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Business News

PepsiCo revenues soar after slashing prices on Lay’s, Doritos amid 'holistic' company transformation

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16 April 2026
PepsiCo CEO Ramon Laguarta says price cuts of up to 15% on snacks like Lay's and Doritos helped drive the company's first growth in more than a year.
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Allbirds drops sneakers, reinvents itself as an AI infrastructure company

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16 April 2026
Allbirds plans to rebrand as NewBird AI and acquire GPUs to provide AI compute infrastructure after selling its footwear brand for $39 million to American Exchange Group.
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Social Security’s next COLA projection might not go as far as retirees hope

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16 April 2026
A new analysis projects Social Security's 2027 cost of living adjustment at 2.8%, potentially raising the average retiree benefit by about $57 per month.
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Tax fight heats up as New York targets wealthy homeowners

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16 April 2026
New York policymakers push higher taxes on wealthy nonresident homeowners, intensifying the debate over revenue, housing and economic competitiveness.
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  1. Europe has 'maybe 6 weeks' of jet fuel left amid Hormuz blockade, energy agency chief says
  2. PepsiCo says its price cuts are bringing shoppers back
  3. Mortgage rates fall as Iran ceasefire eases market tensions
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