Costco, the popular warehouse club retailer, has announced that it will begin cracking down on non-members who try to eat at its food courts. The move comes as Costco aims to limit access to its popular cheap food options for non-paying customers.
Gucci owner Kering’s stock took a significant hit on Thursday, dropping by 14% after issuing a profit warning related to its Asian division. This news sent shockwaves through the luxury goods sector in Europe, impacting other high-end brands as well.
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The Federal Communications Commission (FCC) announced a crackdown on hidden fees found in cable TV bills across the country. These fees, often buried deep in the fine print, can add up to significant charges for consumers.
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Netflix is cracking down on password sharing this year, joining other streaming platforms like HBO Max in an effort to reduce account misuse. This decision comes after years of lax enforcement of the rules against password sharing, which has allowed many users to freely share their login credentials with friends and family.
President Joe Biden is set to launch a new joint task force between the Federal Trade Commission (FTC) and the Department of Justice (DOJ) aimed at cracking down on what he calls “unfair and illegal pricing practices.”
Detroit Mayor Mike Duggan announced plans to completely demolish the Packard Plant by the end of this year. The city is seeking to make way for a new auto plant in the area. Duggan revealed this information during a press conference held earlier today.
Snowflake CEO Frank Slootman has announced his decision to step down from his post, while also revealing that he is now richer than tech giants Tim Cook and Satya Nadella.
U.S. consumer sentiment dipped slightly in February, according to a recent survey conducted by the University of Michigan. The survey found that sentiment dropped from January’s reading of 81.2 to 80.8 in February.
Facebook has announced its decision to shut down its news tab in the United States and Australia, causing a stir among users and publishers. The social media giant cited challenges in the news business and the changing landscape as the reasons behind this move.
