More than 90,000 Jeep Grand Cherokee plug-in hybrid vehicles from model years 2022 to 2026 are being recalled by Stellantis due to a software malfunction that could cause a sudden and unexpected loss of drive power. The issue stems from an overloaded microprocessor in the Battery Pack Control Module, which can lead the Hybrid Control Processor to misinterpret signals and result in propulsion failure, potentially … Continue reading More than 90,000 Jeep Grand Cherokees recalled over potential loss of drive power

The Department of Justice has launched a criminal investigation into Federal Reserve Governor Lisa Cook following two referral letters from Federal Housing Finance Agency Director Bill Pulte concerning her properties in Georgia and Michigan. Investigators are issuing subpoenas and convening grand juries in both states. The probe comes amid President Trump’s effort to fire Cook “for cause,” which she is legally challenging. Pulte alleges Cook … Continue reading Justice Department opens criminal investigation into Federal Reserve Governor Lisa Cook

Lululemon shares fell over 12% in after-hours trading Thursday after the company issued a weaker-than-expected full-year outlook. While second-quarter earnings beat estimates at $3.10 per share, revenue of $2.53 billion slightly missed expectations. The company blamed tariffs, projecting a $240 million hit to profits, and lowered full-year EPS guidance to $12.77–$12.97 versus $14.45 expected, with revenue forecast at $10.85–$11 billion versus $11.18 billion anticipated. Same-store … Continue reading Lululemon shares plunge as earnings guidance falls well short of estimates

Tesla has proposed a new compensation plan for CEO Elon Musk that could pay him up to $1 trillion if he meets ambitious targets over the next decade. The plan, detailed in an SEC filing, requires Tesla to reach an $8.5 trillion market cap, deliver 20 million cars, produce one million Optimus robots, deploy one million robotaxis, gain 10 million Full Self-Driving subscribers, and grow … Continue reading Tesla is proposing a $1 trillion pay package for Elon Musk

Newsmax is suing Fox News in a Florida federal court, alleging anticompetitive tactics to suppress rival conservative networks. The complaint claims Fox uses exclusive content deals, financial penalties, and intimidation to block competitors. Newsmax seeks a ruling declaring Fox’s actions unlawful and monetary damages. Fox dismissed the claims as a response to Newsmax’s own competitive struggles, the BBC has reported. Newsmax, valued at $1.8B, has … Continue reading Newsmax sues Fox News in battle of TV networks

Figma shares dropped 14% after its first post-IPO earnings report, posting breakeven EPS and $249.6M revenue, up 41% YoY. Net income was $846K, with $11.5M in adjusted operating income. Q3 revenue is projected at $263–$265M, above consensus, and full-year revenue just over $1B. Growth is driven by Dev Mode, new AI tools, and acquisitions, CNBC has reported. The company has 1,119 large customers, a 129% … Continue reading Figma’s stock plunges after company’s first earnings report since IPO

American Eagle Outfitters’ recent celebrity campaigns, featuring “Euphoria” star Sydney Sweeney and Kansas City Chiefs tight end Travis Kelce, have boosted brand awareness, engagement, and customer acquisition nationwide, according to the company’s executives. The Sweeney campaign, launched in late July, generated notable attention and controversy for its imagery and messaging, while search interest and website traffic rose significantly. For the fiscal second quarter ending Aug. … Continue reading American Eagle Credits Sydney Sweeney Ads for ‘Brand and Business Reset’

McDonald’s is bringing back its “Extra Value Meals” on Sept. 8, offering budget-friendly options like a $5 sausage and egg McMuffin meal and an $8 Big Mac meal, along with other items such as McGriddles, Chicken McNuggets, and McCrispy sandwiches. The move aims to attract cost-conscious customers amid inflation and declining restaurant traffic, especially among low-income consumers. The initiative follows previous value-focused efforts like the … Continue reading McDonald’s revives Extra Value Meals as it tries to woo budget-conscious diners

Disney will pay $10 million to settle FTC allegations that it improperly collected children’s personal data by failing to label certain YouTube videos as “made for kids,” violating the Children’s Online Privacy Protection Act (COPPA). The videos included content from Coco, Frozen, Toy Story, and The Incredibles. The settlement requires Disney to implement a program to review and correctly label videos for children, while the company emphasized the agreement … Continue reading Disney to pay $10 million to settle FTC lawsuit over collecting kids’ data

Nestlé has abruptly fired CEO Laurent Freixe, a year into his tenure, for failing to disclose a romantic relationship with a subordinate, violating company conduct rules. Philipp Navratil, former head of Nespresso, has been appointed as his immediate successor. The dismissal follows two internal investigations and comes amid a challenging consumer market and ongoing U.S. trade disruptions. Freixe will not receive an exit package, CNN … Continue reading Nestle abruptly removes CEO Freixe over undisclosed relationship with subordinate

Kraft Heinz will split into two companies, reversing much of its $46 billion 2015 merger. One company will focus on shelf-stable meals, including Heinz, Philadelphia, and Kraft mac and cheese, with $15.4 billion in projected 2024 sales. The other will hold North American staples like Oscar Mayer, Kraft singles, and Lunchables, with $10.4 billion in projected sales. The split aims to simplify operations, better allocate … Continue reading Kraft Heinz Is Splitting Into Two Companies

Gold prices hit a record high above $3,500 an ounce as investors flock to safe-haven assets amid inflation, weakening currencies, and geopolitical risks. The surge, nearly doubling gold’s value since early 2023, comes as central banks shift reserves from U.S. treasuries to gold. European bond yields also spiked to multi-year highs, pressuring markets and governments, while the pound and European stocks fell, The Guardian has … Continue reading Gold price hits record high as investors seek safe haven

Suntory Holdings CEO and chairman Takeshi Niinami, 66, has resigned after allegations he purchased supplements containing illegal THC substances. Niinami, a high-profile figure in Japanese business and politics, maintained he believed the supplements were legal. Japanese authorities had searched his Tokyo home as part of an investigation into cannabis-derived products, CNN has reported. His resignation, effective September 1, was accepted by Suntory, with the company … Continue reading CEO of Japanese drinks giant Suntory resigns following drug probe

Health officials are investigating a salmonella outbreak linked to eggs from California-based Country Eggs LLC, which has sickened 95 people across 14 states, including 73 cases in California. Eighteen people have been hospitalized, with no deaths reported. The recalled eggs, sold under multiple brand names and packed for food service, were distributed from June 16 to July 9. Salmonella infection causes diarrhea, fever, and stomach … Continue reading Salmonella outbreak linked to eggs sickens 95 people, CDC says

Microsoft has fired two employees, Riki Fameli and Anna Hattle, who broke into President Brad Smith’s office during a protest against the Israeli military’s alleged use of the company’s software in Gaza. The protest, organized by the group No Azure for Apartheid, involved employees and former employees demanding that Microsoft end its support for Israel. Microsoft cited serious policy breaches and said it is cooperating … Continue reading Microsoft fires two employees over breaking into its president’s office

Federal Housing Finance Agency Director Bill Pulte filed a second criminal referral with the DOJ against Federal Reserve Governor Lisa Cook, alleging she misrepresented the status of a Cambridge condominium and two other homes in government ethics filings. The move supports President Trump’s effort to fire Cook, whom he previously targeted over alleged false mortgage claims. Cook has sued Trump to block her removal, CNBC … Continue reading Trump housing director Pulte lodges new criminal referral for Fed Governor Lisa Cook

Lego reported its best first half ever, with revenue up 12% to $5.4 billion and operating profit rising 10% to $1.4 billion. Growth was driven by new products, including botanical sets, licensed collections like One Piece and Bluey, and partnerships such as Epic Games’ Fortnite. The company launched a record 314 new sets and plans a multiyear Pokémon collaboration starting in 2026, CNBC has reported. Lego also expanded … Continue reading Lego hits record revenue in first half of 2025

Norway’s $2 trillion sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), has divested from Caterpillar and five Israeli banks over concerns about their roles in rights violations linked to the West Bank conflict. The fund cited Caterpillar bulldozers used in the destruction of Palestinian property and Israeli banks’ financing of settlement construction deemed illegal under international law. The move comes amid political pressure … Continue reading World’s largest sovereign wealth fund exits Caterpillar and five banks

Cracker Barrel responded Monday to backlash over its new logo, which drops the “Uncle Herschel” character and the phrase Old Country Store, leaving only the name against a yellow barrel outline. Critics called the rebrand bland and un-American, sparking social media outrage and a 7% stock drop last week. The company reassured customers that Uncle Herschel will remain on menus, signage, and in stores, and that … Continue reading Cracker Barrel responds to backlash over new logo and rebranding

Asia-Pacific markets fell Tuesday as investors reacted to President Trump’s tariff threats and his move to fire Federal Reserve Governor Lisa Cook. Trump warned of steep levies on China’s rare-earth exports and on countries with digital taxes. Hong Kong’s Hang Seng led regional losses, sliding 1.18%, while Japan’s Nikkei fell 0.97% and South Korea’s Kospi dropped 0.95%. Australia and India also declined. U.S. futures dipped … Continue reading Hong Kong markets lead losses in Asia-Pacific as investors assess Trump’s tariff threats

President Donald Trump’s attempt to fire Federal Reserve Governor Lisa Cook — the first such move in the Fed’s history — is expected to end up before the Supreme Court. Trump claims Cook made false statements on past mortgage applications, but Cook insists he has no legal cause to remove her and plans to sue. Analysts say the case could redefine the limits of presidential … Continue reading Trump’s Cook firing will likely end up in the Supreme Court’s hands

Hertz Car Sales has partnered with Amazon Autos, allowing shoppers to browse, finance, and buy Hertz’s used cars online. The move aims to streamline the car-buying experience and reach customers both online and in person. Hertz, one of the largest U.S. used car dealers, offers brands like Ford, Toyota, Chevrolet, and Nissan, while Amazon Autos gains its first fleet dealer, expanding its vehicle selection nationwide, … Continue reading Amazon Autos teams up with Hertz to sell used cars nationwide

Ether pulled back 6% to $4,548 on Monday after hitting a record high of $4,954 over the weekend, while bitcoin dropped over 1% to $111,502. The recent volatility followed a market surge after Fed Chair Jerome Powell hinted at possible rate cuts, triggering forced selling of $245 million in ETH and $175 million in bitcoin long positions. Ether has been leading the crypto market, supported … Continue reading Ether erases gains after hitting a fresh record over the weekend

Keurig Dr Pepper will acquire Dutch coffee and tea company JDE Peet’s for about $18 billion, aiming to strengthen its struggling U.S. coffee business. The deal, which offers JDE Peet’s shareholders a 33% premium, is expected to generate $400 million in cost synergies over three years. Following the acquisition, Keurig plans to split its beverage and coffee operations into separate U.S.-listed companies, with the coffee … Continue reading Keurig Dr Pepper to buy Dutch coffee company JDE Peet’s in $18 billion deal

Federal Reserve Chair Jerome Powell signaled the possibility of a September rate cut in a Jackson Hole speech, while cautioning that inflation risks remain elevated due to tariffs. He stressed the Fed would not allow temporary price spikes to fuel persistent inflation. Powell also highlighted rising downside risks to employment as job growth slows sharply. Markets reacted positively, with stocks rallying and bond yields falling … Continue reading Fed Chair Powell opens door to September rate cut in Jackson Hole speech