Unilever is voluntarily recalling several types of dry shampoo aerosol products for “potentially elevated levels of benzene,” the company said in a recall notice.
Why it matters: Benzene is a human carcinogen and repeated exposure can cause cancer and blood disorders, according to the Food & Drug Administration.
Beyond Meat on Monday debuted its newest meat alternative, hoping to juice its sales during a tumultuous time for the plant-based food maker.
Driving the news: The company introduced Beyond Steak, saying the plant-based product is "designed to deliver the juicy, tender and delicious bite of seared steak tips."
MakerDAO governance token holders on Monday overwhelmingly voted in favor of Coinbase Global's proposal that would generate a tidy source of revenue for the decentralized finance (DeFi) giant.
Why it matters: Coinbase's proposal to give MakerDAO a 1.5% yield in exchange for holding up to $1.6 billion of the group's USD coin with the exchange, promises to be a solid source of revenue for the DeFi giant.
Silvergate Bank, the crypto bank of publicly traded Silvergate Capital, sees its future in stablecoin — but that future is laced with challenges.
Why it matters: Silvergate's third-quarter earnings report last week missed expectations, a slowdown in its core bank business that's a byproduct of the crypto winter. It will have to drive through that to realize its tokenized dollar future on the other side.
Amazon acquired the option to buy up to a 15% stake in the parent company of Hawaiian Airlines, as part of a strategic air cargo deal.
Why it matterd: This is about the e-commerce giant seeking to control even more of its own supply chain, while also putting competitive pressure on frenemies FedEx and UPS.
If you’re looking for a sign that investors are increasingly expecting an economic downturn — here it is.
Driving the news: In the high-yield bond market, where the riskiest companies borrow, investors are dumping lower credit quality bonds (those rated "CCC" and lower) faster than others.
That line is what it looks like when an entire segment of the bond market all but dries up.
State of play: The chart shows the average interest on newly issued deals in the high-yield bond market, where companies with the lowest credit ratings borrow money (junk bonds, if you’re old school).
A standoff over paid sick leave between railroad companies and their third largest union is raising the prospect of a worker strike — and Christmastime economic disaster — even after the White House brokered a deal to avoid that fate.
Why it matters: It's a sign of the changed landscape for labor in the post-pandemic era that the state of the nation's economy now hangs on worker demands for a fairly basic benefit — paid time off for illness.
