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It was supposed to be another boom year for the economy. March changed everything.

Mickey Lyons is holding off on booking her next vacation — at least until prices drop.

“I can’t believe I’m saying this,” the 53-year-old Detroit resident said. “But I’m considering driving across the border to Windsor, Ontario, and taking a 12-hour train ride to Montreal rather than deal with airport hassles.”

While Lyons is a case study for the burgeoning vacation debate of 2026 — Are you better off flying, driving, or staying put? — long security lines aren’t the only thing plaguing Americans. The sudden onset of the Iran war has scrambled prices, mortgage rates, and the overall economic outlook in what was supposed to be another boom year for the US economy.

In March, Business Insider heard from dozens of frustrated travelers, exhausted airport staff, concerned economists, and cautious investors dealing with the ongoing consequences of another war in the Middle East and a partial government shutdown. After a period of optimism about a stabilizing economy, one month threw the outlook for the rest of the year into turmoil. For those planning travel, looking to switch jobs, or buy a home, 2026 just took an unwelcome detour.

The economy’s March madness

Jobs, mortgage rates, and prices disrupted

Despite DHS saying it will resume paying TSA agents, it’ll take months to get back on track. Plus, spiking oil prices due to the Iran war are just the beginning of the ripple effects on inflation, as higher fuel costs raise prices for everything from flights and shipping to groceries.

Americans may have no choice but to tighten their belts. Costs could climb for food, electricity, and other goods if the war continues: The Organization for Economic Cooperation and Development said it expects US inflation to average 4.2% this year, nearly double the 2.4% annualized price growth recorded in February.

It’s part of why the Federal Reserve backpedaled on its recent economic optimism, and is likely to hold rates steady again in April to curb inflation.

In anticipation of hotter price growth, mortgage rates are climbing again after a steady decline in the 30-year fixed rate. Job seekers stuck in the low-hire “Great Freeze” market likely won’t feel relief anytime soon either. The latest jobs report showed shocking losses across a variety of white- and blue-collar sectors following months of growth.

On Wall Street, March has spurred whispers of a recession, especially if the Iran war and federal funding gaps continue. Household wealth is also set to dip as much as $1.5 trillion this quarter, one Pantheon Macroeconomics estimate said, as market swings take a hit to Americans’ portfolios and prompt decreased spending. A major consumer confidence indicator fell to its lowest level since December.

Each data point is a bellwether for America’s broader economic health, and all signs are pointing toward a rocky spring and summer. The DHS’s plan to pay TSA will slowly shorten security lines, but cost hikes will likely stick around for much longer.

For many travelers, the hardest part is the uncertainty of when it will all end. Bazela Malik, an accountant based in Florida, said her journey from LaGuardia to Fort Lauderdale turned into an over-24-hour nightmare involving two missed flights and several expensive Ubers. Megan Walsh, a copywriter from New York City, said she waited in a four-hour airport line while traveling back from New Orleans after her sister’s bachelorette vacation.

“You know the game, ‘Snake?’ It was like that — the line was eating itself,” Walsh said. “We couldn’t figure out where the end of the line was; there were loops and loops of people.”

Alexandra Karplus contributed reporting.




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Chong Ming Lee, Junior News Reporter at Business Insider's Singapore bureau.

A Japanese toilet maker and seasoning giant are unlikely winners of the AI boom

The AI boom isn’t just lifting chipmakers and Big Tech. In Japan, it’s flushing gains into a toilet manufacturer and a seasoning giant.

As demand for AI chips surges, investors are piling into companies that sit inside the semiconductor supply chain — even if they’re better known for bathrooms and soup stock.

Toilet maker Toto, famous for its high-tech bidets and heated seats, has drawn investor attention. The company makes electrostatic chucks, which are critical components used in the production of NAND memory chips.

Memory prices have climbed sharply in recent months, driven by AI-related demand.

Last week, UK-based activist fund Palliser Capital called Toto “the most undervalued and overlooked AI memory beneficiary,” according to reports by Bloomberg and the Financial Times.

After news broke on Tuesday that Palliser Capital had taken a stake and was pushing Toto to promote its chip-parts business, the toilet maker’s stock jumped more than 5%. Its shares are up more than 54% over the past year.

It’s not just Toto. Japanese food giant Ajinomoto, better known for its umami seasonings and soup bases, has become an unlikely AI infrastructure play. The company produces an insulating material used in advanced semiconductor packaging.

Ajinomoto’s latest financials point to strength beyond its core food business. For the nine months ended December, the company reported an 8.9% rise in net profit, while operating profit increased 5.6% year-on-year. The gains were partly driven by its “Healthcare and Others” segment which includes electronic materials used in semiconductors, the company said in a February earnings statement.

After Ajinomoto posted its earnings on February 5, the company’s stock rose 13%. Its shares are up more than 56% over the past year.

Not all non-tech companies are benefiting equally from the AI boom. Daikin, best known globally for its air conditioners, supplies high-purity chemical materials used in semiconductor manufacturing. It recently trimmed its outlook, citing uncertainty over US tariffs as a drag on demand.

The Japanese air conditioning maker reduced its operating profit forecast by about 5% to 413 billion Japanese yen, or $2.6 billion, for the fiscal year ending in March.

“Operating profit was significantly affected by the decline in semiconductor demand, decreasing by 44.6% year over year to ¥18,102 million,” the company said in its financial report in February.

“Net sales of fluoropolymers fell year over year, despite focused Group efforts to capture strong new demand in the data center field, and was due to the stagnation in the construction markets of the United States and China and the significant overall impact of delays in the recovery of semiconductor demand,” it added.

The company said it plans to cushion the blow through price increases and cost reductions.

Daikin’s stock dropped as much as 8.4% in Tokyo following its financial results.




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The unexpected winners of the AI slop boom: Word nerds

In the generative AI boom, vibe coding and AI expertise have become in-demand résumé skills. But tech companies are also looking to pay a premium for expertise in people who have a skill that predates AI: the art of communication.

Andreessen Horowitz launched its New Media team last year to help founders learn what they “need to win the narrative battle online.” Adobe is looking for an “AI evangelist” to lead the company’s “artificial intelligence storytelling.” Netflix, a company that sells stories to your living room, recently posted a director of product and technology communications role with a salary range of up to $775,000. Microsoft began publishing a print magazine, Signal, last year, calling it an “antidote to the ephemeral nature of digital.” Anthropic tripled the size of its communications team last year, growing to about 80 people and is still hiring five more, each offering salaries of around $200,000 or higher. OpenAI has several open communications jobs boasting salary listings of more than $400,000. The average director of communications in the US makes $106,000, according to Indeed.

Three years after the mainstream adoption of ChatGPT, results have been mixed: Within tech firms, vibe coding is nixing the need for entry-level software developers, while some workers across industries are foisting rapidly generated, verbose, and sloppy AI nonsense onto their colleagues, leading to wasted time and a breakdown of trust. Even Sam Altman said last year that people have started to affect a sort of AI accent when speaking, and now some social platform discourse “feels very fake.”

Amid all chatter about gen AI taking jobs, the ease with which gen AI spits out content has ironically revved the demand for human communicators.

Because AI generates so much content, “you would think that actually the job of the comms person or the storyteller would be fewer and farther between,” says Gab Ferree, founder of Off the Record, a community for communications professionals, and former vice president of global communications at Bumble. But that’s not what’s happening. Tech companies are hiring writers, editors, chief communications officers who work closely with CEOs, and so-called “storytellers.” The Wall Street Journal recently reported that the percentage of job postings on LinkedIn mentioning “storyteller” doubled between 2024 to 2025.

In a competitive industry where startups fight to survive and Big Tech rivals campaign for market dominance, a good story is a selling point. One theory behind the push, Ferree says, is “there’s just so much garbage out there that people want to pay a premium for someone who can claim that they can cut through the noise.”


The trend of storytelling and lucrative comms jobs has been “percolating for a while,” says Jenna Birch, founder of SISU, a communications consultancy for startups and VCs. As Silicon Valley’s influence ballooned over the past two decades, tech companies could offer staggering salaries just as more newspapers were bleeding more and more writers. Content marketing became popular, and building a company’s brand on social media and surfacing blog posts in Google search results became essential.

More recently, the role of the comms pro has continued to expand, as they have to understand large language models, company blogs, how to craft a larger narrative to set a company apart from competitors, and how to write in a CEO’s voice on LinkedIn and Substack. The number of chief communication officer roles that encompass not just traditional comms duties but also take on another responsibility, like marketing or or human resources, at Fortune 1000 companies grew from 90 in 2019 to 169 in 2024, according to a report from the Observatory on Corporate Reputation. The median pay for a CCO at a Fortune 500 company is now between $400,000 and $450,000, a $50,000 jump from 2023, according to a survey from consultant firm Korn Ferry.

If everyone’s a writer, then nobody’s a writer, and I think it’s very evident right now.Cristin Culver, founder of Common Thread Communications

As the job changes and demand for narrative communications and storytellers rises, the number of communications experts able to work under rapidly evolving conditions and with a wide remit may be small, comms experts tell me, leading companies to offer hefty compensation packages in war for the best talent. A similar trend is unfolding among the few people who are AI experts, driving tech companies to offer astounding salaries to poach top talent from rival firms. While not of the same nine-figure caliber, in their own right, creatives are becoming “the high value person in tech now,” Birch says.

For much of the tech boom, that high-value person was a software developer. Universities and coding bootcamps rushed to fill employment gaps and train up the next generation of tech workers. Young people were told coding would be a path to a lucrative, stable career. As of 2023, the most recent year the Federal Reserve Bank of New York released data for, computer science recent graduates faced an unemployment rate of 6.1%, while communications majors’ unemployment rate sat at 4.5%. The number of open job posts for software engineers dropped by more than 60,000 between 2023 and late 2025, according to data from CompTIA, a nonprofit trade association for the US IT industry. The best defense against automation, some argue, will be a liberal arts degree.

Words might be easy to generate with AI, but good writing isn’t ready for automation.

“If everyone’s a writer, then nobody’s a writer, and I think it’s very evident right now,” says Cristin Culver, founder of communications firm Common Thread Communications. LinkedIn is full of posts written by AI in a similar style that makes eyes glaze over as they scroll. “I think AI is both aiding and making storytelling much harder,” Culver says. “Ironically in this era of AI, some of the most poignant storytelling belongs to the people who’ve realized that everything is sloppified and they’ve pivoted to very tactical storytelling.”

Anthropic has been leaning heavily into that tactical, and tactile, storytelling. In the fall, the company created a pop-up Claude Cafe in New York to position the chatbot as a thinking and problem solving partner, marketing the space as one for showing up in person, connecting, and being surrounded by books and magazines over screens (although the company has also destroyed and scanned millions of books to train Claude, which a judge ruled last year was not a copyright violation).

“Claude is definitely a prominent team member for everyone, but comms people are sort of like BS detectors,” Sasha de Marigny previously told Axios last May, months before she was promoted from head of communications to become the company’s first CCO. “Critical thinking is still a huge comparative advantage for humans. I’m looking for excellent strategists — people who understand the new world order and know how to develop holistic plans to cut through to the audiences we care about.” Anthropic declined to speak more about its comms strategy for this story.

“It’s a golden age for people who really enjoy the craft of communications,” says Steve Clayton, CCO of Cisco, who formerly worked at Microsoft and launched the company’s print publication. When he first tried ChatGPT, Clayton says he worried his career was done. He’s since become an AI optimist, seeing gen AI as a tool and opportunity for communicators and so-called storytellers to stand out with content that feels authentic content projects that strike people. “In an environment where nobody’s sat at their desk today saying: God, I wish I had more email, or I wish I had more websites I could visit, or I wish I had more podcasts — the challenge is, how do you create something that is worthy of people’s time and worthy of their attention?”

Jobs where brands build out their own newsrooms are “going to be one of the last places where AI is replacing writers,” says Noah Greenberg, CEO of Stacker, a content distribution company. Unlike traditional media, which relies on clicks, advertising, and subscription to make money off a constant stream of content, “when brands are investing in the strategy, they’re not thinking about: ‘Do I break even on an individual piece of content?’ They’re thinking about: ‘How do I create five or 10 really incredible stories every month that get our story out there, that prove and turn us into the authority as a respected party in this space?””

As with coding and image generation, LLMs are likely to keep getting better. LLMs may write with more voice or sound more human eventually. But the chatbots and agents don’t think. They generate creative content without cycling through a creative process. A 2025 Columbia Business School study found LLMs have a bias for “Option A,” preferring the first choice when given a list and asked to pick. For people working in comms, AI might be more friend than initially imagined foe — at least because it makes their work stand out.


Amanda Hoover is a senior correspondent at Business Insider covering the tech industry. She writes about the biggest tech companies and trends.

Business Insider’s Discourse stories provide perspectives on the day’s most pressing issues, informed by analysis, reporting, and expertise.




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Warren Buffett’s Chevron bet stands to gain if the US delivers a Venezuelan oil boom

Investors are scrambling to identify potential winners from the US capture of Venezuelan leader Nicolás Maduro and President Donald Trump’s plan to “run” the nation and deliver an oil boom. Berkshire Hathaway is one contender thanks to its large bet on Chevron, the only US oil major still operating in Venezuela.

Berkshire — now led by Greg Abel following Warren Buffett’s recent retirement as CEO — is Chevron’s largest corporate shareholder with a 6% stake worth about $19 billion, assuming Berkshire hasn’t altered the wager since its latest portfolio update.

The conglomerate counted the oil major as its fifth-largest stock position at the end of September 2025, representing about 7% of the total $267 billion value of its US stock portfolio.

Berkshire poised to profit


Greg Abel

Greg Abel took over as Berkshire Hathaway CEO at the start of 2026.

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Venezuela has the world’s largest proven crude oil reserves, but decades of underinvestment in its oil infrastructure mean it only produces about 1% of global oil output.

Chevron has secured short-term exemptions to US sanctions on Venezuela, allowing it to produce and export limited amounts of the country’s oil.

Rivals, including Exxon Mobil and ConocoPhillips, left Venezuela years ago following the nationalization of the country’s oil industry and government seizures of foreign-owned assets.

Trump said over the weekend that he envisions large US oil companies coming to Venezuela, fixing and modernizing its pipelines and refineries, and supercharging the country’s oil production.

Excited investors piled into oil stocks on Monday. Chevron shares surged as much as 6.3% on the day to a nine-month high of about $166, briefly valuing Berkshire’s stake at over $20 billion. They retreated on Tuesday but are still up nearly 3% so far in 2026.

Chevron already has stakes in five production projects in Venezuela, thanks to partnerships with affiliates of the country’s state oil company.

On an earnings call in August, CEO Mike Wirth highlighted Chevron’s deep foothold in the country. He said it has been operating in Venezuela for more than a century, and has “played an important role in regional energy security, as well as maintaining American economic interests.”

Chevron’s presence in Venezuela means it “stands to benefit from any reopening,” Maurizio Carulli, a global energy analyst at Quilter Cheviot, said in a Tuesday note.

The oil major has the personnel, licenses, and oil fields “ready to ramp up immediately,” Charles-Henry Monchau, CIO of Syz Group, also said in a note on Tuesday.

Not an overnight winner

Industry analysts have warned it will take years and huge sums to revitalize Venezuela’s oil sector, and US companies won’t want to invest heavily until they’re confident they won’t have assets seized or contracts changed down the line.

That suggests Venezuela won’t be an overnight game changer for Chevron or Berkshire.

Berkshire has further exposure to the oil industry via Occidental Petroleum, its next-largest stock holding after Chevron. It owns more than a quarter of the energy explorer and producer — a stake worth $11 billion today.

A Chevron spokesperson told Business Insider in a statement: “Chevron remains focused on the safety and wellbeing of our employees, as well as the integrity of our assets. We continue to operate in full compliance with all relevant laws and regulations.”




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China’s economic slump isn’t stopping a billionaire boom in AI chips

China’s deepening property crisis has crushed household wealth and dented the fortunes of some of its biggest tycoons — but a new class of AI-era billionaires is rising fast.

This year, the standout winners are coming from China’s red-hot AI chip sector.

On Wednesday, shares of MetaX Integrated Circuits Shanghai — a GPU startup founded by former AMD executives — skyrocketed as much as 755% on their first day of trading on the Shanghai Stock Exchange’s tech-focused STAR Market, before closing up about 700%.

The surge catapulted its chairman and cofounder, Chen Weiliang, into one of China’s fastest-rising tech moguls. Chen’s stake in MetaX is worth about $6.5 billion, according to the Bloomberg Billionaires Index.

Other early insiders also saw eye-popping paper gains.

MetaX’s other two cofounders and co-chief technology officers, Peng Li and Yang Jian, hold stakes worth hundreds of millions of dollars after the blockbuster debut, according to Bloomberg’s calculations.

China’s AI rush

Chen’s rise follows that of another GPU entrepreneur, Zhang Jianzhong, the founder and CEO of Moore Threads Technology.

Earlier this month, Zhang’s net worth jumped to $4.3 billion after his company’s successful IPO, continuing a wave of investor enthusiasm for homegrown semiconductor players.

The richest figure in China’s AI chip scene is Chen Tianshi, a cofounder and CEO of Cambricon Technologies — a company retail traders have dubbed “China’s Nvidia.”

Cambricon’s Chen is now worth $22.5 billion, making him the country’s 16th-richest individual on Bloomberg’s list. He is the 115th richest person in the world.

These new fortunes reflect a sharp shift in investor sentiment.

Chinese AI and semiconductor stocks have been on a tear since the breakout of the China-made DeepSeek-R1 AI model released in January. The model helped spark a rally in local tech names and pushed the Hang Seng Tech Index up more than 20% so far this year.

Washington’s tightening export controls on advanced Nvidia chips also contributed to the boom.

Such restrictions on high-end AI processors have choked China’s access to cutting-edge US hardware and pushed Beijing to lean harder on domestic suppliers.

Still, China’s new AI billionaires remain far from the top of the country’s wealth rankings. The upper tier is still dominated by long-established tycoons.

In the top spot is Zhong Shanshan, the low-key bottled-water magnate behind Nongfu Spring, with a fortune of $68.1 billion, per Bloomberg.

Pony Ma, a cofounder and CEO of Tencent, ranks second with $66.5 billion — a fortune up 38% this year, on the heels of Tencent’s AI-induced rally — while ByteDance cofounder Zhang Yiming comes in third with $65.2 billion.




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The trading-card boom is back, and Gen Z is buying like crazy on eBay

Gen Z is embracing one decades-old phenomenon: Trading card games like Pokémon.

Collectible card games were the most-purchased secondhand product category for Gen Z in the US on eBay so far this year, according to data from the e-commerce platform.

The trend was especially clear among Gen Z men, who collectively shifted spending from electronics to trading cards and other collectibles, according to eBay. Trading cards were also the top secondhand sales category among Gen Z women on the platform, followed by books and cameras.

While trading cards for franchises such as Pokémon and Yu-Gi-Oh! initially became popular with kids and teens in the US in the late 1990s and early 2000s, the data shows that the cards remain popular, even among those who were born as they were taking off.

Part of the enduring popularity is because those people who grew up with trading cards are now passing the interest on to their own kids, Aaron Ottensmann, a 29-year-old who runs card sales business SassyTCG, told Business Insider.

“You’re starting to see people like me having kids, and they’re picking up starter decks and playing with their kids,” Ottensmann said.


Aaron Ottensmann faces the camera wearing a pair of eyeglasses and a dark grey t-shirt

Aaron Ottensmann sells collectible trading cards through eBay.

Aaron Ottensmann



While Ottensmann said he sources cards from distributors, the business has become competitive enough that some newer sellers buy cards at retailers like Walmart and Costco, then resell them.

Other customers are after high-dollar cards, with some turning to trading cards as an alternative to investing in the stock market.

In early December on Ottensmann’s eBay shop, shoppers could find about two dozen cards or packs of cards priced over $1,000. His most expensive sale over the past year, a set of 127 early Yu-Gi-Oh! cards, sold for about $75,000 through eBay.

Trading cards are one part of the broader secondhand sales market, which eBay said is expanding in a report released last month.

About 82% of survey respondents said they planned to spend more on secondhand items this holiday season than they did in 2024, according to the company’s Recommerce Report.

Shopping secondhand has gained popularity this year, especially as President Donald Trump’s tariffs have raised the price of some goods and added costs to items ordered from outside the US.

Do you have a story idea? Reach out to this reporter at abitter@businessinsider.com.




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AI boom has 4 bubble signs and could burst in 2026, economist says

The AI frenzy that’s driving markets and corporate spending may be heading for a hard landing in 2026.

In an interview with Norges Bank Investment Management CEO Nicolai Tangen, renowned economist Ruchir Sharma said that the AI surge now checks every box on his four-part bubble checklist. And a single trigger could bring it all crashing down in 2026 — higher interest rates.

Higher rates reduce the availability of cheap capital that’s been fueling AI investment and put downward pressure on growth-stock valuations.

Sharma’s ‘four O’s’ playbook

To diagnose bubbles, Sharma uses what he calls the four O’s. He said the AI boom is flashing red on all four: overinvestment, overvaluation, over-ownership, and over-leverage.

Sharma said that AI and tech spending in the US has surged at a rate that is comparable to past bubbles, such as the dot-com era. Valuations of major AI players are also approaching bubble territory when judged by long-term earnings and free cash flow.

At the same time, Americans are holding a record share of their wealth in equities, and most of those trades are AI-related, he said.

And after years of running cash-rich balance sheets, Big Tech is now issuing massive amounts of debt to fund the AI arms race.

Over the last few months, Meta, Amazon, and Microsoft have become “the biggest issuers of debt,” Sharma said — a classic late-cycle bubble sign.

Sharma estimated that roughly 60% of US economic growth this year has been driven by AI, both through companies pouring money into new infrastructure and through the stock-market wealth effect lifting spending among high-income consumers.

But the underlying economy looks much weaker without it, he said — and that’s exactly why Sharma thinks the AI trade has become so dangerously crowded.

“Outside of AI, there’s a lot of weakness in the US economy,” he said.

“This big bet on AI better work out for America — because if it doesn’t work out, then I think there’s a lot of trouble for this country ahead,” he added.

Why 2026 could be the breaking point

Sharma doesn’t pretend he can call the exact top. But he said one thing bursts every bubble, and that is interest rates going up.

He identified three conditions that are already building. First, inflation remains “sticky,” and far from the Fed’s 2% target, he said. Second, the Fed has missed its target for five consecutive years and may soon face pressure to halt its interest rate cuts. Thirdly, AI-driven investment has sustained strong growth, which could push inflation higher again.

“At the slightest sign that interest rates are going to go up, I think that’s your sign that, ‘Okay — this is done now,'” Sharma said.

That’s because higher rates make borrowing costlier and slash the valuations of high-growth companies — the exact conditions that tend to burst bubbles.

He said he expects that moment to likely arrive in 2026 — a view shared by other veteran investors, but on different timelines.

Greg Jensen, co-chief investment officer at Bridgewater Associates, said on Tangen’s podcast last week that “the bubble is ahead of us” without giving a timeline, while Mel Williams, cofounder and partner at TrueBridge Capital Partners, warned of “a lot of carnage” over the next 10 years.

A ‘good bubble’ — but still a bubble

Sharma said the AI boom could be a “good bubble” that could ultimately boost productivity — like past tech manias that overshot but left valuable infrastructure in their wake. But that doesn’t mean investors won’t get hurt.

Still, one area he thinks could shine after the correction is quality stocks — companies with high returns on equity, strong balance sheets, and consistent earnings.

That category has badly underperformed the market during the AI frenzy, creating what he called “the single best investment idea” heading into 2026.




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