Tag: fullfilment center

Seven people were charged with carrying out a 2022 jewelry heist that officials say was the “largest” in American history.  The theft took place in California in July 2022 when a Brinks truck moving a large amount of jewelry from a trade show stopped at a rest stop, the U.S. Attorney’s Office for the Central […] ...

A family of five’s breakfast at Disneyland in California has gone viral after a father shared a photo on social media of the meal’s pricey nearly $1,000 receipt.  X user John ‘Rock & Roll’ Tolkien, or @jrockandrollt, took to the social media platform on Monday to share his sticker shock after he received a $937.65 […] ...

President Donald Trump signaled he was not sure about whether, or not, he would support a recent proposal led by GOP Missouri Sen. Josh Hawley to raise the federal minimum wage to $15 per hour.  “I haven’t seen it. I’d have to speak to Josh. He’s a very good friend of mine,” Trump said Wednesday […] ...

Euro Pacific Asset Management Chief Economist Peter Schiff voiced some criticism of the Federal Reserve and sounded the alarm about the economy during an appearance Wednesday on “The Claman Countdown.”  Schiff’s comments on the show came not long after the Federal Open Markets Committee (FOMC) wrapped up its latest meeting in the afternoon, electing to […] ...

The Tampa Bay Rays are in “exclusive discussions” with an investment group in Florida about a potential sale of the team.  “The Tampa Bay Rays announced that the team has recently commenced exclusive discussions with a group led by Patrick Zalupski, Bill Cosgrove, Ken Babby and prominent Tampa Bay investors concerning a possible sale of […] ...

The Buss family has reportedly entered an agreement to sell majority ownership of the Los Angeles Lakers to Mark Walter, the chairman and controlling owner of the Los Angeles Dodgers. The deal is reportedly valued at $10 billion, which is by far the most for any sale of a professional sports team in world history, […] ...

If the escalating conflict between Israel and Iran significantly cuts supply in the global oil market, prices could surge to as much as $120 a barrel due to a potential threat to a significant shipping lane, according to industry experts. The price of West Texas Intermediate, a key crude oil benchmark, is sitting around a […] ...

The nonpartisan Congressional Budget Office (CBO) released a new dynamic analysis that found Republicans’ “big beautiful bill” would raise budget deficits by over $300 billion more than in its previous analysis, which estimated it would widen deficits by $2.4 trillion over a decade. The CBO found that the House-passed version of the legislation would raise federal budget […] ...

Honda is recalling about 259,000 Honda and Acura vehicles due to a problem with a brake pedal defect that could potentially present a safety hazard.  American Honda announced the recall impacting some Honda Pilot sedans from the model years 2023-2025, Acura MDA SUVs from the model years 2023-2025 and Acura TLX sedans from the model […] ...

The Federal Reserve on Wednesday said that it will leave its benchmark interest rate unchanged following its June monetary policy meeting as policymakers continue to monitor inflation and labor market data amid elevated economic uncertainty. The central bank’s decision leaves the benchmark federal funds rate at a range of 4.25% to 4.5%. It comes after […] ...

A revolution in the cryptocurrency world may soon go mainstream, as lawmakers move to formally regulate stablecoins, a digital currency designed to maintain a fixed value.  “The internet is now colliding with the financial industry and the financial system,” said Circle CEO and co-founder Jeremy Allaire on “Mornings with Maria” Wednesday. “There’s an opportunity to […] ...

General Mills is the latest U.S. food giant pledging to remove FD&C artificial dyes from its portfolio of products within the next two years amid calls from the Trump administration to eliminate artificial colors from the nation’s food supply. For its part, the Minnesota-based food giant said it plans to remove artificial colors from all […] ...

A theory about the Pentagon and nearby pizza restaurant’s busy-hours is making the rounds again amid the ongoing conflict between Israel and Iran.  People have theorized that pizza joints near the Pentagon get significantly busier before geopolitical conflicts, with instances of that supposedly being predictors that something significant is about to unfold on the world […] ...

A self-proclaimed “free trade guy,” Home Depot co-founder Ken Langone waved the warning flag over American markets and the economy due to one “scary” indicator. “I really believe, and I hope Washington hears this, that we have to be mindful of the importance of our status in the world economy and the world markets, because […] ...

President Donald Trump slammed Federal Reserve Chair Jerome Powell on Wednesday ahead of the central bank’s interest rate decision, calling him “a stupid person.” “We have a stupid person, frankly, at the Fed,” Trump said. “He probably won’t cut.” The Fed will announce its latest decision on whether to cut interest rates on Wednesday. The […] ...

Amazon CEO Andy Jassy says artificial intelligence will “change the way” work is done and expects the company’s total corporate workforce to be reduced as a result. Jassy shared the message with employees on Tuesday. “As we roll out more Generative AI and agents, it should change the way our work is done,” he said. […] ...

Gap Inc. is investing tens of millions of dollars to boost operations at its Tennessee distribution center, underscoring the company’s focus on strengthening domestic operations under CEO Richard Dickson’s leadership. Gap Inc.’s $58 million investment in its Gallatin distribution center, located on a 2.3-million-square-foot campus just outside Nashville, will create 100 new jobs to support […] ...

Americans have a lot of choices when they want to eat out, whether it be at a fast-food chain or a full-service restaurant, with customer satisfaction being a significant factor in where they go.  A new report from the American Customer Satisfaction Index (ASCI) offers insight into how brands stack up in terms of customer satisfaction.  […] ...

President Donald Trump will sign a new executive order this week granting TikTok another 90-day reprieve from a pending U.S. ban, the White House confirmed Tuesday.  It’s the third extension since Trump took office in January. “President Trump will sign an additional executive order this week to keep TikTok up and running,” White House press […] ...

A new analysis projects the Social Security Administration’s (SSA) cost-of-living adjustment (COLA) for next year will be higher than previously projected. The Senior Citizens League (TSCL) released its estimate for the 2026 COLA based on May inflation data and projected that it will be 2.5%, up from the prior month’s estimate of 2.4% and the March […] ...

The Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act on Tuesday, after the landmark crypto legislation faced a number of hurdles before making it across the finish line in the upper chamber.  One of the bill’s biggest advocates is Senate Banking Committee Chairman and former presidential candidate Tim Scott, R-S.C., who led […] ...

The Trump administration is touting gains made by blue-collar workers in the first few months since the start of President Donald Trump’s term began in January. Administration officials noted that blue-collar wages – which are defined as nonsupervisory and production workers – have risen at an annual rate of 1.7% in the past five months. […] ...

ExxonMobil CEO Darren Woods said there is sufficient supply in the global oil market to withstand any supply disruption to Iranian exports. “There’s enough spare capacity in the system today to accommodate any Iranian oil that comes off the market,” Woods told Fox News’ Bret Baier on “Special Report,” adding that “The bigger issue will […] ...

How people tackle their finances can vary but, according to new research from PYMNTS, there are two ways that are most common. PYMNTS found just 40% of American consumers are “planners,” meaning their strategy for money had more foresight.  That figure has gone down compared to the roughly half who tackled their personal finances that […] ...

Senate Republicans have introduced their chamber’s version of the GOP’s tax cuts and extensions package, as Congress looks to deliver on President Donald Trump’s “One Big, Beautiful Bill” before the Fourth of July. The GOP majority on the Senate Finance Committee released a draft of its portion of the reconciliation legislation that the upper chamber is […] ...