Business
Fighting for Big Change & Winning Big
Michael Jordan, the NBA legend whose relentless drive produced six championships and a legacy of unmatched competitiveness, has carried that same “competitive gene” into NASCAR ownership. Through 23XI Racing and a high-stakes antitrust lawsuit against the sport’s governing body, Jordan has pushed for structural reforms while his team delivers dominant early results in the 2026 Cup Series season.
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In a recent interview with CBS’ Gayle King, Jordan made clear the lawsuit was never just business. “I was all in. I was aggressively gonna win,” he said, adding that he was prepared to risk being “kicked out of the sport” if it meant waking people up to what he viewed as unfair practices. “I became a competitor all over again.”
Jordan co-owns 23XI Racing with driver Denny Hamlin. The team entered the spotlight when it, along with Front Row Motorsports, refused to sign NASCAR’s 2024-2025 charter agreement, calling it a “take it or leave it” deal that favored the France family-controlled organization. The resulting federal antitrust lawsuit accused NASCAR of monopolistic practices that limited team equity and revenue sharing.
The case reached trial in December 2025 in Charlotte. After eight days of testimony — including Jordan taking the stand and describing himself as unafraid to challenge the sport’s power structure — the parties settled on Dec. 11. The agreement delivered permanent “evergreen” charters for all teams, improved revenue distribution, and a stronger voice for team owners in future decisions. NASCAR avoided a jury verdict on monopoly claims, while 23XI and Front Row secured the stability they sought.
Jordan framed the outcome as progress for the entire sport. In a joint statement, he said the lawsuit was “about making sure our sport evolves in a way that supports everyone: teams, drivers, partners, employees and fans.” He emphasized building equity and investing in the future so NASCAR can grow for generations.
The settlement cleared the way for a focused 2026 season. 23XI Racing has responded with explosive on-track performance that has turned heads across the garage. Driver Tyler Reddick, in the No. 45 Toyota, opened the year with back-to-back victories at the Daytona 500 and Atlanta Motor Speedway. He added wins at Circuit of the Americas and Darlington Raceway, giving the team four victories in the first six races of 2026 — a historic pace in the Next Gen car era.
Reddick’s Daytona triumph marked 23XI’s first Daytona 500 win. Jordan, who attended the race, reacted with visible emotion, later saying it “feels like I won a championship” and praising Reddick’s “clutch gene” under pressure. Teammate Bubba Wallace, in the No. 23 car, has posted consistent top-15 finishes and sits near the top of the standings alongside Reddick.
The team’s third full-time entry, the No. 35 driven by Riley Herbst, and development driver Corey Heim’s expanded Cup schedule add depth. Jordan has been a visible presence at races, celebrating wins in Victory Lane and underscoring his hands-on approach. Brand momentum has followed: Jordan Brand has deepened its involvement, outfitting pit crews with specialized shoes and exploring retail collaborations, while sponsors show growing interest.
Jordan’s entry into NASCAR ownership in 2020 was rooted in personal passion. A longtime fan influenced by his father, he saw an opportunity to bring his competitive ethos to a sport he loved. Early on, he spoke of wanting to win races and championships while helping diversify the fan base and garage. His partnership with Hamlin combined basketball royalty with NASCAR expertise.
The charter dispute tested that commitment. Jordan testified that he felt compelled to act when he perceived the system limited teams’ ability to build sustainable value. “Someone had to step forward,” he told the court. “I wasn’t afraid.” He described learning the business side of NASCAR and becoming dissatisfied with aspects that he believed hindered growth and fairness.
Critics and supporters alike noted the lawsuit’s significance. Without Jordan’s resources and willingness to confront the France family — NASCAR’s controlling owners — the challenge might never have reached this point. Analysts described the settlement as a win for teams seeking permanence and a pragmatic outcome that allowed the sport to move forward without prolonged disruption.
NASCAR executives have acknowledged the need for evolution. The new charter framework provides long-term stability that many owners had sought for years. With the legal chapter closed, attention has shifted to competition and growing the sport’s audience. Jordan’s high profile and 23XI’s early success have generated fresh buzz, potentially attracting younger fans and corporate partners.
On the track, Reddick’s dominance has drawn praise from veterans like Kevin Harvick, who credited 23XI with having the fastest cars in the early going. The team has adapted well to NASCAR’s 2026 technical package adjustments, showing strength on superspeedways, intermediates, road courses and now traditional short tracks like Darlington.
Jordan has repeatedly credited Hamlin as the “mastermind” behind operational success while emphasizing team-wide effort. He has also highlighted the importance of creating an environment where drivers and crew can thrive. Wallace, one of NASCAR’s most visible Black drivers, has spoken about the platform 23XI provides for broader representation.
Beyond racing, Jordan’s involvement continues to blend his iconic brand with motorsports. Speculation persists about potential Air Jordan-themed collaborations or expanded merchandising. His presence at races — often in team gear and engaging with fans — reinforces authenticity rather than celebrity detachment.
The 2026 season remains young, but 23XI’s four wins in six races have already rewritten expectations. Reddick holds a substantial points lead, positioning the team as a championship contender. Jordan has tempered expectations publicly while embracing the momentum, echoing his famous “Winning. That’s what it’s about!” mindset from basketball days.
Industry observers say Jordan’s willingness to fight for change, even at personal and financial risk, has left a lasting mark. The permanent charter system and enhanced team equity represent tangible shifts that could strengthen NASCAR’s business model long-term. At the same time, his team’s on-track results demonstrate that competitive excellence and advocacy can coexist.
Jordan, now in his 60s, shows no signs of diminishing intensity. Whether celebrating a Daytona 500 victory or reflecting on courtroom battles, he approaches NASCAR with the same fire that defined his playing career. “I love that competitive juice,” he has said of drivers and teammates who share his drive.
As the Cup Series progresses through 2026, all eyes remain on 23XI Racing and its high-profile owner. Jordan’s dual legacy — as a champion who transformed basketball and now as an owner fighting to evolve stock car racing — continues to unfold. For a sport historically rooted in Southern tradition, his influence has injected new energy, broader appeal and a demand for fairness that resonates beyond the garage.
With permanent charters secured and victories accumulating, Michael Jordan’s competitive gene is proving as potent on the NASCAR circuit as it was on the hardwood. The question now is how far that drive — and the changes it helped spark — will carry both his team and the sport into the future.
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China suppliers warn of higher U.S. prices due to Hormuz closure

Pickleball paddle producer Devi Wei has a message for U.S. shoppers.
“Americans will have to pay more,” the Chinese businessman told CNBC at a Beijing trade show last week at the China International Exhibition Center.
Because of the recent swings in oil prices resulting from the Iran war and closure of the Strait of Hormuz, Wei, who founded his own exporting business, Huijin Trade, has had to hike prices on his paddles and pickleballs by as much as 20%, he said.
Wei’s goods are made with polypropylene, a plastic material derived from oil and made in the Middle East, a dominant producer in the global industry. The war in Iran has stalled shipments of oil and its products through the Strait of Hormuz, raising concerns among Chinese manufacturers at the trade fair about further disruption across the global supply chain.
“I might have to go even higher,” Wei said. “Maybe double if the Iran war doesn’t stop soon.”
Surging oil prices are filtering into prices of all kinds of products that rely on the commodity for manufacturing.
James Li, who makes scarves and said he sells a third of his inventory to the U.S., has marked up his polyester products by 5%.
“This scarf is 30% polyester,” Li told CNBC from his trade show booth. “We will definitely pass on the extra cost to our customers.”
Wang Mingming, a general manager of toy manufacturer Jinming Gifts, said he is hoarding two months’ worth of the plastic polymer PVC, but isn’t sure he can hold off charging more for his figurines.
“In our industry, these materials are almost irreplaceable,” Wang said. “If oil prices rise any further, we really won’t be able to manage.”
Cameron Johnson, senior partner at Shanghai-based supply chain consultancy Tidalwave Solutions, said he foresees competition for oil-related products among entire sectors if the crisis at the Strait of Hormuz isn’t resolved soon. A prolonged impasse in the critical waterway also raises the possibility of product shortages.
“If this goes on into May, everyone will be in big trouble and there will be triage between industries,” Johnson said, predicting autos and the medical field would be granted higher priority. “There is no visibility when new supply will come.”
Perhaps the biggest worry among China’s manufacturers is what costlier oil will mean for discretionary spending by consumers worldwide.
More money for gas means less for Wei’s pickleballs.
“Ordinary people are getting squeezed the most from the high oil price,” he said. “Their spending power just isn’t what it used to be.”
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The last month, coinciding with the Iran war, was particularly brutal and accounted for a 4% decline. The currency, which touched an all-time low of 95.21/$, had briefly advanced to 93.59/$ in the early hours, its strongest level on Monday. The trading amplitude for the unit was one of the widest Monday.
Intervention from the Reserve Bank of India (RBI) in the last 15 minutes of trading lifted the local currency to close at 94.83/$ on the last trading day of the year. It closed at 94.81/$ on Friday.
The rupee was widely expected to strengthen on Monday.
AgenciesRupee Seen Staying at 94-95 per Dollar
This was following Friday’s central bank directives to curb lenders’ open positions in FX to $100 million. However, high dollar demand from oil companies, importers and hedge funds caused the rupee to retrace its steps and trade at record lows, traders said.
“The curbs by RBI created an arbitrage between NDF and onshore rates. With simultaneous buying in the NDF market and selling in the domestic market, along with year-end dollar demand from oil companies and corporates, the rupee came under pressure,” said Anil Bhansali, head of treasury, Finrex Treasury Advisors.
The rupee is expected to remain between 94/$ and 95/$ on April 2, when the market opens after a 2-day holiday.
Currency markets are closed on March 31, April 1, and April 3, making this a short trading week.
The currency opened at 93.59/$ on Monday and depreciated continuously till about 3:15 PM to a low of 95.22/$. At these levels, dollar sales by the RBI helped trim losses, allowing the rupee to close slightly stronger.
“Push for dollars from oil companies, importers, hedge funds and corporates was very high due to sharp rupee appreciation in the morning,” said Kunal Sodhani, head of treasury at Shinhan Bank India.
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Trump said the U.S. was in serious discussions with a “more reasonable regime” to end the war, but repeated his threat to open the Strait of Hormuz or risk U.S. attacks on Iranian oil wells and power plants. Iran described U.S. peace proposals as unrealistic.
Investors have been focused on how oil prices will impact the global economy after they shot up since the start of the war.
“The administration continues to send mixed messages,” said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey.
“When the messages seem good, to the extent they are believed, it helps the market. If something they say implies a more aggressive approach, the market sells off.”
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According to preliminary data, the S&P 500 lost 25.52 points, or 0.40%, to end at 6,343.33 points, while the Nasdaq Composite lost 153.16 points, or 0.73%, to 20,795.20. The Dow Jones Industrial Average rose 53.27 points, or 0.12%, to 45,219.91. Comments from Federal Reserve Chair Jerome Powell gave some support to stocks. Powell said longer-term inflation expectations appear to be holding despite the current energy shock, and the Fed does not yet need to make a decision on how to react to the latest troubles. Both U.S. crude oil and Brent settled higher.
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Chick-fil-A offers free ice cream to families who ditch phones at dinner
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A Chick-fil-A restaurant is offering families free ice cream if they put away their phones for their entire meal.
Complex, an account on X covering culture, posted a photo Sunday showing a sign advertising that the Chick-fil-A Towson Place location has an incentive for families to be phone-free during meals.
“Introducing our Chick-fil-A® Cell Phone Coop Challenge,” the sign read.
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Teens using their phones. (Matt Cardy / Getty Images)
“Ask a Team Member for a coop, place all phones in the coop, and enjoy your meal together,” the message continued. “After you finished let a Team Member know and everyone at the table will receive a Icedream® Cone as a reward.”
“Grab a coop and take the challenge,” it read.
The Chick-fil-A restaurant in Towson Place, Maryland, also advertised the challenge in a recent Facebook post, writing, “Take the Dine-in Cell Phone Coop Challenge at Chick-fil-A Towson Place. Ask a Team Member for a coop, place all phones in the coop, and enjoy your meal together without distractions. When your table finishes, let a Team Member know and everyone will receive an Icedream Cone as a reward. Are you up for the challenge?”

If families stay off their phones during their meal, they will receive an Icedream® Cone as a reward. ( Felix Hörhager/picture alliance via Getty Images)
A 2023 study found that 68% of households have a person using their phone during a meal with others. It also found that 65% of respondents do not like it, and 42% feel using phones during meals is rude.
Chick-fil-A did not immediately respond to a request for comment from Fox News Digital.
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A minor uses their phone in a room. ( / Getty Images)
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Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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