J.M. Smucker Co. plans to remove artificial colors from its products by the end of 2027. Orrville, Ohio-based Smucker said Thursday it will also remove synthetic dyes from foods sold to K-12 schools by the 2026-2027 school year.
Nike’s shares jumped at the opening bell Friday after the company said it’s shifting some production away from China. But it also warned that tariffs imposed by the Trump administration will cost it about $1 billion before it makes internal changes, which include “surgical” price increases in the U.S. starting this fall.
Excerpts from recent editorials in the United States and abroad:
NEW YORK (AP) – Hundreds of millions of ‘Buy Now, Pay Later’ loans will soon affect credit scores for millions of Americans who use the loans to buy clothing, furniture, concert tickets, and takeout.
LONDON (AP) – The former chief executive of Barclays Bank, Jes Staley, lost a legal challenge Thursday against a 2023 decision by Britain’s financial regulator to ban him from holding senior financial roles in the United Kingdom for misleading it over the nature of his relationship with the late sex offender Jeffrey Epstein.
LONDON (AP) – British oil giant Shell on Thursday denied media reports that it is in talks to buy rival BP. The Wall Street Journal on Wednesday said Shell was holding “early stage talks,″ to acquire BP, citing people familiar with the matter.
WASHINGTON (AP) – Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump’s sweeping tariffs will likely push up inflation in the coming months, even as some Republican senators suggested the chair was biased against the duties.
WASHINGTON (AP) – Iran launched missiles at a U.S. military base in Qatar on Monday, threatening to stoke a wider conflict in the Middle East, a region that supplies the world with about a third of the oil used globally every year. That same day, benchmark U.S. crude tumbled more than 7%.