts, to provide the IRS with security tools, according to reporting by Bloomberg.

The IRS reportedly never purchased the products, and the deal’s value has the potential to have made the difference between CrowdStrike meeting or missing Wall Street expectations for a fiscal quarter in 2023.

CrowdStrike shares fell more than 4% on Friday after news of the dual probes broke. Last year, the firm made global headlines as a software update caused an outage on millions of Windows systems, leading to thousands of flight delays and cancellations.

In September, Carahsoft headquarters were raided by the FBI. The DOJ is also investigating whether Carahsoft conspired with a software developer to fix prices on sales to the US government.

DOJ, SEC Investigating $32 Million CrowdStrike Deal With Carahsoft

DOJ, SEC Investigating $32 Million CrowdStrike Deal With Carahsoft

CrowdStrike shares fell more than 4% on Friday after news of the dual probes broke. Last year, the firm made global headlines as a software update caused an outage on millions of Windows systems, leading to thousands of flight delays and cancellations.

In September, Carahsoft headquarters were raided by the FBI. The DOJ is also investigating whether Carahsoft conspired with a software developer to fix prices on sales to the US government.

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Apple is turning 50 today and it doesn’t look a thing like its younger self

From Macs to iPods, iPhones, and now services, here’s how Apple’s business has looked every 10 years.

Birthday Green apple

The entrance of Allbirds seen from Hayes St. in San Francisco, Calif.

Allbirds, the once buzzy multibillion-dollar sneaker startup, is selling up for $39 million

That’s less than 1% of its peak market cap about four years ago.

Tom Jones3/31/26

business

Max Knoblauch3/30/26

JetBlue is raising its bag fees as fuel costs squeeze airlines

JetBlue will reportedly hike its bag fees, as the cost of jet fuel continues to climb amid the war in Iran. It’s the latest example of carriers finding ways to push rising costs onto travelers.

Last week, United Airlines CEO Scott Kirby said that if fuel prices remain elevated, fares would need to rise another 20% for his airline to break even this year.

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.

JetBlue Airways raises bag fees as fuel prices soar

JetBlue Airways raises bag fees as fuel prices soar

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.

flavor of the month

Americans won’t tolerate bland food anymore — and it’s turned McCormick into a ~$7 billion-a-year spice and sauce giant

Now, McCormick is eyeing Unilever’s food business.

Bottles of Frank's RedHot Xtra Hot and Sweet Chili on a

Crocs’ prince charming

ByChrisStokel-Walker

FriMar 272026

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