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US stocks rebound on AI optimism revival; Dow rises 387 pts, Nasdaq, S&P 1%

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US stocks rebound on AI optimism revival; Dow rises 387 pts, Nasdaq, S&P 1%
Wall Street ended sharply higher on Monday, fueled by gains in AI-related stocks, with Meta Platforms climbing after a report that it is preparing for sweeping layoffs, while oil prices retreated amid ongoing uncertainty about the Middle East conflict.

The Dow Jones rose 387.94 points, or 0.83%, to 46,946.41, the S&P 500 gained 69.92 points, or 1.05%, to 6,702.18, and the Nasdaq advanced 268.82 points, or 1.22%, to 22,374.18.

Meta jumped after Reuters reported that the social media platform plans to shrink its workforce by at least 20% to offset costly artificial-intelligence infrastructure bets and prepare for greater ‌efficiency brought about by ⁠AI-assisted workers.

Nvidia ⁠climbed after CEO Jensen Huang announced new components at the chipmaker’s annual developer conference.

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Taiwan’s Foxconn, which makes AI servers using Nvidia chips, issued a strong quarterly revenue forecast on Monday.


Tesla rose after CEO Elon Musk said the company’s Terafab project to make AI chips will launch in seven days.
Micron Technology jumped after the memory chipmaker announced plans for a second manufacturing facility in Taiwan. A modest drop in crude prices after the U.S. said it would be “fine” with some Iranian, Indian and Chinese ships moving through the Strait of Hormuz also offered some relief to the market.

“You’ve got news that Iranian oil tankers are moving through, or are soon going to be ⁠moving through, ‌the Strait of Hormuz, which is a positive for global economic stability,” said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in Minneapolis.

“But on balance, the path forward is filled with twists and turns. … There’s lack of ⁠visibility when the conflict is likely to end.”

Higher energy prices are likely to feature prominently in central bank meetings globally this week.

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The Fed is widely expected to leave interest rates unchanged at the end of its two-day meeting on Wednesday. Traders have pushed back their expectations for an interest rate cut of at least 25 basis points beyond October, according to LSEG-compiled data, compared with their previous expectation of a cut in July.

“There are a couple of reasons to take any signals from this meeting with a pinch of salt. First, a swing in oil prices in either direction could quickly change the Fed’s thinking, and second, markets might slightly discount messages from Chair (Jerome) Powell, given this ‌will be one of the last of his term,” said James McCann, senior economist at Edward Jones in a note.

Wall Street’s fear gauge, the CBOE volatility index, dropped, while the rate-sensitive Russell 2000 index gained.

Despite logging declines over the past three weeks, U.S. equities have fared better than global peers, buoyed by a rebound in beaten-down technology stocks and as the country is a net oil exporter. However, the S&P 500 remains down about 2% so far in 2026.

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February industrial production increased 0.2%, slightly better than expectations of a 0.1% rise.

Travel stocks Delta Air Lines and Norwegian Cruise Line Holdings both gained, lifted by lower oil prices.

Crypto stock Strategy Inc climbed as bitcoin rallied around 3%.

Discount retailer Dollar Tree rose after signaling it could benefit from favorable tariffs in the near term.

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Four North East entrepreneurs launch new tech venture with six-figure backing

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Business Live

The firm will initial focus on the North East but it has also set its sights on opportunities overseas

The Future Vision Group team: Robert Webster, David Forrester, James Hart and Anthony Ford.

The Future Vision Group team: Robert Webster, David Forrester, James Hart and Anthony Ford.(Image: Future Vision Group)

Four entrepreneurs have joined forces to launch a new North East telecoms and outdoor display group. Robert Webster, Anthony Ford, David Forrester and James Hart have created Newcastle based Future Vision Group, backing up the firm with a six-figure investment committed by each of the directors.

The Newcastle-registered company specialises in outdoor digital displays including weatherproof televisions and LED screens that can be found in pubs, football stadiums and concert venues. It also provides telecommunications services such as business broadband, cloud and hosted telecommunications, business mobile phones and structured cabling.

Initially focussing on the UK market, Future Vision Group plans to create new jobs in the coming months after setting its sights on opportunities overseas, including in Dubai and the US.

Managing director Robert Webster, who brings with him over 30 years experience within the tech sector, said: “After several years in the industry working at director-level, I knew the time was right to start our own venture and bring Future Vision Group to the marketplace.

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“The team we’ve put in place is vastly experienced, and with the connections we each have, we’re confident that we will be able to quickly establish the business as the go-to supplier of outdoor TV’s, large digital displays and first-class telecommunications solutions.

“Although very early on, I believe our biggest challenge will not be if or how we grow, but how we manage that growth. That has to start with getting our position within the UK market established, then looking at opportunities overseas.”

Future Vision Group has now moved into a unit, with offices and a warehouse, in Peterlee. Alongside the four directors, the business has a team of sales, support and project management staff.

David Forrester, who until recently was part owner and director at Team Valley sign manufacturer Astley, said: “I knew Robert and Anthony well from my days at Astley so when the opportunity to join Future Vision Group came up, it was too good to miss.

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“In Astley I was at the helm of a hugely successful company, that worked with many national and international brands. My aim is to bring some of that success to Future Vision Group and help the business establish a reputation for excellence, one that is synonymous with top quality products and first class services.”

To find all the planning applications, traffic diversions, road layout changes, alcohol licence applications and more in your community, visit the Public Notices Portal.

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US Stocks: Delta Air Lines lifts revenue outlook despite jet fuel hit, shares jump 4%

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US Stocks: Delta Air Lines lifts revenue outlook despite jet fuel hit, shares jump 4%
Delta Air Lines raised its first-quarter revenue forecast in light of robust travel demand, offsetting a hit from spiking jet fuel costs due to the Middle East war.

The big US carrier confirmed its profit projection for the period, even as jet fuel prices almost doubled, according to Chief Executive Officer Ed Bastian.

Bastian told an investor conference the carrier had experienced “a $400 million fuel spike just in the month of March” due to a roughly 40 percent surge in crude prices from the period just ahead of the February 28 start of the US-Israeli campaign against Iran.

But Bastian said consumers have still been booking trips in significant numbers, resulting in eight of the company’s 10 highest sales days in history during the quarter. Five of them came in March, with the war under way.

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“Sales for us have been very, very strong all quarter long, most particularly starting off in the March spring season, which is typically the season when travel bookings really start to accumulate,” he said.


Bastian reported broad-based growth in Delta’s domestic market. By contrast the company has seen “a very modest decline in Europe since the war started,” he said.
Shares of Delta jumped 4.8 percent in early trading.

But Bastian said less than 20 percent of the company’s transatlantic revenues is from point-of-sale Europe.

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Earnings call transcript: W&T Offshore’s Q4 2025 misses forecasts, stock rises

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Earnings call transcript: W&T Offshore’s Q4 2025 misses forecasts, stock rises

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Chad to gradually replace Kenyan force in Haiti through October, Dominican Republic says

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Chad to gradually replace Kenyan force in Haiti through October, Dominican Republic says


Chad to gradually replace Kenyan force in Haiti through October, Dominican Republic says

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7 Brew enters retailers

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7 Brew enters retailers

The company’s canned coffees are available at Arkansas Walmart locations. 

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MadeGood launches new snacks

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MadeGood launches new snacks

The products offer 4 grams of fiber per serving. 

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(VIDEO) US Counterterrorism Joe Kent Resigns Over U.S. War in Iran, Claims Tehran Posed ‘No Imminent Threat’

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Joe Kent

WASHINGTON — Joe Kent, director of the National Counterterrorism Center, announced his resignation Tuesday, becoming the first senior official in the Trump administration to step down in protest over the ongoing U.S. military involvement in Iran.

Joe Kent
Joe Kent

In a statement posted on X, Kent said he “cannot in good conscience” continue to support what he described as an unnecessary war. He asserted that Iran “posed no imminent threat to our nation, and it is clear that we started this war due to pressure from Israel and its powerful American lobby.”

The resignation marks a significant break within the administration’s national security ranks amid escalating conflict in the Middle East. U.S. and allied forces have been engaged in strikes against Iranian targets since early March 2026, following a series of escalations that included Israeli operations and Iranian proxy attacks on regional interests.

Kent, a former Army Green Beret and longtime Trump supporter, was confirmed as NCTC director in July 2025 after a contentious Senate process. He had faced criticism during his nomination for past associations with far-right figures and promotion of conspiracy theories, but Republicans advanced his confirmation along party lines.

The National Counterterrorism Center, part of the Office of the Director of National Intelligence, fuses intelligence on domestic and foreign terrorism threats, coordinates analysis and shares information across agencies. Kent’s departure comes as the U.S. faces what officials describe as elevated terrorism risks tied to the Iran conflict, including potential retaliation from Tehran-backed groups.

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Administration officials did not immediately comment on the resignation or name a successor. White House press secretary statements earlier in the day defended U.S. actions as necessary to counter Iran’s nuclear ambitions and support for terrorism, rejecting claims of external pressure dictating policy.

Kent’s statement drew swift reactions across the political spectrum. Some Trump allies criticized the move as disloyalty, while critics of the war hailed it as principled dissent. Rep. Don Bacon, R-Neb., posted on X that Kent’s departure was “good riddance,” citing Iran’s history of attacks on Americans. Democratic lawmakers, including those who opposed Kent’s nomination, pointed to his words as validation of concerns over the war’s justification.

The conflict’s origins remain disputed. Administration officials have described initial U.S. strikes as preemptive against an “imminent” Iranian nuclear breakout or threats to American forces, though intelligence assessments shared publicly have varied. Kent’s claim that no such imminent threat existed aligns with some congressional Democrats’ arguments that the war lacks constitutional authorization and clear strategic rationale.

The war has intensified in its second week, with reports of heavy airstrikes on Iranian military sites, ballistic missile exchanges and civilian casualties on both sides. A new Iranian supreme leader assumed power amid the chaos, facing immediate internal and external pressures. U.S. officials have reported no direct homeland attacks linked to the conflict so far, but warnings persist about heightened risks to Americans abroad and potential cyber or proxy operations.

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Kent’s background as a combat veteran who served in Iraq and Afghanistan added weight to his critique. In his confirmation hearing, he emphasized using intelligence to avoid “endless wars,” a stance some now see as ironic given his role in an administration pursuing aggressive action against Iran.

The resignation highlights strains within U.S. national security apparatus. Recent reports indicate firings and departures at the Justice Department and FBI have depleted counterterrorism resources, even as threats rise amid the war. About half of the DOJ’s counterterrorism prosecutors have left since the administration began, alongside significant turnover elsewhere.

Kent’s post on X garnered rapid attention, with thousands of reposts and comments. He did not elaborate on immediate plans but signaled intent to speak more publicly about his concerns.

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The White House has maintained that military operations aim to eliminate threats from Iran’s nuclear program and its support for groups like Hezbollah and the Houthis. President Trump has described the campaign as decisive action to prevent a nuclear-armed Iran, contrasting with what he calls failed diplomacy under previous administrations.

Iranian officials have denounced U.S. involvement as aggression driven by Israeli interests, vowing retaliation while denying nuclear weapon pursuits. International observers warn of risks for broader regional escalation, including potential involvement from other powers.

Kent’s exit is the most prominent yet in what some analysts describe as growing unease among intelligence and defense professionals over the war’s scope and justification. Earlier departures have been quieter, tied to policy shifts or personnel changes rather than explicit protests.

As the administration navigates the fallout, questions linger about intelligence-policy alignment. Kent’s assertion challenges the narrative used to launch operations, potentially fueling congressional scrutiny when lawmakers return from recess.

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The NCTC continues operations under acting leadership, with focus on monitoring any spillover terrorism threats. Officials urged vigilance but reported no immediate changes to threat levels.

Kent’s resignation underscores deep divisions over U.S. foreign policy in a volatile moment, as the nation grapples with the costs and consequences of another Middle East conflict.

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Apartment concessions hit highest level in over a decade

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Apartment concessions hit highest level in over a decade

Key Points

  • Nationwide, 16.6% of stabilized apartments offered concessions in January, according to RealPage Market Analytics.
  • That’s an increase from December as high supply and weakening renter demand dent the multifamily market.
  • The average January discount was 10.7%, or roughly five weeks of free rent.

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APi Group Corporation (APG) Presents at JPMorgan Industrials Conference 2026 Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

APi Group Corporation (APG) JPMorgan Industrials Conference 2026 March 17, 2026 7:30 AM EDT

Company Participants

Glenn Jackola – Executive VP & CFO
Adam Walters

Conference Call Participants

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Tomohiko Sano – JPMorgan Chase & Co, Research Division

Presentation

Tomohiko Sano
JPMorgan Chase & Co, Research Division

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Okay. Good morning, everyone. Welcome to JPMorgan Industrial Conference Day 2. This is Tomo Sano, SMID Cap Industrial analyst, and I’m pleased to open the day with APi Group. David Jackola, Executive Vice President, Chief Financial Officer; Adam Walters, Senior Director, Investor Relations. Thank you, David, and Adam.

Glenn Jackola
Executive VP & CFO

Good morning.

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Adam Walters

Good morning.

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Tomohiko Sano
JPMorgan Chase & Co, Research Division

So before we dive in, I’d like to share why APi Group is such a compelling addition to this year’s our conference. APi stands out as a leader in safety and specialty services with a resilient regulatory-driven business model and a clear road map to $10 billion plus revenue, 60% recurring revenue and 16% plus EBITDA margin by 2028. Their 10/16/60+ strategies and strong free cash flow make them a model of both stabilities and growth in the industrial sector. So to kick things off, I think it would be helpful to start with the introduction to APi Group, who the company is, what you do and also your stories. So David, could you kick off?

Glenn Jackola
Executive VP & CFO

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All right. All right. Good morning. Before I get started, I just wanted to take a minute to thank everybody for showing up bright and early and for your interest in APi Group. So APi Group is a global marketing — market-leading business service provider of fire and life safety, security, elevator and escalator and specialty services. We did about $8 billion of revenue in 2025 and about 54% of that revenue comes from highly

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Bentley to cut 275 jobs as profits fall 42% amid global market pressures

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Bentley to cut 275 jobs as profits fall 42% amid global market pressures

Bentley is to cut 275 jobs as the luxury carmaker grapples with a sharp decline in profits and mounting pressure from a weakening global market, underlining the growing strain even at the very top end of the automotive sector.

The Crewe-based manufacturer confirmed that around 6 per cent of its 4,600-strong workforce will be affected as part of what it described as “organisational efficiency measures”, with roles expected to go across management, agency and non-manufacturing functions. The reductions will now enter a consultation process, with the company stressing it will support affected employees throughout.

The announcement came as Bentley revealed a 42 per cent drop in operating profit to £187 million, down from £322 million the previous year and significantly below its £509 million peak in 2023. The downturn reflects a combination of softer global demand, rising cost pressures and geopolitical uncertainty, all of which are increasingly shaping the outlook for premium automotive brands.

Vehicle sales also slipped, with Bentley delivering 10,131 cars last year, a decline of nearly 5 per cent, driven largely by a contraction in key international markets, particularly China. The slowdown in Chinese demand has become a defining challenge for luxury manufacturers, many of whom have relied heavily on the region for growth over the past decade.

Chief executive Frank-Steffen Walliser acknowledged the scale of the challenge, saying the company was being forced to take “difficult decisions to ensure the long-term competitiveness of the business”. While he emphasised that the cuts were not “panic measures”, he conceded that the operating environment remains volatile, with the possibility of further adjustments if conditions deteriorate.

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Bentley sought to contextualise the profit decline, arguing that without external pressures, including increased costs linked to its parent company Volkswagen and the impact of US tariffs, financial performance would have been broadly in line with 2024. Nonetheless, the figures highlight how even high-margin luxury brands are not immune to wider economic headwinds.

The restructuring comes at a pivotal moment for the business as it transitions towards electrification. Bentley is nearing completion of a new assembly line at its Crewe headquarters, which will support production of its first fully electric vehicle, scheduled for launch in early 2027. The investment marks a critical step in its long-term strategy, although the pace and direction of that transition are evolving.

In a notable shift, the company has stepped back from its previous ambition to become an all-electric brand within this decade. Instead, it is pursuing a more “balanced portfolio”, extending the lifespan of internal combustion and hybrid models in response to renewed customer demand and a broader slowdown in the uptake of luxury electric vehicles.

This recalibration mirrors a wider trend across the premium automotive sector. Manufacturers including Lamborghini have also delayed or revised EV-only strategies, reflecting both consumer hesitancy and the practical challenges of delivering high-performance electric models at scale.

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Beyond product strategy, Bentley is also navigating an increasingly politicised environment around vehicle size and emissions. Walliser defended the company’s larger models, such as the Bentayga SUV, following criticism from London Mayor Sir Sadiq Khan, who has suggested imposing additional taxes on large vehicles, often labelled “Chelsea tractors”, due to perceived safety risks.

Rejecting those claims, Walliser described the debate as politically driven, arguing that all vehicles must meet strict regulatory standards for pedestrian and cyclist safety regardless of size.

Despite the current pressures, Bentley remains committed to its long-term transformation, positioning electrification, product innovation and operational efficiency as key pillars of its future strategy. However, the latest results and job cuts underscore a more immediate reality: even the most prestigious automotive brands are being forced to adapt quickly in an increasingly uncertain global market.


Jamie Young

Jamie Young

Jamie is Senior Reporter at Business Matters, bringing over a decade of experience in UK SME business reporting.
Jamie holds a degree in Business Administration and regularly participates in industry conferences and workshops.

When not reporting on the latest business developments, Jamie is passionate about mentoring up-and-coming journalists and entrepreneurs to inspire the next generation of business leaders.

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