The surging inflation making its way through the economy may not always be obvious.

Businesses like restaurants, hotels and airlines are passing along higher prices as separate line items. Common examples include credit card surcharges and service fees at restaurants, or increased baggage fees, which multiple airlines have enacted this month to offset rising jet fuel prices.

But don’t expect costs to come down again even if the temporary justification is resolved. Lower fuel costs would “certainly help us boost our margins this year and clearly into next year as well,” Delta Air Lines CEO Ed Bastian said recently.

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China on Tuesday criticized the U.S. blockade of Iranian ports along the Strait of Hormuz as a “dangerous and irresponsible act,” while President Xi Jinping warned that the “international order is crumbling into disarray.”

The International Energy Agency projected that global oil demand will see its sharpest decline since the Covid-19 pandemic, reiterating that the ongoing oil supply disruption is the “largest disruption in history.”

The 20-year-old suspect accused of throwing a Molotov cocktail at OpenAI CEO Sam Altman’s home has been charged with two counts of attempted murder and attempted arson.

WEALTH + ENTREPRENEURSHIP

For years, European startups routinely fled to Silicon Valley, but that narrative is changing, and the shift is reflected in Forbes’ Under 30 Europe Class of 2026. The majority are growing and building at home, with this year’s class cumulatively raising more than $900 million and building startups that do everything from create cheaper semiconductor chips to change the way people get hired in the age of AI.

To mark the nation’s founding 250 years ago, Forbes identified the 10 most successful people who rose from next-to-nothing to reach the height of the American Dream. Topping the list is Oprah Winfrey, born in the final years of segregation and surviving poverty, rape and the loss of a baby at age 14 to not only become a billionaire, but one of the nation’s most influential voices.

A judge dismissed President Donald Trump’s defamation lawsuit against The Wall Street Journal and Rupert Murdoch over its publication of details of his alleged birthday letter to Jeffrey Epstein, which Trump has denied the authenticity of. But the judge threw out the case because there’s no indication the Journal acted with “actual malice” by knowingly publishing false claims, noting the publication “attempted to investigate” whether the claims were true.

Former Secretary of State Hillary Clinton and Sheryl Sandberg, founder of Lean In and former Meta COO, are teaming up in an effort to end child marriage. New analysis by the Center for Global Development finds that the global cost of child marriage is estimated at $175 billion a year, as it impacts women’s education and economic participation. “I believe it’s a human rights issue—I’ve always believed that—but I want to add the dimension that it is also an economic issue,” Clinton says.

To celebrate Tax Day, a slew of brands are offering deals—from discounted meals to giveaways. Quirkier promos include Blue Buffalo’s offer for customers to “claim” their pup as a “dog-pendent” and a chance for parents to “file” a Goldfish return for a chance to receive a refund of two bags of the crackers.

How A Credit Card Fintech Resurrected Itself By Targeting The Superrich

In April 2022, Patrick Mrozowski’s San Francisco debit-card startup Point seemed destined for failure.

The three-year-old fintech, which offered cash-back rewards on everyday purchases, had a small, shrinking user base and was preparing to overhaul its product. It faced a ballooning set of competitors bolstered by the 2021 fintech funding frenzy. And its business partner Column, which provided the infrastructure to allow Point to issue debit cards, pulled the plug on their agreement amid rising regulatory scrutiny of bank-fintech partnerships.

But Mrozowski wasn’t ready to throw in the towel. He realized few startups were focusing on the uppermost echelon of the consumer finance market, and he knew he needed a different hook. These customers didn’t care about cash back or points. “What they care about is access to the best restaurants. They care about service. They just care about things being frictionless and seamless,” Mrozowski says.

Mrozowski decided a restructuring and rebranding was in order. He renamed the company Atlas and created a text-message-based concierge for people to book travel plans and restaurant reservations. In August 2023, Mrozowski fully relaunched Atlas as a high-end charge card costing $999 a year, offered by “invitation-only” and advertising it as “Your key to the world.”

Though Atlas has entered a fiercely competitive segment of the market long dominated by American Express and other giants like JPMorgan Chase, the startup is growing rapidly. Mrozowski says its gross revenue run rate is now more than $20 million, and it just closed a new $40 million Series C fundraise at a $420 million valuation.

WHY IT MATTERS “[Mrozowski] beat his head against the wall at Point for five years,” says Marathon’s Michael Gilroy. Gilroy was surprised that Mrozowski “still had all this energy bottled up” when they started investment conversations in 2024. Mrozowski says today, “They don’t tell you how long it takes for the company to actually start working when you start. It’s always a lot longer than you expect.”

MORE Why An Unsustainable Bubble Is Growing Inside Fintech

The Canadian travel boycott of the U.S. shows no signs of letting up, with visitation from the country down 35% since President Donald Trump returned to office, data released Monday from Statistics Canada show. The boycott has dealt a massive blow to the U.S. economy:

35%: The decline in Canadians taking road trips into the U.S. compared to March 2024

5%: The increase in Canadian visitation overseas year-over-year, a sign Canadians are swapping the U.S. for other international destinations

Three: The number of consecutive months that more Canadians flew to overseas destinations than drove to the U.S.

Though team members are often encouraged to share details about their life outside of work, oversharing can sometimes create reputational risk. Research shows that while senior leaders are perceived as relatable when they share a personal win, lower-level employees who do the same can be perceived as less committed to their roles, especially in high-pressure industries. It’s important for organizations to equally validate the personal lives of employees at all levels.

As Americans increasingly search for second passports, one country’s golden visa program has seen a surge in applications since relaunching. Which country is it?

Thanks for reading! This edition of Forbes Daily was edited by Sarah Whitmire and Chris Dobstaff.

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