US presidential candidate Donald Trump plans to raise import duties when he returns to the White House in November, which will push up freight prices and accelerate inflation, as happened during his 2017-21 term, shipping and retail experts say. Trump,…
It hasn’t been a good year for restaurants. This year, several well-known chains have entered bankruptcy proceedings. The latest is Mary’s Pizza Shack, a beloved California pizza chain that opened in 1959. Mary’s Pizza Shack confirmed in an announcement on…
One of the world’s biggest tech giants may owe you money. Oracle US has agreed to settle a class-action lawsuit that accused the company of tracking people’s online and offline activities and providing their data to third parties without their…
BurgerFi International, the parent company of Anthony’s Coal Fired Pizza & Wings and casual “better burger” chain BurgerFi, has filed for Chapter 11 bankruptcy to address financial challenges and stabilize its business. The decision comes amid rising costs, falling consumer…
The US Centers for Disease Control and Prevention (CDC) has issued a food safety alert, warning consumers not to eat or buy eggs from Milo’s Poultry Farm, which sells eggs that have caused salmonella outbreaks in nine states, including Illinois,…
This week, a new food safety warning might make you organize your spice rack. That’s because some brands of cinnamon have worrying levels of lead, according to a new warning from Consumer Reports. Consumer Reports warned in an article published…
To bolster protection of strategic domestic industries from China’s state-driven overcapacity, the Biden administration on Friday halted massive tariff hikes on Chinese imports, including a 100% tariff on electric vehicles. The Office of the US Trade Representative told Reuters that…
If you’re counting on chain restaurants the next time you drive around the suburbs, Wingstop might be relatively easy to overlook. Its fern logo isn’t as common as the Golden Arches, Colonel Sanders, or even Chipotle peppers, but you might…
Novo Nordisk and Eli Lilly are battling over the latest blockbuster drug, opening a new chapter in Big Pharma’s billion-dollar war against obesity. Ozempic maker Novo Nordisk’s much-anticipated new weight-loss drug amikretin has shown the potential for greater and faster…
A new report from JLL shows that luxury retail in the U.S. market remains resilient despite economic uncertainty, such as consumers remaining cautious due to inflation. The report shows that luxury retail sales are expected to exceed US$75 billion in…