China has tightened export controls on rare earths and related technologies, barring citizens from unauthorized mining overseas and requiring foreign entities to obtain licenses for exports containing over 0.1% of Chinese rare earths or using Chinese technology. The new rules aim to prevent misuse in military or sensitive sectors, denying permits to companies linked to foreign militaries or on export-control lists. Restrictions now extend beyond … Continue reading China expands rare earth export restrictions ahead of possible Trump-Xi meeting

Kroger has recalled two pasta salad products—“Basil Pesto Bowtie Salad” and “Smoked Mozzarella Penne Salad”—due to potential Listeria contamination, the FDA announced Saturday. The salads, made by Nate’s Fine Foods in Roseville, California, were sold across 1,860 Kroger stores in 29 states between Aug. 29 and Oct. 2. Listeria monocytogenes can cause serious infections, with symptoms including fever, headaches, stiff neck, muscle aches, and in … Continue reading Kroger recalls deli pasta salads due to possible listeria contamination

Nearly 4 million pounds of Foster Farms chicken corn dogs have been recalled after pieces of wood were found in the batter, the U.S. Department of Agriculture said Saturday. The recall covers products made between July 30, 2024, and Aug. 4, 2025, and sold nationwide to retailers, institutions, and some government programs. At least five people were injured after eating the contaminated corn dogs, prompting … Continue reading Foster Farms corn dogs recalled after wood was found in batter

OpenAI and chipmaker Advanced Micro Devices (AMD) have announced a major partnership that could give OpenAI up to a 10% ownership stake in AMD. The deal involves OpenAI deploying 6 gigawatts of AMD’s Instinct GPUs over several years, beginning with a 1-gigawatt rollout in late 2026. AMD granted OpenAI a warrant for up to 160 million shares, with vesting tied to deployment milestones and AMD’s … Continue reading AMD stock skyrockets 25% as OpenAI looks to take stake in AI chipmaker

Rite Aid, once one of the largest U.S. pharmacy chains, announced Friday that it has permanently closed all of its remaining stores after years of financial decline. The company, which operated over 2,000 locations as recently as 2023, had struggled under mounting debt and filed for bankruptcy protection twice in less than two years. When it last filed in May 2025, Rite Aid still had … Continue reading Rite Aid shutters all stores after years of financial struggles

Unemployment in September remained largely unchanged at 4.34%, while both layoff and hiring rates slowed, according to new indicators from the Chicago Federal Reserve. The layoff rate held steady at 2.1%, while the hiring rate dipped to 45.2%, down 0.4 percentage points from August. Outplacement firm Challenger, Gray & Christmas reported that layoff announcements fell 37% for the month but total planned cuts for 2025 … Continue reading Report shows hiring at lowest since 2009

OpenAI completed a $6.6 billion secondary share sale, allowing current and former employees to sell stock at a record $500 billion valuation. The deal, which included investors such as Thrive Capital, SoftBank, Dragoneer, Abu Dhabi’s MGX, and T. Rowe Price, involved about two-thirds of the $10.3 billion in authorized shares. The sale follows a previous $1.5 billion transaction with SoftBank in November and solidifies OpenAI … Continue reading OpenAI wraps $6.6 billion share sale at $500 billion valuation

Tesla reported 497,099 vehicle deliveries in Q3 2025, up 7% from the same period last year, though production fell to 447,450 vehicles. Shares dipped more than 3% following the report, ahead of the company’s full financial results scheduled for Oct. 22. The quarter was marked by weak sales in Europe due to consumer backlash against Elon Musk and stronger competition from EV makers like Volkswagen … Continue reading Tesla deliveries rise 7% before EV tax credits expire

Gold surged to a record high on Wednesday as investors sought safe-haven assets amid U.S. government shutdown risks and weak labor data fueling expectations of Federal Reserve rate cuts. Spot gold rose 0.4% to $3,872.87 per ounce, while December futures climbed 0.7% to $3,901.40. The dollar weakened, boosting overseas demand. Analysts cited political uncertainty, a softer labor market, and the prospect of lower interest rates … Continue reading Gold hits record high on U.S. shutdown risks, rate-cut bets

The FTC is suing Zillow and Redfin, alleging the companies struck an illegal deal to suppress competition in online rental advertising. The lawsuit claims Zillow paid Redfin $100 million in exchange for ending contracts with other advertising partners, halting competing ads for multifamily properties for up to nine years, and syndicating Zillow listings on Redfin’s platforms. The FTC argues the deal reduces competition, raises advertising … Continue reading Zillow and Redfin accused of suppressing competition in lawsuit

Charlie Javice, founder of fintech startup Frank, was sentenced to 7 years and 1 month in prison for defrauding JPMorgan Chase by inflating her company’s customer numbers before its $175 million acquisition in 2021. Javice and her chief growth officer were convicted on fraud and conspiracy charges after a jury found that she had created millions of fake accounts to misrepresent Frank’s reach. In addition … Continue reading Startup founder Charlie Javice sentenced to 7 years in prison for defrauding JPMorgan Chase

Jaguar Land Rover plans to gradually resume production after a cyber-attack forced a shutdown on 1 September. The engine facility in Wolverhampton is expected to restart on 6 October, with other UK plants following in a phased approach. Full production may take several weeks to resume, the BBC has reported. JLR said its recovery program is underway, working with cybersecurity experts, the UK National Cyber … Continue reading JLR to resume some manufacturing in coming days after cyber-attack

European stocks rose on Monday as investors weighed the risk of a potential U.S. government shutdown. The Stoxx 600 gained 0.2%, with the FTSE 100 up 0.6%, while Germany’s DAX was flat and France’s CAC 40 rose 0.1%. Lufthansa shares climbed 1.3% after reporting strong free cash flow, earnings targets, and plans to cut 4,000 administrative jobs. Pharmaceutical stocks also advanced, led by Belgium’s UCB … Continue reading European stocks edge higher; Lufthansa plans to cut 4,000 jobs

Starbucks plans to cut around 900 U.S. jobs and close its worst-performing stores in North America, the UK, Switzerland, and Austria as part of a cost-saving and turnaround strategy. CEO Brian Niccol said the closures aim to improve customer experience, reduce wait times, and revive sales, while the company still plans to open 80 new stores in the UK and 150 across EMEA. The U.S. … Continue reading Starbucks to close some US and UK stores

Starbucks plans to cut 900 corporate jobs, close unprofitable stores, and freeze open positions as part of a $1 billion restructuring under CEO Brian Niccol. The company aims to reinvest savings into store improvements, adding staff, renovating 1,000 locations, and introducing a new 32-seat, drive-through prototype in 2026. U.S. same-store sales fell 2% in its latest quarter, and the company expects a 1% reduction in … Continue reading Starbucks to close stores, slash 900 jobs in restructuring plan

NBCUniversal warned it may pull its networks—including NBC, Telemundo, Bravo, CNBC, MSNBC, and USA Network—from YouTube TV if a new distribution deal isn’t reached by Sept. 30. NBCU criticized YouTube TV for demanding “preferential treatment” and said customers could lose access to major shows and sports. YouTube TV responded that NBCU’s rates are too high, promising a $10 credit if content is unavailable. This marks … Continue reading NBC warns customers it may go dark on YouTube TV

Turkish Airlines plans to expand its fleet with 225 Boeing aircraft, including 75 long-haul B787-9/10s and 150 737-8/10MAXs. Deliveries for the B787s are scheduled between 2029 and 2034, with engine and maintenance deals in progress with Rolls-Royce, GE Aerospace, and CFM International. The announcement followed a meeting between Turkish President Erdogan and U.S. President Trump, who recently hinted at easing restrictions on advanced U.S. fighter … Continue reading Turkish Airlines to expand fleet with 225 new Boeing aircraft

Lithium Americas shares soared nearly 95% Wednesday after the Trump administration proposed taking an equity stake in the Vancouver-based mining company. The move comes as Lithium Americas renegotiates a $2.2 billion Department of Energy loan for its Thacker Pass lithium mine in Nevada, a key North American source for electric vehicle batteries. The proposed stake would serve as a cash buffer for taxpayers if part … Continue reading Lithium Americas soars 95% as Trump administration seeks equity stake in Canadian miner

U.S. stock futures dipped Thursday after a record-breaking rally earlier in the week, as investors awaited Friday’s release of the Personal Consumption Expenditures (PCE) index, the Fed’s preferred measure of inflation. The cautious sentiment reflects uncertainty over whether recent market gains are supported by fundamentals, with analysts warning that hotter-than-expected inflation data could weigh on stocks. Economic data on Thursday, including existing home sales, jobless … Continue reading S&P 500, Nasdaq futures down as caution builds ahead of inflation data

Apple has urged the European Commission to repeal or revise the Digital Markets Act (DMA), warning that the legislation could force it to halt some products and services in the EU. The company argued that requirements for interoperability with non-Apple devices are delaying features like live AirPods translation and iPhone-to-laptop screen mirroring, compromising user experience and privacy. Apple also claimed the rules create unfair competition, … Continue reading Apple calls for changes to anti-monopoly laws and says it may stop shipping to the EU

Eli Lilly confirmed on Sept. 23 that it will build a $6.5 billion manufacturing plant in Houston’s Generation Park as part of its domestic expansion. CEO David Ricks joined Texas Gov. Greg Abbott for the announcement, marking an increase from the previously planned $5.9 billion investment. The plant is located within the Sheldon Independent School District. Earlier this year, Lilly filed for a tax abatement … Continue reading Eli Lilly announces plans for $6.5B manufacturing plant in Houston

Alibaba shares surged Wednesday in Hong Kong and U.S. premarket trading after the company announced increased AI investments and new product updates. Hong Kong-listed shares rose over 6% to their highest level since 2021, while U.S. shares jumped 9.3% in premarket trade. CEO Eddie Wu said Alibaba will expand its three-year, 380 billion yuan ($53 billion) AI infrastructure initiative and unveiled the latest Qwen3-Max large … Continue reading Alibaba shares jump 9% in U.S. premarket after CEO unveils plans to boost AI spending

OpenAI, Oracle, and SoftBank announced plans Tuesday to build five new AI data centers in the U.S. as part of the $500 billion Stargate project. OpenAI will open three sites with Oracle in Texas, New Mexico, and an undisclosed Midwest location, while two additional centers will be built in Ohio and Texas with SoftBank. The expansions, alongside existing projects, will bring Stargate’s capacity to nearly … Continue reading OpenAI, Oracle, SoftBank plan five new AI data centers for $500 billion Stargate project

Federal Reserve Chair Jerome Powell said Tuesday that asset prices, including stocks, are currently elevated. Speaking in Providence, Rhode Island, he noted that the Fed monitors financial conditions to ensure policies achieve their goals, acknowledging that equities are “fairly highly valued.” Stocks had rallied ahead of last week’s policy meetings on expectations of an interest rate cut and set record highs following the Fed’s quarter-point … Continue reading Fed Chief Powell says stock prices appear ‘fairly highly valued’

Spirit Airlines plans to furlough roughly 1,800 flight attendants—about a third of its cabin crew—as part of cost-cutting measures during its second bankruptcy in under a year. The airline will first offer voluntary furloughs of six or 12 months, with affected employees retaining medical benefits, before moving to involuntary furloughs starting Dec. 1. About 800 attendants are already on voluntary leave, but the company has … Continue reading Spirit Airlines to furlough 1,800 flight attendants to cut costs in bankruptcy