Business

Ford, Toyota, Igloo coolers, cucumbers highlight May 2025 recalls

Product, auto and food recalls are issued from time to time to alert consumers about possible safety issues. Throughout this month, consumers were told of various products put under recall, including certain ready-to-eat foods and cucumbers that could possibly be contaminated with bacteria. Various auto companies such as Ford, Toyota…

Best Buy lowers revenue outlook for Fiscal Year 2026 due to tariffs

Best Buy released its quarterly earnings report on Thursday detailing its missed revenue earnings and the impact of tariffs on its full-year sales. Matt Bilunas, Best Buy CFO, said in a news release that the company is updating its full-year guidance to reflect the potential impact of the tariffs.”We expect…

Chevron to layoff approximately 200 employees in Texas in 2025

Houston-based Chevron Corp. (NYSE: CVX) says it is laying more than 200 employees in Texas as it is preparing to cut up to 20% of its global workforce by the end of the end of 2026. Chevron informed the Texas Workforce Commission that layoffs would include 185 people at its Deauville Boulevard location, 14…

Fed Chair Powell meets with Trump at the White House

Federal Reserve Chair Jerome Powell on Thursday met with President Donald Trump at the White House for the first time in the president’s second term. “At the President’s invitation, Chair Powell met with the President today at the White House to discuss economic developments including for growth, employment and inflation,” the…

White House economist believes Trump tariff ruling will be overturned as ‘three’ trade deals are in the works

White House National Economic Council Director Kevin Hassett exerted confidence in the Trump administration’s ability to get tariff legalities overturned, adding that three alleged trade deals are awaiting the president’s signature. “Trump does always win these negotiations, because we’re right,” Hassett said on “Mornings with Maria,” Thursday. “We’re right that…

Nvidia, Dell partner with Trump admin to make next-gen supercomputer

Nvidia and Dell on Thursday announced a breakthrough supercomputer powered by artificial intelligence (AI) will launch next year to help drive research at the Department of Energy (DOE). The two companies were awarded a contract by the DOE to develop the new flagship supercomputer at the Lawrence Berkeley National Laboratory –…

Hardee’s franchisee Paradigm sues over termination threats and tech fees

A longtime Hardee’s franchisee and the fast-food chain are in the midst of a legal battle. Paradigm Investment Group, a franchise of over 25 years with more than six dozen Hardee’s restaurants across Alabama, Florida, Mississippi and Tennessee, hit CKE Restaurants Holdings-owned Hardee’s with a lawsuit in mid-April. In the lawsuit,…

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