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Chevron will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said on Wednesday as it seeks to cut costs, simplify its business, and complete a major acquisition. The No. 2 U.S. oil producer has faced production challenges including cost overruns and delays in a large Kazakhstan oilfield project. Its $53-billion deal to acquire oil producer Hess and gain a foothold in Guyana’s lucrative oilfield is in limbo due to a court battle with larger rival Exxon Mobil, which has more aggressively expanded its own production. Chevron also faces industry-wide weakness in the refining business and the expectation that oil prices could be unde…

The last time I set foot in this historic Chicago mansion built in the heart of Michigan Avenue, I’d been served one less-than-generous slice of lukewarm prime rib. This is back when it was a Lawry’s steakhouse. I remember white tablecloths, silver serving trays, one decent staircase, and just the stodgiest of old rooms that felt less like I was in the Gilded Age than at a funeral parlor. Now, when I step inside the lobby, a large wooden door slides open in front of me. I enter a room with a ringing telephone. And when I pick it up, my journey begins . . . With the help of the architecture firm Rockwell Group and the design firm Pentagram, the McCormick mansion h…

White smoke at the Vatican can only signal one thing: A new pope has been elected. But online? A flurry of memes are roasting the traditions of the Pope’s midwestern roots. Just hours after the conclave concluded, electing Chicago-born Cardinal Robert Provost as pontiff (who will now go by the name Leo XIV), users all over social media are taking part in stereotype-laden antic, associating the Pope with deep pizza, sports, and, of course, Malört. The r/Chicago Reddit thread is flooding with papacy-related memes. In one post, an image of a Catholic priest holding the sacramental bread has been edited to turn the wafer into a Chicago-style deep dish pizza. Th…

Chick-fil-A says it’s testing out a stand-alone drinks-focused restaurant concept. Called Daybright, the new concept will open this fall outside Atlanta, Chick-fil-A tells Fast Company. It’s being brought to life by Red Wagon Ventures, a Chick-fil-A subsidiary and business incubator named after founder Truett Cathy’s first business selling Coca-Cola out of a red wagon when he was 6 years old. “We look forward to sharing more details in the future,” Chick-fil-A says about the concept. Though there’s not yet a public menu for Daybright, it’s expected to serve coffee, smoothies, and cold-pressed juice alongside a limited selection of food. But sorry, peach milksh…

The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) issued a public health alert on Wednesday for frozen, dinosaur-shaped, ready-to-eat chicken nuggets that may contain unsafe levels of lead. The “Dino shaped chicken nuggets” were sold at Walmart locations nationwide. The FSIS did not request a recall, because the nuggets are no longer available for purchase. However, the agency is concerned some bags may still be in consumers’ freezers. The problem was discovered during routine surveillance sampling conducted by a state partner. In the meantime, the USDA’s Food Safety and Inspection Service continues to investigate this issue. Wha…

The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) has issued a public health alert regarding Wegmans’s frozen fully cooked chicken breast nuggets. The alert, released on Monday, January 27, highlights concerns that the nuggets may be contaminated with extraneous material, specifically bone fragments, according to a notice on the USDA’s recall page. The FSIS says it became aware of the issue after multiple consumers reported finding such fragments in the chicken, although no injuries have been confirmed related to the product. A recall has not been issued since the product is no longer available for purchase. However, consumers …

In the span of three plays in the second quarter of the most-watched event on television, Kansas City Chiefs quarterback Patrick Mahomes was sacked multiple times before launching the football soaring through midair—only for it to be intercepted and returned for a touchdown by his opponent, the Philadelphia Eagles. And as that series of unfortunate events unfolded for the Chiefs at Super Bowl LIX, it seemed America rejoiced. As one X user wrote before the big game: “The amount of people I know who will be rooting for the Eagles simply because they don’t want the Chiefs to win is a beautiful thing. Hate conquers all.” Hate conquering all certainly seemed to be the …

Nearly 90,000 bottles of children’s ibuprofen have been recalled across the United States, according to an enforcement report this week from the Food and Drug Administration (FDA). Strides Pharma Inc. has recalled 89,952 bottles of Children’s Ibuprofen Oral Suspension following customer complaints of a “gel-like mass and black particles” in the medicine. The India-based company had manufactured the ibuprofen for Taro Pharmaceuticals U.S.A., Inc. based in Hawthorne, New York. The recall comes from Strides Pharma’s Bridgewater, New Jersey, subsidiary. Strides Pharma initiated the recall on March 2, with the FDA labeling it a Class II recall on Monday, March 16…

In the history of the National Assessment of Educational Progress (NAEP), eighth-grade reading scores have never been this low. According to new data, 33% of eighth graders in the United States have “below basic” reading levels. That’s even below the sub-proficient level, “basic,” at which 37% of eighth graders score. The NAEP has been administering their reading assessment since 1992, when 31% of eighth graders were “below basic.” But then it went down; in 2013, that “below basic” figure reached a low of 22%. Now, it’s reached an all-time peak. When reading scores go down, blame is inevitably pointed at teachers. Twenty-four years ago, then-President George Bush…

Americans can’t get enough chicken—brands like Raising Cane’s and Chick-fil-A have risen as fast-food superstars while others race to consolidate their spot as winners of the chicken sandwich wars. Now, Chili’s is entering the game in a big way. Value menus, a staple of chain and fast-food restaurants, bundle multiple menu items at a discounted price, giving customers a full meal without the full cost. Now, Chili’s—whose value meal includes an entrée, fries, a soda, and bottomless chips and salsa—is adding chicken sandwiches to the mix. “We’re setting our sights on fast food chicken sandwiches, offering our gigantic Big Crispy and Spicy Big Crispy chicken sandwich…

Chili’s Grill & Bar turned 50 this year. But as a new generation of diners is learning, it’s still got it. Thanks to a series of well-timed marketing efforts—and at least one viral hit appetizer—diners are flocking to the restaurants, which just posted a same-store sales increase of more than 30 percent in its last fiscal quarter. Traffic is up more than 20 percent. Kevin Hochman, CEO of Chili’s parent Brinker International, credits some of this success to operational adjustments: better kitchen technology, better cook training, and a recent dishwasher-listening tour in which the often invisible, but absolutely vital, employees who clean the chain’s dishes were as…

Digital banking fintech firm Chime disclosed a rise in 2024 revenue in its IPO filing on Tuesday for a long-awaited U.S. stock market launch. Financial technology companies have increasingly entered the U.S. lending space, aiming to wrest market share from major players such as JPMorgan Chase, Bank of America and Citigroup. Chime’s revenue rose to $1.67 billion in the fiscal year ended 2024, up from $1.28 billion, a year earlier. The IPO window has reopened as markets recover sharply amid progress in trade talks, offering companies an opportunity to list their shares after months of turbulence driven by tariffs. A strong debut by Chime could pave the way f…

Cambodia and China have signed a $1.2 billion deal to finance an ambitious canal project that aims to boost trade efficiency by linking a branch of the Mekong River near Phnom Penh to a port on the Gulf of Thailand, the Cambodian government agency heading the project announced Friday. The deal to fund the Funan Techo Canal was signed Thursday during the state visit to Cambodia of Chinese President Xi Jinping, the agency said in a news release. Xi returned home Friday after a three-nation Southeast Asian tour that also included Vietnam and Malaysia. Construction of the 151.6-kilometer (94-mile) canal began last year but was halted shortly after the Aug. 5 groundbre…

China has become the first nation to outlaw the Tesla-style concealed door handle. Demanded by Elon Musk against the safety concerns of his own engineers, the handle and its electronic opening mechanism have been implicated in multiple fatal incidents where trapped passengers couldn’t open their doors from the inside, and emergency rescuers could not access from the outside. The Chinese Ministry of Industry and Information Technology issued new safety rules, mandating all cars sold in the country must feature a mechanical release accessible from both the inside and outside. The new law—which takes effect on January 1, 2027—kills the flush, electronic handles that have inc…

Rare earths’ monopoly. Unrivaled manufacturing supply chains. Free AI models that rival, or surpass, its American counterparts. More research papers and more STEM doctorates than anyone else. If you are reading a lot about these topics lately, you know how China’s decades-long strategy to become the top global superpower—and the greatest threat to U.S. world domination—is coming to fruition. What you may not be aware of is the other crucial part of Beijing’s plans; its industrial ramp up to dominate the most crucial resource on the planet: the oceans. China’s pursuit of maritime dominance has shifted from a regional ambition to a global reality, driven by a “breakneck…

Chinese aerospace giant Comac has unveiled its plans for the C949, a supersonic aircraft designed to fly 50% farther than the Concorde and produce sonic booms quieter than a hairdryer. Scheduled to debut in 2049—coinciding with the centenary of the People’s Republic of China—the aircraft positions China to challenge US supersonic projects like NASA’s X-59 and Boom Supersonic’s Overture in a race to redefine global air travel. “The most important thing here is that this shows supersonic is a race—and China’s interested,” says Blake Scholl, CEO and founder of Boom Supersonic. “Advanced airplanes symbolize technological superiority, and it’s no accident that China wants …