BUSINESS

“The Super Mario Galaxy Movie” earned the biggest one-day haul for a movie this year so far on Friday.

Kwasi Kwarteng reflects on current UK market turmoil, fiscal “doom loop,” and his move into bitcoin with Stack BTC.

For treasuries to do so and stay competitive, Kiernan unpacks three broad strategies that are emerging.

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this dealYou don’t have to pay name-brand prices to get name-brand quality and style, and high-end watches can be a particularly pricey investment. Whether you’re collecting timepieces that complement your wardrobe or just want to see if a nice watch suits you, there are some great, budget-friendly options out there in a diverse range of styles at some of our go-to retailers. If you’re looking for a really classic look, Amazon has an amazing deal on the $495 Stührling Original Meridian GMT Diver Quartz Watch at the moment: it can be yours for just $110, but it’ll have you feeling like a million bucks.Stührling Original Meridian GMT Diver Quartz Watch, $110 (was $495) at Amazon

Courtesy of Amazon

Shop at AmazonDetails to knowColors: It available in three colors — silver, black, and rose gold.Movement type: It features a Swiss Quartz movement.Is it is water-resistant?: Yes. It’s water-resistant up to a depth of 330 feet.The stunning Meridian GMT Diver is part of Stührling’s Aquadiver collection, featuring a Swiss quartz movement and a screw-down crown. As implied by the name, it’s labeled with General Military Time markers, going from zero to 2,400 hours, which is either a fun, unique touch or purely practical, depending on who and where you are. It measures 30 millimeters across, features a push-button buckle-style clasp, and is water-resistant up to a depth of 100 meters, or 330 feet.Manufactured in Hong Kong, it runs on a single small lithium battery, which is included with the watch. The stainless-steel Meridian also comes with a lovely 42-millimeter case, so you can display it with pride alongside the rest of your collection.Related: Amazon is selling an elegant $350 Citizen Eco-Drive watch for $175 that’s the epitome of quiet luxuryWhy do shoppers love it?Shoppers appreciate its quality, design, and affordability. “An excellent watch. I bought three of these for my sons-in-law — they already own Rolex watches, and I can’t afford to buy those, so I came here to Stührling,” wrote a reviewer. “The box is nice, and the overall presentation looks very classy. It looks just like the Rolex GMT Pepsi, which can sell for easily over $10,000. The only difference I can see is the brand logo.”Another shopper said they were “really surprised by the quality of this watch,” noting that “the GMT hand lines up perfectly on the hour.”Shop more dealsCitizen Corso Eco-Drive Watch, $175 (was $350) at AmazonCitizen Eco-Drive Super Titanium Field Watch, $241 (was $450) at AmazonCitizen Tsuyosa Automatic Sport Luxury Watch, $261 (was $475) at AmazonIf you’re ready to add a Rolex-quality watch to your collection without paying Rolex prices, get 78% off the gorgeous Stührling Original Meridian at Amazon.

Gold just had its worst month in over a decade. Goldman Sachs is not budging.After gold fell more than 10% in March 2026, its biggest monthly decline since June 2013, Goldman Sachs reaffirmed its $5,400 per ounce year-end target. Spot gold is trading around $4,567 to $4,769 as of April 1, well below the all-time high of approximately $5,600 set in late January.The bank’s message is direct. The March sell-off does not change the structural case. The buyers who drove gold higher are still there, and Goldman does not expect them to leave.What Goldman actually said about goldGoldman analysts Daan Struyven and Lina Thomas raised the bank’s 2026 year-end gold target to $5,400 from $4,900 in a note dated Jan. 22. The bank has maintained that target through the March decline.The core argument is that private investors who bought gold as a hedge against long-term macro risks, including fiscal sustainability concerns and doubts about central bank independence, are not selling. These positions, Goldman says, are “stickier” than the event-driven bets that unwound after the 2024 U.S. election because the underlying concerns do not resolve on a known date.”Risks to the upgraded forecast are significantly skewed to the upside because private-sector investors may diversify further on lingering global policy uncertainty,” Struyven and Thomas wrote.Three drivers Goldman is watchingGoldman’s framework rests on three structural pillars.The first is central bank buying. Goldman forecasts that emerging-market central banks will purchase about 60 tonnes of gold per month in 2026, as countries diversify reserves away from the U.S. dollar. China’s central bank extended its gold purchases for 15 consecutive months through January 2026, Central Banking reported. The World Gold Council projects total EM central bank purchases will reach approximately 850 tonnes in 2026, per USAGOLD.More Gold:Gold just saw its biggest decline since 1983: what’s nextGold and silver bugs face grim reality checkGold’s price is falling fast: Here’s what comes nextThe second is ETF inflows. Western gold ETFs added roughly 500 tonnes since the start of 2025, running well ahead of what Federal Reserve rate cuts alone would explain. Goldman expects a further half-point of Fed easing in 2026, which it estimates adds roughly $120 per ounce to gold’s price support.The third is what Goldman calls the “debasement trade.” Concerns over long-term government debt levels and monetary policy credibility are driving physical bar purchases by high-net-worth individuals and call option buying by institutions. These positions are structural, not tactical, which is why Goldman does not expect them to unwind on any near-term catalyst.Key figures behind Goldman’s $5,400 call:Central bank purchases: Forecast at 60 tonnes per month in 2026Western ETF inflows: About 500 tonnes added since early 2025, above rate-cut expectationsChina gold reserves: 15 consecutive months of purchases through January 2026Expected Fed cuts: 0.5% in 2026, adding an estimated $120/oz. of price supportGold all-time high: Approximately $5,600 in late January 2026, per CBS News

Goldman Sachs analysts raised the bank’s 2026 year-end gold target to $5,400 from $4,900.Hochmuth/Getty Images

Why gold fell so hard in MarchThe March sell-off caught many investors off guard. The U.S.-Iran conflict, which began Feb. 28, sent oil prices surging and raised inflation expectations. That pushed Treasury yields higher and strengthened the dollar, both of which are headwinds for gold as a non-yielding asset, per CNBC.Gulf states liquidating gold reserves to cover revenue shortfalls added to selling pressure, CNBC reported. Speculative funds and retail investors who had built positions during 2025’s rally also unwound trades as volatility rose.Goldman acknowledged the near-term vulnerability directly. “Risks are skewed to the downside in the near term, as persistent disruption to the Strait of Hormuz keeps gold vulnerable to further liquidation,” the analysts wrote.Where Goldman stands relative to Wall StreetGoldman’s $5,400 target is actually the most conservative of the major bank forecasts. UBS raised its target to $6,200 for the first three quarters of 2026 with an upside scenario of $7,200. Deutsche Bank reiterated a $6,000 target. JPMorgan’s 2026 target sits at $6,300.The gap reflects different assumptions about how much further private investor demand can run. Goldman’s base case does not require a new wave of buyers. The more bullish forecasts assume continued rotation from bonds and equities into gold as households and institutions reassess long-term fiscal risk.Both camps agree on the structural foundation. They just disagree on how far it can carry prices by year-end.Related: Wells Fargo resets gold price target for the rest of 2026

As the Final Four of March Madness tips off, multiple athletes are now earning over $1 million from NIL deals

Invincible just went from its worst episode ever from one of its best, yet another bout with Conquest.

Another American restaurant chain has shuttered its final location, reinforcing the growing reality across the industry that even well-established brands with loyal followings are no longer enough to withstand sustained economic pressure.While the restaurant sector remains a major contributor to the U.S. economy, operators are navigating a far more complex environment shaped by rising costs, tight margins, and more cautious consumer spending.Eating and drinking establishments were projected to contribute $1.54 trillion to the U.S. economy in 2025, accounting for more than 5% of nominal GDP, according to the National Restaurant Association. Despite this scale, closures continue to accelerate across both independent restaurants and multi-unit chains.The Meatball Shop closes its final locationThe Meatball Shop has confirmed it has permanently closed its last remaining location at 798 9th Ave in New York City’s Hell’s Kitchen, marking the end of a 14-year run.”After many great years, The Meatball Shop has closed its doors,” said The Meatball Shop in the statement published on its official website. “We’re deeply grateful to our guests and team for the memories we shared.”Founded in 2010, the brand built a strong following with its customizable meatball bowls and cocktails. At its peak, it operated seven locations across Manhattan, Brooklyn, and Washington, D.C. However, like many urban restaurant groups, the company faced mounting challenges during and after the Covid pandemic. Lease pressures, rising labor costs, and shifting consumer traffic patterns led to a gradual reduction in locations, leaving only its Hell’s Kitchen restaurant by 2023.Its closure highlights the broader industry trend where concepts that expanded during lower-cost, high-demand periods are now being forced to adapt or exit entirely as fixed costs rise and margins tighten.Although its restaurants are now closed, The Meatball Shop continues to maintain a presence through its 2011 cookbook, which remains available at major grocery stores nationwide, including Whole Foods Markets.Notably, the founders hinted at a possible revival in late 2025, engaging followers on Instagram about a potential reboot of the concept.

The Meatball Shop closes its last remaining location.Shutterstock

A restaurant industry under pressureThe closures reflect deeper structural challenges affecting the U.S. restaurant industry, where long-term sustainability has become increasingly difficult to maintain.According to the U.S. Bureau of Labor Statistics, about 17% of new restaurants close within their first year. Long-term restaurants have an even higher chance of shutting down, with around half closing within five years and only 34.6% surviving beyond a decade, according to Oysterlink.Coverage on more recent restaurant closures:Fast-food burger pioneer chain closes its final location74-year-old BBQ chain closes key restaurantThese reality TV restaurants are suddenly up for sale after slump76-year-old restaurant chain closing another longtime locationIndustry experts point to shifting consumer behavior as a key factor. James O’Reilly, a food industry executive with more than 15 years of experience in restaurant marketing, notes that pricing tolerance has diminished significantly.”In strong economic environments, price increases have historically been tolerated by restaurant guests,” O’Reilly told FSR Magazine. “Over the past few years, that’s become far more difficult. While headline economic indicators have improved and financial markets have strengthened, many restaurant consumers, particularly in lower- and middle-income brackets, have not experienced the same relief.”Recent data shows that prices for food away from home increased nearly 4% in the 12 months ending February 2026, according to the U.S. Bureau of Labor Statistics.At the same time, restaurant operators have been dealing with significant increases in operating costs. The National Restaurant Association estimates that both food and labor costs have each climbed about 35% over the past five years.Consumer demand has also shown signs of softening. In a National Restaurant Association survey, 60% of restaurant operators reported lower customer traffic in December 2025, up from 51% in November, indicating a pullback in discretionary dining.The restaurant industry sees resilience amid strugglesDespite ongoing closures, industry experts emphasize that demand for dining experiences remains strong, but it is becoming more selective and value-driven.”A full restaurant may no longer be a guarantee of safety, but it is still a signal of something essential: we love restaurants,” said Lela London on Forbes. “And as long as that remains true, there is room not just for survival, but for a harder-won kind of industry revival.”The current environment suggests less of an industry collapse and more of a reset phase, in which only operators able to adapt to higher costs, evolving consumer expectations, and more disciplined expansion strategies are likely to sustain long-term growth.For brands like The Meatball Shop, the closure reflects more than the end of an era. It shows how rapidly the economics of the restaurant industry have shifted. Any potential return will likely require a fundamentally different operating model than the one that fueled its initial growth.Related: 50-year-old pizza chain closes all restaurants, files Chapter 7

The cloud-computing and database company began cutting jobs on Tuesday, with many workers being alerted over email.

To show how expensive and complicated it can be to watch all of an MLB team’s games, we looked at the Yankees, who will appear on 10 different networks or streaming platforms this season.