Campbell’s cuts 13% of salaried workforce, closes plants as part of turnaround effort
Campbell’s said it has cut 13% of its salaried workforce and closed two snack plants in an effort to improve its operations and return to profitability. “Make no mistake, our results remain unacceptable,” CEO Mick Beekhuizen said. “But instead of waiting for the environment to improve around us, we are addressing reality head-on.” The company […]
E coli blueberry recall expanding to frozen mixed berry packages sold at Walmarts in 16 states
A blueberry recall first reported in July over the risk of E. coli contamination has been expanded to include frozen package mixes of strawberries, blackberries and blueberries sold at Walmart, according to the U.S. Food and Drug Administration. One lot of 10-ounce packages of Great Value frozen Organic Triple Berry Blend has been recalled by […]
Goldman Sachs exec touts Dallas’ ‘really bright future’ as new campus takes shape
EXCLUSIVE: Goldman Sachs is making progress on its new 800,000-square-foot campus in Dallas as it deepens its presence in the city, which has emerged as a key regional financial hub. The firm has a longstanding presence in the Dallas metro area, where it has its second-largest base of employees in the U.S. behind only its […]
LARRY KUDLOW: More on the Bessent economic boom story
Pardon me from again borrowing from my G20 interview with Treasury Secretary Scott Bessent. Yet I really want to repeat my view that the most powerful news story, however unreported, is the emergence of an economic boom that is now cutting across every sector of the landscape. And here is more of what Mr. Bessent […]
Costco quietly pulls popular member perk seemingly without warning: ‘Real bummer for the deals’
Costco Next, an online marketplace Costco members often regarded as one of the retailer’s most coveted hidden perks, has quietly disappeared from the company’s website. The service gave members up to 40% off on certain products not offered at its warehouses. The program featured items from a specific list of vendor partners, ranging from home […]
Popular squishy toys recalled over potentially deadly water bead hazard
More than 15,000 popular children’s squeeze toys have been recalled over serious injury hazards linked to the beads they contain, according to federal regulators. Two recalls have been issued — one for Squeezy Dumplings from GIHNJSI and one for Rainbow Mystery Squishy Buns from OKK Trading. Both products contain water beads, which could expand within a child’s body if […]
National average price for diesel hits new record high amid Iran conflict
The average price for diesel has reached a new record of $5.85 as of Sept. 4, surpassing the prior high of $5.8159 set back in June 2022, according to AAA. The AAA national average for diesel increased from $5.7832 on Thursday to $5.85 on Friday. The month-ago average was $5.3715 and the year-ago average was […]
Treasury yields hover near multi-year highs as energy prices and government debt fuel bond sell-off
Yields on U.S. Treasurys hovered near multi-year highs on Wednesday, as the global bond market experienced a sell-off amid concerns over energy prices keeping inflation elevated as well as government debt burdens. The yield on the benchmark 10-year Treasury note was around 4.8% in the early afternoon on Wednesday, slightly lower than the intraday high […]
AI infrastructure investment projected to top $31T by 2050
The rapid buildout of artificial intelligence (AI) infrastructure is expected to accelerate in the years ahead, with a new analysis projecting investment in the sector will top $31 trillion through 2050. A report by PwC projects that capital expenditures on AI infrastructure will reach $31.6 trillion by 2050 as companies invest in building the computing […]
JetBlue unveils new first-class seating for domestic flyers
JetBlue on Tuesday unveiled a new domestic first-class experience that will be available for booking this fall. The new offering, called BlueFirst, will feature redesigned seats, premium amenities and upgraded seatback technology, the airline said. “Domestic first class has become easy to predict. We think it’s time for a fresh take,” JetBlue CEO Joanna Geraghty […]