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Iran Strikes Tanker in Strait of Hormuz as Shipping Costs Hit $1M Per Day
Iran struck a Togo-flagged tanker in the Strait of Hormuz on September 18. Shipping costs have surged to $1.035 million per day, the first time exceeding seven figures, as geopolitical risk drives up insurance premiums and freight rates.
Warren Buffett Steps Down as Berkshire Chairman; Son Howard Takes Over
Warren Buffett steps down as Berkshire Hathaway chairman after 56 years. His son Howard takes over. Buffett, 96, cites age and CEO Greg Abel’s success.
Trump Bans CNN, MS NOW, Politico From White House on September 18
Trump bans CNN, MS NOW, and Politico from White House over coverage he calls fake news. Legal experts say the ban likely violates the First Amendment and will be challenged in court.
Amazon Prime Settlement Expands: Millions Now Eligible for Up to $200 Refunds
Amazon expands FTC Prime settlement refunds to millions more customers. Maximum payout rises to $200, with automatic payments starting October 1, 2026. No claims needed.
Senate Democrat Blocks Data Center Bill; Trump Pushes Thune for Floor Vote
Senate Democrat Martin Heinrich blocked the Ratepayer Protection Act on Thursday, saying the bill doesn’t go far enough to force data centers to pay for grid upgrades. Trump is now pushing Senate Majority Leader Thune to bring it to a floor vote.
Converse Apologizes for Ads Compared to KKK and Lynching Imagery
Converse apologized after ads featuring K-pop star Karina and a Palmes collaboration drew KKK and lynching comparisons online. The company removed the images and pledged to do better.
Billionaire Portelli Flees Australia for Dubai Over Tax Crackdown
Billionaire Adrian Portelli moves to Dubai, citing Australia’s harsh tax settings and regulatory burden. He warns the country is chasing away success and driving out entrepreneurs.
Trump Secures Greenland Security Deal With Denmark on September 19
Trump announces permanent U.S. control over Greenland’s security in deal with Denmark. Russia and China barred from bases. Agreement to be signed at UN General Assembly next week.
Singapore Airlines Wins World’s Best Airline Award for Sixth Time
Singapore Airlines named world’s best airline at 2026 Skytrax Awards, winning for the sixth time. SIA also won best economy class and best airline in Asia categories.