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BBC plans to cut up to 2,000 jobs to save 10% of annual budget

The BBC said Wednesday that it plans to cut up to 2,000 jobs to save 10% of its annual budget — 500 million pounds ($677 million) — over the next two…
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American YouTuber who calls himself a ‘troll’ sentenced to 6 months in Korean prison for literally dancing on wartime graves

An American YouTuber who sparked national outrage in South Korea for provocative stunts, including dancing on a statue honoring victims of wartime sexual slavery, was sentenced to six months in prison Wednesday.…
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Palantir exec: the biggest mistake retailers are making with AI? Trying to do it all with one agent

Retail and brand teams are under unprecedented pressure today and the world is shifting faster than systems can adjust. Customer expectations reset in real time, tariffs and input costs are…
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Everyone was wondering what Trump wanted more: Warsh smoothly seated at the Fed, or for Powell to pay. We now have an answer.

Ever since Trump announced that former Fed Governor Kevin Warsh was his nominee to lead the central bank, there was a question: Would Trump now end his feud with current…
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Bank of America’s 18,000 financial advisors just got a new AI tool as the company posts a record quarter

Good morning. Bank of America posted its strongest earnings in nearly two decades, and CFO Alastair Borthwick says AI is becoming key to the bank’s performance. The bank reported on…
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Most of you are rejecting AI. The data shows you’re running out of time

The resistance is measurable, the anxiety is real—and neither will slow down what’s coming. A new global survey of 3,750 executives and employees across 14 countries finds more than 54%…
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As a small business owner, I never expected to pay $100,000 protecting my business from ransomware

As a small business owner in Columbia, Pa., I have always paid my taxes on time each and every year. My family started Susquehanna Glass in 1910 when my grandfather…
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Current price of oil as of April 16, 2026

By 8:15 a.m. Eastern Time today, oil had reached $97.06 per barrel, measured using the Brent benchmark. That’s 23 cents more than it cost yesterday morning and about $31 above…
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‘The Pitt’ reveals why healthcare desperately needs a new front door

You don’t need to be in healthcare to realize that HBO Max’s The Pitt has become must-watch television, and it’s only partially because of its riveting pace and storylines. The Pitt shows what millions…
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Canva debuts a new suite of agentic tools, as the design app quietly becomes one of the world’s most used AI services

Canva, the Australian startup that’s won over 265 million users with its design software, is launching a new suite of tools that combine visual creation and workflow automation, run by…
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The hidden menace behind Big Tech’s AI arms race: Meta, Amazon, and others are spending billions on hardware that’s worthless in as little as 3 years, says CEO of Research Affiliates

There’s a wild paradox in the middle of the biggest story in tech right now. The GPUs and other essential hardware that the hyperscalers are spending on so lavishly to…
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Exclusive: Top crypto VCs like Paradigm and a16z see portfolio values shrink amid market downturn and distributions to investors

The biggest names in crypto venture weren’t immune to the sudden collapse in the digital asset market in 2025. Top outfits like Paradigm and Pantera Capital saw their assets under…
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The world’s most — and least — miserable economies in 2025, ranked

Each year, I produce Hanke’s Annual Misery Index (HAMI). They call me the “money doctor” for my globe-spanning career of economic advisory missions, and by using readily available economic data,…
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Two physicians on ending the waiting-room era: bring care home

Several years ago, Gerard Folse, a 76-year-old shrimp fisherman from a bayou outside New Orleans was diagnosed with end-stage renal disease (ESRD) as he battled several other chronic diseases, including…
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Moody’s CEO: AI has a trust problem – better models won’t fix it

Nearly every week, the headlines about AI are dominated by the news of the latest model. A few days ago, Meta announced its newest model called Muse Spark – its…
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Peace talks are back on while the U.S. plays cat-and-mouse with rogue ships in the Strait of Hormuz

Good morning. On Fortune’s radar today: Markets: Record highs! Meet the anti-AI groups facing questions after the attack on Sam Altman. Peace is in danger of breaking out in the…
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Germany already told its workers to ditch four-day weeks and work-life balance—now the government wants to cut their pay for calling in sick too

Most people have called in sick at least once. But in Germany, workers have been taking more than one day off sick every month for the past year—and the government…
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Top New York surgeon: Americans have better data for choosing restaurants than surgeons. That has to change

Americans comparison-shop for everything. Almost everything, that is. People scrutinize product reviews before making even minor Amazon purchases. They research restaurants based on Google and Yelp ratings. They spend hours…
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When the shocks keep coming, farmer cooperatives are the only buffer that works

The shocks keep coming. The question is whether we help smallholder farmers face them together — or leave them to face them alone. Right now, that question is urgent. Renewed…
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The Iran war’s fertilizer shock is hammering American farmers and 70% can’t afford what they need for this year’s growing season

With the planting season ending in six weeks, skyrocketing fertilizer prices are forcing farmers into an impossible choice: cut back and lose crop yield or stay the course and lose…
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Forget the chatbot wars. Google DeepMind CEO Demis Hassabis is thinking about something far bigger

In today’s CEO Daily: Europe Editorial Director Kamal Ahmed reports on a conversation with Demis Hassabis. The big leadership story: Everyone’s anxious about AI—even founders. The markets: Mostly up as…
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Massive Honda recall impacts 440K vehicles over airbags potentially deploying ‘unexpectedly’

Honda is recalling a massive fleet of 440,830 Odyssey minivans over a potentially serious airbag malfunction, following reports of dozens of injuries, federal regulators announced. In a notice dated April…
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This CEO pirated video games as a teen and became a hacker for the Air Force. Now he’s built a $3 billion cyber firm

In today’s uncertain job market, Gen Z keeps hearing the same advice: don’t map out your whole career now, just follow your instincts and trust that salary and stability will…
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Exclusive: The doctors and education experts who studied AI’s impact on the young call for a 5-year moratorium in schools

The researchers, doctors, and child development experts have studied what generative AI does to developing brains. Their conclusion: it shouldn’t be anywhere near a classroom, and action needs to happen…
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Why no nation is truly ‘energy independent’ while the Strait of Hormuz remains closed

Marine traffic leaving the Middle East has again dropped from a trickle to barely a drip. This comes after a decision by the U.S. to blockade Iran’s ports in response…
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Oil prices may be falling, but for the wrong reason: a ‘demand destruction’ throttling global consumption, report finds

Oil prices are beginning to fall from their March peak, but policy experts warn sinking energy costs don’t necessarily mean the global economy has stabilized as the Iran war continues…
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Meet the Americans refusing to pay their taxes in protest of the Trump administration

Ed Hedemann hasn’t paid federal income taxes since 1970. The Brooklyn freelancer received a draft notice for Vietnam a year earlier and refused his induction because he didn’t believe in…
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Trump administration taps automakers to boost weapons production in WWII-style push

The Trump administration is turning to automakers and U.S. manufacturers to ramp up weapons production in a World War II-style push, a Pentagon official confirmed to FOX Business. “The Department…
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H&R Block wants to be more than a tax company. It wants to be your year-round financial advisor

Curtis Campbell knows exactly what kind of company people think H&R Block is. It is the place you go in late winter or early spring when your W-2s, 1099s, deductions,…
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The CEO of a $24 billion Dutch lender has sandwiches once a week with the staff to hear their views and get them on side with cost cuts

The $24 billion Dutch bank ABN Amro is cutting a fifth of its workforce over the next three years. So how is its CEO, Marguerite Bérard, rallying the troops? By…
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Trumpflation hits the World Cup: Fans face $80–$100 transit fares on top of $4,000-plus tickets

In an economy squeezed by tariffs, elevated fuel costs, and stubborn inflation, the FIFA World Cup was supposed to be America’s summer triumph. For millions of fans, it’s shaping up…
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Snapchat parent company cuts 1,000 jobs in major AI-driven workforce restructuring

Snap on Wednesday announced plans to lay off roughly 1,000 employees as the tech company adopts artificial intelligence (AI) and looks to streamline its operations. The parent company of Snapchat…
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Chili’s takes aim at McDonald’s with new value deal menu offerings

Chili’s is escalating its fight for value-focused diners, taking direct aim at McDonald’s with a new lineup of chicken sandwiches. The restaurant chain announced Tuesday it is expanding its lineup…
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Live Nation says ‘game is not over’ after jury finds company liable for ticketing monopoly

A federal jury in New York delivered a major blow to Live Nation Entertainment on Wednesday, finding the concert giant and its Ticketmaster subsidiary liable for monopolistic practices in the…
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LARRY KUDLOW: Let’s make April 15, Tax Day, a pro-growth tax cut day

Today is April 15, tax day, and it should be a day of celebration for nearly all taxpayers because of President Trump’s one, big, beautiful bill that was signed last…
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Average monthly mortgage payment hits new high, topping $2K for first time ever

Outstanding mortgage payments reached a new high at the end of last year when the typical mortgage holder’s monthly payment exceeded $2,000 for the first time. While the average monthly…
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The Bezos-Musk space rivalry is shooting for the moon, and the winner will dominate not just the cosmos—but the future of AI infrastructure

Elon Musk and Jeff Bezos, two of the three richest men in the world, are engaged in a stratospheric showdown to dominate space, and the outcome could decide the future…
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Fed Chair nominee Kevin Warsh is worth more than $100 million and has stakes in SpaceX and Polymarket

Kevin Warsh, President Donald Trump’s pick for the next Federal Reserve chair, is worth more than $100 million, according to a financial disclosure report released by the Office of Government Ethics…
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Teacher, blame thyself: Yale report savages Ivy League schools for destroying American trust in higher education

America’s colleges and universities are facing a crisis of legitimacy, and Yale University just issued one of the most candid institutional diagnoses yet of how they got here — and…
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Elizabeth Warren on her proposal to bring back IRS Direct File: ‘For just one day of bombing Iran, we could pay for 20 years’

Sen. Elizabeth Warren has long been a vocal opponent of privatizing the tax filing system—ie, how things are now. When ProPublica completed an investigation in 2019 showing major tax giants…
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Donald and Leo is the latest power-versus-pope showdown stretching back 1,000 years

Alarm over the war of words between President Donald Trump and Pope Leo XIV has escalated with remarkable speed, from The New York Times to the Daily Beast and local…
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‘Robbing them blind, baby’: Live Nation and Ticketmaster are a monopoly, jury rules

A jury has found that concert giant Live Nation and its Ticketmaster subsidiary had a harmful monopoly over big concert venues, dealing the company a loss in a lawsuit over…
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Pause AI and Stop AI: Meet the anti-AI groups facing questions after the attack on Sam Altman

The attempted firebombing of OpenAI CEO Sam Altman’s San Francisco home last Friday, allegedly carried out by 20-year-old Daniel Moreno-Gama, has drawn attention to two anti-AI groups with similar names:…
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From wool sneakers to GPUs: Allbirds’ desperate AI pivot and 600% stock surge, explained

Many companies, from Walmart to United Airlines, have been heavily touting their use of artificial intelligence to get some more love from Wall Street during this AI boom—and some have…
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FBI offers urgent guidance on securing home routers after disrupting Russian intelligence hacking network

Foreign hackers are looking to exploit vulnerabilities in Americans’ internet routers and the FBI is offering tips for securing your home or office routers after it announced actions it took…
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This CEO has teamed up with Google, Microsoft, and McKinsey to build an AI degree that could rival Harvard—and it will cost only $10,000 to attend

As millions of young people weigh what comes after high school—whether that’s a traditional college degree, a skilled trade program, or skipping higher education altogether—a new option will soon enter…
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Allbirds ditches sneaker business to pivot to AI compute, stock surges over 700%

Two weeks ago, Allbirds was a cautionary tale. The maker of the wool sneakers seemingly glued to the feet of every Patagonia-vested VC in 2019, once worth $4 billion, had…
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Starbucks wants you to ask ChatGPT about what coffee to get, right as America boils over with AI backlash vibes

Starbucks has a solution for unsure coffee lovers who face a truly dizzying amount of choice: Just let software make a selection for you. The Seattle-based chain is testing a…
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Iran and the U.S. live in 2 different worlds, law of the sea expert says—and both of those are different from most maritime law

The Strait of Hormuz exists in the eye of the beholder. While everyone agrees that, geographically speaking, it is a strait – a narrow sea passage connecting two places that…
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‘I am certain’: Harvard policy expert warns the true cost of the Iran war to U.S. taxpayers will exceed $1 trillion

Following the 2003 Iraq war, the Congressional Budget Office (CBO) projected the U.S. had spent $500 billion in direct costs on the conflict, but economics and policy experts Joseph Stiglitz…
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