Business

Axios reports: Walmart is feeling steady cost pressures from tariffs as it replenishes shelves with higher-priced goods — a squeeze that’s beginning to shape customer behavior, CEO Doug McMillon said Thursday. The impact of tariffs has been “gradual,” McMillon said, but weekly costs are rising as inventory cycles through at post-tariff levels. “Not surprisingly, we see more adjustments in middle- …

Engadget reports: Sony held out longer than Microsoft and Nintendo, but it too is increasing the prices of PlayStation consoles in the US starting on August 21. The standard PS5 (the one with with a disc drive) will now run you $550, up from $500. The Digital Edition is $500, up from $450. The PS5 Pro, meanwhile, will require you …

The Guardian reports: The CEO of Target is stepping down, as the embattled retail giant seeks to turn around its fortunes amid an ongoing customer boycott over its scaling back of diversity, equity and inclusion (DEI) initiatives. Brian Cornell will be replaced next year by Target’s chief operating officer, the company said on Wednesday. Cornell helped re-energize the company when …

ABC News reports: The Food and Drug Administration is warning the public not to eat, sell or serve certain Great Value raw frozen shrimp sold at Walmart due to possible contamination with Cesium-137, a radioactive isotope. U.S. Customs and Border Protection alerted the FDA about possible Cesium-137, or Cs-137, detected in shipping containers at four U.S. ports, the FDA said …

Fortune reports: Across the board, companies like Alphabet, Amazon, Nvidia, and Palantir all increased protection budgets by more than 10% year over year, driven by heightened threats and a worsening security environment for public-facing business leaders. But Meta’s security allocation for Zuckerberg reached more than $27 million in 2024, up from $24 million the previous year. This dwarfs the amounts …

CBS News reports: Air Canada suspended all operations as more than 10,000 of the airline’s flight attendants went on strike early Saturday after a deadline to reach a deal passed. Canadian Union of Public Employees spokesman Hugh Pouliot confirmed the strike had started after no deal was reached, and the airline said shortly after that it would halt operations. “We …

ABC News reports: Coffee sold at Dollar General in 48 states, including Ohio, is being recalled due to the potential presence of glass, according to the U.S. Food and Drug Administration. Dollar General Corporation is recalling three lots of its eight-ounce Clover Valley Instant Coffee. According to the recall alert, the coffee was sold exclusively in Dollar General retail stores …

CNN Business reports: Eastman Kodak, the 133-year-old photography company, is warning investors that it might not survive much longer. In its earnings report Monday, the company warned that it doesn’t have “committed financing or available liquidity” to pay its roughly $500 million in upcoming debt obligations. “These conditions raise substantial doubt about the company’s ability to continue as a going …

CNBC reports: Elon Musk on Monday threatened Apple with legal action over alleged antitrust violations related to rankings of the Grok AI chatbot app, which is owned by his artificial intelligence startup xAI. “Apple is behaving in a manner that makes it impossible for any AI company besides OpenAI to reach #1 in the App Store, which is an unequivocal …

The Verge reports: AOL dial-up is ending on September 30th according to a statement posted on the company’s website. It marks the end of the service that was synonymous with the internet for many since its launch in 1991. “AOL routinely evaluates its products and services and has decided to discontinue Dial-up Internet,” reads the statement by the Yahoo-owned company. …

Axios reports: Democratic and Republican lawmakers are urging Mark Zuckerberg’s Meta to shut down Instagram’s new map feature, calling it a risk to child safety. Lawmakers in both parties have stepped up pressure on social media companies over child safety, warning that location-sharing tools can expose minors to predators. Instagram lets users share their location on the platform and open …

Politico reports: Amazon Web Services is giving the Trump administration a $1 billion coupon to use their services for the federal government’s digital transformation and artificial intelligence capacity. The deal, set to run through 2028, is being framed by administration officials as a cornerstone of both the administration’s AI strategy and its broader effort to modernize government IT systems. Federal …

Reuters reports: Tesla for years had more repeat U.S. customers than any other major automotive brand but its loyalty has plunged since CEO Elon Musk endorsed President Donald Trump last summer. The data, which has not been previously reported, shows Tesla’s customer loyalty peaked in June 2024, when 73% of Tesla-owning households in the market for a new car bought …

The Washington Post reports: Two days after Jeff Fargo’s mother died, he lay in bed, crying, at home in Nevada and opened his laptop to ChatGPT. Her friends had asked about an obituary, so for nearly an hour he typed about her life: that she had been a single mom in a male-dominated world, that she never got the credit …

The Washington Post reports: A jury found Tesla partially liable for a fatal 2019 crash in Key Largo, Florida, and slapped the company with $200 million in punitive damages, a stunning rebuke for CEO Elon Musk’s company, which for years has avoided responsibility when its technology is involved in a crash. After less than a day of deliberation, the eight-person …

The Independent reports: Multiple packagings of High Noon Hard Seltzer are being recalled due to a major labeling issue. The popular drink brand is recalling two lots of its High Noon Beach Variety 12-packs, according to a press release. The recall was issued because some cans, filled with High Noon Vodka Seltzer, were mislabeled as the non-alcoholic Celsius Astro Vibe …

Fox Business reports: Procter & Gamble on Tuesday said it will raise prices on some products sold in the U.S. as it deals with uncertainty over tariffs. Economic volatility and “consumer anxiety” related to President Donald Trump’s tariff policies and immigration crackdown have led consumers to rein in their spending to provide a buffer in their budget, the company’s executives …

The Daily Beast reports: United Airlines has resumed their ‘most hated’ policy of charging solo passengers more. Known as the ‘Single Tax Rule,’ an investigation by Thrifty Traveler found that United Airlines charged single passengers more than those traveling in groups by a price premium of at least 8 percent. The investigation searched for flights for one passenger, and compared …

The New York Times reports: A man armed with a folding knife went on a stabbing spree at a Walmart near Traverse City, Mich., on Saturday afternoon, randomly targeting victims, the authorities said. At least 11 people were being treated for injuries at Munson Medical Center in Traverse City, said Megan Brown, the chief communications officer for Munson Healthcare, which …

CNBC reports: Uber announced a new feature Wednesday that pairs women drivers and riders, in its latest move to address safety on the ride-hailing platform. The new tool, which the platform will begin piloting next month in the U.S., allows women passengers to match with women drivers when booking or pre-booking rides, and create a preference in their app settings. …