The U.S. Food and Drug Administration (FDA) this week expanded a recall of frozen strawberries due to a potential contamination of hepatitis A, according to an agency news release. On Monday, the Willamette Valley Fruit Company based in Oregon announced the recall of frozen strawberries that are sold at Walmart, Costco, and HEB retail stores under…
FDA Alert: Frozen Strawberries Recalled Across US After Contagious Virus Reported
Retail Sales Rose 0.3 Percent in May Despite Pressure From Higher Inflation and Interest Rates
NEW YORK—Americans increased their spending at retailers last month despite pressure from still-high inflation and rising borrowing costs. Thursday’s report from the Commerce Department showed that retail sales rose 0.3 percent from April to May, boosted by stronger sales of auto and parts dealers. Economists had been expecting a decline in sales for the month….
Bud Light Is No Longer the No. 1 Beer in America
As the fallout over its decision to promote a transgender influencer continues, Bud Light was dethroned by Modelo Especial for the month of May, according to data. Modelo Especial, owned by Constellation Brands in the United States, is No. 1 and holds about 8.4 percent retail sales in the American beer market for the four-week…
Number of Americans Filing for Jobless Claims Is Elevated for 2nd Straight Week
June 15, 2023
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The number of Americans applying for unemployment benefits remained elevated last week, a possible sign that the Federal Reserve’s interest rate hikes over the past year may taking hold in what’s proved to be a resilient job market. U.S. applications for jobless claims were 262,000 for the week ending June 10, the Labor Department reported…
Toyota Shareholders Defeat Climate-Change Proposal, Decline ESG Funds
June 15, 2023
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A climate-change disclosure proposal at Toyota that was pushed forward by three European funds has been voted down by shareholders. Danish pension fund AkademikerPension submitted the climate resolution together with Norway’s Storebrand Asset Management and Dutch pension investment company APG Asset Management in May. The resolution sought to make Toyota improve the disclosure of its…
Wall Street Opens Lower on Concerns Over Hawkish Fed
Wall Street opened lower on Thursday, with the S&P 500 and Nasdaq retreating from 14-month highs as the Federal Reserve signalled that interest rates could rise further this year. The Dow Jones Industrial Average fell 33.35 points, or 0.10 percent, at the open to 33,945.98. The S&P 500 opened lower by 7.26 points, or 0.17…
Music Publishers Sue Twitter for $250 Million Over Alleged Copyright Infringement
Twitter has been sued by the National Music Publishers’ Association (NMPA) for alleged copyright violations involving nearly 1,700 songs. The lawsuit (pdf) was filed in federal court in the Federal District Court in Nashville, Tennessee, on June 14 by NMPA on behalf of 17 major and independent music publishing companies including Universal Music Publishing Group, Sony Music Publishing, BMG…
NZ Public Broadcaster Published Stories With Pro-Russian, Chinese, Palestinian Bias
June 15, 2023
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An ongoing review of the public broadcaster, Radio New Zealand (RNZ), has not only discovered a pro-Russian slant in its articles but also evidence of pro-Beijing and pro-Palestinian bias. RNZ chief executive, Paul Thompson, most recently apologised for publishing “pro-Kremlin garbage.” Speaking to the RNZ’s own daily news program, Checkpoint, Thompson described it as a…
Macron to Meet Elon Musk in Paris to Talk Tesla Investment
French President Emmanuel Macron said he will meet with Tesla CEO Elon Musk on Friday—the second time in just over a month—to promote France as a possible site for one of the electric vehicle (EV) maker’s factories as well as to discuss tech regulation. “I’m going [into that meeting] with an agenda,” Macron told reporters…
Stocks Slip as ECB Prepares Hike After Hawkish Fed Pause
June 15, 2023
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LONDON—World stocks slipped from 18-month peaks and the dollar pushed higher on Thursday as traders readied for what is expected to be the eighth straight rate hike from the European Central Bank (ECB) later. Europe’s groggy start came after Wednesday’s first pause in the U.S. Federal Reserve’s rapid hiking cycle in over a year was…
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