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Consumers shouldn't expect prices to fall anytime soon, top economist warns12:36 Conference Board chief economist Dana M. Peterson says inflation won t hit the 2% target until 2028 as market shocks lock in elevated consumer prices. California city pushes for drive-thru ban after neighbors sounded alarm over burger chain's proposed addition3:33 A proposed In-N-Out location sparked a 45-day moratorium on new drive-thru permits in Culver City, California, as residents debate traffic, air quality and safety. Micron CEO says AI boom drives 'unprecedented' memory demand as company invests $250B1:26 Micron CEO Sanjay Mehrotra details the company s $250 billion U.S. investment in semiconductor manufacturing amid a deep memory chip shortage driven by AI demand. OpenAI unveils ChatGPT Work to automate workplace tasks as AI race intensifies0:22 ChatGPT Work connects with Slack, Microsoft Teams, Google Drive and Sharepoint to automate tasks using GPT-5.6 and scheduled background workflows. Costco hit with lawsuit alleging protein powder sold in stores contains 'dangerous' levels of lead, arsenic23:51 Costco is facing a class action lawsuit alleging Orgain protein powders sold by the retailer contain elevated levels of lead, arsenic and cadmium. Millions of prescription eye drops recalled nationwide over contamination concerns23:51 Patients are urged to check affected lot numbers after the FDA classified Lupin s voluntary recall of prescription steroid eye drops a Class II action Mortgage rates tick slightly higher but remain near 6.5%22:47 The 30-year fixed mortgage rose to 6.49% this week as Freddie Mac s Sam Khater says housing affordability continues to improve for homebuyers. Kia issues new recall of 460,000 vehicles after previous fix to fire risk failed22:16 Kia recalled more than 460,000 Telluride vehicles after a previous 2024 recall failed to fix a seat motor defect linked to seven fires and 11 melting cases. Trump turns NATO spending fight into win for US defense companies20:40 Trump secured $3 billion in defense deals at the NATO summit, with Lockheed Martin, RTX, Boeing and Anduril expanding missile production across Europe. Judge rules United Airlines must face lawsuit over 'windowless' window seats20:40 United Airlines and Delta Air Lines face massive class-action lawsuits after passengers paid premium prices for window seats that lacked actual windows. Citadel's Ken Griffin tells socialist politicians to 'read a damn history book' as Wall Street flees New York19:36 Citadel CEO Ken Griffin challenged AI hype among top CEOs and warned that socialism, high taxes and poor services are driving finance out of blue states. PetSmart's only San Francisco store set to close as online shopping and same-day delivery reshape pet retail19:04 San Francisco s only PetSmart location on Geary Blvd. is closing July 19, directing pet owners to the Daly City store and online delivery options. NFL star Josh Allen expands Natrol partnership, highlights recovery and energy15:52 Josh Allen expands his Natrol partnership beyond sleep aids to include Ultra Energy, citing his evolving role as a husband and father off the field. |
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