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Why MacKenzie Scott’s Record-Breaking $70 Million Donation Is a Turning Point for Seniors”



The billionaire philanthropist’s gift to Meals on Wheels is her latest act of generosity in a giving streak that has now surpassed $26 billion.

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Ben & Jerry’s: Free Cone Day (4/16/26)


The Offer

Direct Link to offer

  • Ben & Jerry’s is offering a free scoop of ice cream on 4/16/26 between noon and 8 pm local time.

Our Verdict

Free is free. Most locations are usually pure chaos but hard to argue with the price.

Here's What Happens When You Cancel a Credit Card With a $10,000 Limit

Image source: Getty Images

The card sitting untouched in your drawer might be doing more for your credit score than the one you use every day.

Your credit score is heavily impacted by your total available credit and your length of credit history. A $10,000 limit you never touch is still $10,000 of available credit working quietly in your favor.

Cancel it, and that $10,000 is gone.

Your utilization ratio takes an immediate hit

When you close a credit card, you lose the available credit on that account. That increases your overall credit utilization ratio, which is the percentage of your total revolving credit you’re currently using.

The $10,000 number is where it gets concrete. Say you carry $3,000 in balances across your other cards and you have $20,000 in total available credit right now. Your utilization is 15%, which is well inside the range that helps your score. Cancel the $10,000 card, and your available credit drops to $10,000. Same $3,000 in balances, but now your utilization is 30%. That’s the threshold where it really starts working against you.

The impact is more significant when you cancel a card with a high credit limit. A $2,000 limit card barely moves the needle. A $10,000 card can move it quite a bit. If you’re thinking about canceling a card, it’s worth knowing what else is out there first. Compare some of the best credit cards available right now before you make a decision.

Your credit history could eventually shorten

Closed accounts do not immediately reduce the average age of your credit accounts. A card closed in good standing stays on your credit report for 10 years and continues to factor into your score the whole time.

The age hit comes later, when the account finally drops off. If you have four cards open for 10 years, five years, four years, and one year, your average age is five years. Close the 10-year account and the average drops to two and a half years. If the card you’re canceling is also your oldest account, that future drop is worth thinking through before you close it.

What to do instead

You may be able to ask for a product change and switch to a card in your issuer’s collection with a lower annual fee while keeping the original account history on your credit report. Card providers sometimes lower fees or offer additional rewards to get cardholders to stay.

If the card has an annual fee you don’t want to pay anymore, ask about a downgrade before you close it. Chase, Citi, and most major issuers have no-annual-fee versions of their paid cards. You keep the account age, you keep the credit limit, and the fee goes away.

If you have another card with the same issuer, you may be able to transfer your available credit limit to that card before closing the unused account. That way the $10,000 moves instead of disappears.

If a downgrade is on the table, here are some of the best no-annual-fee credit cards worth comparing right now.

When closing actually makes sense

None of this means you should never cancel a card. It can make sense when the account charges an annual fee you no longer find worthwhile, the card encourages overspending, or you want to simplify a large number of open accounts.

Closing an account hurts, at least temporarily. But the question is whether what you’re getting out of closing it is worth the short-term score hit.

For most cards with a $10,000 limit, the answer is probably: ask about the downgrade first.

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Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.Citigroup is an advertising partner of Motley Fool Money. JPMorgan Chase is an advertising partner of Motley Fool Money. The Motley Fool has positions in and recommends JPMorgan Chase. The Motley Fool has a disclosure policy.

The Fallacy of Concentration | FAJ


The US stock market is more concentrated than it has been in decades, largely due to large technology firms. However, historical evidence, empirical analysis, and theory show that higher concentration does not increase risk or justify portfolio rebalancing.

Like Elon Musk, he coded at 12 and rose to Google CMO—now warns Gen Z AI has made the skill obsolete



Learning to code was once the fast-track ticket to success. It’s the self-taught skill that launched the careers of Bill Gates, Mark Zuckerberg, and Elon Musk. Even former President Barack Obama urged young people to learn to code. But according to one former Google CMO who started coding at 12, AI has just killed it.

Alon Chen built a $2 billion product line at Google by 28, walked away from a seven-figure equity package, and went on to found Tastewise—an AI food intelligence company now trusted by PepsiCo, Nestlé, and Mars. He knows better than most what it takes to make it in tech. And he’s no longer recommending coding as the way in.

“Coding is becoming obsolete. It’s not needed today,” Chen told Fortune. “What’s needed today, more than ever, is creativity and resourcefulness and execution. There is no need to write code anymore.”

His explanation for why is simple: it’s not that technical skills don’t matter. It’s that the tools have democratized them. “You can operate an extremely successful business without having any ability to write even one line of code,” he said.

He’s got a point: Zuckerberg said that AI will be writing all code by this year. At Microsoft, AI is already writing 30% of the tech giant’s code.

And it’s not just coding, Chen went as far as to say all “technology [skills] is almost becoming obsolete.” He suggested Gen Alpha would even be better off leveraging their ice skating skills in the current climate.

Elon Musk and Mark Zuckerberg don’t just have coding in common—they also started out as teenagers

If not coding, then what? Chen’s answer is less Silicon Valley and more old-fashioned: follow your passion, and follow it hard. “What’s needed today, more than ever, is creativity, resourcefulness and execution.” 

Take Chen, for example. After teaching himself to code, he built computers while other kids played—by 15, he already had a thriving business, selling computers to small- and medium-sized businesses across Israel. 

Like him, Gates learned to code around 13, sneaking into his school’s computer lab at night to practice. Zuckerberg had built his first networked software, “ZuckNet” at 12. Musk taught himself BASIC at 10, sold his first video game two years later for $500. 

That early hunger for ambition, Chen said, is far more valuable than any single technical skill. “Starting young with a lot of responsibility was something that built up my characteristic today as an entrepreneur,” Chen said. “You need so much resilience, if at 15 years old, you have so many clients calling you because their business cannot be running and operating, and you need to troubleshoot…”

The tools will change. The skills will evolve. But being able to see an opening, teach yourself what you need, and launch before your competition is still in class is a sure-fire way to get ahead.

He points to his own nephew as proof. At 15, the teenager spotted a gap in the gaming market and started buying and selling player profiles across Telegram and Instagram—no tech degree, no investors, just a niche he cared about. “That’s his passion,” Chen says. “His passion is gaming, and he really thought it was a good idea to make a business out of it.”

His advice to Gen Z? Copy him, Musk, and his nephew. Find a passion—and go hard on that as early as possible. Thanks to AI, he says, this has never been easier. “Are you a roller skater? Do you love fashion? Can you 3D print? Technology is almost becoming obsolete—it’s all about finding what’s really motivating you, and going all the way.”

AI has turned creativity into the new competitive edge

Creativity is the new coding. Chen is far from alone in making this case—and it’s a long-overdue win for the skill that corporate America spent decades telling people wasn’t serious.

Billionaire former PayPal CEO Peter Thiel previously warned that AI is a bigger threat to technical roles than to creative thinkers. And the data is already proving him right.  

IBM’s research highlights that there is now a “premium on creativity,” with innovative thinking among the most prized qualities in the workplace. 

It’s a shift Snowflake’s CEO predicted in Fortune late last year: once AI handles execution, the only thing left to compete on is the quality of your thinking. “In 2026, as execution becomes commoditized, strategic thinking and vision will separate high-performing organizations from the rest.”

It’s already showing up in the jobs market too. LinkedIn’s Skills on the Rise 2026 report—which tracks the fastest-growing skills in the U.S.—found surging demand for communication and creative thinking. In fact, a LinkedIn spokesperson told Fortune that job postings mentioning “storytellers” have doubled over the past year alone. 

In a sharp U-turn away from STEM, the arts kids are having their moment—and the salaries are finally catching up.

Anthropic was just hiring for a head of product communications with a listed $400,000 salary; Netflix was offering between $656,000 and $1.2 million for a senior director of communications; And McKinsey global managing partner Bob Sternfels recently told Harvard Business Review that AI has a problem solving limit, so now it’s “looking more at liberal arts majors, whom we had deprioritized, as potential sources of creativity.”

Goldman extends borrowing run with $6.5 billion bond sale



(Bloomberg) — Goldman Sachs Group Inc. raised $6.5 billion from a US investment-grade bond sale, extending a borrowing spree that included a record debt offering earlier this year.

Processing Content

The deal tested investor appetite after a surprise drop in the investment bank’s bond-trading revenue overshadowed stronger-than-expected first-quarter earnings, sending its shares lower.

Being a diversified global bank, Goldman Sachs was “broadly seen favorably as a relatively safe haven type of credit,” said Tony Trzcinka, an investment grade portfolio manager at Impax Asset Management.

Pricing tightened by about 0.25 percentage point across its two fixed-rate tranches, according to a person with knowledge of the matter, putting the spread on the longest maturity due in 2034 at 1 percentage point. The offering also had a floating-rate note.

Trzcinka added that pricing on the eight-year bond was “attractive” relative to similar Goldman notes in the secondary market.

Proceeds from Monday’s sale will go toward general corporate purposes, added the person, asking not to be identified because discussions are private.

Goldman led first-quarter debt issuance among Wall Street banks with two deals, including a record $16 billion sale as it locked in historically low spreads over Treasuries. AI disruption fears and Iran war fallout have increased market volatility, making the borrowing environment more challenging.

Banks are set to dominate this week’s projected $40 billion of US investment-grade bond sales, though issuance is expected to slow for the group this quarter after $65.8 billion of notes were priced in the first three months of 2026.

“The big six US banks may have front-loaded 2026 issuance before AI and Iran concerns raised the cost of debt,” Bloomberg Intelligence analysts Arnold Kakuda and Nicole Castelblanco said last week in a note. “The bonds of the biggest US banks may be sensitive to stagflation anxiety, along with growing asset-quality concerns about private credit and their exposure to software loans,” they added.

Goldman’s fixed-income, currency and commodities trading revenue was $4.01 billion in the first quarter, according to a statement Monday. That was more than $800 million below the consensus of analyst estimates compiled by Bloomberg and 10% below year-earlier levels.

The bank also warned investors that its backlog of fees decreased slightly compared to the previous quarter.

Goldman’s sale was the only deal in the US investment-grade market on Monday.

(Updates with deal’s pricing and adds comments starting in the third paragraph.)

More stories like this are available on bloomberg.com



Global Fintech Wise Prepares For Primary US Listing On Nasdaq Next Month Following Steady Q4 Performance


UK based cross-border payments Fintech Wise (LON:WISE) is set to complete its long-anticipated move of its primary stock market listing from London to the United States in May, marking a significant milestone for the fintech company. The shift, which will see the firm establish its main trading hub on Nasdaq while keeping a secondary listing on the London Stock Exchange, comes amid continued momentum in its core business operations.

According to the company’s latest quarterly trading update released on 13 April 2026, Wise delivered steady business growth across key metrics in the fourth quarter of its 2026 financial year.

Cross-border transaction volumes climbed 26 per cent year-on-year (27 per cent at constant currency) to reach £49.4 billion, while the number of active personal customers rose 22 per cent to 11.3 million.

Wise Business customers expanded even faster, increasing 26 per cent to 572,000, with associated business volumes surging 35 per cent.

Revenue growth remained impressive. Underlying income for the quarter totalled £435.3 million, up 24 per cent from the same period a year earlier on both reported and constant-currency bases.

The Fintech company also highlighted growing diversification through its Wise Account product, with customer balances climbing 37 per cent to £29.4 billion and card-related plus other revenues advancing 29 per cent.

For the full financial year, active customers reached 18.9 million (up 21 per cent), driving cross-border volumes to £181.7 billion (up 25 per cent) and underlying income to £1,609.2 million (up 18 per cent reported, 19 per cent at constant currency).

Wise executives noted that the cross-border take rate eased slightly to 51 basis points, reflecting deliberate investments in pricing and product development to fuel future expansion.

The Fintech firm continues to guide toward an underlying profit-before-tax margin at the upper end of its 13-16 per cent range for the full year, even after accounting for costs tied to the listing transition.

Full-year 2026 results will be presented in US dollars under US GAAP, aligning with the impending change in primary market.

The dual-listing strategy was first proposed in June 2025 and received overwhelming shareholder approval in July 2025.

Wise believes the move will enhance visibility among US investors—the company’s largest growth opportunity—improve liquidity, and provide access to deeper capital markets, ultimately accelerating its ambition to become the leading global network for international money movement.

A registration statement has been filed with the US Securities and Exchange Commission (SEC), and the company remains on track for the 11 May 2026 Nasdaq debut.

Co-founder and CEO Kristo Käärmann commented that the firm is making steady progress toward its vision, citing recent infrastructure milestones such as membership in Payments Canada and the launch of a UK current account with a physical presence on London’s Oxford Street.

“More and more people are using Wise for everyday spending, bills, savings and investments,” he said.

Clearly, the relocation move by Wise (formerly doing business as Transferwise) underscores broader trends in the fintech sector, where high-growth companies seek the valuation premiums and investor base often associated with much larger US based exchanges.



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United CEO has pitched possible combination with rival American



United Airlines Holdings Inc. Chief Executive Officer Scott Kirby has floated a possible combination with American Airlines Group Inc., according to people familiar with the conversations, an audacious proposition that would face intense scrutiny even under the business-friendly Trump administration. 

Kirby has pitched the idea to senior government officials, though it’s unclear if any overtures have since been made or if an actual process is underway to explore a deal, according to the people, who asked not to be identified because the conversations are private. 

A spokesman for United Airlines declined to comment, as did officials at American Airlines.

United and American are among the top four US carriers, together controlling more than a third of the market. A combination would create the largest airline on the planet. As a result, any merger between the two aviation giants would pose serious antitrust concerns and likely face significant backlash from consumers, politicians and rival US airlines.

At the same time, the deliberations show how recent market upheaval has brought the possibility of consolidation to the fore. Kirby told employees in a memo last month that the carrier would benefit from any shakeout in the industry as part of rising oil and fuel prices, potentially providing purchase opportunities.

“We’ll be there to pick up some of those assets, might be a win-win for them,” Kirby said in a Bloomberg Television March 24 interview in Los Angeles. Asked if that would mean buying entire companies, he said “we’ll see, there’s lots of rumors about that.” 

For Kirby, a deal involving American Airlines would also be personal. Kirby was previously president of American, but left after it was made clear he didn’t have a path to becoming the carrier’s CEO. Kirby joined United as president in 2016 before rising to the top job.

The two companies have engaged in a continuous exchange of strategic one-upmanship, particularly at Chicago’s O’Hare International Airport, where they’ve battled over gate access and market share.

Kirby has also faulted American Airlines for being too late and too slow to add more premium products, which have proven popular and lucrative at United and Delta Air Lines Inc. 

The United CEO’s considerations come as airlines are grappling with higher jet fuel prices due to the US-Iran war and the effective closure of the Strait of Hormuz, a key passageway for oil transports. Kirby has already responded by taking some capacity out of the market, saying he wants to be prepared for potential cost increases. 

US airline mergers have to be reviewed and approved by the Transportation Department, as well as the Department of Justice. Transportation Secretary Sean Duffy said the government would look at a number of factors when considering potential tie-ups, including the impact on competition — both domestically and globally — and ticket prices. 

“President Trump, he loves to see big deals happen,” Duffy told CNBC on April 7. “Is there room for some mergers in the aviation industry? Yeah, I think there is,” he said. 

However, Duffy added that he wouldn’t “pre-commit to anything.”

He also said if there is a merger between two larger airlines, they’ll have to “peel off” some of their assets because the US doesn’t want to see one carrier with too much market share, which could drive up consumer prices.