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U.S. consumer prices climbed sharply again last month as the 10-week war with Iran delivered higher gasoline prices and more pain for Americans. The Labor Department’s consumer price index rose 3.8% from April 2025, the biggest jump in three years, and up from a 3.3% year-over-year gain in March. On a month-to-month basis, April prices rose 0.6% from March as gasoline prices rose 5.4%, according to the data released Tuesday. The month-over-month gain was down from a 0.9% increase in overall prices from February to March, when the initial financial shock from the war hit the U.S. economy. Labor Department figures showed that gasoline prices are up more than 28% com…

More than three dozen snack products sold under numerous brand names are being recalled due to fears that one of their ingredients could be contaminated with the potentially deadly bacterium Salmonella. Here’s what you need to know about the snacks recall. What’s happened? Beginning last month, a company called California Dairies Inc. recalled buttermilk and bulk powdered milk distributed to manufacturers over fears that the ingredients could be contaminated with Salmonella, according to a safety alert posted by the U.S. Food and Drug Administration (FDA). Since that initial recall, numerous other brands have recalled their own products that used the recalled i…

It’s not often that a serious medical condition gets renamed, but that’s the case now for a condition that impacts one in eight women. Polycystic ovary syndrome, a hormonal disorder long known as PCOS, will now be called PMOS – short for polyendocrine metabolic ovarian syndrome. The new name, announced Tuesday at the European Congress of Endocrinology and published in leading medical journal The Lancet, aims to more accurately describe the syndrome and make diagnosis easier for people who suffer from it. A group of specialists who worked to rename the condition criticized its longstanding name as inaccurate, explaining that misunderstandings about its features led…

Yes, you read that right: Brain-eating amoeba have been found in two popular U.S. national parks, according to a recent study from the U.S. Geological Survey, and a number of other institutions, published in the American Chemical Society’s journal, ES&T Water. Here’s what to know. What happened? Researchers took 185 water samples from five popular U.S. national parks, looking at “40 thermally impacted recreational waters” at Yellowstone National Park, Grand Teton National Park, Lake Mead National Recreation Area, Olympic National Park, and Newberry National Volcanic Monument over an eight year period from 2016 to 2024. What they found revealed widespre…

Known for their unique flavors and vibrant designs, Japanese snacks are coveted around the world. But now, thanks to geopolitical tensions, one of Japan’s biggest snack makers is deciding to dial back its vibrant packaging, at least temporarily. Tokyo-based snack company Calbee announced Tuesday a creative response to supply chain disruptions caused by the blockade in the Strait of Hormuz—taking its brightly colored packaging and turning it monochrome. According to a statement issued by the company, Calbee will temporarily convert its colorful packaging to grayscale, for 14 product variants of their Potato Chips, Kappa Ebisen, and Frugra snacks. Buyers can exp…

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Speaking at the Bank of America Housing Symposium in June 2025, Toll Brothers CEO Doug Yearley—who has since stepped down—acknowledged that parts of Arizona, Florida, and Texas were dealing with spec inventory “overhangs” that he said would eventually “clean up [over time] because the builders are starting fewer spec homes in the softer market, and I think that will naturally work its way out.” At the height of the Pandemic Housing Boom, when nearly everything homebuilders were building was flying off the shelves, there were only 32,000 unsold completed ne…

The country that gave the world ABBA punches far above its weight in global pop music. In early April, Zara Larsson was the fourth-biggest female artist on Spotify, behind Taylor Swift, Olivia Dean, and Raye. The month prior, Larsson had become the first Swedish artist to top the Billboard Global 200. Her fans were delighted. So were Swedes. Sweden’s music industry is a clear example of soft power. An army of Swedish songwriters and producers appear in the credits of pop hits. Max Martin has written more chart-toppers than anyone except Paul McCartney. The Swedish House Mafia, Avicii, and Robyn are household names. With a population of just 10.6 million people, Sw…

Retail giant Walmart Inc has confirmed that it will eliminate some jobs. However, the affected positions will not impact the company’s retail staff, which makes up the overwhelming majority of its 1.6 million-strong U.S. workforce. Here’s what you need to know about Walmart’s latest round of layoffs. What’s happened? On Tuesday, the Wall Street Journal reported that Walmart would lay off or relocate around 1,000 members of its corporate workforce, citing people familiar with the situation. Walmart has now confirmed to Fast Company that it is eliminating some roles, without specifying the exact number of positions to be cut. A company spokesperson provided …

While a lot of folks embrace the futuristic vibe of autonomous cars, two veteran mobility entrepreneurs quickly spotted a looming chokepoint in their scaling efforts. The robotaxi industry desperately needs a faster, more streamlined way to service its fleets if it hopes to become profitable. George Kalligeros, a Greek car enthusiast and former Tesla engineer, and the British business strategist Dan Keene were all too aware of new mobility infrastructure. They’d navigated similar logistics with their London startup Pushme Bikes, a massive battery-swapping network for shared e-scooters & e-bikes that raised $600 million before selling to Germany’s Tier Mobility in 202…

When Luis von Ahn, Duolingo’s CEO, sent an internal memo about AI last year, he didn’t expect it to go viral—or to ignite a firestorm about the future of work. Now he unpacks what he got right, what he got wrong, and what the backlash taught him about the real limitations of AI. It’s a candid reckoning with hype, growth, and the surprisingly complicated promise of technology in education. This is an abridged transcript of an interview from Rapid Response, hosted by the former editor-in-chief of Fast Company, Bob Safian. From the team behind the Masters of Scale podcast, Rapid Response features candid conversations with today’s top business leaders navigating real-time ch…

The Wendy’s Company could go private if billionaire Nelson Peltz has anything to say about it. The Trian Fund Management cofounder is looking for outside investors to help with a takeover of Wendy’s, the Financial Times reports. The news isn’t exactly surprising—in February, Trian used its regulatory filing to announce it might sell its stake or attempt a takeover of Wendy’s. Peltz and Trian currently own a 16% stake in Wendy’s, along with the Peltz family’s minority stake in a New York-area Wendy’s franchise owner. Peltz’s son, Bradley Peltz, and Trian cofounder and president Peter May are also on the board of Wendy’s. Fast Company reached out to Trian and W…

Americans paid more for their groceries last month, but high gasoline prices resulting from the Iran war were only one of the reasons why. Prices for food eaten at home rose 2.9% in April compared to the same month a year earlier, according to government figures released Tuesday. That was the highest year-over-year inflation rate for the category since August 2023. Prices at restaurants, fast-food chains and other places to get prepared meals also increased, putting overall food prices up 3.2% in the last year, the Labor Department’s consumer price index showed. Fuel prices have soared while the Iran war prevents cargo ships from passing through the Strait of Hormuz, a…

Anthropic has just announced Claude Design, a tool that lets teams generate and iterate visual design outputs through natural-language prompts. On the surface, it’s hard not to like the proposition: competent layout and typography on demand, fewer blank-page moments and faster shipping for everything from landing pages to pitch decks. When it comes to typography, it will make design faster, easier and cheaper. The problem is that it also makes design more likely to converge, because it defaults to what works: what’s legible, familiar and proven. In other words: safe, usable, generic. That genericness isn’t just an aesthetic issue. It reduces recognition, makes brands ea…

Yeti’s logo is simple: just its name written in an all-caps sans-serif font, placed within a rounded rectangle. But to speak to new consumers, they’re getting rid of the one element that gives it brand recognition. In a new campaign created in collaboration with Wieden+Kennedy Portland, Yeti deleted the “Yeti” in its logo to make room for other four-letter words, like “Hike,” “Surf,” Golf,” “Fish,” “Hunt,” and “Snow.” They’re all written in the Yeti brand font, which closely resembles the bold grotesque sans serif Archivo Black. For the company, which was founded in 2006 and marks its 20th anniversary this year, it’s about broadening its reach. The word variat…

You won’t want to miss a chance to look up tonight into the sky, in the early morning hours on Thursday, May 14. Before dawn, skywatchers are in for a treat with a rare sighting of the moon, Saturn, and Mars as they a form a gorgeous, cosmic triangle in May’s dark sky. Here’s everything to know about this unique skywatching event. What’s happening? The moon, Saturn, and Mars will form a cosmic triangle as the sun rises before dawn in the early hours of Thursday morning. The razor-thin moon will be in its waning crescent phase (day 27 of its 29.5 day cycle), and appear as a mere sliver in the sky, as only 8% will be lit up by the sun, according to Space.com.…

In Seattle, the average price of a gallon of gas is now $5.96, a 30-cent increase from only a month ago and a $1.50 increase from a year ago. The United States and Israel’s conflict in Iran, and the constricted flow of oil through the Strait of Hormuz, has caused gas prices across the country to soar. That’s made workplace commutes more costly for Americans already facing an affordability crisis. For students, staff, and faculty at the University of Washington, though, they have a new way to get to work if they want to ditch their cars. The university recently set up a partnership with Ridepanda, which allows companies to offer e-bike and scooter subscriptio…

China’s Alibaba said that growth accelerated for both its artificial intelligence and cloud businesses in the latest quarter, driven by the AI boom, even though overall revenue rose just 3% to 243 billion yuan ($36 billion). Revenue from its Cloud Intelligence Group, which focuses on cloud computing and AI developments, jumped 38% in the January-March quarter from a year ago to 41.6 billion yuan ($6.1 billion). That was faster than the 36% and 34% growth in the previous two quarters, respectively. However, Alibaba recorded an overall of 848 million yuan ($125 million) loss from operations for the quarter, a key measure of profitability of its core operating busine…

In 2011, Palantir created a combined role for their solutions engineers and integration engineers. The company called this new role “forward-deployed engineers,” or FDEs, for short. An Andreessen Horowitz blog post dubbed the recasting “title arbitrage,” arguing that Palantir had created this new title to signify the important, new capabilities and powers evolving at the company. Put simply: FDEs are people who can sell AI products to businesses while also teaching AI models how to work for said businesses. More than a decade after Palantir popularized the title, tech CEOs are betting that FDEs are the next big thing in the industry. “Forward deployed engineers, o…

According to Amazon employees, the company is pushing them to incorporate more and more AI in their workflows. What exactly they should be using it for is less clear—leaving the door open for employees to waste AI resources on unnecessary tasks. As detailed in a new report by The Financial Times, Amazon employees are reportedly using the company’s new internal AI tool MeshClaw to create extraneous AI agents, not to increase productivity, but to drive up AI activity. The employees say Amazon is tracking their consumption of AI tokens, incentivizing some of their colleagues to prioritize quantity over quality when it comes to the technology. Amazon employees sou…

Cinemark is giving customers a break at the box office this summer. The movie chain that operates over 300 theaters in the U.S. just announced it’s offering a major deal on tickets as part of its Summer Movie Clubhouse program. The program, which kicks off on May 13, will bring a series of family-friendly films to 285 Cinemark theaters across the country. Showings will run from June 1 through August 6, but tickets are already available on Cinemark.com, in the app, and at participating box offices. The price for tickets? Just $1.75. “We continue to see that younger audiences treasure the shared, immersive experience of going to the movies, and Cinemark is thr…

Multiple reports this week revealed that General Motors is cutting hundreds of jobs in its IT department—but not with the intent to replace them outright with AI. The layoffs are reportedly impacting about 600 employees, or about 10% of the IT team, and the job cuts are partly designed to allow the company to bring on new employees with specific AI skills. General Motors has confirmed the layoffs and suggested they were part of a broader change to its IT operations. “GM is transforming its Information Technology organization to better position the company for the future,” a company spokesperson said in a statement. “As part of that work, we have made the difficult decis…

Anthropic on Wednesday launched Claude for Small Business, a new package of agentic workflows, skills, and connectors designed to automate business tasks common to smaller companies. Claude for Small Business includes workflows for payroll planning, month-end close, business performance monitoring, and marketing campaign management. It also includes skills, or reusable capability packages for AI agents, focused on cash-flow forecasting, invoice chasing, contract review, lead triage, content strategy, and more, Anthropic says. Users get connectors, or integrations, to commonly used platforms including QuickBooks, PayPal, HubSpot, Canva, DocuSign, Google Workspace, …