Tag: business news stocks

Snack manufacturer launches Cereal Pop with Fruity Pebbles

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Business News
ORLANDO, FL. — SNAX-Sational Brands, a producer of flavored popcorn snacks, is partnering with Post Consumer Brands to launch Cereal Pop popcorn made with Fruity Pebbles. SNAX-Sational currently has two other lines of popcorn, Cookie Pop and Candy Pop, that each feature partnerships with notable companies in their respective sectors. The Fruity Pebbles partnership is the first product in SNAX-Sational’s new Cereal Pop brand. Like the Cookie Pop and Candy Pop brands, Cereal Pop is made using non-GMO corn and comes in at 150 calories per serving. Currently available at Sam’s Club in 20-oz “Club Size” bags, the all-new Cereal…

Riggs rises to president of Hershey salty snacks business

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HERSHEY, PA. — Kristen Riggs has been promoted to president of salty snacks at Hershey Co. Ms. Riggs has been with Hershey for more than 17 years, most recently as senior vice president and chief growth officer from January 2020 to November 2022. Previously, she was vice president of innovation and strategic growth platforms. Since joining Hershey in 2005 Ms. Riggs has held a range of leadership positions as well as roles in brand marketing, shopper marketing, global marketing and sales. Before joining Hershey, she worked as an engineer for Samsung Semiconductor in Austin, Texas. “Riggs is a dynamic Hershey…

Hunter Biden’s former business partner was willing to go before a grand jury. He never got the chance.

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A former business partner of Hunter and James Bidenwho worked directly with them on a 2017 China energy deal, was never asked to testify to a Delaware grand jury investigating Hunter Biden, two sources familiar with the discussions tell CBS News. Tony Bobulinski, the former business partner, was open to testifying, and his attorney reached out to the office of Delaware US Attorney David Weiss. Weiss did not return their calls, the sources said. Weiss’ decision not to bring Bobulinski is the latest indication that prosecutors investigating Hunter Biden may have avoided investigating allegations about his father, President Joe Biden.…

Apple became the first company to have a market cap topping $3 trillion

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Apple’s market cap topped $3 trillion on Friday, as shares rose about 1% to a new high and passed the $190.73 price required to hit the milestone, according to CNBC’s most recent share count. Apple was the first company to hit a $3 trillion market cap during intraday trading in January 2022, but it failed to close at that level. It has another shot to do that on Friday. It shows investors remain bullish on the stock and Apple’s portfolio of products and services, despite the company’s warning in May that its current quarter revenue is expected to fall about…

How student loans keep some people trapped in debt

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When Samuel Bonne received $15,000 in student grants to fund his studies, he wasn’t expecting to have to pay it back. But just two years later — in the middle of the pandemic — those grants were converted to loans. At the end of his sophomore year at the University of Toronto, the Ontario Student Assistance Program (OSAP) asked Bonne, originally from Mauritius, for his parents’ financial documents, but they couldn’t provide them. “My dad works in Kenya and my mom doesn’t work,” said Bonne. “So I ended up having $15,000 in loans that I did not know about.” Bonne,…

Ex-TikTok executive says Chinese government used app to locate, identify Hong Kong protesters

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A former executive at ByteDance, the Chinese company that owns the popular short-video app TikTok, says in a legal filing that some members of the ruling Communist Party used data held by the company to identify and locate protesters in Hong Kong. Yintao Yu, formerly head of engineering for ByteDance in the United States, says those same people had access to US user data, an allegation that the company denies. Yu, who worked for the company in 2018, made the allegations in a recent filing for a wrongful dismissal case filed in May in the San Francisco Superior Court. In…

Artificial intelligence threatens extinction, experts say in new warning – Business News

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AI an extinction threat? The Associated Press – May 30, 2023 / 6:49 am | Stories: 429253 Photo: The Canadian Press OpenAI CEO Sam Altman. Scientists and tech industry leaders issued a new warning Tuesday about the perils that artificial intelligence poses to humankind. “Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,” said the statement posted online. Sam Altman, CEO of ChatGPT maker OpenAI, and Geoffrey Hinton, a computer scientist known as the godfather of artificial intelligence, were among the hundreds of leading figures who signed…

Adidas is selling Yeezy shoes again after cutting ties with Kanye West

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Some of Adidas’ remaining Yeezy shoes are back on sale — months after the German sportswear company cut ties with Ye, the rapper formerly known as Kanye West. Adidas ended its years long partnership with Ye in late October, in light of his antisemitic remarks and other harmful behavior. In the months that followed, the fate of $1.3 billion worth of unsold Yeezys remained unknown — until earlier this month, when Adidas CEO Bjørn Gulden announced the company would be selling a portion of the remaining inventory and donating some of the proceeds to social justice organizations . The first…