This week in business: Cinnamon scares, AI badges, and gold's big glow-up
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This week in business: Cinnamon scares, AI badges, and gold's big glow-up
"The FDA expanded its list of ground cinnamon products to avoid, citing testing that found elevated lead levels and urging consumers to discard affected items. Sixteen products now sit on the list, spanning multiple distributors and retailers with specific lots and best-by dates. No illnesses are confirmed, but the agency warns long-term exposure can harm children's development, and the list has grown through multiple updates since July 2024."
"Retailers, at least, seem to be thriving in chaos. Walmart doubled down on AI, cutting a deal with OpenAI so shoppers can chat their way through checkout, then followed up with plans to blanket its supply chain in smart sensors. Over in the cultural corner, major news outlets refused to play ball with the Pentagon's new press rules, and the Boy Scouts-now Scouting America-rolled out merit badges in AI and cybersecurity."
Health regulators advised discarding multiple ground cinnamon products after testing found elevated lead; sixteen products across distributors and retailers are listed with specific lots and best-by dates, and long-term exposure can harm children's development. A fintech startup launched a $300-a-year premium card for affluent non-residents with U.S. assets that requires no Social Security number, offers travel perks, WhatsApp-based AI-assisted service, and has seed funding and banking partners. Some student loan balances were canceled while airport operations experienced related fallout. Bitcoin fell as gold gained attention, and housing affordability calculations remained unfavorable. Retailers increased AI investments, and Scouting America added AI and cybersecurity merit badges.
Read at Fast Company
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