Business

One of America’s most popular fast-food chains is under scrutiny as federal and state health officials investigate whether Taco Bell locations may be connected to a rapidly growing cyclosporiasis outbreak.Federal and state health agencies are investigating whether Taco Bell locations may have contributed to a widespread outbreak of cyclosporiasis, a gastrointestinal illness caused by a microscopic parasite, according to two anonymous sources familiar with the investigation who spoke to The […]

Best Buy issued a recall on two models of Insignia gas range stoves after a report that the stoves can be activated by accidental contact with knobs, according to the U.S. Consumer Product Safety Commission. The Chinese-manufactured Insignia Front Control Gas Ranges received the recall on Thursday. The recall affected 3,820 units sold in the U.S. The recall affects two models of the Insignia Front Control Gas Ranges: the models NS-RGFGSS1 and NS-RGFCGS2. "The […]

Federal Reserve Chair Kevin Warsh on Tuesday told House lawmakers that the central bank's policymakers have "no tolerance for persistently elevated inflation" in his first testimony as Fed chief.Warsh said in his prepared testimony for the House Financial Services Committee that concerns about inflation influenced the Fed's decision to hold the benchmark federal funds rate steady at a range of 3.5% to 3.75% at the Fed's June meeting."The Fed's number one objective […]

Shares of IBM were down more than 23% when the market opened on Tuesday, raising fresh questions about whether companies are seeing enough near-term returns from artificial intelligence spending.It is shaping up to be the worst day for IBM in decades, as its second-quarter earnings results showed profit and revenue missed analysts' forecasts.In a letter to investors on Tuesday, CEO Arvind Krishna said IBM's Z mainframe business — its large […]

Volkswagen's leadership is warning that the company may need to cut an extra 50,000 jobs to stay competitive with auto industry rivals, according to an internal memo sent to staff.The German automaker previously announced plans to cut 50,000 jobs across the company, including at its subsidiaries Porsche and Audi, and CEO Oliver Blume said in a memo reviewed by Reuters that further cuts are needed because Volkswagen is operating at […]

Paramount CEO David Ellison is reportedly being pressured to move his business out of California as the state tries to interfere with a planned takeover of Warner Bros. Discovery. Ellison’s Paramount is seeking to acquire Warner Bros. Discovery in a $111 billion deal expected to close during the third quarter of this year. But the mega-merger has irked critics who fear combining two major Hollywood studios would hurt the industry while […]

American families are increasingly being pushed past their financial limits at the grocery checkout counter, turning to credit card debt just to keep food on the table, according to a new study.Data released Monday from the Urban Institute found that a cumulative 32% increase in food costs over the last five years has pushed more than one in four working-age Americans into credit card debt just to cover their regular […]

A new government watchdog report warns that stronger safeguards against fraud are needed in the Obamacare exchanges to prevent bad actors who serve as agents and brokers in the federal marketplace from making unauthorized plan enrollments and changes to get compensation from health insurance providers.The Government Accountability Office (GAO) on Monday released a report showing that the number of consumer complaints about unauthorized plan enrollments and changes grew more than […]

Meta is expanding its massive data center project in Richland Parish, Louisiana, to 5 gigawatts of compute capacity, making it one of the largest data centers in history, the company announced Monday. The expansion pushes Meta’s total investment in the region to more than $50 billion, marking one of the biggest AI infrastructure investments in the world, according to the company.Once operational, the data center is expected to support more than […]