Fast-food chain McDonald’s reported its worst quarterly sales numbers in the United States since 2020.
Read More McDonald’s U.S. ‘Same-Store’ Sales Plunge To Lowest Levels Since COVID-19 EraTag: consumers
Dollar Tree To Sell Family Dollar For $1B, 10 Years After $8B Purchase
The discount business Dollar Tree announced on Wednesday that it is selling Family Dollar for $1 billion to two private equity firms, a decade after it bought the discount chain for over $8 billion.
Read More Dollar Tree To Sell Family Dollar For $1B, 10 Years After $8B PurchaseEU Imposes Almost $28B In Counter-Tariffs As Trump’s Steel And Aluminum Tariffs Begin
The European Union has retaliated with its own tariffs in response to President Donald Trump’s 25% tariffs on steel and aluminum products that took effect Wednesday.
Read More EU Imposes Almost $28B In Counter-Tariffs As Trump’s Steel And Aluminum Tariffs BeginApple Reaches $95M Settlement Over Lawsuit Accusing ‘Siri’ Of Eavesdropping On Consumers
Apple has agreed to pay $95 million to settle a lawsuit that accuses the company of infringing on its users’ privacy by utilizing “Siri,” Apple’s artificial intelligence (AI) assistant, to eavesdrop on individuals with Apple devices.
Read More Apple Reaches $95M Settlement Over Lawsuit Accusing ‘Siri’ Of Eavesdropping On ConsumersCredit Card Defaults At Highest Level Since Great Recession In 2008
According to the Financial Times, U.S. credit card defaults increased to their highest level since the start of the 2008 Great Recession, which is a telling sign that lower-income Americans are struggling after dealing with years of high inflation.
Read More Credit Card Defaults At Highest Level Since Great Recession In 2008Frito-Lay Recalls Lay’s Classic Chips, Citing Possible ‘Life Threatening’ Allergy Risk
Frito-Lay is reportedly recalling 13-ounce bags of its Lay’s Classic Potato Chips due to fears that they “may contain undeclared milk” which can pose a “risk of a serious or life-threatening allergic reaction” to consumers, according to the Food and Drug Administration.
Read More Frito-Lay Recalls Lay’s Classic Chips, Citing Possible ‘Life Threatening’ Allergy Risk