Johnson & Johnson said Thursday that it will discontinue its talc-based baby powder but insisted that the decision has nothing to do with the safety of the product, which has been accused of causing cancer.
Driving the news: J&J said it will transition to all cornstarch-based baby powder in 2023, completely phasing out talc-based powder globally after having already stopped sales in the U.S.
Pent-up demand for real world fun took business away from companies that crank out digital gaming.
Why it matters: The slowdown is expected to continue as consumers continue to adjust how they spend amid high inflation and worries of economic slow downs, industry leaders warn.
HanesBrands suffered a $100 million blow from a ransomware attack that temporarily devastated its supply chain and orders, the company said Thursday.
Why it matters: These cyber attacks pose a serious financial threat to companies in which bad actors seize control of their target's systems and then threaten to delete data, release information or refuse to relinquish control until payment is received.
The big picture: Loyalty has its perks. Free coffee, discounted meals and access to exclusive savings are up for grabs at the nation’s largest restaurant chains.
A month after raising the price of postage stamps, the United States Postal Service wants to increase the cost of shipping packages over the holidays.
The big picture: USPS is proposing temporary rate adjustments to “help cover extra handling costs” through its busiest season. If approved, the new rates will take effect on Oct. 2 and run through Jan. 22, according to a news release.
Sometimes you can say more with humor than with a polished speech or marketing spot.
Why it matters: Consumer brands, public figures and even state governments and federal agencies have embraced the riskiest communication tool of them all ... trolling.
McDonald’s said it plans to soon start a phased reopening of some of its restaurants in Kyiv and western Ukraine even as the war with Russia continues.
Why it matters: The fast-food chain, which announced in February that it would pause its operations in Ukraine because of the ongoing war, said Thursday that reopening could “support a small but important sense of normalcy.”
The big picture: Yellen's letter follows GOP charges that the Inflation Reduction Act, which adds about $80 billion to the IRS' budget over 10 years, will cause more audits for the middle class.
Digital asset exchange FTX has launched a web campaign to bring the public around on cryptocurrency, called "Get to Know Crypto."
Why it matters: Starting with the White House's executive order this spring, 2022 has become the year policymakers have moved beyond holding the odd hearing about the industry and actually started drafting laws. They are more likely to actually enact laws if they have informed voters.
Early this morning, AAA posted the national average price of a gallon of regular gas at $3.990, dropping under the psychological barrier of $4.
Why it matters: The falling gas price is a huge relief for consumers — and for Democrats, since Republicans plan to hammer rising prices in midterm campaigns.
