The FDA has escalated a tomato recall in Georgia, North Carolina, and South Carolina to a Class 1 warning—its most serious level—due to possible salmonella contamination. The recall, initiated by Williams Farms Repack LLC, affects tomatoes distributed between April 23 and 28. Although no illnesses have been reported, consumers are urged to return or discard the tomatoes, The Guardian has reported. Salmonella can cause severe … Continue reading FDA issues highest alert for tomato recall due to salmonella risk

European auto industry groups are raising alarms over a rare earth shortage triggered by China’s recent export restrictions. The curbs, imposed in response to U.S. tariffs, have already caused shutdowns at several European supplier plants, with more disruptions expected as inventories run low. Rare earths are essential for both combustion and electric vehicles, and only about 25% of export license applications have been approved by … Continue reading Auto industry sounds the alarm as China’s rare earth curbs start to bite

Kimberly-Clark is selling its Kleenex and tissue businesses outside North America to Brazilian company Suzano for about $3.5 billion, shifting focus to more profitable areas. The deal boosts Suzano’s global tissue market presence. Analysts give Kimberly-Clark (NYSE: KMB) an average price target of $144.13, indicating a modest 4.12% upside from its current price of $138.43. Brokerage firms rate the stock a “Hold” with an average … Continue reading Kleenex-Owner Nears Roughly $3.5 Billion Sale of International Tissue Business

Citigroup has ended a seven-year policy restricting banking services to firearm manufacturers and sellers, originally put in place after the 2018 Parkland shooting to promote responsible sales practices. The bank said many clients now follow these practices, and it will no longer maintain a specific firearms-related policy. The decision drew criticism from gun-control advocates, while White House officials praised it as supporting law-abiding gun owners. … Continue reading Citigroup lifts banking curbs on gun makers and sellers

Dollar General’s shares surged nearly 16% after it raised its sales and earnings outlook, driven by increased spending from middle- and higher-income shoppers amid tariff fears. The retailer beat expectations for revenue and earnings in the first quarter, with net sales now expected to grow 3.7% to 4.7%. CEO Todd Vasos said the company reduced its reliance on China to minimize tariff impacts and has … Continue reading Dollar General is shaking off tariff fears and winning over higher-income consumers

The Federal Reserve has lifted the $1.95 trillion asset cap on Wells Fargo, imposed after a 2016 fake accounts scandal. This marks a major milestone for CEO Charles Scharf, who has focused on cleaning up past issues since 2019. The removal reflects the bank’s progress in addressing regulatory concerns and allows Wells Fargo to pursue growth, especially in investment banking. While the asset cap is … Continue reading Wells Fargo Stock Rises as Fed Lifts Asset Cap After 7 Years