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Hilary Duff Defends Mother Susan as ‘Supportive’ After Frankie Muniz Called Her ‘Super Intense’ Stage Mom

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Lil Wayne

Hilary Duff came to the defense of her mother and former manager, Susan Duff, on Monday, March 16, 2026, insisting she was “never pushed” into acting and describing their close working relationship as largely positive, despite recent resurfaced comments from her former costar Frankie Muniz labeling Susan “super intense” and the “epitome of a stage mom.”

Hilary Duff

In an exclusive interview with People magazine, Duff addressed the long-standing tension stemming from Muniz’s October 2025 podcast appearance, where he detailed how Susan’s involvement during the casting and production of their 2003 film “Agent Cody Banks” strained — and ultimately ended — his friendship with Duff.

“I was never pushed into acting,” Duff said firmly. “My mom was my manager, and it was nice having her at work — for better or for worse. She was supportive, and I loved having that security.”

The comments mark Duff’s first public response to Muniz’s remarks, which gained renewed attention in recent weeks amid ongoing discussions about child stardom and parental involvement in Hollywood. Duff emphasized that her entry into the industry felt organic and driven by her own interests.

Susan Duff, who managed both Hilary and her older sister Haylie’s careers, moved the family from Texas to California when Hilary was 6 to pursue show business opportunities. Hilary’s breakthrough came with the Disney Channel series “Lizzie McGuire” in 2001, followed by the “Agent Cody Banks” spy comedy, where she starred opposite Muniz.

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Muniz, now 40, recounted on “The Joe Vulpis Podcast” last fall that he and Duff had been close friends during their early Hollywood days. He described Duff as “so cool” and said they had “an awesome relationship.” However, he claimed Susan interfered when he casually mentioned the “Agent Cody Banks” audition to her while visiting Duff’s dressing room on the “Lizzie McGuire” set.

Muniz said Susan aggressively pursued the role for her daughter, contacting casting directors and pushing for Hilary’s involvement. He called her actions overstepping and “intense,” attributing the fallout to that incident.

“I look back at it now, and I go like: ‘What a dumb…’ I regret not just continuing to be friends with her,” Muniz said in the podcast. “We were friends. We had a great friendship for such a long time. And I let her mom… It pissed me off.”

He added that he hasn’t spoken to Duff since the last day of filming “Agent Cody Banks” in 2002, a silence spanning more than two decades. “I’ve never talked to Hilary since the last day of filming. I’ve not said one word to her since then.”

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Muniz expressed regret over allowing the situation to sever their bond, noting he would “love to catch up” and discuss it openly, believing Duff may be unaware of the full details.

Duff’s defense arrives as she reflects on her own experiences as a child actor and now as a mother of four. In the People interview, she highlighted the balance of having family involved in her professional life, acknowledging it wasn’t always perfect but rejecting the notion of coercion.

“My mom believed in me, and that meant a lot,” Duff said. “I chose this path, and she helped guide it. There were tough moments, sure, but I don’t look back with resentment.”

The exchange revives conversations about stage parents in entertainment, a topic that has drawn scrutiny in recent years with accounts from former child stars about pressure, boundaries and long-term impacts. Muniz, who stepped away from acting for years to pursue racing and other interests before returning, has spoken candidly about his own industry’s challenges, including advising his son against entering show business.

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Duff, 38, has maintained a steady career trajectory, transitioning from teen idol to actress, singer, entrepreneur and reality TV personality. She recently starred in projects and continues to release music, with her holiday hits and classic tracks remaining popular.

Neither Duff nor Muniz indicated plans for a public reconciliation, though Muniz’s expressed desire to reconnect leaves the door open. Representatives for both declined further comment beyond the published interviews.

The resurfacing of the decades-old anecdote underscores how past Hollywood experiences continue to shape public perceptions of child stardom. For Duff, the moment served as an opportunity to affirm her agency in her career and credit her mother’s role without apology.

As Duff promotes ongoing ventures and family life, her measured response highlights a nuanced view of the support system that propelled her to fame — one she views as protective rather than overbearing.

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Ad for AI editing app which said it could 'remove anything' banned

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Ad for AI editing app which said it could 'remove anything' banned

The UK regulator said the ad condoned “digitally altering and exposing women’s bodies without their consent.”

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Venezuela Rallies Past Italy 4-2 in WBC Semifinal Thriller

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Venezuela staged another dramatic comeback Monday night, overcoming an early deficit to defeat Italy 4-2 in the semifinals of the 2026 World Baseball Classic at loanDepot park in Miami. The victory propelled Venezuela to its first-ever appearance in the WBC championship game, where it will face Team USA on Tuesday night.

WBC Logo
WBC Logo

The game, broadcast on FS1, drew 35,382 fans and showcased the resilience that has defined Venezuela’s tournament run. Italy, the surprise story of the Classic after going undefeated in Pool B play, struck first with two runs in the bottom of the second inning. Bases-loaded walks and a fielder’s choice plated the runs against starter Keider Montero, who allowed both before exiting after 1 1/3 innings.

Venezuela chipped away in the fourth when Eugenio Suárez launched a solo home run to trim the deficit to 2-1. The bullpen then took over, delivering 7 2/3 scoreless innings to keep Italy off the board. The decisive moment came in the seventh: Ronald Acuña Jr. tied the game with an RBI infield single, and Maikel Garcia followed with a go-ahead RBI single. A three-run outburst turned the momentum decisively.

Reliever Anthony Zerpa earned the win with 0.2 innings of scoreless relief, striking out two. Closer Daniel Palencia sealed it by striking out Sam Antonacci swinging with the bases loaded in the ninth, sending Venezuelan fans into celebration.

Venezuela’s path to the final has been marked by clutch performances. The team upset defending champion Japan in the quarterfinals with a similar late rally, showcasing depth in hitting and pitching. Stars like Acuña Jr., Garcia, Suárez and others delivered in high-leverage spots, while the bullpen proved lights-out.

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Italy’s Cinderella run captivated fans worldwide. Ranked No. 14 entering the tournament, the Azzurri dominated Pool B with a 4-0 record, eliminating Mexico and advancing past expectations. Players like Jac Caglianone, Zach Dezenzo and Andrew Fischer provided power, and the team embodied underdog spirit with gritty play. Though eliminated, Italy’s performance boosted baseball’s profile in Europe and earned widespread praise.

The semifinal unfolded at loanDepot park, which hosted Pool D games and knockout rounds. Venezuela topped Pool D with a 3-1 record behind the Dominican Republic, while Italy’s perfect Pool B showing set up the intriguing matchup.

Key stats from the box score: Venezuela collected 8 hits to Italy’s 5, with no errors on either side. Italy left 8 runners on base compared to Venezuela’s 6. The game featured tense moments, including Italy’s early lead and Venezuela’s late surge.

Postgame, Venezuelan players expressed pride in reaching the final. Acuña Jr. highlighted team unity, while manager emphasized resilience. Italy’s squad reflected on the journey, with many noting the experience as a foundation for future growth.

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The 2026 WBC final pits Venezuela against the United States on Tuesday at 8 p.m. ET, also at loanDepot park and televised on FOX. Team USA advanced Sunday with a win over the Dominican Republic. The matchup promises star power, with Venezuela seeking its first title and the U.S. aiming to reclaim glory.

Venezuela’s run has energized fans in Miami and beyond, with large crowds supporting the team throughout. The victory over Italy capped a tournament of comebacks and highlights, setting the stage for a championship showdown.

As the Classic concludes, attention turns to the final: two powerhouses vying for global supremacy in baseball’s premier international event.

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Royce Micro-Cap Trust FY 2025 Commentary (RMT)

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Royce Micro-Cap Trust FY 2025 Commentary (RMT)

Fund Managers

Jim StoeffelPortfolio Manager, Principal

  • 16Years at Royce
  • 32Years of Experience

Andrew PalenPortfolio Manager

  • 10Years at Royce
  • 19Years of Experience

Average Annual Total Returns Through 12/31/25 (%)

QTR1 YTD1 1YR 3YR 5YR 10YR 15YR 20YR 25YR 30YR SINCE INCEPT.(12/14/93)
RMT 2.69 16.13 16.13 15.38 9.51 12.75 10.78 8.03 10.64 10.69 10.38
XOTCX (NAV) 2.47 16.57 16.57 15.55 8.85 12.23 10.61 9.13 10.46 10.75 10.92
Russell 2000 2.19 12.81 12.81 13.73 6.09 9.62 9.47 8.20 8.21 8.55 8.89
Russell Microcap 6.25 22.98 22.98 15.20 7.32 9.58 9.46 7.33 8.63 N/A N/A

Annual Operating Expenses: N/A

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1 Not annualized.

Important Performance, Expense, and Disclosure Information

Important Performance and Expense Information

All performance information reflects past performance, is presented on a total return basis, net of the Fund’s investment advisory fee, and reflects the reinvestment of distributions. Past performance is no guarantee of future results Current performance may be higher or lower than performance quoted. Returns as of the recent month-end may be obtained at www.royceinvest.com. The market price of the Fund’s shares will fluctuate, so that shares may be worth more or less than their original cost when sold.

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The Fund normally invests in micro-cap companies, which may involve considerably more risk than investing in larger-cap companies. The Fund’s broadly diversified portfolio does not ensure a profit or guarantee against loss.

Current month-end performance may be obtained at our Prices and Performance page.

Notes to Performance and Other Important Information

The thoughts expressed in this report concerning recent market movements and future prospects for small company stocks are solely the opinion of Royce at December 31, 2025, and, of course, historical market trends are not necessarily indicative of future market movements. Statements regarding the future prospects for particular securities held in the Funds’ portfolios and Royce’s investment intentions with respect to those securities reflect Royce’s opinions as of December 31, 2025 and are subject to change at any time without notice. There can be no assurance that securities mentioned in this report will be included in any Royce-managed portfolio in the future.

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As of 12/31/25, the percentage of Fund assets was as follows: nLIGHT was 1.2%, Sprott was 1.3%, Astronics Corporation was 1.1%, ASA Gold and Precious Metals was 1.3%, Argan was 1.2%, Open Lending was 0.0%, Transcat was 0.8%, Richardson Electronics was 1.0%, Repay Holdings Cl. A was 0.2%, Ichor Holdings was 1.1%.

Sector weightings are determined using the Global Industry Classification Standard (“GICS”). GICS was developed by, and is the exclusive property of, Standard & Poor’s Financial Services LLC (“S&P”) and MSCI Inc. (“MSCI”). GICS is the trademark of S&P and MSCI. “Global Industry Classification Standard (GICS)” and “GICS Direct” are service marks of S&P and MSCI.

All indexes referred to are unmanaged and capitalization weighted. Each index’s returns include net reinvested dividends and/or interest income. Russell Company (“Russell”) is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company. Neither Russell nor its licensors accept any liability for any errors or omissions in the Russell Indexes and/or Russell ratings or underlying data and no party may rely on any Russell Indexes and/or Russell ratings and/or underlying data contained in this communication. No further distribution of Russell Data is permitted without Russell’s express written consent. Russell does not promote, sponsor or endorse the content of this communication. The Russell 2000 Index is an index of domestic small-cap stocks. It measures the performance of the 2,000 smallest publicly traded U.S. companies in the Russell 3000 Index. The Russell 2000 Value and Growth Indexes consist of the respective value and growth stocks within the Russell 2000 as determined by Russell Investments. The Russell Microcap Index includes 1,000 of the smallest securities in the Russell 2000 Index, along with the next smallest eligible securities as determined by Russell. The Russell 2500 is an unmanaged, capitalization-weighted index of the 2,500 smallest publicly traded U.S. companies in the Russell 3000 index. The returns for the Russell 2500-Financial Sector represent those of the financial services companies within the Russell 2500 index. Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. The MSCI ACWI Small Cap Index is an unmanaged, capitalization-weighted index of global small-cap stocks.The MSCI ACWI ex USA Small Cap Index is an index of global small-cap stocks, excluding the United States.The performance of an index does not represent exactly any particular investment, as you cannot invest directly in an index. Returns for the market indexes used in this report were based on information supplied to Royce by Russell Investments. Royce has not independently verified the above described information.

This material contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), that involve risks and uncertainties, including, among others, statements as to:

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-the Funds’ future operating results,

-the prospects of the Funds’ portfolio companies,

-the impact of investments that the Funds have made or may make, the dependence of the Funds’ future success on the general economy and its impact on the companies and industries in which the Funds invest, and

-the ability of the Funds’ portfolio companies to achieve their objectives.

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This discussion uses words such as “anticipates,” “believes,” “expects,” “future,” “intends,” and similar expressions to identify forward-looking statements. Actual results may differ materially from those projected in the forward-looking statements for any reason.

The Royce Funds have based the forward-looking statements included in this commentary on information available to us on the date of the commentary, and we assume no obligation to update any such forward-looking statements. Although The Royce Funds undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events, or otherwise, you are advised to consult any additional disclosures that we may make through future shareholder communications or reports.

This material is not authorized for distribution unless preceded or accompanied by a current prospectus. Please read the prospectus carefully before investing or sending money. Smaller-cap stocks may involve considerably more risk than larger-cap stocks. (Please see “Primary Risks for Fund Investors” in the prospectus.)

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(VIDEO) Arnold Schwarzenegger Confirms Talks to Return as Dutch in New Predator Film

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Arnold Schwarzenegger

Action icon Arnold Schwarzenegger has ignited excitement among fans by confirming he is in active discussions to reprise two of his most legendary roles: Major Alan “Dutch” Schaefer in a forthcoming Predator installment and Conan the Barbarian in a new sequel titled King Conan. The revelations came during a candid conversation at the Arnold Sports Festival in Columbus, Ohio, over the weekend, where the 78-year-old star shared updates on multiple franchise revivals.

Schwarzenegger, whose career-defining performances in the 1987 sci-fi horror classic Predator and the 1982 fantasy epic Conan the Barbarian launched him to superstardom, detailed ongoing talks that signal a major Hollywood comeback for the Austrian-born actor. Speaking to a rapt audience, he highlighted renewed interest from studios, particularly 20th Century Studios (formerly Fox), in leveraging his enduring appeal.

Arnold Schwarzenegger

On the Predator front, Schwarzenegger revealed direct conversations with director Dan Trachtenberg, the filmmaker behind the acclaimed 2022 prequel Prey and the recent Predator: Badlands. “They did an additional Predator and the director Dan Trachtenberg has been doing a great job of that. Now, he wants me to be in the next Predator. We’ve talked about it,” Schwarzenegger said, drawing applause. He added that studio executives have approached him directly, stating, “We want you to do Predator,” amid a broader rediscovery of his star power.

The potential return would mark Schwarzenegger’s first on-screen appearance in the franchise since the original film nearly 40 years ago, where his portrayal of the elite commando facing off against the alien hunter became iconic. Trachtenberg has previously expressed admiration for Schwarzenegger and hinted at possibilities for Dutch’s involvement in future stories. While no formal casting announcement has been made, the discussions align with the franchise’s ongoing momentum following Badlands’ release and its integration of broader sci-fi elements like Weyland-Yutani.

For Conan, Schwarzenegger confirmed that 20th Century Studios has attached acclaimed director Christopher McQuarrie — known for helming the last four Mission: Impossible films and Top Gun: Maverick — to write and direct King Conan. “They just hired a fantastic writer/director who did Tom Cruise’s last four movies to write and direct King Conan,” Schwarzenegger announced. He described the project as a legacy sequel that would embrace his age, promising “all kinds of madness” and a different tone where “I’m still going to kick some ass, but it will be kind of a bit different.”

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The film would serve as a direct follow-up to Conan the Barbarian (1982) and Conan the Destroyer (1984), potentially framing Schwarzenegger’s Conan as an older king drawn back into battle — a concept echoing legacy sequels like Top Gun: Maverick. Previous attempts to revive the franchise, including a 2011 reboot with Jason Momoa, met mixed results, but Schwarzenegger’s involvement and McQuarrie’s track record have generated significant buzz.

Schwarzenegger also mentioned receiving a script for Commando 2, teasing a return as retired Green Beret Colonel John Matrix from the 1985 action hit. “Fox Studios has kind of rediscovered Arnold. They’ve come to me and said, ‘We want you to do Predator, we just got a script for you to do Commando 2,’” he shared. The studio’s enthusiasm underscores a strategy to capitalize on nostalgia for 1980s action heroes amid a wave of revivals.

Fans have long clamored for Schwarzenegger’s returns to these roles, with online communities and petitions advocating for Dutch’s comeback in Predator sequels. His recent animated likeness in Predator: Killer of Killers further fueled speculation. At 78, Schwarzenegger remains active, blending acting with fitness advocacy through his Arnold Sports Festival and other ventures.

No release dates or official production starts have been confirmed for Predator or King Conan, but the talks represent tangible progress after years of rumors. Industry observers note that McQuarrie’s attachment to King Conan elevates its prospects, given his success with high-stakes action and character-driven stories. Trachtenberg’s Predator run has similarly revitalized the series with fresh takes, making a Schwarzenegger cameo or starring role a potential box-office draw.

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Schwarzenegger’s comments reflect his enduring passion for these characters. “The studio has plenty of money to make those really big,” he quipped, hinting at ambitious scopes for the projects. As Hollywood leans into legacy sequels and established IP, his potential returns could anchor major tentpoles in the coming years.

For now, fans await further developments. With discussions advancing, 2026 could mark the beginning of a new chapter for two of Schwarzenegger’s most enduring legacies.

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Japan exports rise 4.2% in February from year earlier

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Japan exports rise 4.2% in February from year earlier

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(VIDEO) Blackpink’s ‘Deadline’ EP Fuels Chart Success and Contract Speculation as Group Eyes Future

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K-pop powerhouse Blackpink continues to dominate headlines following the February 27 release of their third mini-album “Deadline,” the group’s first full group project in over three years since 2022’s “Born Pink.” The five-track EP, led by the EDM-infused title track “GO” and featuring the previously released single “JUMP,” has achieved massive commercial success, breaking records for first-week sales among K-pop girl groups and securing strong Billboard chart positions.

Blackpink

“Deadline” sold 1.46 million copies on its first day, according to Korea JoongAng Daily, setting a new benchmark for highest first-day sales by a K-pop girl group. First-week sales reached 1.77 million units, further solidifying Blackpink’s global dominance. In the U.S., the EP debuted at No. 8 on the Billboard 200 with 52,000 equivalent album units (including 41,000 pure sales), marking their fourth top 10 on the Top Album Sales chart. It also landed at No. 3 on Independent Albums. The lead single “GO” entered the Billboard Hot 100 at No. 63, giving Blackpink their 11th entry on the chart and extending their record as one of the most successful K-pop acts internationally.

Critics have praised the release for its bold sonic evolution while noting the group’s chemistry remains intact. People magazine highlighted that Blackpink is “better together than apart,” with “Deadline” proving untapped potential despite long gaps between group activities. Korea JoongAng Daily described it as walking a “fine line between reinvention and evolution,” blending high-energy EDM with the quartet’s signature confident style. The album’s production involved contributions from the members themselves, including co-writing credits on “GO” alongside Chris Martin of Coldplay, adding a fresh collaborative layer.

Promotion has been active on Korean music shows. Blackpink secured wins for “GO” on Inkigayo and Show Champion in early March, with performances drawing widespread acclaim for their high-energy choreography and stage presence. The music video for “GO” features sci-fi visuals that have resonated with fans, amassing millions of views shortly after release.

Despite the comeback’s triumph, uncertainty looms over Blackpink’s long-term future. Reports indicate the group’s current group contract with YG Entertainment — renewed in 2023 for approximately three years — is set to expire in late 2026, potentially around their 10th anniversary. Discussions for a second renewal could begin in the second half of 2026, according to industry sources cited in outlets like The Korea Herald and YouTube analyses. YG’s recent announcement of 2026 plans for its artists notably omitted specific group activities for Blackpink beyond the “Deadline” era, sparking fan frustration on platforms like Reddit and Facebook.

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A YG video outlining company initiatives for the year mentioned Blackpink only in passing, tying them to the label’s 30th anniversary without detailing comebacks, tours or content. Fans expressed disappointment over the lack of plans during the group’s milestone year, with some speculating a potential hiatus or shift in management. While individual members — Jisoo, Jennie, Rosé and Lisa — have thrived with solo projects through their own labels or partnerships, group activities have remained sporadic.

Blackpink’s members have balanced solo endeavors successfully. Lisa has been filming in Indonesia, Jisoo appeared at Dior events in Japan and starred in projects like “Boyfriend on Demand,” Rosé and Jennie pursued music and fashion ventures. Their individual successes have not diminished group impact; “Deadline” underscores their synergy when united.

The EP’s rollout followed a 2025 world tour that included the pre-released “JUMP” as a summer highlight. No encore dates or new tours have been announced post-“Deadline,” though fans anticipate further promotions. Blackpink also achieved a historic milestone by surpassing 100 million YouTube subscribers earlier this year, cementing their status as the most-subscribed artist on the platform.

As March progresses, attention turns to potential extensions or changes in their YG partnership. Industry observers note that while YG values Blackpink’s commercial power, the members’ independent paths could influence negotiations. For now, Blinks worldwide celebrate “Deadline’s” chart wins and hope for more group music amid the contract buzz.

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Blackpink’s trajectory remains one of unprecedented global reach. With strong sales, music show victories and ongoing solo momentum, the quartet’s influence shows no signs of waning — even as questions about their collective future persist into late 2026.

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Dow Jones Industrial Average Rises 388 Points on March 16 Amid Oil Price Pullback; Futures Dip on March 17

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GameStop shares soared over 400% as small investors took on big hedge funds

The Dow Jones Industrial Average climbed solidly on Monday, March 16, 2026, closing up 387.94 points, or 0.83%, at 46,946.41 — its strongest daily gain in recent weeks amid a brief easing in oil prices that helped alleviate inflation fears tied to the ongoing Middle East conflict. The advance followed a period of volatility driven by escalating U.S.-Iran tensions, which had pushed crude higher and pressured equities earlier in the month.

A trader stands beneath a screen on the trading floor displaying the Dow Jones Industrial Average at the New York Stock Exchange (NYSE) in Manhattan, New York City

The benchmark index opened at 46,707.40 and reached an intraday high of 47,176.14 before paring some gains in late trading. Volume totaled around 515 million shares, reflecting broad participation as 25 of the 30 Dow components finished higher. Tech and growth-oriented names led the charge, with Amazon surging 1.96% to 211.74, Salesforce jumping 2.86% to 198.34, and Microsoft advancing 1.11% to 399.95. Industrials also contributed, as Caterpillar rose 0.83% to 699.78, extending its impressive year-to-date performance of more than 21%.

Broader markets echoed the positive tone. The S&P 500 gained 1.01% to close near 6,699.38 — its biggest one-day advance in five weeks — while the Nasdaq Composite jumped 1.22% to 22,374.18, fueled by AI enthusiasm following Nvidia’s recent GTC 2026 keynote highlighting new chip advancements. The rally marked a rebound after three consecutive weeks of losses for major indices, as investors looked past immediate geopolitical risks when oil retreated from recent peaks.

Oil prices played a pivotal role in Monday’s sentiment shift. Brent crude, which had spiked above $100 a barrel amid attacks on energy infrastructure in the Persian Gulf and Strait of Hormuz disruptions, pulled back modestly, providing breathing room for equities sensitive to energy costs. The drop in crude helped all 11 S&P sectors close higher, with energy names showing resilience despite the moderation.

However, the relief proved short-lived. By early Tuesday, March 17, U.S. stock futures turned lower as oil resumed its advance. Dow futures fell around 0.2% to 0.3%, with contracts pointing to a softer open. Brent crude climbed more than 3% in overnight trading, rebounding toward $104 a barrel on renewed concerns about Middle East escalation, including reports of stepped-up Iranian actions and stalled diplomatic efforts. Asian shares were mixed, with early gains fading in Tokyo and Seoul, while European indicators suggested potential declines of 0.5%.

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The geopolitical backdrop remains the dominant driver. The ongoing conflict involving U.S., Israel, and Iran has disrupted key shipping lanes and energy facilities, raising fears of sustained inflation and supply chain issues. Oil’s volatility has whipsawed markets: a brief cooldown Monday spurred buying, but Tuesday’s rebound soured the mood ahead of European and U.S. opens. Analysts noted that any further escalation could pressure consumer spending and corporate margins, particularly in transportation and manufacturing sectors.

Economic data this week adds another layer. Pending home sales figures are due March 17, offering insight into housing resilience amid elevated mortgage rates. Upcoming retail sales and inflation reports will further shape Fed expectations, though no immediate policy shift is anticipated. The market’s focus on oil and geopolitics has overshadowed some positive corporate developments, including AI-driven optimism in tech.

Year-to-date, the Dow has shown choppiness, recovering from February highs near 50,000 but remaining below peak levels amid the conflict’s drag. The index’s March performance reflects a correction phase, with rebounds like Monday’s providing hope for stabilization if external pressures ease.

Component-level moves on March 16 highlighted sector rotation. Financials like Goldman Sachs rose 1.61% to 794.77, while Boeing gained 1.71% to 213.47 on industrial strength. Laggards were few, including Verizon (down 0.80% to 50.97) and Disney (down 0.63% to 98.66). The absence of major negative earnings surprises allowed buyers to dominate.

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As trading resumes March 17, investors brace for continued volatility. Futures declines suggest caution, with oil above $100 potentially capping upside. Traders monitor any diplomatic breakthroughs or further incidents in the Gulf that could sway sentiment.

The Dow’s recent pattern — sharp swings tied to energy prices — underscores vulnerability to global events in an era of heightened uncertainty. While Monday’s gain offered encouragement, Tuesday’s premarket action signals the rally’s fragility amid persistent Middle East worries.

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FOMC Meeting Preview: A 'Hawkish Hold' As Geopolitical Risk And Stagflation Fears Rise, Implications For The DXY And Dow Jones

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FOMC Meeting Preview: A 'Hawkish Hold' As Geopolitical Risk And Stagflation Fears Rise, Implications For The DXY And Dow Jones

FOMC Meeting Preview: A 'Hawkish Hold' As Geopolitical Risk And Stagflation Fears Rise, Implications For The DXY And Dow Jones

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Rising Oil Prices From Iran Conflict Could Push Airline Fares Higher This Summer

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Air travellers wearing protective face masks, amid the coronavirus disease (COVID-19) pandemic, walk at JetBlue Terminal 5 at JFK International airport in New York, U.S., November 16, 2021.

Air travelers may face higher ticket prices this summer as rising oil costs linked to the ongoing conflict in Iran send jet fuel prices soaring.

The disruption follows Iran’s blockage of the Strait of Hormuz, a key route for roughly 20% of the world’s oil supply, pushing crude above $100 a barrel and national gasoline prices to their highest levels since October 2023.

Jet fuel has not been spared. According to the Argus US Jet Fuel Index, prices reached $3.99 per gallon last Friday, just ahead of the busy travel season, NY Post reported.

“Prices have gone absolutely crazy in the markets,” said Michael Taylor, travel practice lead at JD Power.

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“I would expect to see a triple-digit impact on tickets depending on how much the airline is willing to absorb and what the competitive marketplace looks like.”

The surge in fuel costs could hit long-haul international flights hardest, which consume more jet fuel than shorter trips. Airlines have been forced to reroute flights around parts of the Middle East to avoid conflict zones, further increasing fuel consumption.

While some international carriers, such as Cathay Pacific and Air France-KLM, have announced higher fuel surcharges, most US airlines typically raise overall ticket prices instead.

“These increases are already showing up online,” Taylor noted, pointing to examples like $900 round-trip tickets from JFK to Orlando in June.

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Airlines May Absorb Extra Fees

Airlines are expected to avoid raising fees for extras like checked bags or priority seating, as these have the greatest impact on customer satisfaction.

Fuel costs account for 20-40% of airline operating expenses, making them highly sensitive to market shocks.

Many European and Middle Eastern airlines hedge their fuel purchases, securing fixed prices months or years in advance.

In contrast, most US carriers have abandoned this practice, leaving them vulnerable to sudden price swings.

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United Airlines CEO Scott Kirby told CNBC that higher fuel costs would have a “meaningful impact” on the carrier’s financial results, likely affecting ticket prices soon.

Analysts warn that continued disruptions could extend the effect. Iraq, Kuwait, and Saudi Arabia have already cut output, while Iran reportedly continues to lay mines in the Strait of Hormuz.

According to BBC, Jane Hawkes, a consumer travel expert, said, “Airlines tend to build fuel costs into their pricing, so if those costs stay high, we may well see fares creep up as we head towards the summer holidays.”

Originally published on vcpost.com

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4 Dead, Including Child, in Fast-Moving Queens Apartment Fire

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Savannah Guthrie & Nancy Guthrie

FLUSHING, Queens — A ferocious four-alarm fire tore through a mixed-use building in Flushing on Monday afternoon, killing four people — including a young child — and forcing desperate residents to leap from upper floors to escape the flames, fire officials said.

The blaze erupted shortly before 12:30 p.m. March 16 in a three-story structure at 44-49 College Point Boulevard near Avery Avenue, according to the New York City Fire Department. The building housed commercial businesses on the ground floor and residential apartments above.

FDNY officials described the fire as fast-moving, fueled in part by windy conditions that day. Flames originated on the first and second floors and quickly spread, engulfing much of the structure by the time firefighters arrived just four minutes after the initial 911 call.

Three victims were pronounced dead at the scene, including the child. A fourth person succumbed to injuries after being transported to New York-Presbyterian Hospital Queens. At least 12 others were injured, including several who jumped from third-floor windows in a bid to flee the inferno. Five firefighters also suffered non-life-threatening injuries while battling the blaze.

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Witnesses described chaotic scenes as thick black smoke poured from the building and residents screamed for help. Some trapped on upper levels had no choice but to jump, landing on sidewalks and pavement below. Emergency responders treated multiple people for jump-related injuries, burns and smoke inhalation at the scene and nearby hospitals.

Investigators have not yet determined the official cause of the fire, but neighbors pointed to a vacant apartment allegedly occupied by squatters as a focal point. One resident, speaking anonymously to reporters, said the unit where the blaze may have started was supposed to be empty.

“The apartment was vacant. Nobody was supposed to be living there. They were squatting,” the neighbor, a 30-year-old woman who declined to give her name, told the New York Daily News.

The presence of unauthorized occupants in the allegedly vacant unit has raised questions about building safety, illegal occupancy and potential fire hazards in the densely populated Flushing neighborhood. City officials have not confirmed whether squatters were directly involved in starting the fire or if the blaze originated in that specific apartment, but the detail has drawn attention amid ongoing concerns about squatting in New York City’s housing-strapped boroughs.

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FDNY Commissioner Laura Kavanagh, speaking at a news conference near the charred building, called the incident “devastating” and praised first responders for their rapid arrival and heroic efforts under extreme conditions.

“This was a very challenging fire due to the speed of spread and the number of people who needed rescue,” Kavanagh said. “Our members did everything possible to save lives, but sadly, we lost four today, including a precious child.”

The victims’ identities have not been publicly released pending family notifications and medical examiner confirmation. Officials described the child as young, though an exact age was not immediately available. Some reports indicated a 3-year-old boy was among the deceased, but authorities have not verified that detail.

The building, a mixed-use property common in Flushing’s commercial-residential corridors, sustained heavy damage. Structural engineers were assessing stability late Monday, and parts of College Point Boulevard remained closed into Tuesday as cleanup and investigation continued.

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Mayor Eric Adams expressed condolences in a statement, calling the deaths “heartbreaking” and vowing a thorough probe.

“Our first responders ran toward danger once again to save lives,” Adams said. “We will support the families affected and work to prevent such tragedies in the future.”

The fire highlights persistent challenges in Queens, where older buildings, overcrowding and occasional illegal conversions contribute to fire risks. Flushing, a vibrant immigrant hub, has seen multiple serious blazes in recent years, often linked to electrical issues, cooking accidents or unauthorized modifications.

Neighbors gathered near police tape Monday evening, some holding candles and photos, as grief rippled through the tight-knit community. One local shop owner nearby said the smoke was visible for blocks and the sirens seemed endless.

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“It happened so fast,” the owner said. “One minute everything was normal, the next the whole building was on fire.”

As of Tuesday morning, March 17, the FDNY’s fire marshal unit continued its origin-and-cause investigation. Arson has not been ruled out, though no criminal charges have been announced. Officials urged anyone with information to contact authorities.

The tragedy comes amid broader discussions about housing enforcement in New York City, where vacant properties sometimes attract squatters seeking shelter in a market with soaring rents and limited affordable options.

Community leaders called for stronger inspections and support for vulnerable residents. “This isn’t just about one fire — it’s about making sure every building is safe, especially for families and children,” one advocate said outside the scene.

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Fire officials reminded residents to install and maintain working smoke detectors, create escape plans and avoid unauthorized occupancy that can compromise building safety systems.

As investigators comb through the wreckage, the Flushing community mourns four lives lost in an instant — a stark reminder of fire’s indiscriminate danger in one of the city’s most dynamic neighborhoods.

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