Business

NBC News reports: Fabrics outlet Joann will shutter all of its approximately 800 locations after failing to find a buyer who would keep its stores open. In a statement, the company said it would commence nationwide going-out-of-business sales as a stipulation of the group that won its assets at auction. Joann listed some 19,000 employees, most of them part-time, when …

CNBC reports: Denny’s will temporarily add surcharges to meals that contain eggs as Americans contend with a shortage of the staple food item, the restaurant chain said Monday. The company said the size of the surcharge will vary across its approximately 1,500 locations. It marks the latest shift for consumers and businesses alike as they grapple with the bird flu’s …

Axios reports: Apple on Monday morning announced plans to invest more than $500 billion in the U.S. and hire 20,000 people over the next four years, with expansion and construction planned from coast to coast. The new jobs will focus on research and development, silicon engineering, software development, and AI and machine learning. Apple plans to greatly expand chip and …

Investing.com reports: Tesla Inc. is issuing a recall for 376,241 vehicles, according to a notice filed with the National Highway Traffic Safety Administration. The recall involves certain 2023 Model 3 and Model Y vehicles that are operating on software versions prior to 2023. The issue lies with the printed circuit board for the electronic power steering assist. This component may …

Bloomberg News reports: Trump Media & Technology Group Corp. rewarded employees with more than $107 million in stock last year as revenue declined and it posted a $401 million loss, according to an annual report posted after markets closed Friday. Revenue slipped more than 12% to $3.6 million while its annual loss swelled more than six-fold. The results boosted the …

The Washington Post reports: Amazon plans to unveil a revamped version of its Alexa virtual assistant in New York later this month — the second launch event after a series of delays since the artificial-intelligence-powered upgrade was first announced in September 2023. Amazon staff learned of the new delay, which is due in part to the new version of the …

The New York Times reports: President Trump signed a memorandum on Thursday ordering his advisers to calculate new tariff levels for other countries globally, an ambitious task that will shatter the rules of the global trading system and likely set off furious negotiations in the coming months. The president directed his advisers to come up with new tariff levels that take …

Houston’s ABC affiliate reports: Major cuts appear to be coming for a huge Houston business. Chevron announced it’s planning to cut 20% of its workforce between now and the end of next year. The energy giant, which is headquartered in Houston, employs more than 40,000 people around the world, meaning cuts would be in the thousands. It’s unclear how many, …

The Associated Press reports: Egg prices hit a record high as the U.S. contends with an ongoing bird flu outbreak, but consumers didn’t need government figures released Wednesday to tell them eggs are terribly expensive and hard to find at times. The latest monthly consumer price index showed that the average price of a dozen Grade A eggs in U.S. …

ABC News reports: Joann, the fabrics and crafts retailer, is shutting down hundreds of its stores nationwide as part of its bankruptcy proceedings. The company filed a motion in court on Wednesday seeking approval to begin closing approximately 500 locations. In a statement to ABC News, the company’s spokesperson said the move is “part of the ongoing Chapter 11 process …

Ars Technica reports: Google’s Chrome browser might soon get a useful security upgrade: detecting passwords used in data breaches and then generating and storing a better replacement. Google’s preliminary copy suggests it’s an “AI innovation,” though exactly how is unclear. Chrome already has a feature that warns users if the passwords they enter have been identified in a breach and …

Indiana Public Media reports: Another commercial egg producer in Indiana has been hit with the bird flu. The Indiana State Board of Animal Health announced Monday that 912,000 egg-laying hens have been affected and are under quarantine in Jay County. The farm under quarantine has not been revealed publicly. Since the start of the year, it’s the fourth flock in Jay …

The Associated Press reports: Zhang Yazhou was sitting in the passenger seat of her Tesla Model 3 when she said she heard her father’s panicked voice: The brakes don’t work! Approaching a red light, her father swerved around two cars before plowing into an SUV and a sedan and crashing into a large concrete barrier. Stunned, Zhang gazed at the …

Axios reports: President Trump’s early tariff moves have one thing in common: No matter the target, they all threaten to “blow a hole” in the auto industry, Ford CEO Jim Farley said Tuesday. “So far what we’re seeing is a lot of costs and a lot of chaos,” Farley said at a Wolfe Research conference on Tuesday.”Let’s be real honest …

From the Wall Street Journal editorial board: President Trump gave the economy another jolt of uncertainty on Monday when he signed executive orders imposing 25% tariffs on all steel and aluminum imports. His advisers say these tariffs are economically “strategic” rather than a bargaining chip for some other goal. Is the strategy to harm U.S. manufacturers and workers? That’s what …

CNBC reports: Google’s popular online and mobile calendars no longer include reference to the first day of Black History Month or Women’s History month, among other holidays and events. The company’s calendar previously had those days marked at the start of February and March, respectively, but they don’t appear for 2025. On Google Calendar, the company has removed other events …

CNN reports: Costco and Trader Joe’s are limiting the number of eggs customers can buy because of a shortage caused by the avian flu. Videos on social media platforms like TikTok and X show people stocking up on huge amounts of eggs and showing signs at stores about limits. “Due to ongoing issues with the supply of eggs, we are …

Mother Jones reports: An analysis published Thursday by the auto news website FuelArc found that, in their one year of existence, the approximately 34,000 Cybertrucks on the roads had five fire fatalities, giving them a fatality rate of 14.5 per 100,000 units. That’s 17 times the fatality rate of the Ford Pintos, whose famously flawed gas tank design on the …

Reuters reports: Elon Musk told investors in late January that Tesla would roll out “autonomous ride-hailing for money” by June in Austin, Texas — a state where the company faces almost no regulation, raising questions about how much safety and legal risk Tesla is willing to take on as it deploys unproven driverless technology on public streets. Tesla has long …

Atlanta’s Fox affiliate reports: Atlanta’s hometown airline, Delta, says it is committed to its DEI program despite it being on the chopping block at other companies and within the federal government. Delta’s commitment to DEI comes as President Trump ends programs in the federal government. Last month, Trump’s executive order said “illegal DEI and DEIA policies not only violate the …