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FRA: NAV Should Continue To Erode If Distribution Isn't Cut (Downgrade)
Business
Current Security Lines at EWR Airport
NEWARK, N.J. — Security wait times at Newark Liberty International Airport remained short and manageable on Thursday, April 2, 2026, with most TSA checkpoints reporting waits of 1 to 4 minutes for both general and TSA PreCheck lanes, according to the airport’s official real-time data.

Newark Liberty, one of the busiest airports in the New York metropolitan area, handles millions of passengers annually and serves as a major hub for United Airlines. On a typical day, security lines can fluctuate significantly based on flight schedules, passenger volume and TSA staffing levels. As of mid-morning Thursday, however, travelers encountered unusually quick processing times across all three terminals.
According to the airport’s website, general security lines showed the following approximate waits:
- Terminal A (all gates): 1 minute general line, no wait for TSA PreCheck.
- Terminal B (Gates 40-49): 1-2 minutes general, 1 minute PreCheck.
- Terminal B (Gates 51-57): 1 minute general.
- Terminal B (Gates 60-68): 1-4 minutes general.
- Terminal C (all gates): 2 minutes general, 2 minutes PreCheck.
These figures represent estimates and can change rapidly. Airport officials noted that posted times are approximate and advised passengers to allow extra time, especially during peak morning and evening rushes when waits can stretch to 15-45 minutes or more under normal conditions.
The relatively light lines Thursday morning likely resulted from a moderate flight schedule combined with efficient staffing. Newark has faced criticism in the past for long security delays, particularly during holiday periods or after weather disruptions, but recent data shows improvement when passenger volumes align with available resources.
Travelers with TSA PreCheck, CLEAR or Global Entry enjoyed even faster processing. In several checkpoints, PreCheck lanes reported no wait or waits under 2 minutes, highlighting the value of these expedited programs for frequent flyers.
Newark Liberty offers multiple security checkpoints in Terminals B and C, allowing passengers to choose lines based on their gate location. Terminal A, primarily used for some international and domestic flights, typically sees lighter traffic. Walk times from security to gates are also displayed on the airport site, helping passengers gauge total time needed after clearing screening.
Airport authorities recommend arriving at least two hours before domestic flights and three hours for international departures. With current short waits, many passengers cleared security quickly and had time to relax in lounges or grab meals before boarding.
The TSA continues to emphasize the 3-1-1 rule for liquids in carry-on bags, removal of laptops and large electronics, and proper masking or health protocols if still in effect. Passengers are encouraged to download the MyTSA app for general guidance, though the official Newark Airport website provides the most accurate terminal-specific wait times.
Factors influencing wait times at EWR include the number of open lanes, TSA staffing levels, passenger volume, and the proportion of travelers with PreCheck or other expedited screening. During peak hours — typically early mornings (5-8 a.m.) and late afternoons (3-7 p.m.) — lines can build quickly even with efficient operations.
Newark has invested in technology upgrades, including more automated screening lanes and better queue management, to reduce congestion. The airport also partners with airlines to promote TSA PreCheck enrollment, which has helped ease pressure on standard lines.
For international travelers, customs and border protection processing after arrival can add significant time, though departure security remains the primary concern for most. United Airlines, the dominant carrier at Newark, operates from Terminal C and has its own lounges for premium passengers that can provide a more comfortable pre-security experience.
Travelers facing longer-than-expected waits are advised to stay hydrated, wear comfortable shoes, and follow TSA officers’ instructions to keep lines moving. Families with young children or passengers needing assistance should request help from airport staff early.
The short waits reported Thursday contrast with occasional spikes seen in previous months, when government funding issues or high travel volumes caused delays of 20-40 minutes or more at some checkpoints. Officials have stressed that posted times may not always reflect real-time conditions due to sudden changes in passenger flow.
Passengers can check live updates on the Newark Airport website (newarkairport.com), the MyTSA app, or third-party trackers like takeofftimer.com and airlineairport.com. These tools provide estimates based on airport data and user reports, though official airport figures remain the most authoritative.
For those connecting through Newark, short security waits are particularly beneficial, as the airport’s layout requires moving between terminals in some cases. The AirTrain monorail system connects all terminals efficiently, but travelers should factor in walking and train time after security.
Newark Liberty continues to rank among the busiest U.S. airports, with strong recovery in both domestic and international traffic post-pandemic. Its proximity to Manhattan makes it a popular choice for business and leisure travelers despite occasional congestion.
Airport management works closely with the TSA and Port Authority of New York and New Jersey to optimize operations. During busy periods, additional lanes are opened when possible, and staff are redeployed to high-traffic checkpoints.
Travelers are reminded that security screening is a critical safety measure. While short waits are welcome, patience and compliance help maintain smooth flow and high security standards.
As of Thursday afternoon, April 2, 2026, conditions at Newark Liberty remained favorable for quick security processing. However, afternoon and evening flights could see increased volume, so passengers are urged to monitor updates and plan accordingly.
With efficient screening times reported across terminals, many travelers cleared security faster than expected, allowing more time for dining, shopping or relaxing before departure. Newark offers a variety of dining options post-security, including local favorites and national chains.
For the best experience, frequent flyers recommend enrolling in TSA PreCheck or CLEAR if eligible, arriving early during peak seasons, and packing carry-ons strategically to minimize time at the screening tables.
Newark Liberty International Airport serves as a vital gateway to the New York region. Its security operations directly impact thousands of daily passengers, making real-time wait time information essential for smooth travel planning.
As the day progresses, conditions may evolve with changing flight schedules and passenger arrivals. Travelers should continue checking official sources for the most current data before heading to the airport.
In summary, TSA security wait times at Newark Liberty International Airport on April 2, 2026, were notably short across most checkpoints, offering a smoother experience for passengers compared with busier periods. Staying informed through official channels remains the best strategy for any airport journey.
Business
Why Global Oil and Gas Disruptions Have Long-Term Economic Impacts
Global energy markets are under pressure again. A new conflict involving the United States, Israel, and Iran has pushed oil prices close to record highs and disrupted one of the world’s most important shipping routes.
Experts warn that this is not just a short-term spike. It could reshape economies for years.
The price of Brent crude oil has surged to around $120 per barrel, reminding many people of past crises. But this time, the situation is different.
The disruption is not just about politics or trade rules—it is about physical supply being cut off.
The Strait of Hormuz, a narrow waterway where a large share of the world’s oil passes, has seen major slowdowns in tanker traffic. This has reduced the amount of oil and gas reaching global markets.
One energy analyst explained the seriousness of the situation, saying, “This is the largest supply disruption in the history of the global oil market.” That statement captures why experts believe the economic effects could last longer than before.
Why This Crisis Is Different
In past energy shocks, like the 2022 crisis after Russia invaded Ukraine, supply chains adjusted.
Oil and gas were rerouted, and countries released reserves to calm prices. Over time, markets stabilized.
Today’s disruption is harder to fix. The problem is not just who sells energy—it is how that energy moves. When a key route like the Strait of Hormuz is blocked or limited, there are very few alternatives.
Pipelines that bypass the area can only carry a small portion of the usual supply. Ships also face delays and risks, making transport slower and more expensive.
Even when countries release oil from emergency reserves, it does not solve everything. The oil still needs to be shipped to where it is needed. With fewer tankers available and unsafe routes, delivery becomes a challenge.
How High Energy Prices Affect Everyday Life
When oil and gas prices rise, the effects spread quickly. Businesses that rely on energy—like factories, airlines, and shipping companies—face higher costs. These costs are often passed on to consumers.
This means higher prices for goods, plane tickets, and even food. Farmers, for example, depend on fuel and fertilizers, both tied to energy markets. When those costs go up, food prices can rise too.
At home, families feel the impact through higher electricity bills and fuel costs. Over time, people may spend less on other things because more of their money goes to energy. This slows down the overall economy.
Industries Under Pressure
Some industries are hit harder than others. Energy-heavy sectors like steel, cement, and chemicals depend on steady and affordable fuel supplies.
When prices stay high, these industries may reduce production or raise prices.
According to Aljareeza, transportation is also affected. Airlines pay more for fuel, shipping costs increase, and public transport may become more expensive.
While people still need to travel, long-term high prices can lead to fewer trips and changes in habits.
A Chain Reaction in the Global Economy
The longer the disruption lasts, the more serious the impact becomes. Countries that rely heavily on imported energy may struggle the most. Slower production, higher costs, and reduced spending can lead to weaker economic growth.
For energy-producing countries, the situation is also risky. If they cannot export their resources due to blocked routes or damaged infrastructure, they lose income and reliability. This can affect their role in the global market.
What Happens Next?
Markets may eventually stabilize, but not without consequences. Unlike past crises, this disruption highlights a major weakness: too much of the world’s energy passes through a few critical points.
As one expert noted, “The longer the disruption continues, the longer prices will remain high.”
This means the global economy may face a period of adjustment, with changes in energy use, trade routes, and investment.
In the long run, countries may look for new ways to secure energy—such as building alternative routes, increasing local production, or investing in renewable sources. But these solutions take time.
Originally published on vcpost.com
Business
Is it time to buy IT? Fund managers suggest gradual addition by investors
The Nifty IT index is currently trading at a price-to-earnings multiple of 20.6 times, well below its five-year average of 29.16 and ten-year average of 24.4, making it the lowest valuation for the sector since the post-Covid period of July 2020.
“The Indian IT sector is passing through a phase of weak sentiment, slower growth expectation, valuation compression, sell-off by foreign investors and reduced index weight,” says Parth Shah, product manager and market strategist, DSP Mutual Fund.
Investors have baulked at software services companies recently amid concerns over the fallout of AI advancements on the software services sector. The eruption of the West Asia conflict in the past month shifted the spotlight from the debate over the sector’s prospects, but concerns linger in the background. In 2026, the Nifty IT index shed 2.4% compared with the Nifty’s losses of 14.5%, but over longer periods, the sector benchmark has seen sharper cuts.
Since October 1, 2024 the Nifty IT index has lost 31.5% compared with the 13.4% dip in the Nifty. Over the last one year it, has lost 19.2%, compared with the 3.6% decline in broad Nifty 50 loss of 3.6%,
The diminished appetite for these stocks has reduced the sector’s weight in the Nifty to an all-time low of 8.85%, underscoring the extent of the risk-off mood in technology shares. The peak of the IT sector weight was 19.8% in January 2022.
AgenciesOPPORTUNITY IN SELLOFF Stock valuations down to cheapest levels since July 2020
The extreme pessimism may be flashing an opportunity for value buyers. “Though AI is a structural tailwind, the revenue model is evolving and the total addressable market (TAM) is expanding, and the deal momentum is improving,” says Manish Bhandari, CEO and Portfolio Mamager of Vallum Capital Advisors. Following the drop, the Nifty IT index offers a dividend yield of 3.5%, an earnings yield of 5%, giving investors an opportunity to take exposure to the sector, he said.
A study by DSP Mutual Fund shows that on a rolling three-year basis, Indian IT stocks have underperformed the Nasdaq by 57%.
Investors need to rush to buy these stocks, though.
“Investors wanting to allocate to IT must use a balanced investment approach combining a lump sum allocation now and a staggered approach using SIP,” said Shah.
Business
No need for a rate hike unless inflation spikes: Economists
They also added that RBI has alternative tools to manage currency pressures and is unlikely to resort to a rate hike, unless the impact becomes visible in inflation, one economist said.
Discussions at the meeting were largely centred on the war, the risk of a pick-up in inflation, and the expectation of a global growth slowdown, another economist who attended the meeting told ET.
“Inflation forecasts by participants ranged from 3.5% to 5%, depending on where they see oil prices to average,” said an economist who participated in the discussions. “No one in the meetings suggested a rate hike or even a change in stance, as there is little clarity on how the situation in West Asia will evolve.”
The central bank’s monetary policy committee (MPC) is scheduled to announce its first rate decision of FY27 on April 8.
The meeting with economists comes in the backdrop of the West Asia war, rising crude oil prices and inflationary pressures. Brent crude prices saw a record surge in March, rising by roughly 60-64% compared with February levels, according to Reuters, and have traded between $110 and $120 per barrel since the war broke out.
Agencies Last Resort
“To the extent the ongoing energy shock does not translate into CPI inflation breaching the target durably, we believe the RBI MPC is unlikely to resort to rate hikes,” said a Barclays report.
RBI in its February 2026 policy held a status quo on repo rate at 5.25%. The central bank has reduced the repo rate by 125 basis points since February 2025.
Calls for a status quo are also emerging amid deep uncertainty over the duration of the US-Israel war on Iran.
Economists say the impact will largely depend on how long the war lasts, making it difficult for market participants to assess the scale of the shock or frame appropriate policy responses.
“More than the current inflation print, it is the outlook on how the situation would evolve in West Asia which would determine the policy decision on rates,” ICICI Bank said in a report early March.
“Liquidity will remain the most important variable in the interim before we have much more clarity on energy markets and thus, we should see an extended pause for now.” Retail inflation stood at 2.75% in January, while GDP in Q2FY26 climbed 8.2%. RBI in its February policy projected inflation in Q1 and Q2 of FY27 at 4% and 4.2%, while GDP of Q1 and Q2 FY27 is projected at 6.9% and 7%, respectively.
Business
Maven exits AccessPay to Accel-KKR delivering 2.5x return
Maven Capital Partners has successfully exited Manchester-based fintech AccessPay following its acquisition by US investment firm Accel-KKR, delivering a 2.5x return for investors in the Northern Powerhouse Investment Fund I.
The transaction marks a significant milestone for both AccessPay and the wider Northern fintech ecosystem, underscoring the growing strength of technology businesses outside London and the role of regional investment funds in scaling high-growth companies.
Maven first backed AccessPay in 2018 through the Northern Powerhouse Investment Fund (NPIF), investing £1 million to support the company’s expansion. The funding enabled the business to scale operations, invest in talent and accelerate revenue growth at a critical stage in its development.
Since then, AccessPay has grown into a leading provider of bank integration software, connecting corporate finance systems directly to banking networks and enabling automated, structured payment and reconciliation processes.
The platform is now used by more than 1,000 organisations globally, reflecting strong demand for solutions that streamline financial operations and improve data accuracy.
The acquisition by Accel-KKR is expected to support AccessPay’s next phase of growth, including the development of new products and an accelerated acquisition strategy.
The US-based investor specialises in technology businesses and is likely to bring both capital and operational expertise to help expand AccessPay’s presence in international markets and strengthen its enterprise offering.
Anish Kapoor, (pictured) chief executive of AccessPay, said Maven’s early backing had been instrumental in the company’s growth.
“Maven supported us at a key point when we were scaling our market presence, and that foundation has helped us reach over 1,000 customers globally,” he said.
AccessPay’s growth highlights the increasing importance of regional fintech hubs, particularly in Greater Manchester, which contributes more than £1 billion annually to the UK economy.
The company has established itself as one of the fastest-growing fintech businesses outside London, gaining recognition for its innovation in bank connectivity and enterprise payments infrastructure.
Jeremy Thompson, partner at Maven, said the exit reflects the strength of the business built during the investment period.
“This transaction is a testament to the company’s leadership and the solid financial foundation established over the years,” he said.
The deal also illustrates the impact of public-private investment partnerships in supporting early-stage companies.
The Northern Powerhouse Investment Fund, backed by the British Business Bank, has played a key role in providing growth capital to businesses across the North of England.
Debbie Sorby of the British Business Bank said the exit demonstrates the value of equity finance in helping companies scale and succeed.
“This is a testament to AccessPay’s success and highlights the strength of the Northern fintech ecosystem,” she said, noting that further support will continue through the next phase of the fund.
For AccessPay, the acquisition represents a transition from scale-up to global expansion, with increased resources to compete in a rapidly evolving financial technology market.
For Maven and its investors, the 2.5x return reinforces the case for backing high-potential regional businesses early and supporting them through to exit.
As demand for digital financial infrastructure continues to grow, deals such as this are likely to become more common, reflecting both the maturity of the UK fintech sector and the increasing global appetite for scalable technology platforms.
Business
Delta Air Lines taps Amazon Leo for in-flight Wi-Fi as streaming wars heat up
The passenger cabin on a Delta Boeing 737-900ER is shown while landing in Salt Lake City, Utah.
Mike Blake | Reuters
Delta Air Lines has tapped Amazon Leo to provide fast internet service on hundreds of jets starting in 2028, the latest salvo in airlines’ in-flight Wi-Fi and streaming wars.
Amazon Leo, which stands for low Earth orbit, is offering satellite Wi-Fi, which Delta says will initially be available on 500 of its aircraft. Delta will start with domestic-focused, narrow-body planes from Boeing and Airbus. The airline also uses Hughes and Viasat for in-flight Wi-Fi.
“People want faster speeds, they want more bandwidth, they want to share all their video and photos from their trip. Expectations are just rising every day,” Delta Chief Marketing and Product Officer Ranjan Goswami said in an interview.
Airlines have been turning to faster in-flight Wi-Fi and making the service free for loyalty program members as they seek to win over passengers and in some cases monetize a captive audience of millions with personalized ads and potential shopping.
Goswami said there will “clearly be commerce opportunities” as Delta refreshes its in-flight technology to update movie selections and other entertainment faster and to offer bigger libraries. He said Delta has about 165,000 seat-back screens in its fleet.
Goswami said the initial batch of aircraft to offer the faster service will include Delta’s newly ordered Boeing 737 Max 10 planes as well as some older 737s and Airbus A321s, used mostly for domestic routes.
Chris Weber, Amazon Leo’s vice president, said the higher speeds come from its satellites, which are in orbit closer to Earth than some others.
“I think of the high-speed, reliable connectivity of the planes as foundation, and Delta will build some very unique experiences on top of that,” Weber said.
He said Amazon Leo is focused on building out its satellite constellations and has about 200 satellites in orbit and hundreds more manufactured for launching.
The company is aiming to build a constellation of roughly 3,200 low Earth orbit satellites that will serve businesses, governments and consumers. Amazon launched an enterprise preview of Leo for select businesses last year as it works toward a broader commercial rollout.
American Airlines is weighing bringing back seat-back screens to its narrow-body fleet and would use either SpaceX’s Starlink or Amazon Leo with Amazon Prime content, CNBC reported last week. A decision could come as early as next month.
United Airlines and Hawaiian Airlines have recently started using SpaceX’s Starlink satellite Wi-Fi onboard.
— CNBC’s Annie Palmer contributed to this report.
Business
When Shops Open This Long Weekend
SYDNEY, Australia — Australians heading into the Easter long weekend from April 3 to 6, 2026, face a patchwork of retail trading restrictions that vary significantly by state and territory, with major supermarkets, shopping centres and bottle shops observing closures or reduced hours on Good Friday and Easter Sunday in most jurisdictions.

Good Friday on April 3 and Easter Monday on April 6 are national public holidays, while Easter Saturday and Sunday have different status across the country. Retail trading laws, designed to balance worker protections with consumer needs, create a complex landscape that often catches shoppers off guard, particularly for last-minute grocery or essential purchases.
Major supermarket chains including Coles, Woolworths and Aldi will close most stores nationwide on Good Friday, April 3. Exceptions are limited, with some airport or tourist-area outlets potentially operating in Queensland, South Australia and Western Australia. On Easter Sunday, April 5, restrictions tighten further in New South Wales and South Australia, where the majority of stores will remain closed, while Victoria, Queensland and Western Australia allow more outlets to trade, often with reduced hours.
Easter Saturday, April 4, offers the most normal trading across the country, with supermarkets generally open at standard or slightly adjusted hours. Easter Monday sees most chains reopen, though many operate on public holiday schedules with earlier closing times.
Shopping centres follow similar patterns. Westfield and other major malls will close on Good Friday in most locations. On Easter Saturday, most centres open from around 9am to 5pm, with variations in New South Wales and Victoria. Easter Sunday brings closures in New South Wales and South Australia, while centres in Victoria, Queensland and Western Australia open with limited hours, typically 10am to 5pm. Easter Monday trading resumes with many centres operating 10am to 5pm or later in select Sydney locations.
Department stores such as Myer, David Jones, Target, Kmart and Big W generally align with mall hours, closing on Good Friday and offering restricted trading on Easter Sunday in restricted states. Hardware retailers like Bunnings often remain open on public holidays with standard hours in many areas, though some locations may adjust.
Bottle shops and liquor outlets face strict rules. Dan Murphy’s, BWS and Liquorland typically close on Good Friday nationwide, with limited or no trading on Easter Sunday in several states. Easter Saturday and Monday usually see normal or slightly reduced operations.
State-by-state differences add complexity. In New South Wales and the Australian Capital Territory, Good Friday and Easter Sunday are restricted trading days, meaning most non-exempt retail must close. Easter Saturday and Monday have fewer restrictions.
Victoria allows more flexibility on Easter Sunday for some supermarkets and centres, though many still operate reduced hours. Queensland has defined trading areas with specific allowable hours for non-exempt shops, particularly on Easter Sunday.
South Australia maintains some of the strictest rules, with many metropolitan stores closed on Easter Sunday and limited options on other days. Western Australia, Tasmania and the Northern Territory generally offer more open trading, though individual stores may vary.
Pharmacies, including Chemist Warehouse and independent outlets, often remain open throughout the weekend as essential services, though hours may be reduced. Petrol stations and convenience stores like 7-Eleven typically operate as usual, providing vital access to essentials.
Restaurants, cafes and takeaway outlets generally stay open, though many adopt public holiday menus or hours. Tourist attractions, beaches and outdoor venues see high demand during the four-day break, with families taking advantage of the extended weekend.
Consumer groups advise planning ahead. Shoppers should check specific store locators on retailer websites or apps for exact hours, as individual outlets — particularly in regional areas or tourist precincts — may have exemptions. Airport and service station supermarkets often provide limited options when main stores close.
The Easter period highlights ongoing debates about retail trading laws. Retail industry bodies argue for greater flexibility to meet consumer demand, while unions emphasise worker rights to family time and rest on significant holidays. Some states have deregulated trading in recent years, leading to more consistent access, but the patchwork remains.
For families preparing Easter meals, the advice is clear: stock up before Good Friday or plan for alternatives such as online delivery where available. Many supermarkets offer click-and-collect or delivery services with adjusted schedules during the long weekend.
Tourism operators expect strong domestic travel, with families heading to beaches, regional getaways or staying local for barbecues and gatherings. Public transport and road networks will operate on holiday timetables in many areas.
As Australians enjoy the break — with Good Friday and Easter Monday as national public holidays — retailers prepare for a surge in spending on non-restricted days. The long weekend provides a welcome respite after the busy summer period, though navigating trading restrictions requires some preparation.
Easter 2026 falls slightly later than in some recent years, with Good Friday on April 3. This timing aligns with milder autumn weather in southern states, encouraging outdoor activities.
Retail experts note that while major chains dominate headlines, independent grocers, butchers and bakeries often provide valuable alternatives on restricted days, particularly in suburban and regional communities.
For the latest updates, consumers should consult official state government resources, retailer websites or apps. Trading hours can be subject to last-minute changes based on local conditions or individual store decisions.
The Easter long weekend remains one of Australia’s most significant consumer periods outside Christmas, blending religious observance with family celebrations and retail activity. Understanding the varied trading rules helps shoppers make the most of the break while respecting the holiday’s traditions.
In summary, while Good Friday brings widespread closures and Easter Sunday limits options in several states, Easter Saturday and Monday offer more normal access. Planning ahead remains the best strategy for a stress-free long weekend across Australia.
Business
Imdex buys remaining Krux stake in $23m deal
Imdex has acquired the remaining 60 per cent stake in Canadian drilling data firm Krux Analytics in a $23 million deal, marking its third acquisition in as many months.
Business
Albanese's wide-ranging National Press Club address
The Prime Minister has announced a $1 billion fund to help businesses navigate the fuel crisis facing the country.
Business
Atlantic Union Bankshares Poised For Continued Healthy Growth
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