Tag: business news
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Shein faces existential threat as tariffs hit low-price model, putting new focus on services
Shein has won over consumers with its low prices but is now seeing shoppers flee after new tariffs and changing regulations forced it to raise prices.
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House Dems call for AI companies to testify on recent hacks: ‘Clear risk to safety’
A group of House Democrats is calling on leaders of Anthropic, OpenAI and other AI companies to testify in Congress about recent hacking incidents.
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This sports retailer’s turnaround is just getting started, Wells Fargo says
Wells Fargo’s price target for Dick’s Sporting Goods implies 15% upside from Friday’s close, a new analyst note shows.
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Taylor Farms recalls salsa and guacamole over salmonella risk
The supplier voluntarily recalled the products, including salsas and guacamole, after being notified that Coast Citrus Distributors was recalling fresh peppers.
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Max Miller stays in Ohio House race as GOP ballot deadline passes
Rep. Max Miller is set to remain the Republican nominee in Ohio’s 7th District after the window for the GOP to replace him on the November ballot closed.
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Ocasio-Cortez hasn’t ‘ruled out’ running for president or Senate in 2028
The congresswoman, who has emerged as a polling favorite to be the Democratic nominee, said she also has not ruled out a run for the Senate in 2028.
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Abel puts a big chunk of Berkshire’s cash to work
In his second quarter as the new CEO of Berkshire Hathaway, Greg Abel did some serious spending, including $4.5 billion on buybacks.
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Pentagon pushes defense companies to boost weapons production after concerns of depleted stocks
A Pentagon spokesman said it was focused on boosting munitions acquisitions to provide “the weapons our warfighters need at the pace the threat demands.”
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Canada’s British Columbia declares state of emergency as more than 20,000 flee wildfires
Officials say the Bald Range wildfire triggered the largest evacuation event so far this summer.
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