The U.S. Consumer Product Safety Commission is under pressure to investigate the safety practices of popular “foreign-owned” e-commerce platforms like Shein and Temu. Concerns have been raised regarding the alleged sale of dangerous baby and toddler products on these platforms. CPSC Commissioners Peter Feldman and Douglas Dziak have called for a closer look at the
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In August, U.S. factories experienced a continued slowdown, sparking concerns about the direction of the economy. The Institute for Supply Management’s (ISM) monthly survey revealed that only 47.2% of purchasing managers reported expansion during the month, falling below the breakeven point of 50%. While this was a slight improvement from the previous month’s 46.8%, it
Recently, a panel of Brazil’s federal supreme court justices voted unanimously to uphold orders suspending the use of Elon Musk’s social network X nationwide. This decision came after a series of events where the court had issued suspension orders, frozen financial assets, and instructed internet service providers to block access to X until it complies
Former Democratic Rep. Tulsi Gabbard’s endorsement of Republican former President Donald Trump’s campaign has brought attention to Vice President Kamala Harris’ policy pivots. Gabbard pointed out that Harris has been attempting to distance herself from her previous record and positions, emphasizing the importance for Trump to focus on these shifts during their upcoming debate. Gabbard’s
Netflix has seen a significant surge in its stock prices, hitting a record high in August. Analysts are optimistic about the company’s potential for even more growth, with shares surpassing the $700 mark and reaching a new intraday record of $711.33. Despite a slight pullback in recent days, shares closed at $701.35 on Friday, marking
The latest data from the Commerce Department reveals that inflation in July inched higher, aligning with the Federal Reserve’s assessment as they gear up for a potential interest rate cut. The personal consumption expenditures price index rose 0.2% on a monthly basis, with a year-over-year increase of 2.5%. The core PCE, which excludes food and
Salesforce saw a 4% increase in its shares in extended trading following the release of its fiscal second-quarter results that exceeded expectations. The business software maker reported earnings per share of $2.56, higher than the expected $2.36, and revenue of $9.33 billion, surpassing the estimated $9.23 billion. This strong performance led to a positive outlook
Last week, mortgage rates fell for the fourth consecutive week, with the average interest rate for 30-year fixed-rate mortgages dropping to 6.44%. Despite this decrease, the response from current homeowners and potential homebuyers was lackluster. Total mortgage application volume only rose by 0.5% compared to the previous week. Refinancing Activity While the demand for refinancing
When comparing the economic proposals of former President Donald Trump and Vice President Kamala Harris, it is evident that there are significant differences in their approach. According to studies by the nonpartisan Penn Wharton Budget Model, Trump’s proposals would increase federal deficits by $5.8 trillion over the next decade, while Harris’ proposals would add $1.2
After the news broke that Amazon aggregators Branded and Heyday plan to merge, it was revealed that the combined companies will form a new entity called Essor. The CEO of Heyday, Sebastian Rymarz, announced this decision in a note to staffers, explaining that Essor translates to “take flight” in French. The goal of the new