Approximately 10 million pounds of meat will be recalled at stores including Walmart and Trader Joe’s
Hundreds of products sold by the nation’s major grocery chains, including Walmart (WMT), Kroger (KR), 7-Eleven (SVNDY), and Trader Joe’s, are being recalled due to concerns about listeria contamination.
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Meta fires dozens of employees for using $25 food credits to buy wine glasses and toothpaste
Last week, META, the parent company of Facebook, Instagram and WhatsApp, fired more than 20 employees for abusing the company’s food credit system to buy household goods.
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Meat recalls due to Listeria monocytogenes increased to 12 million pounds. The 15 products affected are:
Major retailers including Amazon (AMZN), Costco (COST), Walmart (WMT), and Trader Joe’s have announced nationwide recalls of more than 300 ready-to-eat foods due to a possible listeria outbreak.
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Boeing is about to send out thousands of pink slips.
Boeing (BA) is about to begin a countdown that will see 10% of its employees lose their jobs. The company plans to start giving affected employees 60 days’ notice next month, Reuters reports.
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Amazon joins Google and Microsoft in big push into nuclear power
Amazon (AMZN) is joining artificial intelligence competitors in the race for nuclear energy.
The tech giant announced on Wednesday that it had signed three agreements to “support the development of nuclear power projects.” The agreement includes the construction of “multiple” small modular reactors (SMRs). These “advanced” reactors “have a small physical footprint and can be built close to the power grid,” Amazon said. Additionally, compared to traditional nuclear reactors, SMRs take less time to construct and can be brought online faster.
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NVIDIA stock falls 5% as US focuses on export restrictions on AI chips
Nvidia (NVDA) stock fell more than 5% on Tuesday, a day after closing at a record high.
The company’s stock had fallen less than 1% in premarket trading, but was down about 5% by midday. The decline followed reports that the United States may restrict sales of advanced artificial intelligence chips from U.S.-based chipmakers to certain countries. Citing national security concerns, Biden administration officials in recent weeks have capped export permits for advanced AI chips, including those made by Nvidia and rival AMD (AMD), to countries in the Middle East, Bloomberg reported. They are reportedly discussing whether to set one up.
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Hurricanes Milton and Helen exposed insurance and moral hazard issues. Here’s how to fix it
With Hurricane Milton blowing through, the worst is over for Florida. But not everyone is done yet. Meteorologists have warned that tropical cyclones will become stronger and more frequent in the coming years as the oceans warm and sea levels rise thanks to climate change.
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Apple is losing out to Huawei in China. The reason is as follows
Since launching the Mate 60 Pro series last August, Chinese technology giant Huawei has made a comeback in China’s smartphone market, knocking Apple (AAPL) out of its perch.
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Google signs new nuclear partnership to boost AI ambitions
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Alphabet announced Monday that it has commissioned several new small modular nuclear reactors from Kairos Power, a nuclear power startup based in Alameda, California.
CEO says AI investing will take trillions of dollars away from other funds
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How will AI change investing? Doug Clinton, CEO of AI investment firm Intelligent Alpha, explains it in the premiere episode of Quartz AI Factor.
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