Category: Business

Business
Nutella’s empire is making a multibillion-dollar play for America’s snack market

Nutella’s empire is making a multibillion-dollar play for America’s snack market

For years, many Americans knew the Italian giant Ferrero primarily as the luxury chocolatier behind Ferrero Rocher and the creator of the beloved hazelnut spread Nutella. However, a quiet but aggressive multibillion dollar shopping spree

Business
Berkshire adds $17 billion to Alphabet stake

Berkshire adds $17 billion to Alphabet stake

Warren Buffett's Berkshire Hathaway made a massive play for tech dominance in the second quarter, pouring an additional 17 billion dollars into Alphabet. The move was split between two different strategies, with roughly 10 billion

Business
Pull up to the window, please, for a glimpse of an American icon: The drive-thru

Pull up to the window, please, for a glimpse of an American icon: The drive-thru

To understand the true essence of American convenience, one only needs to look at the intersection of two national obsessions: fast food and automobiles. While many remember the nostalgic image of the mid-century drive-in, complete

Business
Live Updates: Strait of Hormuz traffic falls to new low as Iran-backed Houthis kill 6 in Red Sea, authorities say

Live Updates: Strait of Hormuz traffic falls to new low as Iran-backed Houthis kill 6 in Red Sea, authorities say

Maritime chaos is deepening across the Middle East as shipping traffic in the Strait of Hormuz plummets to new lows amid escalating tensions between Iran and the United States. The volatility intensified Wednesday following a

Business
FDA to require notice of additives in food supply for the first time

FDA to require notice of additives in food supply for the first time

The Department of Health and Human Services announced a sweeping new initiative on Monday aimed at bringing transparency to the often mysterious array of additives found in the American food supply. For the first time,

Taylor Farms recalls jalapeño products due to salmonella risk

Taylor Farms has issued a widespread recall for over a dozen of its products after discovering that some contained jalapeño peppers potentially contaminated with salmonella. The recall affects various items, including salsas, dips, and prepared

Business
Adult child caregivers risk wrath of sibling greed after a parent dies

Adult child caregivers risk wrath of sibling greed after a parent dies

For many adult children, stepping into the role of a primary caregiver for an aging parent is an act of love and duty that brings immense stress. However, experts warn that the emotional toll of

Business
Berkshire earnings rose last quarter and CEO Greg Abel is starting to deploy Buffett’s massive cash hoard

Berkshire earnings rose last quarter and CEO Greg Abel is starting to deploy Buffett’s massive cash hoard

Berkshire Hathaway reported a healthy jump in operating earnings for the second quarter, climbing 16 percent to reach 12.98 billion dollars. This growth was fueled largely by strong performances in the company's energy, railroad, and

Business
Trump orders new 15% tariff on key material for solar panels and microchips

Trump orders new 15% tariff on key material for solar panels and microchips

President Donald Trump has moved to tighten the economic grip on China by signing an executive order that imposes a 15 percent tariff on imported polysilicon, a critical raw material used in the production of

Business
Why SpaceX stock is falling despite strong revenue growth

Why SpaceX stock is falling despite strong revenue growth

Shares of SpaceX took a sharp dive on Wednesday, dropping roughly eight percent to close at 115.27 dollars despite a financial report that showed impressive revenue growth. While the company reported second quarter revenue of