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going clear

How record wait times at US airports are sending one app soaring

Demand for Clear Secure services are surging as travelers look to bypass TSA lines.

Hyunsoo Rim

As if surging ticket prices and flight cancellations weren’t enough, American flyers are now having to contend with record-long airport lines, as the partial government shutdown in mid-February continues to blight the Transportation Security Administration, triggering staffing shortages at travel hub checkpoints across the country.  

During a House hearing on Wednesday, the TSA’s acting head, Ha Nguyen McNeill, said wait times at airports are currently the longest in the agency’s 24-year history, with delays stretching beyond 4.5 hours at some major airports where as many as 50% of the administration’s employees have called out.

Life in the fast lane

Out of this historic air travel chaos, however, a few outliers have cashed in on frustrated travelers who are willing to buy their way out — including a private jet company that’s seen a 40% spike in charter demand, and Clear, a biometric firm whose $209-a-year subscription lets users bypass ID checks through fingerprint or eye scans and jump to the front of the screening line.

According to data from Appfigures, Clear’s app downloads in March have more than tripled from a year ago, and the app currently sees more daily downloads than the major carriers many of its customers are likely flying with, such as Delta, American, and United. The company’s stock has also jumped nearly 60% this year, inching closer to the all-time high it hit shortly after its 2021 IPO.

Still, Clear’s momentum could slow down or cease entirely if the broader TSA system collapses, and relief might not be on the way just yet: agency officials have warned that the TSA won’t be fully staffed in time to handle surging travel volumes during the 2026 FIFA World Cup in June.

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Used car prices dip in April but remain at 2023 levels as gas prices surge

Used car prices ticked down in April, the first drop in 2026, according to fresh data from Cox Automotive.

Cox’s Manheim Used Vehicle Value Index, which tracks wholesale prices, dipped 1.6% in April from March, but remains around highs not seen since 2023 as shoppers react to surging gas prices.

“Affordability remains front and center, and that’s driving some increased demand for older vehicles... as well as changing the calculus for consumers shopping for EVs,” said Cox’s chief economist, Jeremy Robb.

As reported in March, used car retailers including CarMax have told Sherwood News that gas prices are driving more shoppers to look toward EVs. Cox’s EV index is up 7.2% from April 2025, compared to a 1.1% hike for its non-EV index.

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Xbox CEO overhauls leadership team with Microsoft AI execs amid sales declines

Microsoft is continuing to shake up Xbox, with gaming chief Asha Sharma (who took over the division suddenly in February) announcing an executive overhaul.

According to an internal memo seen by CNBC, Sharma is bringing four leaders from her former CoreAI group into the Xbox fold, as they have “consumer and technical expertise [Xbox does] not yet have.”

“Right now, it is too hard to ship impact quickly. We spend too much time inward instead of with the community, and we lack the depth we need in some of the fundamentals,” Sharma said in the memo.

Aside from the CoreAI team, David Schloss, a former Instacart growth exec, will take over the subscription and cloud business.

Following Microsoft’s earnings report last week, in which Xbox console sales fell 33% from last year, Sharma said the division had work to do. The company forecast more sales declines for Game Pass and consoles in the current quarter.

“Right now, it is too hard to ship impact quickly. We spend too much time inward instead of with the community, and we lack the depth we need in some of the fundamentals,” Sharma said in the memo.

Aside from the CoreAI team, David Schloss, a former Instacart growth exec, will take over the subscription and cloud business.

Following Microsoft’s earnings report last week, in which Xbox console sales fell 33% from last year, Sharma said the division had work to do. The company forecast more sales declines for Game Pass and consoles in the current quarter.

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