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76°
Wednesday, jul 1
Business
Retailers Bet On Trump Backing Down From His Tariffs, New Survey Shows
Many retail executives are starting to follow Wall Street's "TACO trade" philosophy, according to a new survey. A growing number of retail leaders believe President Donald Trump will retreat on his sweeping tariffs against many countries, according to a survey from consulting firm AlixPartners. The survey released on Sunday, June 1, was first reported by CNBC. Executives from major brands and retailers were asked about how they were planning for the July expiration of Trump's 90-day pause on his so-called "liberation day" tariffs. A majority said they expect the president to settl…
Business
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…
Business
Rite Aid Closing 110+ More Stores Amid New Bankruptcy Filing: See Full List
Rite Aid will shut down more than 100 additional stores nationwide as the struggling pharmacy chain moves deeper into bankruptcy. The closings were disclosed in a recent bankruptcy court filing, less than a month after Rite Aid filed for Chapter 11 on Monday, May 5. The Philadelphia-based chain is working to sell off its pharmacies, inventory, and other assets to several potential buyers. Rite Aid said it has secured $1.94 billion in new financing to keep locations open during the bankruptcy process. Pharmacy services and immunizations will continue in-store and online. The lates…
Business
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…
Business
Trader Joe’s Announces Grand Opening For New Location In DMV
Trader Joe’s is setting sail for the heart of Rockville. The grocery chain will officially open its newest location in Maryland on Thursday, June 12 at 225 N. Washington Street, replacing the former Dawson’s Market at Rockville Town Square, Trader Joe’s announced. A ribbon-cutting ceremony will kick off the celebration at 8:55 a.m., with doors opening at 9 a.m. for customers ready to shop the new 9,800-square-foot store. “Please join Captain Corinne and Crew for the Grand Opening Celebration,” Trader Joe’s said in its announcement. “We look forward to seeing you!” The new store is the thi…
Business
CVS Closing Hundreds Of Stores Across US
CVS says it will close 271 retail locations across the country by the end of the year. The company — the world’s second-largest healthcare provider — announced the move to stockholders late last week as part of an enterprise-wide restructuring plan. The goal, CVS says, is to simplify the organization, improve efficiency, and generate more than $500 million in cost savings in 2025. CVS has not yet released which stores will be affected or when closures will take place. The company currently operates around 9,100 stores across the US. Founded in 1963 in Lowell, Massachusetts, CVS is n…
Business
Chicken Soup Mix-Up Sparks USDA Warning
A chicken soup product sold nationwide is the focus of a public health alert issued by federal officials. The US Department of Agriculture’s Food Safety and Inspection Service (FSIS) issued the alert after a ready-to-eat chicken soup product was found to contain wheat, a known allergen. This allergen was not listed on the label. No recall was requested because the affected product is no longer available for sale, but some containers may still be in consumers’ refrigerators or freezers. The products are: Signature SELECT Creamy Chicken & Wild Rice SOUP with White Meat Chicken (labeled…
Sports
Baltimore Ravens Reveal Game-Changing M&T Bank Stadium Renovations For 2025
Get ready, Ravens Flock. The Baltimore Ravens have dropped fresh details on Phase Two of their massive, multi-year M&T Bank Stadium renovation, and it's shaping up to deliver one of the most electrifying game day experiences in the NFL. Picture massive LED displays, a tailgate-and-concert zone, sushi in the end zone, and an immersive retail store open year-round. It’s all part of “The Next Evolution,” a planned transformation of M&T Bank Stadium, announced in 2023 and set to span through 2026. “The upgrades will enhance the gameday experience and provide year-round offerings…
Business
Tom Brady Gets Swarmed By Fans, But This Time As Store Owner With 5 Locations
Tom Brady knows how to draw a crowd. Most notably during his NFL career, in which he won a record-breaking seven Super Bowls. Now, Brady is doing it in a different way. As a business owner with stores in four states. The retired star quarterback opened his fifth CardVault by Tom Brady store last week in New York, cutting the ribbon for the new Long Island location on Thursday, May 22, on Newtown Lane in East Hampton. Brady commented on the flock of fans who were on hand when he cut the ribbon. "Are they all going to be like that?" Brady wrote on social media on F…
Business
Tight Ankles On Baby Pajamas Raise Injury Concerns, Prompting Large Recall
More than 16,000 pairs of infant footed pajamas have been recalled after reports that tight ankle elastic left marks and restricted blood circulation. Macy's issued the recall for about 16,300 Holiday Lane-branded cotton pajamas, the Consumer Product Safety Commission said on Thursday, May 22. According to the recall notice, Macy's received four reports of ankle elastic causing chafing, imprinting, or restricted circulation for babies. No hospitalizations were reported to the CPSC. The pajamas were sold exclusively at Macy's stores and online. They were available for about $…
Business
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…
Business
Walmart Raising Prices Due To Trump's Tariffs, CEO Says: Here's What's More Expensive
Executives at Walmart are warning that the retail giant will raise prices on many everyday items due to President Donald Trump's sweeping tariffs. Walmart will hike the costs of many grocery items and general merchandise, CEO Doug McMillon said during an earnings call on Thursday, May 15. The announcement comes as Walmart's revenue rose 2.5% in the first quarter of 2025. McMillon said the chain can't swallow the greater costs caused by Trump's tariffs. "We're positioned to manage the cost pressure from tariffs as well or better than anyone, but even at the reduced levels, the hig…
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