The Latest Headlines at The AM Reporter
Are You Affected by the Banana Boat Sunscreen Recall?
Last week, Edgewell Personal Care Company announced they have initiated a voluntary recall of Banana Boat sunscreen. In a recent press release, Edgewell revealed an initial review found the presence of benzene in at least three batches... More of this article »
Nikola Set to Acquire Battery Pack Supplier Romeo Power in $144 million Stock Deal
In the first week of August, electric heavy truck manufacturer Nikola revealed they reached a deal worth $144 million to acquire the battery pack supplier Romeo Power. This would give Nikola direct control over an important quadrant... More of this article »
Hershey Raises Outlook Despite Concerns over Inability to Meet Holiday Demand
Candymaker Hershey Co, last week, warned that it will likely fall short of meeting the demand for holiday candy this year. As is the case with many manufacturers—and across many industries—Hershey is dealing with supply chain... More of this article »
Inflation is Up, Coincidentally, So is Consumer Spending
While consumer spending held strong in June, inflation is still on the rise. As a matter of fact, a key metric the Federal Reserve bank tracks to gauge inflation jumped 6.8 percent last month. This is the biggest annual increase... More of this article »
Used Cars Are Selling For $10k More Than “Normal”
It should come as no surprise to hear that used-car prices have been skyrocketing the past couple of years, mostly as a result of supply-chain issues that formed late in the pandemic. Indeed, it seems like prices for everything from... More of this article »
American Airlines CEO Confides They Are Facing Troubling Times
Commercial airlines continue to struggle this summer, even as the travel season approaches full swing. Complications of returning out of the pandemic coupled with supply chain restraints and staffing problems mean, unfortunately,... More of this article »
United Airlines Posts Positive Financial Report
The summer travel season is getting into full swing, apparently, as air travel into and out of and within the United States is picking up. Delta Airlines reported a nice bump in second-quarter sales and American Airlines expects... More of this article »
California Man Sues Mars Over Potentially Harmful Skittles Ingredient
A man in California has claimed that Skittles candy contains a “known toxin” that should make it “unfit for human consumption.” And for this reason, the citizen is suing the maker of the candy, Mars. The “known toxin” in... More of this article »
Senior White House Officials Expects Gas Prices Will Continue to Drop
If you haven’t noticed, prices at the pump are falling and at least one senior adviser in the Joe Biden administration celebrates that this is likely just the beginning. Indeed, White House senior adviser for energy security... More of this article »
Sinking Homebuilder Confidence Tanks Housing Market
This week, the National Association of Home Builders (NAHB) released their July Housing Market Index (HMI). This report measures overall builder confidence across the country, and the report indicates the report fell from 67 last... More of this article »
New Vehicle Prices Reach Record Highs Straining American Pocketbooks
Along with higher prices for groceries and soaring rents, it appears Americans are getting hit hard in the wallet in another way. Automobile prices are also high right now—up nearly 2 percent since May—but skyrocketing monthly... More of this article »
How to Pick the Best EVE Online Proxy Server
If you spend a lot of time researching new games on the internet, you’ll know how the landscape is changing every single day. Certain gaming platforms are coming up with the most interesting new launches. EVE Online is one of... More of this article »
PepsiCo Raises Revenue Guidance on Price Hike Strategy
Early this week, PepsiCo Inc raised its full-year guidance for revenue, commenting that they may continue to raise prices over the next few months. Apparently, the beverage giant believes the existing price increases have not had... More of this article »