Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
The TJX Companies, Inc., the parent company of TJ Maxx, Marshalls, and HomeGoods has been slapped with a heavy fine after it was discovered to sell some recalled baby products. It has agreed to pay the fine of $13 million.
As per CNN Business, most of the recalled products were still sold at TJX’s subsidiaries - TJ Maxx, Marshalls, and HomeGoods retail outlets. These three are popular discount department store chains in the United States, and some of the items they continued selling despite the recall order include the Fisher-Price Rock 'n Play Sleepers, Kids II Rocking Sleepers, and the Fisher-Price Inclined Sleeper Accessory for Ultra-Lite Day & Night Play Yards.
These recalled items for infants were also said to have been sold on the stores’ online outlets. The products were previously pulled out from the market due to the risk of suffocation and death in infants.
The U.S. Consumer Product Safety Commission (CPSC) said that through its department store brands, TJX sold and distributed more than 1,000 consumer products that were already recalled for five years.
The CPSC indicated that federal law forbids the sale, distribution, or offer for sale of a product that has been recalled as they are apparently not safe to be used. It was revealed that TJX and the product safety commission jointly announced that the former sold the said recalled items. During the checking, they also found three more recalled products on the inventory list.
Fox Business reported that in addition to the $13 million fine, TJX will also organize a program to make sure that it will comply with the policies under the Consumer Product Safety Act. Then again, the company asserted that the settlement does not represent admission nor a determination by the CPSC that TJ Maxx knowingly breached the Safety Act. The company said that it actually bans the sale of any recalled products in its stores.
Still, TJX issued a statement regarding the matter saying, "We deeply regret that in some instances between 2014 and 2019, recalled products were not properly removed from our sales floors despite the recall processes that we had in place."
