This week in business: Cinnamon scares, AI badges, and gold’s big glow-up
Investors ran to gold, borrowers got long-awaited relief, and even Scouts earned AI badges. Everyone’s adapting—some faster than others.
Emily Price
Your pantry, your portfolio, even your flight plans all made headlines this week.
The FDA turned everyone’s favorite spice into a hazard warning, while
the world’s wealthiest got a new credit card that skips the whole
Social Security number thing. Washington’s still stuck in neutral—though
a few lucky borrowers are finally seeing their student loans
disappear—and airports are feeling the fallout. Meanwhile, Bitcoin’s on a
downward spiral, gold’s having a moment, and the housing market’s math
still doesn’t add up no matter how many times you punch the calculator.
Retailers, at least, seem to be thriving in chaos. Walmart doubled down on AI,
cutting a deal with OpenAI so shoppers can chat their way through
checkout, then followed up with plans to blanket its supply chain in
smart sensors. Over in the cultural corner, major news outlets refused
to play ball with the Pentagon’s new press rules, and the Boy Scouts—now
Scouting America—rolled out merit badges in AI and cybersecurity.
If that sounds like a lot, it is. The throughline? Whether it’s your
cinnamon or your shopping list, everything familiar is getting rewired
in real time. Here’s a look at what made headlines this week.
FDA widens ground cinnamon warning over elevated lead
The FDA expanded its list of ground cinnamon products to avoid,
citing testing that found elevated lead levels and urging consumers to
discard affected items. Sixteen products now sit on the list, spanning
multiple distributors and retailers with specific lots and best-by
dates. No illnesses are confirmed, but the agency warns long-term
exposure can harm children’s development, and the list has grown through
multiple updates since July 2024.
A premium no-SSN card takes aim at AmEx Platinum’s turf
Fintech startup Karta unveiled a $300-annual-fee premium card
for affluent non-residents with U.S. assets—no Social Security number
required. Perks mirror marquee travel cards (lounges, events,
protections), and the product is managed via WhatsApp with AI-assisted
service. Backed by $5.4 million in seed funding and 22 banking partners,
Karta is targeting customers hit by steep foreign card fees and the
wind-down of AmEx’s International Dollar Card.
IBR student-loan forgiveness resumes for eligible borrowers
Notices are landing in inboxes for borrowers on the Income-Based Repayment student loan plans
who’ve hit 20- or 25-year payment thresholds. The move restarts
discharges paused in July amid systems updates and litigation fallout.
It’s not a new program—just the promised IBR relief catching up—so
borrowers should keep paying until they receive official confirmation.
Scouting America adds AI and cybersecurity merit badges
Scouting America introduced new badges covering machine learning basics,
prompt communication, deepfake awareness, and cybersecurity concepts
this week. The goal is to marry traditional “be prepared” ethos with
digital-age fluency. It’s also a retention play as membership has fallen
from historic peaks, with newer badges designed to meet kids where they
live—online.
Flight delays mount as shutdown enters week three
A mix of bad weather and shutdown-related staffing strain produced tens of thousands of flight delays across the long weekend.
Trade groups say flying remains safe, but chokepoints at Northeast hubs
added to traveler frustration. With Congress still gridlocked,
operational unpredictability remains the near-term baseline.
Bitcoin swoons while gold shines
After notching an all-time high earlier this month, Bitcoin slid to a four-month low
this week as investors rotated toward gold. Macro jitters—from tariffs
talk to the federal shutdown—pressed risk appetite. The move highlights
crypto’s evolving “safe-haven” narrative: sometimes it benefits from
stress, sometimes the old haven still wins.
Zillow: “Unrealistic” rate cuts needed for affordability
Back-of-the-envelope modeling suggests the average 30-year mortgage would need to drop to ~4.43%
to make a median home affordable to a median-income buyer (assuming 20%
down). In several coastal markets, even 0% rates wouldn’t fix the math
given taxes, insurance, and upkeep. Zillow’s takeaway: don’t bank on
rates—or prices—bailing out budgets soon.
Walmart to enable ChatGPT checkout with OpenAI
Walmart announced an “agentic commerce” tie-up so shoppers can purchase via natural language directly in ChatGPT.
The integration leans on OpenAI’s Instant Checkout and Agentic Commerce
Protocol, pitching fewer clicks and more personalization. Investors
liked the direction of travel, framing it as an on-ramp to AI-assisted
shopping at mass scale.
Major outlets reject Pentagon press rules
Major news outlets including The New York Times, AP, and Fox News have said they won’t sign the Defense Department’s new required policy governing access and information requests, leading them to leave the Penagon this week.
Newsrooms argue the rules impact routine reporting and set a
troubling precedent; the government says they’re common-sense
procedures. The standoff raises practical questions about credentialing
and transparency.
Walmart rolls out ambient IoT sensors across supply chain
In a parallel modernization push, Walmart plans millions of battery-free sensors on pallets
to track inventory across 4,600 stores and 40+ distribution centers,
expanding nationwide in 2026. The data will feed Walmart’s AI systems to
improve accuracy, cold-chain compliance, and on-shelf availability.
It’s a scale bet that visibility equals velocity—and profit.
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