Nia Warfield6/30/25

Home Depot drops $4.3 billion to buy wholesale supplier GMS in push to win more pros

Home Depot is scooping up construction products distributor GMS for $4.3 billion as it sharpens its pivot to professional contractors.

As part of the deal, Home Depot subsidiary SRS Distribution will acquire all outstanding shares of GMS at $110 apiece, valuing the deal at $5.5 billion with debt included. The companies expect the deal to close by early next year.

“The combination of GMS and SRS will provide the residential and commercial Pro customer with more fulfillment and service options than ever before,” SRS CEO Dan Tinker said. The combined network will span more than 1,200 locations and operate over 8,000 delivery trucks.

The move comes as Home Depot looks to reignite growth while higher mortgage rates and shaky consumer confidence drag on DIY consumer spending. The company briefly posted its first same-store sales gain in two years this February, but sales have since pulled back.

Home Depot shares were largely flat on the news, while GMS jumped nearly 12%.

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

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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

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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.

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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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