Business

President Donald Trump is poised to sign an executive order on Thursday, facilitating the sale of TikTok's US assets to a consortium of predominantly American investors. However, the transaction remains contingent upon regulatory approvals from both the United States and China.

A recent study by Google reveals a significant increase in the use of artificial intelligence among technology professionals, with 90% of workers now employing AI for tasks like coding, marking a 14% rise from the previous year.

Grocery prices surged last month at their most rapid rate in three years, driven by tariffs imposed by the Trump administration, a stringent immigration crackdown, and adverse weather conditions. These factors have disproportionately affected low- and middle-income Americans, altering their shopping habits and intensifying economic stress.

The United States is poised to gain control over TikTok's algorithm as part of the acquisition of the app's US operations, with a deal anticipated to be finalized imminently. Oracle is set to oversee data and privacy management for TikTok within the United States.

The unemployment rate for Black workers has climbed to 7.5% in August, marking its highest point since October 2021. This increase is seen as a potential indicator of an economic downturn, with significant repercussions for Black communities and small businesses reliant on Black consumer spending.

Professional tennis player Sachia Vickery has turned to OnlyFans to supplement her income during a shoulder injury, achieving substantial earnings in a brief timeframe despite prevalent misconceptions about the platform.

Target CEO Brian Cornell is stepping down after 11 years at the helm, amidst declining sales and criticism over the company's rollback of diversity, equity, and inclusion initiatives. Michael Fiddelke, currently the Chief Operating Officer, will assume the role on February 1, 2026.

McDonald's has announced a 15% reduction in the prices of its combo meals, alongside the introduction of a $5 breakfast deal and an $8 Big Mac and McNugget special. This move comes as the company addresses consumer concerns regarding the rising costs of its menu items.

Dollar General's sales increased 2.4% last quarter, beating analysts' expectations and gaining market share from competitors, while the company also raised its profit forecast for the year.

Faith leaders nationwide marked the fifth anniversary of George Floyd's murder with prayer vigils at Target stores, symbolizing a decisive end to the economically exploitative relationship between Black communities and the retailer, and announcing a full cancellation of the boycott.