Changes to realtor commissions taking effect this weekend could give home sellers a lot more negotiating power — and for buyers, potentially some more paperwork. Starting Saturday, realtors will be barred from offering compensation on…
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Business
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Business
Judge temporarily blocks sports streaming service owned by Disney, Fox, Warner Bros.
by adminA U.S. judge temporarily blocked media companies Disney, Warner Bros. Discovery and Fox from launching their sports streaming service, Venu, according to court filings. The temporary injunction, granted in response to a lawsuit brought by Fubo TV, comes just weeks ahead…
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Business
TikTok and fast-food rivalry fuel Chili’s sales as parent Brinker says turnaround is taking hold
by adminAn ad campaign targeting fast-food chains and a TikTok-viral appetizer helped Chili’s same-store sales climb nearly 15% in its latest quarter. But Kevin Hochman, CEO of parent company Brinker International, told CNBC that the chain’s strong…
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Business
Lawmakers ask Mark Zuckerberg to show how Facebook, Instagram are addressing illicit drug ads
by adminA bipartisan group of lawmakers sent Meta CEO Mark Zuckerberg a letter on Thursday expressing concern that the company is failing to prevent illicit drug advertisements from running on its platform. The House members cited recent reports from The Wall Street…
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Business
Starbucks is giving incoming CEO Brian Niccol $85 million in cash and stock as he departs Chipotle
by adminStarbucks offered incoming CEO and Chair Brian Niccol a pay bump and hefty one-time awards to lure him from his prior role as chief executive at Chipotle Mexican Grill. Niccol officially takes the reins at the embattled…
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Trader Joe’s is recalling 653,000 scented candles because they pose an elevated fire hazard. In a release on the Consumer Product Safety Commission’s website posted Thursday, Trader Joe’s said the flame on its Mango Tangerine…
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Business
Recalled cucumbers linked to at least 449 illnesses have been pulled from stores, CDC says
by adminAt least 449 people were likely sickened by cucumbers tainted with Salmonella bacteria, the U.S. Centers for Disease Control and Prevention said Wednesday. Since June, the agency has been investigating an outbreak linked to cucumbers…
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WASHINGTON — Vice President Kamala Harris plans to propose the first-ever federal ban on “corporate price-gouging in the food and grocery industries,” her campaign announced late Wednesday. “There’s a big difference between fair pricing in competitive markets,…
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Business
Inflation rate falls to 2.9% in July, adding to signs that surging prices have abated
by adminConsumer price growth in July slowed to its lowest post-pandemic level, a sign that the surging inflation that has gripped the U.S. economy is finally ebbing. On a 12-month basis, the Consumer Price Index (CPI)…
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Grocery price growth, once the scourge of the post-pandemic inflation surge, has finally settled down. On Wednesday, the Bureau of Labor Statistics reported that food-at-home prices increased 1.1% year-on-year — the ninth-straight month of sub-2%…