Business

Campbell's said it has cut 13% of its salaried workforce and closed two snack plants in an effort to improve its operations and return to profitability."Make no mistake, our results remain unacceptable," CEO Mick Beekhuizen said. "But instead of waiting for the environment to improve around us, we are addressing reality head-on."The company has 4,300 salaried workers, according to The Wall Street Journal. It had approximately 13,700 full-time and part-time […]

Right on cue, the press got ready to print a bad jobs report for August, and then SLAM, the number comes out up 162,000. About three times the Wall Street consensus. Of course, most of Wall Street and their liberal pals in the press just love to ignore eight straight months of Institute for Supply Management manufacturing index increases, and 15 straight monthly ISM services index increases. And tremendous gains […]

The U.S. economy rebounded in August, adding jobs at a solid pace after a surprise decline in July amid economic uncertainty.The Bureau of Labor Statistics on Friday reported that employers added 162,000 jobs in August. That figure was well above the estimate of 56,000 made by economists polled by LSEG.The unemployment rate held steady at 4.1% in August, which was also in line with the expectations of economists polled by LSEG.WHAT […]

The average price for diesel has reached a new record of $5.85 as of Sept. 4, surpassing the prior high of $5.8159 set back in June 2022, according to AAA.The AAA national average for diesel increased from $5.7832 on Thursday to $5.85 on Friday.The month-ago average was $5.3715 and the year-ago average was significantly lower at just $3.7121.TRUMP ANNOUNCES ‘BIGGEST OIL DEAL IN WORLD HISTORY,’ SAYS IT WILL SUBSTANTIALLY LOWER […]

More than 15,000 popular children’s squeeze toys have been recalled over serious injury hazards linked to the beads they contain, according to federal regulators.Two recalls have been issued — one for Squeezy Dumplings from GIHNJSI and one for Rainbow Mystery Squishy Buns from OKK Trading.Both products contain water beads, which could expand within a child’s body if ingested, posing a potentially deadly hazard, the Consumer Product Safety Commission said in its notice. The toys […]

Costco Next, an online marketplace Costco members often regarded as one of the retailer’s most coveted hidden perks, has quietly disappeared from the company’s website. The service gave members up to 40% off on certain products not offered at its warehouses. The program featured items from a specific list of vendor partners, ranging from home goods and luggage to electronics.Shoppers visiting the Costco Next online page are now met with a […]

Pardon me from again borrowing from my G20 interview with Treasury Secretary Scott Bessent. Yet I really want to repeat my view that the most powerful news story, however unreported, is the emergence of an economic boom that is now cutting across every sector of the landscape.And here is more of what Mr. Bessent said to me in response to my growthier point of view: "And as you said, the […]

Nvidia announced Thursday that it will buy AI developer platform Hugging Face in a deal valued at approximately $12.9 billion.The chipmaker is betting that growing demand for the open-source AI models hosted on Hugging Face will fuel future growth, even as some of Nvidia's largest customers develop their own chips to reduce their dependence on the company.Nvidia CEO Jensen Huang said Hugging Face will remain an open-source platform. He estimated […]

The family of a 32-year-old Bank of America vice president fatally stabbed in an apparently random Times Square attack earlier this week is remembering her as a devoted new mother who had just returned from maternity leave the day she was killed.Erin Piacenti was killed Aug. 31, the same day she returned to work after spending five months at home with her newborn daughter, Madison, according to a GoFundMe organized […]