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Monthly Archives: July 2023

WHO aspartame decision could hurt diet soda sales

The World Health Organization reaffirmed its recommended intake of aspartame Thursday, but the agency’s classification of the sweetener as a possible carcinogen could still scare away diet soda drinkers and lead to new beverage formulas. Soda consumption has fallen over the past two decades as consumers have switched to drinking …

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Twitter asks court to end FTC order on its data practices

SpaceX, Twitter and electric car maker Tesla CEO Elon Musk looks on as he speaks during his visit at the Vivatech technology startups and innovation fair at the Porte de Versailles exhibition center in Paris, on June 16, 2023. (Photo by Alain JOCARD / AFP) (Photo by ALAIN JOCARD/AFP via …

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Trump to get big donation from ex-Marvel boss Perlmutter

US President Donald Trump shakes Ike Perlmutter, CEO of Marvel Entertainment, hand before signing an executive order at the US Department of Veterans Affairs April 27, 2017 in Washington, DC. Brendan Smialowski | AFP | Getty Images Ike Perlmutter, the former chairman of Marvel Entertainment at Disney, is planning a …

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U.S. online sales surge to $12.7 billion

Workers retrieve boxes at an Amazon fulfillment center on Prime Day in Raleigh, North Carolina, June 21, 2021. Rachel Jessen | Bloomberg | Getty Images Online spending in the U.S. climbed 6.1% to $12.7 billion during Amazon‘s Prime Day promotion, according to Adobe Analytics, as deal-hungry consumers snapped up home …

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Elon Musk’s SpaceX near $150 billion valuation after stock sale

A Starship prototype stands on the company’s launchpad in Boca Chica, Texas on March 16, 2022. SpaceX The valuation of Elon Musk’s SpaceX hit near $150 billion following a share sale by existing investors announced this week, CNBC has learned. SpaceX has an agreement with new and existing investors to …

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How falling inflation impacts Series I bonds

Jetcityimage | Istock | Getty Images As inflation falls, investors are weighing whether to buy or sell Series I bonds amid other competitive options for cash. Annual inflation rose by 3% in June, the smallest 12-month jump since March 2021, and a hefty pullback from 9.1% in June 2022, according to …

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Canada record heat meets record wildfires; new reality say scientists

An aerial view of wildfire of Tatkin Lake in British Columbia, Canada on July 10, 2023. BC Wildfire Service | Anadolu Agency | Getty Images Record high temperatures and a record fire season are hitting Canada at the same time this summer, leading to an unprecedented combination of heat, fire …

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Disney open to finding ESPN strategic partner

Disney is open to potentially selling an equity stake in ESPN and is looking for a strategic partner in the business as it prepares to transition the sports network to streaming, CEO Bob Iger said Thursday. The linear TV business has degraded over the past year more than Iger expected, …

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Canadian ports strike over but supply chain will take weeks to recover

A gantry crane stands in the DP World Ltd. terminal at Port Metro Vancouver in Vancouver, British Columbia, Canada, on Wednesday, Sept. 19, 2018. Darryl Dyck | Bloomberg | Getty Images The strike at the Canada’s West Coast ports is over, after both the labor union and port ownership accepted …

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ChatGPT owner OpenAI is being investigated by FTC

OpenAI CEO Sam Altman. Win Mcnamee | Getty Images News | Getty Images The Federal Trade Commission is investigating ChatGPT-maker OpenAI to understand if the company has violated consumer protection laws. The Washington Post, which first reported the news, published the FTC’s 20-page civil investigative demand, similar to a subpoena, …

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