News

Warren Buffett has made his annual March Madness bracket challenge for Berkshire Hathaway employees easier to win this year, offering a $1 million grand prize for accurately predicting the winners of 30 out of the 32 first-round games. Despite the eased conditions, winning the challenge remains a daunting task with estimated odds of 1 in 9.2 quintillion.

Wall Street is increasingly concerned about a potential recession, with indicators such as rising recession expectations, struggling households, and declining corporate outlooks pointing towards an impending economic downturn. The growing chorus of warnings suggests that a recession may be closer than many anticipate.

A power outage at London's Heathrow Airport caused widespread flight disruptions, potentially costing airlines millions of dollars and leaving thousands of passengers stranded. The incident underscores the vulnerability of global airline networks to unexpected disruptions and the need for robust contingency plans.

President Trump has reversed a key wage rule affecting federal contractors, canceling an executive order from then-President Biden that required contractors to pay their workers at least $17.75 per hour. This move has sparked debate over the necessity of a federal minimum wage, with critics arguing it hurts small businesses and advocates warning it could harm low-wage workers.

Meta CEO Mark Zuckerberg employs a unique "pressure test" approach to feedback, initially disagreeing with suggestions before gathering diverse perspectives and implementing changes based on the initial feedback. This method, while unconventional, has proven effective in fostering informed decision-making.