An egg shortage caused by avian flu has led grocery stores like Costco, Trader Joe’s, and Sprouts Farmers Market to limit egg purchases. Trader Joe’s allows only one dozen eggs per customer daily, while Costco has set a three-package limit in stores and a five-dozen cap for online orders. Signs warn of continued shortages, with some stores restricting purchases to four dozen eggs per visit. … Continue reading Costco, Trader Joe’s Impose Egg Rationing As Avian Flu Hits Supply

The Trump administration is rapidly dismantling the Consumer Financial Protection Bureau (CFPB), halting its operations, cutting funding, and closing its headquarters. This move mirrors earlier efforts to weaken the agency, but with Elon Musk’s Department of Government Efficiency (DOGE) aggressively slashing government programs, concerns are mounting over the extent of the damage. Acting CFPB Director Russell Vought has ordered staff to stop work, rejected new … Continue reading Musk, DOGE descend on consumer bureau

Many major U.S. companies are quietly scaling back or removing references to “diversity, equity, and inclusion” (DEI) in their annual reports, a trend linked to growing political pressure. Companies like Google, Disney, Pepsi, and Intel have reduced or eliminated DEI language, often citing reassessments of their programs amid changing political climates, including executive orders from President Trump. Some companies have even cut specific diversity hiring … Continue reading GM, Pepsi, Disney, others scrub some DEI references from investor reports

Consumers grew more concerned about inflation in February, with the University of Michigan’s survey showing expectations for inflation a year from now rising to 4.3%, the highest since November 2023. This jump in inflation concerns followed President Trump’s aggressive tariff actions, including against China, despite delaying tariffs on Canada and Mexico. The survey also revealed a decline in consumer sentiment, with the overall index dropping … Continue reading Consumer inflation fears spike in February as tariff worries hit sentiment

U.S. employers added 143,000 jobs in January, with the unemployment rate falling to 4%. The job growth was slower compared to previous months, and economists had expected 170,000 new jobs. Despite the solid job market, wage growth slightly exceeded expectations, raising concerns about inflation. Trump’s administration is expected to make significant economic changes, including cutting federal jobs, imposing tariffs, and deporting undocumented workers, which could … Continue reading US employers added 143,000 jobs in solid January hiring, jobless rate fell to 4%

Chipotle Mexican Grill exceeded analysts’ earnings expectations with a 13.1% rise in net sales to $2.85 billion, driven by a 5.4% increase in same-store sales. However, the company disappointed investors with a lower-than-expected sales forecast for 2025, citing weaker traffic in January and challenges from weather events like wildfires. Despite a strong performance in 2024, Chipotle anticipates modest same-store sales growth for 2025, with a … Continue reading Chipotle earnings beat estimates, but stock falls on weak same-store sales forecast

Mattel may raise prices on toys like Barbie and Hot Wheels due to new tariffs imposed by President Trump.  The company, which manufactures about 40% of its toys in China, is considering price hikes while also exploring ways to adjust its supply chain to mitigate tariff impacts. Trump recently imposed a 10% tariff on Chinese goods, with a temporary pause on 25% tariffs for Mexico … Continue reading Mattel says Barbies and Hot Wheels could soon get more expensive

Waffle House has introduced a 50-cent surcharge per egg on customer orders due to a nationwide egg price increase caused by an ongoing avian flu outbreak. The chain, which serves 272 million eggs annually, stated that the bird flu has significantly reduced egg supply and caused prices to rise by nearly 40% over the past year. The surcharge will remain until market conditions improve, CNN … Continue reading Waffle House is placing a surcharge on every egg it sells

Eurozone inflation rose to 2.5% in January, surpassing expectations due to a sharp increase in energy costs, according to Eurostat data. Core inflation, excluding food, energy, alcohol, and tobacco, held steady at 2.7%, while services inflation slightly decreased to 3.9%. Energy costs surged by 1.8%, up from a minimal rise in December. Despite the rise in inflation, the European Central Bank (ECB) remains on track … Continue reading Euro zone inflation rises to hotter-than-expected 2.5% in January

Oil prices surged following President Trump’s announcement of tariffs on major trading partners, sparking concerns over supply disruptions. Brent crude rose 1.3% to $76.64 per barrel, and WTI increased 2.3% to $74.20. Starting Tuesday, the U.S. will impose a 25% tariff on imports from Canada and Mexico, including a 10% levy on energy products from Canada and China. The U.S. imports around 4 million barrels … Continue reading Oil Rises as Trump’s Tariffs Raise Supply Fears

Global stock markets dropped, with the dollar strengthening and oil prices rising, after President Trump imposed tariffs on imports from Canada, Mexico, and China. Asian markets, particularly Taiwan, South Korea, and Japan, saw sharp declines, with Japan’s Nikkei Index falling 2.5%. European markets were also hit, with the STOXX 600 index down 1.4%, and major carmakers’ stocks, including GM, Ford, Toyota, and Volkswagen, falling due … Continue reading Global stocks slide as Trump imposes tariffs on imports

The FDA has upgraded a December recall of Lay’s potato chips to its highest risk level, “Class I.” Originally affecting over 6,000 bags of 13 oz. classic chips in Washington and Oregon, the recall was prompted by the presence of undeclared milk, which poses a serious risk to individuals with severe allergies. The upgraded recall now warns that exposure to the product could cause serious … Continue reading FDA upgrades recall of Lay’s potato chips to most serious level

President Donald Trump threatened BRICS member states with 100% tariffs if they attempt to replace the US dollar as the global reserve currency. He emphasized that countries in the bloc, including Brazil, Russia, India, China, and South Africa, must commit to not creating a new currency or backing an alternative to the US dollar. Trump reiterated this position on his social media platform, calling any … Continue reading Trump threatens BRICS with tariffs if they replace US dollar

The new head of the Federal Communications Commission (FCC), Chairman Brendan Carr, has ordered an investigation into NPR and PBS over concerns that they may be violating federal laws by airing commercial-like underwriting announcements. Public broadcasting stations, which the FCC regulates, are prohibited from airing commercials. NPR and PBS executives deny the allegations, asserting that they adhere to FCC guidelines and maintain noncommercial educational programming, … Continue reading Trump-Allied FCC Chairman Opens Investigations Into NPR And PBS

As pressure from conservatives mounts, many companies are scaling back or eliminating diversity, equity, and inclusion (DEI) programs, but some, like Delta Airlines and the Cleveland Cavaliers, are maintaining their initiatives. These companies argue that DEI is vital for both business and moral reasons, citing benefits like innovation and employee retention. While several large corporations, including Walmart and McDonald’s, have reduced DEI efforts, others like … Continue reading From Delta Air Lines to Costco, some companies say they’ll stick with DEI

President Trump renewed his criticism of the Federal Reserve and Chairman Jerome Powell after the central bank left interest rates unchanged at its January meeting. Trump accused the Fed of mishandling the economy and failing to address inflation, which has decreased to 2.9% but remains above the bank’s 2% target. Powell stated that the Fed was cautious about further rate cuts due to economic uncertainties. … Continue reading Trump attacks Fed after no change in interest rates

Europe’s economy stagnated at the end of 2024, with the eurozone’s GDP showing no growth in the fourth quarter, after a 0.4% increase in the third. Germany, Europe’s largest economy, contracted by 0.2% in the final quarter and for the entire year, marking a second consecutive year of shrinking output. The slowdown was driven by concerns over potential trade disruptions under President Trump’s administration, inflation, … Continue reading Europe’s economy showed zero growth at end of 2024

U.S. consumer confidence fell for the second month in a row in January, dropping to 104.1 from 109.5 in December, below economists’ expectations. The decline reflected a weaker outlook on current economic conditions and the labor market. Despite this, consumer spending remained strong, with retail sales rising 0.4% in December. The proportion of consumers expecting a recession stayed low, but there are signs of rising … Continue reading US consumer confidence dips again to start the year

Boeing faced a tough year in 2024, losing nearly $1 billion per month and a total of $11.8 billion, its worst result since the 2020 pandemic. Issues included safety and quality control problems, a damaging strike, and challenges in both its commercial and defense divisions. A door panel failure on a 737 Max and ongoing concerns about past crashes added to its troubles. The company … Continue reading Boeing loses almost $1bn every month in 2024

The Federal Reserve is set to announce its latest interest rate decision, with investors expecting it to hold rates steady, despite President Trump’s call for a reduction. This would pause a series of rate cuts that began in late 2024. While inflation has slowed, it remains above the Fed’s target. Trump has urged the Fed to lower rates, citing the potential for falling oil prices, … Continue reading Fed expected to hold interest rates steady, defying pressure from Trump

JetBlue Airways’ stock dropped on Tuesday after the airline’s financial outlook disappointed investors. The airline forecast a cost increase of up to 10% this quarter, excluding fuel, and estimated revenue could be up to 3.5% higher or as much as 0.5% lower compared to the same period last year. This came as larger competitors Delta and United projected higher revenue growth, CNBC has reported. JetBlue … Continue reading JetBlue shares tumble roughly 20% after disappointing outlook

General Motors exceeded Wall Street expectations for Q4, reporting strong results and forecasting continued success in 2025, despite challenges like slowing industry sales, a restructuring in China, and regulatory uncertainties. Shares fell about 7% following the results, as analysts expressed concerns about the auto industry’s future under the Trump administration. GM’s 2025 guidance includes a projected net income of $11.2 billion to $12.5 billion and … Continue reading GM beats Wall Street estimates, forecasts another year of strong earnings in 2025