Business
business

Fox Corp.’s Lachlan and Rupert Murdoch might be part of the TikTok deal, Trump says

President Trump has said that Rupert Murdoch and his son Lachlan, the chief executive of Fox, are “probably” going to be involved in the investor group looking to buy TikTok in the US.

In an interview with Fox News that aired on Sunday, Trump suggested that the conservative media magnates would join partners including Oracle and Dell in the proposed US deal for the popular social media app.

The potential investment would reportedly be made by the Fox Corporation, the media giant that operates Fox News and the Fox Network, rather than the Murdochs as individuals.

As noted by The New York Times, the conservative tone of the Murdochs’ media businesses will raise questions about whether TikTok’s new consortium of owners will be able to influence content on the app. Separately, Trump is currently suing Rupert Murdoch over The Wall Street Journal’s Epstein reporting.

In recent weeks, the US and China have been finalizing a deal for a US entity of TikTok separate from its Chinese parent company, ByteDance, following a federal law passed last year forcing the app to divest or be banned (though the deadline for this has been pushed back four times now).

The potential investment would reportedly be made by the Fox Corporation, the media giant that operates Fox News and the Fox Network, rather than the Murdochs as individuals.

As noted by The New York Times, the conservative tone of the Murdochs’ media businesses will raise questions about whether TikTok’s new consortium of owners will be able to influence content on the app. Separately, Trump is currently suing Rupert Murdoch over The Wall Street Journal’s Epstein reporting.

In recent weeks, the US and China have been finalizing a deal for a US entity of TikTok separate from its Chinese parent company, ByteDance, following a federal law passed last year forcing the app to divest or be banned (though the deadline for this has been pushed back four times now).

More Business

See all Business
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

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.

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.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Derivatives, LLC, or Robinhood Money, LLC. Futures and event contracts are offered through Robinhood Derivatives, LLC.