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Elon Musk backs ‘universal high income’ to combat AI job losses
Elon Musk turned heads Friday when he suggested that the federal government paying citizens a “universal high income” is the best way to combat AI-related job losses. “Universal HIGH INCOME via…
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Walmart to remodel over 650 stores, open about 20 new locations
Walmart announced that it’s planning to remodel more than 650 of its stores around the U.S. while it also will open about 20 new stores in 2026 and early 2027.…
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Iran has reopened the Strait of Hormuz—but experts say it now holds a card that works ‘almost like a nuclear deterrent’
Iran’s foreign minister declared the Strait of Hormuz “completely open” for commercial shipping on Friday, sending Brent crude down roughly $10 to around $89 a barrel within minutes and U.S.…
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Netflix co-founder Reed Hastings to step down, departure is ‘spooking investors’
Netflix co-founder Reed Hastings will not seek re-election to the company’s board. He is currently the chair of the streaming entertainment giant’s board of directors. “Reed Hastings has informed us…
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Tourism had a record-breaking 2025 everywhere but the U.S., report finds, as international visitor numbers plummet by the millions
Last year was a record-breaking one for international tourism, injecting trillions of dollars into the global economy and supporting millions of jobs. But while more people than ever took to…
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The power has swung back to employers—and workers are paying for it in benefits, flexibility, and leverage
Employers have regained their power over employees, and the effects are already showing up. During the peak of the Great Resignation in November 2021, 4.5 million workers left their jobs…
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Trump says Iran to suspend nuclear program, won’t get funds
President Donald Trump said Iran agreed to suspend its nuclear program indefinitely, and will not receive any frozen funds from the US. Trump said in a phone interview on Friday…
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OpenAI’s policy chief says AI companies ‘need to do a much better job’ talking about AI as industry leaders face personal attacks
Dario Amodei warned last May that AI could wipe out half of entry-level white collar jobs. Microsoft AI chief Mustafa Suleyman predicted the technology would automate most tasks of the…
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Trump’s Ballroom Battle Hijacks White House Midterm Strategy
A federal judge’s construction halt sends the president into a public spiral, overshadowing Republican efforts to stay on economic message ahead of November What was supposed to be a disciplined…
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Iran says it fully reopens Strait of Hormuz as Trump says blockade will ‘remain in force’
Iran said Friday it fully reopened the Strait of Hormuz to commercial vessels, but President Donald Trump said the American blockade on Iranian ships and ports “will remain in full force” until…
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Trump still furious about NATO: ‘useless when needed, a Paper Tiger!’
The leaders of France and the U.K. on Friday welcomed the announcement by Iran and the U.S. that the Strait of Hormuz is open, but said freedom of navigation must be permanently…
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Zohran Mamdani’s wife apologizes for ‘harmful’ social media posts surfacing from her past
Rama Duwaji, the wife of New York City Mayor Zohran Mamdani, has apologized for “harmful” social media posts she made as a teenager, responding publicly after a conservative news outlet combed…
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Man carrying AR-style gun arrested near Aetna headquarters, police say
A man carrying a backpack with an AR-style pistol inside was arrested Thursday after walking into health insurer Aetna’s headquarters in Connecticut, police said. Security guards detained the man without…
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Twitter cofounder Jack Dorsey breaks down his thought process when he laid off 40% of his Block staffers because of AI
While some tech leaders shy away from admitting their job cuts are related to AI, Block’s CEO Jack Dorsey pointed to the advanced tech in cutting 40% of his staffers.…
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Illinois is OpenAI and Anthropic’s latest battleground as the state tries to assess liability for catastrophes caused by AI
OpenAI and Anthropic are backing opposing AI bills in the Illinois General Assembly that try to answer what should happen when AI makes something go terribly wrong. It’s the latest…
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Anthropic’s Mythos cybersecurity capabilities require urgent international cooperation, AI godfather Yoshua Bengio says
Yoshua Bengio, a computer scientist considered one of the “godfathers of AI” for his help in pioneering the deep learning systems that underpin today’s AI models, has been warning about…
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Oil prices plunge after Iran says Strait of Hormuz open for commercial shipping traffic
Oil prices plummeted more than 10% on Friday after Iran’s foreign minister said that the Strait of Hormuz will be open to all commercial shipping traffic for the duration of…
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With Hormuz under strain, a trade corridor built for resilience faces a real-world test
The India–Middle East–Europe Corridor, known as IMEC, is no longer just a concept on paper. It is being tested in real time. As policymakers place increasing pressure on securing critical…
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Meet the crypto guru to the Fortune 500
Good morning. Fortune 500 companies are already experimenting with blockchain but many CFOs are still hesitant to move real money on-chain. That topic came up in my conversation with Betsabe…
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The 3 forces quietly dismantling the business model that made enterprise software fabulously profitable
Software stocks have been in freefall. The S&P software index dropped about 20% in February, and a new word has entered the business lexicon: “SaaSpocalypse.” The thesis is that artificial intelligence…
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Current price of oil as of April 17, 2026
At 8:30 a.m. Eastern Time today, oil was priced at $96.18 per barrel with Brent serving as the benchmark (we’ll explain different benchmarks later in this article). That’s a drop…
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Taking a train to World Cup games at MetLife Stadium could cost around $150
Fans planning to use New Jersey’s NJ Transit to travel from New York City to MetLife Stadium for FIFA World Cup games this summer may have to pay around $150…
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Earnings Season Gains Steam as Banks, Tech Giants Deliver Strong Early Results
Earnings season is gaining momentum across Corporate America, as early results from banks and tech leaders beat expectations and signal continued resilience despite elevated interest rates and global uncertainty. Large…
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If the economy feels even worse for you than the inflation data says, that might be because childcare isn’t deemed a ‘necessity’
Inflation isn’t in a great place right now: Despite “affordability” becoming the buzzword of D.C., prices are moving in the opposite direction to consumers’ wishes. The latest CPI report from…
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Exclusive: Senator presses DOJ and Treasury over status of Binance monitors after $1.7 billion in Iran-linked crypto flows
Congress continues to probe Iran’s use of Binance. Sen. Richard Blumenthal (D-Conn.) sent out letters on Friday asking for details on the status of two monitors assigned to oversee the…
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Mamdani proposes city-backed insurance program to cut costs for some NYC landlords
While Mayor Zohran Mamdani’s administration has so far focused on affordability for renters, the mayor announced a plan to help landlords on Thursday. A new program managed by the city…
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The world holds its breath: Trump says Iran war will end ‘pretty soon’ as uranium deal is in sight
Good morning. On Fortune’s radar today: Trump says Iran war will end “pretty soon” with impending deal. Markets: Mixed reaction to possible peace deal. Yes, United and American Airlines can…
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EU Foreign Ministers to Revive Israel Sanctions Debate After Orban Setback
LUXEMBOURG — A coalition of European Union member states is moving to reintroduce a contentious proposal for sanctions against Israel at a high-level foreign ministers’ meeting in Luxembourg next week.…
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Older millennials are starting to act like boomers in the housing market—and pulling away from the pack
For years, Millennials were the housing market’s most sympathetic losers—priced out, rate-locked, and perpetually waiting for their moment. For a growing slice of that generation, the wait is over. And…
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The first wave of bank earnings shows why ‘resilience’ is Wall Street’s favorite word
In today’s CEO Daily: Diane Brady looks for trends in U.S. bank earnings The big leadership story: Experts call for a ban on generative AI programs targeting students The markets:…
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Pope Leo warned the world is in ‘big trouble’ if Elon Musk becomes the first trillionaire
Pope Leo XIV sounded the alarm over the growing wealth inequality between CEOs and workers—and he singled out Elon Musk’s path to trillionaire status. In one of first formal interviews…
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Could United and American airlines really merge? 5 key questions about a blockbuster deal
In the past few days, headlines are buzzing over the possibility of a mega-mega-merger that before the news broke, would have seemed inconceivable: A possible tie-up between United Airlines and…
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Food companies are finally cutting prices. PepsiCo shows it’s worth it
After accepting the reality that its inflation-weary customers had had enough of price increases in recent years, PepsiCo slashed U.S. prices on Lay’s, Doritos, Cheetos, and Tostitos chips by up…
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A secretive tycoon known as the ‘French Murdoch’ holds the key to Bill Ackman’s $64 billion bid for Universal Music Group
Activist investor Bill Ackman has his sights set on Universal Music Group, and he’s launched a complex $64 billion proposal for the label behind Bad Bunny, Taylor Swift, Paul McCartney…
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Trump Administration Directs U.S. Oil Executives to Accelerate Drilling to “Unleash” Energy Dominance
WASHINGTON — In a move signaling a sharp departure from previous climate-centric policies, the Trump administration has issued an urgent directive to the nation’s top energy executives, calling for a…
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Wheat Futures Surge as Weather Extremes and Iran-Linked Fertilizer Crunch Rattle Global Markets
CHICAGO — Wheat futures surged to their highest levels in nearly two months this week as a dual threat of deepening environmental crises in the American heartland and geopolitical disruptions…
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Israel-Lebanon Ceasefire Takes Effect as Trump Calls for Calm and ‘No More Killing’
JERUSALEM / BEIRUT — April 16, 2026 — Israel and Lebanon have agreed to a 10-day ceasefire that took effect at 5 p.m. ET on Thursday, marking a significant step…
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Cuba Explores Backchannel Outreach to Trump Amid Deepening Economic Strain
WASHINGTON / HAVANA — April 16, 2026 — Cuba appears to have pursued an unusual backchannel effort to reach former President Donald Trump, signaling growing urgency in Havana as the…
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Trump Says Iran Deal ‘Looking Very Good’ as Ceasefire Efforts Gain Momentum
WASHINGTON — April 16, 2026 — President Donald Trump said a potential deal with Iran is “looking very good,” signaling renewed optimism around diplomatic efforts as discussions surrounding a broader…
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Asian Markets Rise in Sync With Wall Street as Tech and Policy Signals Drive Global Momentum
HONG KONG / SEOUL / TOKYO / NEW YORK — Asian markets advanced in Thursday trading, extending gains from Wall Street as investors responded to improving U.S. economic signals, moderating…
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DoorDash’s new ad tools could change how restaurants compete for customers
DoorDash is rolling out new advertising features to help restaurants find customers who are more likely to order from them, bring in new diners and grow their business more efficiently.…
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Israeli Tech Giants Lead Market Momentum as Check Point, Mobileye, and Wix Drive Growth
TEL AVIV — April 16, 2026 — A new wave of momentum across Israel’s technology sector is being driven by a group of leading publicly traded companies, including Check Point…
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Reed Hastings’ exit from $455 billion Netflix ‘had nothing to do with’ the failed Warner Bros. deal, says Ted Sarandos
The next episode for Netflix? The start of a post-Reed Hastings era. The 65-year-old co-founder and former CEO of the world’s largest streaming service announced on Thursday that he won’t…
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Suspects convicted for insurance fraud after staging costume bear attacks in luxury vehicles caught on camera
Three Los Angeles-area residents were recently convicted in an unusual insurance fraud scheme using a person in a bear costume to fake attacks on high-end vehicles to collect insurance payouts.…
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More than 50,000 toys pulled from shelves over batteries that pose ‘death’ risk to children
More than 50,000 pet laser toys are being recalled across the U.S. after officials warned they pose a “serious risk of injury or death” to children. The recall affects about…
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Shekel Nears Historic Highs vs. Dollar at ₪3.04 Amid Strong Capital Inflows and Dollar Weakness
The Israeli shekel strengthened to around ₪3.04 per U.S. dollar, approaching historically strong levels as sustained foreign investment into Israel and a softer U.S. dollar combine to support the currency.…
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Eric Schmidt: Big Tech should power its own AI ambitions
Artificial intelligence is becoming increasingly polarizing — not just because of the content it produces or which jobs it might displace, but because many Americans believe it is driving up…
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Gen Z is carving a different path in the housing market by going it alone
The common milestones of the American dream once came in rapid succession. Couples would get married, buy a home, and have kids. But low inventory, skyrocketing mortgage rates, and stagnating…
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LARRY KUDLOW: Trump’s Iran Miracle
President Trump’s remarkable half-hour news gaggle covered so much ground and so knowledgeably. I doubt if there’s another president like it in my lifetime that could have done that. Mr.…
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PepsiCo revenues soar after slashing prices on Lay’s, Doritos amid ‘holistic’ company transformation
Food and drink giant PepsiCo is seeing significant gains after lowering prices on its signature snacks and beverages earlier this year to lure back cost-conscious consumers. In February, the company…
2026-03-11