Cracker Barrel eliminates DEI programs, brings back handmade biscuits

FIRST ON FOX: Cracker Barrel is highlighting a series of changes the restaurant chain has implemented in the wake of aggressive backlash from customers in recent weeks, ranging from a throwback in biscuit preparation to the elimination of Diversity, Equity and Inclusion (DEI) programs. Cracker Barrel is poised to announce…

Klarna valued at B ahead of trading debut

Buy now, pay later company Klarna is making its long-awaited initial public offering on Wednesday after raising $1.37 billion. The Swedish firm priced its IPO at a higher-than-expected $40, above the $35 to $37 expected range, valuing the company around $15 billion.COSTCO ROLLS OUT BUY NOW, PAY LATER FOR BIG…

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Tucson votes down 0M Amazon data center citing water and energy use

A massive data center that was slated for southern Arizona may be no more after a city council vote on Wednesday unanimously directed all staff to stop work. Dubbed “Project Blue,” the data center was supposed to be built on 290 acres in Pima County. The county’s board of supervisors…

Uncertainty tax hits businesses as economy shows signs of inflection point

The weaker-than-expected July jobs report and large downward revisions to the prior two months’ job gains could signal that the U.S. economy is at a turning point, as Federal Reserve policymakers continue to monitor economic conditions and weigh interest rate cuts. Fed Governor Lisa Cook spoke on a panel with Boston…

Penske calls DHS use of rental trucks in LA operation ‘improper’ and unsafe

Transportation services company Penske is calling the use of its rental trucks during a Department of Homeland Security (DHS) operation in Los Angeles “improper” following a raid at an LA-area Home Depot. Penske addressed the situation after federal agents were seen in their vehicles during the Wednesday incident that resulted…

BNPL firms withhold credit data fearing unfair customer penalties

Credit bureaus were supposed to start incorporating buy now, pay later (BNPL) data into credit scores given how the payment method has surged in popularity, but several of the firms issuing these short-term loans are refusing to share their data for now.  Major players in the BNPL space, including Klarna…

Trump’s higher tariffs go into effect on dozens of countries

President Donald Trump’s higher import taxes on dozens of countries went into effect on Thursday, just as the economic impact of his earlier tariffs had started to show visible harm to the U.S. economy. The new broad tariffs went into effect just after midnight on Thursday, going as high as…

Student loan delinquencies rise sharply after pandemic pause ends

The Federal Reserve Bank of New York on Tuesday reported a significant rise in the number of delinquent student loans after the end of a moratorium on student loan repayment and the resumption of reporting delinquencies to credit agencies.  The New York Fed’s Center for Microeconomic Data released its Quarterly Report on…

CELSIUS energy drink brand capitalizes on viral recall publicity buzz

The makers of CELSIUS energy drinks are taking advantage of the publicity the beverages have gotten since a “labeling error” led to the recall of cans that actually have vodka seltzer inside.  Last week, two production lots of High Noon Vodka Seltzer 12-packs were recalled because they could potentially “contain…

Google invests  billion in AI education training over 3 years in US

Google is investing $1 billion to support artificial intelligence training and education initiatives in the U.S. over the next three years, underscoring how some tech giants are working to scale access to their learning models and shape the future of education. Google’s investment includes funding for new AI learning tools,…

Claire’s Stores files for Chapter 11 bankruptcy protection in Delaware

Claire’s Stores Inc., once a teen retail staple, has filed for bankruptcy protection for the second time in seven years as it contends with significant debt.  The retailer filed for Chapter 11 bankruptcy protection in a federal court in Delaware on Wednesday, highlighting the “difficulty facing mall-based retailers geared to…

Spirit Airlines pilot arrested for allegedly stalking minors in Kansas

A Spirit Airlines pilot has been arrested and pulled from future flights for allegedly stalking two minors. Dominic Armando Cipolla, 40, is charged with two counts of stalking including a felony count for allegedly stalking someone under the age of 14. According to a criminal complaint, Cipolla targeted children born…