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After a two-year battle with regulators, a federal judge ruled in late December to block the merger of grocery behemoths Kroger and Albertsons. The deal fell apart after facing significant pushback—and a lawsuit—from the Federal Trade Commission under the Biden administration, in part over concerns that unionized grocery workers would have less leverage to negotiate wage increases and respond to layoffs following a merger. Those concerns were not unfounded: The overwhelming majority of grocery workers (92%) are frontline staff in nonsupervisory positions, according to data from the Bureau of Labor Statistics—and as industry leaders, Kroger and Albertsons employ 28% o…

Behind the curtain of generative AI breakthroughs and GPU hype, a quieter transformation is taking place. Data center architecture and its prowess have become a fierce battleground as AI models expand in size and demand ever-greater compute power. Today, AI’s performance, scalability and cost are all tied to the choice of network fabric. Broadcom, once known for its dominance in networking and semiconductors, is back on the rise as one of the most consequential players in AI’s infrastructure revolution. “There’s a shift happening in the market. Today, real AI innovation isn’t just limited to models or the infrastructure—it’s in what connects them,” Ram Velaga, senior …

Beleaguered pharmacy chain Rite Aid has officially filed for Chapter 11 bankruptcy protection after weeks of media reports suggesting that it was on the cusp of doing so. The bankruptcy is Rite Aid’s second in two years, and it leaves a lot of questions for both customers and employees, including whether stores will be closing, if there will be layoffs, and what happens to customers’ prescriptions. Here’s what you need to know about Rite Aid’s second bankruptcy. Why did Rite Aid file bankruptcy the first time? Rite Aid originally filed for bankruptcy in 2023. It emerged from the process less than a year ago, in 2024, with the hopes of being in a better fi…

Pinterest fans are nothing if not loyal. Many have spent years—sometimes decades—carefully curating boards filled with wedding inspiration, home decor ideas, fashion, and more. Now users are logging in only to find themselves locked out of their accounts without warning, with all their pins gone. Frustrated users have taken to platforms like X and r/Pinterest to vent. The comment sections on Pinterest’s official Instagram and TikTok pages are flooded with pleas from angry users demanding answers. “I had a beautiful Pinterest board with over 26,000 of the most beautiful images and my account was just permanently banned,” one user posted on X. “Pinterest you will be…

Ikea just debuted its first-ever rewards program for customers in the U.S., and it could mean a major discount on your next plate of Swedish meatballs—or even a price cut on a new vintage-inspired piece of furniture. The rewards program launches today, and it allows shoppers to accrue points for a range of actions and then redeem them for various discounts. The rewards are a free add-on to Ikea Family, the store’s existing loyalty program (which is also free to join and currently boasts around 24 million members). Any current members of Ikea Family will automatically be enrolled in the rewards program, and new members who sign up will start earning points automaticall…

Design-minded home goods brand Simplehuman recently released a product that’s a little out of its wheelhouse—a limited-edition tequila with distillery Nosotros. It may be the company’s first foray into spirits, but the brand already knows how to work with the Weber blue agave that made the tequila. The agave fibers on Simplehuman’s Soapwell sponge begin their life cycle by being pressed into Nosotros tequila at the company’s distillery in Tequila, Mexico. Nosotros then supplies its leftover agave fibers to Simplehuman. The $100 Nosotros x Simplehuman Blanco tequila is made out of that same agave, and was released to mark a year that Simplehuman has been spinning the f…

Back in the 1930s, Robert W. Woodruff, president of the Coca-Cola Co., would carry a red swatch in his wallet. Of course, it wasn’t just any red. It was Coca-Cola red. And so anywhere he went and encountered his brand—painted on a wall, wrapping a refrigerator—he would pull out the little swatch to check that it matched. Woodruff understood the importance of Coca-Cola’s brand equity as it expanded globally—a challenge that has only grown since, now that Coca-Cola sells 2.2 billion servings a day across 200 countries, 150 languages, and 30 million points of sale. But where Woodruff used a swatch, Coca-Cola’s design team has spent the past four years dreaming up a modern op…

Just beyond a fenced-off access road in fields of tall grass on public land in Pennsylvania’s northwest sits a natural gas well pad that sat idle for close to a decade. The old fracking site suddenly roared back to life in 2022, spewing noise and pollution and rattling residents who were used to hunting pheasant on the quiet, bucolic terrain. Diversified Energy turned on the well pad, known as Longhorn Pad A, to funnel the natural gas into on-site generators powering cryptocurrency-mining supercomputers that churn away at numbers at all hours. The company set up and started the mine without securing a required air quality permit from state regulators, Capital & Ma…