EU Probes Mars' Pringles Deal Over Price Hikes

 

The European Union launched an antitrust investigation into Mars' $35.9 billion acquisition of Pringles maker Kellanova. The EU worries the deal will increase Mars' market power, leading to higher prices for consumers. Retailers expressed concerns about Mars' increased bargaining power. Mars maintains the acquisition will benefit consumers...

Walmart+ Exclusive Early Access to Nintendo Switch 2

 

Walmart will begin selling the Nintendo Switch 2 online tonight at 9 PM ET. However, only paid Walmart+ members will have access during the first hour of sales. Walmart+ membership costs $13 monthly or $98 annually and offers benefits like free delivery and Paramount+ subscription. Both the standard...

Crypto Now Accepted as Mortgage Collateral

 

Fannie Mae and Freddie Mac will now include cryptocurrencies as assets in their risk assessments for single-family home loans. This decision, announced by the FHFA, allows borrowers to use crypto as collateral without converting to USD. The move reflects the growing mainstream acceptance of digital assets and aligns...

Bumble Cuts Staff Amid Dating App Slump

 

Dating app Bumble is cutting nearly a third of its workforce, about 240 jobs, to reduce costs by $40 million annually. CEO Whitney Wolfe Herd cited industry pressures and an inflection point in the dating sector. The move follows declining share value and slower revenue growth despite an...

Fed Eases Bank Capital Rules, Sparking Dissent

 

The Federal Reserve proposed easing a key capital rule for banks, aiming to boost Treasury market liquidity. The enhanced supplementary leverage ratio (eSLR), regulating bank capital, is seen as overly restrictive. The proposal would reduce capital requirements for large banks by approximately $13 billion, lowering the range to...

Doge Employee Resigns Amidst Scandal and Cybercrime Links

 

Edward Coristine, a 19-year-old former employee of the controversial US government "Doge" initiative, has resigned. His departure follows that of Elon Musk and other key personnel. Coristine's past includes running a company that allegedly provided services to a cybercrime group, "EGodly," known for harassing an FBI agent and boasting...

Layoff Survival Guide: Steps to Finding Your Next Job

 

Facing unexpected job loss? Career coach Octavia Goredema offers a step-by-step guide. First, carefully review exit paperwork, negotiate terms, and secure benefits like unemployment insurance and healthcare. Next, plan your job search, considering desired job aspects and a realistic timeline. Create a budget using estimated job search...

Boeing's Safety Culture Criticized After 737 MAX Incident

 

The NTSB harshly criticized Boeing's safety culture and the FAA's oversight following a January 2024 incident where a 737 MAX 9 cabin panel blew out mid-flight. The board cited inadequate training, missing bolts, and a failure to address known production issues for over a decade. The incident led...

Boeing Faulted for 737 Max Door Blowout

 

The NTSB blamed Boeing for systemic safety failures leading to a 737 Max door plug blowout on an Alaska Airlines flight. Missing bolts, inadequate documentation, and insufficient worker training were cited as contributing factors. While no one was seriously injured, the incident prompted increased FAA oversight, Boeing leadership...

Philips Hue Prices to Increase Due to Tariffs

 

Philips Hue smart lighting and security products will see price increases in the US starting July 1st. Signify, the parent company, attributes the hikes to tariffs, impacting the entire Hue product line. While specific price changes remain unannounced, some products already show increased costs compared to European pricing....