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Kmart to Close Last Full-Sized Store in the US in October
Kmart is closing its last full-scale store in mainland US, marking the end of an era for the once-dominant retailer.
Pinterest CEO Demands National Digital IDs and Age-Verification for Online Safety
Pinterest CEO urges Congress to implement national digital IDs and require operating systems to share age-verification data with apps to protect children online.
SpaceX Aims to Launch Five Uncrewed Starship Missions to Mars Within Two Years, Elon Musk Reveals
Elon Musk announced that SpaceX plans to launch five uncrewed Starship missions to Mars within the next two years, with the timeline for crewed missions depending on the success of these initial flights.
OceanGate Co-Founder Set to Testify in Coast Guard Investigation of Titanic Submarine Disaster
Guillermo Sohnlein, co-founder of OceanGate, is set to testify before the US Coast Guard as part of its investigation into the June 2023 implosion of the company's Titan submersible.
California Phases Out All Plastic Shopping Bags with New Law
California has enacted a new law, signed by Gov. Gavin Newsom, that will ban all plastic shopping bags starting in 2026.
YouTube Ads Will Appear on Paused Videos, Sparking User Concerns
Google will begin displaying YouTube ads on paused videos, expanding its ad strategy despite concerns from users.
Cathay Pacific's A350 Grounding Linked to Potential Fire Hazard, Investigators Warn
Hong Kong investigators found that an engine issue in Cathay Pacific's Airbus A350 jets, which grounded the fleet, could have caused extensive damage and fire hazards.
Social Media Platforms Engaged in 'Extensive Surveillance,' Failing to Protect Minors, FTC Finds
The FTC's recent report reveals that major social media platforms engage in extensive data collection practices that fail to adequately protect young users
Macy's Reduces Holiday Hiring to 31,500 Amid Weaker Consumer Spending Forecasts
Macy's plans to hire 31,500 workers for the upcoming holiday season, fewer than last year, as the company prepares for slower sales growth.
Nike Welcomes Back Elliott Hill as CEO as John Donahoe Retires Amid Company Restructuring
Nike has appointed Elliott Hill as its new CEO, replacing John Donahoe, who is retiring, as the company faces declining sales and stock performance.
Instagram Rolls Out New Privacy Settings With Default Private Accounts for Teens to Enhance Child Safety
Instagram is making teen accounts private by default to enhance safety for users under 18, starting in the US, UK, Canada, and Australia
Boeing CEO Unveils Furlough Plans for Executives, Staff Amid Ongoing Labor Strike to Conserve Cash
Boeing CEO announced the company will begin furloughing a large number of employees to conserve cash during the ongoing union machinists' strike.
GameStop CEO Ryan Cohen Faces $1 Million FTC Penalty for Antitrust Breach Linked to Wells Fargo Acquisition
The FTC has fined GameStop CEO Ryan Cohen $1 million to settle antitrust charges related to his purchase of Wells Fargo shares.
MrBeast, Amazon Face Lawsuit Over 'Beast Games' Show, Citing Pay Denials and Unsafe Work Environment
Five "Beast Games" contestants are suing MrBeast's company and Amazon, citing unsafe conditions, unpaid wages, and sexism.
Sam's Club Employees to See Pay Hikes of Up to 6% as Walmart Expands Worker Benefits
Walmart announced pay raises of 3% to 6% for Sam's Club employees, increasing the starting wage to $16.
Novo Nordisk Predicts Ozempic's Inclusion in Medicare Drug Price Talks by 2027
Novo Nordisk expects its diabetes drug Ozempic to be included in U.S. Medicare's price negotiations by 2027, as allowed by the Inflation Reduction Act.
Elon Musk's Neuralink Receives FDA 'Breakthrough Device' Designation for Vision-Restoring Implant
Elon Musk's Neuralink has been granted the FDA's "breakthrough device" designation for its experimental vision-restoring implant, which aims to expedite its development and review process.
AT&T Agrees to Pay $13 Million to Settle FCC Investigation After Massive Data Breach
AT&T has agreed to pay $13 million and improve its data security practices following an FCC investigation into a 2023 data breach that exposed sensitive information of nearly 9 million wireless customers.
GameStop Struggles with Declining Sales, Announces Additional Store Closures
GameStop is closing more stores this year due to declining sales of hardware and games, as reflected in its disappointing second-quarter earnings report.
Elon Musk on Track to Become First Trillionaire—But He Faces Competition
Elon Musk is projected to become the world's first trillionaire by 2027, driven by his diverse ventures in electric vehicles, space exploration, and brain implants.
Sam Altman Excluded from Key Role in OpenAI's New Independent Oversight Committee
OpenAI has formed an independent Safety and Security Oversight Committee, excluding Sam Altman, to oversee the company’s safety processes and guide the development and deployment of its AI models.
Chipotle Tests Robots to Speed Up Guacamole and Burrito Bowl Prep in California
Chipotle is testing robots in two California locations to speed up avocado prep for guacamole and automate burrito bowl assembly.
Target Plans to Hire 100,000 Seasonal Workers Despite Slow Holiday Sales Growth
Target announced it will hire around 100,000 seasonal workers for the holiday season, maintaining its hiring levels from the past three years despite a forecasted slowdown in retail sales growth.
Tupperware Faces Bankruptcy After Violating Debt Terms, Failing to Revive Business
Tupperware Brands is set to file for bankruptcy this week due to mounting debt and declining sales, following years of unsuccessful attempts to revive its business.
Amazon to Enforce Five-Day Office Work Mandate, Ending Hybrid Model Next Year
Amazon will require employees to return to the office five days per week starting next year, replacing its current three-day hybrid model.
AT&T, CWA Reach Tentative Agreement, Ending Strike by Technicians and Customer Service Workers
AT&T and the Communications Workers of America (CWA) have reached two tentative agreements, ending a strike by AT&T workers in the Southeast.
Brazil Seizes $3 Million from Elon Musk’s Platform X and SpaceX Over Unblocked Accounts Supporting Ex-President
Brazil’s Supreme Court has ordered the seizure of over $3 million from Elon Musk’s Platform X and SpaceX accounts due to fines related to unblocked accounts supporting a former president.
DirecTV, Disney Settle Dispute, Bringing Back Popular Channels Like ESPN and ABC
Disney and DirecTV have reached an agreement to restore ESPN and ABC channels to DirecTV's service, ending a two-week blackout that disrupted viewers' access to major sports and entertainment events.
Truth Social Stock Skyrockets After Trump Announces No Sale of Shares, Assassination Attempt
Truth Social stock surged after former President Donald Trump announced he would not sell shares in his company, following an attempted assassination at his golf course in West Palm Beach.
Home Depot Agrees to $2M Settlement Over Allegations of Overcharging, Unfair Competition
Home Depot has agreed to pay nearly $2 million to settle allegations of overcharging customers and engaging in unfair competition, without admitting wrongdoing.
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