FDA alerts about possibly radioactive frozen shrimp available at Walmart
The Food and Drug Administration (FDA) has issued a warning to consumers about frozen shrimp available at Walmart, advising against eating, selling, or serving these products due to concerns of potential radioactive contamination. This alert comes after US Customs and Border Protection (CBP) detected the radioactive isotope Cesium-137 in shipping containers at four US ports: […]
Treasury Department watchdog uncovers rule violations in IRS termination of probationary staff
The IRS recently faced scrutiny after a Treasury watchdog revealed that it violated its own protocols in firing thousands of employees earlier this year, following directives from the Trump administration. The dismissed workers were not provided proper notice, and their job performance was overlooked during the termination process, as highlighted in a report released last […]
Latino civil rights organization urges Home Depot to reduce ICE presence.
The Unified Latin American Citizens’ Federation (LULAC) is asking Home Depot to limit the presence of U.S. Immigration and Customs Enforcement (ICE) officials in their stores amid a crackdown on illegal immigration by the Trump administration. In a statement released Tuesday, LULAC’s national president, Roman Palomales, reached out to Home Depot CEO Ted Decker, urging […]
Almost one-third of businesses intend to increase prices in the next six months, according to a report.
A recent study indicated that nearly one-third of US businesses are likely to increase prices before the end of this year, as they navigate through rising costs and inflation. More than 30% of companies surveyed by LendingTree mentioned they anticipate higher prices in six months. In contrast, about 5% expect a price decrease, while 65% […]
Administration weighing investment in Intel, says Lutnick
The Trump administration is exploring the idea of acquiring shares in Intel to assist US chip manufacturers facing difficulties, according to Commerce Secretary Howard Lutnick. Lutnick noted that funding for this stock acquisition would come from previously designated funds from the Biden administration. Reports indicate the government might pursue a 10% ownership stake through grants […]
Bowman’s disagreement is reinforced.
Fed Vice-Chairman Stands Firm on Rate Cuts On Tuesday, Federal Reserve Vice-Chairman Michelle Bowman reaffirmed her support for cutting interest rates. “The story is there, that’s it. I haven’t changed my opinion,” she stated during an interview with Bloomberg News. Bowman, together with Christopher Waller, an Open Market Committee member, has become one of the […]
Homes are selling at their slowest summer rate in ten years.
The high housing prices and ongoing economic uncertainty have kept the market sluggish, with last month marking the slowest July in a decade. Homes that went under contract in July spent an average of 43 days on the market, increasing from 35 days the previous year. This marks the longest wait since 2015, according to […]
Meta is criticized for its ‘sensual’ chatbot chats with minors
Legislators from both parties are reacting strongly to new information about “sensual” chatbot conversations that were labeled as acceptable for children, again bringing Meta, the parent company of Facebook and Instagram, into the spotlight regarding safety concerns. Meta has faced scrutiny over social media’s impact on young users for quite some time. As the company […]
Pay increases are declining for the lowest-paid employees.
Following a strong recovery from the COVID-19 pandemic, wage growth has begun to slow down, and this decline is particularly steep for those at the lower end of the income bracket. This situation marks a notable shift from the post-pandemic period, when minimum wage workers experienced the fastest increases in earnings. Economists are now dubbing […]
Former DOJ antitrust official criticizes agency leaders for supporting MAGA-friendly lobbying
Conflict in DOJ Over Antitrust Decisions A former prominent official from the Department of Justice’s antitrust division has criticized several senior leaders within the agency for allegedly allowing lobbyists with political ties to sway their decisions. Roger Alford, who held the position of Chief Associate Attorney General, was dismissed last month following disputes related to […]