Business

Saks emerges from bankruptcy with a new name and a leaner store footprint

Luxury retailer Saks Global on Friday announced it will operate with a new name after it exited bankruptcy after cutting its store count and reducing its debt obligations. The company – which is the parent of notable retail brands including Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman – will…

Newsom’s office touts Anthropic ‘partnership,’ 50% discount on Claude AI for California agencies, localities

California state agencies and local governments may access Anthropic’s Claude artificial intelligence platform at a 50% discount, Democratic Gov. Gavin Newsom’s office said on Monday. “Through the agreement, state agencies may access Anthropic’s AI productivity assistant, Claude, at a 50% discounted price, coupled with free workforce training as well as…

Ford rehires experienced engineers after AI misses the mark

Ford has rehired experienced human engineers to help address the shortcomings of artificial intelligence (AI) tools meant to tackle quality issues in the automaker’s production processes. The hiring push helped Ford top the JD Power 2026 U.S. Initial Quality Study (IQS) for the first time since 2010 amid improvements in…

Supplements sold online through major retailers recalled nationwide over potential salmonella risk

Organic moringa supplements sold through major online retailers including Amazon, Walmart, Target and TikTok Shop are being recalled nationwide after a supplier identified a potential salmonella contamination risk. New York-based Total Nutrition Inc. voluntarily recalled two TNVitamins organic moringa products after its supplier recalled the raw organic moringa ingredient because…

Supreme Court rules on Trump’s attempt to fire Fed governor Lisa Cook

The Supreme Court on Monday dealt a blow to President Donald Trump’s effort to remove Federal Reserve Governor Lisa Cook, preserving long-standing protections that shield the central bank from political interference. The nation’s highest court, in a 5-4 decision, rejected Trump’s bid to remove Federal Reserve Gov. Lisa Cook while…

Airbnb deploys anti-party technology ahead of July 4 weekend

Airbnb is rolling out its anti-party technology ahead of the July 4 weekend to address the risk of disruptive parties in communities around the country on one of the busiest travel weekends of the year. The company said its anti-party tech looks at a range of factors to help identify…

California cracks down on loud streaming ads under new state law

California viewers fed up with blaring streaming ads may soon get some relief. Starting this Wednesday, July 1, streaming platforms serving California consumers will be barred from running commercials at a higher volume than the shows, movies or other video content they interrupt.The bill, SB 576, was signed into law…