Wall Street erupted as Nvidia’s stock price rocketed 4% to $170.70 after the AI chip giant announced it will resume selling its H20 processors to China. This move could unlock as much as $8 billion in deferred revenue that had been put on hold due to export curbs. Nvidia shares hit fresh record highs following assurances from the Trump administration that export licenses would be approved, ...
U.S. Warehouse Vacancies Soar to Highest Level in Over a Decade
America’s industrial backbone is under unprecedented strain. Cushman & Wakefield data shows that fully 7.1% of U.S. warehouse space was empty in Q2 2025, the highest vacancy rate since the Great Recession era. This 11-year high marks the end of the pandemic-driven boom that had every available square foot in fierce demand. Yet even as vacancy balloons, a strange paradox is emerging: rents ...
Nike Retires Iconic Classics in Major Brand Shake-Up
Nike’s latest earnings stunned Wall Street. In Q4 the brand announced its three biggest sneaker lines – Air Force 1, Dunk and Air Jordan 1 – all plunged by roughly 30% year-on-year, erasing about $1 billion of revenue (around one-tenth of its quarterly sales) and marking its steepest decline in years. CEO Elliott Hill admitted the company had become “over-indexed” on nostalgia – a bust of ...
Target Launches Bold ‘Amazon-Style’ Overhaul to Reclaim Shoppers
Target’s fortunes have deteriorated precipitously. In Q1 2025 the chain’s comparable store sales plunged about 3.8% year-over-year, dragging quarterly revenue down to roughly $23.8 billion (from $24.5 billion a year earlier). The stock has tumbled about 60% from its 2021 high, erasing over $12 billion in market value as investors grow pessimistic. CEO Brian Cornell has conceded Target is in its ...
Michigan Loses 5 Plants And Over 13,000 Jobs in Sudden Blow to US Manufacturing Base
Michigan’s industrial foundation cracked open this summer. Between March and July 2025, five major factories were shuttered, wiping out roughly 5,161 direct jobs and threatening thousands more. Cleveland-Cliffs led the cascade: the company announced it would idle the blast furnace at Dearborn Works—about 600 workers were notified in July that they’d be let go. Shortly after, Stellantis warned it ...
Massive Kroger Recall Hits 18 U.S. States
Kroger shoppers across 18 states are facing a major food safety alert – one that’s putting thousands of households on edge. The grocery giant is urging customers to return or throw out certain products after discovering hidden dangers on its shelves – from undisclosed allergens to possible bacterial contamination. What began as a routine quality check on a loaf of bread has exploded into ...
Amazon Ends Popular Free Perk for Prime Members
Amazon is pulling the plug on Freevee – its free, ad-supported streaming TV service that launched in 2019. An in-app message warns that the standalone Freevee app “will be accessible until August 2025”, effectively ending the platform next month. For millions of viewers who relied on Freevee to stream thousands of movies, shows and even live TV channels at no cost, the shutdown comes as a shock – ...
McDonald’s Job App Blunder Exposes Data of 64 Million Applicants
McDonald’s has exposed the data of 64 million job applicants through a glitch in its AI hiring chatbot “Olivia”. Security researchers found the password “123456” on McDonald’s McHire platform (run by AI firm Paradox.ai) allowing access to applicant records going back years. Revealed in early July 2025, the breach left sensitive information—names, emails, and even chat ...