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Price Hikes Likely At Best Buy, Target As Trade Wars Escalate, CEOs Say Price Hikes Likely At Best Buy, Target As Trade Wars Escalate, CEOs Say
Price Hikes Likely At Best Buy, Target As Trade Wars Escalate, CEOs Say Shoppers at Best Buy and Target should prepare for higher prices as new tariffs on imports from Mexico, Canada, and China disrupt supply chains, according to the companies' CEOs. The heads of the retail giants sent out warnings about likely price hikes for everything from fresh produce to expensive electronics. On Tuesday, Mar. 4, President Donald Trump officially enacted 25 percent tariffs on goods from Mexico and Canada, along with raising tariffs on Chinese imports to 20 percent. Best Buy CEO Corie Barry said the chain heavily relies on China and Mexico as its top two…

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by Chris Spiker
Business
Canada, Mexico, China Retaliate As Trump's Tariffs Spark Trade Wars: 'We're Ready To Fight' Canada, Mexico, China Retaliate As Trump's Tariffs Spark Trade Wars: 'We're Ready To Fight'
Canada, Mexico, China Retaliate As Trump's Tariffs Spark Trade Wars: 'We're Ready To Fight' Canada, Mexico, and China are responding to President Donald Trump officially placing tariffs on the three nations, escalating tensions with the US's key trading partners and increasing concerns about rising costs for American consumers. The US officially imposed 25 percent tariffs on Canadian and Mexican goods on Tuesday, Mar. 4. On the same day, the US also raised tariffs on Chinese imports to 20 percent. On his social media platform Truth Social, Trump claimed the solution to the trade wars is bringing more businesses into the country. "IF COMPANIES MOVE TO THE UNITED STATES, …

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by Chris Spiker
Business
24-Hour Spending Blackout Targets Major Retailers, Politicians As Economic Anxiety Rises 24-Hour Spending Blackout Targets Major Retailers, Politicians As Economic Anxiety Rises
24-Hour Spending Blackout Targets Major Retailers, Politicians As Economic Anxiety Rises A grassroots movement calling on people across the country to pause all non-essential purchases has begun its first "economic blackout" in a protest against corporate greed and financial inequality. The group called The People's Union USA organized the "24-Hour Economic Blackout" on Friday, Feb. 28. Supporters were asked to avoid all non-essential spending, including purchases from major retailers like Amazon, Walmart, Best Buy, and Target, as well as gas and fast food. Supporters of the blackout were asked to only buy "absolutely necessary" items like food, medicine, and eme…

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by Chris Spiker
News
Pets Killed, Homes Damaged: 500K Stoves Recalled Over This Fire Risk Pets Killed, Homes Damaged: 500K Stoves Recalled Over This Fire Risk
Pets Killed, Homes Damaged: 500K Stoves Recalled Over This Fire Risk Half a million electric ranges are being recalled after reports of the stoves accidentally turning on, causing fires and killing pets, officials said. LG is recalling about 500,000 stoves due to a fire hazard linked to front-mounted knobs, the Consumer Product Safety Commission said in a news release on Thursday, Feb. 6. The recall includes LG Slide-In and Freestanding electric ranges with knobs that can be accidentally turned on by humans or pets. The issue has led to at least 86 reports of unintentional activation, resulting in 28 fires, the CPSC said. At least five fires caused exte…

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by Chris Spiker
Business
Burn Hazards Cost Fitbit $12M+ After Delayed Smartwatch Recall: CPSC Burn Hazards Cost Fitbit $12M+ After Delayed Smartwatch Recall: CPSC
Burn Hazards Cost Fitbit $12M+ After Delayed Smartwatch Recall: Cpsc Fitbit will pay more than $12 million for failing to promptly report that its Ionic smartwatches posed serious burn risks, officials said. Fitbit LLC, which is now owned by Google, has been fined $12.25 million to settle claims by the Consumer Product Safety Commission, the federal agency said in a news release on Thursday, Jan. 23. The defect caused the Ionic smartwatches to overheat, leading to second- and third-degree burns for some users. Between 2018 and 2020, Fitbit received multiple reports of its Ionic smartwatches overheating and injuring users, the CPSC said. In ear…

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by Chris Spiker
Business
Samsung Recalling More Than 1M Electric Ranges Following Hundreds Of Reported Fires Samsung Recalling More Than 1M Electric Ranges Following Hundreds Of Reported Fires
Samsung Recalling More Than 1M Electric Ranges Following Hundreds Of Reported Fires More than a million Samsung electric ranges are subject to a recall after the company received hundreds of reports of fires that left several people injured and pets dead over the past decade. The Consumer Product Safety Commission (CPSC) issued an alert advising that slide-in electric ranges are subject to the recall due to front-mounted knobs that can be accidentally activated by humans or pets, creating a fire hazard. In total, 1,120,905 units are being recalled. These models are included in the recall:  NE58K9430SS/AA; NE58N9430SG/AA; NE58R9431SG/AA; NE58R9431SS/AA; NE58R9431ST/…

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by Zak Failla