Business

The Chandler, Arizona, city council voted unanimously Thursday against clearing the way for construction of an AI data center.Cheers and applause erupted after the unanimous vote outcome was announced.Ahead of the vote, multiple people delivered remarks to register their opposition to the prospect of allowing the construction of the center, and some in the audience held signs opposing the proposed project. TIME MAGAZINE PUTS AI LEADERS ON ‘PERSON OF THE YEAR’ […]

President Donald Trump is touting improvements in mortgage costs since he took office as he looks to address Americans' concerns about affordability amid persistent inflation in the economy.Trump spoke at a rally in Pennsylvania on Monday and blamed the Biden administration for high housing costs, saying that "America is winning again" because of his policies. The president also displayed a chart showing that annual total mortgage payments increased over $14,600 during former […]

Lululemon Athletica Inc. announced Thursday that CEO Calvin McDonald is stepping down early next year as the brand struggles to compete in the highly competitive sector.McDonald will step down on Jan. 31, 2026, but will continue to serve as a senior advisor to the company through March 31. Lululemon Chief Financial Officer Meghan Frank and Chief Commercial Officer André Maestrini will serve as interim co-CEOs as the board of directors […]

Microsoft co-founder Bill Gates, a philanthropist who chairs the Gates Foundation, indicated to Politico's Dasha Burns during an interview that the Trump administration's cuts in U.S. foreign aid have resulted in many deaths.Gates told Burns that America is not the only country that has cut assistance.In the Gates Foundation's 2025 Goalkeepers report, he asserted that "In 2024, 4.6 million children died before their fifth birthday. In 2025, that number is […]

Instacart is using AI-enabled pricing experiments that are substantially raising the prices of identical products for different customers, according to an investigation by Consumer Reports and Groundwork Collaborative. By comparing shopping carts of consumers who were instructed to buy the same products on the platform at the same time, researchers found that in some cases the price difference was as high as 23%.Lindsay Owens, the executive director of Groundwork Collaborative, told […]

Southwest Airlines is reportedly pursuing the launch of its own network of airport lounges as the carrier looks to expand its premium offerings.The Dallas-based airline, working alongside credit card partner Chase, is currently exploring airport leases and possible lounges, CNBC reported."I think lounges would be a huge, next benefit for our customers," Southwest Airlines CEO Bob Jordan told CNBC on Wednesday. "And you [would] have a lounge network that allows […]

After Disney announced a $1 billion equity investment in OpenAI, CEO Bob Iger assured creators in an interview Thursday their jobs would not be threatened. The rise of artificial intelligence has been acutely felt by those in the entertainment industry who are wary of being replaced and see that images, animation and even voice acting can be done in moments with rapidly improving AI programs. Sora, in particular, is a program with […]

Costco Wholesale is moving through the holiday season with momentum, unveiling a string of record-breaking sales that helped drive a stronger-than-expected first quarter. During the retail giant's Q1 2026 earnings call Thursday, CFO Gary Millerchip pointed to a few "fun facts about the holiday selling season so far," including unprecedented pizza, pie and e-commerce sales.Holiday sales highlights:Approximately 358,000 whole pizzas were served at Costco's U.S. food courts, a 31% jump from […]

Federal officials announced Tuesday a recall of certain cinnamon powder products due to potential high levels of lead contamination.The recall affects Lucky Foods brand Cinnamon Powder (40 grams) sold in 14 states, according to the U.S. Food and Drug Administration."TBC Distribution Corporate of Brooklyn, NY is recalling Lucky Foods brand Cinnamon Powder 40g, best before date 15.09.2027 because it has the potential to be contaminated with elevated levels of lead," the […]