Consumers sharply curtailed their spending in January, indicating a potential weakening in economic growth ahead, according to a Commerce Department report Friday. Retail sales slipped 0.9% for the month from an upwardly revised 0.7% gain in…
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Egg rationing is here. With prices rising rapidly and showing no signs of slowing anytime soon, some of the nation’s biggest grocery store chains — including Trader Joe’s, Walmart and Costco — have begun limiting the…
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Business
Tariffs would be ‘catastrophic’ for sales of tequila and mezcal, industry group says
by adminThe U.S. spirits industry maintained its market share leadership over beer and wine for a third straight year in 2024, even as revenues slid, according to new data released Tuesday. Spirits supplier sales in the…
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Business
With Trump all-in on crypto, bitcoin bulls bet America’s corporate balance sheets are next
by adminLast week, White House crypto czar David Sacks held his first press conference to discuss the future of crypto policy coming out of the Trump administration. While that will include stablecoin legislation and digital asset regulation,…
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Business
How America’s chief consumer-protection agency came into the Trump administration’s crosshairs
by adminWhen the Consumer Financial Protection Bureau made an appearance in the Heritage Foundation’s Project 2025 blueprint, the conservative group’s plan was simple: Abolish it entirely. Now, with a Project 2025 co-author in charge of the…
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The U.S. is facing a power capacity crisis as the tech sector races against China to achieve dominance in artificial intelligence, an executive leading the energy strategy of Alphabet’s Google unit said this week. The…
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Business
AI-powered sports media company raises $13 million, led by Alexis Ohanian and Giannis Antetokounmpo
by adminScorePlay, an artificial intelligence service for sports clips, has raised $13 million in series A funding, the company announced Tuesday. The sports storytelling platform’s investors include 20VC venture capital fund founder Harry Stebbings, Reddit co-founder…
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Prebiotic soda brand Olipop said Wednesday that it was valued at $1.85 billion in its latest funding round, which raised $50 million for the company. Founded in 2018, Olipop has helped fuel the growth of…
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The U.S. is facing a power capacity crisis as the tech sector races against China to achieve dominance in artificial intelligence, an executive leading the energy strategy of Alphabet’s Google unit said this week. The…
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Elon Musk is leading a group of investors in offering to buy control of OpenAI for $97.4 billion, The Wall Street Journal reported on Monday. The bid is for the nonprofit that oversees the artificial intelligence startup,…