The Common Cents Act, a response to the phase-out of the penny that lets businesses round cash transactions to the nearest nickel, was passed by the House of Representatives on Tuesday and now moves to the Senate for consideration. It would create rounding guidelines for businesses and consumers to lean on for cash transactions when … Read more
Consumers worried about a growing outbreak of cyclosporiasis, a diarrheal illness caused by the cyclospora parasite, are turning to social media for advice on what foods to avoid as public health officials have yet to identify the source. The illness can cause long-lasting bouts of explosive diarrhea leading to severe dehydration, particularly in young children, older … Read more
WASHINGTON — American consumers — and the Federal Reserve — are being hit with another high-cost headache. The gusher of investment in data centers — likely topping $700 billion this year — to power artificial intelligence has made memory chips, computer processors, and other equipment, as well as electricity more expensive, and economists expect it … Read more
For eight years, Chinese online retailer Alibaba and its U.S. payment processing company failed to prevent dangerous drugs, chemicals and pill presses from being sold to American customers — even after employees warned of compliance problems, public records show. Source link
For eight years, Chinese online retailer Alibaba and its U.S. payment processing company failed to prevent dangerous drugs, chemicals and pill presses from being sold to American customers — even after employees warned of compliance problems, public records show. Prosecutors at the Justice Department believed they had enough evidence to prove that the companies had … Read more
As artificial intelligence spreads across the U.S. economy, Sen. Mark Warner wants to rein in AI agents, the autonomous bots that can complete tasks for consumers, such as booking trips and shopping online. The Virginia Democrat is supporting a first-of-its-kind draft bill — the Artificial Intelligence Access, Gatekeeper Exchange and Nondiscriminatory Transfer, or AI Agent, Act — that … Read more
Summer’s biggest sales are starting, with major weeklong deals from retailers such as Amazon, Best Buy, Target and Walmart officially launching as early as Monday. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The wave of discounts comes at a time when inflation is at its highest point … Read more
NEW YORK — U.S. consumers haven’t stopped spending money since the Iran war drove up fuel prices, but many shoppers are reassessing what they buy and where, according to company executives and retail analysts. The behavior changes observed so far are subtle, such as altered routines for buying gasoline and fewer visits to clothing and … Read more
For years, American consumers have defied predictions and kept the economy moving forward with their spending even amid a raft of financial pressures. Yet signs of financial strain are emerging as households grapple with the highest inflation rate in nearly three years. Consumer spending drives about 70% of U.S. economic activity, raising concerns about a slowdown … Read more
As May’s final day of oil trading is underway, the price of crude is set for its biggest one-month decline in six years, delivering some relief to consumers at the pump and some optimism to investors hoping for an end to sky-high energy prices. Subscribe to read this story ad-free Get unlimited access to ad-free … Read more