At 18 years old, actress Jennie Garth had no idea how influential the acting gig she just booked would be: Beverly Hills 90210. Considered the TV show that defined the teen drama genre, it set the pace for series like Dawson’s Creek, One Tree Hill, The OC, Gossip Girl, and Riverdale, and achieved immortality through widespread syndication.But unlike her 90210 character, Kelly Taylor, life for Garth proved more complicated than a 30-minute episodic arc. Shooting to fame as a teenager, Garth had to deal with navigating her extreme celebrity and the pressures to look perfect; later, she faced a tumultuous divorce, depression, and mental health struggles that led to a stint in rehab.Yet Kelly Taylor’s idealism would serve as Garth’s own “North Star” in life. Referencing the time her character faced a love triangle with Dylan McKay (played by Luke Perry) and Brandon Walsh (Jason Priestley), Taylor famously decided “I choose myself,” and left both behind.The line became the name of Garth’s iHeart podcast and the title of her new memoir, I Choose Me, released April 14, 2026. So, what’s her net worth now? @bvh9ll 1×01 Class of Beverly Hills Part 1 #beverlyhills90210edit #kellytayloredit #bh90210 #bh90210edit #fyp ♬ original sound – ⋆˙⟡ ྀི.࿔ Jennie Garth’s net worth in 2026According to Celebrity Net Worth, the online authority for celebrity wealth, Jennie Garth has an estimated net worth of $8 million in 2026.There’s a reason that number seems so low.Like many TV stars of yesteryear, the original cast of 90210 did not secure royalty fees or a percentage of merchandising deals, which would prove priceless to later stars like Hilary Duff and Jessica Simpson.Related: Hilary Duff’s net worth: The actor’s wealth as “luck… or something” dropsSo, although 90210 has been streaming in perpetuity on Paramount Plus and available for purchase on Amazon Prime Video and Netflix, Garth and her co-stars don’t make a nickel from reruns of their time as the most famous teens on Earth.In fact, on an episode of Dax Shepard’s “Armchair Expert” podcast, Garth admitted that she had a “serious adjustment” to make to her finances when 90210 ended in 2000 after its 10-year run, because the show had provided her with financial security.It was the height of the housing boom, and her business manager told her to sell her house and the ranch she had just built for her three daughters. She took his advice, although she regretted both of those decisions, saying, “The minute you start worrying and holding on and attaching to the outcome of the money coming and going, that for me is when it stopped coming.”2000 was the same year the Friends cast negotiated their salaries for syndication royalties, which minted each cast member roughly $20 million per year in residuals.One can only imagine how much wealthier Garth would be today if such a deal had been made for 90210’s stars.How much money did Jennie Garth make from Beverly Hills 90210?Details on how much each cast member earned on the original Beverly Hills 90210 series are not publicly available, but Reddit threads estimate their paychecks at $5,000 to $10,000 per episode.Considering that Garth appeared in every one of the show’s 292 episodes (and directed 2 of them), that means she could have made around $2.9 million from her work on the original series.Related: Dr. Dre’s net worth in 2026: The business mogul becomes a billionaireFans would give Garth the opportunity to make even more money than that, however. 90210 enjoyed not one but two reboots in the intervening years: one on the CW Network, simply entitled 90210, which aired for 5 years between 2008 and 2013. There was also a 6-episode “event series,” BH90210, that aired on Fox in 2019.In the CW series, Garth reprised her role as Taylor, returning to West Beverly High as a guidance counselor and the mother of Dylan McKay’s son. Celebrity Net Worth reports that Garth received $50,000 per episode; she appeared in 20 episodes, which means she could have pocketed $1 million from the stint, although she later admitted to People that she wished she hadn’t done it, saying she didn’t know how to say no to the producer, who was a friend.More on wealthy celebrities:Miley Cyrus’ net worth: A look at her wealth as ‘Something Beautiful’ dropsSabrina Carpenter’s net worth: The pop star’s wealth at 26Justin Bieber’s net worth: The pop superstar’s wealth at 31In the 2019 reboot, the plot followed the original cast members as they decided whether or not to do a reboot (how meta). According to The Hollywood Reporter, Garth, along with the series’ original stars, Tori Spelling, Gabrielle Carteris, Shannen Doherty, Jason Priestley, Brian Austin Green, and Ian Ziering, made $70,000 per episode, which translated to a $420,000 “base salary” for the six-episode event (Luke Perry had passed away earlier in the year).As the reboot’s co-creator, Garth received an additional $90,000 or $15,000 per episode.Jennie Garth’s early life and acting careerJennifer Eve Garth was born on April 3, 1972, in Urbana, Illinois. She grew up on a 25-acre horse ranch with her six siblings. When she was 13, Garth’s family moved to Glendale, Arizona. Garth had always been interested in dance and modeling and was encouraged to pursue an acting career by Hollywood agent Randy James, who had seen her win a talent show. When she was a junior in high school, she moved to Los Angeles to work with James and later obtained her high school diploma.90210 was not Garth’s first TV show: She guest-starred on Growing Pains and Teen AngelReturns before appearing in the short-lived NBC series Brand New Life in 1989.After 90210 ended, Garth starred alongside Amanda Bynes in What I Like About You from 2002 to 2006. In addition, she has appeared in numerous made-for-TV movies, guest-starred in sitcoms like The Larry Sanders Show and Family Guy, and showcased her footwork in Dancing With the Stars (she and partner Derek Hough made it to the semi-finals in 2007).Jennie Garth’s personal lifeGarth has been married three times: Her first husband was Daniel P. Clark, a musician and drummer for a band called The Hoodwinks. They married in 1994 and divorced in 1996.Next, Garth married Twilight actor Peter Facinelli in 2001. They share three daughters: Luca Bella (b. 1997), Lola Ray (b. 2002), and Fiona Eve (b. 2006). In 2013, Facinelli filed for divorce, citing irreconcilable differences.Garth turned to alcohol and anxiety medication to dull her pain, and she overdosed, ending up in the hospital needing her stomach pumped.She successfully completed a treatment program at Canyon Ranch rehab facility, and learned how to forgive her ex — and herself, telling People that forgiveness “has nothing to do with the other person. It has everything to do with you preserving yourself, your life, and wanting to move forward and wanting to be happy. Because you can never be happy when you’re holding onto that fear, that attachment to the anger and the resentment. It’s just self-sabotage.”In 2014, Garth was set up on a blind date by friends with actor Dave Abrams. Four months later, they got engaged, and on July 11, 2015, they were married.A few months into their union, however, the couple separated because Garth, who is nine years older than Abrams, had issues trying to conceive a child. The couple separated for a few months but eventually ended up back together, with Abrams crediting their marriage for having “changed us both into more patient, loving and understanding humans, not just with each other but with everyone around us” in an Instagram post. Abrams added, “You make me a better person.”Jennie Gath’s real estate portfolioGarth may have sold her first homes too soon, but she certainly recouped her investments in recent years.In 2014, she renovated a Studio City, California, home on HGTV’s The Jennie Garth Project, selling it for a $2 million profit in 2018.According to Architectural Digest, she also recently offloaded another equestrian ranch for $1.9 million and picked up a Pasadena home for $3.3 million.Her new home, another ranch, boasts 3,360 square feet of living space, four bedrooms, a chef’s kitchen, and an outdoor pool with barbecue pit.Related: Harry Styles net worth: How the ‘Kiss All The Time. Disco, Occasionally’ singer built his fortune
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Walmart is selling ‘soft and comfortable’ shorts for only $3 in 17 colors
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 dealNow that spring (and in some parts of the U.S., summer) weather is in full effect, it’s time to break out the light layers. From T-shirts to breathable hoodies with sun protection, there are certain pieces that will keep you comfortable during warmer spring days. One closet essential we can’t forget is a pair of shorts.The Titcea Shorts are a great choice, and you won’t believe how much they cost. You can get these bestsellers for as low as $1 at Walmart, although most colors and sizes cost $3, which is still a big bargain. Choose from 17 colors to match practically everything in your wardrobe. And the best part? Shoppers say they’re “very soft and comfortable.” Even with a $5 shipping fee, it’s an incredible Flash deal to take advantage of. Titcea Shorts, $3 at Walmart
Courtesy of Walmart
Shop at WalmartWhy do shoppers love it?When the warm weather starts to hit, we don’t blame you if you practically want to live in a pair of shorts. And we wouldn’t blame you even more so if they’re only $3 a pair. These shorts have an incredible value for the price, as other options are typically in the $10 to $40 or more range.The shorts are made of cotton, giving them a lightweight feel that’s ideal for warm weather. They also have a stretch to them that won’t feel restrictive if you wear them all day long. They also have a silhouette with more of a mid-thigh cut than short-shorts. Whether you’re lounging at home, running errands, or working out, they’re a great addition to a spring and summer wardrobe.If you love a pop of color, you’re in luck. As we mentioned before, the shorts are available in 17 shades. The light purple hue in a size large will give you the best deal at $1. The other colors and sizes — including black, blue, gray, and pink — cost just a bit more at $3.Related: Walmart’s bestselling hoodie is on sale for just $4 — this is not a drillDetails to knowSizes: From women’s small to XXXXL.Material: Cotton.Colors: 17.”These shorts are very comfortable! The material is soft and stays that way, even after washing several times,” one reviewer said. “They are a little long for me but the comfort makes it worth it.”Another shopper also backed the comfort claims, adding that the material is thin and stretchy, making the shorts perfect for wearing around the house. “At first I bought two, then bought almost every color,” they added.While many gave the shorts rave reviews, some noted that the sizing can be tricky with some inconsistencies between colors.Shop more dealsAthletic Works Performance Shorts, $9 at WalmartFantaslook Plaid Shorts, $14 (was $25) at WalmartHanes Originals SuperSoft Sleep Shorts, $14 at WalmartIt’s not every day that you find such an affordable spring essential. For as low as $1, the Titcea Shorts are such a steal.
Popular vodka brand closes facilities, no bankruptcy filing
The distilled spirits industry had a disappointing year in 2025, as spirits supplier sales declined by 2.2% to $36.4 billion, according to the Distilled Spirits Council of the United States.“While total U.S. spirits sales edged down 2.2% in 2025, the spirits industry remains resilient, driven by innovative products that continue to spark consumer interest,” said Chris Swonger, CEO of the Distilled Spirits Council.”Against a challenging backdrop of weakening consumer confidence and persistent economic pressures, American adults continue to choose distilled spirits, with ready-to-drink cocktails standing out as a clear favorite,” Swonger said.The decline in sales, however, led certain distilleries to close facilities, and in some cases, close down their business.
Deep Eddy Vodka is closing its tasting room and visitors’ center in Dripping Springs, Texas.
Deep Eddy Vodka closes tasting roomDistilling company Deep Eddy Vodka will close its facilities in Dripping Springs, Texas, on June 13 and transition the facilities in a sublease agreement to another Texas distillery not affiliated with Deep Eddy, Goodnight Loving Vodka, The Spirits Business reported.Deep Eddy was founded in Austin, Texas, in 2010 and expanded to a second distilling operation at the Dripping Springs facility in 2014. The company upgraded the facilities to include a tasting room and visitors’ center.Heaven Hill owns Deep Eddy VodkaHuge whiskey producer Heaven Hill Distillery, which also distills the Evan Williams, Elijah Craig, Five Brothers, Old Fitzgerald, and Larceny brands, acquired Deep Eddy in 2015 and moved all distilling operations to Buda, Texas in 2017.Heaven Hill invested almost $1 million in upgrades to the Dripping Springs facilities in 2019, which included adding a 38-foot bar, an innovation bar built around the original Deep Eddy column still, a new bottling line, a performance stage, a new merchandising area, and seating for 200 people.Dripping Springs had Deep Eddy’s only tasting room. The company has not indicated whether it will open a tasting room and visitors’ center at the Buda facility, which will continue to be Deep Eddy’s distilling facility.”Our vodka continues to be crafted in Buda, and we’re more committed than ever to Austin, the place where it all started,” Deep Eddy said in a website message. “You’ll keep seeing us around town through local events, partnerships, and plenty of good times.”In addition to its flagship Deep Eddy Vodka product, the company distills eight other flavored vodkas, including Lemon, Lime, Peach, Ruby Red Grapefruit, Pineapple, Orange, Cranberry, and Sweet Tea.Deep Eddy isn’t the only distiller shutting down operations, as two other spirits distilleries recently closed facilities, blaming a decline in alcohol consumption.Other spirits distillers close facilities MGP Ingredients, which said it will close distilling operations at its Limestone Branch Distillery in Lebanon, Ky., and Lux Row Distillers in Bardstown, Ky., for a minimum of one year beginning May 1, 2026, according to a company statement.MGP Ingredients’ premium spirits brands include Penelope, Rebel, Remus, and Yellowstone bourbons, Pearl Vodka, El Mayor tequila, and Everclear, the 190-proof grain alcohol.MGP operates a tequila distillery in Arandas, Mexico, and has bottling operations in Missouri, Ohio, and Northern Ireland.Kingfly Spirits goes out of businessAlso, Popular vodka and whiskey distillery Kingfly Spirits abruptly shut down its Pittsburgh Strip District operations on Feb. 11, posting a farewell message on its Facebook page on the same day.The distillery, tasting bar, and event space, which opened in February 2019, posted a message on its website about a week earlier, saying, “We are making some structural repairs in February,” but it apparently changed its intentions.“After seven years of many ups, downs and alllll arounds, the team at Kingfly toasts you for the last time,” Kingfly said in a Feb. 11 Facebook post. “As of today, we are moving on to the next chapter of life and could not be more grateful for your friendship, patronage, support and celebration of what we did together.” Heaven Hill Distillery brands:Heaven HillHenry McKennaBernheim OriginalRittenhouseLarcenyOld FitzgeraldParker’sPikesvilleElijah CraigEvan WilliamsMellow CornSource: Heaven Hill DistilleryRelated: Starbucks closes all but one downtown location in major city
Anthropic quietly targets Microsoft’s most popular app
Anthropic just made a massive move that goes directly at Microsoft’s (MSFT) home turf.The AI bellwether just launched a beta version of Claude for Word, layering its robust model onto arguably the most popular piece of software in history, according to Business Insider. Word isn’t just another app.Having personally used the product for decades, I know it has been the go-to for negotiating contracts, writing memos, and shaping deals.With Claude inside the software’s workflow, Anthropic’s goal is to effectively remove the friction, sitting exactly where the work is happening. As a result, Anthropic is becoming a critical intelligence layer within software, especially after it recently outperformed many major large language models. And that’s a much more serious challenge to Microsoft than might be obvious.Anthropic takes aim at Microsoft’s moatAnthropic’s move into Word has everything to do with control.Office work has been synonymous with Microsoft’s Word processor over the years, particularly for consultants, students, finance teams, and lawyers. Now with the add-in, the dynamic switched up in a big way.More AI Stocks:Morgan Stanley sets jaw-dropping Micron price target after eventBank of America updates Palantir stock forecast after private meetingMorgan Stanley drops eye-popping Broadcom price targetUsers don’t need to leave the platform, where Anthropic meets them at the exact point of work. So it then stops being an outside assistant and becomes more like a native document layer.Also, there’s a unique sales pitch layered in the agreement.Essentially, if users can run the plug-in through Bedrock, Vertex AI, or any internal LLM gateway, they can sidestep the need to buy into Microsoft’s AI stack.For lawyers in particular, the development could be a game-changer, enabling them to flag risks, preserve formatting, and survive tracked changes. Here are some of the prompts that can potentially be used.“Summarize the key business terms and highlight anything unusual.” “Make the indemnification clause mutual using our fallback language.” “Review all comments and apply draft revisions with tracked changes.”Setting up Claude for WordWorks with Microsoft Word on the web, Word for Windows with Microsoft 365, and Word for Mac on supported versions.Individuals can install Claude for Word from the Microsoft Marketplace by selecting Get it now.Following the installation, open Word, launch the add-in, and sign in with your Claude account.Admins can deploy it through the Microsoft 365 Admin Center, enabling Office Store access, adding the app, and assigning it to users or teams.
Source: Claude Support
Claude’s bigger workflow grabWord is the newest entry in Claude’s Microsoft foothold, currently in beta for Team and Enterprise users.Before that, Claude spread its tentacles into Excel for spreadsheet work and PowerPoint for slide creation and editing.It connects to Microsoft 365 and pulls context from SharePoint, OneDrive, Outlook, and Teams.Anthropic went deeper into Microsoft’s stack through Copilot Studio, the Researcher agent, and Agent Mode in Excel.Outside Microsoft, Claude is embedded in Slack workflows.It can also plug into Google Workspace (Gmail, Calendar, and Drive).New enterprise plug-ins extend Claude into DocuSign, FactSet, and LSEG workflows, too.
Anthropic launches Claude for Word, expanding AI into Microsoft’s core document workflows for professionals everywhere.Getty Images/Bloomberg
What Claude does better than the average chatbotAnthropic’s Claude is a family of AI models, and from the start, its edge has been clear.Instead of being all flashy, it has always aimed to be a reliable coworker who actually understands the brief.It debuted on March 14, 2023, and since then has quickly risen in the ranks to become a major work platform, offering quick-response modes, deeper adaptive thinking for tougher problems, and Projects and Artifacts for drafting.In addition, its model Sonnet 4.6 now stretches to a whopping 1 million-token context window in beta, a massive flex that means Claude will offer far more organized and context-specific responses for some of the most challenging tasks. “I’ve only subscribed to it for a week or so now, but so far I like the tone way better,” said Reddit commenter tulobanana, responding to a Claude versus ChatGPT debate in the r/ChatGPT subreddit. “It’s night and day. Claude sounds a lot more natural and most importantly, doesn’t do any of the ‘let’s look at this calmly’ and ‘you’re not overreacting, you’re not being dramatic’ and ‘it’s nothing mystical’ type of s**t. At least not yet, knock on wood.”Here are some standout benchmark stats.Coding is Claude’s biggest selling point. Claude Opus 4.1 posted a head-turning 74.5% on SWE-bench Verified (its best published score on software-engineering benchmark).Claude stood out in complicated “research and finish the task” work. Outside group Artificial Analysis reported that Claude Opus 4.6 scored 1606 Elo on these tasks, roughly 150 points higher than GPT-5.2 (xhigh). Put simply, Claude beats its rival sevenout of 10 times in head-to-head tests.Claude stands apart when workloads get huge. In a particular Anthropic test, Opus 4.6 scored 76% on a task that was essentially about how effective AI was finding the correct information that’s buried inside 1 million tokens of text. Why Anthropic is suddenly everywhereClaude has had a noisy stretch of late. In the past few weeks, it has been at the heart of a Pentagon blow-up, Washington sounding the alarm over its latest model, and a growing tussle on who controls the next layer of enterprise AI.Anthropic’s Pentagon fight is still a headache, BBC noted. Following a dispute over guardrails on military usage, the Defense Department called it a “supply-chain risk” and cut off Pentagon business.Funny enough, Anthropic is still communicating with Washington.
Co-founder Jack Clark said the company is still discussing Mythos with the Trump administration, Forbes reported, undercutting the “Dario the Ethical” narrative.
Mythos is Anthropic’s most capable model that’s tailor-made for coding and agentic tasks, according to Reuters. It has the ability to identify and exploit weaknesses in major operating systems and browsers.
The development was so serious that CEOs of major banks, led by Treasury Secretary Scott Bessent and Fed Chair Jerome Powell, called an emergency meeting.
Anthropic is also deepening its push into enterprise software, creating headaches for rivals such as Palantir after recently rolling out 10 new business plug-ins, Reuters confirmed.Related: Veteran analyst drops bold take on Palantir Anthropic situation
Walmart is selling $71 Skechers sneakers with special air-cooled midsoles for $40
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 dealNow that the weather is warming up, there’s no better time to be outside. When you’re on the go enjoying springtime activities like hiking, biking, and walking, or you’re simply outdoors trying new restaurants, shopping for new clothes, and spending time with friends and family, it’s important that you’re comfortable. The wrong pair of shoes can leave you with chafed skin, blisters, irritation, and overall poor shoe support no matter what you’re doing, which is why a sturdy pair of sneakers like the Skechers Go Run Now Sneakers are a must-have addition to any wardrobe.It can be hard finding a good pair of sneakers, especially when some particular styles can be quite expensive. Thankfully, like most things these days, there’s a wide variety of sizes, colors, and styles to choose from, which means there’s also always an option for any budget. These Skechers are a whopping 44% off, meaning instead of forking out $71, you can save $31 and get the bestselling shoes at Walmart for only $40 right now. Skechers Go Run Now Sneakers, $40 (was $71) at Walmart
Courtesy of Walmart
Shop at WalmartWhy do shoppers love it?Skechers has long been a brand customers know, love, and trust, and they continue to deliver with these Go Run Now sneakers. The super lightweight shoes are made with mesh, special Skechers Air-Cooled Goga Mat insoles, and stretch laces to deliver you a sneaker that makes it easy to run, walk, or simply stand with ease and comfort. The Skechers Air-Cooled Goga Mat insoles have a firm but comfortable high-rebound cushioning, which is designed to maximize energy return and spring the energy your foot gives into it back against the body. This not only helps the shoe keep its shape better long term, but it reduces fatigue and gives you that springy, energetic feel with every step. The insoles are also super breathable, promoting airflow which helps keep your feet from overheating and preventing moisture buildup which leads to things like blisters. The interior also has ultra-light midsole cushioning which, with those insoles, is critical for absorbing impact and reducing stress on your knees, hips, and ankles with every stride you take. It helps distribute pressure evenly so that no one area of the foot gets too much strain. The midsole also features Skechers M-Strike technology, which describes the specific midsole design featuring a rocker shape that promotes a midfoot strike, helping to increase efficiency and smoother transitions with each step. Related: Walmart’s bestselling Avia sneakers are on sale for $10, and they come in eight colorwaysThe outside of the shoe is sleek and simple, with no-tie stretch laces that make them easy to pull on without lacing them up or down. Simply slip your foot in and go. The exterior of the shoe features a mesh upper, which keeps the shoe breathable, lightweight, and comfortable, and the bottom has a thick rubber sole for bounce and support. Available in six colors and patterns, the shoes come in sizes 5 up through 11, and half sizes are available for purchase. Details to knowMaterial: Skechers Air-Cooled Goga Mat insole, mesh, and stretch laces. Sizes: 5 through 11. Colors: Six.Although some shoppers say they take a few wears to break in, as any sneaker does, most find the super comfortable right away — “from the moment you receive them.” Even with all day wear, they keep your feet supported and comfortable, with no blisters or pain to complain about. “I think you can never go wrong with Skechers’ products and this pair of sneakers did not disappoint,” one shopper said. “They are good quality and [reflect great] workmanship.” Shop more deals Obtaom Canvas Mule Sneakers, $23 (was $31) at WalmartEasy Spirit Baroon Slip-On Sneaker, $43 (was $79) at WalmartAvia Hypersonic Gel Running Shoes, $16 (was $30) at WalmartSneakers can certainly cost you a lot, but that doesn’t mean you always need to spend a ton to get a great, sturdy pair. The Skechers Go Run Now Sneakers provide cushioning, breathability, and support all at a convenient price.
One airline is adding a fuel surcharge in reverse
With the cost of oil and subsequently jet fuel spiking dramatically in the weeks after the U.S.-Israeli strike on Iran, multiple airlines have ended up adding surcharges in various places to make up for their losses.Last week, Alaska Airlines became the latest to join competitors like JetBlue and United Airlines in raising the prices of checked baggage. Since the start of March, the latter’s chief executive Scott Kirby has repeatedly given interviews in which he warns that the impact on passengers through higher prices in many areas “will probably start quick.”In each case, the airline said that raising the prices of anxillary services help them recoup losses without raising prices on airfare. The change was also instituted in advance for future flights so that travelers could adapt to new prices.Volotea puts in “limited and temporary adjustment to the ticket price prior to the scheduled departure of the flight”But Volotea, a Spanish low-cost airline based out of Barcelona, has now found itself mired in controversy for taking the unusual step of asking travelers who already bought their tickets to pay an additional surcharge to cover the change in fuel costs.Over the last few days, some travelers scheduled to fly with the airline reported receiving an email asking them to pay anywhere from €7 to €15 over the “change in the cost of jet fuel given the current situation in the Middle East.”Related: JetBlue cracks down on baggage in a way you won’t like The message came with a link through which travelers need to make the payment before being able to check in and receive their boarding pass. Legally, Volotea falls back on an obscure section in its contract of carriage that allows the airline to do this in the event of “extraordinary” changes in fuel prices.”In the event of extraordinary fluctuations in fuel prices affecting international energy markets, Volotea may apply a limited and temporary adjustment to the ticket price prior to the scheduled departure of the flight,” the policy reads.
Volotea is a low-cost airline based out of Barcelona.Shutterstock
Why airline fuel surcharges may be here to stay As whether the 100% increase observed at one point constitutes as “extraordinary” is open to interpretation given European airlines’ hedging of jet fuel and the drop in prices that followed, the email sent out prompted immediate outcry from affected passengers.More Travel News:Airline to launch unusual new flight to Cayman Islands from the U.S.Here is where you should go for those last days of ski seasonUnexpected country is most luxurious travel destination for 2026U.S. government issues strange warning on Ireland travelThe surcharge also led many to speculate on whether other airlines in Europe and other parts of the world will use Volotea’s example to try to push forth a similar charge. While multiple airlines Asia and Europe have put in place a fuel surcharge on new bookings, Volotea is the first to try it after-the-fact with booked tickets.Ryanair CEO Michael O’Leary has previously also warned of widespread uncertainty that low-cost airlines in particular now face with regards to jet fuel.”Nobody is willing to give us any assurances into June or July,” O’Leary said in an interview with The Guardian. “But if there’s a risk to 10% or 20% of the fuel supply in June, July, or August, then we and all other airlines would have to start looking at cancelling some flights or taking some capacity out.Related: Travel company shuts down in bankruptcy, passengers stranded
UBS resets Tesla stock price for the rest of 2026
Tesla has dropped more than 21% in 2026. UBS had been one of the bears. On April 14, that changed.UBS upgraded Tesla (NASDAQ: TSLA) from Sell to Neutral and raised its price target to $352, citing a more favorable risk-reward profile following the stock’s sharp decline. The move sent Tesla up approximately 2% in premarket trading.The upgrade came from UBS analyst Joseph Spak, who said the current price level now more evenly balances near-term headwinds against Tesla’s longer-term opportunity in what the bank calls “physical AI,” according to CoinCentral.Why UBS changed its view on TeslaThe core of UBS’s argument is that the stock had fallen far enough to price in most of the bad news. UBS said its view is now balanced between near-term demand challenges, an elevated investment period, and a lofty valuation on one side, and a large long-term physical AI opportunity on the other.More Tesla:Elon Musk’s Terafab bet: what it means for Tesla investorsBank of America revamps Tesla stock priceUBS has a message for Tesla stock investorsUsing a 150 times price-to-earnings ratio, UBS calculates the stock is currently pricing in $2.33 of 2027 earnings per share. That compares to UBS’s own estimate of $2.35 and consensus of $2.47, suggesting the stock is no longer dramatically stretched relative to what the bank expects, according to Investing.com.Tesla’s current P/E ratio sits at approximately 325 times earnings. Insiders have sold $20.9 million worth of shares over the past three months, according to GuruFocus.The near-term headwinds UBS is not dismissingThe upgrade is not a clean bullish call. Spak was explicit about the pressures still facing Tesla. Near-term headwinds include weaker EV demand, a Q1 2026 energy shortfall, rising costs, higher capital spending requirements, and slow progress on both its robo-taxi network and the Optimus humanoid robot.Spak warned the stock “may continue to exhibit high volatility” and said it trades more on sentiment and narrative than on underlying financials, according to CoinCentral. That is not the language of a ringing endorsement. It is the language of a bank that thinks the risk of holding a Sell rating has become greater than the risk of moving to Neutral.
UBS sees risks in Tesla stock.Kemp/Getty Images
What UBS says about Tesla’s AI and robotaxi potentialThe longer-term case rests on two projects: the robo-taxi network and the Optimus robot. UBS still sees potential for Tesla to offer low cost-per-mile transportation and become a major player in the U.S. robotaxi market, according to CoinCentral.But Spak’s expectations are measured. Tesla had indicated its robo-taxi service would be operating across nine cities by the first half of 2026. Spak flagged concern over the slow pace of the Austin rollout and does not expect meaningful scaling in the near term, according to CoinCentral.On Optimus, Spak said the program “will take longer than Musk’s stated targets” and flagged supply chain risk given the current reliance on Chinese-made parts. UBS models approximately 5,000 Optimus units in 2027, rising to 30,000 by 2030, according to CoinCentral. That is well below the volumes Musk has publicly discussed.Key figures from the UBS Tesla upgrade:New rating: Neutral, upgraded from SellNew price target: $352Tesla year-to-date decline: more than 21%Premarket reaction: up approximately 2%UBS 2027 EPS estimate: $2.35 vs consensus $2.47Current P/E: approximately 325xUBS Optimus forecast: 5,000 units in 2027, 30,000 by 2030Where other analysts stand on TeslaUBS’s new $352 target lands in the middle of a wide range of Wall Street views. Morgan Stanley’s Adam Jonas maintains a $410 target. Wedbush sits at $600 on the bull end. Wells Fargo holds a $125 target at the bear end, according to TECHi.That range, from $125 to $600, reflects how differently analysts value the company depending on whether they believe Tesla’s AI and robotaxi story will materialize on the timelines the company has suggested. UBS’s move to Neutral does not resolve that debate. It simply says the stock has come down enough that the downside from a Sell rating no longer looks justified.For investors, the upgrade is a signal that the pendulum has shifted slightly. But Spak’s own caveats make clear this is not an inflection point. It is a recalibration from a bank that thinks the risk-reward has improved, not that the problems have gone away.Related: JPMorgan has a stark warning on Tesla stock
Early Pepsi stock investors now earn a 10% dividend yield
There’s a reason patient investors love dividend stocks. If you hold quality dividend stocks long enough, the income keeps growing, even if you never add another dollar.PepsiCo, a Dividend King is a textbook example. Anyone who bought shares back in 2006 and simply held on is now collecting a nearly 10% yield on their original investment. Fidelity puts it plainly in its investor education content: dividend-paying stocks “provide a way for investors to get paid during rocky market periods” and a growing dividend stream “can help build wealth over time.” Pepsi (PEP) is proof that this is more than theory.How the dividend math plays out for Pepsi stockHere’s a simple way to analyze the power of a growing dividend stock.Back in 2006, PEP stock traded around $59. A $1,000 investment bought you roughly 17 shares. At that point, PepsiCo’s annualized dividend was $1.04 per share, putting your annual dividend income at about $17.68. That’s a yield of roughly 1.8% on your cost. In April 2026, Pepsi pays an annual dividend of $5.69 per share. It means the original 17 shares now generate $96.73 in annual dividends. On a $1,000 investment, that’s a yield on cost of 9.7%.You didn’t do anything. You just held the stock and increased your dividend income by more than 4x. More on dividend stocks:Early Broadcom stock investors now earn 16.8% dividend yieldAn $18 billion reason to own this 147-year-old dividend stockDown 76% from high, Nike stock offers dividend yield of about 4%That’s the quiet superpower of dividend growth investing and it’s why income investors keep coming back to names like PEP.Key dividend ratios for Pepsi stockAnnual dividend per share: $5.69Current dividend yield: ~3.6%Quarterly dividend payment: $1.42 per shareConsecutive years of dividend increases: 54 years (Dividend King status)20-year average dividend growth rate: ~8% per yearDividend frequency: QuarterlyLast ex-dividend date: March 6, 2026The annual dividend expense for Pepsi is around $7.4 billion, while the beverage giant is forecast to end 2026 with a free cash flow of $10.72 billion. Pepsi’s dividend payout ratio is not too high, given that FCF is projected to increase to $14.9 billion in 2030. PepsiCo’s$94 billion revenue base, $15 billion in operating profit, and steady free cash flow growth give the company room to sustain and increase its dividend payout. Related: Coca-Cola and Pepsi bring back classic flavors, launch new onesManagement also recently announced a $10 billion share repurchase program alongside the dividend hike, signaling confidence in the business.Pepsi remains a top dividend stockThe S&P 500 index offers a dividend yield of less than 1.5%, making PEP stock all the more attractive for passive income investors. Wall Street’s consensus PEP stock price target is $173.36, implying a meaningful 11.2% upside from current levels of $158. Of 15 analysts covering the stock, seven rate it a “Buy” and eight rate it a “Hold”. At the company’s February 2026 CAGNY conference, PepsiCo Chairman and CEO Ramon Laguarta was direct about the path forward.
Pepsi CEO Ramon Laguarta is focused on cost savingsEuropa Press News/ Getty Images
He committed to accelerating organic revenue growth back to mid-single digits, driving a record year of productivity savings, and returning the company to its long-term earnings-per-share growth algorithm of high single digits. CFO Steve Schmitt added that the company targets at least 100 basis points of operating margin expansion over the next three years, which would further strengthen the dividend growth.Schmitt stated:“We have a meaningful and growing dividend. So we’re going to pay and we expect to continue to grow our dividend, which we know is important to our shareholders”PepsiCo is also reshaping its portfolio. Recent acquisitions include Poppi, Siete, and a stake in Celsius Holdings: all aimed at capturing health-conscious consumers. PepsiCo stock has been a clear winnerNo dividend stock is without risk, and volume trends in North American snacks have been soft. Moreover, if we adjust for dividend reinvestments, Pepsi stock has returned 381% to shareholders since April 2006. In this period, the S&P 500 index is up 665%. Pepsi has grossly underperformed the broader markets over the past two decades. However, it may be the top holding for retirees with a low risk appetite seeking passive income. Today, Pepsi stock trades at a forward FCF multiple of nearly 20x, below its 10-year average of 25.5x. If it continues trading at 20x FCF, the blue-chip stock could surge 40% over the next four years. After adjusting for dividends, cumulative returns could be closer to 55%. Related: How much to invest in Pepsi for $1,000 in annual dividends (2026)
IRS reveals list of jobs that qualify for no tax on tips
The political promise has been on the books since last July. Now the IRS has turned it into an actual list of jobs.The Department of the Treasury and the Internal Revenue Service issued final regulations on April 13 implementing the “no tax on tips” provision from the One Big Beautiful Bill, which was signed into law on July 4, 2025. The final rules include the official list of occupations that qualify, defining exactly which workers may deduct tip income from their federal taxes.The list covers more than 70 separate occupations grouped into eight categories, from bartenders to water taxi operators. “Given the wide variety of workers who receive tips, these final regulations help implement an important tax benefit for American workers,” said IRS CEO Frank Bisignano.Who qualifies and what the deduction coversThe IRS says the deduction applies to employees and self-employed individuals in qualifying occupations who receive voluntary tips from customers. Workers can deduct up to $25,000 in qualified tips annually. The deduction is available above the line, meaning it applies whether or not a worker itemizes.The deduction phases out for individual filers earning more than $150,000 per year and married couples above $300,000. It applies to tax years 2025 through 2028, according to the IRS.More Personal Finance:Retirees following 4% rule are leaving thousands on the tableFidelity says a $500 policy could protect your entire net worthFidelity’s 4 Roth strategies could save your family a fortune in taxesQualifying occupations include wait staff, bartenders, salon workers, personal trainers, gig economy workers, and water taxi operators. The final rules expanded the list beyond the original proposal to include visual artists, floral designers, and gas pump attendants.Approximately 6 million taxpayers report tipped wages, according to the IRS. Bisignano noted the agency is already issuing refunds to eligible workers under the provision.What does not qualify and the limits workers need to knowDespite the name, tips are not completely free from tax. The deduction only covers federal income tax. Workers’ tips remain subject to payroll taxes that fund Social Security and Medicare. State income taxes may still apply depending on where a worker lives, according to CNBC.Automatic service charges do not qualify. If a restaurant adds an automatic 18% gratuity for large parties and distributes it to staff, those amounts are not considered qualified tips under the new rules, according to CNBC.Managers and supervisors who pool tips with employees cannot deduct those pooled amounts, though they may deduct tips they receive directly from customers, said Jeremy Wells, a certified public accountant, according to CNBC.Tips must be voluntary, paid in cash or by credit or debit card, and received directly from customers or through a tip-sharing arrangement. Gig workers and self-employed individuals can qualify as long as their occupation appears on the IRS list and the other requirements are met.Key facts about the no tax on tips deduction:Effective for tax years: 2025 through 2028Maximum annual deduction: $25,000Income phase-out: above $150,000 (single); above $300,000 (joint)Qualifying occupations: more than 70, grouped into eight categoriesPayroll taxes (Social Security, Medicare): still applyAutomatic service charges: do not qualifyEstimated tipped workers: approximately 6 million, per IRSIRS already issuing refunds to eligible workers
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What employers need to do nowBusinesses with tipped employees will need to adjust. For the 2026 tax year, Form W-2 will be updated to separately report cash tips with a new “tip occupation code.” Employers will need to identify the correct code for each tipped worker, according to TurboTax.For the 2025 tax year, standard tip reporting requirements remain unchanged. Workers can claim the deduction using existing forms, including Form W-2, Form 1099-NEC, Form 1099-MISC, Form 1099-K, or Form 4137, according to the IRS.Payroll systems will need updating for 2026. Income tax withholding tables and the W-4 form will also be revised to account for the tip deduction, according to TurboTax.What this means for tipped workersFor workers whose occupations appear on the list, the deduction can meaningfully reduce their federal tax bill. In industries where tips make up a significant share of income, keeping more of that money matters.But the rules come with enough caveats that workers should not assume the benefit applies automatically. The occupation must be on the IRS list. The tips must be voluntary. The deduction only covers federal income tax. And higher earners begin to lose the benefit above the income thresholds.Related: IRS refund numbers are hiding an ugly truth
Ex-top Fed official drops shocking message on independence
An influential former Federal Reserve official says the legal protections barring members of the Fed Board of Governors from removal by the president except for cause should be overturned.Former Federal Reserve Vice Chair for Supervision Randal Quarles said April 10 as reported by American Banker that he objects to the idea of regulatory independence as a general matter.But he added that the central bank’s decentralized structure would ensure that the White House would still not be able to dictate monetary policy if such an outcome became a reality.“I wish we stopped using the word independence — independence about the Fed, independence about executive agencies generally,” Quarles said. “There is no such thing as an independent agency in our constitutional system, and as a matter of general political first principles, there should not be. We don’t want — and can’t have — an independent Fed,” he added.Quarles said that despite that constitutional restriction, the central bank’s structure can still keep monetary policy from being dictated by the White House or any other faction. “What we can have is a system that assures that the monetary policy decisions of the central bank are insulated from short term political direction,” Quarles said. “No one should be able to direct the outcome of the process.” Warsh Senate hearings stalled over “politicized” subpoenas against PowellCongress returns to Washington this week with still no word as to when Fed Chair nominee Kevin Warsh will appear before the Senate Banking Committee as President Donald Trump’s pick to replace his nemesis Jerome Powell.The hearings, originally expected to begin in March, have been left off the committee’s calendar once again as of April 13.More Federal Reserve:Global central banks signal shocking shift on interest-rate betsBut when that day finally arrives, Warsh, a former Fed governor once known for his hawkish views on monetary policy, can expect a slew of questions (and some pretty harsh ones from both parties) in his attempt to succeed Powell when his term as leader concludes in May.Questions will arise about the Federal Reserve’s role, how it functions, and its impact on the economy, prices, the $6.63 trillion balance sheet and the American workforce. Trump attacks Powell over interest-rate cutsTrump, who has repeatedly criticized Powell personally (“a moron’’) and professionally (“Too Late’’) for not slashing interest rates to 1% or lower over the last 14 months. The president has unsuccessfully demanded Powell resign. During the months that took place for a search for Powell’s successor, the president vowed he would only nominate a candidate who agreed with his economic agenda including dovish rate cuts. After Warsh’s name was made public, Trump said he did not approach interest-rate cuts with the nominee.
DOJ criminal probe of Powell stuns global economyThere has been little formal movement to get Warsh in place to take over from Powell, which means as Reuters reported March 7, that the time for a seamless transition is running out. The process is further complicated by a widely criticized criminal investigation the Department of Justice led by Trump ally Jeanine Pirro has launched against Powell for allegedly lying to Congress about the $2.5 billion cost of the Fed headquarters renovations. Powell has said the probe is a pretext to pressure him to lower interest rates.The unprecedented probe has prompted one Republican member of the banking committee, without whose vote the nomination can’t be passed to the full Senate, to delay the process until the Powell investigation is shut down permanently.Global economists rally around Powell, Fed independencePowell announced the unprecedented subpoenas in a rare Sunday evening video earlier this year. ”This is about whether the Fed will be able to…set interest rates…or whether…policy will be directed by political pressure or intimidation,’’ the Fed chair said. A coalition of central bankers and top economists including Janet Yellen, Ben Bernanke and Alan Greenspan immediately issued a joint warning, saying the probe was an “unprecedented attempt to use prosecutorial attacks to undermine (the Fed’s) independence.”Related: Supreme Court signals Fed independence in Cook firing lawsuitThey went further, explicitly tying the episode to global risk, saying: “This is how monetary policy is made in emerging markets with weak institutions.”The experts were warning, in the highest economic and legal terms, that the United States risks sliding toward politicized monetary policy, something typically seen in less than stable economies such as, and these are my words, banana republics and Hungary.Even some Republican and financial leaders warned the politicization of the Fed could:Push inflation higherUndermine investor trustDestabilize bond marketsThese negative outcomes would ripple through the global economyFederal judge halts Powell probe pending appealAs of April 13, a federal judge has forcefully pushed back against the subpoenas and has kept them blocked.Chief U.S. District Judge James Boasberg has:Quashed, or tossed out, both DOJ subpoenas targeting Powell.Rejected the DOJ request headed by Pirro to reinstate them.Effectively halted the investigation for the time being, pending appeal which PIrro has vowed to do.Quarles takes on role of independent regulatorsQuarles also expressed concern about the outcome of two forthcoming Supreme Court decisions, one concerning whether independent regulators are constitutional and another concerning whether Trump’s purported dismissal of Fed Gov. Lisa Cook, which I reported, was lawful. A Supreme Court ruling is expected this spring on Cook’s case.Both cases could overturn Humphrey’s Executor v. United States, a 1935 Supreme Court opinion that upheld the constitutionality of independent regulators. Quarles said he was afraid that the court would strike down independent agencies but make an exception for the Fed, which he said would be regrettable because the exception would undermine the rule and isn’t required to ensure that monetary policy decisions remain sound.”I think that’s both wrong and unnecessary,” Quarles said. “It’s wrong because it will not be sustainable. If the Supreme Court says, ‘Here’s how the system is supposed to operate: The president has to be able to dismiss entities that execute executive power. But the Fed, we’ll just magically say, is different,’ then that is an unsustainable solution that will ultimately result in the withdrawal of the necessary insulation from short-term political direction, because that’s just not a good answer,” he said.Quarles cites roles of regional bank presidents in monetary policyHe concluded that Senate confirmation would also be an impediment to the president undertaking wholesale firings of Fed board members. Trump himself attempted to move less-conventionalpicks onto the Fed board during his first term, only to have them withdraw for lack of political support. And if a president were successful in a total Fed overhaul, Quarles said, it must be because there is a strong political desire for a change of policy or approach.”It is not a slam dunk that the president will be able to get nominees through the Senate,” Quarles said. “For most of my time on the board we did not have six confirmed governors…the board was outvoted on monetary policy decisions, if it came down to it, by the reserve bank presidents, which is how the system is supposed to operate. Related: Warsh nomination stirs Fed independence fears on Wall Street