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Major Supermarket Chain Slashing Prices On 400+ Items Despite Trump Tariffs: Here's Why Major Supermarket Chain Slashing Prices On 400+ Items Despite Trump Tariffs: Here's Why
Major Supermarket Chain Slashing Prices On 400+ Items Despite Trump Tariffs: Here's Why At a time when many grocery bills are going up, Aldi is going in the other direction. Aldi will cut prices on more than 400 items across all its stores, the company announced. The move comes as President Donald Trump's sweeping tariffs have increased the costs of many staples and shaken consumer confidence. The supermarket chain said it's reducing prices for many items like fresh meat, organic produce, pantry goods, and picnic snacks. "While customers may see higher prices at other retailers, we're working hard to unlock even more value for our shoppers, just in time for sum…

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by Chris Spiker
Business
Walmart Creates New Credit Cards Through Its Own Financial Firm: What To Know Walmart Creates New Credit Cards Through Its Own Financial Firm: What To Know
Walmart Creates New Credit Cards Through Its Own Financial Firm: What To Know Walmart is using its own financial technology startup to launch a major credit card program. Synchrony Financial and the Walmart-backed firm OnePay announced the new Mastercard on Monday, June 9. The move comes after Walmart ended its previous credit card partnership with Capital One years ahead of schedule. Walmart had leaned on Capital One as its exclusive credit card issuer since 2018, but sued to exit the agreement early in 2023, CNBC reported. Capital One later claimed Walmart wanted to end the contract to shift transactions to OnePay. At the time the partnership ended, the Walma…

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by Chris Spiker
Business
Mold Risks Prompt Massive Recall Of 1.7M+ Air Conditioners From NJ Importer Mold Risks Prompt Massive Recall Of 1.7M+ Air Conditioners From NJ Importer
Mold Risks Prompt Massive Recall Of 1.7M+ Air Conditioners From NJ Importer Nearly 1.75 million window air conditioners imported by a New Jersey company have been recalled after reports of mold exposure and respiratory problems. Midea America Corp. issued the recall for about 1.7 million air conditioners sold in the US and around 45,900 in Canada, the Consumer Product Safety Commission announced on Thursday, June 5. Midea is headquartered in Parsippany, about 30 miles west of New York City. According to the CPSC, Midea discovered water could pool inside its U and U+ models, creating a risk for mold growth. Mold exposure can trigger respiratory infections,…

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by Chris Spiker
Business
Massive Cucumber Recall Expands To Include New Products Massive Cucumber Recall Expands To Include New Products
Massive Cucumber Recall Expands To Include New Products A cucumber-linked Salmonella outbreak that’s sickened dozens has now led to another round of product recalls. this time targeting fresh food trays and tubs sold across five states. TGD Cuts, LLC of Jessup, Maryland, announced it is voluntarily recalling several cucumber-containing products distributed under multiple brands.  The affected items — including pre-packaged salsas, salads, and produce trays — were made using cucumbers from Bedner Growers Inc., the same Florida-based supplier at the center of a nationwide recall and Salmonella outbreak that has sickened at least 45 people and…

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by Joe Lombardi
Business
Venmo Upgrades Debit Card, Checkout Options To Compete With Rivals: See What's New Venmo Upgrades Debit Card, Checkout Options To Compete With Rivals: See What's New
Venmo Upgrades Debit Card, Checkout Options To Compete With Rivals: See What's New Venmo is launching a new debit card rewards program and expanding its checkout options as the popular payment platform aims to compete with other similar services. Parent company PayPal announced the upgrades to the Venmo Debit Mastercard and Venmo Checkout service in a news release on Wednesday, June 4. The money-transferring app is used monthly by more than 64 million Americans. Venmo's debit card now offers 15% cash back at major retailers like Lyft, McDonald's, Sephora, Walgreens, and Walmart. Users can activate offers through the Venmo app to earn rewards on purchases both in…

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by Chris Spiker
Business
Top Hat Trouble: Choking Risks Trigger Large Recall Of Popular Snowman Toy Top Hat Trouble: Choking Risks Trigger Large Recall Of Popular Snowman Toy
Top Hat Trouble: Choking Risks Trigger Large Recall Of Popular Snowman Toy A popular children's snowman toy is being recalled because its top hat could break into small pieces, posing a serious choking hazard. The Step2 Company is recalling about 30,800 My First Snowman toys, the Consumer Product Safety Commission said in a news release on Thursday, May 29. The recall also affects 692 toys sold in Canada. The snowman's removable plastic top hat can break into small pieces, which children can choke on if swallowed. Step2 received 47 reports of the top hat's brim breaking, but no injuries have been reported, the CPSC said. The toys include a battery-…

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by Chris Spiker
Business
Deadly Hazards Prompt Massive Recall Of Adult Bed Rails Sold On Amazon, Walmart Deadly Hazards Prompt Massive Recall Of Adult Bed Rails Sold On Amazon, Walmart
Deadly Hazards Prompt Massive Recall Of Adult Bed Rails Sold On Amazon, Walmart Nearly 100,000 adult portable bed rails are being recalled due to a risk of serious injury or death from entrapment and asphyxiation. WeHwupe Store has recalled about 94,800 bed rails because they violate federal safety regulations, the Consumer Product Safety Commission said on Thursday, May 29. The rails can trap users against the mattress or within the frame, creating a deadly hazard. The rails also failed to display required warning labels. They're made of white metal tubing with a gray foam rubber grip and a fabric pouch. The recall affects two models that are abou…

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by Chris Spiker
Business
45 Sickened, 16 Hospitalized As Salmonella Outbreak In Cucumbers Expands To 18 States 45 Sickened, 16 Hospitalized As Salmonella Outbreak In Cucumbers Expands To 18 States
45 Sickened, 16 Hospitalized As Salmonella Outbreak In Cucumbers Expands To 18 States A Salmonella outbreak linked to a cucumber producer has now expanded to 18 states with 45 illnesses and 16 hospitalizations now reported. The US Food and Drug Administration (FDA) issued a new recall for Bedner Growers cucumbers on Friday, May 30.  The recalled cucumbers, grown in Boynton Beach, Florida, and distributed by Fresh Start Produce Sales, were shipped to retailers, distribution centers, wholesalers, and food service dealers from Tuesday, April 29, to Monday, May 19. The products were labeled as either being “supers,” “selects,” or “plains." Target had issued…

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by Joe Lombardi
Business
Major Job Cuts Coming At Walmart: 1,500 Corporate Roles Slashed Major Job Cuts Coming At Walmart: 1,500 Corporate Roles Slashed
Major Job Cuts Coming At Walmart: 1,500 Corporate Roles Slashed Walmart is set to cut about 1,500 corporate jobs across the United States as part of a strategic restructuring effort, according to a new report. The move is aimed at reducing expenses and streamlining decision-making processes, The Wall Street Journal says. The decision, which was announced last week, is not tied to President Donald Trump's tariff policies, a Walmart spokesperson told the outlet. The layoffs will primarily affect teams within global technology operations, US e-commerce fulfillment, and the Walmart Connect division. Earlier report - Walmart Raising Prices Due To Tr…

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by Joe Lombardi
Business
Trump Reignites Trade War With EU, Threatens Apple With iPhone Tariffs Trump Reignites Trade War With EU, Threatens Apple With iPhone Tariffs
Trump Reignites Trade War With EU, Threatens Apple With iPhone Tariffs President Donald Trump issued new tariff threats against the European Union and Apple, relaunching trade feuds that have shaken the US economy throughout 2025. Trump threatened the EU with a 50% tariff in a post on his social media platform Truth Social on Friday, May 23. He claimed the higher duties would go into effect on Sunday, June 1. The President accused the EU of being "difficult to deal with" in trade negotiations. "Our discussions with them are going nowhere!" Trump posted. "Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. There …

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by Chris Spiker
Business
Target Sales Slump Amid Boycotts Over DEI Policy Changes, Trump's Tariffs Raising Some Prices Target Sales Slump Amid Boycotts Over DEI Policy Changes, Trump's Tariffs Raising Some Prices
Target Sales Slump Amid Boycotts Over DEI Policy Changes, Trump's Tariffs Raising Some Prices Target's sales have fallen through the start of 2025 amid President Donald Trump's sweeping tariffs, falling consumer confidence, and boycotts over the retailer's diversity program rollback. Target reported that net sales dropped 2.8% in the first quarter of 2025 compared to the prior year. Despite digital sales rising 4.7%, in-store sales plummeted 5.7%, causing total transactions to fall 2.4%. Chief financial officer Jim Lee said Target is expecting similar sales drops throughout 2025. "For the full year, we believe it's prudent to plan for a low single-digit decline in our sales, i…

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by Chris Spiker
Business
Trump Tells Walmart to ‘Eat the Tariffs’ After CEO Says Price Hike Coming Trump Tells Walmart to ‘Eat the Tariffs’ After CEO Says Price Hike Coming
Trump Tells Walmart to ‘Eat the Tariffs’ After CEO Says Price Hike Coming Two days after America’s largest retailer, Walmart, said it would raise prices to cover the cost of President Donald Trump’s tariffs, the president responded with a three-word retort: “Eat the tariffs.” In an earnings call on Thursday, May 15, Walmart CEO Doug McMillon told investors that the company would likely need to increase prices on groceries and general merchandise, despite a 2.5 percent increase in first-quarter earnings for 2025. “We will do our best to keep our prices as low as possible,” he said, according to MarketWatch. “But given the magnitude of the tariffs, even at the redu…

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by Josh Lanier