Business news

Business news • Apr 15

Snap Inc blames AI as it lays off 1,000 workers

Cuts by Snapchat's parent company come in response to a declining stock price and pressure from an activist investor.

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Business news • Apr 15

Prediction: Rivian Stock Could Soar in The Next 5 Years If These 2 Things Happen

Rivian (RIVN +2.78%) has established itself as a notable player in the U.S. electric vehicle (EV) market. However, investors who have been with the company...

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Business news • Apr 15

Snap to cut 1,000 jobs after activist pressure, bets on AI efficiency

Snap will lay ‌off about 1000 employees, including 16% of full-time staff, the company said on Wednesday, becoming the latest tech firm to shift toward...

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Business news • Apr 15

Bank of America beats profit estimates as trading, investment banking shine

Bank of America beat estimates for first-quarter profit, as heightened market volatility pushed revenue from equities trading to a record and a rebound in...

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Business news • Apr 15

Tax Day 2026 deals: Restaurants, retailers offering freebies and savings

WASHINGTON — Tax Day is Wednesday, April 15, and several restaurant chains and retailers across the country are offering deals and freebies to help ease the...

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Business news • Apr 15

Struggling shoe retailer Allbirds makes bizarre pivot to AI, adds $127 million in value

Allbirds announced a deal with American Exchange Group to sell its intellectual property and other assets for $39 million in March.

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Business news • Apr 15

Allbirds is turning into an AI compute provider, because of course it is

Ah, zeitgeist: Allbirds is a San Francisco maker of wool trainers that was once valued at more than $4bn. It was sold this month for $39mn to American...

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Business news • Apr 15

Trump says he’ll fire Powell next month if he stays in his role at the Fed

President Donald Trump said he will fire Federal Reserve Chair Jerome Powell if he does not step aside when his term at the helm of the central bank expires...

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Business news • Apr 15

Snap Cutting 16% Of Full-Time Workforce; CEO Evan Spiegel Says AI Offers "New Way Of Working"

Snap Inc. is laying off 16% of its full-time workforce, or about 1,000 employees, with CEO Evan Spiegel declaring that “a new way of working” is possible...

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Business news • Apr 15

Bunk beds are coming to the sky with Air New Zealand’s new Skynest

Bunk beds at 36000 feet are coming to Air New Zealand on select aircraft this year as the innovative airline introduces Skynest.

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Business news • Apr 15

Starbucks launches beta app in ChatGPT to fuel new drink discovery

Starbucks is trying to find ways to entice U.S. customers back to its cafes.

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Business news • Apr 15

Airline mega-merger story is all about Trump

United Airlines CEO Scott Kirby floated the idea of a merger with American Airlines while meeting with President Trump last month, according to multiple...

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Business news • Apr 15

Snapchat owner cuts 16% of global staff in latest round of job cuts

The owner of social media platform Snapchat said Wednesday it's eliminating about 16% of its global workforce, or about 1000 jobs that will be culled in its...

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Business news • Apr 15

‘This too shall pass’: Investors are seeing through Iran volatility, says J.P. Morgan strategist

Markets are trading strongly this week on hopes the Iran war might soon be coming to an end. A fragile ceasefire has held despite peace talks collapsing,...

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Business news • Apr 15

Snap's stock jumps on plans to axe 16% of its workforce citing AI efficiencies

Snap was up in premarket trading on Wednesday after announcing plans to lay off up to 16% of its global workforce citing AI-driven efficiencies.

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Business news • Apr 15

PPI Jumps by over 6% Month-to-Month Annualized for 3rd Month in a Row. Energy Price Spike just Latest Wrinkle

The hit from energy in March was softened by food and services, which briefly backed off. In prior months, services were the driver. By Wolf Richter for...

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Business news • Apr 15

China’s Growth Seen Rebounding in Early 2026 Despite War in Iran

China's growth likely rebounded in the first quarter of 2026, offering policymakers time to assess the impact of the Iran war on the world's second-largest...

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Business news • Apr 15

If you bought a home recently, you had some of the worst timing in decades

Soaring housing costs have put recent homebuyers at a steep disadvantage. The effects could warp America's real estate market for decades.

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Business news • Apr 15

OpenAI Launches GPT-5.4-Cyber with Expanded Access for Security Teams

OpenAI on Tuesday unveiled GPT-5.4-Cyber, a variant of its latest flagship model, GPT‑5.4, that's specifically optimized for defensive cybersecurity use...

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Business news • Apr 15

Snap's crucible moment

Mass layoffs land tomorrow, the Perplexity deal is dead, and Specs are launching soon. Also: OpenAI has a cyber model too, Apple can tell Elon what to do,...

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