Business
Chemicals Giant BASF Hikes Prices Again as Mideast War Drives Up Costs
BASF BAS 2.40%increase; green up pointing triangle said it is raising prices sharply for more of its products, adding to a rash of price hikes among chemical makers as raw-materials costs soar due to the U.S. and Israel’s war with Iran.
The German group said Wednesday it would lift prices of commodity amines in Europe by up to 30%, with some price tags rising even more markedly. Amines are used as solvents and catalysts in an array of industries, from pharmaceuticals to personal care and agrochemicals.
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Business
WashTec AG (WHTAF) Discusses Strategic Importance of Global Services and Digital Solutions in Carwash Operations – Slideshow
WashTec AG (WHTAF) Discusses Strategic Importance of Global Services and Digital Solutions in Carwash Operations – Slideshow
Business
Velo3D: Turnaround Goal Just Pushed Further Out, Investors Are Not Happy (NASDAQ:VELO)
MSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
Detroit Metropolitan Airport TSA Wait Time Remain Short Between 2 and 5 Minutes
Travelers at Detroit Metropolitan Wayne County Airport faced minimal delays at security checkpoints Thursday, with wait times hovering between 2 and 5 minutes across its two main terminals, providing welcome relief amid broader national worries about TSA staffing shortages and spring travel surges.

The Wayne County Airport Authority reported real-time security wait times of just 2 minutes at the Evans Terminal and 5 minutes at the McNamara Terminal on its official website as of early Thursday morning. Those figures align with consistent reports from recent days, where lines rarely exceeded 7 minutes even during moderate traffic periods.
Detroit Metro, or DTW as it is commonly known, serves as Michigan’s busiest airport and a major hub for Delta Air Lines. It handled more than 40 million passengers in recent years, yet its security operations have remained notably efficient compared to many larger U.S. hubs where lines have stretched for hours this week.
Airport officials and local news outlets noted that despite a partial government shutdown affecting some federal operations, DTW has avoided the long queues seen elsewhere. As of Tuesday afternoon, waits stood at 6 minutes in Evans and 7 minutes in McNamara, according to multiple reports. By Wednesday and into Thursday, those numbers dipped even lower in off-peak hours.
“DTW continues to move passengers through security smoothly,” a Wayne County Airport Authority spokesperson said. “We encourage travelers to check our website for the latest updates before heading to the airport.”
The airport’s homepage features a prominent security wait time display that refreshes regularly, showing separate estimates for each terminal. Evans Terminal, which primarily serves non-Delta carriers, and the larger McNamara Terminal, home to Delta’s operations, both benefit from multiple checkpoints and expedited lanes.
Typical TSA wait times at DTW average between 10 and 20 minutes throughout the day, with peaks during early morning Delta banks around 5 a.m. to 8 a.m. and afternoon rushes from 3 p.m. to 7 p.m. Historical data shows waits climbing to 20-25 minutes during those busy windows, but rarely beyond 30-35 minutes even on heavier travel days.
Travelers can further shorten their experience through TSA PreCheck, CLEAR biometric screening, and Global Entry. PreCheck lanes often clear in under 5 minutes, while standard lines move steadily thanks to adequate staffing levels at DTW compared to airports reporting agent call-outs elsewhere.
Airport authorities recommend arriving 90 minutes before domestic flights and 120 minutes before international departures to account for parking, ticketing and potential bag checks. “Give yourself plenty of time for parking, baggage check, and TSA wait lines,” the official guidance states.
This week, while some East Coast and Southern airports saw waits balloon to 2-3 hours due to spring break crowds and staffing issues tied to the partial shutdown, DTW stood out as an exception. Local media highlighted passenger reports of breezing through security in minutes, contrasting sharply with chaos at hubs like Atlanta, Houston and Charlotte.
One traveler departing Wednesday afternoon described the process as “shockingly quick.” “I was through McNamara security in about four minutes with PreCheck,” the passenger said. “I’ve had longer waits at much smaller airports.”
DTW offers multiple security checkpoints. In the McNamara Terminal, options include the main north and south checkpoints, with additional lanes during peak times. The Evans Terminal features checkpoints in the main lobby area. Signs direct passengers to the appropriate lines based on their boarding pass and trusted traveler status.
TSA PreCheck enrollment remains popular at DTW. The on-site enrollment center, located in the McNamara Terminal’s domestic baggage claim, allows eligible travelers to apply and often receive conditional approval on the spot. Members keep shoes and light jackets on and leave laptops and liquids in bags, speeding the process considerably.
CLEAR, the biometric identity platform, is also available at DTW and pairs well with PreCheck for even faster entry. Frequent flyers report combined use reducing total security time to 2-3 minutes on average.
Beyond expedited programs, the airport maintains efficient operations through technology and staffing strategies. Advanced imaging systems and automated tray returns help keep lines flowing. During busier periods, additional TSA officers are deployed to open more lanes.
For those without PreCheck, standard screening still moves relatively quickly at DTW. Passengers must follow the familiar 3-1-1 liquids rule — containers of 3.4 ounces or less in a single quart-sized bag — and remove electronics larger than a cellphone. The MyTSA app from the Transportation Security Administration provides historical wait estimates and real-time crowd reports submitted by fellow travelers.
DTW’s two-terminal layout helps distribute passenger flow. McNamara handles the bulk of traffic with its iconic architecture, including the dramatic light tunnel connecting concourses. Evans serves as a more compact alternative for other airlines. Both terminals offer ample dining and shopping options post-security, allowing passengers to relax once cleared.
Current alerts on the airport website include three active notices, primarily related to construction or parking updates, but none impacting security operations directly. Flight status remains largely on time, with no widespread delays attributed to security bottlenecks.
Travel experts advise checking wait times immediately before departure. The official metroairport.com site provides the most accurate real-time data, updated frequently. Third-party sites and the MyTSA app offer helpful supplements based on historical patterns and user reports.
Peak travel seasons, including summer vacations and holidays, typically see higher averages, but even then DTW rarely ranks among the worst for delays. Its central Midwest location and strong local TSA workforce contribute to reliability.
As spring break continues nationwide, DTW officials urge passengers to monitor both the airport site and their airline apps. Weather in the Detroit area remains mild for late March, with no major storms forecast that could exacerbate ground delays.
For international travelers, global entry and mobile passport control can further expedite entry upon return, though departure security follows the same domestic protocols.
Parents traveling with children or those needing assistance can request expedited screening or use family lanes where available. The airport also provides wheelchair and mobility services through airlines or third-party providers.
Business travelers appreciate DTW’s efficiency, often citing it as one of the smoother large-airport experiences in the country. With Delta’s extensive network, many connect through the hub without long security re-checks thanks to efficient design.
Looking ahead, the Wayne County Airport Authority continues investing in infrastructure. Future enhancements may include additional automated screening lanes and expanded PreCheck capacity to handle growing passenger volumes.
In the meantime, Thursday’s sub-5-minute waits underscore DTW’s reputation for traveler-friendly operations even when federal challenges arise elsewhere.
Passengers planning trips through Detroit Metro this week can breathe easier. While national headlines highlight TSA strains, local reality at DTW points to short lines and smooth sailing — a reassuring note for anyone flying soon.
To stay informed, bookmark metroairport.com or download the MyTSA app. A few minutes of preparation can turn potential stress into a stress-free start to any journey.
Business
New proposal would cap Social Security benefits at $100K for wealthy couples
Social Security is facing the threat of insolvency in less than a decade and a new proposal would cap the amount of Social Security benefits that a couple could receive each year at $100,000.
The aging of America’s population is draining the balance of Social Security’s main trust fund, which is projected to be depleted in 2032. Funds for Social Security benefits are drawn from the trust fund along with payroll taxes, and they would be automatically cut by law at the time of insolvency to match incoming revenue, reducing benefits by an estimated 24% across the board.
The nonpartisan Committee for a Responsible Federal Budget (CRFB) launched a Trust Fund Solutions Initiative to explore options for improving Social Security’s solvency, with one such proposal capping six-figure benefits to the wealthiest couples.
The Six Figure Limit (SFL) proposal would put in place a $100,000 cap on the total benefit a couple retiring at the normal retirement age can receive, with adjustments based on marital status and claiming age. For single retirees, the limit on Social Security benefits would be $50,000.
SOCIAL SECURITY’S MAIN TRUST FUND FACES DEPLETION IN 2032, TRIGGERING AUTOMATIC BENEFIT CUTS
CRFB noted that while only a small fraction of retirees is currently receiving $100,000 in Social Security benefits as a couple or $50,000 as an individual, such figures will become more common over time as Social Security’s benefit formula changes.
The SFL would cap Social Security benefits such that no couple collecting benefits at their normal retirement age could claim retirement benefits greater than $100,000 per year.
It would also adjust the limit based on marital status and the age at which they begin receiving benefits. A couple who delayed collecting benefits as long as possible until age 70 would have a $124,000 limit, whereas a couple who start collecting benefits as early as possible at age 62 would have a $70,000 annual limit.
SHOULD THE SOCIAL SECURITY COLA BE MEASURED WITH A SENIOR-FOCUSED INFLATION METRIC?
CRFB worked with Jason DeBacker of the Open Research Group to model a trio of options, including a $100,000 limit indexed to inflation, a limit frozen at $100,000 for 20 years and then indexed to average wage growth, and a limit frozen at $100,000 then indexed to average wage growth after 30 years.
It found that the inflation-indexed SFL would save $100 billion over 10 years, while closing 20% of Social Security’s 75-year shortfall and 55% of the shortfall in the 75th year.
Both the 20- and 30-year fixed limit before indexing would save $190 billion over 10 years, and while the 20-year proposal would close 25% of the shortfall, the 30-year option would close 55% of the 75-year shortfall and 60% of the shortfall in the 75th year.
“Athough the SFL would not significantly delay the date of insolvency of the Social Security trust funds on its own, it could meaningfully delay insolvency in combination with other reforms,” CRFB wrote.
It added that the 20-year SFL would delay insolvency by seven years in conjunction with an employer compensation tax, while the 30-year SFL with an employer compensation tax would permanently restore solvency for 75 years and beyond.
BUDGET DEFICIT HITS $1 TRILLION IN FIRST FIVE MONTHS OF FISCAL YEAR: CBO
The analysis found that the SFL would affect only the top 0.05% of couples in the early years of its implementation who have benefits over $100,000 and total average retirement income over $2.5 million per year, with an average net worth above $65 million.
Over time, more retirees would be affected by the SFL, with the top 1% of couples receiving 5% less in benefits on average by 2030 with no impact on the bottom 90%. That would shift to a 7% benefit reduction in 2040 for the top 1% and no impact on the bottom 80%; and to a 24% benefit reduction for the top 1% in 2060 with no impact on the bottom 70% of households.
Senior advocacy groups have expressed skepticism of proposals that could reduce the Social Security benefits received by Americans.
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“Proposals that focus on capping Social Security don’t address the problem in front of Congress: ensuring every American gets every dollar they have earned,” said AARP VP of financial security and livable communities Jenn Jones.
“What’s worse, ideas like this risk becoming a backdoor to broader cuts. AARP urges policymakers to focus on bipartisan solutions that protect and strengthen Social Security, not cut it,” Jones added.
Business
Form 144 NETLIST INC For: 25 March

Form 144 NETLIST INC For: 25 March
Business
Bwxt stock hits all-time high at 220.79 USD

Bwxt stock hits all-time high at 220.79 USD
Business
Iran war squeezes Asia energy supply as India, Japan feel strain
SlateStone Wealth chief market strategist Kenny Polcari discusses the outlook for the markets amid reports of a U.S. peace proposal to Iran, Jamie Dimon’s remarks about the war in Iran and investment strategy on ‘Varney & Co.’
The latest phase of the Iran war is locked on the Strait of Hormuz and critical energy infrastructure. Already, its effects are rippling thousands of miles away in Asia.
Asia is at the front line of the energy crisis, with shortages hitting nearly every country. Roughly a fifth of the world’s oil flows through the Strait of Hormuz, with some 80% going to Asia, according to the International Energy Agency.
As Iran refuses to open the strait, Asia is scrambling to mitigate disruptions and is being forced to take measures reminiscent of COVID-era actions.
Asia is especially susceptible due to its heavy import dependence, weaker currencies and large populations. And the impact has hit households fast.
The conflict has disrupted sectors from air travel and shipping to gas supplies. People are struggling to cook and businesses across the board are bearing the brunt as liquefied petroleum gas imports slow.
A STATE-BY-STATE LOOK AT GAS PRICES AS IRAN CONFLICT PUSHES OIL HIGHER

Commercial vessels are pictured offshore in Dubai on March 11, 2026. (AFP via Getty Images / Getty Images)
Widespread disruptions have hit South Asia in particular, which is extremely reliant on Middle Eastern oil. India, which imports nearly 90% of its crude and about half its natural gas from abroad and is the world’s third-biggest oil importer and consumer, has been left especially vulnerable.
Yesterday, President Donald Trump and Indian Prime Minister Narendra Modi spoke on the phone, their first call since the Feb. 28 war broke out. In a post on X, Prime Minister Modi stressed, “Ensuring that the Strait of Hormuz remains open, secure and accessible is essential for the whole world.”
The Strait of Hormuz serves as a conduit for more than 40% of India’s crude oil imports.
This week, two tankers bound for India sailed through the strait. Vessels with ties to China, Pakistan and Thailand have also transited successfully, while several other Asian governments are in talks with Tehran to secure passage.
But a lot of these imports are expected to be used for non-power, industrial purposes such as fertilizer production, leaving the public left in the lurch.
In a new move that shows the precariousness of the situation, India’s Reliance Industries, which operates the world’s biggest refining facility, reportedly bought 5 million barrels of Iranian oil. The deal marks India’s first such purchase since 2019 and comes days after the U.S. temporarily lifted sanctions.
“All our kitchens run on gas and so, they’ve all been hit,” Indian hospitality veteran AD Singh told FOX Business. “We have been forced to stop serving several items and shorten our menus, doing our best given what we have. But people are worried and livelihoods are at stake. It’s not a positive feeling,” the founder and managing director of the Olive Group of restaurants said.
KEVIN O’LEARY FORECASTS GLOBAL POWER SHIFT IN STRAIT OF HORMUZ AS IRAN CONFLICT RATTLES OIL MARKETS

Qatar Energy facilities in Mesaieed Industrial City, south of Doha, on March 4, 2026, after the company announced a shutdown of LNG production following reported Iranian attacks. (Stringer/Getty / Getty Images)
It’s a similar story in much of the subcontinent.
Two of Asia’s most advanced economies have also been hit hard. But while South Asia feels it more at the household level, Japan and South Korea are facing a different kind of strain.
The two east Asian nations are being rocked by surging import costs, forcing factories to scale back and governments to tap emergency reserves.
Japan, which imports more than 90% of its oil from the region, has begun tapping strategic reserves. South Korea is weighing reserve releases and emergency support measures.
Unlike India, both countries have larger financial buffers and energy stockpiles, allowing them to cushion the immediate impact even though structural risks remain high.
Strikes are hitting many nations, like India, Bangladesh and the Philippines as frustrations grow. Online rumors are deepening the chaos and prompting panic buying. In a few countries like India, police are being deployed at gas stations.

Mount Fuji and the Shinjuku skyline seen from an observation deck in Tokyo, Japan, on Dec. 26, 2023. (Akio Kon/Bloomberg via Getty Images / Getty Images)
As Asia grapples with this energy crisis, many countries are now turning back to coal and firewood to offset their gas needs.
Induction cooking equipment is flying off the shelves in LPG-dependent India, and early warning signs are popping up elsewhere in the region. Energy shocks are now showing up on dinner tables as well.
“It’s taking some time to get set on these new ways,” AD Singh told FOX Business.
AMERICAN DRONE COMPANY CHALLENGES CHINESE DOMINANCE WHILE PREPARING TROOPS FOR SWARM ATTACKS
Japan and South Korea are accelerating plans to boost nuclear energy.
Several Asian countries have also released petrol and diesel from domestic reserves, temporarily loosened fuel standards and stepped up domestic production.
Emergency regulatory steps are beginning to sweep the region, from severe austerity measures in Sri Lanka to strict fuel rationing in Bangladesh.

People refuel their motorbikes at a fuel station in Dhaka, Bangladesh, on March 17, 2026. (Mamunur Rashid/NurPhoto via Getty Images / Getty Images)
The Philippines just became the first country to declare a national energy emergency, warning of “an imminent danger of a critically low energy supply.” The island imports 98% of its oil from the gulf.
Meanwhile, China just dialed back on planned fuel price hikes in a bid to “reduce the burden” on the population.
Some governments are also weighing stimulus packages and energy-saving campaigns are flooding social media as record-high costs bite household budgets.
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“Any scarcity of essential fuels has a cascading effect across the continent,” Singh told FOX Business. “When it comes to food, ingredient prices rise, operation costs increase and business volumes are affected. And with the news all over the place, people are spooked.”
Business
Finance Minister Nirmala Sitharaman moves Bill to amend IBC, speed up resolution
The Insolvency and Bankruptcy Code (Amendment) Bill, 2025, also proposes frameworks for faster resolution of cross-border and corporate group insolvency cases.
Sitharaman moved the bill, as “reported by” the select House committee that vetted it, for the Lok Sabha’s consideration.
The amendments, the first since 2021 and the seventh since the law’s inception in 2016, introduce new concepts and streamline existing processes to reduce delays in resolving insolvent companies that erode asset value, experts said.
Between April and December 2025, the average resolution time rose to 764 days, excluding periods exempted by the National Company Law Tribunal, compared with 597 days as of March 2025. The IBC currently stipulates a 330-day deadline, including litigation time, for resolution. The proposed creditor-led resolution process will have a 150-day deadline. It allows a majority of unrelated financial creditors and the debtor to reach an informal agreement on a rescue plan, limiting the NCLT’s role to affirming the moratorium and approving the plan, experts said. Unlike the current system, the corporate debtor will continue to manage the company under the supervision of a resolution professional. Lenders will have the option to choose between the new framework and the existing corporate insolvency resolution process.
“The amendments mark the transition of the IBC to a new phase-from mistrust to trust, from regime punishing lack of governance to a regime motivating governance and from an adversarial approach to a conciliatory one based on coordination for insolvency resolution,” said Anoop Rawat, national practice head (insolvency and restructuring practice) at Shardul Amarchand Mangaldas.
The bill proposes a framework, aligned with a model UN law, to enable creditors to handle cases where a bankrupt company has assets or creditors overseas, and to seek cooperation from other jurisdictions.
Business
Tillamook unveils ice cream bars

The frozen novelties are offered in four flavors.
Business
Stewart upgrades virtual underwriter platform with AI agent

Stewart upgrades virtual underwriter platform with AI agent
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