business

Max Knoblauch7/1/25

Lucid and Rivian are trading lower as Senate Republicans work to appease tax bill holdouts

Rivian and Lucid are both down on Tuesday as investors watch Senate Republicans work feverishly to pass President Trump’s “big, beautiful bill.”

Senate Majority Leader John Thune on Tuesday told reporters that Republicans seem to have an agreement on the bill ahead of additional voting.

Electric vehicle tax credits, battery manufacturing subsidies, and charger network budgets could all be gutted if Senate Republicans successfully manage to pass the bill. The latest draft included more bad news for EV makers and customers: the $7,500 tax incentive would end on September 30 rather than the end of the year.

The Trump-Musk feud reigniting probably squashes any remaining investor hopes of last-minute changes on that front.

Lucid and Rivian vehicles are typically ineligible for the tax credit outside of leasing exemptions, but Rivian’s upcoming R2 SUV (expected to start at $45,000) would make the cut — if the credit still exists when it comes out.

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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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