Business News

Meta announced this week that it would be expanding efforts made in regard to youth safety. The company will be releasing new settings for teen Instagram and Facebook users.  Meta has recently faced criticism over its potential impact on teenage users including claims that the company’s top executives were ignoring warnings about the negative impact of its platforms on teens.  Also, CNN reported that one of the...

YouTube is now taking steps to provide viewers with quick access to step-by-step first aid videos created by trusted health organizations and hospitals.  This week, the streaming platform announced that short instructional videos will be pinned at the top of search results for specific health emergencies such as “bleeding, choking, heart attacks, seizures and opioid overdoses,” CNN reported.  The new feature, labeled as First Aid Information Shelves,...

VF Corp., the company that owns popular clothing brands including the North Face, Vans and Timberland, was hit with a cyberattack last week that is disrupting its ability to fulfill orders ahead of Christmas. According to a regulatory filing by VF Corp., “unauthorized occurrences” were detected on the company’s information technology systems and disrupted its “business operations by encrypting some IT systems, and stole data from...

“Kraft NotMac&Cheese,” Kraft’s first-ever plant-based alternative, will hit grocery store shelves in two flavors very soon. “Kraft NotMac&Cheese” is the product of a partnership with NotCo., a company that creates plant-based foods. This partnership comes at a time of growth for plant-based product popularity. According to research firm NIQ, plant-based product sales surged 19% last year to $11 billion. NIQ, however, pointed out the risk for Kraft...

Bud Light is still facing the fallout of its controversial partnership with transgender activist Dylan Mulvaney. This week, Anheuser-Busch InBev reported a 13.5% decline in U.S. revenue, according to Fox Business. Additionally, “The global brewing conglomerate also reported a 17.1% decline in North American sales volume during the third quarter. Its North American sales fell 14.5% in the prior quarter, when the Bud Light brand lost...

Last week, General Motors announced that the company would be putting a hold on its driverless car project. The announcement came after California revoked GM’s permit to test and operate driverless vehicles on state roads. GM’s self-driving vehicle technology subsidiary, Cruise, recently made headlines when a pedestrian was trapped and dragged by one of its vehicles after being struck by an initial hit-and-run driver. The California DMV said...

Apple is making a significant price hike to its TV+ streaming platform. The subscription will now cost $9.99 per month, up from the previous monthly cost of $6.99. The change will immediately affect new subscribing customers and existing customers will notice the change in 30 days upon their next renewal date, Apple stated. Apple is increasing the price of other services as well including its gaming platform...

Just a month after releasing the iPhone 15, Apple has announced its second product event of the season. The event is set to take place on Monday, October 30 at 8:00 p.m. ET/5:00 p.m. PT. The event will be only accessible via livestream, differing from the company’s product launches which happen both in person and online. Apple is describing the event as “scary fast,” likely in reference...

New buyers are facing affordability challenges while shopping for homes. Some adults have resulted in moving back home with their parents while they save up. Realtor.com’s executive news editor, Clare Trapasso, stated that new home buyers have historically been given assistance by family members when buying a new house, but recently, prospective buyers have been taking this “a step further.” Fox Business reported, “Research reveals that of...

This holiday season is the first peak shopping season overseen by the company’s new CEO, Tom Kingsbury, and the anticipation for success is high. Under Kingsbury’s leadership, Kohl’s has been focusing on a rebrand as a way to turn around decreasing sales and stock prices. The retailer has been leaning into popular brands and categories. Kingsbury even stated that the company could return to sales growth...