Let’s begin at the beginning. Low taxes, light regulation, abundant energy, and a strong dollar, are the keys to economic prosperity. And prosperity is as American as apple pie. And though nothing is ever perfect, at the moment I would argue, the American economy is in a prosperous position, roughly a year after Mr. Trump and the Republicans passed their One, Big, Beautiful Bill.

The Atlanta Fed just raised its GDPNow estimate for the third quarter that ends September 30, to 5.1 percent. Real growth. Core GDP last quarter, by which I mean real domestic private sales, increased by over 4 percent.

As the Fed chairman, Kevin Warsh, pointed out in the Open Market Committee statement, the rate rise passed unanimously by a 12-0 vote, domestic spending is resilient — indeed today’s retail sales up 6 percent year-on-year, they also pointed out productivity growth is strong, and capital investment is robust. Unemployment is low.

By the way, nonfinancial productivity — output per person — is rising over 3 percent annually for the past two years. And that is counterinflationary. Meanwhile, capital investment with 100 percent immediate expensing for machinery, equipment, some buildings, a big chunk of the data center — this is the seedcorn of the future economy rebuilding our infrastructure on the supplyside, and it can’t possibly be inflationary.

Rapid productivity is likewise counterinflationary. More people working, the same. The Census Bureau just showed real median household income reached an all-time high, Hispanic and black poverty hit an all-time low. Incomes for the bottom 25 percent reached their highest level ever.

So let me repeat an old supply-side saw, growth is not inflationary. Especially this kind of business-led growth. Manufacturing profits are soaring. Of course profits are the mothers milk of stocks and the lifeblood of the economy. And that can’t possibly be inflationary.

Now it is true that Mr. Warsh has inherited the 21 percent cumulative inflation rate from President Biden and the former Fed chairman, Jay Powell. That, and a temporary oil shock for Mr. Trump’s war against Iran to prevent them from ever getting nuclear weapons. A noble mission. So as Mr. Warsh said today, the inflation rate is still too high. And he is concerned that the underlying trend is not improving to his satisfaction.

He said: “The plain fact is that inflation is too high and has been for too long. This summer’s inflation readings do not tell me that underlying trends have meaningfully improved.” He added that, “based on the most recent” consumer price index and producer price index data, “the 12 month change in total” Personal Consumption Expenditures index “prices likely was around 3.6 percent in August.” Mr. Warsh added that core PCE and CPI are “running at about 3.2 percent and 2.4 percent, respectively. Too many categories are still posting increases above 3 percent on both a six and 12 month basis.”

So the Fed raised its Fed funds target range by a quarter of a percentage point, to the range of 3-3/4 percent to 4 percent. To some extent, we are seeing real interest rates normalizing to accommodate stronger economic growth. 

If Mr. Warsh is going to liquidate some excess balance sheet reserves, in order to strengthen the value of the dollar, that’s ok. Let’s not throw the baby out with the bathwater. Regime change at the Warsh Fed should specify that growth does not cause inflation.

NEW YORK — User reports of Spotify problems spiked after 10:43 a.m. Eastern on Wednesday, according to Downdetector, even as Spotify’s public status page listed all systems as operational and independent uptime checks continued to return HTTP 200.

The Downdetector post that circulated on social media showed 1,763 views and asked how the disruption was affecting listeners. Crowd-sourced maps typically light up when login fails, playlists stall or playback cuts out on phones, cars and smart speakers. Those dashboards measure complaint volume, not a company admission. StatusGator counted about 30 user-submitted reports in 24 hours and briefly flagged a possible incident around midday that it later marked resolved. Down For Everyone Or Just Me said it was not detecting a current outage and listed the last confirmed Spotify event as Tuesday, Sept. 15, lasting about 51 minutes, with another stretch of about 48 minutes in the same recent window.

Spotify’s status page recorded no incident on Sept. 16. Automated monitors that ping spotify.com and open.spotify.com through the day reported the sites up, with response times in the 170- to 400-millisecond range. IsDown, which watches the official status feed, said the service was working normally when it checked Wednesday morning. UptimeRobot showed no failed probes.

That split is common. A regional DNS glitch, a carrier path, an app cache or a single content-delivery node can generate a Downdetector wave while the homepage still answers. Users on Down For Everyone Or Just Me described the service as “slow” from the United States, Portugal, Germany, Singapore, Mexico and Australia through Wednesday. One StatusGator note from Indiana said playlists were not loading and most buttons were not working. Others cited random audio crashes and devices that would not play after a reinstall. Those are individual reports, not a root-cause statement.

Spotify has not posted an incident banner or a customer-support thread acknowledging a Wednesday outage. The company’s newsroom this month has promoted partnerships and concerts, not infrastructure. Without an official postmortem, the working description is a cluster of user complaints after 10:43 a.m. Eastern, overlapping a day when the website itself stayed reachable.

Listeners who hit a stall usually try the same steps: toggle airplane mode, switch from cellular to Wi-Fi, force-quit the app, clear the cache, or download tracks for offline play. If only one network fails, the problem is often local. If phones, laptops and cars all fail at once, the signal is closer to a platform issue. None of those steps confirms what broke on Wednesday.

Spotify remains the default soundtrack for commutes, gyms and offices. A 50-minute event, like Tuesday’s, is enough to trend. A morning spike of “slow” tickets that never becomes a red banner is the more typical case: enough friction to fill Downdetector, not enough to take the status page offline. Until Spotify publishes an incident, Wednesday is a user-report story — 10:43 a.m. Eastern, playlists that would not load for some, and a green light on the page that is supposed to say when the music stops.

James Vyse is the founder and chief executive of deltaH Innovations, the Cardiff company behind Cool>Can, a drinks can that chills itself. The first commercially branded version goes on public show at London Packaging Week at Excel London today and tomorrow, carrying Brains’ Bayside Welsh Lager. He tells Business Matters how it got there.

What do you currently do at deltaH Innovations?

I am the founder of deltaH Innovations and the inventor of the world’s first self-cooling can, which takes a can of drink from warm to cold in less than 60 seconds at the flick of a switch.

The technology is a can within a can. A push-button activates a chemical reaction between water and a patented salt-based coolant, which pulls the temperature down by between 10C and 15C in around a minute. No fridge, no ice, no power. The activation module, Cool>Connect Mini, is reusable and refillable with tap water, and the can itself is fully recyclable through standard beverage can recycling, independently verified by OPRL.

What are you showing at London Packaging Week?

London Packaging Week will be the first place to see a commercial Cool>Can. Up until now, we have been sending and discussing prototypes, but what we will actually be presenting is the first Cool>Can in a commercial partnership, with the brand actually on the can. It is a huge leap from technical development and towards mainstream market adoption.

I am also speaking tomorrow at 12:00 in the Discovery Theatre, on turning packaging innovation into reality.

What was the inspiration behind your business?

I had worked in the drinks sector for a number of years, and my previous business was in ready-made cocktails. One thing that always frustrated me was having a drink that was meant to be enjoyed cold, but finding it was warm when you were on the go and did not have access to refrigeration.

I knew there had to be a better solution, and that was really where the idea came from. I wanted to find a way of giving people an ice-cold drink wherever they were, without needing a fridge.

Why Brains, and why Wales?

Brains is a Cardiff brewer and our first commercial partner, and its Bayside Welsh Lager is the first branded product to go into a Cool>Can. There is a nice symmetry to that. In 1935, Felinfoel in Llanelli became the first brewery outside the United States to put beer in a can. Wales brought the first beer can to this side of the world, and now we have brought the first self-cooling beer to the world.

We spent two years developing the technology and we run a pilot production line here in Wales, supported by a £500,000 grant from the Welsh Government towards technology and manufacturing development. That kind of regional backing for innovation counts for a lot when you are building hardware outside London. I am incredibly proud to be Welsh, and I want to build something here that can have a global impact. Wales has a history of doing things first. My ambition is to build a Welsh unicorn.

Who do you admire?

That has to be James Dyson. I really admire what he has achieved, but also how he achieved it. He took an idea, kept developing and improving it despite the setbacks, and ultimately created something that changed an industry. I think there is a lot to learn from that kind of persistence.

Looking back, is there anything you would have done differently?

No, not at all. I went through around 200 prototypes while trying to get the self-cooling can right, many of them developed from my bedroom, so there were definitely challenges along the way.

But I always knew I was onto something special. There were times when it would have been much easier to give up, but those setbacks were part of the journey and ultimately helped us get to where we are today.

What defines your way of doing business?

My small team has been with me since the beginning. They have believed in me and the product throughout, and it is really important to me that I take those people on the journey with me. Of course I want the business to succeed, but I also want the people who have supported me from the start to share in that success.

Over the last 18 months I have had some incredible meetings and opportunities that I could previously only have dreamed of. But as a born-and-bred Cardiff boy, I am particularly proud that our first major partnership is here in Wales.

Hopefully this is just the beginning. I want to create jobs, build something significant here and help put Wales on the map for innovation and engineering. We have developed something genuinely different, and I am incredibly proud that its story started here.

What advice would you give to someone starting out?

Believe in yourself and, if you genuinely believe you have a good idea, do not give up on it. It is very easy to listen to everyone else’s opinions and end up questioning your own gut instinct. Take advice, of course, but do not lose sight of why you started in the first place.

At the same time, do not try to run before you can walk. Getting the fundamentals right at the beginning is incredibly important, and you can build from there.

I have always been someone who dreams big, and I do not see anything wrong with that. If you have an idea you truly believe in, back yourself, run with it and see where it takes you. My dream is to get on a plane and land anywhere and see a Cool>Can.

Yes. Corporate subscriptions are available for teams and organisations, with discounted rates as user numbers increase. Pricing starts from $1,625 + GST per user.
Get in touch
to discuss the right option for your organisation.

Business News subscriptions are used by executives, investors, consultants and professionals who need to stay informed and make better decisions about the WA market. When you subscribe you’ll get

• Unlimited access to WA’s most trusted business journalism
• Data & Insights — detailed profiles of WA companies, people, projects and deals
• MyBN — a personalised feed based on the companies, people and sectors you follow
• Special publications and industry reports
• Daily and weekly email newsletters

Data & Insights is a research tool built specifically for the WA market. It draws on more than 30 years of Business News reporting, updated regularly to reflect what’s happening now. Use it to:

• Look up detailed profiles of WA companies, including financials, directors and ownership
• Find decision-makers and track their career movements
• Research live and completed projects across WA industries
• Monitor deals, appointments and market activity
• Access industry rankings and league tables

Data & Insights is updated daily by our dedicated research team, which uses the latest announcements, ASX filings and editorial coverage to keep our person, company, list and project records up to date.

Business News welcome all opportunities to make our dataset accurate, complete and current, so if you have an update request, please email the team at
general@businessnews.com.au, and we’d be happy to assist.

MyBN
is part of every subscription. It’s your personalised view of Business News. You can follow the companies, people, sectors and projects that matter to you, and get a news feed and alerts tailored to your interests. You can save articles to read later and retain only what you need.

Only subscribers have full access to all content on the Business News website.

If staying informed about the WA economy is part of your job, and/or you’re looking for networking opportunities in WA, Business News is built for you.

Business News subscribers are:

• Executives and directors tracking competitors, clients and market movements
• Investors and advisers researching companies, deals and industry trends
• Consultants and professionals staying across sectors relevant to their clients
• Business owners looking for leads, context and market intelligence

Most Business News publications cover national or global markets. Business News is focused entirely on Western Australia, which means the journalism, the data and the intelligence are all built around WA companies, people and projects — not adapted from a national feed. Data & Insights, included with every subscription, combines more than 30 years of WA-specific editorial research with live business data. There’s no comparable product for the WA market.

The Morning Digest Email provides a comprehensive wrap of the major headlines, relevant to WA business, and includes with a snapshot of the overnight news covering oil, gold and ASX-listed companies.

The Afternoon Wrap Email focuses on the news covered by our team of journalists during the course of the working day, including exclusive stories and analysis, all of which relates to WA business and the local economy.

The BN Weekender Email contains a wrap of the Business News from the week that was, highlighting the top stories in each area of WA business.
Sign up for free.

We’re happy to help.
Get in touch
and our team will come back to you.

California health officials are urging consumers not to eat recalled organic eggs after a salmonella outbreak sickened 23 people and hospitalized seven.

The California Department of Public Health (CDPH) announced last week that the outbreak has been linked to Happy Hens brand organic eggs produced at the company’s Ramona, California, farm. The company voluntarily recalled the eggs on Sept. 8.

“Consumers should throw away recalled eggs or return to place of purchase for a refund. Consumers should contact their healthcare provider if they become sick with symptoms of Salmonella infection within 7 days of eating this product,” CDPH said.

POPULAR SO DELICIOUS FROZEN DESSERT RECALLED OVER POSSIBLE STONE CONTAMINATION

California health officials are urging consumers not to eat recalled organic eggs after a Salmonella outbreak sickened 23 people and hospitalized seven. (iStock)

As of Sept. 8, the outbreak had sickened 23 California residents, sending seven people to the hospital. No deaths have been reported.

“Because this outbreak is considered ongoing, additional recent illnesses linked to this outbreak may still be identified,” CDPH said.

The recalled products include all grades and sizes of Happy Hens organic in-shell eggs with egg handler code CA-0677, as well as the following lot codes and sell-by dates:

• Sell By Sept. 10 (Lot 223)
• Sell By Sept. 13 (Lot 226)
• Sell By Sept. 24 (Lot 237)

FORD RECALLS MORE THAN 223,000 VEHICLES OVER FUEL TANK ISSUE

The eggs were sold in one-dozen and 18-count cartons, 20- and 30-count flats for consumers, as well as 15-dozen food service cases.  (California Department of Public Health )

The eggs were sold in one-dozen and 18-count cartons, 20- and 30-count flats for consumers, as well as 15-dozen food service cases. 

The products were distributed to restaurants, grocery stores and farmers markets across Southern California and the Central Coast.

They were also sold directly at the company’s Ramona farm, CDPH said.

According to CDPH, investigators identified Happy Hens eggs as the likely source of the outbreak following interviews of people who became ill.

CREAM CHEESE AND DELI SALADS RECALLED OVER POTENTIAL LISTERIA CONTAMINATION

The eggs were distributed to restaurants, grocery stores and farmers markets across Southern California and the Central Coast, and were also sold directly at the company’s farm in Ramona. (California Department of Public Health )

CLICK HERE TO GET FOX BUSINESS ON THE GO

“Most people recover without medical treatment,” CDPH said. “But for some people, the symptoms may be so severe that treatment or hospitalization is needed. Children younger than 5 years of age, adults 65 and older, and people with weakened immune systems are more likely than others to get very sick.”

FOX Business reached out to Happy Hens for comment.

This article was written by

Follow

Analyst’s Disclosure: I/we have a beneficial long position in the shares of EQX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

The Sunderland firm reported a small drop in revenues due to lower wind speeds in 2025

Renewables firm OnPath Energy says it is continuing to invest in its growth strategy despite seeing a small drop in revenues as lower wind speeds cut power generation.

The Sunderland-headquartered firm, which was formed by the acquisition of the renewable energy elements of County Durham’s Banks Group, recorded a turnover of £73.4m and an operating profit of £22.7m for the 12 months to the end of 2025.

That compared to a turnover of £95.7m and operating profit of £69.4m during 2024, though those figures related to a 15-month period.

OnPath said that the year saw “below average wind speeds and lower merchant power prices compared to the previous period”. The group’s wind farms in the North and Scotland had a combined capacity of 252MW at the end of the financial year.

OnPath said that it is growing its development pipeline and expects to bring forward several new project proposals in England in the coming months, while it is currently exploring a range of potential new development locations across England, Scotland and Wales.

It acquired the Milton Keynes Wind Farm in Buckinghamshire and Pates Hill Wind Farm in West Lothian at the beginning of 2025 and has since entered into an option agreement to acquire a majority stake in three onshore wind farms under development in South Lanarkshire.

Earlier this year, the company completed the sale of seven English onshore wind farms to The ERG Group, releasing capital to support the development of new onshore wind farms across the UK.

Simon Fisher, chief financial officer at OnPath Energy, said: “Onshore wind energy is playing an increasingly important role in the UK’s long-term energy security strategy while also delivering significant supply chain investment, UK jobs, improving energy affordability and social benefits for local communities, local supply chain businesses and the wider economy.

“Wind yields in 2025 were below average, but we have still delivered solid commercial returns while continuing the evolution of the business towards a primary focus on developing and building new onshore wind farms across the UK.

“In the coming months, we will add another 73MW capacity to our operating portfolio with the energisation of Mill Rig Wind Farm in South Lanarkshire and the Barnsdale Solar Park in West Yorkshire, with the commissioning of the Common Farm Solar Park in South Yorkshire then set to follow.

“Acquisitions and divestments continue to be a critical part of our growth strategy, with capital reinvestment helping us bring forward new projects, which in turn creates jobs and supply chain opportunities for UK businesses, improves energy affordability for UK consumers while also accelerating our contribution to a fair and inclusive just transition.”

OnPath said it aims to spend around two-thirds of its investments in the local supply chains of its wind farms, while it had awarded more than £1.2m in grants from the community funds linked to each of its onshore sites to local good causes.

New York Knicks superstar Jalen Brunson, along with his family, announced on Tuesday the launch of Thirty Third Management Group, a family-owned brand advisory firm that will manage his off-court business as well as represent clients across pro sports, business and philanthropy. 

It’s been quite the year for Brunson, as he was the leader of a Knicks team that broke a 53-year NBA title drought, and he won NBA Finals MVP in the process. The “King of New York” moniker has followed him ever since, with the Knicks faithful forever indebted to him and his teammates for the pure joy they brought the city. 

But if Brunson wasn’t a star already on the hardwood, winning the NBA title in New York vaulted him into a different stratosphere, and business opportunities and more were sure to follow. 

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM

Jalen Brunson of the Knicks shoots a free throw against the Philadelphia 76ers on May 6, 2026, at Madison Square Garden in New York City. (Jesse D. Garrabrant/NBAE/Getty Images)

Now, with his own firm and his family’s back, Brunson is not only helping himself but looking forward to doing the same for others with their business development, charitable work and more. 

“My family has been with me every step of the way, and everything we do is rooted in trust,” he said in a statement. “Thirty Third gives us the chance to take ownership of my off-court business, to build something that reflects who we are, and to do it together.”

KNICKS STAR JALEN BRUNSON IS A MAN OF THE PEOPLE, REVEALS THE ONE THING HE CAN’T LIVE WITHOUT

The firm’s name comes from the beginning of Brunson’s career, where the Dallas Mavericks selected him 33rd overall out of Villanova in the 2018 NBA Draft. He has since built a reputation defined as much by his character and leadership as by what he has accomplished on the court. 

Sandra Brunson, Jalen’s mother, who has been managing his off-court business for eight years, will serve as Thirty Third Management Group president. Erica Brunson, his sister, will serve as director of client services, while Connor Cashaw, a friend and former high school teammate at Stevenson High School in Illinois, will be the director of business development. Both Erica and Connor have been a part of Jalen’s team since 2024 and 2025, respectively.

Erica Brunson, Rick Brunson, Sandra Brunson, Jalen Brunson and Ali Marks Brunson attend the ESPY Awards at David H. Koch Theater at Lincoln Center on July 15, 2026, in New York City. (Kevin Mazur/Getty Images)

This firm was born from a belief that the most powerful brands are built on trust, purpose, and genuine human connection,” Erica Brunson said in a statement. “As a family, we’ve had the privilege of supporting Jalen’s growth beyond basketball, and that experience inspired us to create an advisory platform that helps others do the same. 

“We are committed to helping our clients maximize opportunities, whether in professional sports, business, or philanthropy, and want to be a strategic partner that champions both success and significance.”

So, while Brunson will serve as the firm’s foundational client, Thirty Third Management Group was built with the wider goal of advising athletes, NIL talent, executives, entrepreneurs and charitable foundations on brand development, partnership strategy, business development and more. 

Also, a priority of the firm from the outset will be in women’s sports, a category the firm’s leadership views as “historically underserved,” with Erica leading that effort.

Jalen Brunson, his wife Ali Marks Brunson and their daughter, Jordyn James Brunson are seen at the Knicks ticker-tape parade along the Canyon of Heroes on June 18, 2026, in New York City. (NDZ/Star Max/GC Images)

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Meister Seelig & Schuster PLLC, led by Mitch Schuster and Jed Ferdinand, will serve as legal counsel for the firm, while Focus Financial Partners serves as financial advisors for Brunson, his family and Thirty Third Management Group.