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Why Taylor Farms is facing scrutiny over salmonella and cyclospora outbreaks

Taylor Farms, whose lettuce public health officials have identified as the source of this summer’s widespread cyclosporiasis outbreak, now faces another serious food safety issue. The Salinas, California, produce supplier recently recalled several food items made with jalapeños suspected of being contaminated with salmonella.  But Jennifer McEntire, founder of food safety consulting firm Food Safety Strategy,…

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Warren presses U.S. companies to share billions in tariff refunds with customers

Sen. Elizabeth Warren is pressing companies entitled to refunds for illegal U.S. tariffs to return the money they are recouping directly to consumers.  Warren, a Democrat from Massachusetts, on Friday sent letters to Apple, Amazon, Energizer, Motorola, Nike, Target and Walmart seeking information about the size of the refunds they are receiving for import duties…

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Why SpaceX stock is falling despite strong revenue growth

Shares of SpaceX tumbled on Wednesday despite reporting strong revenue growth in its first public quarterly earnings report, as investors questioned the rocket maker’s accelerating investment in artificial intelligence. SpaceX shares tumbled $10.06, or 8%, to $115.27 in early afternoon trading on Wednesday.  Investors are worried that the company’s massive investments in artificial intelligence won’t be enough…

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Dow soars 1,000 points on strong corporate earnings and hopes of Iran deal

The U.S. stock market approached record highs on Tuesday after Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz could be reached within days. Investors were also cheered by strong corporate profits, with companies ranging from equipment maker Caterpillar to software company Palantir Technologies reporting second-quarter results that exceeded analysts’ expectations. …

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SpaceX set to release its first earnings report as a public company. Here’s what to look for.

SpaceX is set to issue its first earnings report as a public company on Tuesday, offering a detailed look at how the rocket, satellite and AI provider is faring after its ballyhooed initial public offering in June.  SpaceX shares have sputtered after initially soaring following the transaction, the largest IPO in U.S. history. The company’s…

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