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Shoppers are less peeved by cost hikes due to scarcity – but retailers more often blame their own rising costs

Over the past few years, consumers have been hit with a steady stream of price hikes on everything from groceries to streaming subscriptions.And more are coming: 55% of companies in a recent survey by the...

Crude awakening: The White House’s oil numbers don’t add up | Fortune

ONE BIG THINGWhite House delivered misleading stats on oil shipments from the Gulf You will be shocked to learn that a politician may have said something misleading. U.S. Energy Secretary Chris Wright raised eyebrows in energy markets Wednesday when he...

Tim Cook gave up Apple’s top job—but Apple is paying millions to keep its ‘Trump whisperer’ close | Fortune

Tim Cook may be giving up Apple’s top job, but the company isn’t letting its longtime CEO fall far from the tree just yet.Cook, who handed the CEO title to longtime hardware chief John Ternus on Tuesday, will stay...

Moody’s head of sustainable finance: Asia is embracing a ‘pragmatic transition’ on energy | Fortune

An “erosion of multilateralism” is changing Asia’s push for sustainability, as countries pursue individual goals of energy security and supply chain resilience instead of “virtue signalling,” says Rahul Ghosh, global head of sustainable finance and emerging markets at Moody’s...

China demands answers after a man dies hours after entering ICE custody—the fifth Chinese national to die in U.S. immigration custody since 2025 |...

The Chinese government is pressing for answers after a Chinese man died hours after being taken into custody by U.S. Immigration and Customs Enforcement in a U.S. territory.Lianyong Wei, 51, died Aug. 23 at a hospital in the Northern Mariana Islands, ICE...

Tiger Woods pleads no-contest to a reckless driving charge and loses his driver’s license for five years | Fortune

Tiger Woods pleaded no contest to a reckless driving charge and his driver’s license was suspended for five years Wednesday following a March rollover crash in Florida, where he initially was accused of driving under the influence.Woods, still one of golf’s most influential...

Big tech is investing millions in data centers and saving a quick tax buck while doing it—leaving some states collecting revenue loss | Fortune

It’s no secret AI giants are racing against each other to build data centers across the country. With the AI boom skyrocketing in the 2020s, the U.S. has grown to nearly 5,000 data centers across all 50 states to...

UKG’s CIO says HR tech is AI’s next big bet. The software firm’s employees have already launched 387 AI tools and over 12,000 agents...

After a 20-year career at design software company Autodesk, Prakash “PK” Kota felt an urge for a career change, in part because he didn’t want to end his career having worked for only one employer. Upon ending his time at...

Labor votes: Discontent will accompany blue‑collar voters to the polls in the midterms

When union workers and their families gather this Labor Day, some may ponder Ronald Reagan’s memorable refrain, “Are you better off now than you were four years ago?”All workers – unionized or not – are...
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Emmy Awards: Welsh actor Matthew Rhys makes history with double win

Elsewhere, Jean Smart won best comedy actress for her role in the fifth and final series of Hacks.It is...
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