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New Tariffs May Spark Price Hikes At Walmart

Walmart (NYSE: WMT) is warning that it may have to hike product prices after the Trump administration imposed new tariffs on Chinese imports. Earlier this week, the US government imposed 10 percent tariffs on about $200 billion worth of Chinese imports. Walmart is currently the world’s largest retailer and a considerable amount of its business […]

Kroger Shares Fall After Disappointing Earnings Report

Supermarket giant Kroger Co. (NYSE: KR) saw its shares fall nearly 10 percent after reporting disappointing sales results for the second quarter of its fiscal year. In recent months, the company has been taking aggressive steps to refresh its business and its efforts took a toll on same-store sales during the quarter. CEO Rodney McMullen […]

Facebook Announces Plans To Fight Election Interference

Facebook Inc. (NASDAQ: FB) has been promising to make its platform safer from election interference around the world. Now, it seems like there are some concrete plans in place to make this happen. Facebook’s chief executive, Mark Zuckerberg, outlined the plans in a roughly 3,300-word blog post. The November midterm elections in the United States […]

Volkswagen Squashes Beetle Production

Volkswagen has announced that 2019 will be the end of production for the iconic Beetle model. Production of the Beetle is set to end at the factory in Puebla, Mexico, where it’s been built since 1997, in July 2019. The company has been making the Beetle for nearly 70 years. The car was first sold […]

Cancer Deaths Estimated At 10 Million For 2018

The number of people around the world who have cancer is growing rapidly. Researchers estimate that there will be 18.1 million new cases of cancer and 9.6 million deaths from the disease in 2018, according to a new report. This was up from 14.1 million new cases and 8.2 million deaths in 2012, the last […]

Researchers Create Most Accurate Map of Antarctica Ever

Researchers have compiled a new map of Antarctica’s surface from high-resolution photos collected over six years from satellites orbiting hundreds of miles above Earth. The new map, named the Reference Elevation Model of Antarctica (or REMA for short), was created by researchers at Ohio State University. The map was published online by the Polar Geospatial […]

Subway Making $5 Footlong Promotion Optional For Franchisees

The latest move from Subway is sure to please its franchisees while disappointing its customers. Subway franchisees will no longer be required to sell the $5 footlong, according to a new policy from the company. The company’s new CEO, Trevor Haynes, said that franchisees can still offer the deal at their stores if they want. […]

Cervical Cancer Screening Guidelines Updated

Updated guidelines for cervical cancer screening from a government-appointed panel of experts are giving women new options. The US Preventive Services Task Force (USPSTF) said the new guidelines “focus on ensuring that women receive adequate screening, regardless of which strategy is used.” The new guidelines are published in the journal JAMA. It is now recommended […]

Nearly A Quarter Of Americans Have Deleted Facebook App

A new study from the Pew Research Center shows that nearly a quarter of Americans have deleted the Facebook app from their phone in the last year. The study found that 26 percent of the respondents reported deleting the app from their phone. In the 18- to 29-year-old age range, 44 percent of study participants […]

Starbucks Opens First Location In Italy

Starbucks (NASDAQ: SBUX), the world’s biggest coffee chain, is opening an upmarket roastery and cafe in Milan. The store will be the Seattle-based coffee giant’s first location in Italy. The company is also planning to start rolling out regular cafes across Italy this year. The company plans to open four traditional cafes in Milan with […]

US Embassy Worker Attacks May Be From Microwave Weapons

Microwave strikes may have been responsible for the sonic delusions and real brain damage suffered by embassy staff and family members in Cuba and China. Starting in late 2016, more than three dozen American diplomats and family members have reported the baffling symptoms and ailments. The State Department says its investigation had yet to identify […]

Brazil Museum Fire Destroys Irreplaceable Artifacts

A huge fire at Brazil’s National Museum in Rio de Janeiro this weekend destroyed about 20 million items. The museum was one of the largest natural history museums in Latin America. Luiz Fernando Dias Duarte, a museum official, said that anything held in the main building was probably destroyed. No one was reported injured in […]

Defense Department Canceling $300M In Pakistan Aid

The Defense Department will cancel $300 million in aid to Pakistan that was previously suspended. The so-called Coalition Support Funds were part of a US Defense Department program to reimburse allies for costs incurred supporting counter-insurgency operations. The aid has now been canceled over Pakistan’s perceived failure to take decisive action against militants. Military experts […]

Ford Focus Active No Longer Coming To America

Ford Motor Company (NYSE: F) will not be bringing its new Focus crossover to the United States. The company had planned to start shipping the Focus Active to the US later next year, but says that plan no longer makes financial sense. Ford is already selling the model in China and Europe. The automaker announced […]

Pay Raises For Civilian Federal Employees Canceled

Across-the-board pay raises for civilian workers in the federal government have been canceled by President Donald Trump. An across-the-board 2.1 percent pay increase for federal workers was slated to take effect in January. The action means that roughly 1.8 million people won’t get that automatic pay boost next year. In a letter to congressional leaders, […]

Sinclair Files Countersuit Against Tribune Media Over Merger

Sinclair Broadcast Group Inc. (NASDAQ: SBGI) has filed a counterclaim to a lawsuit filed by Tribune Media Co. (NYSE: TRCO) on Aug. 9 over the failure of their planned merger. The merger’s chances of completion dissolved last month after “serious concerns” were raised about a series of side deals that Sinclair had proposed. Sinclair is […]

Trump Accuses Google Of Unfair Search Bias Against Him

President Donald Trump has claimed that Google’s search engine is biased and the results are rigged to feature overwhelmingly negative coverage of him and “others.” The president believes that Google suppresses conservative voices in a manner he called “very dangerous.” He then questioned whether Google’s actions were legal. President Trump posted on Twitter: “Google search […]

Toyota Teams Up With Uber For Self-driving Car Partnership

Toyota Motors Corp. (NYSE: TM) has announced that it is making a $500 million investment in Uber and that the two companies will partner to pursue self-driving vehicles. Both companies have said they consider self-driving technology crucial to their futures. The Japanese automaker and the ride-hailing app company plan to launch their self-driving car pilot […]

US Revokes $200 Million Of Economic Aid To Palestinians

The Trump administration has announced that nearly all the money the United States had planned to spend on aid projects in Palestine this year has been revoked. The State Department notified Congress of the decision on the more than $200 million in economic aid in a brief, three-paragraph notice. In the notice, the department said […]

DNC Curbs Superdelegate Powers With Historic Vote

The Democratic National Committee (DNC) has just voted to enact the most consequential reforms to the party’s nominating process since the 1980s. The more than 400 voting members of the DNC overwhelmingly passed a reform package curbing the influence of superdelegates by a voice vote of acclamation. The reform package also included a host of […]

Microsoft Under Investigation Over Potential Bribery In Hungary

Microsoft Corp. (NASDAQ: MSFT) is reportedly under investigation by US authorities over sales of its software in Hungary being potentially linked to bribery and corruption. According to people familiar with the matter, the Justice Department and the Securities and Exchange Commission are looking into how Microsoft sold software to middleman firms that then sold those […]

Study Says No Safe Level Of Alcohol Consumption

A new study published in the journal The Lancet is claiming that the harms of alcohol greatly outweigh any potential benefits from consumption. The authors of the study found that the risk of developing health issues steadily increased with the number of alcoholic drinks consumed each day. The researchers determined that considering the risks, there […]

PepsiCo Makes Deal For SodaStream

Food and beverage giant PepsiCo (NASDAQ: PEP) has made a deal to purchase Israeli fizzy drink-maker SodaStream for $3.2 billion. The plan calls for PepsiCo to pay $144 cash per SodaStream share using cash on hand. According to reports, the deal was unanimously approved by the boards of directors of both companies. The deal is […]

Administration Redirecting $200M Of Syria Stabilization Funds

The Trump administration has announced that it will be redirecting $200 million in funds slated for Syria stabilization efforts. That money would have had to have been returned to the Treasury Department at the end of this budget year on Sept. 30 if it had remained unspent. State Department spokesperson Heather Nauert said the decision […]

Facebook Accused Of Housing Discrimination

Federal regulators have accused Facebook of allowing landlords and real estate brokers to engage in housing discrimination. A formal complaint filed against the social media company says that it allows the use of targeted Facebook ads to discriminate on the basis of race, sex, religion, disability and other characteristics. In response, Facebook said that it […]

Famous Brazilian Plastic Surgeon Charged With Murder

Prominent Brazilian plastic surgeon Denis Cesar Barros Furtado, also known as “Dr. Bumbum,” has been charged with murder after a patient died following a butt enhancement procedure. Furtado is accused of giving Lilian Calixto a fatal injection of polymethylmethacrylate in his Rio de Janeiro apartment in July. Calixto, 46, fell ill during the procedure and […]

Foreigners Banned From Buying New Zealand Homes

A new law passed by New Zealand’s parliament bans many foreigners from buying most types of existing homes in the country. The Overseas Investment Amendment Bill, which prevents overseas investors from purchasing existing properties in New Zealand, was passed in a 63-57 vote. The new law must still receive royal assent, which is a formality, […]

Tinder Founders Launch $2 Billion Lawsuit Against Match Group, IAC

A group of 10 current and former Tinder employees have launched a lawsuit against InterActiveCorp and Match Group (NASDAQ: MTCH), the owners of Tinder, in New York State Supreme Court in Manhattan. The employees are suing for $2 billion, alleging that the defendants purposely undervalued Tinder before its tie-up with Match to devalue early employee […]

First Sprint 5G Smartphone Coming In 2019

Sprint (NYSE: S) is partnering with LG to release its first 5G smartphone in the US in 2019. William Cho, CEO of LG Electronics North America, said in the announcement, “LG has been working side by side with Sprint for nearly 20 years, and we are looking forward to expanding this partnership with 5G.” The […]

Uproar Erupts Over China’s Treatment Of Muslims

More than a million Muslims are being detained in a network of internment camps in western China for “reeducation”, according to a report from a United Nations human rights committee. Members of the Muslim Uighur community, as well as other Muslim groups, are reportedly being targeted and detained without trial in cases that are happening […]

Monsanto Ordered To Pay $289 million In Roundup Cancer Case

A San Francisco jury has ordered agribusiness giant Monsanto to pay $289 million in a case claiming that its popular Roundup weed killer causes cancer. School groundskeeper Dewayne Johnson was awarded $39 million in compensatory and $250 million in punitive damages. Monsanto, a unit of Bayer AG, faces more than 5,000 similar lawsuits across the […]

Papa John’s Records Big Sales Decline

Papa John’s (NASDAQ: PZZA) recorded a big drop in sales in the latest quarter, stunning investors and analysts. The pizza chain reported that its same-store sales in North America fell 10.5 percent in July and 6.1 percent for the quarter. That was steeper than Wall Street expected, and marked the third straight quarter of declines. […]

Rise Of ‘Snapchat Dysmorphia’ Alarming Medical Professionals

Medical professionals are expressing alarm at the rising number of people requesting surgical procedures to make them look more like their social media photos. The vast array of filters and editing options available today are helping people change their appearance to a more idealized version of themselves and then they want to also look that […]

Plan To Roll Back Fuel Economy Standards Proposed

Environmentalists are deeply concerned about the Trump administration’s proposed rollback of previously-established fuel efficiency and emissions standards. The EPA and the National Highway Traffic Safety Administration have released a new proposed rule that would freeze fuel economy standards for new vehicles at their 2020 levels for six years instead of allowing them to ratchet up […]

Suspected Russian Agent Found In US’s Moscow Embassy

A suspected agent for the Russian government has been found working in the US Embassy in Moscow. The unidentified Russian woman worked for the Secret Service as a liaison between the agency and Russia’s law enforcement and intelligence agencies. The suspect reportedly worked in the embassy for more than a decade. A routine investigation in […]

Some Kroger-owned Stores Banning Visa Credit Cards

Supermarket chain Kroger Co. (NYSE: KR) has announced that it is banning Visa credit cards at its Foods Co. stores in California starting August 14. The affected California stores are 21 Foods Co. supermarkets and five gas stations in San Francisco, Sacramento, Fresno and Bakersfield. The stores will still accept all debit cards, including Visa […]

US Weighing Further Increases In Tariffs On Chinese Goods

The proposed tariffs on $200 billion of Chinese goods may be raised from 10 percent to 25 percent, according to US President Donald Trump’s administration. The duties could take effect after the administration draws up its revised, final list of imports that will be affected by the tariffs. Hearings on the matter are scheduled for […]

New TSA Tracking Program Disclosed

The Transportation Security Administration (TSA) has been conducting a tracking program targeting ordinary Americans in airports since at least 2010, according to new reports. The program, called “Quiet Skies,” used small teams of air marshals to watch and record the actions of thousands of unsuspecting Americans before boarding and aboard flights. According to the reports, […]

‘Medicare for All’ Plan Estimated To Cost More Than $32 Trillion

A “Medicare for all” plan to provide universal health coverage to all Americans has been projected to cost the government $32.6 trillion over 10 years. The proposal has been studied by the Mercatus Center at George Mason University in Virginia, which released its analysis this week. However, some backers of the plan are suspicious of […]

Twitter Shares Make Steep Fall

Twitter shares fell 20.5 percent in a single-day drop during this week’s bloodbath for social media companies. It was the worst single day percentage drop since 2014 for the company, and the second worst in Twitter’s history. Before the steep decline, Twitter’s stock had risen 79 percent in 2018. The news comes just after Facebook […]

Doomsday Cult Members Executed Over Subway Attacks In Japan

Japan has executed six members of a Japanese doomsday cult over gas attacks and other crimes committed in the 1990s. The members were the last ones remaining on death row for the crimes. Thirteen members of the group had received death sentences. The first seven were executed about three weeks ago. Justice Minister Yoko Kamikawa […]

Generic Viagra Study Stopped After Eleven Babies Die

A study being conducted in the Netherlands has been halted after nearly a dozen babies succumbed to a serious lung ailment. Dutch doctors were trying to answer whether the active ingredient in the erectile dysfunction drug Viagra could be used to help a particular group of at-risk babies. The study was being headed by Amsterdam […]

Google Releasing New Titan Security Key

Alphabet’s Google (NASDAQ: GOOGL) is releasing a new security key, called the Titan Security Key, to help its customers increase the security of their online accounts. The security keys should work on any device with a USB port or a Bluetooth connection. The company says that the security keys will be available in Google’s online […]

Ryanair Profits Down 20% Amidst Crew Strikes

Ryanair (NASDAQ: RYAAY) reported that its first quarter profit was down 20 percent from the same period last year due to higher fuel costs, rising wages and strikes by some of its crew members. The company posted a profit of 319 million euros ($374.4 million) for the three months to June 30. That was higher […]

General Electric Power Division Profit Plunges

General Electric (NYSE: GE) is facing major issues in its power division. During the second quarter, profit at GE Power, the company’s largest division by revenue, plunged 58 percent year over year. The decline drove overall earnings down by 30 percent last quarter, offsetting strength in other areas of the business. GE CEO John Flannery […]

Bayer Ending Sales Of Essure Birth Control Device

Bayer said that it will stop selling the Essure birth control implant device in the U.S. at the end of the year due to weak sales. The United States was the only country where the device was still being sold. The company has already ended sales of the device in England, Brazil, Canada, France and […]

New York City’s Lawsuit Against Fossil Fuel Companies Thrown Out

A federal judge has rejected New York City’s lawsuit against fossil fuel companies over climate change. The suit brought by the city would have forced fossil fuel companies to pay for some costs of climate change. Similar cases brought by San Francisco and Oakland were thrown out last month. The cases brought by New York, […]

Starbucks Opening Its First Sign Language-Focused Store In US

Starbucks (NASDAQ: SBUX) has announced that it will be opening its first ever signing store in the United States. The company plans to hire 20 to 25 deaf, hard of hearing and hearing partners from across the country to work at the store. All employees of the location will be required to be proficient in […]

Sinclair’s Acquisition Of Tribune Media In Jeopardy

Sinclair Broadcast Group’s acquisition of Tribune Media Company will not be receiving the approval of Federal Communications Commission Chairman Ajit Pai as it’s currently structured, according to a statement released by the agency. The proposed $3.9 billion deal has been under regulatory review since May of 2017 and, until recently, was seen as likely to […]

Adidas Embraces Sustainability With Recycled Plastic Pledge

Adidas has made an announcement that it plans to only be using recycled plastics by 2024. Starting this year, the company will stop using virgin, or newly manufactured, plastic in its clothing, offices, retail outlets, warehouses and distribution centers. The move will save an estimated 40 tons of plastic annually, according to a statement from […]