Business News

“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...

This week, Elon Musk’s platform, X, formerly known as Twitter, announced that a new experiment will be taking place. New unverified users in New Zealand and the Philippines will be charged $1 as part of an annual fee test. “Users will get to post content, like, repost, reply, bookmark, and quote posts for paying that fee. New free users will just get a read-only account to look...

Rite Aid has been dealing with declining sales and opioid lawsuits, and, as of Sunday, the major U.S. pharmacy chain has filed for bankruptcy. Other pharmacies like CVS and Walgreens are facing similar struggles, but according to CNN, “Rite Aid is in much worse financial shape than its competitors.” Rite Aid had previously filed a notice to the U.S. Securities and Exchange Commission stating that the pharmacy...

Chipotle has been able to hold off on raising menu prices for over a year. However, all good things must come to an end and inflation has eventually caught up to the restaurant chain. In a statement to CNBC, Chipotle Chief Corporate Affairs Officer Laurie Schalow said, “For the first time in over a year, we will be taking a modest price increase to offset inflation.” Chipotle...