Swedish fintech giant Klarna, widely recognized for its “buy now, pay later” (BNPL) services, is branching out by introducing a Visa-powered debit card in the U.S. This new product, called the Klarna Card, marks a strategic shift as the company moves to reduce its reliance on short-term credit offerings. Klarna is initially piloting the card…
FDA’s AI Rollout Stumbles as CDRH-GPT and Elsa Tools Face Technical Flaws and Ethical Alarms
The Food and Drug Administration (FDA) is testing a new artificial intelligence tool called CDRH-GPT, intended to streamline the approval of medical devices like pacemakers and insulin pumps. However, according to two individuals familiar with the tool, it is still in beta and plagued by technical issues. These include connectivity problems with internal FDA systems,…
FDA Issues Class I Recall for Tomatoes in Three States Over Salmonella Contamination Risk
The U.S. Food and Drug Administration (FDA) has raised the tomato recall involving three states to its highest risk category, Class I. This classification indicates a serious health threat, including the potential for death. The recall was officially upgraded on May 28 due to concerns over salmonella contamination. Williams Farms Recalls Tomatoes Supplied by H&C…
Peloton Enters Resale Market with Repowered Platform, Offering AI Pricing and Seller Incentives
Peloton has introduced a new marketplace called Repowered, designed for reselling used Peloton bikes, treadmills, and gear. The platform allows members to list their equipment for sale, using an AI-powered pricing tool to help suggest fair prices. Sellers retain control over the final listing price, which is informed by factors like the product’s age. Peloton…
McDonald’s Snack Wrap Returns July 10 with Spicy and Ranch Options as Fan Hype Hits Fever Pitch
McDonald’s has officially confirmed that the beloved Snack Wrap will be returning to its menu nationwide on Thursday, July 10. After years of fan requests and anticipation, the fast-food giant shared the news with USA TODAY. The returning Snack Wrap will feature McDonald’s new McCrispy Strips—tender, all-white meat chicken strips—combined with shredded lettuce and cheese,…
Chip Stocks Power Market Gains as U.S.-China Trade Hopes Lift Sentiment Despite Mixed Economic Data
U.S. stock indexes closed higher on Tuesday, with notable gains led by Nvidia and other chipmakers. This surge in technology stocks was underpinned by investor optimism around potential progress in U.S. trade negotiations. The White House announced that President Donald Trump and Chinese President Xi Jinping are expected to speak this week, raising hopes for…
Earnings Beat and Raised Forecast Push Dollar General Shares Up as Wealthier Shoppers Boost Sales
Dollar General’s shares surged over 10% after the company reported better-than-expected earnings and raised its financial outlook. For the fiscal first quarter, the company posted earnings per share of $1.78, beating the $1.48 expected by analysts, and revenue of $10.44 billion, surpassing the $10.31 billion forecast. As a result, the retailer now anticipates net sales…
Oil Prices Rise Sharply as OPEC+ Restraint, Iran Tensions, and Canadian Wildfires Fuel Supply Fears
Oil prices rose in early Asian trading on Tuesday, driven by fears of a tightening global supply. Brent crude climbed 55 cents to $65.18 a barrel, while U.S. West Texas Intermediate (WTI) increased 59 cents to $63.11 a barrel. The gains followed a nearly 3% rise in the previous session. The price jump reflected investor…
Metal Prices Climb Sharply as Tariff Jitters Spark Global Industry Pushback
U.S. President Donald Trump announced a doubling of tariffs on steel and aluminium imports to 50%, effective June 4, escalating trade tensions. This announcement followed accusations that China breached a prior agreement to roll back critical mineral-related tariffs. The move led to immediate spikes in domestic U.S. steel and aluminium prices, while shares of foreign…
Campbell’s Reports Surge in Home Cooking as Consumers Cut Dining Costs Amid Economic Strain
Campbell’s has reported a notable surge in home-cooked meals, indicating that consumers are increasingly preparing food themselves rather than dining out. This marks the highest level of home meal preparation in nearly five years. CEO Mick Beekhuizen highlighted that this trend spans all income levels and suggests a growing frugality among consumers amid current economic…