Karison Foods & Snacks Inc. recalled several Indian snacks due to undeclared milk allergens. The recall involves products sold in New York, New Jersey, and Virginia. No illnesses have been reported so far.
Key Facts
Karison Foods & Snacks Inc. issued a recall on January 12.
The recall is due to undeclared milk allergens in certain snacks.
Affected products include panjiri, pinni, and laddoo, sold in 12-ounce containers.
These snacks were sold in New York, New Jersey, and Virginia.
The expiration date on these products is August 29, 2026.
The FDA discovered the undeclared allergen during a routine inspection.
Consumers can return the products for a full refund.
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In 2025, Israel signed significant deals in gas, technology, and military sectors. Major agreements included a $35 billion gas deal with Egypt and large technology investments involving companies like Google and Nvidia. These deals illustrate Israel's active trade relationships and exports.
Key Facts
Israel signed a $35 billion gas deal with Egypt to supply natural gas until 2040.
Google’s parent company, Alphabet, bought Israeli cybersecurity company Wiz for $32 billion.
Palo Alto Networks announced plans to acquire CyberArk, another Israeli cybersecurity firm, for $25 billion.
Germany agreed to a $6.5 billion deal for Israel's Arrow 3 missile defense system, increasing an existing contract.
New Zealand’s Xero acquired Israeli fintech company Melio for $3 billion.
Munich Re, a German insurance company, acquired Israeli-founded Next Insurance for $2.6 billion.
Nvidia is investing $1.5 billion in an AI data center near Haifa, Israel.
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Central bankers from various countries expressed strong support for U.S. Federal Reserve Chair Jerome Powell. This came after President Donald Trump increased his conflict with Powell by having the Justice Department investigate the Federal Reserve.
Key Facts
Central bankers from around the world backed Jerome Powell, the U.S. Federal Reserve Chair.
This support follows President Trump escalating a conflict by involving the Justice Department.
Nine central bank leaders, including those from Europe and the UK, signed a supportive statement.
The statement highlights the importance of central bank independence for economic stability.
The issue relates to Powell's testimony about renovating Federal Reserve buildings.
Powell criticized the administration's threat of legal action as an attempt to control interest rate policy.
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Aldi, a discount supermarket chain, plans to open over 180 new stores in the United States by 2026. This expansion will cover 31 states, including new markets like Colorado and Maine, and aims to increase Aldi’s total U.S. locations to almost 2,800. As part of a $9 billion investment through 2028, Aldi will also build new distribution centers to support this growth.
Key Facts
Aldi plans to open 180 new stores across 31 U.S. states by 2026.
The company's goal is to have nearly 2,800 locations in the U.S. by 2026.
Aldi will enter new markets, like Colorado and Maine, with plans for at least 50 stores in the Denver and Colorado Springs area.
Aldi plans to convert additional stores from its acquisition of Southeastern Grocers, aiming for over 200 total conversions by 2027.
In Phoenix, Aldi plans to open 10 new stores in 2026 and 40 by 2030.
Aldi will build new distribution centers in Baldwin, Florida, Goodyear, Arizona, and Aurora, Colorado.
This expansion is part of a broader $9 billion investment plan in the U.S. through 2028.
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Rehana Farrell, a veteran in the finance industry, became the CEO of 100 Women in Finance. The organization supports women at all career stages in finance and marks its 25th anniversary with 10,000 members and over 250 events annually worldwide. Farrell's approach encourages women to take risks and seek opportunities even if they don't meet all job criteria.
Key Facts
Rehana Farrell graduated from Smith College in 1992 and began her career in finance during the industry's recovery from a market crash.
She worked for major financial firms including Prudential, Smith Barney, Merrill Lynch, and others before transitioning to the nonprofit sector.
Farrell became the executive director of Youth Inc, a nonprofit accelerator, and served for 10 years.
In March 2025, Farrell became the CEO of 100 Women in Finance, a global network dedicated to empowering women in finance.
The organization, originally called 100 Women in Hedge Funds, has grown to 10,000 members in 33 locations.
100 Women in Finance hosts over 250 events each year to support women’s careers in finance.
Farrell emphasizes the importance for women in finance to ask for opportunities and take risks even if they don't meet every job requirement.
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President Trump's winery in Charlottesville is looking to hire 36 temporary foreign workers for vineyard jobs. These positions will use the H-2A visa program, allowing foreign agricultural workers to take jobs where U.S. workers are not available.
Key Facts
The Trump winery in Virginia plans to hire 36 foreign workers for seasonal vineyard roles.
The jobs pay $13.90 an hour, which is less than what similar roles have paid in recent years.
The positions include tasks like pruning, thinning, harvesting, and general maintenance, with no prior experience required.
The Department of Labor changed wage calculations for some farmworkers in October, affecting pay rates.
The Trump Organization uses H-2A visas for agricultural work when a shortage of U.S. workers is claimed.
Employers must certify that hiring foreign workers will not harm U.S. workers' wages or work conditions.
The Trump Organization has hired foreign workers before and filed for 602 such positions over five years.
There is ongoing legal and political debate about the impact of these programs on U.S. labor markets.
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Inflation stayed at 2.7% in December 2025, according to the Department of Labor. The increase in living costs, especially for housing and food, was a major reason. The report aligns with what experts predicted about inflation rates.
Key Facts
Inflation rate was 2.7% in December 2025.
Consumer prices went up 0.3% from November to December.
Core inflation, excluding food and energy, remained at 2.6%.
Housing costs increased by 0.4% in December.
Food prices rose by 0.7% in December and are now 3.1% higher than last year.
President Trump previously claimed inflation had been defeated in his second term.
The report is from the Bureau of Labor Statistics, part of the Department of Labor.
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Taiwan and the United States have come to a general agreement on a trade deal to lower US tariffs on goods from Taiwan. The agreement involves the Taiwan Semiconductor Manufacturing Company (TSMC) building more facilities in the US. The specific details of the tariff reduction have not been fully released.
Key Facts
Taiwan and the US reached a general agreement on a trade pact to reduce US tariffs on Taiwanese exports.
The negotiations aimed to reduce tariffs without adding new ones and to gain benefits under Section 232.
President Trump lowered a 32% tariff on Taiwanese exports to 20% pending ongoing talks.
Taiwan's tariff rate may decrease to 15% as part of this deal.
TSMC, a major chip producer, will build at least four more plants in Arizona.
TSMC plans to invest $165 billion in the US to expand its production capabilities.
The US is interested in TSMC expanding outside Taiwan to ensure chip supply security amidst regional tensions with China.
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Chipotle stated that Bill Ackman, who previously held a significant stake in the company, is not currently associated with them. This announcement came after Ackman donated $10,000 to support an ICE agent involved in a controversial shooting, leading to calls for a boycott of Chipotle.
Key Facts
Bill Ackman donated $10,000 to support an ICE agent involved in a fatal shooting.
The shooting incident occurred in Minneapolis, involving the death of Renee Nicole Good.
Ackman is a billionaire hedge fund manager who has publicly supported President Donald Trump.
Chipotle clarified Ackman is not affiliated with them following his donation.
Ackman previously owned a significant stake in Chipotle but has sold off his shares over the years.
There is no indication of a boycott of other brands associated with Ackman, who also holds a stake in Restaurant Brands International.
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President Donald Trump's administration is moving away from a 50-year mortgage proposal. The proposal aimed to make mortgages more affordable but faced criticism for potentially increasing debt and interest payments. The administration is now exploring other options to reduce home-buying costs.
Key Facts
Federal Housing Finance Agency director Bill Pulte stated that the White House is no longer considering the 50-year mortgage proposal.
The idea was initially supported by President Trump and suggested by Pulte in November.
Economists criticized the idea, citing increased debt levels and high interest costs.
Mortgage delinquencies have risen, making homeownership difficult for many Americans.
President Trump had promised to lower mortgage rates but has faced challenges in doing so.
The administration is exploring other ways to lower homeownership costs, such as directing Fannie Mae and Freddie Mac to buy mortgage bonds.
The original aim of the 50-year mortgage was to offer lower monthly payments but could lead to a slower build-up of home equity.
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A charity called Severn Wye has been shortlisted for an award after helping low-income households keep warm during winter by providing grants for energy bills. The project, aimed at improving health by reducing the need for hospital visits, was part of a government-funded initiative. The charity's efforts have shown positive results, including fewer doctor visits for some patients.
Key Facts
Severn Wye is a charity in Gloucestershire that helps homes stay warm during winter.
The charity started a project called Warm Homes Prescription in 2022.
They provide grants to people with health conditions who are on low incomes to help pay energy bills.
The aim is to prevent hospital visits by keeping homes warm.
Anton Hammer, a 72-year-old man, benefited from the project and now has fewer doctor visits.
The scheme runs alongside the NHS Retrofit project, funded by the NHS Gloucestershire Integrated Care Board.
Severn Wye's project is a finalist in the Health Service Journal Partnership Awards.
Winners of the awards will be announced in March.
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Delta Air Lines and American Airlines are adding popular local barbecue dishes to their in-flight menus. Delta offers a barbecue dish from Atlanta, while American Airlines will soon provide Texas barbecue from a Dallas restaurant.
Key Facts
Delta Air Lines and American Airlines are offering barbecue meals on their flights.
Delta serves a short rib dish from Fox Bros. Bar-B-Q in Atlanta.
From February, American Airlines will serve Pecan Lodge’s Texas barbecue.
American Airlines' new offerings will be available on flights from Dallas to New York.
The barbecue meals are preorder-only and available in First Class.
Delta also includes other local dishes depending on the flight's origin.
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U.S. cattle farmers are worried about new tariffs that China has placed on American beef imports. These tariffs, set to start in 2026, are part of ongoing trade tensions between the U.S. and China. Farmers are concerned about higher costs and limited market access due to these tariffs.
Key Facts
China announced a 55% tariff on U.S. beef imports starting January 1, 2026.
The U.S.-China tariff battle began when President Donald Trump returned to office.
The Trump administration has imposed tariffs on several Chinese industries.
China responded with tariffs on U.S. products like agriculture and technology.
The National Cattlemen’s Beef Association is closely monitoring China's policies.
Farmers claim these tariffs create uncertainty and financial pressure.
The U.S. beef market is also affected by the consolidation of large meat companies, which reduces farmers' profits.
U.S. cattle producers want to expand and secure market access to China and other countries.
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A nationwide recall has been issued for a batch of Spring & Mulberry Mint Leaf Date Sweetened Chocolate Bars due to potential Salmonella contamination. The recall affects lot #025255, and the FDA is overseeing the process to ensure public safety.
Key Facts
The recall is for Spring & Mulberry's Mint Leaf Date Sweetened Chocolate Bar, size 2.1 oz.
Salmonella can cause symptoms like diarrhea, fever, and stomach cramps.
No illnesses linked to the product have been reported as of the recall date.
The recall involves lot #025255, identified on the packaging.
The chocolate bars were sold nationwide via online and retail outlets starting September 15, 2025.
Spring & Mulberry initiated the recall after third-party testing found potential contamination.
Consumers should dispose of affected bars and can request refunds through the company.
The FDA provides updates and consumer guidance on recalls through its online portal.
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Rick Rieder, a BlackRock executive, is a potential candidate to become the next Federal Reserve Chair. He commented on the ongoing discussions and issues surrounding the role, stressing the importance of making decisions based on data. The current Fed Chair, Jerome Powell, is under investigation by the Trump administration related to his actions and statements about interest rates.
Key Facts
Rick Rieder works for BlackRock as the Chief Investment Officer of global fixed income.
Rieder is a candidate for the Federal Reserve Chair position once Jerome Powell's term ends in May.
The Trump administration is investigating Jerome Powell, focusing on his testimony about the Fed's building renovations.
Powell described the investigation as a tactic to pressure him to cut interest rates.
The Department of Justice has issued subpoenas to the central bank.
Rieder acknowledged reports of him being a finalist for the Fed Chair role but did not confirm an upcoming interview with President Trump.
Four finalists are reportedly in consideration for the Federal Reserve Chair position.
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More companies are using a co-CEO structure, where two people share the top executive role. This approach has grown from 11 companies in 2015 to 24 in 2024 in the Russell 3000 group. Co-CEOs help divide responsibilities, preventing burnout and allowing each to focus on their strengths.
Key Facts
Board Intelligence has had co-CEOs Jennifer Sundberg and Pippa Begg leading the company.
The number of companies with co-CEOs increased from 11 in 2015 to 24 in 2024 in the U.S.'s biggest public companies.
Major firms such as Oracle, Comcast, and Spotify appointed co-CEOs in 2024.
Top executives face burnout; 56% reported feeling burnt out in 2024.
Co-CEO roles can help executives take more personal time, like vacations or maternity leaves.
A study highlights that 60% of CEOs spend too little time with their families.
A co-CEO setup allows each leader to play to their personal strengths and divide tasks efficiently.
Female CEOs often take minimal maternity leave; co-CEO roles support extended maternity leave without job risks.
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President Donald Trump is concerned that the U.S. Supreme Court might rule against his tariffs, which could cause significant issues if businesses start claiming refunds. He argues that a negative ruling would make it difficult and costly to manage, potentially disrupting financial plans. Opponents argue that the tariffs exceed presidential authority and await the court's decision on their legality.
Key Facts
President Trump is worried about a Supreme Court decision that could overturn his tariffs.
If overturned, businesses may demand refunds, which Trump warns could be complicated.
Trump's tariffs are being challenged by small businesses and several U.S. states.
Critics say these tariffs exceed the president's authority under U.S. law.
The tariffs have brought in over $130 billion but are a fraction of total government revenue.
Two lower courts have previously ruled Trump lacked authority for these tariffs.
The Supreme Court has a conservative majority that is currently reviewing the case.
The White House is considering other legal options if the court ruling is unfavorable.
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President Trump suggests capping credit card interest rates at 10%, which he believes could save Americans billions of dollars. This idea is popular among some consumer advocates but faces opposition from banks and has low chances of becoming law without new legislation. The proposal comes amid concerns about high interest rates and credit card fees in the U.S.
Key Facts
President Trump proposes a 10% cap on credit card interest rates.
Analysis suggests a 10% cap could save Americans $100 billion.
The current average interest rate on credit cards is 25.2%.
Banks argue the cap could limit credit availability and reduce rewards programs.
The proposal requires new legislation, which is unlikely to pass.
Past similar bills, like one from Senators Sanders and Hawley, have not progressed in Congress.
Interest rates on credit cards rose sharply, and annual interest fees in 2024 were $160 billion.
Critics worry a cap could push consumers to use higher-cost options.
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The U.S. Department of Justice has started a criminal investigation into the Federal Reserve and its leader, Jerome Powell. Powell stated he will not give in to any political pressure while making decisions about the economy.
Key Facts
The Department of Justice is investigating the Federal Reserve and its chairman, Jerome Powell.
This investigation is described as criminal and unprecedented.
Jerome Powell has stated he will not yield to political pressure.
President Trump is involved in this situation, as Powell sees the investigation as a threat from him.
Amna Nawaz reported on these developments.
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President Trump and his Justice Department are involved in a criminal investigation related to Federal Reserve Chair Jerome Powell. Former Treasury Secretary Janet Yellen has spoken about these developments and their potential impact on economic stability.
Key Facts
President Trump is involved in a criminal investigation concerning the Federal Reserve.
Jerome Powell is the Chair of the Federal Reserve.
The investigation is being conducted by the Trump Justice Department.
Janet Yellen, who was Chair of the Federal Reserve from 2014 to 2018, discussed the situation.
Yellen also served as Treasury Secretary under President Biden.
The discussion focuses on the potential impact on economic stability.
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