American Express has significant updates in the pipeline for its Platinum credit cards. The company’s U.S. consumer and business Platinum Cards are slated to get “major” updates “later this year,” American Express said. American Express executive Howard Grosfield said Monday in a statement that the company is “going to take these Cards to the next […]
23andMe co-founder Anne Wojcicki is slated to regain control of her DNA-testing company after a nonprofit she controls outbid rivals in a bankruptcy auction. TTAM Research Institute, a nonprofit public benefit corporation based in California and led by Wojcicki, won the sale of substantially all of 23andMe Holding Co.’s assets, including the Personal Genome Service […]
An Air India Boeing 787-8 Dreamliner turned around and went back to its point of origin after takeoff, just days after the airline experienced a deadly crash that killed 241 people onboard. Air India’s flight AI315 returned to Hong Kong on Monday as a precautionary measure due to “a technical issue,” the airline told Reuters. […]
Activist investor Barington Capital Group is calling for Victoria’s Secret to restructure its board of directors and scrap its recently adopted shareholder rights plan. James Mitarotonda, the CEO of the New York-based hedge fund, which owns more than 1% of the company’s outstanding common stock, told Victoria’s Secret Chair Donna James in a letter Monday […]
Donald Trump Jr. and Eric Trump on Monday unveiled “Trump Mobile,” a new carrier service and technology company that they say will make phones in America. During an event at Trump Tower in Manhattan, President Donald Trump‘s sons said the company would offer 24/7 roadside assistance, unlimited texting and unlimited calling to over 100 countries […]
At Home Group has filed for bankruptcy to help the home decor retailer undergo a restructuring. The company announced Monday it started Chapter 11 bankruptcy proceedings so that it can implement a “restructuring support agreement” that it has signed with lenders “holding more than 95% of the Company’s debt.” The restructuring support agreement will help […]
The rise of artificial intelligence and the increasing popularity of cryptocurrency will continue to push electricity consumption to record highs in 2025 and 2026. The U.S. Energy Information Administration (EIA), in its latest Short-Term Energy Outlook (STEO), said power demand will rise to 4,193 billion kilowatt-hours (kWh) in 2025 and 4,283 billion kWh in 2026 […]
Southwest Airlines is in the process of outfitting all of its Boeing 737 planes with new technology aimed to improve safety on runways. SmartRunway and SmartLanding via the Honeywell Enhanced Ground Proximity Warning System have already been activated on more than 700 Southwest aircraft, the Honeywell Aerospace Technologies announced. “SmartRunway and SmartLanding helps increase flight […]
Recent college graduates are aggressively hunting for their first job, but they are facing one significant problem: the labor market is deteriorating. Economic research from the Federal Reserve Bank of New York indicated the labor market “deteriorated noticeably” in the first quarter of 2025, with those just entering the workforce taking the hardest hits. The […]
A massive outage has been reported in the Los Angeles area on Father’s Day after internet and cable provider Spectrum linked the issue to “criminal acts of vandalism.” “We are currently working on a Fiber cut affecting the Los Angeles area. We are sorry for the inconvenience this has caused. Thank you,” the company shared […]
Former Estée Lauder CEO Leonard Lauder has died at the age of 92, according to a company statement. Lauder, who was the son of company founder Estée Lauder, died on Saturday. He most recently served as chairman emeritus on the board of The Estée Lauder Companies, after previously serving as president and CEO. “Throughout his […]
Costco is set to open a new standalone gas station by spring. The city of Mission Viejo, Calif. has approved plans to tear down a former Bed, Bath and Beyond store to make room for the fuel pumps that will only be available to Costco members. The station will feature 40 pumps only and will […]
Vanessa Hudgens’ former Los Angeles home is looking for a new owner. The “High School Musical” actress’ former home in Studio City is on the market for $4.18 million, in partnership with listing agent Michael J. Okun of Sotheby’s International Realty – Sherman Oaks Brokerage. According to the Robb Report, the 36-year-old actress first purchased […]
Shaquille O’Neal will be paying seven figures to settle the class-action lawsuit against FTX that also named other high-profile athletes. O’Neal will pay $1.8 million after he was accused of touting the since-defunct cryptocurrency as a reputable and trustworthy investment option via paid endorsements. Legendary NFL quarterback Tom Brady and NBA star Stephen Curry, as […]
President Donald Trump issued an executive order on Friday approving U.S. Steel’s merger with Japan’s Nippon Steel through a National Security Agreement (NSA). The NSA includes a commitment to more than $11 billion in new steelmaking investments in the United States by 2028 and the creation of more than 100,000 jobs. The deal also gives […]
Businesswoman and former “Real Housewives of New York” star Bethenny Frankel sold the home she owned in Connecticut. The property, a roughly 3-acre estate known as “Applejack Farm” in the Greenwich area, fetched $7.825 million in a recent transaction. Corcoran Centric Realty’s Jeff Jackson represented Frankel, while Martha Jeffrey and Anne Oglivy of Sotheby’s International […]
Richard Simmons’ Los Angeles home is on the market. According to The Robb Report, the late fitness instructor and TV personality purchased the Hollywood Hills home in the early 80s, and spent much of his time there after retreating from public life in 2014. He lived in the home until his death in July 2024 […]
The U.S. Army announced that it has surpassed its fiscal year 2025 recruiting goals four months ahead of schedule following years of falling short of its quota. The milestone marks a potential turning point in one of the military’s most persistent challenges: recruitment. Last week, the Army announced that it had signed contracts with more […]
The White House directed the Defense Department and NASA earlier this month to collect information on billions of dollars in SpaceX contracts after the public spat between President Donald Trump and SpaceX CEO Elon Musk, according to a report. The Trump administration ordered the agencies to scrutinize Musk’s contracts to prepare for possible retaliation against […]
A recall of certain cases of Floria Dried Apricots is underway due to their packaging not disclosing the fruit contains sulfites. Turkana Food Inc. issued a recall for 352 cases of the dried fruit Thursday through an announcement published on the Food and Drug Administration’s (FDA) website. The dried apricots have 200-gram paper packaging. The […]
JetZero is making a significant investment in North Carolina as the company plans to construct a factory in Greensboro to produce its blended-wing-body jets there in the future. JetZero’s investment in Greensboro to build the airplane factory will amount to more than $4.7 billion and bring over 14,500 jobs to the area over time, Gov. […]
Foreign nationals with an extra $5 million can now register to be notified about when they can sign up to receive a fast pass to U.S. citizenship, also known as the “Trump Card.” President Donald Trump shared information about the program on Truth Social Wednesday night. “FOR FIVE MILLION $DOLLARS, THE TRUMP CARD IS COMING!” […]
Investors flocked to safer assets, including gold and out of U.S. stocks, after Israel launched attacks against Iran’s nuclear sites. All three of the major U.S. averages fell Friday, erasing weekly gains, with the Dow Jones Industrial Average off over 500 points or 1%, while the Nasdaq Composite and S&P 500 lost 0.6% mid-afternoon. […]
Frozen meal giant Conagra Brands, Inc. is trying to capture budget-conscious shoppers opting for convenient and healthier options by launching dozens of new frozen foods this month. The frozen food meals, including single-serve and multi-serve meals, vegetable side dishes, and gluten-free and plant-based meals, are slated to arrive in stores and e-commerce outlets in June […]
Mortgage rates declined for the first time in weeks, though they are still hovering near 7%, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell to 6.84% from last week’s reading of 6.85%. The average rate on […]
Iran being set back on its heels by Israel means “nothing is off the table” for China and its military advances, according to one foreign policy expert. “The Chinese… they’re losing their proxy, Iran. Iran has been accomplishing China’s foreign policy goals for quite some time. And China’s Middle East policy is now in disarray,” […]
