WASHINGTON — Vice President Kamala Harris plans to propose the first-ever federal ban on “corporate price-gouging in the food and grocery industries,” her campaign announced late Wednesday. “There’s a big difference between fair pricing in competitive markets,…
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Business
FTC bans fake online reviews, inflated social media influence; rule takes effect in October
by adminThe Federal Trade Commission on Wednesday voted unanimously to ban marketers from using fake reviews, like those generated with AI technology, and other misleading practices to promote their products and services. All five FTC commissioners voted to adopt the…
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Walmart remains cautious about the financial health of its shoppers, but executives at the retail giant do not see a full-blown downturn on the horizon. In an interview with CNBC, Walmart Chief Financial Officer John…
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United Airlines CEO Scott Kirby says he is optimistic about Boeing’s recovery after meeting with the manufacturer’s new chief executive. It’s an upbeat change of tune from the head of United, a top Boeing customer that has been…
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Business
Mortgage refinancing surges 35% in one week as interest rates hit lowest level in over a year
by adminIt appears to have taken a few weeks for current homeowners to realize mortgage rates had dropped dramatically. And when they did, they acted. Applications to refinance a home loan surged 35% last week, compared with the…
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Business
Starbucks is giving incoming CEO Brian Niccol $85 million in cash and stock as he departs Chipotle
by adminStarbucks offered incoming CEO and Chair Brian Niccol a pay bump and hefty one-time awards to lure him from his prior role as chief executive at Chipotle Mexican Grill. Niccol officially takes the reins at the embattled…
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Trader Joe’s is recalling 653,000 scented candles because they pose an elevated fire hazard. In a release on the Consumer Product Safety Commission’s website posted Thursday, Trader Joe’s said the flame on its Mango Tangerine…
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World News
Iranian dissident rapper Toomaj Salehi cleared of charge after death sentence overturned
by adminToomaj Salehi, the Iranian dissident rapper who escaped the death penalty earlier this summer has been cleared entirely of the original charges by a lower court in Isfahan, central Iran. Salehi became a key voice of…
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A German military base near the western city of Cologne was temporarily closed on Wednesday as authorities investigated the possible sabotage of water supplies. The Cologne-Wahn barracks employs around 5,500 people, including 4,300 soldiers and…
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World News
Ukrainians watch their troops’ counteroffensive with mix of satisfaction and fear
by adminAs Kyiv’s forces advance farther into Russia following their surprise incursion last week, Ukrainians living near the border are watching with mixed feelings: a sense of justice combined with fear of what could come next. “We…