Must Read Money Stories for Wednesday, March 23

by March 23, 2016


Brussels, Belgium Attacks on the airport and subway in Brussels Tuesday send shock waves across Europe. The timing of the latest terror attacks to ravage Europe come as summer vacationers plan their travels. Bloomberg analysts are already focused on how threats of terror will affect the air travel industry, and particularly on how it may impact travel to the region. CNBC is reporting that airline and hotel companies also saw their stocks fall Tuesday.

Unlocking that iPhone The U.S. Department of Justice might not need Apple to unlock an iPhone that belonged to the gunman in the San Bernardino, Calif. shooting last year. Apple and the Justice Department have been in an ongoing legal battle to access its software, but the New York Times reported that an “outside party” could crack the phone.

Brazil, oil and scandal Brazil’s government-run oil company, Petrobras, lost billions in 2015 and 2016, all during a massive high-profile bribery scandal involving former president Lula de Silva. CNN Money reported Petrobras’ market value sunk more than $100 billion since the investigation gained attention. Meanwhile, President Dilma Rousseff faces impeachment and reportedly says she will not resign, Reuters reports.

Starbucks at the food bank Starbucks plans to send 100 percent of its leftover food in the U.S. to Feeding America, a network of local food banks. According to a CNN Money report,  the U.S. Department of Agriculture estimates that Americans waste 30-40 percent of America’s food supply. Starbucks officials say the idea came from baristas behind the counter.

Dilma Rousseff” by Flickr user “Uberaba – MG” CC license CC by 2.0