AP Business SummaryBrief at 2:00 a.m. EDT

AP Business SummaryBrief at 2:00 a.m. EDT

March 16, 2026Updated: March 16, 2026
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CEOs of top airlines demand Congress restore funding to Homeland Security and pay airport workers

NEW YORK (AP) — The CEOs of the nation’s top airline companies are imploring Congress to restore funding to the Department of Homeland Security and embrace a bipartisan solution to pay federal aviation workers, including airport security officers, during a partial government shutdown. In an open letter posted online Sunday and in The Washington Post, they noted that Congress should pass the Aviation Funding Solvency Act and the Aviation Funding Stability Act, which would guarantee air traffic controllers are paid regardless of the government’s funding status, as well as the Keep America Flying Act. That measure would offer the same protections to Transportation Security Administration officers tasked to provide security and protection for all travelers.

When gas prices go up, changing the way you drive can stretch your fuel just a bit farther

DETROIT (AP) — When gas prices go up, it adds to drivers' pain at the pump. But experts say consumers can do something to stretch their fuel just a little farther — change the way they drive. Their tips include driving slower or using cruise control. Limiting the time your car idles — and that includes not switching off your automatic start-stop ignition if you have it. You can improve efficiency by making sure you're not using roof racks or bike racks when you don't need them, and eliminating unnecessary weight you might be dragging around in your trunk or truck bed. And you can carpool with others, or be thoughtful about combining errands so you're not making unnecessary trips.

Brent crude trades near $105 as Iran attacks more Gulf targets, while shares are mixed

BANGKOK (AP) — Brent crude oil is trading near the $105 per barrel level as Gulf countries report more attacks by Iran with the war entering its third week. Share prices in Asia were mixed and U.S. futures advanced. On Friday, Wall Street’s losses deepened as the war pushed oil prices higher, piling inflationary pressures on the global economy. The S&P 500 fell 0.6% and the Dow Jones Industrial Average lost 0.3%. The Nasdaq composite dropped 0.9%. A measure of inflation closely monitored by the Federal Reserve moved higher in January, even before the war with Iran sent energy prices higher.

Trump suggests he may delay China trip as he pressures Beijing for help with Strait of Hormuz

WASHINGTON (AP) — President Donald Trump says he may delay his planned China visit as he pressures Beijing to help reopen the Strait of Hormuz and ease soaring oil prices. He told the Financial Times on Sunday that China benefits from the strait and should help keep it open. Iran has nearly shut the waterway during the war there, and Trump has urged other countries to send warships. The president said the U.S. has talked with about seven nations, but wouldn't name them. The new comments come as Treasury Secretary Scott Bessent meets China’s vice premier in Paris for trade talks tied to Trump's trip.

US-China trade talks open in Paris, paving the way for Trump-Xi summit

BEIJING (AP) — China's official news agency Xinhua reports that representatives from Beijing and Washington have begun their economic and trade talks in Paris. Sunday's meetings, led by U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, are expected to pave the way for U.S. President Donald Trump’s state visit to Beijing to meet Chinese leader Xi Jinping in about two weeks. The White House has said that Trump will travel to China from March 31 to April 2, though Beijing has not officially confirmed it. Last week, Chinese Foreign Minister Wang Yi said it would be a “big year” for China-U.S. relations.

Jet fuel prices are rising. That could make summer flights more expensive

Airline ticket prices are starting to climb as carriers respond to rising jet fuel costs tied to the war in Iran. Cathay Pacific, Air France-KLM and a handful of other carriers already have raised their fares or added fuel surcharges. United Airlines CEO Scott Kirby has warned that higher ticket prices will “probably start quickly.” Experts say it’s not a question of if airfares rise, but when and by how much — especially on long-haul international routes. The security director of a global risk management company advises travelers to book early, set fare alerts and use frequent flyer miles or credit card points instead of holding out for a perfect deal.

A media-rating company says a Trump agency is threatening its livelihood

A company that evaluates news outlets and websites to see which produce reliable journalism says it's under attack by the Trump administration. NewsGuard has sued the Federal Trade Commission over an agency investigation that the company says is threatening its livelihood. NewsGuard's ratings system is used to help advertisers and artificial intelligence companies decide which news sites they can trust with their business. Conservative groups and the television network Newsmax says the ratings system is trying to censor conservative thought. The FTC says its investigation of NewsGuard is part of a broader effort to see whether advertiser boycotts violate antitrust laws.

Iran hits Gulf neighbors and keeps stranglehold on oil shipping as concerns rise of energy crisis

BEIRUT, Lebanon (AP) — Israel has launched new attacks on Beirut and Tehran, while Dubai's airport suspended flights after an Iranian drone hit a nearby fuel tank and sparked a fire. Iran also launched missiles toward Israel on Monday, and Israeli officials reported damage in central areas. The fighting has been disrupting oil shipping through the Strait of Hormuz and pushing global energy prices higher, with Brent crude stubbornly over above $100 a barrel. Iran’s foreign minister has rejected any talk of negotiations. President Donald Trump says he's asked several countries to send warships to protect the strait, but none have committed so far.

‘Hoppers’ holds onto the No. 1 box office spot as 'Reminders of Him' overperforms

LOS ANGELES (AP) — Pixar’s “Hoppers” held onto its spot atop the box office, bringing in $28.5 million in its second weekend. That's according to studio estimates released Sunday. After its $45.3 million debut, The Walt Disney Co.’s “Hoppers” dipped a modest 37% in its second weekend, a promising sign for an animated movie. The weekend results also show Colleen Hoover’s “Reminders of Him” added to the author’s box-office streak. The Universal film debuted in second place with a better-than-expected $18.3 million. The film is the first from a screenplay that Hoover co-wrote, but not the first of her novels to successfully translate to the big screen. “Undertone,” a micro-budget horror movie from A24, opened with $9.3 million.

Trump seeks to close $1.6 trillion revenue gap with raft of new tariffs

WASHINGTON (AP) — The Trump administration this week stepped up its ambitious effort to replace about $1.6 trillion in lost tariff revenue that was eliminated by the Supreme Court’s decision to strike down a range of the president’s import taxes. Recovering that lost revenue, which the White House was counting on to help offset the steep, multi-trillion dollar cost of its tax cuts, is possible but will be challenging, experts say. The administration has to use different legal provisions to impose new duties, and those provisions require longer, complex processes that U.S. companies can use to seek exemptions. It could be months or more before it is clear how much revenue the replacement tariffs will yield.