Will Israel Defy Another Security Council Resolution?

Will Israel Defy Another Security Council Resolution?

UNITED NATIONS, Mar 26 (IPS) - The UN Security Council (UNSC) resolution for a temporary cease-fire in the ongoing conflict in Gaza— adopted by a 14-0 vote with the US abstaining –- marks a significant step forward in momentarily halting the five-month-old fighting which has claimed the lives of over 32,000 Palestinians and 1,200 inside Israel.

But a lingering question remains: how will Israel respond?

Read the full story, “Will Israel Defy Another Security Council Resolution?”, on globalissues.org

https://www.globalissues.org/news/2024/03/26/36323 [Collection]

Building Resilience and Mental Health Capacity of Youth

Building Resilience and Mental Health Capacity of Youth

SRI JAYAWARDENEPURA KOTTE & ATHENS, Mar 25 (IPS) - Sri Lankan lawmaker Hector Appuhamy, in conversation with IPS ahead of a two-day conference aimed at educating  and involving university students in mental health issues, said parliamentarians were concerned about gaps in the programmes and financing for youth mental health. They were looking beyond the country's health budget for support in ensuring that youth were able to access mental health facilities in a supportive environment.

Read the full story, “Building Resilience and Mental Health Capacity of Youth”, on globalissues.org

https://www.globalissues.org/news/2024/03/25/36314 [Collection]

Boeing CEO to step down in broad management shake-up as 737 Max crisis weighs on aerospace giantBoeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant.[Collection]

Boeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant.https://www.cnbc.com/2024/03/25/boeing-ceo-board-chair-commercial-head-out-737-max-crisis.html

Nelson Peltz withholds votes from Disney CEO Bob Iger in proxy battleThe move is hardly shocking, given the acrimonious nature of the battle. In recent weeks, Disney has stepped up its attacks on Trian and Peltz.[Collection]

The move is hardly shocking, given the acrimonious nature of the battle. In recent weeks, Disney has stepped up its attacks on Trian and Peltz.https://www.cnbc.com/2024/03/25/nelson-peltz-withholds-votes-from-disney-ceo-bob-iger-in-proxy-battle.html

Boeing CEO to step down in broad management shake-up as 737 Max crisis weighs on aerospace giantBoeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant.[Collection]

Boeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant.https://www.cnbc.com/2024/03/25/boeing-ceo-board-chair-commercial-head-out-737-max-crisis.html

Boeing CEO to step down in broad management shake-up as 737 Max crisis weighs on aerospace giantBoeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant.[Collection]

Boeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant.https://www.cnbc.com/2024/03/25/boeing-ceo-board-chair-commercial-head-out-737-max-crisis.html

Nelson Peltz withholds votes from Disney CEO Bob Iger in proxy battleThe move is hardly shocking, given the acrimonious nature of the battle. In recent weeks, Disney has stepped up its attacks on Trian and Peltz.[Collection]

The move is hardly shocking, given the acrimonious nature of the battle. In recent weeks, Disney has stepped up its attacks on Trian and Peltz.https://www.cnbc.com/2024/03/25/nelson-peltz-withholds-votes-from-disney-ceo-bob-iger-in-proxy-battle.html

Boeing CEO Dave Calhoun to step down; board chair and commercial airplane head replaced in wake of 737 Max crisisBoeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant.[Collection]

Boeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant.https://www.cnbc.com/2024/03/25/boeing-ceo-board-chair-commercial-head-out-737-max-crisis.html

Boeing CEO Dave Calhoun to step down; board chair and commercial airplane head replaced in wake of 737 Max crisisBoeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant.[Collection]

Boeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant.https://www.cnbc.com/2024/03/25/boeing-ceo-board-chair-commercial-head-out-737-max-crisis.html

Boeing CEO Dave Calhoun to step down; board chair and commercial airplane head replaced in wake of 737 Max crisisBoeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant.[Collection]

Boeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant.https://www.cnbc.com/2024/03/25/boeing-ceo-board-chair-commercial-head-out-737-max-crisis.html

Boeing CEO Dave Calhoun to step down; board chair and commercial airplane head replaced in wake of 737 Max crisisBoeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant.[Collection]

Boeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant.https://www.cnbc.com/2024/03/25/boeing-ceo-board-chair-commercial-head-out-737-max-crisis.html

Worlds Democracies Threatened by Disinformation Generated by Artificial Intelligence

Worlds Democracies Threatened by Disinformation Generated by Artificial Intelligence

UNITED NATIONS, Mar 25 (IPS) - Speaking at the third Summit for Democracy in South Korea last week, US Secretary of State Antony Blinken warned that a malicious "flood" of disinformation is threatening the world's democracies—triggered in part by the rise of artificial intelligence (AI).

But AI is also a critical arena in which democracy is being challenged. “So, while we seek to harness the power of AI and other digital technologies for good, some governments are abusing those same technologies to do just the opposite,” he said.

Read the full story, “Worlds Democracies Threatened by Disinformation Generated by Artificial Intelligence”, on globalissues.org

https://www.globalissues.org/news/2024/03/25/36313 [Collection]

US agriculture industry gears up for futuristic aerial 'drone-swarm' farming after FAA decision"Drone-swarm" agriculture could replace traditional tractors at just a fraction of the cost as the FAA clears the way for U.S. farmers to use the new technology.

A new exemption for drone piloting from the Federal Aviation Administration has cleared the airways for "drone-swarm" agriculture, a method of seeding and spraying crops at a fraction of the traditional cost.

Hylio, a Texas-based drone manufacturer, successfully applied for an exemption from the FAA to allow fleets of drones weighing 55 pounds or more to fly together. 

It's the first exception of its kind for machines that carry what the company calls a "meaningful payload" and makes the process competitive with traditional tractors and seeding rigs.

"On average, you're spending a quarter both up front, capital cost to buy the machinery, and operating cost is about a quarter or maybe a third of what you'd spend for the traditional stuff," Arthur Erickson, Hylio's CEO, told Fox News Digital. 

SEE IT: AMAZON'S NEW PRIME DRONE IN ACTION

Even a set of three drones costs substantially less than a single tractor. They use less water to carry chemicals, causing less soil compaction, and only a fraction of the fuel for generators to recharge batteries in the field. And Hylio doesn't charge a subscription fee for its software, Erickson said.

Under previous rules, a single drone required a pilot and another person acting as a spotter. Because of weight limitations in flight, it took a long time to cover large fields.

Now the two-person team can fly up to three drones at once in a "swarm," covering triple the area in the same time, making it almost as fast as a conventional tractor.

TRACTOR HACK: FARMERS ARE HARNESSING HACKED SOFTWARE FOR JOHN DEERE REPAIRS

Andy Kreikemeier, a Nebraska farmer behind Infinity Precision Ag, says he began using drones about six months ago, primarily in hard-to-reach places. 

In addition to the pilot and the spotter, his operation also includes a third person to refill the drone. 

"Now we can run three drones with two people with this exemption," he told Fox News Digital. "So, not only are we increasing our coverage time frame with using three drones, but we're lessening the time and the amount of people we have to have on site."

With another pilot and another tracker, he could run a fleet of six drones at the same time and cover even more ground without running over crops or compacting more soil under the wheels.

Drones begin at around $50,000 per unit, according to Hylio. A conventional tractor can cost more than $300,000, with some high-end models going for over $700,000.

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"They're so expensive," Erickson said. "Over half a million for a brand-new tractor these days, while we're still reeling from the COVID stuff, supply train issues."

Kreikemeier said he paid about $80,000 each for his fully-loaded drones from Hylio.

The machines have a multitude of uses, Erickson said.

In addition to spraying and seeding farmland, some have been used to drop tree seeds in areas scorched by wildfires, and aquatic farmers have used them to seed their water with clams.

"The sky's the limit," Erickson said.

https://www.foxbusiness.com/fox-news-us/us-agriculture-industry-gears-futuristic-aerial-drone-swarm-farming-after-faa-decision

Senators slam 'delay tactic' on TikTok bill despite 'national security issue'Senators expressed frustration at consideration of the House-passed TikTok bill being delayed by likely markups and hearings amid a national security issue.

Several senators criticized what they characterized as a delay in the House-passed TikTok bill in the upper chamber as a pressing "national security concern" lingers. 

Sen. Josh Hawley, R-Mo., told Fox News Digital the bipartisan bill to force the app to divest from Chinese company ByteDance or be banned in the U.S. is "100%" being delayed in the Senate.

The Protecting Americans from Foreign Adversary Controlled Applications Act, introduced in the House by representatives Mike Gallagher, R-Wis., and Raja Krishnamoorthi, D-Ill., passed by a bipartisan vote of 352-65, with one member abstaining. 

The motive is to "kill it" in the Senate, Hawley said. 

TIM SCOTT LABELS SCHUMER'S CALL FOR ISRAELI LEADER CHANGE 'ELECTORAL INTERFERENCE'

He further claimed TikTok and China were responsible for the legislation being referred to the Senate Commerce Committee and Chairwoman Maria Cantwell, D-Wash., signaling her interest in various markups and potential public hearings, which would draw out the process for getting the measure to the Senate floor. 

"As I said before, they should just make this simple. Just put a sign right there on the door that says ‘Property of Big Tech,’" Hawley remarked. 

After a quick and bipartisan passage in the House, the TikTok bill was referred to the Commerce Committee rather than being fast-tracked in the upper chamber as well. 

When Cantwell was asked about the bill this week, she said, "We’re going through a process."

"Obviously, two committees have been very involved — Commerce because of the oversight of information and data collection and all that and then the Intelligence Committee. So, the next steps might be something more public, [like a] hearing by the two committees in a joint way," Cantwell added, noting she may consult Mark Warner, D-Va., chairman of the Intelligence Committee, about the possibility. 

Cantwell has notably contrasted with some of her colleagues who have sounded the alarm on the Beijing-tied app and expressed less urgency in addressing the issue. Some of Cantwell's former top aides are now lobbying on behalf of the app, presenting what could be considered a conflict of interest, The Washington Free Beacon reported Friday.

TOP GOP LAWMAKER ANNOUNCES EARLY EXIT, LEAVING REPUBLICANS WITH TEMPORARY ONE-SEAT MAJORITY

TikTok has pioneered an urgent effort to prevent the Senate from moving the House's bill forward, which has included frequent meetings on Capitol Hill between CEO Shou Chew and senators and sending notifications directly to the phones of its millions of users. After these notifications were utilized by the app to mobilize its users, senators reported receiving various disturbing calls and threats. 

Ted Cruz, R-Texas, ranking member of the Commerce Committee, hasn't expressed concern over the bill being referred for a markup. Cruz has long been a proponent of returning to procedure for legislation and not forcing items through the chamber. 

Cruz expressed concern over some of the language in the House's bill while speaking with Fox News Digital. 

"That's what the committee process is for," Cruz said. The Texas senator was not dismayed by the idea of hearings, saying he hopes they are held. 

But, according to Sen. Shelley Moore Capito, R-W.Va., Cantwell's suggestion of an extended committee procedure for the bill is "definitely a delay tactic."

"I think probably the vast majority of us would like to see it come" to the floor for a vote, she said. 

Warner told Fox News Digital drawing out the committee process "would not make sense" because TikTok's threat "is a national security issue."

REPUBLICAN SENATORS INTRODUCE BILL TO BLOCK MIGRANTS FROM USING BORDER PATROL APP AS ID AT TSA CHECKPOINTS

"I wouldn't accept the premise that there's a default to a long process," he said. 

Spokespeople for the chairwoman and ranking member of the Commerce Committee did not provide comment when contacted by Fox News Digital. 

On Wednesday, senators were briefed on the national security implications regarding TikTok. Warner noted that his colleagues on both sides of the aisle shared a "virtually unanimous opinion coming out of the hearing yesterday, the classified briefing, that it's a national security issue."

Hawley said the House bill should be considered, and that if his colleagues have concerns, they should "put it on the floor, have an amendment process. We could debate it."

Instead, he noted, it was referred to committee, "which is how you kill it." 

Discussing the bill's trajectory, Sen. Thom Tillis, R-N.C., whose office reported receiving a threat regarding the TikTok legislation, said, "People have sort of situational positions here. So, yeah, they want regular order. Other times they want expedited procedures."

TERM LIMITS, PREVENTING LEADER ‘MONARCHY’ BECOME TOP CONCERNS IN POST-MCCONNELL GOP

He added that "unless someone can point to any serious flaws in the legislation," he isn't sure what would rationalize delaying the bill. 

However, Tillis stopped short of saying any delays were intentional. 

"I think we've got an entire staff dedicated to slowing things down here," he joked. "I think it's just standard operating procedure."

While some speculated ill intent, the bill's House sponsor, Gallagher, told Fox News Digital he is "cautiously optimistic" about his legislation. He claimed the overwhelming support in the lower chamber made it "impossible for the Senate to ignore it completely."

Sen. Kirsten Gillibrand, D-N.Y., who has stressed her concern over TikTok, said she doesn't believe the measure is being delayed. 

"I think changing ownership might take time anyway. So, it's not a time of the essence issue," she told Fox News Digital. 

Sen. Richard Blumenthal, D-Conn., defended the likelihood of hearings for the bill, explaining, "hearings are routinely held."

"It so happens this bill sailed through the House and in a matter of a week or so without any hearings, as normally would be expected and even potentially required," he added. 

Sen. Mike Braun, R-Ind., additionally suggested Majority Leader Chuck Schumer, D-N.Y., is not acting with urgency to take action on the TikTok issue because of "some hesitation for them politically of what that might mean for the Democrats." 

Schumer's office did not provide comment when contacted by Fox News Digital. 

https://www.foxbusiness.com/politics/senators-slam-delay-tactic-tiktok-bill-despite-national-security-issue

Powerball jackpot continues to climb, jumps to $800M after nobody wins grand prizeThe Powerball jackpot continues to rise after no tickets matched the winning numbers in Saturday's drawing, with the grand prize now sitting at an estimated $800 million.

The Powerball jackpot grew to an estimated $800 million after no tickets matched the winning numbers during Saturday night's drawing.

The winning numbers Saturday night were: 6, 23, 25, 34, 51 and a red Powerball 3. The Power Play was 2X.

While nobody won the estimated $758 million jackpot Saturday night, five players – one each in California, Florida, Indiana, Texas and Washington – won $1 million after matching all five white balls.

POWERBALL JACKPOT BALLOONS TO $645M AFTER NO TICKETS MATCH WINNING NUMBERS

The grand prize is now at an estimated $800 million, which carries a one-time cash payout option of $384.8 million. Winners typically select the cash prize over the annuity option, which is paid out as one immediate payment followed by 29 annual payments.

The next drawing will be held Monday night. Drawings are held every Monday, Wednesday and Saturday.

The jackpot was last won on Jan. 1 when a player in Michigan won the $842.4 million grand prize. That was the tenth-highest Powerball prize ever won.

POWERBALL JACKPOT RISES TO $559M AFTER NO TICKETS MATCHED WINNING NUMBERS

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The odds of winning the Powerball jackpot are one in 292.2 million.

Powerball is played in 45 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands. The game says more than half of the proceeds from ticket sales remain in the jurisdiction where they were sold.

https://www.foxbusiness.com/economy/powerball-jackpot-continues-climb-jumps-800m-after-nobody-wins-grand-prize

Apple under fire, Fed's Powell juices stocks and Reddit's rallyInvestors took the Federal Reserve's latest update in stride, celebrating the confirmation of several rate hikes later this year. For Apple, the news was less pleasant.

-The DOJ lowers the boom on Apple 

-Federal Reserve Chairman Jerome Powell pleases investors 

-Dow, S&P 500 and Nasdaq Composite test new all-time highs 

-Chipotle's crazy 50-for-1 stock split 

-Reddit is America's newest public company, and shares rocket

-New details emerge in the curious death of the Boeing whistleblower 

-Ben & Jerry's getting the boot after years of political leanings 

-After 81 years, craft store Joann files for Chapter 11 

-Meta CEO Mark Zuckerberg treats himself to a big boy superyacht 

DOJ BITES APPLE: The Department of Justice is accusing Apple, the world's most valuable company, of operating a monopoly in the administration's latest clampdown on big techcontinue reading here.  

VIDEO: Apple's lawsuit is no easy fix, say investors. 

LIVE PRICES FOR CRYPTOCURRENCIES: HERE

THREE'S A CHARM?: Federal Reserve Chairman Jerome Powell did not disappoint as he confirmed three interest rate hikes are still in the cards this year despite sticky inflation after policymakers held rates steady at the March meeting…continue reading here. 

VIDEO: Wharton's top professor was taken aback by Powell.  

5 STRATEGIES TO BUILD YOUR EMERGENCY FUND

INVESTORS CELEBRATE: After the dovish move by the Fed, stocks ended mixed on Friday. But the Dow Jones Industrial Average and the S&P 500 closed out the best week of 2024. And the Nasdaq Composite captured its fifth record close, powered by AI leader Nvidia, which has gained over 90% this year, ahead of the S&P 500's 10% advance…check markets here.

BURRITO BUSINESS: Chipotle's bottom line is so good the company announced a historical 50-for-1 stock split. The move will make the shares, which sit at a whopping $2,882 and change, more accessible to investors and employees. It also mirrors a strategy Walmart announced earlier this year…continue reading here.

VIDEO: Chipotle executive talks about chain's big expansion plans. 

REDDIT ROCKS: Social media and discussion forum Reddit executed a well-received initial public offering. The stock spiked before pulling back but ended above its $34 offering price…continue reading here.

VIDEO: An early Redditor shares his inside look at the company. 

MYSTERY DEEPENS: The surprise death of a Boeing whistleblower took a new turn this week as details emerged about his relationship with company executives…continue reading here. 

VIDEO: Boeing's safety crisis is giving a lift to chief rival Airbus. 

BYE-BYE: Ben & Jerry's parent, Uniliver, is going to jettison the ice cream brand, which has been known to take political sides…continue reading here. 

FOLLOW THE FOX BUSINESS DEBT TRACKER: HERE

CRAFT CRISIS: After 81 years, arts and crafts retailer Joann filed for Chapter 11 bankruptcy, but the retailer is still hoping to survivecontinue reading here. The move is the latest in a string of retailers shuttering storescontinue reading here.  

HAPPY BIRTHDAY TO ME: Mark Zuckerberg, CEO of Meta, which includes Facebook, Instagram and the newest platform Threads, treated himself to a special birthday gift. 

VIDEO: A bird's-eye view of Jeff Zuckerberg's new $300 million superyacht. 

UP NEXT:

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https://www.foxbusiness.com/markets/apple-under-fire-feds-powell-juices-stocks-reddits-rally

Va. Lt. gov. praises veto of 22 bills, including path for immigrants to be police: 'We don't know who you are'Virginia Lt. Gov. Winsome Sears sounded off on "The Big Money Show" after Virginia Gov. Glenn Youngkin vetoed 22 bills, including legislation allowing certain immigrants to become police officers.

Virginia Republican Lt. Gov. Winsome Sears on Friday praised a series of vetoes by GOP Gov. Glenn Youngkin that nixed 22 bills from the Democratic-majority state legislature, including legislation that would permit certain immigrants to become law enforcement officers.

Sears also lauded the rejection of bills the governor claimed would "weaken criminal penalties," telling FOX Business Virginians must be protected from repercussions of the border crisis.

Sears told FOX Business the border crisis under President Biden has made Virginia and other interior states as close to the crisis as Texas, New Mexico and others.

"Here's the situation — we just have all become border states, and by the way, you notice that those states that claim to be… sanctuary states, sanctuary cities — suddenly they're backing away from it when they realize that no, actually, Texas is not going to bear the burden of all of the folks coming across the border illegally, you're going to have to share some of the pain," Sears said.

She told "The Big Money Show" that Youngkin's vetoes were about "the protection of the residents of Virginia" and to make sure that those individuals coming into Virginia and America writ-large from other nations "mean us well and not ill." 

HERITAGE FOUNDATION HEAD DEFENDS TRUMP, SCOLDS ELITES AT WEF

Sears, who was born in Kingston, Jamaica, said she had to go through the same vetting processes she wants all contemporary immigrants to matriculate through.

"I had to go through that process. When I joined the Marine Corps. I was actually a Green Card holder," she said. "But I swore to uphold, protect and defend the Constitution of our great United States."

In a statement, Youngkin said the bills he vetoed included ones that "protect illegal immigrants, or impede law enforcement officers, prosecutors, and judges from holding criminals accountable and bringing them to justice."

"Some of these people… said that you could simply become a law enforcement officer. Excuse me, we don't even know who you are. We don't know your intentions. You could have good intentions, but we don't know that," Sears said Friday.

Sears, who previously served as a state delegate for Virginia Beach, said none of the nixed legislation made sense.

SHE HATES POLITICS: ROVE CALLS OUT THEORISTS SURMISING MICHELLE OBAMA COULD REPLACE BIDEN

The lieutenant governor also lamented a high-profile directive Youngkin had championed that legislative leaders blocked.

Sears confirmed the previously-celebrated plan for the NBA's Washington Wizards and NHL's Washington Capitals to move out of the crime-ridden District of Columbia to a growing commercial area across the Potomac, adjacent to Ronald Reagan-Washington National Airport, had stalled.

Team executive Ted Leonsis, Youngkin, Sen. Mark Warner, D-Va., and Alexandria Democratic Mayor Justin Wilson came together in December to celebrate the initial project. 

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The legislation to create the $2 billion entertainment district in Potomac Yards was blocked in February in the State Senate Finance & Appropriations Committee, according to WRIC.

Sears expressed hope the plans aren't doomed, lamenting the legislature's refusal to allow what she estimated as a $12 billion, 30,000-job impact on the Commonwealth. Youngkin reportedly has other avenues he could attempt in the future to bring the move to fruition.

"We've got to have, as we like to say, ‘Peace in the Valley’ and everybody singing 'Kum-Ba-Yah,' because this is for the good of Virginia," Sears said. 

https://www.foxbusiness.com/media/va-lt-gov-praises-veto-22-bills-including-path-immigrants-policedont-know-who-you-are

Stressed Maryland man buys lottery ticket, wins big prizeA Maryland man looking to distract himself from a stressful workday bought a few lottery tickets and won the second-tier prize of $50,000. He plans on buying a house.

A man from the Baltimore suburb of Glen Burnie was recently feeling stressed one day at work. It is safe to say that his method of stress relief paid off — big time.

The man, who identified himself only as "Stone Cold Money," bought several lottery tickets at a Giant grocery store in Glen Burnie to get his mind off of his work as an IT professional. 

He purchased two $10 Fast Play Big Win tickets, "a few" of the $10 Fast Play Casino Royale game tickets and some scratch-off tickets, the Maryland Lottery said in a March 22 release published on its website. 

MARYLAND MAN WINS HUGE LOTTERY PRIZE AFTER PLAYING THE GAME FOR THE FIRST TIME

The man continued to treat himself and ordered lunch, according to the Maryland Lottery. While waiting, he used the Maryland Lottery phone app to see if any of his tickets had won. 

The last ticket he scanned in — one of the Fast Play Big Win tickets — paid off. He won a second-tier prize of $50,000

"Oh my God," the man exclaimed, becoming "speechless." 

"The winner looked around the parking lot to see if anyone was watching him with the ticket. No one was," the Maryland Lottery's website said.

MARYLAND MAN WINS $50,000 IN LOTTERY WITH UNIQUE APPROACH TO NUMBERS

He then told his mother, wife and a friend who frequently plays the lottery about his big win. 

Now $50,000 richer, and presumably a lot less stressed than he was before buying his lottery tickets, the man told the Maryland Lottery he would use the money to buy a house for his family. 

The Big Win is a new game for the Maryland Lottery, and tickets went on sale in January. 

RETIRED TEACHER WINS HER SECOND NORTH CAROLINA LOTTERY PRIZE: 'VERY LUCKY'

Each winning ticket wins at least $20, and several large prizes have not yet been claimed, including 23 top prizes of $100,000, 19 additional $50,000 winnings and several dozen $20,000 and $10,000 prizes. 

The Maryland Lottery was founded in 1973.

Since then, the Maryland Lottery and Gaming Control agency has contributed $19.3 billion to the state of Maryland.

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"To achieve our mission, we provide entertaining games that are run with honesty, integrity and transparency, and give Marylanders 18 years of age and older the chance to win cash and other great prizes," the organization said. 

CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTER

The Maryland Lottery has distributed more than $31.5 billion in prizes, according to its website. 

For more Lifestyle articles, visit www.foxbusiness.com/lifestyle.

https://www.foxbusiness.com/lifestyle/stressed-maryland-man-buys-lottery-ticket-wins-big-prize

Stressed Maryland man buys lottery ticket, wins big prizeA Maryland man looking to distract himself from a stressful workday bought a few lottery tickets and won the second-tier prize of $50,000. He plans on buying a house.

A man from the Baltimore suburb of Glen Burnie was recently feeling stressed one day at work. It is safe to say that his method of stress relief paid off — big time.

The man, who identified himself only as "Stone Cold Money," bought several lottery tickets at a Giant grocery store in Glen Burnie to get his mind off of his work as an IT professional. 

He purchased two $10 Fast Play Big Win tickets, "a few" of the $10 Fast Play Casino Royale game tickets and some scratch-off tickets, the Maryland Lottery said in a March 22 release published on its website. 

MARYLAND MAN WINS HUGE LOTTERY PRIZE AFTER PLAYING THE GAME FOR THE FIRST TIME

The man continued to treat himself and ordered lunch, according to the Maryland Lottery. While waiting, he used the Maryland Lottery phone app to see if any of his tickets had won. 

The last ticket he scanned in — one of the Fast Play Big Win tickets — paid off. He won a second-tier prize of $50,000

"Oh my God," the man exclaimed, becoming "speechless." 

"The winner looked around the parking lot to see if anyone was watching him with the ticket. No one was," the Maryland Lottery's website said.

MARYLAND MAN WINS $50,000 IN LOTTERY WITH UNIQUE APPROACH TO NUMBERS

He then told his mother, wife and a friend who frequently plays the lottery about his big win. 

Now $50,000 richer, and presumably a lot less stressed than he was before buying his lottery tickets, the man told the Maryland Lottery he would use the money to buy a house for his family. 

The Big Win is a new game for the Maryland Lottery, and tickets went on sale in January. 

RETIRED TEACHER WINS HER SECOND NORTH CAROLINA LOTTERY PRIZE: 'VERY LUCKY'

Each winning ticket wins at least $20, and several large prizes have not yet been claimed, including 23 top prizes of $100,000, 19 additional $50,000 winnings and several dozen $20,000 and $10,000 prizes. 

The Maryland Lottery was founded in 1973.

Since then, the Maryland Lottery and Gaming Control agency has contributed $19.3 billion to the state of Maryland.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

"To achieve our mission, we provide entertaining games that are run with honesty, integrity and transparency, and give Marylanders 18 years of age and older the chance to win cash and other great prizes," the organization said. 

CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTER

The Maryland Lottery has distributed more than $31.5 billion in prizes, according to its website. 

For more Lifestyle articles, visit www.foxbusiness.com/lifestyle.

https://www.foxbusiness.com/lifestyle/stressed-maryland-man-buys-lottery-ticket-wins-big-prize

Stressed Maryland man buys lottery ticket, wins big prizeA Maryland man looking to distract himself from a stressful workday bought a few lottery tickets and won the second-tier prize of $50,000. He plans on buying a house.

A man from the Baltimore suburb of Glen Burnie was recently feeling stressed one day at work. It is safe to say that his method of stress relief paid off — big time.

The man, who identified himself only as "Stone Cold Money," bought several lottery tickets at a Giant grocery store in Glen Burnie to get his mind off of his work as an IT professional. 

He purchased two $10 Fast Play Big Win tickets, "a few" of the $10 Fast Play Casino Royale game tickets and some scratch-off tickets, the Maryland Lottery said in a March 22 release published on its website. 

MARYLAND MAN WINS HUGE LOTTERY PRIZE AFTER PLAYING THE GAME FOR THE FIRST TIME

The man continued to treat himself and ordered lunch, according to the Maryland Lottery. While waiting, he used the Maryland Lottery phone app to see if any of his tickets had won. 

The last ticket he scanned in — one of the Fast Play Big Win tickets — paid off. He won a second-tier prize of $50,000

"Oh my God," the man exclaimed, becoming "speechless." 

"The winner looked around the parking lot to see if anyone was watching him with the ticket. No one was," the Maryland Lottery's website said.

MARYLAND MAN WINS $50,000 IN LOTTERY WITH UNIQUE APPROACH TO NUMBERS

He then told his mother, wife and a friend who frequently plays the lottery about his big win. 

Now $50,000 richer, and presumably a lot less stressed than he was before buying his lottery tickets, the man told the Maryland Lottery he would use the money to buy a house for his family. 

The Big Win is a new game for the Maryland Lottery, and tickets went on sale in January. 

RETIRED TEACHER WINS HER SECOND NORTH CAROLINA LOTTERY PRIZE: 'VERY LUCKY'

Each winning ticket wins at least $20, and several large prizes have not yet been claimed, including 23 top prizes of $100,000, 19 additional $50,000 winnings and several dozen $20,000 and $10,000 prizes. 

The Maryland Lottery was founded in 1973.

Since then, the Maryland Lottery and Gaming Control agency has contributed $19.3 billion to the state of Maryland.

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"To achieve our mission, we provide entertaining games that are run with honesty, integrity and transparency, and give Marylanders 18 years of age and older the chance to win cash and other great prizes," the organization said. 

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The Maryland Lottery has distributed more than $31.5 billion in prizes, according to its website. 

For more Lifestyle articles, visit www.foxbusiness.com/lifestyle.

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Two Holland America Line crew members die onboard ship while in the BahamasTwo Holland America Line crew members died on board the ship while in the Bahamas on Friday after "an incident in an engineering space," the company said.

Two Holland America Line crew members died on board Friday while the ship was in the Bahamas, the company said in a statement. 

Holland America Line said "there was an incident in an engineering space" on board the Nieuw Amsterdam ship while at Half Moon Cay in the Bahamas, which resulted in the deaths. The cause of death is currently being investigated. 

The statement noted that previous reports that the crew members had died in a shipboard fire were inaccurate. 

ROYAL CARIBBEAN CANCELS LABADEE, HAITI PORT STOPS OUT OF 'ABUNDANCE OF CAUTION'

"All of us at Holland America Line are deeply saddened by this incident and our thoughts and prayers are with our team members’ families at this difficult time," the company said in a statement. "The safety, security and welfare of all guests and crew are the company’s absolute priority."

Holland America Line also stated they are offering counseling services to team members "who may have been affected by this incident."

VIRGIN VOYAGES SELLING MONTH-LONG CRUISES TO REMOTE WORKERS: 'WORK FROM HELM'

The Nieuw Amsterdam is on a seven-night cruise, having departed from Fort Lauderdale, Florida, on March 16. 

Earlier this month, a 27-year-old Florida woman was found unresponsive and later died in her cruise ship cabin while traveling to the Bahamas. 

NORWEGIAN CRUISE LINE SHIP TO DOCK AFTER TESTING SHOWED NO TRACES OF CHOLERA ONBOARD

A team of medical personnel from the ship rushed to try and revive her by performing CPR but, no vital signs were detected, and she was declared dead, police said.

Police discovered and confiscated a quantity of suspected cocaine from the cabin during their investigation and arrested a 32-year-old Florida man, police said. 

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Fox News' Michael Dorgan contributed to this report. 

https://www.foxbusiness.com/lifestyle/two-holland-america-line-crew-members-die-ship-bahamas

California insurance commissioner declares 'crisis' after major State Farm announcementCalifornia Insurance Commissioner Ricardo Lara warned that overregulation will push insurance companies to leave the state after State Farm announced it would cut 72,000 policies.

California's insurance commissioner Ricardo Lara spoke out after the state's largest home insurance provider announced that it would discontinue coverage for tens of thousands of policies this summer.

State Farm announced on March 20 that it would cut 72,000 home and apartment policies in California because of inflation, regulatory costs and increasing risks from catastrophes. The decision is a blow to California property owners, who already suffer under high insurance rates or scarce policy coverage.

"This is a real crisis," Commissioner Lara told KABC in an interview Friday.

The commissioner said he wants to investigate State Farm's finances, but warned that regulators can't go too far, or else they would risk pushing companies out of California entirely.

STATE FARM CUTS 72,000 CALIFORNIA HOME INSURANCE POLICIES: ‘DECISION WAS NOT MADE LIGHTLY’

"Insurance companies are not like utility companies," he told KABC. "By law, they don't have to be here, and when we try to overregulate, we'll see what happened after the Northridge earthquake, when the legislature came in and tried to overregulate, and they no longer write earthquake insurance in California."

Lara is spearheading an effort to enact the largest insurance reform in more than 30 years in California. He has proposed new regulations intended to change the models that insurance companies use to assess risk from catastrophes like wildfires or earthquakes, which he claims will stabilize premium costs and expand coverage.

But critics say he has not gone far enough, and they want the California legislature to intervene.

Carmen Balber, the executive director of Consumer Watchdog, a group that has criticized Lara's handling of California's insurance crisis, said State Farm's announcement shows that the current approach is not working. 

STATE FARM STOPS ACCEPTING HOME INSURANCE APPLICATIONS IN CALIFORNIA: ‘DIFFICULT PLACE TO DO BUSINESS’

"We have been urging for years now that California require insurance companies who want to sell home or auto insurance in California, sell to everyone who does the right thing, and it protects their homes. We urge the insurance commissioner to support that policy change, which needs to go through the legislature," Balber told KABC. 

State Farm announced last year that it would stop accepting new home insurance applications in California due to "historic" increases in construction costs and inflation.

The company then raised rates by a whopping 20 percent for existing customers, according to the San Francisco Chronicle.

In 2022, insurance giant AllState also paused its sales of new home insurance policies in California due to wildfires and higher costs of doing business in the state.

According to KCRA, seven of the 12 largest insurance groups in California have either paused or restricted new homeowner's policies in the past year.

ALLSTATE STOPS OFFERING NEW HOME INSURANCE IN CALIFORNIA DUE TO WILDFIRES, HIGHER COSTS FOR HOME REPAIR

Lara told KABC that his proposed reforms would increase transparency and allow insurance companies to better assess risk, lower rates and expand insurance coverage for Californians. 

"We bring the risk down in these communities, we keep insurers writing, then you get more insurers writing, you bring down the cost," he said. 

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In the meantime, Lara said that the California Department of Insurance stands ready to help customers who have lost coverage find a new insurance writer.

"We will make sure we have an insurance expert with you so that we help you transition and connect you with insurance companies who are writing policies in California," he told KABC. 

FOX Business' Kristine Parks and Julia Musto contributed to this report.

https://www.foxbusiness.com/politics/california-insurance-commissioner-declares-crisis-major-state-farm-announcement

California insurance commissioner declares 'crisis' after major State Farm announcementCalifornia Insurance Commissioner Ricardo Lara warned that overregulation will push insurance companies to leave the state after State Farm announced it would cut 72,000 policies.

California's insurance commissioner Ricardo Lara spoke out after the state's largest home insurance provider announced that it would discontinue coverage for tens of thousands of policies this summer.

State Farm announced on March 20 that it would cut 72,000 home and apartment policies in California because of inflation, regulatory costs and increasing risks from catastrophes. The decision is a blow to California property owners, who already suffer under high insurance rates or scarce policy coverage.

"This is a real crisis," Commissioner Lara told KABC in an interview Friday.

The commissioner said he wants to investigate State Farm's finances, but warned that regulators can't go too far, or else they would risk pushing companies out of California entirely.

STATE FARM CUTS 72,000 CALIFORNIA HOME INSURANCE POLICIES: ‘DECISION WAS NOT MADE LIGHTLY’

"Insurance companies are not like utility companies," he told KABC. "By law, they don't have to be here, and when we try to overregulate, we'll see what happened after the Northridge earthquake, when the legislature came in and tried to overregulate, and they no longer write earthquake insurance in California."

Lara is spearheading an effort to enact the largest insurance reform in more than 30 years in California. He has proposed new regulations intended to change the models that insurance companies use to assess risk from catastrophes like wildfires or earthquakes, which he claims will stabilize premium costs and expand coverage.

But critics say he has not gone far enough, and they want the California legislature to intervene.

Carmen Balber, the executive director of Consumer Watchdog, a group that has criticized Lara's handling of California's insurance crisis, said State Farm's announcement shows that the current approach is not working. 

STATE FARM STOPS ACCEPTING HOME INSURANCE APPLICATIONS IN CALIFORNIA: ‘DIFFICULT PLACE TO DO BUSINESS’

"We have been urging for years now that California require insurance companies who want to sell home or auto insurance in California, sell to everyone who does the right thing, and it protects their homes. We urge the insurance commissioner to support that policy change, which needs to go through the legislature," Balber told KABC. 

State Farm announced last year that it would stop accepting new home insurance applications in California due to "historic" increases in construction costs and inflation.

The company then raised rates by a whopping 20 percent for existing customers, according to the San Francisco Chronicle.

In 2022, insurance giant AllState also paused its sales of new home insurance policies in California due to wildfires and higher costs of doing business in the state.

According to KCRA, seven of the 12 largest insurance groups in California have either paused or restricted new homeowner's policies in the past year.

ALLSTATE STOPS OFFERING NEW HOME INSURANCE IN CALIFORNIA DUE TO WILDFIRES, HIGHER COSTS FOR HOME REPAIR

Lara told KABC that his proposed reforms would increase transparency and allow insurance companies to better assess risk, lower rates and expand insurance coverage for Californians. 

"We bring the risk down in these communities, we keep insurers writing, then you get more insurers writing, you bring down the cost," he said. 

GET FOX BUSINESS ON THE GO BY CLICKING HERE*

In the meantime, Lara said that the California Department of Insurance stands ready to help customers who have lost coverage find a new insurance writer.

"We will make sure we have an insurance expert with you so that we help you transition and connect you with insurance companies who are writing policies in California," he told KABC. 

FOX Business' Kristine Parks and Julia Musto contributed to this report.

https://www.foxbusiness.com/politics/california-insurance-commissioner-declares-crisis-major-state-farm-announcement

Chick-fil-A set to switch from antibiotic-free chickenChick-fil-A shared Thursday it would be reintroducing antibiotics to its chicken later this spring after having previously gone antibiotic-free in 2014.

Chick-fil-A announced that it would be shifting from antibiotic-free chicken starting this spring, citing supply reasons, in an update shared Thursday. 

"To maintain supply of the high-quality chicken you expect from us, Chick-fil-A will shift from No Antibiotics Ever (NAE) to No Antibiotics Important To Human Medicine (NAIHM) starting in the Spring of 2024," the announcement read. 

No specific deadline has yet to be announced for the change to roll out. 

CHICK-FIL-A ROLLS OUT NUGGET-TOPPED PIZZA PIES AT MARYLAND TEST KITCHEN: 'LOVE BEFORE BITE'

According to the Chick-fil-A website, NAE means no antibiotics of any kind were used in the raising of the animal, while NAIHM "restricts the use of those antibiotics that are important to human medicine and commonly used to treat people, and allows use of animal antibiotics only if the animal and those around it were to become sick."

Chick-fil-A had previously switched to antibiotic-free chicken in 2014, eventually meeting its goal of serving antibiotic-free chicken at all chain restaurants in 2019. 

CHICK-FIL-A LAUNCHING MANHATTAN RESTAURANT WITH MOBILE PICKUP AND DELIVERY ONLY

"As we looked to the future, the availability of high-quality chicken that meets our rigid standards became a concern. This change enables us to not only ensure we can continue to serve high-quality chicken, but also chicken that still meets the expectations our customers count on us to deliver," a Chick-fil-A spokesperson told Fox News Digital in a statement. 

The announcement was sent to app users as well, according to Reuters. 

CHICK-FIL-A RECALLS POPULAR POLYNESIAN SAUCE DIPPING CUPS: 'PLEASE DISCARD'

Panera Bread also recently switched from its antibiotic-free policy in its pork and turkey products, writing that the policy limited its supply chain options, according to documents obtained by Reuters. 

Tyson Foods announced last summer that it was also reintroducing certain antibiotics to its chicken supply chain, having previously gone antibiotic-free in 2017.

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Reuters contributed to this report. 

https://www.foxbusiness.com/lifestyle/chick-fil-set-switch-antibiotic-free-chicken

College savings should start in kindergarten and kids should be involved: financial expertGregg Murset, CEO of the app BusyKid, says it's better to start saving for child's college education early and have them help with the responsibility along the way.

With the cost of college on the rise plus an unstable debt load, the best thing parents can do is to set children up for financial success — and that can start as early as the kindergarten years.

Gregg Murset, CEO of BusyKid, a chore app that provides kids with debit cards and financial education, believes the best way to avoid "digging yourself into a hole of debt" is by starting the saving process much earlier.

And while this may sound like a task for the parents, it's also something the kids should get involved with, according to Murset, who is based in Scottsdale, Arizona.

MANY AMERICANS VALUE COLLEGE EDUCATION, BUT STRUGGLE TO SAVE FOR RISING TUITION COSTS: SURVEY

"I think it's really important that not only the parents start thinking about this, but the kids start thinking about it, too, because who made the rules that it's all up to the parents to pay for college anyway? I don't like that rule," Murset told FOX Business.

The best way to avoid empty wallets or anxiety surrounding pricey college tuition is for parents to consider saving early because kids are not as expensive when they're younger, Murset said.

"Having lived through six children of my own and raising them, and most of them are gone now, they're much cheaper [in] the beginning," said the financial expert.

"So, it's actually smarter to start saving when they're little because they don't cost as much."

PENNSYLVANIA 6TH GRADERS 'GIVEN $1M' TO 'INVEST' IN STOCKS

For Murset, it's not about how much the family is setting aside — but rather, the fact that consistent saving is taking place.

He suggested putting the amount into a growth mutual fund with a 20-year cut-off, and then start dollar cost averaging, so you can "set it and forget it."

While kids might be more excited about attending soccer camp or dance class and aren't thinking about college, it is still important for parents to start engaging in some sort of savings conversation when they are young. Murset suggested that the ages of 4 or 5 are not too soon to start.

SUMMER SAVINGS: STUDENTS CAN COMBAT EXPENSIVE EDUCATIONAL COSTS AHEAD OF SCHOOL

"I'm a big believer that kids learn best about money by doing stuff," he said.

"They can read things, they can watch videos, but at the end of the day, they need that practical, visceral experience."

"You got to start that money conversation very young and let them practice. And they not only have to practice earning the money by actually working, but they have to learn what I call a ‘balanced financial approach.’"

Murset's "balanced financial approach" is about teaching kids to earn money, save, invest from savings — and then give some away.

5 STRATEGIC WAYS TO SAVE FOR YOUR CHILD’S COLLEGE TUITION

"I know that seems counterintuitive, but you've got to teach them that the world is a bigger place than just them," he said.

A great place to start teaching your children about earning and savings is in your own home, by assigning them chores, said Murset. He calls this a "work-money connection."

"Not only are they going to learn how to work and get something done, but you're going to get your house clean," Murset said with a laugh. 

Once they get the money that they earned, they must learn how to manage it, which is when the "balanced financial approach" comes into play.

STUDENTS HEADED FOR COLLEGE WORRIED THEY DON'T HAVE THE MONEY TO PAY FOR IT, SURVEY SAYS

For parents getting ready to send their children off to college, it is best to discuss how four years of college will be paid for while they're still in high school — so that they are not left shocked or anxious about their savings. Murset said this is the time to start exposing them to the reality of how much life costs.

"A lot of parents have this little bubble and they don't tell their kids anything, and everything's wonderful. And they're clueless, so you have to start teaching them by being more transparent," Murset said.

"This is easy, and it's actually fun," he added.

MORE COLLEGE STUDENTS ARE PUTTING THEIR EDUCATION ON HOLD: REPORTS

Murset advised asking kids to help figure out the cost of dinner at a restaurant, plus the tip, and they will start to realize that all things come with a price tag.

When a household's electric or auto insurance bills come in the mail, parents can show them how they're paying for these necessities — and they will quickly realize that life is not cheap, Murset said.

"Just be a little more transparent," he added. "Next thing you know, they're going to be like, ‘Whoa,’ and they're going to appreciate not only the money more, but they're going to appreciate you more. And that's just a bonus."

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The intent of exposing children to the reality of costs is for them to grow in financial understanding.

Once a child starts prepping for college or vocational school, parents can start what Murset calls the "accountability transfer."

This is the conversation between parent and child in which the child realizes that he or she is now responsible for the extras in life.

It may give the young ones a clear expectation of what to expect in their financial future.

When kids become responsible for their own tuition, they may take it upon themselves to find ways to lower those high tuition rates. This is when the scholarship search could begin.

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Without some sort of transfer of accountability, "[Kids] don't have any incentive to go figure out the whole scholarship thing. And then you're just wasting your money and not capitalizing on all the money that's out there for them to get help," Murset said.

"Transferring that responsibility to them lights a fire under them to go figure that out."

Teaching children the importance of saving while they're still young might even prepare them for other sizable investments in life that go beyond college.

In terms of helping kids create an investment portfolio with the mindset and understanding of what those savings are going toward, Murset said the best thing parents can do is "practice, practice, practice."

For more Lifestyle articles, visit www.foxbusiness.com/lifestyle.

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Mega Millions jackpot grows to $1.1B after no grand prize winThe Mega Millions jackpot increased to an estimated $1.1 billion after no tickets matched the winning numbers during the drawing Friday night.

The Mega Millions jackpot rose to an estimated $1.1 billion after no tickets matched the winning numbers in Friday night's drawing.

The winning numbers drawn Friday night were 3, 8, 31, 35 and 44 with a Mega ball of 16. The Megaplier was 3X.

While nobody won the estimated $977 million jackpot Friday night, five players — in California, Florida, Illinois, Nebraska and Texas — matched all five white balls to win $1 million and one player in Virginia matched all five white balls and the Megaplier to win $3 million.

MEGA MILLIONS JACKPOT NOW SITS AT $977M AFTER NO TICKETS MATCH WINNING NUMBERS

The next Mega Millions drawing will be held on Tuesday when players will attempt to win the estimated $1.1 billion grand prize, which carries a cash option of $525.8 million. Winners typically select the cash prize over the Mega Millions annuity paid out as one immediate payment followed by 29 annual payments.

The odds of winning the grand prize are 1 in 302,575,350, according to the game.

The Mega Millions jackpot was last won on Dec. 8, when two winners in California matched all six numbers to take home the $395 million prize.

MEGA MILLIONS JACKPOT REACHES $875M AFTER NOBODY WINS GRAND PRIZE

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The record $1.602 billion jackpot was won in Florida on Aug. 8, 2023. That prize is the world’s largest lottery ever won on a single ticket.

The current $1.1 billion jackpot is the fifth-largest prize ever offered by the game.

Mega Millions is played in 45 states as well as Washington, D.C., and the U.S. Virgin Islands. The deadline for purchasing a ticket is 9:45 p.m. on draw nights.

https://www.foxbusiness.com/economy/mega-millions-jackpot-grows-1-1b-after-no-grand-prize-win

Apple under fire, Fed's Powell juices stocks and Reddit's rallyInvestors took the Federal Reserve's latest update in stride, celebrating the confirmation of several rate hikes later this year. For Apple, the news was less pleasant.

-The DOJ lowers the boom on Apple 

-Federal Reserve Chairman Jerome Powell pleases investors 

-Dow, S&P 500 and Nasdaq Composite test new all-time highs 

-Chipotle's crazy 50-for-1 stock split 

-Reddit is America's newest public company, and shares rocket

-New details emerge in the curious death of the Boeing whistleblower 

-Ben & Jerry's getting the boot after years of political leanings 

-After 81 years, craft store Joann files for Chapter 11 

-Meta CEO Mark Zuckerberg treats himself to a big boy superyacht 

DOJ BITES APPLE: The Department of Justice is accusing Apple, the world's most valuable company, of operating a monopoly in the administration's latest clampdown on big techcontinue reading here.  

VIDEO: Apple's lawsuit is no easy fix, say investors. 

LIVE PRICES FOR CRYPTOCURRENCIES: HERE

THREE'S A CHARM?: Federal Reserve Chairman Jerome Powell did not disappoint as he confirmed three interest rate hikes are still in the cards this year despite sticky inflation after policymakers held rates steady at the March meeting…continue reading here. 

VIDEO: Wharton's top professor was taken aback by Powell.  

5 STRATEGIES TO BUILD YOUR EMERGENCY FUND

INVESTORS CELEBRATE: After the dovish move by the Fed, stocks ended mixed on Friday. But the Dow Jones Industrial Average and the S&P 500 closed out the best week of 2024. And the Nasdaq Composite captured its fifth record close, powered by AI leader Nvidia, which has gained over 90% this year, ahead of the S&P 500's 10% advance…check markets here.

BURRITO BUSINESS: Chipotle's bottom line is so good the company announced a historical 50-for-1 stock split. The move will make the shares, which sit at a whopping $2,882 and change, more accessible to investors and employees. It also mirrors a strategy Walmart announced earlier this year…continue reading here.

VIDEO: Chipotle executive talks about chain's big expansion plans. 

REDDIT ROCKS: Social media and discussion forum Reddit executed a well-received initial public offering. The stock spiked before pulling back but ended above its $34 offering price…continue reading here.

VIDEO: An early Redditor shares his inside look at the company. 

MYSTERY DEEPENS: The surprise death of a Boeing whistleblower took a new turn this week as details emerged about his relationship with company executives…continue reading here. 

VIDEO: Boeing's safety crisis is giving a lift to chief rival Airbus. 

BYE-BYE: Ben & Jerry's parent, Uniliver, is going to jettison the ice cream brand, which has been known to take political sides…continue reading here. 

FOLLOW THE FOX BUSINESS DEBT TRACKER: HERE

CRAFT CRISIS: After 81 years, arts and crafts retailer Joann filed for Chapter 11 bankruptcy, but the retailer is still hoping to survivecontinue reading here. The move is the latest in a string of retailers shuttering storescontinue reading here.  

HAPPY BIRTHDAY TO ME: Mark Zuckerberg, CEO of Meta, which includes Facebook, Instagram and the newest platform Threads, treated himself to a special birthday gift. 

VIDEO: A bird's-eye view of Jeff Zuckerberg's new $300 million superyacht. 

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Chrysler recalls 286,000 vehicles over airbag concernsStellantis-owned Chrysler is recalling around 286,000 vehicles over concerns that side airbag inflators in certain models could rupture, causing injury or death.

Chrysler is recalling around 286,000 vehicles over concerns that the side airbag inflators in the cars may rupture, which could hurt or even kill people.

According to separate notices posted by the National Highway Traffic Safety Administration (NHTSA), the recalls involve certain Dodge Charger and Chrysler 300 vehicles from model years 2018-2021, and replacement parts for airbags in roughly 1,000 vehicles.

The notices state that the side curtain airbag inflators may rupture, which "may result in sharp metal fragments striking occupants, resulting in injury or death."

The warning about the recalled replacement parts adds that "an inflation rupture when not installed in a vehicle can result in injury or death of people nearby."

DODGE-PARENT STELLANTIS LAYING OFF HUNDREDS OF US WORKERS

The automaker plans to mail notices to owners of the vehicles impacted by the recall in early May, and dealers will replace both side airbags, free of charge.

Stellantis-owned Chrysler said certain vehicles may have been equipped with SABIC inflators that had moisture introduced during supplier manufacturing. This may lead to stress corrosion and potential rupture.

HYUNDAI, KIA RECALL OVER 147K VEHICLES DUE TO DAMAGED CHARGING UNIT

These inflators do not use the same propellant or inflator design as previously recalled Takata airbags, the automaker said.

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Stellantis last year had warned 29,000 owners of 2003 Dodge Ram pickups to immediately stop driving pending repairs after one person was killed when a Takata airbag inflator exploded.

Reuters contributed to this report.

https://www.foxbusiness.com/markets/chrysler-recalls-286000-vehicles-airbag-concerns

US national debt tracker for March 22, 2024: See what American taxpayers (you) owe in real timeThe U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.

The U.S. national debt is climbing at an astronomical pace and has shown no signs of slowing down despite the heightened scrutiny on government spending.

The national debt — which measures what the U.S. owes its creditors — increased to $34,578,032,221,509.83 as of Thursday afternoon, according to the latest numbers published by the Treasury Department. That is up about $16.8 billion from the $34,561,173,662,194.19 figure reported the previous day.

By comparison, just four decades ago, the national debt hovered around $907 billion.

The outlook for the federal debt level is bleak, with economists increasingly sounding the alarm over the torrid pace of spending by Congress and the White House

SOARING DEFICITS TO PUSH PUBLICLY HELD DEBT TO RECORD LEVEL IN 4 YEARS

The latest findings from the Congressional Budget Office indicate that the national debt will grow to an astonishing $54 trillion in the next decade, the result of an aging population and fishing federal health care costs. Higher interest rates are also compounding the pain of higher debt.

Should that debt materialize, it could risk America's economic standing in the world.

Our debt is rising out of control, and it’s time for Congress to wake up.

"America’s fiscal outlook is more dangerous and daunting than ever, threatening our economy and the next generation," said Michael Peterson, the CEO of the Peter G. Peterson Foundation that advocates for reducing the federal deficit. "This is not the future any of us want, and it’s no way to run a great nation like ours."

LARGE DEFICITS, HIGH INTEREST RATES MAKING FEDERAL DEBT LESS SUSTAINABLE

The unrelenting increase is what prompted Fitch Ratings to issue a surprise downgrade of the nation's long-term credit score in mid-2023. The agency cut the U.S. debt by one notch, snatching away its pristine AAA rating in exchange for an AA+ grade. In making the decision, Fitch cited alarm over the country's deteriorating finances and expressed concerns over the government's ability to address the ballooning debt burden amid sharp political divisions. 

"This is a warning shot across the U.S. government's bow that it needs to right its fiscal ship," Sean Snaith, an economist at the University of Central Florida, told FOX Business. "You can't just spend trillions of dollars more than you have in revenue every year and expect no ill consequences."

The spike in the national debt follows a burst of spending by President Biden and Democratic lawmakers. 

As of September 2022, Biden had already approved roughly $4.8 trillion in borrowing, including $1.85 trillion for a COVID relief measure dubbed the American Rescue Plan and $370 billion for the bipartisan infrastructure bill, according to the Committee for a Responsible Federal Budget (CRFB), a group that advocates for reducing the deficit.

THE US IS PAYING A RECORD AMOUNT OF INTEREST ON ITS NATIONAL DEBT

While that is about half of the $7.5 trillion that former President Donald Trump added to the deficit while he was in office, it's far more than the $2.5 trillion Trump had approved at that same point during his term. 

Biden has repeatedly defended the spending by his administration and boasted about cutting the deficit by $1.7 trillion. 

"I might note parenthetically: In my first two years, I reduced the debt by $1.7 trillion. No President has ever done that," Biden said recently. 

However, that figure refers to a reduction in the national deficit between fiscal years 2020 and 2022; while the deficit did shrink during that time period, that is largely because emergency measures put into place during the COVID-19 pandemic expired. 

The White House has also tried to blame Republicans for the astronomical rise in debt in recent years.

"This is the trickle-down debt — driven overwhelmingly by repeated Republican giveaways skewed to big corporations and the wealthy," Michael Kikukawa, White House assistant press secretary, said in a statement provided to FOX Business after the debt surpassed $34 trillion.

US NATIONAL DEBT TOPS $34T FOR FIRST TIME IN HISTORY

Even more worrisome is that the spike in interest rates over the past year and a half has made the cost of servicing the national debt more expensive.

That is because as interest rates rise, the federal government's borrowing costs on its debt will also increase. In fact, interest payments on the national debt are projected to be the fastest-growing part of the federal budget over the next three decades, according to the CRFB.

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Payments are expected to triple from nearly $475 billion in fiscal year 2022 to a stunning $1.4 trillion in 2032. By 2053, the interest payments are projected to surge to $5.4 trillion. To put that into perspective, that will be more than the U.S. spends on Social Security, Medicare, Medicaid and all other mandatory and discretionary spending programs.

"We are clearly on an unsustainable fiscal path," CRFB President Maya MacGuineas said. "We need to do better."

While the debt has been a source of concern among politicians and budget hawks, just how worried should you be about the nation's rapid pace of borrowing? 

Experts say that the higher the debt climbs, the more the U.S. is paying in interest costs each year. Those expenses can eclipse important public investments that fuel economic growth — areas like education, research and development and infrastructure. 

"A nation saddled with debt will have less to invest in its own future," the Peter G. Peterson Foundation said.

A Pew Research Center survey published in 2023 found that 57% of Americans think reducing the budget deficit should be a top priority for the president and Congress — up from just 45% the previous year.

https://www.foxbusiness.com/economy/us-national-debt-tracker

Princess Kate Middleton's cancer announcement: Full StatementAfter months of speculation, Princess Kate Middleton disclosed she is being treated for cancer. See and read her address to the world.

Princess Kate Middleton, 42, has been undergoing preventative chemotherapy treatment after a planned abdominal surgery showed "cancer had been present." Kate did not elaborate on the form or extent of the cancer in her video announcement released on Friday. 

The Princess of Wales' update on her health comes after undergoing major surgery earlier this year and pulling back from her royal duties during her recovery period. 

*A TRANSCRIPT OF A VIDEO MESSAGE FROM CATHERINE, THE PRINCESS OF WALES released on March 22, 2024.

 I wanted to take this opportunity to say thank you, personally, for all the wonderful messages of support and for your understanding whilst I have been recovering from surgery. 

It has been an incredibly tough couple of months for our entire family, but I’ve had a fantastic medical team who have taken great care of me, for which I am so grateful. 

In January, I underwent major abdominal surgery in London and at the time, it was thought that my condition was non-cancerous. The surgery was successful. However, tests after the operation found cancer had been present. My medical team therefore advised that I should undergo a course of preventative chemotherapy and I am now in the early stages of that treatment. 

This of course came as a huge shock, and William and I have been doing everything we can to process and manage this privately for the sake of our young family. 

As you can imagine, this has taken time. It has taken me time to recover from major surgery in order to start my treatment. But, most importantly, it has taken us time to explain everything to George, Charlotte and Louis in a way that is appropriate for them, and to reassure them that I am going to be ok. 

ROYALS NEWS: FOXBUSINESS.COM 

As I have said to them; I am well and getting stronger every day by focusing on the things that will help me heal; in my mind, body and spirits. 

Having William by my side is a great source of comfort and reassurance too. As is the love, support and kindness that has been shown by so many of you. It means so much to us both. 

We hope that you will understand that, as a family, we now need some time, space and privacy while I complete my treatment. My work has always brought me a deep sense of joy and I look forward to being back when I am able, but for now I must focus on making a full recovery. 

At this time, I am also thinking of all those whose lives have been affected by cancer. For everyone facing this disease, in whatever form, please do not lose faith or hope. You are not alone. 

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https://www.foxbusiness.com/lifestyle/princess-kate-middletons-cancer-announcement-full-statement

Hyundai, Kia recall over 147K vehicles due to damaged charging unitHyundai and Kia are recalling more than a combined 147,000 cars due to damaged charging unit that could cause the car to lose power and increase the risk of a crash.

Hyundai and Kia are recalling more than 147,000 U.S. electric vehicles due to damaged charging units, federal safety regulators said. 

Kia America is recalling 48,232 vehicles, and Hyundai Motor America is recalling 98,878 vehicles, according to separate notices posted on the National Highway Traffic Safety Administration (NHTSA) website.

According to the notices, "the Integrated Charging Control Unit (ICCU) may become damaged and stop charging the 12-Volt battery, which can result in a loss of drive power." 

MORE THAN 3.7M CARS ON THE ROAD HAVE 'PARK OUTSIDE' RECALLS, CARFAX SAYS

This, in turn, could increase the risk of a crash, NHTSA warned. 

Kia's impacted vehicles include certain EV6 cars, with model years between 2022 and 2024 affected. Hyundai's impacted cars include certain IONIQ 5 vehicles with model years between 2022 and 2024. 

Certain IONIQ 6, Genesis GV60, Genesis GV70 "Electrified," and Genesis GV80 "Electrified" vehicles manufactured between 2023 and 2024 are also affected. 

GM RECALLING 820,000 PICKUP TRUCKS OVER TAILGATE ISSUE

In the March 14 and March 15 notices, Kia and Hyundai said that dealers will "replace the ICCU and its fuse, as necessary." Dealers will also update the ICCU software, all of which will be free of charge. 

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Kia owners are expected to get a letter by mail in late April if their car is affected and needs an inspection. Hyundai owners will be notified by May. 

https://www.foxbusiness.com/lifestyle/hyundai-kia-recall-over-147k-vehicles-damaged-charging-unit

Use these 5 expert strategies to build your emergency savings fundAn emergency fund should be a priority for Americans in order to be prepared for unforeseen and urgent expenses. Experts suggest having several months of living expenses saved.

An emergency fund should be a priority for Americans to be prepared for unforeseen and urgent expenses. Experts recommend you should have several months of living expenses saved that can be used for emergency situations.

"We recommend having three to six months’ worth of expenses saved in an emergency savings fund but even as little as a few hundred dollars has been found to significantly increase financial stability," Meagan Dow, senior strategist at Edward Jones, told FOX Business. "For example, if you can put away $50 per month, within a year you'd have $600, or more, with interest saved up for an emergency. While at the moment you may not feel a difference, putting that money aside month over month, it does make an impact in the long run."

Life is unpredictable, and unexpected expenses may arise, like needing home or car repairs, Dow said.

"Or, your income can drop, such as if your hours get cut, or you lose your job," she said.

MOST AMERICANS CANNOT AFFORD A $1K EMERGENCY EXPENSE

In addition, other emergency situations can also come about, like medical events or expenses.

"This can cause both an increase in unexpected expenses and a drop in income at the same time," Dow noted.

Dow explained that having a "rainy day" fund helps you avoid going into debt or dipping into your retirement savings when things don’t go as planned.

"It also gives you the ability to live your life more on your own terms," she added. "It can give you the flexibility to make changes that you might not make if you weren’t financially comfortable, such as leaving a bad job or relationship. If you have the funds, you have more freedom to make a change."

Dow said the best time to create an emergency fund is at the start of the new year.

COST OF LIVING HINDERS YOUNGER GENERATIONS FROM SAVING FOR RETIREMENT: FIDELITY

"Now is a good time to commit to better financial habits," Dow explained. 

In fact, according to a recent Edward Jones study, for those who were unable to maintain financial resolutions in 2023, one of the top factors hurting their efforts was unexpected life events (51%).

"Building your financial reserve now will allow you to not let 2024 catch you off guard," Dow said.

Split your paycheck

Most employers allow employees to deposit their paycheck in multiple places, Dow said.

CRAFTING RESILIENT FINANCIAL GOALS FOR LASTING SUCCESS IN 2024

"If this is an option for you, allocate part of your paycheck to go directly to a separate account that serves as your emergency fund," Dow told FOX Business. "Creating an easy, frictionless, automated option to build your emergency savings fund can help ensure you stay on track and not ‘miss’ the funds."

Save "found" money

Pre-commit to using a portion, like a third or half, said Dow, of any financial windfall such as a tax refund, job bonus or gifts to your emergency savings fund.

"Since there isn’t likely a budget for the extra funds, it doesn’t feel as painful as allocating everyday income," she said. "Plus, you're only using part of it, so you still use the rest for something you can enjoy more immediately.

Pick up a side gig

If you don't have room in your budget to save, and you have the ability in your schedule, consider a part-time job to build your emergency savings. You don't have to do it forever, but you can use the earnings from a side hustle to fund your emergency savings without touching your primary income for day-to-day expenses.

Make your money work for you

Take the time to review your portfolio.

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"For example, if you have all of your money in a low-interest-rate savings account, you can help grow your money at a faster rate by putting it in a high-yield money market account or a CD," suggested Sandra McPeak, managing director at Wells Fargo Advisors. "This can easily be done online or through a brokerage, and with automatic transfers, you won’t have a monthly hassle."

De-clutter your home

Incorporate a trash-to-treasure mindset, said McPeak. You can donate clothes, furniture, toys or even old vehicles to a nonprofit and be rewarded with a tax write-off, she said. Plus, you can try and sell your unwanted or unneeded items that are in good condition and deposit any proceeds in your emergency fund.

https://www.foxbusiness.com/personal-finance/use-these-5-expert-strategies-to-build-your-emergency-savings-fund

Gas prices rise as spring season approaches: AAAAlthough demand is down, gas prices are still rising due to an increase in oil prices.

Spring is finally here, and that means a rise in gas prices. Gas prices rose by 11 cents on average this week, according to AAA’s weekly report. The average gas price now sits at $3.52 per gallon.

"Gas prices are a lot like seasonal temperatures," AAA spokesperson Andrew Gross said. "They start to rise with the arrival of spring."

Rising oil prices are to blame for the higher costs at the pump. Midwestern states are the only ones likely to see a slight decrease in prices now that the BP Whiting oil refinery in Indiana is back in business after being shut down since February.

"And the national average for gas is now higher than a year ago, which we have not seen since late December," Gross said. 

Today’s national average of $3.52 is nine cents more than a year ago at this time. It’s also 25 cents more than a month ago.

Although prices are higher, gas demand is actually down slightly. According to data from the Energy Information Administration, demand decreased from 9.04 barrels per day to 8.81 million barrels per day last week.

Want to keep your car costs down despite high gas prices? Comparing multiple insurance quotes can potentially save you hundreds of dollars per year. Visit Credible now to compare quotes free of charge.

MANY DRIVERS ARE SPENDING OVER 30% OF THEIR MONTHLY INCOME ON AUTO LOANS, CAR INSURANCE COSTS ALSO RISING

The states that have seen the largest increase in gas prices include the following 10 states:

Some of these states overlap with the most expensive markets in the country. These markets include:

If you're worried about rising prices, focus on lowering auto-related costs you can control, like your auto insurance rates. Car insurance rates vary based on a variety of factors — from your credit score to driving habits. Use Credible's free tools to shop around for a lower rate.

CAR INSURANCE COSTS TO KEEP RISING IN 2024 – PAY LESS IN THESE US STATES

In the ever changing world of electric vehicles, the Biden Administration finalized a rule that intends to encourage consumers to buy electric and hybrid vehicles.

The rule will slowly limit the amount of pollution allowed from vehicle tailpipes. By 2032, more than half of new cars sold would need to be emission-free to meet this new standard. This final ruling will help avoid billions of tons of CO2 emissions through 2055.

"With transportation as the largest source of U.S. climate emissions, these strongest-ever pollution standards for cars solidify America’s leadership in building a clean transportation future and creating good-paying American jobs," EPA Administrator Michael Regan said in the press release.

"The standards will slash over 7 billion tons of climate pollution, improve air quality in overburdened communities, and give drivers more clean vehicle choices while saving them money," Regan said.

The rule builds on the EPA’s current emissions standards for cars and light-duty trucks for models starting in 2023 through 2026.

 "Consumers have tons of choices," said John Bozzella, Alliance for Automotive Innovation president and CEO. "But pace matters. Moderating the pace of EV adoption in 2027, 2028, 2029 and 2030 was the right call because it prioritizes more reasonable electrification targets in the next few (very critical) years of the EV transition." 

Whether you have an electric vehicle or not, don't overpay for your car insurance. With Credible, you can compare rates and lenders with the click of a button.

NUMBER OF ELECTRIC VEHICLES THAT QUALIFY FOR NEW ELECTRIC VEHICLE TAX CREDIT DROPS TO 13

Have a finance-related question, but don't know who to ask? Email The Credible Money Expert at moneyexpert@credible.com and your question might be answered by Credible in our Money Expert column.

https://www.foxbusiness.com/personal-finance/oil-prices-rise-gas-prices-follow-suit