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Texas Attorney General Ken Paxton on Monday announced an investigation into Shein and whether the fast-fashion retailer violated state laws related to unethical labor practices and the sale of unsafe consumer products.Paxton said that the investigation into Shein will determine whether the retailer's supply chain and manufacturing practices violate Texas state laws about the use of toxic and hazardous materials, mislead consumers about product safety and mislead consumers about ethical sourcing. It also […]

Elon Musk’s Tesla took a hit from "Big Short" investor Michael Burry, who claimed the electric vehicle maker is "ridiculously overvalued" just days after voicing concern about the market’s AI boom."Tesla's market capitalization is ridiculously overvalued today and has been for a good long time," Burry wrote in his Substack newsletter "Cassandra Unchained" on Sunday, Reuters reported.Burry further calculated that Tesla reduces existing shareholders’ stakes by roughly 3.6% annually through […]

Newell Brands will close 20 Yankee Candle stores across North America beginning in January as part of a plan to streamline the brand’s retail footprint.The closures, which account for roughly 1% of brand sales, are part of the company's broader optimization plan to align its footprint with "modern consumer shopping behaviors and supports its multi-channel growth strategy." Michael Kittredge started Yankee Candle in 1969 and opened its first official store four […]

Elon Musk said in a new interview that he thinks robotics powered by artificial intelligence (AI) driving productivity gains and output are the only way to address the more than $38 trillion national debt.Musk said in a podcast interview on "A Different Conversation with Nikhil Kamath" released Sunday that the widespread deployment of AI and robotics are the only ways to address the large and growing national debt. "I think that's pretty […]