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Trump turns Florsheim into White House status symbol: report

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Trump turns Florsheim into White House status symbol: report

President Donald Trump has reportedly been gifting Florsheim dress shoes to top administration officials, turning the 134-year-old brand into an unexpected status symbol inside the White House.

Trump has surprised some Cabinet members, White House advisors and members of Congress with the shoes – sometimes even guessing their sizes and instructing staff to place the orders. The president personally pays for the footwear, The Wall Street Journal reported.

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At Cabinet meetings, Trump has reportedly even asked recipients, “Did you get the shoes?”

Vice President JD Vance, Secretary of State Marco Rubio, Transportation Secretary Sean Duffy, War Secretary Pete Hegseth and Commerce Secretary Howard Lutnick are among those who have received pairs, according to the Journal.

‘HAPPY TRUMP’ PINS AVAILABLE, AMONG OTHER COLLECTIBLES, AFTER PRESIDENT DONS NEW ACCESSORY

U.S. President Trump WEF Davos

President Donald Trump alongside Secretary of State Marco Rubio, Treasury Secretary Scott Bessent, Secretary of Commerce Howard Lutnick, Energy Secretary Chris Wright and U.S. Special Envoy to the Middle East Steve Witkoff at the World Economic Forum (Chip Somodevilla/Getty Images)

“All the boys have them,” one White House official said.

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Trump recently began looking for footwear for long workdays and chose Florsheim, whose shoes typically sell for about $145.

Some officials now wear the shoes when they are around the president, and in some cases reluctantly, the Journal reported.

TRUMP STORE SPARKS BUZZ AND DEBATE WITH NEW TRUMP 2028 MERCHANDISE

Florsheim shoe sign

Founded in Chicago in 1892, Florsheim supplied U.S. troops during both World Wars and was once worn by President Harry Truman. (Tim Boyle/Getty Images)

During a December Oval Office meeting, Trump reportedly noticed Vance and Rubio’s footwear, suggested they needed an upgrade and asked for their sizes, the Journal reported.

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“You know, you can tell a lot about a man by his shoe size,” Vance later recalled Trump saying.

A photo of Rubio’s shoes has since gone viral, with some online critics speculating that his pair appeared too large.

Founded in Chicago in 1892, Florsheim supplied U.S. troops during both World Wars and was once worn by President Harry Truman. The company is now part of Wisconsin-based Weyco Group.

TRUMP SAYS HIS TARIFFS AIM TO PROMOTE US PRODUCTION OF TANKS, NOT T-SHIRTS: ‘WE WANT TO MAKE BIG THINGS’

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President Trump Departs Japan

President Donald Trump gestures as he prepares to board Air Force One to depart for South Korea at Haneda Airport on Oct. 29, 2025, in Tokyo, Japan. (Andrew Harnik/Getty Images)

Thomas Florsheim Jr., CEO of Weyco Group and a fifth-generation family member, told the Journal he was unaware of the president’s purchases.

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The White House and Florsheim did not respond to FOX Business’ request for comment.

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Anthropic’s Claude Can Now Whip Up Charts, Interactive Visuals for Step-by-Step Tutorials

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Anthropic added a new feature to Claude that gives the chatbot the capability to create interactive visuals directly in the chat, featuring elements such as charts, diagrams, and more.

This latest tool focuses on giving users interactive visuals regarding different topics they ask for help with.

Anthropic Claude Can Now Create Charts, Visuals

Anthropic announced the latest feature now available on Claude, and it offers a new way to help users visualize explanations or answers that the chatbot would normally explain.

Instead of getting lines or paragraphs of text content explaining an answer or information, Claude will now whip up interactive charts, diagrams, and many other forms of visualizations.

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According to Anthropic, the team previously previewed this tool last fall, calling it “Imagine with Claude,” and now, they are bringing this feature to the beta testing phase for more users to explore.

The visuals that Claude creates are interactive, and users may click on some parts of the chatbot’s generated content and see more information on each piece of data.

According to Anthropic, the chatbot creates these visuals “in real time, without any code.”

Step-by-Step Tutorials With Visuals From Claude

According to Anthropic, they added this new Claude tool to better aid users’ understanding amidst the discussion of the topic. When users ask for directions regarding certain activities, Claude will build these interactive visuals in line with the text with step-by-step tutorials.

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The company said that the visuals are temporary, and these will change or disappear as the conversation continues.

In Anthropic’s example, users may ask about the periodic table, and Claude will generate an interactive table where users may click on each element to give them more information and content.

This will pair well with Claude’s memory feature that is now available on the Free tier, making it remember past conversations to get better context.

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Originally published on Tech Times

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US eases Russia oil sanctions as Iran war pushes up energy prices

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US eases Russia oil sanctions as Iran war pushes up energy prices

US Treasury Secretary Scott Bessent said it was a temporary measure that will last until 11 April.

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Meta Tests Instagram Clickable Links on Caption for Verified Users, But There’s a Catch

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Meta is now testing a way on Instagram to share clickable links right on a post’s caption, which is available for subscribers of the platform’s verification program.

Meta Tests Instagram Links on Captions for Verified Users

Andrea Valeria, also known as @itstravelod, shared a new post on Threads detailing her latest discovery of a new Instagram feature that allows users to add clickable links to their posts’ captions.

Through the feature, users have the chance to choose which word gets the hyperlink to better highlight their messaging to followers and fans.

According to Meta (via Engadget), the company is indeed testing this feature on Instagram, and this widens the channels where users may add hyperlinks on the platform.

Meta further confirmed that this feature is limited to Meta Verified subscribers, particularly for those who have the blue checkmark verification.

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Before this, users could only share links on Instagram via Reels, Stories, and profiles.

Instagram Clickable Links on Captions Have a Catch

The new Instagram feature opens up massive opportunities for content creators, influencers, and businesses to share direct links on their captions, but there is a catch.

According to Valeria, after adding the clickable links to her Instagram post, she got a message from the platform that eligible users may only use the new feature 10 times a month.

Meta did not comment regarding the limits to the feature. The company also did not share how many Verified users are part of the latest test and if it will be available to more subscribers in the future.

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Originally published on Tech Times

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Arlo Technologies CEO Mcrae sells $2.1 million in stock

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Arlo Technologies CEO Mcrae sells $2.1 million in stock

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Income + Arbitrage FoFs gain ground in choppy market

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Income + Arbitrage FoFs gain ground in choppy market
Mumbai: A relatively new hybrid mutual fund product, being marketed as safe and tax-efficient, is gaining traction among investors disillusioned by the wobbly equity returns in recent months.

Income plus arbitrage fund of funds (FoF)-a category that allocates just under 65% to fixed income with the balance to equity arbitrage strategies-has seen its assets grow by 75% to nearly ‘23,500 in February from June last year, according to data from Value Research. With equity’s prospects turning hazier in the wake of the West Asia conflict, investment advisors expect the product to become more popular among investors.

“Investors are hesitant to allocate more to equity as the impact is unknown given the geopolitical tensions around the globe,” says S Shankar, certified financial planner, Credo Capital. “They are allocating new money to safe and tax-efficient strategies like the income plus arbitrage fund of funds.”

The category came into prominence in February last year after mutual funds repackaged some of their existing debt schemes as fund of funds (FoFs) – a product that invests in a collection of other funds- to take advantage of the tax benefits for this category announced in the 2025 budget. What were originally debt schemes were refurbished as fixed income plus arbitrage that reduced the tax outgo for investors.

Gains from Income plus arbitrage fund of funds are taxed at 12.5% if held for more than 24 months. In comparison, capital gains from plain vanilla debt schemes are taxed as per the tax slabs. Most fund houses run portfolios under this category with a yield to maturity (YTM) of around 6.9-7.1%.

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After accounting for expenses, these schemes could fetch returns of 6.5 – 6.75% .
“We have maintained duration around 2.5 years as a strategy to generate capital gains when yields come down as well as earn high accruals,” says Shantanu Godambe, fund manager, DSP Mutual Fund. Some fund managers follow a core-and-satellite strategy, keeping a large portion of the portfolio in fixed income while using a smaller allocation for trading opportunities in bonds. “The core fixed income portfolio is positioned in line with the medium term view on bond yields, while some allocation could be based on the tactical view on the bond market,” says Dhawal Dalal, president & CIO-fixed income, Edelweiss Asset Management.

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Food delivery, QSR stocks slip on LPG shortage fears

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Food delivery, QSR stocks slip on LPG shortage fears
Mumbai: Shares of quick service restaurant operators and online delivery platforms weakened on Thursday as a shortage of commercial LPG cylinders disrupted operations and is feared to hit delivery volumes.

Among online delivery platforms, shares of Eternal (Zomato) and Swiggy each ended 1% lower after declining as much as 5%.

Food Delivery, QSR Stocks Slip on LPG Shortage FearsAgencies

War Begins to choke Supply disruptions have hit kitchen operations in some areas, though the impact on large QSR chains is limited so far

Westlife Foodworld, operator of McDonald’s restaurants in West and South India, slipped about 3%, Jubilant FoodWorks, a franchisee of Domino’s brand, fell nearly 2.4% and Speciality Restaurants, owner of multiple restaurant chains, ended 0.2% lower.

“The decline in food delivery and QSR stocks appears to be a knee-jerk reaction to concerns around a potential shortage of commercial LPG cylinders and the possible disruption it may cause to restaurant operations,” said Nirali Bhansali, equity fund manager at Samco Mutual Fund.

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According to Sunny Agarwal, head of fundamental research at SBI Securities, feedback from restaurant owners suggests LPG supply disruptions have begun affecting kitchen operations in some places, although the impact on large listed QSR chains is likely to be limited.


“Many restaurant owners have indicated disruption in the supply of LPG and the likely impact on smooth operations,” Agarwal said, adding that organised QSR chains are relatively less dependent on commercial LPG cylinders as they often rely on electric ovens and other cooking equipment.
Technical indicators are flashing signs of a pullback in Eternal Ltd and Jubilant FoodWorks. “Technically, on the short-term time frame, Eternal is forming lower highs and is trading comfortably below short-term averages, which is largely negative,” said Amol Athawale, vice-president, technical research at Kotak Securities.

So far this month, Eternal Ltd shares have corrected more than 10%.

If the stock succeeds in trading above the 210-215 range, the pullback could extend towards 235-240. On the other hand, below 210 the sentiment could turn negative, in which case traders may prefer to exit long positions, Athawale said.

Jubilant FoodWorks slipped below its crucial support zone of 480, after which selling pressure intensified. “As long as the stock remains below ‘480, the weak formation is likely to continue on the downside, with potential retests of 450 and 440,” he said.

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What Businesses Must Know in 2026

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What Businesses Must Know in 2026

Thailand is quietly engineering one of Southeast Asia’s most consequential regulatory shifts. As artificial intelligence becomes increasingly embedded in commerce, finance, and governance, the kingdom is developing a legal framework that will redefine how companies, both local and multinational, build, deploy, and govern AI systems within Thai territory.

Key takeaways

  • Thailand is building a comprehensive, risk-based national AI framework that will impose direct legal duties on both AI providers and deployers, with a dedicated AI Governance Center set to oversee enforcement.
  • Sector-specific AI regulations in judicial processes, consumer protection, and financial services are already in force, meaning legal exposure for businesses is current, not future.
  • Companies must act now by strengthening internal AI governance, updating external-facing documents, and maintaining clear documentation to stay ahead of tightening transparency and accountability requirements.

According to a legal update published on March 9, 2026, by Baker McKenzie, the country’s AI regulatory framework is no longer a distant ambition. It is a developing legal reality, and businesses that fail to prepare now risk being caught flat-footed when the full weight of legislation arrives.

A Framework in Motion, But Not Yet Law

At the heart of Thailand’s regulatory evolution is a comprehensive national AI framework currently in development, with enactment projected within the next few years. The framework is not a patchwork of ad-hoc rules. It is a structured, principles-driven architecture built on a risk-based model, one that classifies AI systems by the severity of harm they may cause and assigns corresponding legal obligations.

This is a design philosophy already proven in the European Union’s landmark AI Act, and Thailand’s adoption of a similar tiered approach signals that Bangkok is watching the global regulatory conversation carefully and choosing to align itself with emerging international standards rather than chart an isolated course.

Under the forthcoming framework, the obligations will be sharpest for those operating at the frontier. High-risk AI providers, those who develop and commercialise AI systems, and deployers, businesses that implement AI tools in their products and services, will face explicit legal duties. The specifics are still being shaped, but the direction is clear: accountability will be demanded at every link in the AI value chain.

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Individual Rights at the Centre

Critically, the national framework does not only address industry compliance. It also establishes individual rights in relation to AI, a move that places human dignity and autonomy at the normative centre of Thailand’s AI governance model.

The inclusion of individual rights signals that Thai regulators understand AI regulation is not merely a business compliance exercise. It is, fundamentally, a question of how technology mediates the relationship between citizens, institutions, and power. These rights, when enacted, are expected to give Thai individuals recourse when AI systems affect decisions that touch their lives, from credit assessments and job applications to healthcare triage and judicial processes.

A New Regulator on the Horizon: The AI Governance Center

Oversight of this framework will fall to a newly created body: the AI Governance Center. While its full mandate, staffing, and enforcement powers are yet to be publicly detailed, its creation is the clearest institutional signal yet that Thailand is not merely passing laws. It is building the bureaucratic infrastructure to enforce them.

For businesses, the emergence of a dedicated AI regulator is a pivotal development. It means that, unlike today’s diffuse enforcement environment, there will soon be a single authoritative body empowered to investigate, sanction, and guide AI use across sectors.

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Sector-Specific Rules Already in Force

Critically, businesses should not mistake the pending national framework for a regulatory vacuum. Multiple sector-specific rules are already in effect, covering domains as varied as judicial processes, governing the use of AI in legal and court proceedings, consumer protection, setting standards for AI-driven transactions and interactions, and financial services, addressing algorithmic decision-making, risk modelling, and customer-facing AI in banking and fintech. These rules carry immediate legal force. Non-compliance is not a future risk; it is a present one.

Soft Law Is Shaping Hard Expectations

Beyond binding regulations, Thailand has also cultivated a growing body of non-binding guidelines on ethical and responsible AI use. While these documents carry no direct legal penalty, their significance should not be underestimated.

In regulatory practice globally, soft law often precedes hard law. Guidelines shape how regulators interpret ambiguous situations, how courts assess reasonableness, and how enforcement priorities are set. Businesses that dismiss ethical AI guidelines as voluntary risk misunderstand how they function in practice as pre-competitive compliance benchmarks.

The AI and Privacy Nexus: A Draft Under Public Scrutiny

One of the most closely watched recent developments is the release of a draft regulation addressing the intersection of AI and privacy, which has been sent for public hearing. This reflects a recognition, increasingly common among regulators worldwide, that AI and data protection law are inseparable.

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AI systems are, at their core, data-processing engines. They ingest personal information, learn from it, generate outputs that reflect it, and often make decisions that affect the people it belongs to. Treating AI governance and privacy regulation as distinct silos was never intellectually coherent, and Thailand’s move to address them together is a significant step toward regulatory coherence.

The Prescription for Businesses: Act Now, Not Later

Baker McKenzie’s Bangkok partners Pattaraphan Paiboon and Kritiyanee Buranatrevedhya, along with associates Aue-angkul Santirongyuth, Pimpisa Ardborirak, and Pirun Suttiprapha, are unambiguous in their guidance to businesses navigating this hybrid environment.

The advice is to act proactively, not reactively. Companies are advised to build internal AI governance frameworks before regulators demand it, documenting how AI is used internally, who is responsible for oversight, and what risk controls are in place. Businesses should also update external-facing documentation, including terms of service, privacy notices, and consumer disclosures, to reflect AI use, particularly as transparency obligations crystallise in law. Maintaining clear, defensible documentation is equally important, as the strength of a company’s position will depend heavily on its paper trail when regulators eventually scrutinise AI deployments. Finally, companies must mitigate legal exposure under existing law, since consumer protection, data privacy, financial services, and tort law already apply to AI-related harms, regardless of whether a dedicated AI law is yet in force.

The Bottom Line

Thailand’s AI regulatory moment has arrived, not with a bang, but with the steady, deliberate accumulation of frameworks, guidelines, sector rules, and now a dedicated oversight institution. The national framework will take time to enact, but the direction is set, and the pace is quickening.

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For businesses operating in Thailand, the message from Baker McKenzie is both simple and urgent: the time to build AI governance infrastructure is now, not when the ink dries on legislation, but while there is still space to shape internal culture, update documentation, and get ahead of what will inevitably become mandatory.

Those who treat this moment as a preview rather than a warning will have a significant competitive and legal advantage when Thailand’s AI regulatory architecture reaches full force.

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Oil price profiteering will not be tolerated, says Miliband

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Oil price profiteering will not be tolerated, says Miliband

Ed Miliband says the competition watchdog is primed to intervene if firms use the oil price shock to “rip off” customers.

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Energy Secretary Wright says Navy escorts for tankers coming relatively soon

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Energy Secretary Wright says Navy escorts for tankers coming relatively soon

Energy Secretary Chris Wright on Thursday said that while the U.S. Navy may soon be in a position to escort oil tankers through the Strait of Hormuz to protect them from attacks by Iran, the Navy isn’t yet ready to do so.

Wright said in an interview on CNBC’s “Squawk Box” that tanker escorts through the Strait of Hormuz – a vital chokepoint in the shipping lanes through the Persian Gulf – will be on the table in the near future as the air campaign against Iran’s military capabilities continues. Shipping traffic in the strait has largely ground to a halt due to the risk of Iranian attacks.

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“It’ll happen relatively soon, but it can’t happen now,” Wright said in the interview. “We’re simply not ready. All of our military assets right now are focused on destroying Iran’s offensive capabilities and the manufacturing industry that supplies their offensive capabilities.”

The energy secretary was asked in the interview whether the Navy would be in a position to begin escorting tankers through the strait by the end of this month and Wright responded, “Yes, I think that is quite likely the case.”

CARGO SHIP STRUCK IN STRAIT OF HORMUZ AMID IRAN WAR

An aerial view Port of Fujairah, United Arab Emirates in the strait of Hormuz

An aerial view of Port of Fujairah, United Arab Emirates, in the Strait of Hormuz, Dec. 10, 2023. (Reuters/Stringer)

“Again, I’ll be over at the Pentagon later today. But that is what the military is working on and, yes, a lot of critical materials come out of the Strait of Hormuz,” Wright told CNBC.

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“We have a large global economy. Fortunately, with President Trump’s policies, we’re a net exporter of oil, we’re a net exporter of natural gas, and in fact we’re growing our net exports of natural gas this spring, this summer. You’ll see massively more capacity online by the end of this year,” he added.

OIL SPIKE FADES AS MARKETS REASSESS IRAN WAR SUPPLY RISKS

Oil tanker in Strait of Hormuz

Ships passing through the narrow Strait of Hormuz are vulnerable to Iranian attacks. (Giuseppe Cacace/AFP via Getty Images)

Wright said in the interview that the Trump administration doesn’t want the Iran campaign to be a “brush off for a year or two” and wants to “permanently destroy their ability to build missiles, to build drones, to have a nuclear program.”

“It is short-term pain for the long-term gain, but it’s simply a must-achieve thing. Otherwise, you’ve got decades into the future of an Iran that can hold the world hostage whenever it wants,” he added.

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HOW THE IRAN WAR COULD HIT AMERICANS’ GROCERY BILLS

Energy Secretary Chris Wright on stage

Energy Secretary Chris Wright said the Navy may be able to provide escorts through the Strait of Hormuz later this month. (Adam Gray/Bloomberg via Getty Images)

The energy secretary’s comments come after a subsequently deleted social media post on his X account indicated that the “U.S. Navy successfully escorted an oil tanker through the Strait of Hormuz to ensure oil remains flowing to global markets.”

However, the post was taken down and White House press secretary Karoline Leavitt confirmed during a briefing that the “U.S. Navy has not escorted a tanker or vessel at this time. Though, of course, that is an option the president has said he will absolutely utilize if and when necessary at the appropriate time.”

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Oil prices have surged amid the conflict with Iran, with prices briefly rising near $115 a barrel before declining and trading between about $80 and $95 a barrel this week.

Gasoline prices have also spiked, with AAA reporting the national average price for a gallon of gas rose to $3.598 a gallon as of Thursday – up from $2.944 a gallon a month ago.

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Positive Breakout: These 8 stocks cross above their 200 DMAs – Upside Ahead?

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Positive Breakout: These 8 stocks cross above their 200 DMAs - Upside Ahead?

In the Nifty500 pack, eight stocks’ closing prices crossed above their 200 DMA (Daily Moving Averages) on March 12, 2026, according to stockedge.com’s technical scan data. Traders use the 200-day daily moving average (DMA) as a key indicator to determine the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend. Take a look:

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