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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…
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NYC Mayor Zohran Mamdani points at Ken Griffin’s $238 million penthouse on Tax Day: ‘Today we’re taxing the rich’
New York City Mayor Zohran Mamdani marked Tax Day by making good on one of his most prominent campaign promises, and he did it while outside hedge fund billionaire Ken…
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Carnival Cruise Line ordered to pay $300,000 for serving over a dozen shots of tequila to passenger before she fell down the stairs
Carnival Cruise Line must pay $300,000 to a former passenger after a federal jury in South Florida found that the company was negligent in serving the woman more than a…
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Iran will ‘for sure’ play in World Cup, FIFA chief Infantino says
FIFA President Gianni Infantino said Wednesday that Iran will participate in the World Cup “for sure” despite its war with the United States. Speaking at CNBC’s Invest in America Forum, Infantino…
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Trump Taps Former Public Health Leader Erica Schwartz to Lead CDC
By JBizNews Desk Trump selects Erica Schwartz to lead the CDC Move signals shift toward operational and crisis-response leadership Public health policy and federal coordination expected to be key focus…
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Closing Bell: Stocks Close Higher as Nvidia, Microsoft Lead Tech Gains; Oil Rises on Supply Concerns
U.S. markets closed higher as technology leaders including Nvidia and Microsoft advanced, while oil prices rose on supply concerns. Key Takeaways: Stocks closed higher led by Nvidia, Microsoft, and Apple…
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Allbirds drops sneakers, reinvents itself as an AI infrastructure company
Allbirds on Wednesday announced that the company will pivot from making sneakers to providing computing infrastructure for artificial intelligence (AI). The San Francisco-based company said it will execute a $50…
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A world going broke: IMF says America’s $39 trillion national debt is actually a global problem—and AI may be the only rescue
America’s $39 trillion national debt has become a familiar political football—batted around in budget negotiations, invoked at congressional hearings, and largely ignored between elections. But what the International Monetary Fund…
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China has ‘nearly erased’ America’s lead in AI—and the flow of tech experts moving to the U.S. is slowing to a trickle, Stanford report says
China has taken a bite out of the U.S.’s lead in artificial intelligence. The country has nearly closed its gap to the U.S. in AI bot performance, while continuing to…
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U.S. Catholic leaders criticize Trump for ‘disparaging words’ about the Pope as Vatican clash risks alienating Catholic voters
President Donald Trump’s war of words with Pope Leo XIV has earned a strong rebuke from leading Catholic Church figures at home, and has threatened to splinter a voting bloc…
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Social Security’s next COLA projection might not go as far as retirees hope
American retirees who are receiving Social Security will see an annual cost of living adjustment (COLA) next year, and a new report projects that next year’s benefit increase may be…
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Anti-AI sentiment is on the rise—and it’s starting to turn violent
Hello and welcome to Eye on AI. It’s Beatrice Nolan here, filling in today for AI reporter Sharon Goldman. In this edition…OpenAI debuts its own highly-capable cybersecurity model…Anthropic launches Claude…
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Americans have never been this gloomy about the economy. Wall Street has never cashed in harder
The same week Americans recorded a 74-year low in economic pessimism, Wall Street’s biggest banks closed their most lucrative trading quarter since at least 2014. The S&P 500 punched through…
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Trump: Israel and Lebanon agree to cease-fire
Pakistan’s army chief met with Iranian officials in Tehran on Thursday in a bid to ease tensions in the Middle East and arrange a second round of negotiations between the…
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Tax fight heats up as New York targets wealthy homeowners
A growing push for higher taxes on wealthy homeowners in New York is intensifying the debate over how far states should go to raise revenue, as policymakers weigh the broader…
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Small Businesses Navigate Rising Costs While Consumer Demand Holds Steady
Small businesses continue to navigate rising costs while adapting to changing consumer demand patterns. Small businesses across the United States are navigating a complex economic environment marked by rising costs…
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U.S. Companies Step Up Investment Plans Despite Economic Uncertainty
Major U.S. corporations are continuing to invest in growth initiatives despite an uncertain economic backdrop, signaling confidence in long-term demand even as interest rates remain elevated and global risks persist.…
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Trump’s war in the Middle East may end up a global boon for renewables, as think tank calls return-to-coal narrative ‘meaningless’
The global energy shock stemming from the conflict in the Middle East is rewriting the ways governments think about their power needs. Big Oil has predictably emerged as an early…
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‘The college grading system [is] almost meaningless’: People see the Ivy League as an easy A and with flawed admissions standards
Higher education is mired in a PR crisis. Since the start of his second term, President Donald Trump has targeted the nation’s most elite institutions, including the Ivy League. The…
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Commercial Real Estate Struggles Persist as Office Vacancies Remain Elevated
Office vacancies remain elevated as hybrid work continues to reshape commercial real estate demand. The U.S. commercial real estate sector continues to face sustained pressure, as persistently high office vacancy…
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PepsiCo says its price cuts are bringing shoppers back
PepsiCo said Thursday its push to make snacks more affordable is bringing customers back, offering an early sign that consumers are starting to return after pulling back in recent years.…
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Europe has ‘maybe 6 weeks’ of jet fuel left amid Hormuz blockade, energy agency chief says
The head of the International Energy Agency says Europe has “maybe 6 weeks or so jet fuel left” amid shortages due to Iran’s blockade of the Strait of Hormuz, the…
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Tech Stocks Advance as AI Spending Momentum Accelerates
By JBizNews Desk Published: April 16, 2026 Technology stocks advanced as investment in artificial intelligence infrastructure continues to accelerate. Technology stocks led broader market gains Thursday as sustained momentum in…
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Oil Prices Rise as Middle East Tensions and Supply Risks Intensify
By JBizNews Desk Published: April 16, 2026 Oil prices climbed in Thursday trading as investors weighed escalating geopolitical tensions in the Middle East alongside tightening global supply conditions, reinforcing concerns…
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Fed Signals Possible Rate Pause as Latest Inflation Data Cools
By JBizNews Desk Published: April 16, 2026 Federal Reserve officials are increasingly signaling a willingness to pause interest rate increases following the release of fresh inflation data this week showing…
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Mortgage rates fall as Iran ceasefire eases market tensions
Mortgage rates fell this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage…
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Rising fuel costs threaten Spirit Airlines’ bankruptcy exit plan: reports
Spirit Airlines is facing renewed financial pressure as rising fuel costs threaten to complicate its efforts to exit bankruptcy, adding uncertainty to its restructuring plan, according to reports. The low-cost…
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Trump has no plan to cut the $39 trillion national debt, but he does want to cut child care. His budget director is scrambling to clarify
The confrontation was inevitable. When White House budget director Russell Vought appeared before the House Budget Committee on Wednesday to defend President Trump’s fiscal year 2027 budget, the hearing erupted…
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Pope Leo XIV: A ‘handful of tyrants’ are ravaging earth with war and exploitation
Pope Leo XIV blasted the “handful of tyrants” who are ravaging Earth with war and exploitation, as he preached a message of peace Thursday in the epicenter of a separatist…
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New York governor’s take on a millionaires tax: fancy pied-à-terre second apartments worth over $5 million
For months, New York Gov. Kathy Hochul has resisted calls to increase taxes on the wealthy, beating back progressives who have hounded her from Manhattan to Puerto Rico bellowing chants of “tax…
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The CEO of Nissan manages his stress by playing the drums in his band and hitting tennis on the weekends
Stress comes with the territory of being at the helm of billion-dollar corporations—so CEOs are turning to personal rituals and deliberate routines to stay sharp and avoid burnout. Ivan Espinosa,…
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China’s economy grows 5% in first quarter, surprising economists to the upside
China’s economy accelerated in the first quarter of this year, expanding 5% from a year earlier as it largely shrugged off impacts from the Iran war so far, according to data released Thursday.…
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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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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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Unilever Sales Climb on Strong Demand in Emerging Markets
By JBizNews Desk LONDON — April 30, 2026 Unilever PLC reported stronger-than-expected sales growth for the first quarter of 2026, powered by robust demand across its emerging markets in Asia,…
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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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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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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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