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Pavel Durov Under Investigation After Allegedly Enabling the Use of Telegram for Aiding Fraudsters, Drug Traffickers
Dollar General Revises Sales Outlook Downward as Low-Income Shoppers Tighten Wallets
Dollar General has lowered its sales and profit forecast for the year due to reduced spending by low-income shoppers.
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Shake Shack Shutters 9 Stores Due to Low Performance, Market Changes
Shake Shack is closing nine underperforming locations due to market changes and overlapping store areas, following a portfolio review and SEC filing.
Ford CEO Cites Diverse Beliefs as Company Ends LGBTQ Survey Involvement
Ford Motor Co. has decided to stop participating in an annual LGBTQ advocacy survey and will no longer use diversity quotas for minority dealerships and suppliers.
FDA Approves New Pfizer and Moderna mRNA Vaccines to Combat Latest COVID-19 Variants
The FDA has approved updated mRNA vaccines from Pfizer and Moderna designed to target the KP.2 strain of COVID-19, with new eligibility and availability details amid a summer surge in cases.
Temu Founder Colin Huang Falls from Top Spot as China’s Richest After $21 Billion Loss
Colin Huang, founder of Temu, has lost his title as China’s richest person after a $21 billion drop in net worth, now ranking fourth in the country’s wealth list.
Waymo Expands Fleet with $5 Billion Alphabet Investment, More Driverless Cars on Valley Roads
Alphabet’s $5 billion investment will significantly expand Waymo’s fleet of driverless cars and increase their presence on Valley roads.
Kroger Executive Admits Company Raised Milk and Egg Prices Beyond Inflation Needs
Kroger's top pricing executive testified in court that the company raised milk and egg prices more than necessary to account for inflation, as revealed in a March 2024 email.
Sheetz Opens Doors to First Michigan Store, Early Birds Wait for Hours
Eager customers lined up for hours early Tuesday morning of August 27 to witness the opening of Sheetz's first 24/7 convenience store in Michigan.
Toyota, BMW Set to Expand Fuel Cell Vehicle Partnership, Announcement Expected September 5
Toyota and BMW are set to enhance their collaboration in the fuel cell vehicle sector, with a memorandum of understanding to be signed next week and a formal announcement on September 5.
Lowe’s Faces Backlash Over DEI Efforts, Adjusts Policies Amid Activist Pressure
Lowe’s is scaling back its diversity, equity, and inclusion (DEI) efforts, including ending participation in LGBTQ advocacy surveys and consolidating employee resource groups, following pressure from conservative activist Robby Starbuck.
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