Business

Bed Bath & Beyond’s Executive Chairman Marcus Lemonis announced on Wednesday that the company won't open or operate retail stores in California, saying the decision "isn’t about politics – it’s about reality." Lemonis said in a statement posted on X that the decision was driven by the fact that the company wouldn't be able to sustain operations in the state due to higher taxes, higher fees and higher wages coupled with […]

McDonald's franchisees will cut the cost of combo meals to revive the chain’s image as an affordable option at a time when many consumers are keeping a close eye on their wallets.After weeks of discussions, McDonald’s and its U.S. franchisees agreed to keep the cost of eight popular combo meals 15% lower than if the items were bought separately, according to company materials seen by The Wall Street Journal. The […]

President Donald Trump this week launched twin attacks on social media against Federal Reserve Chair Jerome Powell and Federal Reserve Governor Lisa Cook.On Tuesday, Trump said Powell is "hurting" the housing industry as he repeated his call for the Federal Reserve to cut interest rates. Trump's latest attack comes ahead of Powell's Friday speech at the annual Jackson Hole central banking symposium."Could somebody please inform Jerome ‘Too Late’ Powell that he […]

President Donald Trump on Wednesday called for the resignation of a Federal Reserve governor after one of his allies submitted a referral requesting that she be investigated for mortgage fraud.Federal Housing and Finance Agency (FHFA) Director Bill Pulte on Wednesday posted a copy of a referral he sent to the Department of Justice regarding mortgage fraud allegations against Federal Reserve Governor Lisa Cook. The news was first reported by Bloomberg.Trump […]

Federal Reserve Chair Jerome Powell will deliver a keynote address at the annual Jackson Hole event on Friday at a crucial time as the economy anticipates the central bank's next interest rate cut and as his tenure at the helm of the Fed winds down.Powell's speech in the spotlight at Jackson Hole is expected to be his last as Fed chair, as his term expires in May 2026 and President Donald Trump […]

The U.S. Food and Drug Administration (FDA) on Tuesday said it is actively investigating after a shipment of Walmart shrimp tested positive for a man-made radioactive material. U.S. Customs & Border Protection (CBP) alerted the FDA to the detection of Cesium-137 (Cs-137) contamination in shipping containers and frozen shrimp products processed in Indonesia at four U.S. ports, including Los Angeles, Houston, Miami, and Savannah, Georgia, according to a news release from […]

Google, Kairos Power and the Tennessee Valley Authority have agreed to supply 50 megawatts of nuclear power to data centers in Tennessee and Alabama.The companies say the deal will help meet rising U.S. energy demand and advance the nation’s role in next-generation nuclear power.Under the agreement, Kairos’s Hermes 2 Plant in Oak Ridge will feed up to 50 megawatts into the TVA grid that serves Google’s facilities.The deal makes TVA […]

President Donald Trump on Tuesday blasted an appeals court's decision to temporarily block federal officials from completing a land transfer needed for Rio Tinto and BHP to develop Arizona's Resolution Copper project.In a Truth Social post, the president said, "A Copper Mine in Arizona, ‘Resolution,’ was just delayed by a Radical Left Court for two months — 3,800 Jobs are affected, and our Country, quite simply, needs Copper — AND […]

Costco’s decision to switch from Pepsi to Coca-Cola became a viral conversation when the membership warehouse club announced it was making the swap from one carbonated soft drink to the other. Members were mixed on social media as the swap was finalized by Tuesday, with some saying on a Reddit thread that "Pepsi tastes like flat Coca Cola" and "Hot dogs don’t taste the same anymore without Pepsi."COSTCO QUIETLY UNVEILS A […]