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- Lululemon poaches Athleta CEO as new chief product officer
Lululemon announced Wednesday that Athleta CEO Maggie Gauger has joined the company as its chief product officer, a newly created role. [TheTopNews] Read More.59 mins ago - Levi Strauss hikes profit guidance after tariff refunds, but its sales outlook i...Levi Strauss on Wednesday posted earnings that beat expectations, though it saw benefits from tariff refunds. [TheTopNews] Read More.1 hour ago
- Americans heating their homes this winter face a stark cost divide
American households have been facing higher energy prices this year and as colder weather approaches this winter, they may face higher heating bills for their homes depending on the type of fuel used.The Energy Information Administration (EIA), the Energy Department's main analytical agency, released its winter fuels outlook on Tuesday, which said that the agency's "expectations this winter vary because of diverging trends in energy price among fuels and regional variation in forecast temperatures.""We expect households using natural gas and propane as the primary heating fuel – collectively, about half of all U.S. households – will have lower energy expenditures this winter, primarily because of lower fuel costs," EIA wrote."We expect higher energy expenditures for households where the primary heating fuel is electricity or heating oil because of higher prices for those fuels," the agency added.STRONG NATURAL GAS PRODUCTION, SUPPLIES COULD EASE PRESSURE ON WINTER HEATING BILLSEIA's data showed that homes primarily heated by natural gas would see spending decrease by 9% compared with a year ago, with a range of forecast uncertainty across weather cases all showing spending decreases.The West is projected to see a 7% increase in natural gas spending compared with last winter, while other regions are expected to see declines in the 10-15% range.Propane-heated homes would spend 3% less under the forecast, with a range from a decrease of 10% to an increase of about 8%. Spending is expected to be flat in the South compared with last winter, while the Midwest and Northeast would see declines of 4% and 15%, respectively.TRUMP ENERGY CHIEF SAYS TRUCKERS COULD SEE DIESEL RELIEF WITHIN DAYS AFTER EXECUTIVE ORDERHeating oil expenditures are projected to rise 21% nationally under EIA's outlook, within an uncertainty range from about 15% to 35%.Homes heated by electricity are expected to see spending rise 4% this winter, with the uncertainty range reflecting single-digit increases.The West is projected to see a 9% rise from last winter, while the South and Midwest would each experience a 3% increase, and the Northeast would see a 3% drop, according to the outlook.ENERGY CEO SAYS AMERICANS AREN'T BENEFITING FROM LOW PRICES BECAUSE OF ONE MAJOR ROADBLOCKEIA said that while it expects national average temperatures to be similar to last year, its forecast assumes warmer temperatures in the Northeast after the region experienced a relatively cold winter last year, with much colder temperatures in the West after it experienced an unusually warm… [TheTopNews] Read More.2 hours ago - Walmart expands drone delivery to 2 major US citiesWalmart and Alphabet-owned Wing are expanding their drone delivery service to the Seattle and Denver metro areas next year, bringing the service to nearly 20 major U.S. markets.The expansion is part of the companies' ongoing plan to offer drone delivery from more than 270 Walmart stores nationwide, according to an announcement Monday from Wing."Adding new metros to our expansion speaks to how quickly people across the country are adopting drone delivery," Heather Rivera, chief business officer at Wing, said in a statement. WALMART DOUBLES DOWN ON PLEDGE AGAINST AI-POWERED PERSONALIZED PRICING"We're excited to serve the needs of busy families in nearly 20 major markets spanning diverse communities and climates by delivering the everyday items these families need fast."The partnership already provides drone delivery access to more than 3 million customers in markets, including Dallas-Fort Worth, Atlanta, Houston and Orlando.Wing also noted that expanding into Seattle and Denver will bring the drone service to a wider range of weather conditions, from Pacific Northwest rain to Colorado winters.WALMART, TRADER JOE'S FROZEN BERRY RECALL EXPANDS AFTER E COLI OUTBREAK SICKENED 17"Expanding drone delivery to Seattle and Denver is about giving more customers a practical option when they need something quickly," Greg Cathey, senior vice president of eCommerce Transformation at Walmart, said in a statement. "Walmart’s stores put everyday items close to the communities we serve, and Wing helps bring those items to customers’ homes in minutes."Wing's drones can fly up to 60 mph and carry packages weighing up to 5 pounds. Customers can order tens of thousands of Walmart products, including groceries, electronics and over-the-counter medications, for delivery in minutes.WALMART LAUNCHES WEEKLONG FALL SALE OVERLAPPING AMAZON PRIME BIG DEAL DAYSGET FOX BUSINESS ON THE GO BY CLICKING HEREThe expansion comes as major retailers ramp up drone delivery.Lowe's announced Sept. 24 that it is launching a drone delivery pilot with Wing in North Carolina, calling itself the first home improvement retailer to offer the service.Amazon in August announced plans to expand its Prime Air drone delivery network roughly sixfold, targeting nearly 500 U.S. cities and towns by the end of 2026.FOX Business' Bradford Betz contributed to this report. [TheTopNews] Read More.3 hours ago
- Fed Minutes Show Officials Saw More Work to Do to Quell Inflation
Policymakers grew increasingly concerned about inflation risks at their most recent meeting in September. [TheTopNews] Read More.3 hours ago - President celebrates automatic enrollment of 70 million Trump Accounts for child...President Donald Trump held a press conference Wednesday at the Oval Office celebrating the automatic enrollment of millions of American children in his "Trump Accounts."The Treasury Department announced last week that every eligible child under 18 with a valid Social Security number now has a Trump Account, bringing the total to roughly 70 million accounts, according to the White House.Parents or guardians must still claim their child's automatically enrolled account before they can manage it or begin receiving contributions."If all goes well, which I think it will, they'll end up being quite rich by the time they're 18, and then 21, and as time goes by," Trump said. "This money is your child's future. And when you were a child in the old days, your child would hit 18 and there's nothing."WHO WANTS THEIR CHILD TO BE A MILLIONAIRE? TRUMP HAS GIVEN YOU THAT CHANCEAn estimated 80% of Trump Accounts are linked to families earning less than $200,000 a year, a White House official told Fox News. The official said automatic enrollment also broadens access to philanthropic contributions, allowing private donors to help jump-start children’s savings.Trump thanked Michael and Susan Dell for donating roughly $6.25 billion to Trump Accounts, enough to provide $250 to 25 million account holders. Michael Dell, the CEO of Dell Technologies, said the funds would be deposited by the end of this week."We believe in you, and we want you to dream big because we know you can make your dreams come true," Susan Dell said. "So parents and grandparents, please claim your child's account. These accounts are ready. They're waiting for you, and they have money in them."Private donor contributions are on top of the federal government's one-time contribution of $1,000 to certain account holders.TRUMP SAYS POLLS 'DON'T ACCOUNT FOR ONE THING,' AS HE PLEDGES TO DEFEAT COMMUNISTS 'ONCE AND FOR ALL'To qualify, the beneficiary must have been born between Jan. 1, 2025, and Dec. 31, 2028, which means the vast majority of children won't be receiving the Treasury payment and will instead rely on contributions from family members and other eligible contributors.Trump Accounts are tax-advantaged brokerage accounts that were created by Republicans' signature tax-and-spend law last year in the Big Beautiful Bill.The accounts are legally structured as IRAs but come with special restrictions, including a ban on withdrawals until the beneficiary turns 18.The normal contribution limit is $5,000 per year for 2026 and 2027,… [TheTopNews] Read More.3 hours ago
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